Futures (Cedar Falls, IA) articles from May 2006

Futures (Cedar Falls, IA) archives from May 2006

Watch closely now.(agreement for ten years between Chicago Mercantile Exchange Inc. and New York Mercantile Exchange)(Editorial)
May 1, 2006... In February, Chicago Mercantile Exchange (CME) Chairman Terry Duffy told me his exchange would be entering the energy complex in some way, shape or form. This was in the midst of rumors that the CME was buying the Intercontinental Exchange...

Distribution, distribution, dis ... Nymex back to Globex.(Trendlines)
May 1, 2006... In a negotiation with more starts and stops than New York traffic, the New York Mercantile Exchange (Nymex) and the Chicago Mercantile Exchange (CME) agreed to make Globex, the CME's electronic trading platform, the electronic home to all Nymex...

Retail traders still in limbo: forex client deal on ice.(Refco and Forex Capital Markets )
May 1, 2006... The main purpose of futures markets is price discovery; that apparently does not hold true for bankruptcy auctions as Refco's creditors' committee rejected two bids from Forex Capital Markets (FXCM) as being too low for Refco's retail forex...

Wanted: Refco ripples continue.(cases against Refco Inc. former boss Phillip Bennett)(Brief article)
May 1, 2006... In early April, an Austrian judge approved an arrest warrant for former Refco boss Phillip Bennett after investigators charged that Refco may have helped Bawag (the Bank for Employment and Industry) cover up losses from bad investments between...

Revenge of the securities: an index of one.(Trendlines)
May 1, 2006... When the Shad/Johnson accord was dissolved in 2000 it ushered in the age of security futures products. Now with the explosive growth of interest in commodities, "commodity securities products" are being created at a rapid pace. Gold, silver and...

Chartview: CME juiced on energies.(Trendlines)
May 1, 2006... It didn't take long to learn how the market would receive the CME/Nymex technology service agreement as shares of CME Holdings rallied more than $30 in the 24 hours following the announcement. Intercontinental Exchange Inc., Nymex's main...

New life for SSF: OneChicago has partner.(investments of Interactive Brokers L.L.C. in single stock futures)
May 1, 2006... Approximately one year after declaring it was seeking a strategic partner in March 2005, OneChicago announced that Interactive Brokers (IB) would make a significant equity investment in the single stock futures exchange. OneChicago...

The Islamic dollar?(International News)(Brief article)
May 1, 2006... The six nations comprising the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) plan to have a common currency and common central bank by 2010, Kuwait central bank boss Sheikh Salem Abdul Aziz...

Dubai grows offerings.(Dubai Gold and Commodity Exchange)(Brief article)
May 1, 2006... Silver futures were launched on the Dubai Gold and Commodity Exchange (DGCX) in March and forex futures are set to debut in May or June. The FX contracts will be deliverable and will be listed on the March quarterly cycle. Contract...

Korean products at the CME?(International News)
May 1, 2006... A few months after the CME renewed its memorandum of understanding (MOU) with the Korea Exchange (KRX) in late 2005, the two exchanges agreed to conduct a joint research on linking the two exchanges. The two exchanges will study methods for...

Aussie exchanges tie up.(International News)(Brief article)
May 1, 2006... The Australian Stock Exchange (ASX) and the SFE Corporation Ltd. (parent of Sydney Futures Exchange) reached a preliminary merger agreement. Once the deal is completed, the combined group will be the ninth largest listed exchange in the world....

Preuss returns to Deutsche Borse.(Trading Places)
May 1, 2006... Andreas Preuss was appointed as a member of the executive board at Deutsche Borse AG where he will be responsible for trading and clearing services and is expected to take over as CEO of Eurex. Previously he was COO of the Mako Group. Preuss...

Chicago Board of Trade.(Trading Places)
May 1, 2006... Kevin J.P. O'Hara was named chief administrative officer and chief strategy officer at the Chicago Board of Trade. O'Hara previously was EVP and co-general counsel of the NYSE Group.

