Recent content by jtrader99

chicago prop firms dropping like flies

I should note though, getting the CFA is not a bad idea if the prop scene doesn't work out for ya. I'd still say get it, just don't expect them to give a shit that you have it.

having worked the prop scene in chicago, I'll give you a little advice. CFA and series 3 don't hurt, but honestly, prop shops don't give a flying f*** at the end of the day. Decent grades and being able to show an interest and understanding of the markets along with outstanding math skills...

I think they used to actually make money ten years ago. LOL!

The GIM only gives you treasuries(maybe fed funds, I'm not sure). Treasury opts are the only thing that still trade on the floor (although less and less). Treasury fut pit is a joke, never comin' back. The only purpose of holding one of those is if you are a market maker in the opts on the floor...

I too would also guess 1 bean by 2 oil or 1 bean by 2 meal At my old firm we had an algo that used to trade meal vs. oil 1x1

i dont, my name just happens to start with a j

once they switched settlement to the screen last year in the CBOT ags, there is almost no volume in the pit anymore (there wasn't much even when it was still a pit settled contract). I haven't looked but they probably trade more spooz in the pit than beans or corn.

Do you realize the original teacher of the "turtle" system, Richard Dennis, started out as a grain trader at CBOT in the wild 1970s???!!!!!!

how did your interview go? What type of questions were asked? I am in the same boat as you, worked in Agricultural commodities for awhile and on a rates/bond desk for a year and looking to try and move to electricity/energy trading. seems there is a lot of opportunity in this area of the...

highly correlated spread would be the proper term

Ten year futures have much less duration than ten year cash. I'm assuming you're referring to the on the run ten year also. There are a lot of factors that make this spread move, it's not arb

Fixed income butterflies involving Cash and Futures spreads Most common one is +ZN-10y+ZB I don't know what the proper ratio is anymore, haven't traded it in a long time. stat-arb is a loosely used term these days, some people consider Comex Copper against Spooz a stat-arb spread. I...

at a prop shop I clerked at a ways back they did spu/nas in 1x2 you get a partial credit though for any combination

there are a couple websites that I imagine can probably provide the information, profarmer comes to mind, but it's not free