Futures (Cedar Falls, IA) articles from August 2005

Futures (Cedar Falls, IA) archives from August 2005

Beware of pirates.(EDITOR'S NOTE)
August 1, 2005... More times than not, the most successful traders have said the key to profitable trading is risk management. Think about it: if you protect your wins, in the end, you'll be successful. But with the technology age comes technology headaches,...

Not really free.(foreign exchange trading)(Brief Article)
August 1, 2005... How can you accept the baloney of these [forex] futures commissions merchants charging no commissions? The fact remains that while they claim to take no commission, they add it to the PIP spread, which I have never seen be as tight as any of...

Indicate it.(traders management)(Brief Article)
August 1, 2005... I keep reading about primary and secondary indicators. Which indicators are considered what? A. Lee, via e-mail Jim Wyckoff, president of Jim Wyckoff Enterprises, www.jimwyckoff.com responds: Every trader has his or her own list of...

Fund moves.(Letter to the Editor)
August 1, 2005... We loved and read ["Inside the not-so-cozy world of cotton," June 2005] several times, picking at it to glean the finer points that will lead us to a better understanding of cotton trading. Mr. [Joe] Nicosia, the subject of the article, says it...

Eurex US moving into forex.(foreign exchange)
August 1, 2005... After failing to wrestle market share away from the Chicago Board of Trade's (CBOT) Treasury complex, Eurex is fixing its aim a couple of blocks west by listing the original financial futures--currencies. Eurex US all but gave up on the...

Euronext beats out eSpeed for MTS.
August 1, 2005... MTS, the cash bond platform launched in the mid 1990s by Italy's Treasury has resembled the business model of Euronext, so it came as no surprise when in June MTS snubbed a [euro]250 million outright buyout offer from bitter rival eSpeed and...

Refco acquires CIS.(CARGILL ENDS ERA)
August 1, 2005... Refco Group Ltd., which filed an S-1 and announced its intent to sell public shares in the company, has entered an agreement to acquire London-based Cargill Investor Services (CIS), which executes futures and options contracts for parent...

CFTC roundup.(International News)(Brief Article)
August 1, 2005... The U.S. District Court for the Eastern District of Michigan has entered judgements against Michigan resident John Daniel Lee and Panamanian firms Marquis Financial Management Systems Inc. and Marquis Group Inc. in a commodity pool fraud case,...

Citibank slapped.(International News)(Brief Article)
August 1, 2005... London's Financial Services Authority fined Citibank [pounds sterling]13.9 million in late June for an August 2004 cash bond flipper trade in which the bank dumped [euro]11 billion and then bought back [euro]4 billion worth of government bonds,...

Africans adopt euronext model.(Pan-African Commodities and Derivatives Exchange)(Brief Article)
August 1, 2005... Organizers of the Pan-African Commodities & Derivatives Exchange (Pacdex) have released details of their evolving platform's intended structure--a hub in Botswana to match trades for commodity exchanges in Kenya, Nigeria, Egypt, and other...

News bits.(futures contracts of commodities)(Brief Article)
August 1, 2005... The New York Mercantile Exchange (Nymex) has introduced sulphur dioxide (SO2) and nitrogen oxide (NOx) futures contracts on its Clearport platform. "It creates a broader base of users in the emissions space, it is a healthy development,"...

News bits.(International News)(North American Energy Clearing launches a physical clearing service )(Brief Article)
August 1, 2005... North American Energy Clearing, the Clearing Corporation and the Intercontinental Exchange have launched a physical clearing service for the energy markets.

News bits.(International News)(Tokyo International Financial Futures Exchange Inc. has changed its name to Tokyo Financial Exchange Inc.)(Brief Article)
August 1, 2005... The Tokyo International Financial Futures Exchange Inc. (Tiffe) has changed its name to Tokyo Financial Exchange Inc. (TFX).

33 years of Futures ...(reports of commodity futures)(Brief Article)
August 1, 2005... Futures has thrived for more than three decades by providing unbiased tips, news, profiles, advice and current market analysis. Here, we spotlight some events Futures has covered during its 33 years. This flashback includes some articles from...

