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Tax havens "ended" this year? :confused: I have a friend that works in trust business in Switzerland, it was not their best year but it is nowhere near dead.

Wow interesting... There are so many exceptions to the rule that if you are not a true specialist of a market/grain merchant/hedger..., it is hard to initiate full carry trades.:(

I am afraid. That's exactly what I think.

Thanks a lot BadMrFrosty, I have an other one for you: Soy oil Dec 09 Vs Soy oil Jan 10 = 0.41 while O'Bryan Commodities gives a 0.1875 cost of carry: http://www.obryancommodities.com/MktWatch/fcs.pdf. I don't understand how they calculate it, but that's more than 200 % cost of carry...

No prob here.

They changed it recently? I talked about it with my broker about 6 months ago...

CME ECM-W electronic membership if I'm right. You just have to pay a 2000 $ paperwork fee and make 25 RTs per day( not sure about the number )on CME products( not CBOT and NYMEX ).You will get better exchange fees but not as low as real memberships...:)

At least this time, it's namely against the big boyz( HFT... ) that this tax would be enacted..No exemptions for the usual suspects. If one day I have to move my trading outside of the US because of a tax, I prefer it to be this way.

If it was that easy to hedge your put when it "goes below strike", people wouldn't even need the option position... It's like saying "I buy futures @ 1000 and close if it goes below"... Problem is each time your entry stop is trigered, it can just touch it and go back to 900... If you're...

Thnaks a lot Gianthogweed, that's really useful.:)

LOL... Sorry for my english. I thought I edited it. I would not touch the e minis with a pole. You need to know how to trade to deal with this kind of competition and liquidity, like you have to guess the direction of the market or weird stuff like that...LOL... I am no fool.

Thanks again.

Still nobody knows where I can find storage and insurance costs?

Thanks a lot.

Thanks Nazzdack, it seems playing cost of carry in spreads is not exactly a pure arbitrage...LOL So if old crop is more valuable than new one, it means there are lesser chances to see contango exceeds cost of carry in between crops, right? Is the old crop still redeliverable on a new crop...

Hello, I'm a newbie in calculating the cost of carry for grains and I have some questions regarding interest rates. I used the formula given by Ballsofgold in this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=80938&highlight=WHEAT+COST+OF+CARRY, and given LIBOR is at...

Hello, Quite the same problem here: 2000 RTs per month on average but across CME, CBOT, ICE, NYMEX which does not make it worth taking a real membership... Even the elec corporate ( free ) membership is not worth cause I would pay more taxes in my country as a company and that would...

A lot of Owen Wilson looking professional traders are laughing at one professional looking investor right now.

I guess there must be other thread talking about it... Can someone point me a relevant thread? Thanks.

Thanks Scooby. I've seen this "trading through" happening but it was probably an iceberg algo instead of a naitive order. I remember I could see the size disappearing and being replaced while it's impossible with a native iceberg IMO.