Futures (Cedar Falls, IA) articles from July 2007

Futures (Cedar Falls, IA) archives from July 2007

Consumption.(EDITOR'S NOTE)(investments and United States)
July 1, 2007... Just a week before government bonds plunged causing 10-year U.S. Treasuries to hit their highest yields in five years, investment manager Jim Rogers told an audience that they should stay away from bonds unless they knew how to go short. ...

DOJ okays Chicago tie up: CBOT bids go to the wire.(Trendlines)(Chicago Board of Trade)(Chicago Mercantile Exchange)(Department of Justice)
July 1, 2007... In the run up to the July 9 shareholder vote on the potential acquisition of the Chicago Board of Trade (CBOT) by the Chicago Mercantile Exchange(CME), the action has been fast and furious, with revised bids from both the CME and the...

In with the crowd: credit derby.(Trendlines)
July 1, 2007... With three years of triple-digit growth, the market for credit default swaps has been growing like crazy, observes Brad Bailey, senior consultant for the Aite Group LLC. So it is no wonder futures exchanges are lining up to get in the game. But...

Beyond the spotlight: alliances proliferate.(Trendlines)
July 1, 2007... With all the attention focused on major mergers and acquisitions among exchanges, it's easy to forget that less committal cooperative alliances are proliferating across the globe, and have been for years. What's more, several of these...

Reloading: RJO takes on partners.(Trendlines)(R.J. O'Brien and Associates Inc.)
July 1, 2007... One of the oldest private futures brokers is taking on partners in an attempt to capture more market share as futures continue to display dynamic growth. R.J. O'Brien & Associates, Inc. (RJO), has reached a definitive agreement with private...

See you in court: TT patent case end?(Trendlines)
July 1, 2007... A judge has denied Trading Technologies International Inc.'s (TT) request to push back the patent infringement trial scheduled for June 28. TT had argued that defendants eSpeed Inc. and eSpeed International Inc., Ecco Ware LLC and Ecco LLC, GL...

Correction.(Correction notice)
July 1, 2007... We erred in our description of Taiwan in "Asia: Almost here," June 2007. Taiwan is a democratically-elected government not under China's control. Futures regrets the error.

Chartview: fear at an all-time high.(Trendlines)(Chicago Board Options Exchange )(Volatility Index )(Brief article)
July 1, 2007... The CBOE Volatility Index (VIX) options contract is on fire, trading a daily volume record of 277,260 contracts in mid May, besting the record of 208,872 contracts set a week prior. In April, the average daily volume of the market volatility...

It ain't over: Klein gets day in court.(Trendlines)
July 1, 2007... The Supreme Court of the United States has agreed to review Klein & Co. Futures Inc.'s lawsuit against the New York Board of Trade (Nybot) and its subsidiaries, which was dismissed by the New York Second Circuit Court of Appeals, upholding a...

ICE closes another deal.(International News)(IntercontinentalExchange Inc)(Brief article)
July 1, 2007... ICE entered a definitive agreement to acquire the commodity trading business of ChemConnect Inc., an electronic marketplace for the $150 billion U.S. natural gas liquids (NGL) and chemicals markets. ChemConnect's product offering includes...

CME London clearing a go.(International News)
July 1, 2007... The CME has been given the green light to extend its clearing services to London, where it will be able to clear OTC derivatives transactions and its FXMarketSpace products. That brings the exchange into direct competition with EDX, the...

Foreign ownership stalemate.(International News)
July 1, 2007... Western exchanges and banks have been scrambling for a piece of India, but now the Reserve Bank of India says it's officially opposed to giving non-Indian firms too much of a stake in domestic commodity brokers. The announcement signals...

TSE signals buying binge.(International News)
July 1, 2007... Tokyo Stock Exchange (TSE) boss Atsushi Saito says the TSE might float shares by the end of next year--a few months earlier than expected--and it's no coincidence that he's hired three banks known for their mergers-and-acquisitions expertise to...

Sour crude: the new black.(International News)
July 1, 2007... On opening day, the Dubai Mercantile Exchange, a joint venture between the New York Mercantile Exchange Inc. (Nymex), Tatweer, a member of Dubai Holdings and the Oman Investment Fund (OIF), traded more than 2,800 physically settled Oman crude...

Fimat Japan.(International News)
July 1, 2007... In May Fimat signed a final asset purchase agreement with Japanese commodity broker Himawari CX. To host its Japanese commodities business Fimat has established Fimat Japan Inc. As part of the agreement, once regulatory approvals are obtained,...

Warren now leads CME equity indexes.(Trading Places)
July 1, 2007... Scot E. Warren is now managing director of equity index products at the Chicago Mercantile Exchange (CME). Previously he was manager of the trading and business analysis team at Goldman Sachs and managed the equity and option execution and...

Thomas Bakas is now general manager for institutions at the HedgeStreet Exchange.(Trading Places)
July 1, 2007... Thomas Bakas is now general manager for institutions at the HedgeStreet Exchange. Previously he was managing director for financial market development at the Chicago Board of Trade.

