Pete Nessler, CEO of FCStone Group, was raised in Chicago but earned his stripes in the grain fields of Iowa. Working with elevators and farmers, he helped turn Farmers Commodities Corp. from a group of co-ops into the international brokerage firm INTLFCStone that it is today.
Much as the Federal Reserve relies on “communication” and “forward guidance,” the task of clearly signalling its intentions to financial markets is not getting any easier in wake of the FOMC's surprise decision not to reduce asset purchases on Sept. 18.
Hidden Markov models are making inroads into institutional trading. Their applications are broad. One, forecasting future indicator values, can give you an edge trading the currency and commodity markets.
W.D. Gann is well-known among trading gurus. However, we know little about the thought process behind his approach. Some believe Gann’s 1920s science-fiction novel, “The Tunnel Thru the Air,” contains the hints we seek.
The past couple of years have been rough on experienced traders, not to mention emerging managers. In our annual review of new talent, here are three managers who successfully have ridden out the post-2008 aftershocks still affecting the business and markets.
Chad Burlet and Bob Otter became friends when Burlet directed the cash/futures convergence trade for Cargill and Otter executed Cargill’s soybean trades on the floor of the CBOT. More than 30 years later that friendship turned into a partnership leading to the creation of Third Street Ag in 2012.