January 2016

By Daniel P. Collins
Every year that I have covered this industry, Futures and now Modern Trader has been taking the pulse of the futures brokerage community once a year.
By Daniel P. Collins
Every year that I have covered this industry, Futures and now Modern Trader has been taking the pulse of the futures brokerage community once a year.
By Garrett Baldwin
When it comes to markets it seems that trading grows more complex by the day—one could say even by the minute—but we no longer measure markets in minutes or even seconds; it’s now microseconds.
By Garrett Baldwin
Since it was publicized that trading firm Virtu Financial had only one losing day during six years, there has been rampant speculation and suspicion as to what they actually do. We get it straight from the horse’s mouth in a conversation with Virtu CEO Douglas Cifu.
By Daniel P. Collins
IntercontinentalExchange Chairman and CEO Jeff Sprecher was our person of the year for 2014 and an outspoken advocate for structural change in how markets work. We caught up with Sprecher at this year’s FIA Futures & Options Expo to talk about ICE’s recent acquisition of Interactive Data and market structure issues.
By Daniel P. Collins
Brad Katsuyama burst onto the scene with the publication of Michael Lewis’ book “Flash Boys: A Wall Street Revolt” as the fair haired boy saving ordinary retail market participants from the evil high speed traders. Katsuyama, founder and CEO of IEX, launched his alternative trading system, IEX, on Oct. 25, 2013, with plans to create a competitive stock exchange. Two years later, IEX is close to becoming an exchange, so we thought it was a good time to catch up with Katsuyama.
By Daniel P. Collins
The machinations surrounding the multi-year speculation regarding when the Federal Reserve would raise interest rates got old a long time ago.
By Garrett Baldwin Daniel P. Collins
We are nearing the end of a remarkable year and Modern Trader wanted to recognize the key moments that made 2015 so memorable.
By Daniel P. Collins
Intercontinental Exchange announced that it has entered into a definitive agreement to acquire Interactive Data Corp.
By Daniel P. Collins
Yes, commission compression continues, regulatory and compliance costs rise and interest rates are still at zero, but the FCM community is moving on.
By Ronnie Moas

Like many other businesses that went through the IPO process in 2014, Kite Pharma (KITE) is involved in the biotechnology and healthcare industry. The small companies in this industry aim to focus on one area in the hope of finding a profitable solution to a disease that is currently not served adequately, or one that is completely untreated.

By John Rawlins
Cycle Projection Oscillator: Rocket science meets markets
By Howard L. Simons
It’s expensive and risky to run an airline. Part of that risk is rooted in the volatile and unpredictable nature of jet fuel. Traders can get in on the action with ultra-low sulfur diesel fuel futures.
By Brent Plunkett
The healthcare sector has been one of the U.S. economy’s strongest during the recovery from the Great Recession.
By Christine Short
Criticism over inflated drug prices hit a fever pitch in 2015
By Joe Cornell
On Oct. 21, 2015, Darden Restaurants (DRI)—with a stock value of $64.09 and market capitalization of $8.2 billion—announced details related to the planned spin-off of Four Corners Property Trust Inc., a separate publicly traded real estate investment trust (REIT).
By Ronnie Moas

At one point last year I was with a zero weight in the overvalued healthcare sector. 
What is notable about this is being zero weight in a ‘defensive’ sector even though the market was overvalued and my strict policy is against taking big sector bets. 

By Ellen R. Wald
At least now we have a settlement to the seven-year Keystone XL pipeline debate.
By Michael J. Corbett
According to AARP, there are more than 7,000 baby boomers that turn 65 every day and well more than 40 million individuals older than 65. Since aging typically leads to increased need for healthcare, it is no surprise that many investors view healthcare as a growth industry.
By Brent Plunkett
Healthcare was the worst performing sector in the S&P 500 during the three months ending Oct. 27 with a return of -7.5%.
By Alex Krishtop
A common question for traders looking to build a trading system is what time frame to use.
By Abe Cofnas
As 2016 begins, the strength and direction of the U.S. dollar will be one of the most important fundamental forces that will affect forex trading.
By Steve Reitmeister
The Zacks Industry Rank divides companies into one of 265 industries. That is a very granular approach to find very specific industry niches with the most upside potential.
By J Burr Vannatta
J Burr’s Best Albums of 2015
By Hillary Choo

As with most areas of interest considered a craft, the tools of the trade can often separate a professional from a novice. While there are many substitutes or alternatives that can be used in a pinch, having the right bar tools will make creating cocktails from recipe or scratch not only easier, but more fun.

By Daniel P. Collins
The Commodity Futures Trading Commission released its fiscal year 2015 enforcement numbers, which showed that the agency filed 69 enforcement actions and levied a record $3.144 billion in civil monetary penalties.
By Steven Zhang

If you invest in Biotech stocks and you are still in the game after this year’s wild ride, then you are more courageous than most. Or, you are the one who has been driving sales growth in TUMS. 

By Murray A. Ruggiero Jr.
As part of an ongoing series on advanced high-frequency trading systems, we will learn more about advanced data analysis techniques and how they apply to trading.
By Garrett Baldwin

From a young age, Christopher Gersch has had a fascination with airplanes. Growing up in Rolling Meadows, Ill., northwest of Chicago, he had a direct line of sight to O’Hare Airport every day. 

“I would see 747s turn above my house toward their final approach and I would wonder where they had been, where they were going and what it was like to fly for a living.”

By James Cordier
It’s best not to try and outsmart the market; fundamentals and technicals are working against the natural gas market.
By Leslie N. Masonson

21st Century Point and Figure: New and Advanced Techniques for Using Point and Figure Charts
By Jeremy du Plessis
Harriman House LTD

By Michael Thomsett
Is the put ratio backspread a bear play? It can be, but also will be profitable with an increase in volatility.
By Paul D. Cretien
The softs sector—unlike other sectors—are a group of non-correlated markets, which typically would make them poor candidates for intermarket spreads. Volatility, however, may unlock opportunity for profit.
By Nathan Kay
Is mitigating volatility as simple as buying the dips?
By Perry Kaufman
Volume offers valuable information on the intentions of buyers and sellers, the potential for diversification and, at the minimum, another piece of the trading puzzle.
By David Miller
On Nov. 3, 2015, a federal jury in Chicago found commodities trader Michael Coscia guilty on six counts of commodities fraud and six counts of spoofing, the first criminal conviction for that offense under the Dodd-Frank Act.
By Leslie N. Masonson

The New Trading for a Living
By Dr. Alexander Elder
John Wiley & Sons, Inc.

By Christopher Mistal Jeffrey A. Hirsch
The January Barometer predicts the year’s course with a .754 batting average.
By Leslie N. Masonson

Being Right or Making Money (Third Edition)
By Ned Davis
John Wiley & Sons, Inc.