Leslie Rahl will join the board of directors at CIBC.(Trading Places)
July 1, 2007... Leslie Rahl will join the board of directors at CIBC. She is president of Capital Market Risk Advisors.

Managed Funds Association.(Trading Places)
July 1, 2007... Marc T. Charon is now executive vice president and chief administrative officer at the Managed Funds Association.

Mesirow Financial.(Trading Places)
July 1, 2007... Thomas C. Willis and Thomas R. Willis, founding principals of Willis Trading Group LLC, have joined Mesirow Financial.

Investment Technology Group Inc.(Trading Places)
July 1, 2007... Richard A. Herr has joined Investment Technology Group Inc. as senior vice president of strategic and business development.

Jeffrey Linderman has joined the TABB Group as a senior research analyst.(Trading Places)
July 1, 2007... Jeffrey Linderman has joined the TABB Group as a senior research analyst. Previously he was at KBC Alternative Investment Management.

Richard Fleischman & Associates.(Trading Places)
July 1, 2007... Donald Previti is now director of business development for Richard Fleischman & Associates.

John Zoraian has joined River Edge Capital Partners.(Trading Places)
July 1, 2007... John Zoraian has joined River Edge Capital Partners. Previously he was a senior manager at Atticus Capital.

Superfund Asset Management.(Trading Places)
July 1, 2007... Larry Reno was named head of marketing and communications for Superfund Asset Management.

MFA prepares for future.(Managed Money Review)
July 1, 2007... At the Managed Funds Association (MFA) forum conference in Chicago this June hedge fund professionals reiterated the need for continued education and dialogue with regulators and the media as the industry continually faces the threat of...

Bonds plunge.(Hot Commodities)(rates of treasury bonds)(Brief article)
July 1, 2007... Futures on 30-year Treasury bonds plummeted from a high of 112-09 in mid May to 105-10 a month later. "We are looking at a situation where rates are more reflective of reality," says Harold Lavender, an independent broker and trader. The causes...

Will bean rally hold?(Hot Commodities)
July 1, 2007... Since April 23, soybeans have been trending up strongly, shooting from $7.40 per bushel to $8.50. Jerry O. Gidel, grain analyst with North America Risk Management says the marker will be watching the weather, rather than USDA statistics from...

Loonie looks smart.(currency analysis of Canada)(Brief article)
July 1, 2007... Since February the Canadian dollar has appreciated 11.5% against the U.S. dollar, achieving a 30-year high, notes Dean Popplewell, currency analyst for Oanda Corp. "The economy is extremely sound. The world is captivated by oil prices, and...

Options strategy.
July 1, 2007... Question: How can you gain a better understanding of the risk/reward potential of an options position? Answer: Profit/loss tables and risk graphs can provide visuals We have all heard the adage. "A picture is worth a thousand words."...

Forecasting world agricultural production.(Market Strategy)
July 1, 2007... The Special Sensing Microwave Imager (SSMI) measures the temperature in the canopy and the level of moisture in the soil from both precipitation and irrigation. Because the signal is in the microwave spectrum, similar to our cell phones,...

Can the U.S. consumer beat the house? When the Fed ended its historic series of 17 consecutive rate increases one year ago, there was some expectation they might move economic policy from the stick to the carrot. But for every positive economic sign there seems to be an equal and opposite negative sign keeping policy steady.(MARKETS)(Cover story)
July 1, 2007... In early May. Federal Reserve Bank Chairman Ben S. Bernanke and the Federal Open Market Committee unanimously voted to keep the Federal Funds rate unchanged at 5.25%, where it has sat since June 29, 2006. The Fed cited two primary concerns:...

Tech talk: cycles turn down.(MARKETS)
July 1, 2007... The March 2003 Futures "Tech Talk" in "Stocks at war" displayed an analysis that clearly projected the Dow Jones Index making a bottom. In fact, the article stated, "We are confident in the model's current forecast, which projects a major...

Eye on the yen.(Forex Trader)
July 1, 2007... As summer reaches its zenith, the world economy and its central banks do not take vacations. The appeal of the forex market is that it continues to flow through the seasons. Prices move in alternating waves of bullish and bearish sentiment and...

Knowing your sweet spot: the common response to a bad stock purchase may simply be "get out," but such reactions only ensure that you exit with a loss. But becoming married to a bad trade is just as bad. The trick to success is knowing how long is too long to hold onto a poor-performing stock.(EQUITY TRADING TECHNIQUES)
July 1, 2007... No matter how much an account is diversified, all the eggs are still in one basket known as "equity." Absent any concrete evidence that a stock purchase was sound, investors often panic and sell too early. Or, the notion of "in for a penny, in...

VIX, it protects and diversifies: in 1993, with little fanfare, the Chicago Board Options Exchange (CBOE) introduced an index of volatility. Since, the commonly cited VIX Index, which many market analysts use as a forecasting tool, has grown in importance and stature.(TRADING TECHNIQUES)
July 1, 2007... The Volatility Index, or commonly known as VIX, was designed to track the level of implied volatility of S & P 500 Stock Index (SPX) options, which are cash-settled index options based on the S & P 500 Stock Index. BACKGROUND Implied...

