Departments
Book Reviews
There have been numerous research projects conducted on investor behavior and one universal finding is that many investors act against their own interests. Investors invariably buy high and sell low,...
Pairs trading is a market-neutral investment strategy that attempts to take advantage of temporary anomalies between related stocks. Ehrman’s text, though not an exhaustive treatment of the subject,...
Market Analysis
More and more corn is being allocated for ethanol production, and the proof is in the USDA’s ending stocks report, which came in at 935 million bushels. “Anything under a billion is friendly,” says...
In December, European Central Bank President Jean-Claude Trichet said he was “closely monitoring developments,” language that has presaged rate increases. But he then waffled about a January hike. A...
Thomas says demand fundamentals remain unchanged and he expects supplies to remain stable, balancing renewed efforts by the Russians to increase production against violence in Nigeria. “But long...
Managed Money
The JWH Global Trust commodity pool has been somewhat of a vagabond in recent years moving from Cargill Investor Services to Refco Commodity Management and then into limbo with the Refco bankruptcy,...
In developing a market strategy for 2007, it is important to be aware we are currently in what is arguably the longest economic expansion in U.S. history, which began in 1933 with the Great...
The term commodity trading advisor (CTA) has become a misnomer of sorts. It describes active managers in the futures arena and is a legal definition, but most CTAs — particularly the larger ones...
New For Traders
The New York Mercantile Exchange Inc. (Nymex) has launched side-by-side trading of Comex miNYs, Asian metals and London metals futures contracts on the CME Globex and migrated the gold, silver,...
People
David Geen has been named European general counsel at The International Swaps and Derivatives Association. Previously he was executive director and senior counsel for Goldman Sachs International in...
News
The proposed merger between Euronext and the New York Stock Exchange (NYSE) took a giant step towards reality in December, with Deutsche Boerse calling off its bid for Euronext and regulators from...
The 977 members of the New York Board of Trade (Nybot) approved their proposed acquisition by the Intercontinental Exchange (ICE) by 93%, but days before the Dec. 11 vote, Nybot permit holders filed...
The board of directors of the CBOE on Dec. 12, submitted a rule filing with the SEC declaring that upon the closing of the proposed CME Holdings acquisition of the CBOT, the CBOE exercise rights will...