Futures (Cedar Falls, IA) articles from June 2004

Futures (Cedar Falls, IA) archives from June 2004

Kickback boxing.(Editor's Note)(Chicago Board of Trade)
June 1, 2004... With the breakup of the Chicago Board of Trade (CBOT) and Eurex, and then the launch of Eurex US, it seems panels made up of futures exchange presidents are all the rave at various conferences. Last fall at the Futures Industry Association...

Mumbo jumbo?!(Sound Off)(Letter to the Editor)
June 1, 2004... In your May editorial ["Paper beats rock"], you made the following statements about gold reaching new highs: "This despite the near absence of inflation" and "Perhaps gold bugs should be thankful for the weakened dollar, their nemesis, which...

It's all about the capital: Eurex Global Clearing Link one step closer.(Trendlines)
June 1, 2004... While a lot of attention was paid to the battle over the U.S. Treasury complex with the launch of Eurex US, for some domestic futures commission merchants (FCM), the prize of the Eurex entrance into U.S. markets always was the Global Clearing...

Swap this: Enron seeks millions from brokers.(Trendlines)
June 1, 2004... While its accounting and trading scandal put an effective end to the run of Enron as one of the world's largest companies, it marked the beginning of years of lawsuits and complaints that may force Enron to live forever in the public...

Hot commodities: ISE to go public.(Trendlines)
June 1, 2004... If the International Securities Exchange (ISE) can't find a buyer in the mergers and acquisitions area, then it will sell itself to the public. In May, shortly after press reports stated plans for either Eurex or the CME to buy the ISE fell...

Old problem, new technology: bandwidth charges threaten 'free' data.(Trendlines)(Automated Price Injection Models)(Brief Article)
June 1, 2004... In retail brokerage, quotes have long been free to customers, with brokers figuring to make their money back on the round-turns. It's the same on the commercial side, only on a grander and more complex scale. And over the past few years, it's...

Grain's gravy train.(International News)(cuts in agri export subsidies)(Brief Article)
June 1, 2004... The wild ride in the grain markets may just be getting starting. EU Trade Commissioner Pascal Lamy sent a letter to World Trade Organization members offering to cut some of the $51 billion the EU spends each year on agricultural export...

Seeking simplicity.(International News)(iBoxx Ltc, TRAC-X LLC )(Brief Article)
June 1, 2004... Dazzled by the acronyms that pervade the nebulous world of credit derivatives? The sector may soon become a bit more focused: iBoxx Ltc and TRAC-X LLC announced they were planning to blend their various credit derivative indexes--which cover...

High wire act.(International News)(European Energy Exchange)(Brief Article)
June 1, 2004... The German and Scandinavian electricity markets have completed major upgrades, with Leipzig's European Energy Exchange (EEX) integrating its operations with those it acquired last year from Deutsche Boerse and NordPool, launching a new clearing...

Thailand set to trade.(International News)(agricultural commodity futures exchange launched)(Brief Article)
June 1, 2004... Thailand's first agricultural commodity futures exchange is scheduled to open May 28, offering rice and rubber as the two initial contracts to be traded. One of the main goals of the fully electronic Agricultural Futures Exchange of Thailand is...

India coming on strong.(International News)(potential of indian derivative market)(Commodity Futures Trading Commission)(Brief Article)
June 1, 2004... While many traders and brokerage firms are wetting their lips at the budding Indian derivative markets and potential clients among India's burgeoning middle class, the CFTC isn't getting left behind. In April, the CFTC and the Securities and...

China welcomes investment.(International News)(Brief Article)
June 1, 2004... China's economic growth seems unstoppable despite recent efforts by China's government to slow the pace. Still, China is moving on with new investments. BNP Paribas plans to apply in mid-May for a derivatives license in China to meet fixed...

A numbers game: report-based contracts in vogue.(Trendlines)(securities' dependence on reports)(Brief Article)
June 1, 2004... Both speculators and hedgers place a great deal of importance on economic statistics. Trades are often made and hedged based on where a report will come out--be it employment numbers, grain carryout or energy inventory statistics. But,...

Esposito joins OneChicago.(Trading Places)(Mark Esposito)(appointments)(Brief Article)
June 1, 2004... Single stock futures have a new ally. Options trader Mark Esposito has joined OneChicago as a project coordinator. SSF trading hasn't become as popular as quickly as was expected, and more than a year after its debut, SSF exchange...

Hedge funds: a $1 trillion business?(Managed Money Review)
June 1, 2004... Estimating the size of the hedge fund universe is a tricky venture--akin to counting gnats around a porch light. Growth in hedge funds has been widespread and well documented and is one of the reasons cited by the Securities and Exchange...

Is gold run over?(Hot Commodities)(gold rates)(Brief Article)
June 1, 2004... Since gold began its impressive move more than three years ago, it has had several significant corrections but it continued to register higher highs and higher lows, confirming the long-term trend. That streak was broken in February and again...

