From the February 01, 2010 issue of Futures Magazine • Subscribe!
Alpari US has selected Newedge USA LLC as its FX prime broker. www.alpari-us.com
Interbank FX introduced intraday hedging to its demo accounts and intraday hedging to live accounts. www.interbankfx.com
Cocoa falls as concern grows over bean size and quality
The flow of cocoa from western Africa is down for seasonal considerations, and traders wonder about the quality and size of the mid crop after some hot and dry weather during the growing season.
Gold ETF outflows drag on metal as holdings drop to 4-year low
As inflation is low and equity markets are rising, gold-backed ETP investors have been rotating out of gold. The SPDR Gold Trust holdings dropped to a four-year low to 1,041 metric tons yesterday.
S&P 500 marches higher in face of “Fedspeak”
Overall, the bull market frenzy is picking up and we still believe the E-mini S&P 500 will finish this year at 1690 or higher.
SEC charges Chicago father, son in cherry-picking scheme
The regulator says Charles J. Dushek and Charles S. Dushek mixed funds with clients and allocated winning trades to personal accounts.