Fortis.(Trading Places)
May 1, 2006... Jonathan Bradshaw was appointed head of sales at Fortis's global brokerage, clearing and custody business, in France. Previously he was head of sales at Refco Securities, Paris.

Managed Funds Association.(Trading Places)
May 1, 2006... Robert J. Conant has joined the Managed Funds Association as VP of business development.

Societe Generale Corporate & Investment Banking.(Trading Places)
May 1, 2006... Federico Turegano is now head of the oil and gas sector for the Americas for Societe Generale Corporate & Investment Banking.

Alternative Investment Management Association.(Trading Places)
May 1, 2006... Matthew Jones has joined the regulatory and legal team at the Alternative Investment Management Association. Previously he was a lawyer with Simmons and Simmons in London, specializing in regulation.

Campbell closes key funds.(Managed Money Review)(Campbell and Company)
May 1, 2006... One of the oldest and arguably best trading programs has closed to new investments. In March, Campbell & Company closed its Financial Metals and Energy (FME) program to new investors. It also closed its Global Diversified program. Campbell...

Get ready for the Indian rupee.(Forex Trader)
May 1, 2006... The world of forex is undergoing a rapid evolution. In recent years forex reflected the interplay of three major currencies: the U.S. dollar, the Japanese yen and the euro. The emergence of China as a significant player in world trade added a...

Awash in beans.(Hot Commodities)
May 1, 2006... High energy prices and strong index buying are propping up soybean prices by as much as $1 per bushel, says David M. Fiala, chief analyst at Futures One. Fiala points to bearish fundamentals such as near record short fund positions and...

Fire up the grill.(Hot Commodities)(Brief article)
May 1, 2006... With the dryness and poor pasture conditions, cow/calf operators who would have kept calves on wheat pastures in the Southern plains have moved them to the feed lots, leading to lower prices. "We've got an avalanche of live cattle hitting...

High and low cotton.(Hot Commodities)(Brief article)
May 1, 2006... It took July cotton less than two months to give back the gains earned since the early December lows. Since then it has languished in a range, says Mike Stevens, a cotton specialist at SFS Swiss Financial Services. "This despite export sales...

All that glitters isn't just gold: gold, silver, copper, aluminum, zinc; regardless of the alloy, whether it is a precious or base metal, the story is the same: metals are red hot. Between a proposed silver ETF and base metal fundamental factors, metals appear set for a long-term bull run.(MARKETS)(Cover story)
May 1, 2006... Take a growing world economy, supply-side problems and underpriced commodities, put them together and you end up with metals, precious and base, hitting their highest prices in years. Silver, which has outpaced gold much of this year, reached a...

Tech talk: palladium.(MARKETS)
May 1, 2006... It was 1963 when the Beatles made their major television debut on the hit TV variety show Sunday Night at the London Palladium. That night was the beginning of Beatlemania. During that same year, you could have bought palladium for around $30...

Profiting on crude spike.(Market Strategy)
May 1, 2006... During this past winter I happened to be in my doctor's waiting room staring at CNBC on the television. One of the nurse's stopped at the TV and uttered an expletive as the current crude price was flashed. I asked her what she was upset about,...

Are U.S. stocks the next big thing? It looks like the best kept secret in investing just might be everywhere we look: U.S. stocks are poised for a comeback. Here's why.(EQUITY TRADING TECHNIQUES)
May 1, 2006... In the fall of 2005 I was listening to my doctor describe the land she had just bought to build her dream house. The land was purchased from the Rockefeller family. It sounded like the usual game of smart money picking off the peak of the...

Want something solid? For medium- and long-term investors, the gold market provides some interesting possibilities. But before you participate in this strong-trending market, it's important to digest the big picture.(TRADING TECHNIQUES)
May 1, 2006... In recent years gold has changed from a range-bound, listless market to one of the hottest in the commodity sector. Traditionally, markets such as palladium, the Japanese yen and coffee are considered the "big trenders." That has changed. Gold...

