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Being a lifelong Chicagoan, when I thought about trading when I was younger, the first thing that came to my mind was commodities, like corn, soybeans, pork bellies, etc. Now I know that they're futures, and I know that bond stuff is bigger in Chicago, too, not stocks. Everyone knew a...

I agree with much of what was said here (about journalists masquerading as analysts; market cheerleaders, etc.), but after all, isn't everyone watching anyway? I mean, CNBC isn't just for amateur investors. The pros watch it too. When I interned at UBS muni bond desk in NYC, the traders watched...

I don't know much about London's trading sector, but 90% seems like a pretty steep estimate. Are they mostly a bond city? Don't they have a sizeable presence with energy and metals as well? Anyway, it's scalpers that are most likely going to be affected. It's easier to program trade interest...

Seems like this has happened more often since grains went side-by-side electronic. I wonder if it's management throwing a bone to pits guys every once a while (kidding). Still, this is why guys say the floor will always be around...in case of things like this. Would've liked to have seen the...

Have you seen CME's earnings compared to NYSE? I mean, CME operates a daily multi-trillion $$ derivatives market that makes the NYX's staple stock trading (I know, I know, they're trying to get into equiy derivatives now) look like peanuts in comparison. Everyone know's that Chicago is the REAL...

When did Nov. start trading? Yeah, the settles say X06.... When do the months rollover? And why didn't the Nov. contract get crushed today?

Seriously, I don't see what happened either (not trading yet -- just observing the market). Look at the settle price on NYMEX????

Thought I read on here somewhere (maybe a different thread?) that T. Boone said nat. gas would never drop below 4.50 in his lifetime..... Wonder what his position looks like now???

How did you guys get set up your brokerage accounts? Individual or some sort of corp.? Also, anyone have any opinions on which type of incorporation is best for the following scenarios: 1) If I plan on trading my own money in the immediate future, but may add family and friends funds'...

Have heard this as well from a friend who clerks for an independent local in the heating pit...the local had been there for three years before the brokers started to warm up to him and were willing to trade the good orders with him. But to be fair, a lot of pits are this way...some more so...

I should clarify, I'm interested to know when the ELECTRONIC market is most active....

Was just looking at the NYMEX website and noticed that open-outcry trading hours for most products was 10AM-230PM Eastern, but futures trade almost 24 hours a day (similar to CBOT/CME interest rate products, but different hours obviously). Would I be correct in assuming that these markets are...

Good idea nazzdack, I didn't even think to call the folks at CME -- they certainly have been hyping their courses and books to folks on the floor that's for sure. Riskarb -- that is an awesome pdf/guide! It even includes info. on the greeks below the charts! I might just print those out and...

Thanks for the links, fellas. I know if you're trading intraday, obviously charts and technicals are going to matter most, but before jumping into this market, I'd like to get my feet wet and start reading up on the industry. I didn't realize there was this much info. out there --...

My old firm has a poster from the CME with the charts of all the various options strategies on it. I am looking for a similar poster. Already checked the CME giftshop and no luck. The two sites that I found that carry the posters are both based in Australia (sharetradingeducation.com and...

I interviewed with them last year. Good group of guys who know their stuff. When I talked to them their bread and butter was fixed-income, bond-basis stuff, which has been a tough market to make money in, so I passed. Don't get me wrong, some guys still thrive on the basis (I'm sure some will...

I'm curious for those guys that trade the energy markets: what do you read as far as newsletters, magazines/journals, or websites are concerned? How do you keep abreast of what's going on in the industry? Or are you guys just watching your charts?

Hey guys, A buddy of mine and me were dreaming the other day of starting our own shop (not that we're ready just yet) and the topic of office space came up. Ideally, a small one-room (>800 SF) in or around the CBOT or CME would be ideal, but any where along LaSalle or Wacker would work...

Lazare Printing Co. in Chicago is where our trader's get their cards from. Their website is: http://www.lazareprinting.com/ Click on broker's cards (not sure why they call it this -- traders use these cards too) http://www.lazareprinting.com/bk_cbot.htm You can check out CBOT & CME...

Thanks for the replies. Yes, I would definitely like to learn how to trade treasuries on the intermediate and long-terms. But is it possible to learn this strategy at a prop. shop aimed at day-trading? I know one guy at big Chicago firm who can carry positions overnight because he is experienced...