Let the tightening begin.(Hot Commodities)(increase in interest rates)(Brief Article)
June 1, 2004... Not long ago, the common wisdom was that the Federal Reserve Board would not move to increase interest rates significantly until after the November U.S. Presidential election, but the May payroll data--the second consecutive...

Will farmers choose cotton?(Hot Commodities)(commodity traders speculations)
June 1, 2004... Fear of China slowing its fast-moving economy has caused many commodity markets to suffer drawbacks, cotton among them. Prior to the Chinese scare the bearish outlook for cotton was due to the March USDA planting intentions report, nearly 1...

Higher yields may surprise dollar bears.(Market Strategy)
June 1, 2004... The year 2003 will be remembered for a simultaneous rally in stocks, bonds, commodities and foreign currencies with only the dollar falling. But the global reflation trade looks to be coming unwound as interest rates are now on the rise. Given...

I dream season for grain traders: grain traders no longer need to daydream. The summer they often long for finally has arrived. Soybeans are experiencing 25-year highs, corn is set for a wild ride and wheat, with its short supply, could be headed for major moves. But is this volatility manageable?(Markets)
June 1, 2004... It took more than 20 years, but it is finally back--a roaring soybean bull market. And whether you are a veteran who remembers the spectacular highs of the 1970s or a trader who weathered the peaks of the 1980s, to cope with today's beans,...

The China (forex) syndrome.(Forex Trader)(foreign exchange rates)
June 1, 2004... The 1979 movie The China Syndrome referred to the risk that a nuclear meltdown in the United States could theoretically go through to the other side of the world: China. The same concept applies to forex trading, describing how the Chinese...

Joe Terranova: taming lions; The Boss George Steinbrenner calls on Joe Torre to manage what is generally considered the most talented team in baseball. Mark Fisher, the boss at the largest clearing firm on Nymex, calls on Joe Terranova to manage one of the most talented staffs of traders. Here's how Terranova does it.(Futures Interview)
June 1, 2004... On Monday, Aug. 19, 1991, hard-line communists in Russia announced they had ousted Mikhail Gorbachev. Later that day, as the markets opened in New York, Mark Fisher was buying crude oil. [ILLUSTRATION OMITTED] Alongside the crude oil...

I new strategies for the E-mini: electronic markets offer considerable convenience, particularly for small upstairs traders. However, they bring with them new features, new data and new tools for the markets. Understanding these innovations is core to succeeding today.(Trading Techniques)
June 1, 2004... Seismic shifts have occurred in the trading of commodities futures' landscape. In part, this has been due to the Internet, specifically, but generally is due to the pervasive overlay of technology on the way in which markets are accessed. The...

A six pack of oil indicators: the energy markets are notorious for their volatility and price shocks. This makes them a unique challenge for the analyst. These six oil market indicators are a good start for keeping on top of price expectations for crude oil.(Trading Techniques)
June 1, 2004... Rattlesnakes have the admirable quality of warning before they strike. Speaking of Opec, should not this paragon of petroleum follow suit and provide adequate and fair warning of its intentions? No, and none is necessary: The internal...

Getting your S & P fix with the Vix: some traders are quick to discount the Vix volatility index as an overrated technical tool. In many cases, they just aren't analyzing it correctly. Here we show how to use the Vix and the Spearman rank correlation coefficient to time the S & P 500.(Trading Techniques)
June 1, 2004... Since its inception, the Chicago Board Options Exchange's (CBOE) Volatility Index (Vix) has been one of the best market timing tools available. Combined with the statistical analysis tools available in spreadsheet software, such as Microsoft...

Trading with risk control: here's a new oscillator that helps to solve the problem of risk management in rule-based trading systems by helping you anticipate consolidation periods when an indicator may better serve as a sign you should stay flat rather than initiate another trade.(Equity Trading Techniques)
June 1, 2004... Risk management is a stumbling block of many rule-based trading strategies. Even if you select excellent stocks for trading, to preserve both your initial trading capital and accumulated profit, some risk control tools are necessary. Here,...

Managing your technology risk: money management is a large ingredient to long-term trading success, but in today's modern electronic markets, technology management is just as important. Here, we'll offer some sound suggestions for building a proper technological foundation for your trading business.(Technology & Trading)(Cover Story)
June 1, 2004... The quickest way to lose money in online futures trading is to have your computer crash in the middle of a trade. A common horror story goes like this: "I had just sold short several E-mini S & P contracts when my worst nightmare...

Better trading with seasonals: seasonal analysis is easily abused and often is by less-than-honest trading system vendors. However, with the right know-how, you can build dynamic, portfolio-level seasonal-based systems that perform significantly better than more well-known trading strategies.(Technology & Trading)
June 1, 2004... Many markets have recurring price patterns based on cyclical fundamental factors. These recurring forces, called seasonality, may be observed by studying market activity by day-of-week, month or year using a technique commonly referred to as...

