Futures (Cedar Falls, IA) articles from June 2005

Futures (Cedar Falls, IA) archives from June 2005

Go with the flow.(Hedge fund regulations)(Editorial)
June 1, 2005... "We are bringing our life experiences to this... project," says Mr. Merton, who argues that the collapse of LTCM "has shown me how quickly things can go up and down; all that is useful for building a new company." Financial Times, May...

Forex rules.(Sound Off!)(Brief Article)
June 1, 2005... What CFTC rule allows a manager to trade managed accounts without being a CTA as long as the forex dealer is registered? ["Forex only funds go mainstream," April 2005]. Bruce C. Kramer, via e-mail Cynthia Cain, director, planning and...

Defining VHF.
June 1, 2005... What is the VHF indicator? ["Going wide with VHF indicator," April 2005]. Richard Randall, via e-mail David Sepiashvili responds: VHF = {H(n) - L(n)} / S(n). Where: H(n) is highest price in n-periods; L(n) is lowest price in...

Correction.(Correction Notice)
June 1, 2005... Correction: In Sheldon Knight's sidebar in the article "Out of sample, out of mind," April 2005, the last sentence of the second paragraph on page 57 should read: "In the final pass, use these parameters for the second month of 1998."

Battle escalates: TT turns up the heat.(Trading Technologies Inc)
June 1, 2005... When Trading Technologies Inc. sued Refco, one of its largest customers, for patent infringement, executives at TT at a March industry conference said they didn't feel the suit would affect their existing agreements with Refco--after all,...

Auf wiedersehen, Herr Seifert: shareholders flex muscle, exchanges cringe.(Trendlines)
June 1, 2005... When the door slammed behind Deutsche Boerse boss Werner Seifert on May 9, frames around the world rattled--not least in Osaka, Japan, where you can bet exchange bosses are weighing the consequences of the protracted battle between the Deutsche...

IPO setup: plans go forward.(Initial public offerings)(Brief Article)
June 1, 2005... As the Chicago Board Options Exchange (CBOE) formally initiated its offer to purchase exercise rights from CBOT full members, the CBOT moves ahead with its IPO. CBOE has established a $50 million line of credit to be used to purchase the...

Merger mania: NYSE may set off domino effect.(New York Stock Exchange)(Brief Article)
June 1, 2005... The proposed merger of the NYSE with Archipelago Holdings Inc. shook up the exchange world and was a catalyst for other deals like the Nasdaq Stock Market Inc.'s purchase of Instinet. But neither are done deals and the NYSE/Archipelago deal...

Chartview: a profitable model.(Brief Article)
June 1, 2005... Several exchanges including the Chicago Board of Trade, the New York Mercantile Exchange and the Intercontinental Exchange are hurrying to demutualize, IPO and replicate the successes of the Chicago Mercantile Exchange, which demutualized on...

Two Chicago? CME to launch security futures products.(Chicago Mercantile Exchange)(Brief Article)
June 1, 2005... The CME will foray into the world of security futures products (SFPs) with plans for a June 6 launch of three futures contracts based on exchange traded funds (ETFs): the Nasdaq-100 Index Tracking Stock, the S & P 500 Depositary Receipts and...

Moscow on the Danube?(International News)(Brief Article)
June 1, 2005... Nymex and the Budapest stock and commodity exchanges want to trade Urals oil futures in the Hungarian capital. At present, Urals is not traded on an exchange. Russian oil is sold at a discount to Brent crude, which accounts for 2% of global...

IPO fever.(International News)(Bolsas y Mercados Espanoles anounced IPO)(Brief Article)
June 1, 2005... Bolsas y Mercados Espanoles (BME), the holding company for the Spanish Exchanges, announced IPO plans for the Spanish market in May as they posted record profits for 2004. BME's net profit for 2004 was [euro]69.2 million, an increase of 18%...

30-year bond to return?(International News)(Treasury Department to restart the bonds)(Brief Article)
June 1, 2005... The U.S. Treasury Department is considering reinstating the 30-year bond, a decision it will announce at the August quarterly refunding meeting. The Treasury stopped issuing the bond in October 2001 despite that government surplus projections...

