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  1. J

    Getting started in munis?

    Trading in muni note futures ended 2 years ago, muni bond futures ended 6 years ago. Termination of Trading in CBOT 10-Year Municipal Note Index As a result of its fundamental underperformance, lack of traction achieved by the designated market marker program and electronic market making...
  2. J

    Data feed with long range tick history?

    IB does not have tick data on any time frame as their data is snapshot data at a high frequency.
  3. J

    India is banning futures trading on various ag futures

    Um, that the price of onions was too CHEAP was the reason onions farmers got onion futures banned. The fact that onions are still cheap after 50 years must mean the the futures market had nothing to do with the cheapness after all.
  4. J

    Why IB ranked so low in 2006 US futures brokers list ?

    The data comes from the monthly CFTC FCM reports. Latest report is as of 03/31/2008 http://www.cftc.gov/marketreports/financialdataforfcms/
  5. J

    Large short position on BRK.A

    Most likely because of AIG losses.
  6. J

    Please Help? Need Answers

    ES closed at 1392.00 x $50 = $69,600 YM closed at 12824 x $5 = $64,120 At these levels 1 to 1 is close enough, but 11 YM to 10 ES is closer. If you use a broker that supports QuoteTracker you can set up a portfolio in QuoteTracker that follows the spread at your specified ratio.
  7. J

    Why is it called...

    You can read old news articles about Jesse Livermore and his operations at the New York Times online archive. For example - headlines and fisrt paragraph: LEWISOHNS CANCEL LIVERMORE ORDERS; Seneca Copper Drops to 18 , Low for This Year, After Pool Disagreement. FIRM REFUSED TO CLEAR...
  8. J

    Why is it called...

    Because Jesse Livermore was a stock operator. One of his principal business areas was running the operations of stock pools. Jeese Livermore made money any way he could and running stocks pools, both bull and bear, was one of the best ways to do it.
  9. J

    India is banning futures trading on various ag futures

    Onion farmers demanded that futures trading in onions be outlawed and in 1958 Congress passed the law (public law 85-839) making futures trading in onions illegal. The law is still on the books and there have never been any efforts to repeal it.
  10. J

    India is banning futures trading on various ag futures

    There is one commodity so instrumental to the general economic welfare of the United States that futures trading has been banned for 50 years. In 1958 Congress passed public law 85-839 that banned futures trading in onions. Yes, indeed you can legally trade futures on any commodity you want...
  11. J

    India is banning futures trading on various ag futures

    In the good old USA it has been illegal to trade futures on one particular commodity for the last 50 years.
  12. J

    Steel Coins

    Changing the composition of US coins is nothing new. The silver was removed from US coins way back in 1965. Steel was used to make the one cent coin for the full year of 1943.
  13. J

    Ease of fills at current price!

    ES market is 1397.00 x 500 by 1397.25 x 500. If you place a limit order to buy 10 @ 1397.00 you will not see a fill unless 1396.75 trades because of the 500 ahead of you in the order queue. If you place a limit order to buy 10 @ 1397.25 you will have an instant fill because you are lifting the...
  14. J

    NYC meetup, Is Jersey City ok

    Fine for me as Jersey City works out better than midtown.
  15. J

    Ease of fills at current price!

    If you are using limit orders on the ES and trying to buy on the bid / sell on the offer and putting in orders at or close to the current maket the price has to trade through your limit price to get a fill. Once the price trades through your limit price you have an instant fill. The basic...
  16. J

    Chicago, NYC, Boston & Foxwoods

    NYC area - meet where? Wall Street area or midtown or ???
  17. J

    ER2 on ICE

    ER2 has been trading on ICE/NYBOT for many months and thus there already is an overlap.
  18. J

    On-line brokers. Who do you like the best and why?

    You have to differentiate between on-line brokers and direct access brokers. IB is a direct access broker and the rest are just on-line brokers. IB is the most popular direct access broker due to low costs and universal trading account. They are best for very active short term and swing...
  19. J

    CME price finding algorithm

    The traders buying and selling determine the price and the CME reports the result. The CME just provides the market mechanism (price matching), but without traders nothing would happen. Read all you want about Globex price matching algorithms at...
  20. J

    indices and futures 5-5

    If you think today was slow just wait until Mondays in summertime.
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