Futures (Cedar Falls, IA) articles from May 2003

Futures (Cedar Falls, IA) archives from May 2003

Building blocks. (Editor's Note).(futures exchanges are not going away easily)(Editorial)
May 1, 2003... Those folks in the futures industry who are pushing for "freedom to clear" should realize one thing now: The exchanges will not go gently into that good night. First, the exchanges have history on their side as well as regulatory guidance....

Sound off!
May 1, 2003... WAR BLINDERS Your point in ["International Swap," April 20031 about "right is might" and "might is. right" is very well taken and more Americans should open their eyes and see (as you have) the real reasons behind this invasion and not...

Clearing brouhaha fuels CBOT/CME rumors. (Does BOTCC Need Moxie?).(the futures commission merchant community has pushed plans to separate clearing and execution in the futures industry)
May 1, 2003... Led by the large New York investment banks and Futures Industry Association (FIA), the futures commission merchant (FCM) community has pursued for several years a goal of separating clearing and execution in the futures industry -- first...

Another challenge to open outcry. (Last Barrier Falling?).(an electronic request-for-quote system for swap futures is being introduced)
May 1, 2003... That open outcry is a better medium than electronic markets for executing more obscure options and spread orders is one reason it still exists. The ability of a pool of market makers to provide a market on less-liquid options and various...

CFTC acts on Enron, crackdowns elsewhere. (Regulators Roll).(the Commodity Futures Trading Commission charges Enron with manipulating natural gas prices and operating an illegal futures exchange)
May 1, 2003... Commodity Futures Trading Commission (CFTC) Chairman Jim Newsome has maintained all along that the CFTC has authority to investigate Enron for fraud and manipulation and no legislation giving the CFTC additional authority was warranted. While...

CBOE going hybrid. (Return Volley).(the Chicago Board Options Exchange is launching its Hybrid trading system)(Brief Article)
May 1, 2003... The International Securities Exchange (ISE) has continually gained market share in its short existence at a time when overall equity option volume has dropped and likes to describe itself as the market leader in equity options. In fact, in...

C-F-T-C spells relief. (International News: Americas).(the CFTC announces several rule proposals)(Brief Article)
May 1, 2003... The passage of the Commodity Futures Modernization Act provided some regulatory relief to futures exchanges. At the time, the CFTC pledged to institute similar structural relief for intermediaries. The CFTC made good in March, announcing a...

Real-life simulation. (International News: Americas).(Kent State University launches a simulated derivative trading floor)(Brief Article)
May 1, 2003... A real bell rang to open the first simulated derivatives trading floor at an academic institution in April at Kent State University, where a 25 workstation facility built by Tekom Inc. simulates trading with live data from six global exchanges...

One main connection. (International News: Europe).(Euronext Brussels moves its derivatives products to Euronext trading and LiffeConnect and Clearing)(Brief Article)
May 1, 2003... Euronext Brussels moved its derivatives products to Euronext trading and clearing technology systems LiffeConnect and Clearing 21 in March. The migration to LiffeConnect was the first step in creating a single market for all Euronext...

I love mou. man! (International News: Pacific Rim).(the CME and Shanghai Futures Exchange will pursue joint business development initiatives)(Brief Article)
May 1, 2003... Among pomp and circumstance not usually associated with the signing of a memorandum of understanding (MOU), the CME and Shanghai Futures Exchange (SHFE) pledged to pursue joint business development initiatives in derivatives products at a media...

Going to the market. (International News: Pacific Rim).(Peregrine Financial Group Inc., Himawari Securities, and Himawari CX form a strategic alliance)(Brief Article)
May 1, 2003... In a move that brings U.S. futures markets directly to Japanese retail traders, Peregrine Financial Group Inc., Himawari Securities and Himawari CX have formed a strategic alliance to offer access to PFG's Best Direct online futures trading...

