Futures (Cedar Falls, IA) articles from November 2005

Futures (Cedar Falls, IA) archives from November 2005

Hitting the switch.(EDITOR'S NOTE)
November 1, 2005... A couple years ago I asked a Chicago Board of Trade (CBOT) official when grains would go electronic. The answer, short and sweet, was "when hell freezes over." More recently, I asked again, and another CBOT official was more optimistic,...

Alternative fuels.(Sound Off!)
November 1, 2005... Both big money and political maneuverings appear to be behind the Alternative Fuels Energy Bill ["Energy bill ramps up alternative fuels production," Trendlines, September 2005]. This is an agribusiness venture and truly has nothing to do with...

Emissions contracts.(Sound Off!)
November 1, 2005... ["Managing risk in all seasons," Special fall issue 2005] is a great article if you know what you and [Richard Sandor] are talking about. What will be the makeup of the [carbon emissions] futures contract? How will it be traded? It would help...

Long-only funds.
November 1, 2005... Your article ["Dr. Strangefund: or how I stopped worrying and learned to love the long-only fund," September 2005] was detailed and especially informative. Well done. --Tom Lott, via e-mail Have an opinion, question, objection, idea or...

China shakes off losses: geared up for financials.(Trendlines)
November 1, 2005... Last year when China Aviation Oil Corp. lost $550 million trading options in Singapore, it dampened hopes for a rebirth of financial derivatives in China. Several Chinese exchange officials told Futures in September they feared the losses could...

Highest bidder? Shoot-out at Nymex corral.(Trendlines)
November 1, 2005... The status of the sale of the New York Mercantile Exchange (Nymex) is as volatile as the markets traded at the exchange. In September, several high profile suitors had made offers or were considered for an equity stake in the world's largest...

Making its own rules: NFA fighting forex fraud.(Trendlines)
November 1, 2005... The National Futures Association (NFA) has approved a new forex rule and several rule amendments meant to help the NFA regulate fraud against entities on which it had no jurisdiction before. The changes are also independent of the CFTC...

Chartview: feeding false prices.(Trendlines)
November 1, 2005... The Commodity Futures Trading Commission (CFTC) has filed an enforcement action in the U.S. District Court for the Northern District of Illinois in Chicago, alleging that Todd J. Delay, a futures broker located in Columbus, Ohio, engaged in a...

What in the name of ... PBOT next to challenge CBOT Treasuries.(Trendlines)
November 1, 2005... The announcement that the Philadelphia Stock Exchange (PHLX) and subsidiary Philadelphia Board of Trade (PBOT) would begin trading futures on U.S. Treasuries in January was met with a collective "Huh?" Why, industry commentators asked, would...

OMX pushing Nordic convergence.(Brief Article)
November 1, 2005... Two years after forging a pan-Scandinavian trading network, Swedish-Finnish exchange operator OMX is still struggling to forge a true integrated market--due mostly to the failure of governments in Sweden, Finland, Denmark, and the Baltic...

India's futures volume surge.(International News)
November 1, 2005... At the end of 2005, India's futures volume will have surged more than 900% from 2003 levels, according to the country's Associated Chambers of Commerce and Industry, and this without price dissemination! In the coming years, prices will be...

Borsellino out.(Brief Article)
November 1, 2005... High profile S & P trader Lewis J. Borsellino will no longer be a member of the CME after agreeing to a $50,000 fine and an order to sell or transfer all interest and rights in his CME membership. He neither admitted nor denied CME findings...

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

CME takes on OTC.(Managed Money Review)
November 1, 2005... The Chicago Mercantile Exchange (CME) on Nov. 1 will launch an incentive program hoping to draw more commodity trading advisors (CTA) and forex trading managers to its markets. CTAs and hedge funds with a minimum of $50 million under...

Swiss boss to head Deutsche Borse.(Trading Places)
November 1, 2005... The personnel committee of Deutsche Borse will propose Reto Francioni be named CEO of the company at a meeting on Oct. 10, and the supervisory board will decide on the appointment that day. Francioni is currently the chairman of the board of...

E-mini S & P fizzles.(Standard & Poor's Corp.)(Brief Article)
November 1, 2005... Uncertainty and fear about hurricane relief, the jobs report, high-energy prices and inflation have put a damper on the e-mini S & P, says Michael Cavanaugh of My Futures Online. "What we saw in the last two days is that people are expecting...

Sugar high.(Hot Commodities)
November 1, 2005... Sugar's lengthy bull move can be expected to continue, at least as long as crude oil remains high according to analysts. James Cordier, head trader at Liberty Trading Group, says the March sugar contract will trade as high as 12.50 cents...