Where gold goes from here: there are many reasons for gold's strong bull market. Once you understand the fundamental drivers of the gold bull market, you can assess the likelihood that the precious metal will continue its march higher.(TRADING TECHNIQUES)
May 1, 2006... Throughout the last 25 years gold has had two distinctive moves, first a down move and then an up move. Spot gold closed at $850 per ounce in January 1980, and shortly thereafter the market entered a steady decline that lasted nearly two...

Dollar/yen: anatomy of a collapse; The USD/JPY crossrate performed well in 2005, but it. Understanding where these markets are today relative to each other will help you prepare for the future.(TRADING TECHNIQUES)
May 1, 2006... It's the continuous pursuit of most traders: Find a trend and ride it for most of its length. Getting off the bandwagon, well, that's entirely different. Becoming enamored with a trend is nothing new, as history shows us. The late 1990s...

Money management through risk allowance: loss is a part of trading. No one likes it, but successful traders understand it and accept it. They plan for it and because they plan for it, they avoid catastrophic losses. One effective way to deal with loss is a concept called "risk allowance.".(TRADING TECHNIQUES)
May 1, 2006... Trading is a business. As such, traders can borrow proven concepts from the business world to improve their results. Enter the idea of risk allowance. This approach is adapted from the business concept of having an allowance that is...

NewsStation Version 5.2.(Software Review)
May 1, 2006... NewsStation Version 5.2 Trade the News www.TradeTheNews.com (888) 311-NEWS OVERALL RATING: Excellent LEVEL: Beginner to expert. PRICE: $30 to $350 per user, depending on level of service, which ranges from basic to...

Choose wisely: the Refco failure took many traders by surprise and highlights the importance of selecting a solid broker. Whether you are new to futures trading or simply want a change, this choice will have a lasting effect on your trading experience.(FUTURES 101)
May 1, 2006... The rise of the Internet and computerized trading has opened all kinds of trading opportunities and lowered the barrier to entry for retail traders, but one thing stands between you and the markets: your broker. Of all the decisions you will...

RTS Realtime Systems Group.(Brief article)
May 1, 2006... RTS Realtime Systems Group has launched connectivity to the Warsaw Stock Exchange (WSE). The WSE has ranked among the top three European Exchanges in terms of IPO's. Users of RTS' RTD Realtime Trading Desktop will be able to trade equities,...

Momentum Bars.(introduction of waverunner analytical tool)
May 1, 2006... Danton Long, inventor of Momentum Bars, has launched WaveRunner, an analytical tool that enables users to label and categorize price trends into strength levels. WaveRunner is fully automated, ready to use and offers automated trend analysis...

eSignal.(AOL.com)(AOL Real-Time Streaming Quotes)(Brief article)
May 1, 2006... eSignal has developed a customized quote, chart and news package for the AOL.com Web site. The new service, called AOL Real-Time Streaming Quotes, is a tailored version of eSignal's MarketCenter LIVE product for AOL Money and Finance users. AOL...

GFT.(Global Forex Trading)(Brief article)
May 1, 2006... GFT has launched a currency quotes application for Google's sidebar to help active traders monitor foreign currency prices 24-hours a day. Up to eight currency pairs can be monitored at one time, with the ability to choose from about 60...

The Intercontinental Exchange.(EXCHANGES)(Brief article)
May 1, 2006... The Intercontinental Exchange (ICE) has listed 10 new OTC swap contracts based on North American financially-settled natural gas contracts, which are currently offered on the ICE platform on a bilateral basis. ICE provides its cleared OTC...

Euronext.liffe.(EXCHANGES)
May 1, 2006... Euronext.liffe announced the launch of AEX Weekly Options, which will trade for one week from Friday to Friday and offer investors a way to invest in news-driven markets. AEX Weekly Options will have the same contract specifications as the...

The Chicago Board Options Exchange.(EXCHANGES)
May 1, 2006... The Chicago Board Options Exchange (CBOE) will launch short-term, "Weekly" options on the Mini-SPX (XSP) and the S & P 100 Index (XEO). The Mini-SPX (XSP) is a smaller, S & P 500 Index contract traded on the CBOE Hybrid Trading System. ...