Connecting overseas.(Online Trading)
June 1, 2004... You'd be surprised at the many places you can access trading education. While not as common as with the U.S. exchanges, some international exchanges do offer educational services for traders. Here is a rundown of some overseas information you...

Making the most of Ag spreads: with all of the volatility in grains and soybeans right now, traders are either trying to get in or being cautious. A good way to try this and other agricultural markets is with spread trading, which offers lower margins.(Futures 101)
June 1, 2004... As a new trader with low capital it's treacherous to put up a large amount of money on one trade, and experienced traders also may not want to risk a lot on one transaction. Trading spreads is one solution for such traders. Lower overall...

An alternative to your alternative: there is a stubborn element of the professional investment industry that likes to maintain that trend following doesn't work. Despite this, trend-following has flourished in recent years and surprisingly this success--and not its failure--has prompted an increase in non trend-following managed futures programs.(Managed Money)
June 1, 2004... Defining managed futures strategies and hedge fund strategies is difficult because people tend to put futures in its own category despite varying methods of trading. There are equity style trading strategies that can be executed through a...

SEC deliberates bad practices: when the SEC put out a concept release in February exploring controversial practices within the equity options exchange arena, to some it was deja vu. Exchange leaders were happy to share their opinions with their regulator on payment for order flow and internalization; in fact, they had been doing so for years.(Trade Trends)(Securities and Exchange Commission)
June 1, 2004... If there is one thing the now six equity options exchanges seem to agree on it is that payment for order flow (PFOF) is an insidious practice within the industry that along with its inherent conflict of interest, takes liquidity away from the...

Ore Software has entered the order routing arena for cash and derivatives with the use of trading network Orc ExNet.(Services)(Brief Article)
June 1, 2004... Orc Software has entered the order routing arena for cash and derivatives with the use of trading network Orc ExNet. The service enables traders to access all the main equities and derivatives markets around the world via any other Orc Software...

Mansfield Visoiu Capital Management (MVCM).(Services)(website launch)(Brief Article)
June 1, 2004... Mansfield Visoiu Capital Management (MVCM), which provides foreign currency money management services has launched its Web site www.brilliantfunds.com. MVCM also provides free forex quotes, charts and news and a free newsletter. Seminars are...

Interactive Brokers.(Services)(Interactive Brokers L.L.C.,)(Brief Article)
June 1, 2004... Interactive Brokers has introduced a new "Unbundled" futures commission structure that provides its professional customers with a way to benefit from lower exchange product fees and provides discounts for volume. The new fee schedule explicitly...

Prophet Trade Portal.(Services)(foreign exchange services)(Brief Article)
June 1, 2004... Prophet Trade Portal, a new forex service, is now available at www.prophettrade.com. A $50,000 paper trading account is provided for free. Live online instant support is available weekdays from 8:30 a.m. to 3:00 p.m. Eight currency pairs and...

www.advfn.com.(Internet)(online stock information services)(Brief Article)
June 1, 2004... www.advfn.com, a U.K. stocks and shares Web site, now offers quotes and streaming charts for stocks listed on the Toronto Stock Exchange and the TSX Venture Exchange, Canada's venture capital marketplace, as well as a host of Canadian indexes....

FutureSource has launched FutureSource Xtra 5.3.(Internet)
June 1, 2004... FutureSource has launched FutureSource Xtra 5.3, a new version of its real-time browser-based analysis application. The new program includes a simplified installation process, a new Web site and additional product functionality for technical...

Contract dates.(Dateline)(Calendar)
June 1, 2004... 1 FND: BM & F Alcohol F, Nymex Palladium F, Platinum F. LTD: BM & F Alcohol OF. 2 FND: BM & F Jul Cotton F. 4 LTD: CME Australian dollar OF, Canadian dollar OF, CME $ Index OF, Euro FX OF, Live cattle OF, N.Z. dollar OF, Pound OF, Rand...

Events coming up.(Calendar)
June 1, 2004... Call the numbers listed for more information. For other seminars, see the classifieds on pages 84-89. Managed Funds Association Forum 2004. JUNE 14-16. The Waldorf-Astoria, New York. www.mfainfo.org. (202) 367-1140. Futures and Options...

Endre Kovacs: soybean goulash.(Trader Profile)
June 1, 2004... Endre Kovacs says he is ready for the changes that Hungary's May 1 entry into the European Union will have on his business. "The EU Commission in Brussels will be buying up farmers' stocks at an 'intervention price' [under the EU's Common...

eSignal--award-winning, real-time global data, advanced technical analysis and integrated trading.(Advertorial)(eSignal)(Advertisement)
June 15, 2004... Data reliability has always been eSignal's strong suit. and recently, the company has extended its offering beyond the basic U.S. and European exchanges to include more than 85 exchanges from around the world on all instruments, including...