10-year T-note tanks.(Brief Article)
November 1, 2005... There are two main issues that could affect 10-year T-note futures in November: inflation and economic contraction, says Robert Fuhrmann, account executive at My Futures Online. Currently, Federal Reserve Bank Chairman Alan Greenspan appears...

Managing the inflation risk.(Market Watch)
November 1, 2005... In September, hurricanes clobbered the Gulf Coast destroying homes and jobs, shutting down vital oil facilities, driving up energy costs, hammering consumer confidence and throwing economic growth in doubt. It was a "shock" if ever there...

Large yields calling the shots.
November 1, 2005... While the worst U.S. drought in 20 years caused havoc for certain farmers, as a whole the government predicts corn may see the second largest yield on record and analysts believe soybeans may be in a similar situation. How did this happen? Can...

Tech talk: what happens in soybean oil.(Brief Article)
November 1, 2005... Soybean oil is rarely seen as a harbinger for the entire grain complex but on some occasions it has been known to lead. What happens in soybean oil can have major implications for much of the grain and oilseed complex. At least, it has once a...

Gold has found new life.(Market Strategy)
November 1, 2005... The resilience in gold is becoming apparent in its decoupling from the foreign exchange value of the U.S. dollar and its immunity from the Fed's rate hikes and rhetoric. After consolidating for the better part of the year and finding solid...

Playing fundamental breakouts.(Forex Trader)
November 1, 2005... Currency pairs are really reflections of not only the continuing technical trading of buyers and sellers, but of the underlying economies of particular currencies. A currency is in effect an option on the economy of the countries or regions...

Getting a handle with adaptive limits: if you want to use overbought/oversold indicators more effectively, and if you want to use some of them at all, you need to examine ways to make them more adaptive to the markets they are measuring.
November 1, 2005... Overbought and oversold indicators are designed to help determine the excessive boundaries of a cycle in a ranging market. To profit from cycle analysis, the benchmarks of overbought/oversold indicators must be set so that most valid signals...

Volatility cues can lead equity prices: if you are a short-term trader, you need to watch volatility levels. They often offer better tips for future price direction than some of the most proven technical indicators.
November 1, 2005... There are many daily trend analysis tools, such as the relative strength index (RSI) and moving average convergence-divergence (MACD), that can effectively predict a coming change in price direction in a traded equity. However, the change may...

Simple system, big profits: you don't need to be a rocket scientist to catch the trend, but you do need to know which tools work best. Here's one simple approach.
November 1, 2005... That the trend is your friend is the first rule of trading. One of the easiest and most visual methods of trend following is to locate the moving average of the price data and trade with it. Experts have declared that trend trading is dead, or...

Taking your FX cues from intermarket analysis: can other markets provide guidance for trading forex? You have to watch them with a close eye and apply the right analysis tools to know how much you can trust them--if you can trust them at all.(TRADING TECHNIQUES)
November 1, 2005... Traders like to complain. A common complaint is that the reaction to the U.S. unemployment data, released on the first Friday of every month, is greater in the bond market than in the currency market. And how many times have you searched for...

Will the real price please stand up? Being surrounded by charts on trading screens, on TV and in newspapers, a trader's judgment, both conscious and subconscious, can be affected. When these charts do not always reflect the realities of real-world profits and losses, this can be a big problem.(TRADING TECHNIQUES)
November 1, 2005... Studies that examine the returns of futures-based investments often ignore unique aspects of these markets. Speculative futures positions exist amid many contracts with different expirations and prices. At the same time, prices, not...

Old school, hard nose, softs market: the softs markets have been affected by hurricanes, rebels and rampaging elephants. Despite their sometimes scary volatility, these markets offer some of the best trending markets for those with strong stomachs.(FUTURES 101)
November 1, 2005... For many newer traders. futures have become synonymous with interest rates, currencies and equity indexes. But it's the agricultural commodities that have been traded in New York and Chicago for more than 100 years, and offer some of the best...

Forex trading and education in one place.(Online Trading)
November 1, 2005... Forex trading has found its way onto the screens of many traders looking for alternatives to interest rate and stock indexes, but like any market, trading forex requires research, reliable quotes and education. Many forex platforms offer...

The Dynamic Market Lab.(Software Review)
November 1, 2005... The Dynamic Market Lab 264 Friedman Avenue Paducah, Ky 42001 (270) 443-8322 E-mail: mike@thedml.com Web: www.thedml.com OVERALL RATING: Excellent EXPERIENCE LEVEL: Beginner to advanced. PRICE: Prices range...