CBOE Futures Exchange.(EXCHANGES)
May 1, 2006... The CBOE Futures Exchange (CFE) will launch National Association of Realtors Existing-Home Sales Median Price futures contracts. The CFE has created five new futures contracts designed to track the median price of existing-home sales nationally...

The Chicago Mercantile Exchange.(EXCHANGES)
May 1, 2006... The Chicago Mercantile Exchange will launch futures and options on futures on the Israeli Shekel. The Shekel contract will launch May 7 and trade exclusively on Globex. The contract will be sized at $1 million with a $10 tick size and trade on...

Staying ahead electronically.(electronic securities trading)
May 1, 2006... During the past five years, electronic trading volume at the world's largest exchanges, global banks and other platforms has grown at an unprecedented rate. The rapid migration to electronic trading in equities, options, commodities and...

How to find patterns within trends: while some may argue that distinguishing between strategy types such as trend following and pattern recognition is a matter of semantics, several managers have been able to survive and even thrive in difficult market conditions by adding pattern recognition into their strategy mix.(MANAGED MONEY)
May 1, 2006... Why was 2005 such a poor year for long-term trend followers yet many of the best performing programs define themselves as trend followers? Perhaps some programs had an added alpha boost. Those analysts who like to claim trend following doesn't...

2006 public funds returns (through March).(Funds Review)(Statistical table)
May 1, 2006... Unit Starting value Change Trading Date unit through for Name of fund advisor(s) started...

Cross Atlantic ties that almost bind: technology providers have woven the world's exchanges into a single click-and-trade portal, but trading costs and regulations still vary from market to market. However, this summer regulators in Europe and the United States will bring long-simmering regulatory convergence talks to a boil.(TRADE TRENDS)
May 1, 2006... They're out there--in open forums and behind closed doors, top-level regulators from all sides of the Atlantic and Pacific have formally converged at least 12 times in the past two years. And that doesn't include countless informal...

J. Christoph Amberger's Hot Trading Secrets: How to Get In and Out of the Market with Huge Gains in Any Climate.(Book review)
May 1, 2006... J. Christoph Amberger's Hot Trading Secrets: How to Get In and Out of the Market with Huge Gains in Any Climate By J. Christoph Amberger John Wiley & Sons Inc. 302 pages, $24.95 J. Christopher Amberger presides over Taipan, a...

The Streetsmart Guide to Timing the Stock Market: When to Buy, Sell and Sell Short.
May 1, 2006... The Streetsmart Guide to Timing the Stock Market: When to Buy, Sell and Sell Short By Colin Alexander McGraw-Hill 384 pages, $35 The second edition of this book provides readers with a highly organized, well-written and...

The Complete Guide to Market Breadth Indicators.
May 1, 2006... The Complete Guide to Market Breadth Indicators By Gregory L. Morris McGraw-Hill 302 pages, $55 There have been hundreds of books written about technical analysis, but this is the only one that focuses specifically on market...

Contract dates.(Dateline)(Calendar)
May 1, 2006... 2 LTD: BM & F Alcohol OF, CME Apr Weather F. [TABLE OMITTED] 4 LTD: CME Apr Milk F,OF, Apr Butter F, Safex Bonds F. 5 LTD: CME Butter OF, Currencies OF, Pork bellies, frozen OF, CME$Index OF, Nybot Dollar index OF, Jun Cocoa OF....

Events coming up.(Calendar)
May 1, 2006... Call the numbers listed for more information. For other seminars, see the classifieds on pages 73-77. GAIM Cayman 2006. APRIL 30 to MAY 3. Ritz-Carlton, Grand Cayman. www.gaimcayman.com. (888) 670-8200. PHLX'S 24th Annual Options...

Mullaney scoring with volatility.(Trader Profile)
May 1, 2006... Michael Mullaney began trading stocks in 1991 and while he had success taking advantage of stock splits and the IPO mania of the go-go 1990s, it wasn't until he developed an option writing strategy in 1999 that he found his niche. Mullaney...