Futures (Cedar Falls, IA) articles from February 2008

Futures (Cedar Falls, IA) archives from February 2008

Blasting off.(EDITOR'S NOTE)
February 1, 2008... It's only the second week of the new year and 2008 has already been historic: First, crude oil prices hit--for one brief moment--the $100 mark, then soybean futures broke into the teens for the first time ever, popping just over $13 per bushel,...

A fresh contender: financial heavyweights challenge CME.(Trendlines)
February 1, 2008... With the CME Group consolidating power through its recent purchase of the Chicago Board of Trade, the big brokerage houses, who are its largest customers, got together once again to try to compete with the Chicago monolith. In December a...

Carbon calamity: LCH, ICE dispute leaves ECX cold.(Trendlines)(Intercontinental Exchange (ICE),European Climate Exchange (ECX))
February 1, 2008... The European Climate Exchange (ECX) could lose its hard-earned position as the world's leader in carbon emission reduction trading, thanks to a dispute between the Intercontinental Exchange (ICE) and its clearing and settlement house,...

Roll with it: Ag spec limits increase pain.(Trendlines)
February 1, 2008... The CFTC proposal to increase spec limits on agricultural futures, in some case doubling the limits, has pitted traditional agricultural hedgers vs. just about everybody else. "We know that the index funds have had an effect on the...

Freeze out: ICE Futures U.S. goes electronic.(Trendlines)
February 1, 2008... The trading floor where Dan Akroyd and Eddie Murphy's fictional characters cornered the frozen concentrated orange juice market in the movie "Trading Places" will shut down and make way for all electronic trading as of Feb. 29. ICE subsidiary...

Chartview: top 10 systems.(Trendlines)(Top 10 systems for the 12-month period)(Statistical table)
February 1, 2008... Here are the top 10 systems for the 12-month period ending Sept. 31 based on simulated trading by Futures Truth. The results are based on an initial investment of three times margin with no reinvestment of profits. Slippage has been calculated...

Still standing: the CCorp to rise again.(Trendlines)(The Clearing Corp.)(Brief article)
February 1, 2008... The Clearing Corporation has completed a restructuring that resulted in 17 shareholders owning the company, including 12 global dealers, three inter-dealer brokers, Eurex and 1CAP. The new board of directors had not been announced as of early...

Mifid drives Chi-X.(International News)
February 1, 2008... Start-up equities exchange Chi-X Europe Ltd., which is majority-owned by Japanese bank Nomura Holding through its Instinet subsidiary, says it has drawn a slew of new investments from a consortium of 13 banks, led by Credit Suisse, Lehman...

Dubai recognizes CME Group.(International News)
February 1, 2008... The Dubai Financial Services Authority (DFSA) has bestowed the CME Group with Recognized Body status within the Dubai International Financial Centre (DIFC). The status enables DIFC market participants to directly access and trade CME Group...

Eberle to head Man Investments USA.(Trading Places)(Uwe Eberle)(Brief article)
February 1, 2008... Uwe Eberle is now CEO and president of Man Investments Inc., USA. He became CEO for Man's institutional business in August 2006 and is now responsible for leading Man's U.S. institutional initiative. "I'm excited at the prospect of developing...

Chicago Board Options Exchange.(Trading Places)
February 1, 2008... Bradley G. Griffith will serve a second consecutive one-year term as vice chairman of the Chicago Board Options Exchange (CBOE).

Reto Francioni's appointment as CEO of Deutsche Borse.(Trading Places)
February 1, 2008... Reto Francioni's appointment as CEO of Deutsche Borse was extended by five years.

Vikram Pandit is now CEO of Citigroup.(Trading Places)
February 1, 2008... Vikram Pandit is now CEO of Citigroup. He was previously chairman and CEO of Citigroup's institutional clients group.

Morgan Stanley.(Trading Places)
February 1, 2008... Ellyn A. McColgan was named president and chief operating officer of the global wealth management group at Morgan Stanley, effective April 2008.

Andy Shinn and Aaron Sack are now executive directors on Morgan Stanley's private equity team.(Trading Places)
February 1, 2008... Andy Shinn and Aaron Sack are now executive directors on Morgan Stanley's private equity team. Previously Shinn was principal at The Carlyle Group and Sack worked for Apollo Investment Management.

Jerker Johansson has been named vice chairman in Europe for Morgan Stanley.(Trading Places)
February 1, 2008... Jerker Johansson has been named vice chairman in Europe for Morgan Stanley. Previously he was Morgan Stanley's global head of client services.