Three-dimensional trading: options trading is a three-dimensional game comprising direction, timing and volatility. But that doesn't mean you have to correctly forecast all three to profit. There is a more sensible way to approach options trading.(TRADING TECHNIQUES)
July 1, 2007... Most casual retail option traders not only believe that they have the ability to pick the correct direction of the underlying security, but they also think they can get the timing right as well. Unfortunately, many options bought under such...

Spread trading alchemy: most experienced traders are familiar with financial futures and their intra- and inter-contract spread markets, but not so many understand how spreads allow risk profiles to be changed to order.(TRADING TECHNIQUES)
July 1, 2007... Exchange-traded financial futures are well-used, highly liquid instruments, offering regulation, standardization, transparency and removal of counter-party risk. They are usually the first point of liquidity for a hedge fund or institution that...

Channeling T-note futures: the channel of differences between yields on nominal T-note futures and actual cash Treasury yields can forecast when T-note prices should go higher or lower based on variations of Treasury yields around the channel. This information can help you position yourself ahead of a big move.(TRADING TECHNIQUES)
July 1, 2007... A lot can be learned from differences between the cash and futures markets of the same underlying. Consider the difference between the nominal yields on Treasury note futures and the yield on the actual T-notes. This spread varies with changes...

The Forex Trading Expo[SM]: the premier convention for forex traders.
July 1, 2007... Attend the ONLY Expo Exclusively for Currency Traders! September 15-16, 2007 Mandalay Bay Resort & Casino Las Vegas, Nevada [ILLUSTRATION OMITTED] Register to Attend FREE! 3 Reasons Why Attending The Forex Trading...

Trade signal building blocks: moving averages continue to be popular technical tools for determining trends and trading signals. While there are several ways to use them, some are regarded as more effective than others.(FUTURES 101)
July 1, 2007... While some technical indicators are more popular than others, few have proved to be as objective, reliable and useful as the moving average. Technical traders track the trends of financial assets by smoothing out the day-to-day price...

SuperCa$h: The New Hedge Fund Capitalism.
July 1, 2007... SuperCa$h: The New Hedge Fund Capitalism By James Altucher John Wiley & Sons, Inc. 211 pages, $49.95 Since the number of hedge funds has recently mushroomed past 8,000, exceeding the number of mutual funds, a plethora of books...

Commodities Rising.
July 1, 2007... Commodities Rising By Jeffrey Christian John Wiley and Sons $27.95, 250 pages Jeffrey Christian is a leading authority on global commodity markets. Having started his career at metals giant J. Aron, Christian moved on to...

MetaStock Pro (Real Time); MetaStock End-Of-Day.(Software Review)
July 1, 2007... MetaStock Pro (Real Time); MetaStock End-Of-Day Equis International 90 South 400 West, Suite 620 Salt Lake City, UT 84101 (800) 508-9180 E-mail: sales@equis.com www.equis.com OVERALL RATING: Excellent LEVEL:...

Commodity indexes getting more complex: while passive investment dollars are still flowing to funds benchmarked to long-only commodity indexes, a little more care is being taken as per the weighting of those dollars.(MANAGED MONEY)
July 1, 2007... The explosive growth that marked the long commodity index sector of recent years continues, but new money is looking to take advantage of sectors that have lagged the overall commodity growth, particularly agricultural commodities. The...

The multi-tentacled global exchange: the long-awaited worldwide exchange merger mania is finally upon us, but the worldwide exchange itself remains tantalizingly just out of reach--or does it? Here's a look at cross-border mergers and what's driving them.(TRADE TRENDS)(Company overview)
July 1, 2007... RTS Supervisory Board Chairman and University of Karlsruhe Professor Jorg Franke knows a thing or two about global exchanges. He's the man who built up the screen-based Deutsche Terminborse (German Derivatives Exchange, DTB) throughout the...

Contract dates.(Dateline)(Calendar)
July 1, 2007... 2 LTD: BM & F Cotton F, CME Jun Weather F, Euronext-Liffe Aug White sugar OF. [TABLE OMITTED] 5 LTD: CBOT Ethanol F. 6 LTD: CME Butter OF, Jun Frozen Pork Bellies OF, Live cattle OF, Butter OF, Currencies OF, Pork bellies, frozen...

Events coming up.(Calendar)
July 1, 2007... Call the numbers listed for more information. For other seminars, see the classifieds on pages 69-73. SFOA 28TH Burgenstock Meeting. SEPT. 5-8. Montreux, Switzerland. http://burgenstock.sfoa.org. Forex Trading Expo. SEPT. 15-16....

Hansen: being right even when wrong.(Trader Profile)(Jon Hansen )
July 1, 2007... Approximately 90% of the options sold in the Censura Technical Entry/Option Writing Trading Program expire worthless. In that sense Censura and its principal Jon Hansen operate a typical option writing strategy. However, Hansen targets certain...