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Ah, thanks, Covert. eSignal should update their online price for ICE data. Also, the CBOT will be listing energy contracts in June. Aaron Schindler Schindler Trading

Are you paying $60 per month for the ICE data on eSignal? Seems too high to me. Aaron Schindler Schindler Trading

For CTA's the NFA requires the drawdown to be listed in the ddoc. This is how the NFA words it in their guide to ddocs: "The disclosure of the past performance of the offered trading program must also include...the worst peak-to-valley draw-down experienced by the trading program during the...

Sure. You can structure the compensation however you like as long as it is fully disclosed in your NFA-approved ddoc. The most common methods of compensation are a percentage of assets, a percentage of profits, perhaps with a highwater mark and/or hurdle rate, and a portion of commissions. If...

Thanks for posting the answer, Buster. Aaron Schindler Schindler Trading

If you are talking about CTA's making cold calls to sophisticated investors -- sure, that's fine. CTA's are not prohibited from general solicitation. But hedge fund managers are prohibited from general solicitation for unregistered hedge funds. Aaron Schindler Schindler Trading

No, the accredited requirement has to do with unregistered securities, i.e. hedge funds or commodity pools. If the investor is going to open their own account and give a CTA power of attorney to trade it for them, there is no accreditation requirement. There is still the "suitability"...

Perhaps you are already aware of it, Joe, but there might be other readers who aren't... Every Wednesday morning (unless there is a Holiday on Monday, and then it is published on Thursday) the US government publishes market moving petroleum inventory data. You can find it here...

Thanks, Grob and Formika. I agree. Our current 8% standard deviation of monthly returns is a lot more comfortable than the 16% we targeted during 2004 when we had the 50% drawdown. I sleep better at night without hundreds and hundreds of contracts on and earlier this month I even took my...

Thanks Darth and Ellokn! We certainly use multiple indicators per market, but they are all combined into a single "strategy". But it kind of comes down to semantics... You could call the different indicators, different "strategies" and say our net position is the result of combining these...

Thanks Surfer, Jay, Indahook, Thunderdog, Uptil, Winter, Pepper John, Quenkish, and Waterloo! Yes, all reported returns are net of all expenses and fees and are what the investors actually earn. The gross returns are higher. Schindler Trading has plenty of capacity (that a euphemism for...

Thanks, Surfer. That's pretty strange for art -- preserved sharks! Schindler Trading keeps plugging away -- taking some money out of the market here and there. '06 is going to be a good year, I can feel it! :) Send me a PM sometime with your email address. Aaron Schindler Schindler Trading

It's a group from Padova, Italy, that trades stock index futures. They use a short term trend following approach with a holding period of a few hours and sometimes overnight. Aaron Schindler Schindler Trading

With currently 20 votes for gold and 1 for the S&P, would the contrarian short gold and buy stocks? Me -- I think long MSFT/short GOOG is _the_ trade for 2006. We'll see! Aaron Schindler Schindler Trading

Ah, very nice! Thanks, Steve.

Yes, good point! I was looking for that feature myself. I am glad to see that IB added a feature whereby you can reopen a closed trouble ticket for up to a week after it is closed. Sometimes the customer service people give you an answer they think solves your problem and then close your...

Back in 2001, as a newly minted CTA, I made my first trade in the Schindler Trading Program. It was an exciting day for me and I wanted very badly to make my first couple of investors some money and to start what I hoped would be a profitable track record. My systematic strategy had me go long...

FYI... <b>Exchange to Reduce Size of NYMEX miNYTM Natural Gas Futures Contracts</b> NEW YORK, N.Y., December 5, 2005 — The New York Mercantile Exchange, Inc., announced today that it will reduce the size of its NYMEX miNYTM natural gas futures, beginning with the February 2006 contract...

Schindler Trading trades the QM and it's a great market. Even now at 10pm Eastern time it is a one tick market. Natural gas was too thinly traded last time I looked and we don't trade it. Aaron Schindler Schindler Trading

*laugh* Thanks, Wareco.