Recent content by theshrink

  1. T

    Tortise Trading

    Right now, options on Euro, Crude Live Cattle, Silver, but it varies a lot depending on what i can do to stay within my gamma parameters for risk management. I used to trade bean options on the floor, but gamma on all grains is a bit higher than I would like right now, and I also try and avoid...
  2. T

    Tortise Trading

    Considering re-opening my CTA after about 15 years away. I primarily sell premium, and will post all trades from my personal/proprietary account here on the day they are executed. My trades tend to run about a month or a bit longer, and in a variety of markets. Nothing flashy, the new name comes...
  3. T

    Is Trading Just Guessing?

    It's worth remembering that operating a casino is also "gambling", but all of Las Vegas was built on a relatively tiny house edge.... And most insurance companies (pretty much analogous to delta neutral option sellers or other hedged positions) do pretty well for themselves by accepting and...
  4. T

    CME Membership - CTAs

    Good point, I had overlooked that even though it actually happened to me once when I was a CTA..... Not too common unless you know a lot of locals, though.
  5. T

    CME Membership - CTAs

    CTA clients do not get member rates.
  6. T

    Registering as a CTA with the NFA

    Under rule Rule 3a43-1(b), CTA's do not generally have to register with securities regulators unless they are involved in securities transactions rather than futures-only.
  7. T

    Registering as a CTA with the NFA

    If your question is just how long does it take to register, it can easily be done in a couple of months, I know a few years ago, I managed in about 4 weeks, and I know people who have done it recently in about that amount of time. There is even boilerplate language for your disclosure document...
  8. T

    Registering as a CTA with the NFA

    It really depends on how long it takes you to put together your disclosure documents and all the paperwork, and how well you do it the first time (i.e. how much does it have to get rewritten, etc.) If you follow all the instructions carefully, you can probably get it all done and get approved in...
Back
Top