Futures Magazine August 01, 2007
Software Review
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Choosing a trading software
It probably wouldn’t be wise to just pick a trading software or platform out of a hat when you’re starting out. There are too many to choose from, with many differences and similarities and pricing
Trading Techniques
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Taking stock of opportunities abroad
The pieces are in place for U.S. discount brokerages to begin allowing direct investment in stocks listed on overseas exchanges through online trading accounts. Ultimately, the fallout for the U.S.
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Trading London and European hours
Globalization has created four distinct blocks: Asia, Europe (dominated by London), the United States and the Middle East. With the Internet allowing effectively instantaneous communication between
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Price-action lines on the E-mini
You learn a lot about what doesn’t work day-trading the S&P market for two decades, but luckily, if you don’t try to get too complex, you also can stumble upon a setup or two that work quite well.
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Getting started in day-trading
The allure of day-trading is undeniable: Be your own boss, create your own schedule, work from home and make a fortune. That is the dream of thousands of day-traders. A few will experience much of
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Day-trading defined
By definition, a day-trader enters and exits the same positions during the course of a single trading session. A day-trader does not hold positions overnight and may only hold them for a few seconds
Technology & Trading
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Trading grain spread mechanically
When trading moved into the modern age, with sophisticated trading system development software that gave individual traders the ability to test their ideas on the market without adding a professional
Forex Trader
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Smarter forex regulation
A n important aspect of trading spot forex is the fact that the price the trader sees is an artificial creation of the firm the trader is trading with. In a currency futures contract, and in an
Industry Trends
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Making the U.S. capital markets more competitive
In late June, Treasury Secretary Henry M Paulson, Jr. unveiled a list of policies he said needed to be reviewed as part of a plan to make the U.S. capital markets more competitive. All of the
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Regulatory changes in Europe
You can’t accuse U.S. Treasury Secretary Henry M Paulson, Jr., of ignoring expert advice. His recently-announced “capital markets competitiveness action plan” (see “Paulson’s Plan,” below) is a
Markets
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What's behind the recent rally in equities?
Equity markets in the United States, with the exception of the sharp correction in February and March, have marched consistently higher since July 2006, breaching record levels. But with a
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New COT report signals opportunities
Since the beginning of the year, the Commodity Futures Trading Commission (CFTC) has been issuing a “Supplemental Commitments of Traders Report” each week that breaks out the reportable positions of
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Cycles lead way in S P 500
As noted previously in this space (see “Tech Talk,” March 2007), 2007 may trace out a very meaningful cycle point. The August-September time frame has the potential to produce the most meaningful
Editor's Note
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CME/CBOT merger goes through
After victory was declared by the Chicago Mercantile Exchange (CME) on the bidding war for the Chicago Board of Trade (CBOT) in the late afternoon of July 9, the skies opened up and it poured rain in
Book Reviews
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Trading STIR Futures: An Introduction to Short-Term Interest Rate Futures by Stephen Aikin
Although the book is introductory in nature, several areas are helpful for experienced traders as well. These include methods and techniques of spread trading, uses of zero-yield curves, and
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Way of the Turtle by Curtis M. Faith
Others didn’t do as well. Some have been discredited by their fellow alumni. Some never made it through the program due to lack of talent or violation of stipulations. Apparently even those members
Market Analysis
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British pound surges to all-time highs
The British pound sterling surged to all-time highs against the U.S. dollar in early July as British interest rates continue to rise. “The U.S. interest rate policy is no longer setting the tone for
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Natural gas prices plunge
All the drama in the natural gas markets is on Capital Hill. Since early June, inventories have picked up and prices have plunged from $8.40 per MMBtu to around $6.50. “It’s simple. There is more
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Wild weather whips wheat
In early July, wheat was trading at historic highs based on global supply and demand fundamentals. “We have a very short supply from the stocks-to-usage basis globally, and our domestic supply and
Managed Money
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Option writers handle Dow and S P 500 drop
One of the fastest growing managed futures strategies is also the one that comes under the most suspicion: option writing. The reason for its popularity is simple: it works. The reason for suspicion
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Fireworks at Lake Shore
The Commodity Futures Trading Commission (CFTC) filed a contempt of court motion against Lake Shore Asset Management Limited (LAM) for refusing to open its books, and a judge has frozen $238 million
New For Traders
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New for Traders
Trading Technologies International Inc. (TT) will connect its X_TRADER 7 order-entry platform to the London Metal Exchange (LME) in late 2007. TT’s LME gateway will provide access to futures on LME’s
News
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CBOT exercise rights come into play with CME/CBOT merger
On July 2, the Chicago Board Options Exchange (CBOE) announced a rule change granting qualified CBOT members exercising on the CBOE temporary CBOE membership status until the Securities and Exchange
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International news round up
ICE has agreed to acquire the Winnipeg Commodity Exchange (WCE), its clearing operations and physical delivery structure, for CAN $40 million, or CAN $62.08 per common share. The agreement is subject
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CBOT hits CME bid
From the moment the Intercontinental Exchange (ICE) announced its unsolicited bid for the Chicago Board of Trade (CBOT) on March 15, it seemed within the Chicago Mercantile Exchange’s (CME) power to
Trader Profiles
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Paskewitz’s contrarian approach wins in S&P
Paskewitz Asset Management (PAM) was created when its founder, Bradford Paskewitz, decided to do something more challenging with his skills in artificial intelligence and statistics, so he designed a
Breaking News
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Bank of Montreal losses objectionable
The Bank of Montreal (BMO) now says it has lost as much as $615 million trading natural gas at Optionable Inc., the Valhalla, N.Y.-based energy brokerage, which is partially owned by Nymex Holdings
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Energy regulation in spotlight over Amaranth
A Senate committee led by Sen. Carl Levin (D-Mich.) issued a report in July claiming that excessive speculation by hedge fund Amaranth Advisors caused wild price swings in natural gas markets in 2006
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CME wins CBOT
From the moment the Intercontinental Exchange (ICE) announced its unsolicited bid for the Chicago Board of Trade (CBOT) on March 15, it seemed within the Chicago Mercantile Exchange’s (CME) power to