Converting out.(market condition for hedge funds)
August 1, 2005... The June closure of convertible arbitrage hedge fund Marin Capital Partners, with its nearly $2 billion under management, appears to be just the tip of the iceberg for the troubled strategy. The Barclay Group estimates the strategy has lost...

Purdey to lead FFastFill U.S.(Trading Places)(Hamish Purdey appointed at FFastFill Inc.)(Matthew Schwab appointed at AIG Financial Products Corp.)(Jean El Khoury appointed at Deutsche Bank Securities Inc.)(Brief Article)
August 1, 2005... Hamish Purdey has been named president of FFastFill Inc., the U.S. headquarters of London-based FFastFill plc. Purdey has been with the company since October 2000 and has been responsible for technical and operational management, and commercial...

Soybeans carrying premiums.(Hot Commodities)(Brief Article)
August 1, 2005... Soybeans are having a hard time maintaining levels above $7.00 per bu. despite drought conditions in parts of the Midwest. [GRAPHIC OMITTED] Anne Frick, oilseeds analyst at Prudential Financial Derivatives LLC, says the problem with...

Copper tops.(Hot Commodities)(Brief Article)
August 1, 2005... Copper prices have pushed to a 16-year high as a projected surplus has failed to materialize in the third quarter. Timothy Evans, a senior analyst at IFR Pegasus, says Comex is down to 15,000 tons, which he described as "practically nothing,"...

Litigating factors in cattle.(market condition of cattle industry in canada )(Brief Article)
August 1, 2005... An American cow with BSE was found in late June and a federal judge closed the U.S. border to live Canadian cattle in March after one was found with BSE. And R-Calf USA, a cattle producer's interest group is suing the Department of Agriculture...

It's supply and demand, stupid.(market condition of crude oil)
August 1, 2005... As of this writing, front month crude oil is making new highs. In the news you hear every possible explanation as to why crude prices move the way they do, including strikes in Nigeria, hurricanes in the Gulf of Mexico, changing OPEC policy and...

Does a summer bear equal a bullish fall? Many analyst and traders predict a summer sell off that could take stock indexes for a bull ride this fall. But just how high of a run can we expect and how much will it sell off? Does Nasdaq hold the answer to whether the ride is a quick outing or an excursion? Or will oil prices simply spoil the trip? Here's what the experts say.(MARKETS)(Cover Story)
August 1, 2005... During the first half of 2005 stocks have struggled, missing even the weakest targets set by analysts months ago. While the markets may suffer when the weather is warm, once temperatures drop, stocks actually could heat up. "With the major...

Tech talk: day trading the e-mini S&P.
August 1, 2005... Without a doubt, successfully day trading the e-mini S&P has become extremely challenging during the past few years. There are literally thousands of traders throwing money at this market on a daily basis. Generally speaking, the e-mini...

A look at forex trading contests.(foerign exchange)
August 1, 2005... As forex becomes more competitive, forex futures commission merchants (FCM) and introducing brokers (IB) are resorting to offering prizes and incentives to attract customers. A common incentive is a monetary bonus with many firms offering $250...

Extreme short-term profits in stocks: many traders have discovered that if they dial down the frequency of the data they are trading, they can increase their bottom line as well. However, this step is not without its risks.
August 1, 2005... High-frequency trading (HFT) is gaining popularity and driving demand for new trading applications. This demand is challenging more researchers and developers to create efficient real-time automated trading systems. [ILLUSTRATION OMITTED]...

Are you confident about sentiment? Sentiment surveys and retail sales reports are only important if they have real world effects on the financial markets. Here, we dig into the data to find out.(TRADING TECHNIQUES)
August 1, 2005... Market data fall into two categories, reasons and excuses. This ignores, of course, both the excusable over-reactions and the reasonable excuses for action, but those are higher-order effects. The monthly release of retail sales data and of...

How real traders trade inflation: inflation reports are vitally important to the markets. Here's how the reports affect traders' buying and selling in one volatile downtown Chicago trading room.
August 1, 2005... It's 7:28 a.m. in downtown Chicago and a roomful of traders, market strategists and information junkies are slowly drifting away from their desks and toward the televisions placed sporadically throughout the cavernous trading area. I am...

