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This I know from personal experience: Big Spec and Commercial Accounts almost always put on or take off a position within a specified, predetermined trading range. And they ICEBERG orders. I did it personally on a Commercial energy desk. I’ve seen floor brokers and screen brokers do it for...

The earliest recognized futures trading exchange is the Dojima Rice Exchange, established in 1710 in Japan for the purpose of trading rice futures. ... The United States had the earliest official commodity trading exchange in the west, the Chicago Board of Trade (CBOT), formed in 1848. And in...

You're kinda asking a misguided question for a number of reasons. IMHO your two most important considerations are: 1. the capital for margin you have available to you, and 2. your trading system edge. Item 1. is known for all the markets you listed. Item 2. will be quite variable and highly...

How Costco’s $4.99 Rotisserie Chickens Will Transform Agriculture in Nebraska https://www.eater.com/2018/12/11/18136019/costco-rotisserie-chicken-farming-agriculture-nebraska Apparently Costco already does this for it's sausage and hot dog Kirkland house brands - they have their own meat...

Well, I'm not making excuses for Greenspan - I'm going to make a finer point on your thesis. Congress (even more specifically Barney Frank and Chris Dodd on the House Financial Services Committee) foisted the Community Reinvestment Act upon us - which of course required Fannie Mae and Freddie...

At this rate, you're more likely to be able to buy at $3K - possibly even $2K. My guess is that you have quite a few specs who entered fresh longs at $6250-ish and they couldn't be terribly pleased. Judging by November's price action - it's a big room with a very small door.

I am also an Ozark series fanboy. It's filmed around Lake Lanier, Georgia which is about 1,000 miles from the Ozarks but the scenery around the lake is similar enough to an Ozark reservoir. The Ozarks are just a foil - much the same as Albuquerque New Mexico and Breaking Bad. IMO obviously...

https://www.bloomberg.com/opinion/articles/2018-12-11/yep-bitcoin-was-a-bubble-and-it-popped Yep, Bitcoin Was a Bubble. And It Popped. Millennials, like generations before them, just got a painful lesson about speculation. It seems like every asset bubble has a famous anecdote of someone...

You are so right to bring up the element of personal accountability in the face of present day reality. Realities that you cannot change. Realities that a trader could actually exploit if he were smart and clear headed about his approach. It might also be fair to say that to create within...

By chance is that data showing implied and conditional orders?

If a whale puts a 2000 lot bid five below the currently trading bid - and is simultaneously working offers that get filled, yeah that’s spoofing. But to answer your question about why he pulls his bid before the market gets there - he knows he’ll get filled and he’s surely already quite long...

That’s a great market microstructure breakdown. :thumbsup: I saw the same thing in the CBOT Bond Pit, same thing on DTB, same thing on Eurex, same thing on CME... and on and on. Seen it in the OTC Swaps market. Seen it in the INC/DEC Power Market. And it’s always the small minnows that fade...

He’s not trading any of the markets I’m involved in - and I’m pretty much into them all. During off hours if I improve a bid or offer the depth of market will adjust slightly but so what. It did that before Algos and HF trading came along. If I hit a bid or lift an offer I’m going to get...

Oh please. :banghead:

The CFTC’s “Failure to Supervise” law is Regulation 166.3, and it requires a firm to employ diligent supervision of its employees and activities. Naturally, this has created business opportunities. Trading Technologies has an AI based surveillance system to monitor system order...

Here’s the actual section of US law that makes spoofing illegal. I can’t see how the DRW Case has any bearing on this. Section 4c(a)(5)© of the Commodity Exchange Act (CEA) makes it unlawful for “[a]ny person to engage in any trading, practice, or conduct on or subject to the rules of a...

Here’s Citigroup, who paid a $25M fine and was told if they did it again - they would be banned from the CME. Which means they’d lose all their prime brokerage customers. https://www.ft.com/content/aa943ab4-de60-11e6-9d7c-be108f1c1dce

Oh yeah, they’ve been going after banks and prop firms HARD For spoofing. (Which is NOT what DRW was accused by the CFTC of doing btw). One big bank a couple years ago paid a big fine and was told if they did it again they’d be banned from the CME. (Which is huge because every customer they...

I tell my clients to avoid these illiquid product markets like the plague. In fact, I’ve got a rule for my clients about how much open interest and daily volume a product should have before they ever consider trading it.