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Both education costs were next to nothing... I went to university in France which is almost free and the worst drawdown I had on my initial stake at trading futures was around 2700$...

http://online.wsj.com/article/BT-CO-20120327-709008.html?mod=dist_smartbrief

That's right. I read it about 3 years ago so I don't remember well, but it's all global macro traders.

Cool. Will we read your interview in it?...:)

Have you guys read "Hedge Funds story" from Steven Drobny? It was quite good IMO, same subject( Hedge fund traders ) and format( interviews ala Market Wizards).

http://www.chinadaily.com.cn/cndy/2012-03/23/content_14894419.htm

http://thetradenews.com/Asia_Agenda_Archive/China_won_t_be_Shanghaied_by_HFT.aspx

I mean "C'mon". I don't say everybody had dirty hands but for example, one who will likely get paid is Bradley Abelow, former COO, because "Brad"(...) is really helpful according to Louis Freeh. This guy was just under Corzine and had for sure a really important role in the firm's policies...

Common. There was no way to "invite" people potentially facing criminal charges to collaborate and reveal how they created their own mess? Or even just paying them a bit less than 6 figures for their good job? I hope some of them will have a bit of honor and renounce it, but I won't hold my...

Everytime I read about MF, I think about the call I got from their sales in the UK when I was looking for a new broker in 2009. They didn't accept the rate I was proposing but I think I wouldn't have created an account with them anyway. This firm didn't smell good after the Evan Dooley...

http://www.bloomberg.com/news/2012-03-21/netherlands-doesn-t-support-proposed-financial-transaction-tax.html

Wow... LIBOR, silver, gold, greece... this guy must be quite high in the ladder to be involved in so many problems... Or perhaps he just summed up what everybody can read about JPM in the news....LOL

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FAT : An extra tax on corporate revenues for all financial institutions. Bank Tax : A tax on liabilities or profits for all banks presenting a systemic risk( and thus may receive help from taxpayers ) Stamp Tax : FTT at the exchange level( the non exempted traders disappear but they can...

Behind bars? What are you talking about? Louis Freeh wants to give them 6 figures bonuses...:D (:mad: )

Hello, I have my little one-man entity in France and a corporate account at a big Chicago FCM. I trust them in being conservative in their client funds management and segregation, but in the case they "pull an MFGlobal", how will I be treated compared to american customers? individual...

CME website says 5-2-4 :http://www.cmegroup.com/clearing/margins/inters.html#e=CME&a=AGRICULTURE&p=FC, but the ratios on the website usually makes no sense. Perhaps they are talking about 5 mini-corns??? Anyway, yours makes a lot more sense. Another CME pdf was talking about 1-1-2.

Nice. Juncker is an heavy weight. If they are now trying to seek an agreement on a bank tax or a tax on liabilities, the threat of a FTT will diminish greatly. Sarkozy is starting to look like a clown with his retail stamp tax with toppings ... And it's already voted...LOL There seems to be a...

He 's a complete loser at trading, he doesn't have more expertise than the typical journalist who whine about HFTs, but he says something true about what 's wrong in today's fund managing business. John Paulson has become a billionaire with fees while losing money in absolute terms.

Thanks for the link to the PDF. I used CME credit ratios to choose the 3:2 one: http://www.cmegroup.com/clearing/margins/inters.html#e=CME&a=AGRICULTURE&p=FC. It is true that this spread was ill conceived considering the expiries I chose. I later read the the CME pdf and discovered a more...