Getting to know TED: whether you trade it or not, the Treasury/Eurodollar spread can provide important insight into the future direction of interest rates.(T-note/Eurodollar)
August 1, 2005... The yield curve formed by strips of Eurodollar futures contracts is a relatively smooth curve that is higher than the yield curve of U.S. Treasury bonds and notes. The spread between the two curves varies with expectations of future interest...

Market cycles--are they fundamental? In the first of two parts, we examine whether cycles are fundamentally based and lay the groundwork for determining whether they are better suited for trading systems or academic discussions.(TECHNOLOGY & TRADING)
August 1, 2005... Are fundamentally based cycles like the cycles that produce seasonal patterns, which are detectable, and can they be analyzed using a spectral-based cycle analysis method? We will attempt to see whether some of the more popular cycles and...

ETFs for beginners: exchange traded funds are wildly successful financial instruments, offering exposure to multiple asset classes, economy and transparency against traditional mutual funds.(FUTURES 101)
August 1, 2005... In the beginning, there were stocks; then came stock indexes, which offered professional assessment and instant access to multiple asset classes. Then came mutual funds, intended to lower the cost of exposure to the stock market and access to...

Looking for opportunities in stocks.(Online Trading)
August 1, 2005... Some investors are always looking for the biggest movers of any market, whether it's commodities, financials or stocks. While commodities are being heavily traded this year, recently stocks have been viewed as "not hot" because there have been...

Managed futures for all: with a high regulatory bar for creating public pools, restrictions on trail commissions and super high minimum investment levels for managed accounts, few investors have access to managed futures. However, some brokers are trying to bridge the gap by offering managed futures to retail.(MANAGED MONEY)
August 1, 2005... Managed futures as an asset class, to many, is a closely held secret. Though the likes of John W. Henry, Millburn Ridgefield and Campbell and Company have been around for several decades with returns that hold up against the more popular...

2005 public funds returns (through June).(Illustration)
August 1, 2005... These funds have the following cash distributions, which should be added to the fund's current value to get a true picture of the funds' actual returns since beginning trading. Fund Total J.W. Henry/Millburn LP...

Barbarians at the gate: how safe is your online trading account from hackers and other cyber criminals? Here is a look at what the bad guys are up to, as well as what you and your broker can do about it.(TRADE TRENDS)
August 1, 2005... The e-mails from Ameritrade started hitting George Rodriguez at 9:31 a.m. on May 5, 2005. "You just sold out of Duke, you just sold out of Home Depot, you just sold out of Ford," he recalls reading. "Pretty much my entire portfolio was being...

Defending against cyber raiders.(TRADE TRENDS)
August 1, 2005... Online futures trading has opened a world of opportunity, both for traders and hackers. Listed below are five flavors of attacks, phishing, pharming, social engineering, hacking and Trojan Horses, and what you can do to avoid them. ...

Software review.(Market System Analyzer)(Product/Service Evaluation)
August 1, 2005... Market System Analyzer Adaptrade Software 33175 Hwy 79 S-A, #336 Temecula, CA 92592 (951) 302-1624; Fax: (208) 977-1111 info@adaptrade.com OVERALL RATING: Excellent LEVEL: Beginner, intermediate and advanced. ...

Dateline.(contract dates of commodities industry )(Calendar)
August 1, 2005... CONTRACT DATES 1 FND: BM&F Alcohol F, LTD: BM&F Alcohol OF, iBrX 50 F. 2 LTD: CME Jul Weather F. 4 LTD: CME Jul Milk F, C728OF, Jul Milk F, OF, Jul Mid-sized milk OF, Safex Bonds F. 5 LTD: CME Peso OF, Live cattle OF, Nybot...

Newell and the essence of trading.(Trader Profile)
August 1, 2005... Donald A. Newell, principal and head trader of Quiddity LLC, developed his love of trading on the floors of Chicago's derivatives exchanges where he worked during summer breaks from the University of Illinois where he studied Finance. He...