New York Mercantile Exchange.(Trading Places)
February 1, 2008... Thomas Gordon is now vice chairman and Howard Gabler is an independent director of the board of directors at the New York Mercantile Exchange.

Cogency Software.(Trading Places)
February 1, 2008... Jeffrey Axelrod has been promoted to CEO of Cogency Software.

Options Clearing Corporation.(Trading Places)
February 1, 2008... Dan Busby is now vice president, Internet services at the Options Clearing Corporation (OCC).

RTS Realtime Systems Group.(Trading Places)
February 1, 2008... Tim Stanley is now senior vice president of global sales at RTS Realtime Systems Group.

Saxo Bank.(Trading Places)
February 1, 2008... Howard Prince-Wright is now CFO of Saxo Bank.

Advent Software.(Trading Places)
February 1, 2008... Craig Collins is now chief financial officer designate at Advent Software.

Don Callahan is now chief administrative officer at Citigroup.(Trading Places)
February 1, 2008... Don Callahan is now chief administrative officer at Citigroup. Prior to joining Citigroup, he was an executive at Morgan Stanley and Credit Suisse.

Hedge funds steady in 2007.(Managed Money Review)
February 1, 2008... The first hint of the growing subprime calamity came with a series of hedge fund blow-ups this summer. Given the exponential growth of the subprime debacle and credit crunch you might expect that there would be a growing list of hedge fund...

Beans in the teens, really.(Hot Commodities)
February 1, 2008... Unless there is a secret stash somewhere in Argentina or Brazil, the current-season soybean production deficit could soon drive record-high prices even higher. Even before the USDA announced the tightest end-stock levels in five years, 175...

Good as gold.(Hot Commodities)(Brief article)
February 1, 2008... Since December, gold has rallied more than $100 per ounce, breaking its all rime high of $873 from 1980 and surpassing $900 on Jan. 11. "The big drivers here, and it's the same old story, are the dollar and crude." says Charlie Nedoss, senior...

Flight to quality.(Hot Commodities)(Brief article)
February 1, 2008... Since the head-and-shoulder formation that occurred near Christmas, 10-year Treasury note futures have rocketed from below 112-00 to beyond 115-00. "People are really nervous about what's going on in the economy and they are putting their money...

Energy 2008: higher prices and volatility.(MARKETS)
February 1, 2008... While the $100 print in crude oil futures at the beginning of the year was apparently the result of a glory seeking pit trader and not legitimate price discovery, there is no magic to that number and oil will most likely breeze past it in 2008....

Tech talk: pull-back coming but bull not over.(Markets)(Report)
February 1, 2008... Oxygen masks are generally a good idea at high altitudes. Without one, pilots, and traders for that matter, tend to get delirious and decision-making slows. This will be another year of dizzying decision-making in the oil markets as...

Can Elliott solve the oil conundrum?(Markets)
February 1, 2008... World oil production is near its peak. Global oil depletion is a little more than 30 billion barrels per year, while the finding rate is much less at about 16 billion barrels per year. Peak oil means an inexorable decline is about to begin. It...

Find a top of the morning set-up.(Market Strategy)(Brief article)
February 1, 2008... The U.S. Treasury futures is an often overlooked market. Most traders--novice and professional alike--look at the grinding nature of the trade and assume there is no trade there. In fact, the bonds are a tremendous trade, and at $31.25 per tick...

ETFs and forex trading.(Forex Trader)
February 1, 2008... One of the important questions for 2008 will be whether the downtrend in the dollar will continue or change. The forex traders that succeed in picking a bottom in the dollar will reap significant rewards. Whether the November low will hold is...

Pinpointing entries across time frames: by breaking a market down to its essential elements, we can identify what indicators can be used to properly gauge that essence and tip the market's hand. Here, we walk through this process for the E-mini Russell.(EQUITY TRADING TECHNIQUES)
February 1, 2008... When trading highly leveraged auction markets, it's critical to stay on top of changes in the market environment with a strategic management approach that continuously reviews and enhances all aspects of a trading program. As you develop this...

A powerful strategy for energies in 2008: often, naked option positions just aren't right for the market. In these situations, credit spreads can provide both the protection and the upside you're after, particularly when lower margins are taken into account.(TRADING TECHNIQUES)
February 1, 2008... We've all witnessed the volatility in the commodity markets in 2007. Major moves in markets such as soybeans, crude oil and equities have reminded us that investing can be a thrill ride, no matter how you are positioned. For option sellers...