How were so many fooled? The saga of Bayou Management LLC and its affiliated funds is a complicated one involving several layers of fraud. We will take a look at what happened from one investors' perspective and see what lessons can be learned.(MANAGED MONEY)
November 1, 2005... By late 2002, early 2003 the long-term bull equity market was more than dead and high net worth investors, if they did not have the foresight to be diversified from a long-only equity concentrated portfolio, were looking to do just that. That...

2005 public funds returns (through September).(Funds Review)
November 1, 2005... Date Name of fund Trading advisor(s) started U.S. Closed Dean Witter Cornerstone Fund II Northfield Trading: Jan-85 ...

Not your granddad's grain silo: floor lovers say open outcry is the best way to deliver back-month calendar spreading for hedgers to strategically manage their risk. But the butchers are going electronic. Ditto the bakers. How long can the candlestick chart makers hold out?
November 1, 2005... Clive Furness has seen the future of open outcry. and it looks a lot like the present of electronic trading. A former director of business development at the London Commodity Exchange and then the London International Financial Futures...

Chicago Board Options Exchange.(CONTRACTS)
November 1, 2005... The Chicago Board Options Exchange (CBOE) has launched three new contracts: the CBOE Nasdaq-100 BuyWrite Index (BXN); a weekly option contract based on the Standard & Poor's 500 Stock Index (SPX); and Mini-SPX options, based on the SPX. The...

New York Mercantile Exchange (Nymex).(CONTRACTS)
November 1, 2005... The New York Mercantile Exchange (Nymex) has introduced three additional natural gas basis futures contracts on its Nymex ClearPort electronic trading and clearing platform. The futures contracts are based on the differential between the prices...

Dow Jones Indexes.(CONTRACTS)
November 1, 2005... Dow Jones Indexes launched two currency indexes: The Dow Jones Euro Currency Index and The Dow Jones Euro Currency 5 Index, which measure the value of the euro by tracking the exchange rates of countries with significant economic relationships...

Eurex.(CONTRACTS)
November 1, 2005... Eurex has launched volatility futures, which allow market participants to hedge against volatility on the German, Swiss and European equity markets. They also can exploit volatility differences inside and outside of the European equity markets....

Linedata Services and Thomson Financial.(SOFTWARE)
November 1, 2005... Linedata Services and Thomson Financial have announced a distribution partnership that integrates LongViewTrading into the suite of Thomson Financial's services, including Thomson ONE, TradeWeb, AutEx and Portia. Thomson Financial will...

Trading Technologies.(INTERNET)
November 1, 2005... Trading Technologies (TT) has launched its new Equalizer order entry tool, a plug-in applications for X_TRADER Pro. The new order-entry tool displays market depth horizontally to save space and features a static price ladder, single-click order...

Trading Stocks and Commodities with the Insiders Secrets of the COT Report.(Book Review)
November 1, 2005... Trading Stocks and Commodities with the Insiders Secrets of the COT Report By Larry Williams Wiley Trading 209 pages (Hardcover), $49.95 While you may have read many articles and book chapters about the commitment of traders...

The Demise of the Dollar ... and Why it's Great for Your Investments.
November 1, 2005... The Demise of the Dollar... and Why it's Great for Your Investments By Addison Wiggin John Wiley and Sons 218 pages, $16.95. Sound the alarms! The sky is falling and the day of reckoning is imminent! Sound interesting? If...

Contract dates.(Dateline)(Calendar)
November 1, 2005... 1 FND: BM & F Alcohol F, Sugar F, Nybot Orange juice F, LTD: BM & F Alcohol OF, iBrX 50 F, Sugar OF, Euronext-Liffe Dec White sugar OF. [TABLE OMITTED] 2 LTD: CME Oct Weather F. 3 FND: BM & F Dec Cotton F, LTD: CME Oct Milk F, OF,...

Events coming up.(Calendar)
November 1, 2005... Call the numbers listed for more information. For other seminars, see the classifieds on pages 88-93. 21st Annual Futures and Options Expo 2005. NOV. 8-10. Hyatt Regency, Chicago. www.futuresindustry.org. (202) 466-5460. Fund of Funds...

Dekker scores with systematizing.(trading)
November 1, 2005... After getting his start in trading with short-term breakout strategies, Jason P. Dekker, CEO of Dekker Capital Management, found that the consistency of system trading brings better profits. Dekker created his Global Diversified Futures...