Futures Magazine September 01, 2011
Cover Story
Michael Stumm: Renegade engineer
Having helped create one of the most innovative forex platforms, Stumm views success by his ability to be disruptive
Cover Story
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Forex outlook: The ugly contest
With disheartening data from every part of the globe, currencies are fighting to be “least bad"
Trading Techniques
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Trading option break-even prices
Using logarithmic calculations, we can understand options and the importance of upper and lower break-even
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How to trade the carry trade
The forex carry trade is a simple concept that has a place in most portfolios. Here are the benefits and risks
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True cost of learning: Model implementation
Getting started in currency trading? There’s a lot that can be learned from a student-run, expert-guided, forex fund
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Mining for profits in modern markets
Data mining is a potentially profitable method of identifying inefficiencies, but always should be done with caution
Technology & Trading
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Using the broken-wing butterfly options strategy
A broken-wing butterfly option spread offers the upside of a butterfly but at a fraction of the cost
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HFT: How fast can you really trade?
High frequnecy traders are always looking to go just a little faster, but that's created the wrong perception of what they actually do
Forex Trader
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Reading monthly cycles in EUR/USD
In the volatile world of currencies it always pays to grasp the big picture
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Special section: Forex broker review
Retail forex traders look for different attributes in the brokers they use. Here we measure a group of 16 forex brokers on numerous metrics
Futures 101
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Dueling markets: Forex futures vs. spot forex
There are pros and cons for trading either currency futures or spot forex. Here we let the experts explain the differences so that you can decide which is best for you
Industry Trends
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European financial regulation update
As European markets lurched from crisis to crisis over the last year, regulators have gotten creative in their response
Markets
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Tech talk: Kiwi feels long-term damage
The NZD/USD pair retraced significantly over the first week in August
Editor's Note
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Global warning
September 2011 editor's note from Ginger Szala
Book Reviews
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All About Investing in Gold: The Easy Way to Get Started
Review of "All About Investing in Gold: The Easy Way to Get Started"
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Mastering Trade Selection and Management
Review of "Mastering Trade Selection and Management: Advanced Strategies for Long-Term Profitability"
Market Analysis
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Bullish corn? Buy wheat
The month of July was an unmitigated disaster for corn pollination
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10-year Treasury note reaching higher
Futures on the U.S. 10-year note moved sharply higher after Standard & Poor’s downgrade
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Cotton finds floor after precipitous drop
While cotton had a near year-long run up to record highs ending this spring, it now has retraced
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Gold plays role of fear barometer
Gold has enjoyed a long bull-run with near daily headlines recently
Managed Money
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Commodity me and hold the contango
One of the drivers of long-only commodity indexes was the return these vehicles earned from normal backwardation
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The short-term trading dilemma
Building a short-term strategy takes more than simply applying trend-following to a shorter time frame
Options Strategy
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Using a 1x2 options ratio spread
When the equity and commodity markets get choppy, traders and investors begin to look for strategies to
New For Traders
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New for traders: Commodities
New commodities products
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New for traders: Forex
New forex products
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New for traders: Options
New options products
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New for traders: Financials
New financial products
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New for traders: Technology
New technology products
People
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Emil van Essen snags TT VP
New employees and promotions in the trading industry
News
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US debt downgraded
When Standard & Poor’s downgraded the United States’ long-term debt on Friday, Aug. 5
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SEC scrutinizing large traders
The SEC recently gave itself more oversight over high-frequency trading firms and hedge funds
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Carbon marches on
ICE last year shelled out roughly $600 million for Climate Exchange PLC
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Back to school
When electronic trading was in its infancy, exchanges held simulations for members and clerks
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Chartview: Naughty & nice list
The Standard & Poor’s downgrade of U.S. credit came as a shock to some and was dismissed by others
CTAs
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Top CTAs June 2011
Top CTAs for June 2011
Hedge Funds
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Hedge Funds June 2011
Hedge Fund performance for June 2011
Public Funds
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Public Funds July 2011
Public Funds through July 2011
Exchange News
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Forex Trader's Bill Of Rights
Michael Stumm helped create one of the most innovative forex platforms that brought institutional efficiencies to the retail trader. Stumm views success by his ability to be disruptive, which he discusses here
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Michael Stumm: Renegade Engineer
Michael Stumm helped create one of the most innovative forex platforms that brought institutional efficiencies to the retail trader. Stumm views success by his ability to be disruptive, which he discusses here
-
Michael Stumm: Renegade engineer
Michael Stumm helped create one of the most innovative forex platforms that brought institutional efficiencies to the retail trader. Stumm views success by his ability to be disruptive, which he discusses here
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Stumm says transparency is the answer
Michael Stumm talks about his views on regulation in the financial marketplace
Trader Profiles
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Silicon Valley’s Levitt spreads his wings
Marc Levitt has been interested in trading and building quantitative models since taking graduate level courses in chaos theory