Charles in charge at CBOT. (Trading Places).(Charles P. Carey elected chairman of the Chicago Board of Trade)
May 1, 2003... Running an unopposed campaign, Charles P. Carey was elected chairman of the Chicago Board of Trade (CBOT) in March for a two-year term. Carey continues what is becoming a family tradition. He's the third generation in his family to hold the...

New way to trade CTAs. (Managed Money Review).(Standard and Poor's Hedge Fund Index launches new productcommo)
May 1, 2003... The latest products to result from Standard and Poor's Hedge Fund Index are now available as investable. products tracking the S&P Managed Futures Index. Refco Group Ltd. and PlusFunds Group partnered to develop the products. The index is...

Crude tumbles; what now? (Hot Commodities).(the commodity industry has a major drop off )
May 1, 2003... We couldn't immediately find the technical description of the price action in crude oil following the launch of the Iraqi war, but the Wile E. Coyote canyon formation comes to mind. While analysts had long predicted that the actual beginning of...

Canadian $ holds up. (Hot Commodities).(the U.S. dollar recovers with the start of the Iraqi war, but the Canadian dollar does not give back as much as other currencies)(Brief Article)
May 1, 2003... The Canadian dollar was in the midst of a strong four-month rally when the start of the Iraqi war led to a recovery in the U.S. dollar. The Canadian currency did not give back as much as other currencies, though, indicating some underlying...

Trading the April pivot in beans. (Hot Commodities).(April services as a pivot month for the trading of soy beans)(Brief Article)
May 1, 2003... The soybean market has certain seasonal tendencies. For example, more than 75% of the time (based on a database of more than 30 years) soybeans register a tradable "harvest low." The timing and extent of the subsequent tally varies year to...

S&P 500 ahead of itself? (Hot Commodities).(although the S&P 500 had rallied at the start of the war, things could change as the war continues)(Brief Article)
May 1, 2003... The S&P 500 rallied 117.5 handles from the start of the war to April 7, seemingly discounting for a quick and clean resolution. With resistance still present and reports of Saddam Hussein's demise still unconfirmed, that discounting may he...

Trader's guide to technical indicators: getting price and time targets. (eSignal).(traders will use past price patterns to project what will happen in the future)
May 1, 2003... It's fairly easy to spot tops and bottoms and trendlines on a chart after the price action has occurred. However, most traders are more interested in what lies ahead, using past price patterns to project what could happen in the future. ...

Confronting the mother of all uncertainty. (Market Watch).(developing economic forecasts and monetary policy is difficult for the Federal Reserve during the war)
May 1, 2003... Formulating economic forecasts and making monetary policy is dicey at the best of times, and it is not uncommon to hear Federal Reserve officials toss the term "uncertainty" about, but we would have to go back a long way to find the degree of...

Is gold's latest wild ride over? (Markets).(questions exist concerning how gold prices will do)
May 1, 2003... After languishing for several years and then edging slowly higher, gold prices shot up before shots were fired in the Iraq war -- and plummeted almost as quickly. Was the rally based only on war premium or a weak dollar? How will gold fare in a...

The CRB: A top-down and bottom-up look. (Market Strategy).(CRB commodities price index )
May 1, 2003... Commodity prices, as measured by the CRB index, were in a bear market for most of the 1980s and 1990s. This was a major force behind the historic bull market in financial assets during the same period. However, since the late 1990s the CRB...

Know your trading archetype. (Forex Trader).(trading in Forex commodity funds)
May 1, 2003... Forex trading is challenging to people throughout the world regardless of profession or education because it requires a combination of diverse skills that can't be attained elsewhere. A successful trader must apply strategy and tactics that...

Getting inside the S&P 500. (Equity Trading Techniques).(futures index )
May 1, 2003... As the S&P 500 index dropped sharply during the last three years, components moved at different rates. Here's a review of what makes the S&P 500 tick and how you can use sector indexes to gauge what might happen to the popular S&P. The...

