We have been writing market forecasts at Futures and now Modern Trader magazine for decades. Anyone can provide a market outlook or opinion, so the test I always used was the logic behind someone’s forecast. It could be fundamental or it could be technical, but it had to make sense, there had to be logic behind it.
When the Intercontinental Exchange (ICE) bought the New York Board of Trade in 2006, David Martin understood that his floor trading days were numbered and began to prepare for life as an electronic trader—and eventually as a money manager.
I recently had a conversation with industry stalwart and head of Wedbush Futures Carl Gilmore, and he mentioned that he and other leaders in the FCM space have had discussions wondering who will be the leaders of the industry 20 years from now.