Clearing Japanese futures.(International News)(Brief Article)
June 1, 2005... A change in the way Japan regulates futures exchanges may bring in more overseas business. Players have stayed away from the market due to the risk associated with Japanese commodities, but Japan's Financial Services agency is introducing...

Financial futures from Chicago to Asia.(International News)(Shanghai Futures Exchange and Board of Trade of the City of Chicago sign MOU)(Brief Article)
June 1, 2005... The CBOT and the Shanghai Futures Exchange (SHFE) have signed a MOU to develop new products, including financial futures. They will work on researching and developing products for the Shanghai market and not on offering CBOT products to...

33 years of Futures ...(Trendlines)
June 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...

April showers ...(Managed Money Review)
June 1, 2005... The managed money community is hoping the axiom, "April showers bring May flowers," holds true as the entire hedge fund community took it on the chin in April. Commodity trading advisors, who on the whole performed poorly in the first quarter,...

Aaronson new CEO of PlusFunds Group.(Trading Places)
June 1, 2005... Paul Aaronson has been named chief executive officer of PlusFunds Group Inc. Previously, Aaronson served as executive managing director of Standard & Poor's, responsible for the portfolio services group, which develops, calculates, disseminates...

Long bond may be back.(Hot Commodities)(Brief Article)
June 1, 2005... The announcement that the U.S. Treasury Department could auction $20 billion to $30 billion in new 30-year Treasury bonds a year, starting in 2006, sent bond prices lower. A decision is expected on August 3. Timothy Bitsberger, assistant...

Dollar at crossroads.(Hot Commodities)(Brief Article)
June 1, 2005... While the dollar has recorded impressive gains of late despite its four-year downtrend, it is unclear whether the recent strength is simply a correction or the beginning of a real turnaround. [GRAPHIC OMITTED] "The dollar has been in...

Not so nifty $50.(Hot Commodities)(Brief Article)
June 1, 2005... Nothing cures high prices like high prices, unless demand remains high. This appears to be where the crude oil market is at right now. "It all comes down to how well the economy is surviving the high price of oil," says Phil Flynn, vice...

Dow on the range.(predictions on stock prices)(Brief Article)
June 1, 2005... John Welsh, senior VP at PFG Inc., says the Dow is stuck in a long-term trading range and is going nowhere. But if it does break out of that range, he says the move would be more likely up than down. [GRAPHIC OMITTED] "There's an...

Who will win ... supply or demand? The long term picture appears clear: economic conditions have set the landscape for continued commodities growth. But what about this growing season? Will strong supply in soybeans, corn and wheat keep prices low? Or, will beans, with strong demand and Asian rust potential, create volatility and higher prices?(MARKETS)(Cover Story)
June 1, 2005... Supply has been on the minds of traders for months now, and the numbers are consistently large. The United States Department of Agriculture's (USDA) April 8 report predicts 2.215 billion ending stocks for corn, 541 million ending stocks for...

Tis the season to trade soybeans.
June 1, 2005... Summer provides a combination of decreased volatility in equity markets and increased volatility in grain markets, shifting many traders' attention during the growing season. From the beginning of early spring, traders and commercial interests...

Yuan to the yen rescue?(Market Strategy)
June 1, 2005... Japan, the world's second largest economy, fell back into recession in 2004. Lower exports, less consumer spending and higher energy costs have all contributed to the recent slowdown in the expected recovery, which has been delayed to the...

Forex strategies for globalization.
June 1, 2005... One of the themes of our current era is globalization. It is hard to escape the daily references to this multifaceted force shaping world events. Annually, the A. T. Kearnery/Foreign Policy Globalization Index (www.foreignpolicy.com) released...

10 ways to measure trading success; Traders both green and experienced have numerous questions about trading success: how is it defined? How do you measure it? When can you expect it? Here are some answers.(TRADING TECHNIQUES)
June 1, 2005... At some point in nearly everyone's trading timeline, they wonder how their trading successes (or failures) compare with those of other traders. Wondering just how well you stack up to others in the industry is a natural curiosity and a human...