It's the close, stupid: in extremely volatile markets, like the energy sector has been recently, it is helpful to filter out some of the noise by focusing on closing prices, particularly their relationships to prior values.(TRADING TECHNIQUES)
February 1, 2008... A simple daily bar chart can be a powerful predictive tool. As traders, we all have, at one time or another, been guilty of making our analysis more difficult than it needs to be. On the one hand, we work to make our analysis rich enough to be...

The other side of midnight: sell S & P 500 futures after enjoying a nice dinner at your favorite restaurant, or buy Dax futures before your first cup of coffee. Thanks to recent innovations in communications technology, a world of opportunities awaits traders who ply their skills in the after-hours financial markets.(TRADING TECHNIQUES)
February 1, 2008... Few careers offer as much flexibility as trading. With a computer and Internet access, trading is a mobile vocation. In fact, you can get on a virtual train and travel around the world electronically to trade foreign markets without stepping a...

Techniques for trading Asian markets.(TECHNOLOGY & TRADING)
February 1, 2008... In the first installment of this series, we looked at what's available to the futures trader in the Asian arena. In this article, from the lessons learned from Nick Leeson to Tokyo's monetary policy, we examine the ins and outs of trading Asian...

OptionVue 5 options analysis.(Software Review)
February 1, 2008... OptionVue 5 Options Analysis 1117 S. Milwaukee Ave., Suite C-10 Libertyville, IL, 60048-9860 (800)733-6610 Email: info@optionvue.com Website: www.optionvue.com OVERALL RATING: Good/Excellent LEVEL: Beginner to...

Avoiding bad trades: bad trades can sink the best of trading intentions. While not all bad trades are avoidable, you can learn to avoid common mistakes that all traders make from time to time and put yourself in a better position to enjoy long-term success.(FUTURES 101)
February 1, 2008... When it comes to distinguishing a bad trade, perspective is everything. If you're only interested in immediate financial satisfaction, then the definition is simple: winning trade, good; losing trade, bad. How you came to profit is irrelevant....

Contingency planning for all sizes: there are more risks to running a managed funds business than bad trades and slippage. What would happen if your offices were not available because of a fire or contamination, or if a weather event prevented you from accessing your facilities?(MANAGED MONEY)
February 1, 2008... Having a plan for operational risks is just as important as the risk management in your trading program. The news is constantly bringing to our attention the fact that disasters occur. Whether it is the wild fire in California, flooding in...

Tops & bottoms of 2007.(TRADE TRENDS)
February 1, 2008... It was another banner year for the futures industry with record volumes, mergers and increasing share prices. The subprime crisis hit (the complete impact of which is still unknown); the commodity bull resumed and Chicago's major futures...

Rube Goldberg's regulatory legacy.(TRADE TRENDS)
February 1, 2008... The UK's Financial Services Authority oversees bankers, brokers and insurers, while the United States has more than 100 disparate federal and state agencies carrying out the same task. Last year, the U.S. Treasury asked if our system is broken...

Will U.S. SSFs rise to the surface?(Online Trading)(Single stock futures)
February 1, 2008... Around the world, more and more market participants are diving into single stock futures (SSFs). The asset class is booming in Europe on Euronext Liffe, Eurex and MEFF, on the South African Exchange (Safex)/JSE, on the National Stock Exchange...

2007 public funds returns (through Sept. 30).(Funds Review)(Statistical table)(Financial report)
February 1, 2008... Starting Unit value Change Trading Date unit through for Name of fund advisor(s) started value 9-30-07 2007 U.S. CLOSED Dean Witter ...

Contract dates.(Dateline)(Calendar)
February 1, 2008... 1 LTD: CME Live Cattle OF, Frozen pork bellies OF, BM & F IBrX-50 F, Alcohol OF, Euronext-Liffe Mar White Sugar OF [TABLE OMITTED] 5 LTD: CBOT Ethanol F 8 LTD: CME Currencies OF, Nybot Mar Sugar #14 F, BM & F Mar Arabica coffee...

Events coming up.(Conference news)(Calendar)
February 1, 2008... Call the numbers listed for more information. For other seminars, see the classifieds on pages 81-85. Futures' I-Trade Show. Free, on demand through Feb. 4. Go to www.futuresmag.com. The World Money Show. FEB. 6-9, 2008. Gaylord Palms...

Northfield Trading: upward bound.(Trader Profile)
February 1, 2008... Just about everything that Douglas Bry does is systematic and back-tested; so much so that his decision to become a trader seems almost impulsive by comparison. He remembers sitting on a plane in 1985, picking up a copy of Investor's Business...