New for Traders: CME Group to expand base metals offering

CME Group

CME Group will expand its base metals offering with the introduction of Alumina FOB Australia (S&P Global Platts) futures and Alumina FOB Australia (Metal Bulletin) futures. Both contracts will begin trading on Sept. 26, 2016. Pending relevant regulatory review periods, these new contracts will be available for trading on CME Globex, for submission for clearing through CME ClearPort, and will be listed with and subject to COMEX rules.

 

MrTopStep BootCamp

MrTopStep.com is hosting a bootcamp Sept. 19 - 23. 

The MrTopStep BootCamp in September 2016 is a great forum to learn, trade, and share with the Pros of MrTopStep.  All are welcome, and our goal is to share and guide how we succeed in navigating and trading the markets.

The Bootcamp includes full access to the following:

IM Pro trading room

We’ll teach you how to use all of the great features in the room:
How to send a message
How to private IM
How to filter messages
How to alter the room layout
How to use audio
The difference between screen share and live charts

MiM

What is an order imbalance?
How do we get them?
What is difference between dollar imbalance and symbol imbalance?
What is a large imbalance?
How does MrTopStep use the MiM to trade, and how can I use the MiM effectively?

 

Bayer/Monsanto
German chemicals company Bayer AG (BAYN) announced plans in September to acquire  Monsanto (MON) for $66 billion including debt. Bayer raised its previous bid to  $128, the largest cash bid on record, to close the deal.

The acquisition will create a company commanding more than a quarter of the combined world market for seeds and pesticides, but also must be approved by European competition authorities. The transaction includes a break-fee of $2 billion that Bayer will pay to Monsanto should it fail to get regulatory clearance.


Context Asset Management

Context Asset Management, a provider of alternative mutual funds for retail and institutional clients,  announced that the Context Macro Opportunities Fund (“the Fund”), surpassed $100 million in assets under management on its one-year anniversary since the Fund commenced operations on Aug. 4, 2015. The Context Macro Opportunities Fund seeks total return with low to negative correlation to broad financial markets by using alternative investment strategies. Total return consists of capital appreciation and income.
 

CFTC

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order of Registration to Chicago-based Seed SEF LLC (Seed), granting it fully registered status with the CFTC as a Swap Execution Facility (SEF).

About the Author

Yesenia Duran is Managing Editor at Futures magazine. She has covered the financial industry for more than 5 years. She originally joined Futures in 2002 after graduating from Northwestern University where she majored in journalism.