Getting mechanical with oscillators: traditionally, oscillators are considered confirming indicators or, at best, timing tools. However, with the right approach and care, they can provide the foundation for a viable mechanical trading system.(TRADING TECHNIQUES)
June 1, 2005... Oscillators are frequently used by traders as secondary confirmation tools. However, it is possible to develop short-term mechanical systems with oscillators. Five commonly used oscillators are: moving average convergence/divergence (MACD),...

Working at employment: many traders dance to the beat of the monthly employment report. However, the data show that the forecast's effects on actual economic growth may be misstated.(TRADING TECHNIQUES)
June 1, 2005... Certain dates and times are seared into the memory. Elections take place on the first Tuesday after the first Monday in November. The Supreme Court reconvenes on the first Monday in October. At 7:30 a.m. on the first Friday of the month, the...

Fed chooses to fight inflation.(Market Watch)
June 1, 2005... If there was ever any doubt where the Federal Reserve's heart lies, the Fed's policymaking Federal Open Market Committee (FOMC) made it abundantly clear on May 3 that it is with guarding against inflation, and not slower growth. In the...

Walk like a trader: if you trade systems, you should know what walk-forward optimization is and how to apply it properly. Here, we will address this powerful testing tool.(TECHNOLOGY & TRADING)
June 1, 2005... Having demonstrated how to write a macro to perform simple out-of-sample testing in "Out of sample, out of mind," (April 2005), we now will expand our automation into the world of walk-for-ward testing, which is a mysterious topic for many...

Continuation patterns for beginners; Some of the most popular tools for traders are the simple ones: trendlines, volume and open interest. But using other tools to better determine strength of these indicators is a key for successful trading.(FUTURES 101)
June 1, 2005... Last month we reviewed breakouts, defined as a significant departure from a clearly defined trading range and signaling the beginning of a new trend. We also examined the more common chart formations that can signal breakouts, including...

Trading with a talking tool.(Online Trading)(Daytrader's Talking Toolbox)
June 1, 2005... Trading tools aren't what they used to be and today's abundance of tools leave a trader, who's not yet aware of which tools matter most, looking at more than just a few until he figures out which better suit his trading. Even experienced...

VantagePoint.(Software Review)
June 1, 2005... VantagePoint Market Technologies, LLC 25941 Apple Blossom Lane Wesley Chapel, FL 33544 U.S., Canada: (800) 732-5407 UK: 0-800-0186-502 Other: (813) 973-0496 E-mail: info@TraderTech.com www.TraderTech.com ...

Regulatory musical chairs: many of the hedge funds facing additional registration requirements trade futures. Can the CFTC and SEC work cooperatively to avoid doubling--and in some cases tripling--the regulatory burden on these funds?(MANAGED MONEY)(Commodity Futures Trading Commission)(Securities and Exchange Commission)
June 1, 2005... Commodity pool operators always have been closely related to their regulatory cousins, commodity trading advisors and much of the managed futures universe falls in to the CPO/CTA category. But because of the intricacies of regulatory policy,...

Inside the not-so-cozy world of cotton: China, computerization and derivatives have all reshaped the sleepy world of cotton. And all factors helped Allenberg's Joe Nicosia orchestrate the biggest sale of cotton ever.(FUTURES INTERVIEW)
June 1, 2005... "Gonna change my name to Cotton, and move to the south..." A.C. Cotton, "Half Way Down" Joe Nicosia came to the cotton business with few preconceived notions. Born and raised in Chicago, schooled in business at Ivy League Dartmouth,...

Technical Analysis: Power Tools for Active Investors.
June 1, 2005... TECHNICAL ANALYSIS: POWER TOOLS FOR ACTIVE INVESTORS By Gerald Appel FT Prentice Hall (2005) 227 page, $44.95 From the title, you might conclude that Gerald Appel is about to divulge an array of trading indicators. There's...