From a name you trust--quotes, charts, news and more now available on your favorite PDA.(Advertorial)(eSignal)(QuoTrek)(Advertisement)
June 15, 2004... eSignal has recently introduced (or, more appropriately, RE-introduced) wireless quotes, charts and news in a service called QuoTrek. The trading community remembers the original QuoTrek, introduced by eSignal in the 1980s, as a revolutionary...

A versatile tool for demanding traders.(Advertorial)(DTN Market AccessE ProphetX software)(Advertisement)
June 15, 2004... ProphetX, from DTN Market Access, is the most robust trading solution in the Commodity, Energy, and Financial Futures trading markets. ProphetX delivers powerful analytics combined with streaming, real-time market data and advanced news display...

Power, price, Service--trade better today: get it all with fidelity's active trader services (1).(Advertorial)(Fidelity Active Trader Pro)(Advertisement)
June 15, 2004... With Fidelity's Active Trader Services, you get the power you need, the price you want, and the individual service you deserve. Fidelity recently enhanced its Active Trader Services--allowing you to trade for as low as $8 (2) and at the fastest...

Honesty and innovation; forex trading built on proven practices and forward thinking.(Advertorial)(GFT)(Facilitated Systems)(Advertisement)
June 15, 2004... With these two words literally rooted in our company values, our new generation of products didn't put us in the position of being a world--leading forex broker. Thousands of satisfied clients and businesses worldwide drive every component of...

Alphabetical company listings.(Directory)(Illustration)
June 15, 2004... Listed here are companies that have computerized trading-related products and services featured in the listings beginning on page 44. Here you will find each company's address, phone and fax numbers, as well as the categories in which it offers...

Global Futures Exchange & Trading Company, Inc.: www.GlobalFutures.com.(Advertorial)(Advertisement)
June 15, 2004... Established in 1998, Global Futures Exchange & Trading Company, Inc. (GFETC) is located in Encino, California with 2 branches in Florida and South Carolina. GFETC (NFA and CFTC registered) is one of the largest independent introducing brokerage...

Lime Brokerage: brokerage services for automated and sophisticated traders.(Advertorial)(Advertisement)
June 15, 2004... At Lime Brokerage, automated trading is our specialty. We serve professional traders, hedge funds and institutions requiring automated executions on the NYSE, AMEX, NASDAQ, and all major ECNs, as well as CME and CBOT. [ILLUSTRATION...

Lind simulated trading: practice builds confidence.(Advertorial)(Advertisement)
June 15, 2004... Skill comes from practice. It's true in sports and music. and it's true in futures trading. The more you practice, the better you should become. Simulated trading is a great way to get the practice you want to develop the skill you need, even...

Traders International: learn simple, powerful and precise trading methods through live market online mentorship.(Advertorial)(Advertisement)
June 15, 2004... Founded in 1998. Traders International has become a leading educational company in the trading industry with a worldwide student base utilizing the top ranked TIMES trading strategy. THE MARKETS AND THE METHOD The inherent liquidity...

Product listings.(Directory)
June 15, 2004... This list includes the names of specific products and services offered by the companies in this year's Guide. These are actual product names, not generic descriptive terms, so if you know the product you're looking for but not the company that...

Futuresmag.com: portal to the (trading) stars.(Advertorial)(Advertisement)
June 15, 2004... Futuresmag.com is a true web site for serious traders. As an information and education source, futuresmag.com, the web site of Futures Magazine, provides daily updates on markets, news and strategies that can help you become a better trader....

Products & services.(A-M)(Directory)
June 15, 2004... This directory lists companies that offer products or services of interest to traders, investors or firms using a computer to trade or for trading-related business. Listed in alphabetical order by company, each listing includes the product...

Products & services.(N-Z)
June 15, 2004... N NANCY MROCZEK, PHD/CTA info@nancymroczek.com www.nancymroczek.com Behavior/Self Management for Trading Consultation service by phone for behavior and self management related to trading of futures and options. (EDU,...

Pricecharts.com: a comprehensive and daily look at the worldwide futures markets is at your fingertips night and day.(Advertorial)(Brief Article)(Advertisement)
June 15, 2004... Pricecharts.com was developed by the editors and market analysts of Commodity Price Charts, to provide traders of all skill levels with frequent and easy access to market data for spotting the next big market moves. PRICECHARTS.COM...

XPRESSTRADE: online futures and forex trading. Anytime. Anywhere.(Advertorial)(Advertisement)
June 15, 2004... Futures and forex traders everywhere are choosing XPRESSTRADE. Some love our web-based system that requires no software. Others can't live without our special orders. Everyone raves about our customer service. Whatever you're looking for in an...