Search results

I saw the link and sent a quick mail this morning and received a replay back in less than an hour (inserted below). This pretty much confirms that dealing with the flat (cash only) accounts hasn't started as of yet. It appears from other posting that if an account has excess deposits (beyond...

No doubt banks would love to see exchanges dry up because regulated derivatives are probably lower margin due to their transparency. By default trading would move back to their books. I suspect the bankers were the ones who wagged their tongues enough to bring MF down. It was effectively the...

Nice links - Thanks for posting them. I can't add a lot here, except I read somewhere that accounts transferred via CME were moving with 75% of margin vs the original ~ 60%. This sort of validates the idea that CME located more client funds. It is fair to remember that MF Global had client...

The CFTC provides the following on their website regarding segregation of customer funds: In this case, I think cash is being constrained until a full accounting of the short fall can be made. This makes sense, but it does represent an opportunity loss for customers. Its an awful position...

A recent DealBreaker article (old news at this point) does have some interesting links that provide drill down into the question of permitted investment of segregated customer funds by FCM's. There is no final ruling on 17 CFR Parts 1 and 30 Investment of Customer Funds and Funds Held in an...

Exactly - If they don't get this right the implications are huge. Moving open positions was clearly job one. But stranding accounts that were flat raises a large number of questions. Where are the controls / audit trails that should easily identify movement in and out of segregated accounts...

Yeah after last week I guess we now have to be alert for brokers experiencing 'fast market conditions' in their corporate positions. Except there is no 'market' for their positions..... Its all counter party risk for the deals they do. The trend toward demands for 'zero execution costs' has...

The exchange / clearing house model is the central basis for the participation of small spec's in futures markets. Segregation / Protection of customer funds from corporate malfeasance is the principal reason we trust our brokers. Maybe the large FCM's and exchanges have just decided we...

Matcha - Fantastic goals - A great definition of CP :) I'm impressed with your flexibility and adaptability to market conditions. Based on my read of your journal, that has been your only real area of challenge in the past. Good lessons here for all readers - Thank You Went Fishing - Loved...

Here's a brief lesson courtesy of the CME's which references many elements involved, but clearly not all. OIL has a lot of "moving" parts - Just like everything else :) www.purvingertz.com/userfiles/.../PurvinGertz_WTI_Benchmark_Study.pdf

And the play is?

Gents - Ran across the following study (commissioned by CME) dated Jan 2010. I'm not finished reading but it clearly paints a good historical perspective on the WTI benchmark and current factors influencing pricing. Enjoy :D...

bone & local: Thanks for your replies. I honestly expected both of you to disagree on COT. I can appreciate both perspectives and will work this out for myself as I do more research :)

Good Thread - Fisher v.s. the talking heads spewing the same coolaide. Fisher doesn't have the conviction / concern of Kramer. Fisher makes good points about the $Peg and things ending badly. That said, we're really living with a banking system that basically blew it's self up via the...

LMAO - Discount Window for Luxury Automobiles +1 Don't worry your retirement fund is inflation hedging with CL so there will always be plenty of gas around if the EPA doesn't close all the refineries :D

KINGOFSHORTS - How about filling in a few economic details here to convince the rest of us to buy RB11N. http://www.cmegroup.com/daily_bulletin/Section61_Energy_Futures_Products_2010216.pdf +1

The yea / nay candle debate is interesting - Good Points for sure. Ya can't argue with taking home some winners. Gotta love that winrate :D In my view it says a lot about being able to read markets and act accordingly.

Good summation on the CL Spread thread. I bought one book on spreads years ago - It pretty much put me to sleep. But I do believe they play a much bigger role than flat price trading. I dumped a few more questions into the CL Spread thread - so we'll see who replies. I'm not much of a financial...

Great Thread Ladies & Gents :D Working to digest details - Here are some questions for any / all - If you have some time to respond 1. Do you think the new COT format which provides a greater subdivision of OI will be helpful for spread traders going forward? 2. How critical is COT...

I just worked my way through the "CL Spreads" thread and saw your posts there. For sure a wealth of good information from folks who understand that side of the business. The overlap between cash markets, OTC derivatives, and regulated futures is really a lot to get arms around. The convergence...