Call writing strategies: look before you leap. (Trading Techniques).(investing in long term equity anticipation securities)
May 1, 2003... LEAPS options are long-term equity or index options. They are listed on hundreds of equities -- IBM, Microsoft, General Electric, etc., although not every stock with listed options has LEAPS. They also are available on many indexes and...

The payoff from payouts. (Trading Techniques).
May 1, 2003... Will proposals to expand various tax-deferred savings plans and eliminate the double taxation of dividends unduly favor the rich? Let's hope so: The health of capital markets, so crucial to all segments of the global economy, depends on...

Milking the market to the last drop. (Trading Techniques).
May 1, 2003... Once known for trading butter and eggs and now one of the world's most prominent financial futures exchanges, the CME is seeing surprising growth in milk futures, which could become even more liquid as they go electronic. Could milk fit into...

Software review.
May 1, 2003... FutureSource fsXtra Platinum 51 955 Parkview Blvd., Lombard, Ill. 60148 Web: platinum.fsXrra.corn Email: marketing@futuresource.com Phone: (630) 792-2001 Fax: (630) 792-2600. LEVEL: Beginner to advanced ...

Grading the growth of single stock futures. (Online Trading).
May 1, 2003... It took tremendous efforts to bring single stock futures (SSF) to U.S. markets, and after all the technicalities were resolved and the product was finally released, it's time to see how they're holding up. First, let's do a quick review...

When a good trade goes bad. (Futures 101).
May 1, 2003... A big losing trade can leave you frustrated, disheartened and angry as you lick your wounds. Before you surrender to desperation, here are some tips to avoid compounding the nightmare of a big loss - and some causes that may have gotten you...

Does the futures industry need revamping? (Cover Story Trade Trends).
May 1, 2003... Some propose that if the securities industry market model works, it should work for the futures industry as well. In addition to recent evidence to the contrary, that perspective ignores the differences in the industries and fails account...

Seeding tomorrow's top traders. (Managed Money).(Dunn Capital Management provides help to commodity trading advisor start-ups)
May 1, 2003... Any new business regardless of how good its service could use some help getting off the ground. Dunn Capital Management has taken the old Commodity Corp. model a step further. Through strategic alliances, it provides three-dimensional help to...

Funds review.(Illustration)(Industry Overview)
May 1, 2003... Funds Review 2003 public funds returns (through March) Name of fund Trading advisor(s) U.S. Closed Alternative Asset Growth LP Multiple managers Capital Fund II ...

Essential Technical Analysis: Tools and Techniques to Spot Market Trends. (Book Reviews).(Book Review)
May 1, 2003... Essential Technical Analysis: Tools and Techniques to Spot Market Trends By Leigh Stevens John Wiley & Sons Inc. New York (2002) 383 pages, $39.95 Technical analysis (TA) is far from a new subject for financial writers....

How To Become A Successful Trader: The Trading Personality Profile: Your Key to Maximizing Your Profit with Any System. (Book Reviews).(Book Review)
May 1, 2003... How To Become A Successful Trader: The Trading Personality Profile: Your Key to Maximizing Your Profit with Any System By Ned Gandevani Writers Club Press (2092) 280 pages, $29.95 The author's promise to the reader is to help...

Dateline.(Calendar)
May 1, 2003... 1 Holiday: France, Germany, Italy 2 COT report, Employment, Unemployment 5 Holiday: UK 6 Crop summary 7 Germany Employment, Unemployment 8 Holiday: France Australia Employment, Unemployment 9 COT report. UK Production...

Building a stronger Fort. (Trader Profile).(Yves Balcer and Sanjiv Kumar, principals of Fort LP)
May 1, 2003... Yves Balcer and Sanjiv Kumar, principals of commodity trading advisor Fort LP, had a great deal of success as discretionary bond traders in the mid 1980s at the World Bank, but they realized that much of that success was due to informational...