Emerging markets: the next generation; Remember China's hot futures markets? Old news. India's and Brazil's? Ditto. There's a new wave taking shape--and it could just be the shape of our own tomorrow.(TRADE TRENDS)
June 1, 2005... Truth is sometimes hard to swallow. "The world's largest commodity futures exchange is in Dalian, China," Fred Grede, CEO of Chicago-based Vega Financial Engineering Ltd., likes to remind people. "The world's largest financial futures exchange...

Contract dates.(Dateline)(Calendar)
June 1, 2005... 1 LTD: BM & F Alcohol OF, iBrX 50 F. [TABLE OMITTED] 2 FND: BM & F Alcohol F, LTD: CME May Mid-sized milk OF, May Milk F, OF, May Weather F, OF. 3 FND: BM & F Jul Cotton F, LTD: CME Currencies OF, Live cattle OF, CME $ Index OF,...

Events coming up.
June 1, 2005... Call the numbers listed for more information. For other seminars. see the classifieds on pages 80-85. Managed Funds Association Forum 2005. JUN. 6-8. The Fairmont Hotel, Chicago. www.mfainfo.org/events. (202) 367-1140. Market...

Smith Point surfs T-note volatililty.(Trader Profile)
June 1, 2005... Starting his own investment business was something Stephen R. Powell, principal of Smith Point Investments, in New Canaan, Conn., always wanted to do and he chose the U.S. bond market because it's what he knows best. After college, where he...

Why are active traders migrating over to the forex market?(2005 guide to computerized trading)(Advertisement)
June 15, 2005... The retail forex market has grown significantly in the past 10 years and there's little indication that the growth-curve will stop anytime in the near future. As an over-the-counter market, forex trading surpasses conventional financial...

Interactive brokers: the professional's gateway to the world's markets.(2005 guide to computerized trading)(IB)
June 15, 2005... WHY INTERACTIVE BROKERS? For nearly three decades we have been building direct access trading technology that delivers unique advantages to professionals worldwide. With $1.9 billion in consolidated equity, IB and its affiliates together...

Lime Brokerage: brokerage services for automated and sophisticated traders.(2005 guide to computerized trading)
June 15, 2005... 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...

Alphabetical company list.(2005 guide to computerized trading)(Directory)
June 15, 2005... Listed here are companies that have computerized trading-related products and services featured in the list beginning on page 44. You will find each company's address, phone and fax numbers, as well as the categories in which it offers...

How to test and automate virtually any trading strategy.(TradeStation Securities Inc)(EasyLanguage technology)(Advertisement)
June 15, 2005... For many years, the ability to create, test and automate objective, rule-based trading plans was an advantage only available to select institutions that could afford huge research staffs. But no more. TradeStation is the first direct-access...

Remove guess work and follow objective buy and sell signals: award winning trading software--eASCTrend.
June 15, 2005... AbleSys' eASCTrend 6.0 is a Windows-based trading software program that offers traders specific buy, sell, and stop signals for all markets, including stocks, futures, commodities, forex and bonds. Fully computerized trading automation is...

Pricecharts.com: a comprehensive and daily look at the worldwide commodity and financial futures markets is at your fingertips 24/7.(2005 guide to computerized trading)(Brief Article)
June 15, 2005... 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 moves. [ILLUSTRATION OMITTED] ...

Product list.(2005 guide to computerized trading)(Directory)
June 15, 2005... This list contains the names of specific products and services offered by the companies listed in this year's guide. These are actual product names and not generic or descriptive terms. You will find contact information for companies offering...

Futuresmag.com: one-stop education and analysis for financial and commodity traders.
June 15, 2005... Futuresmag.com helps prepare today's trader for tomorrow's market moves. As an information and education source, futuresmag.com, the Web site of Futures Magazine, provides daily updates on markets, current news, educational insights and...

Products & services.(2005 guide to computerized trading)(Directory)
June 15, 2005... 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...

FutureSource Workstation--the juncture where more and less meet.(2005 guide to computerized trading)(eSignal.com inc)(Advertisement)
June 15, 2005... Professionals and individual traders alike need the sophisticated tools and reliable data that can help them negotiate the fast-changing futures and energy markets successfully. The question becomes: How do they fulfill that need without...