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J-Law, that is an exchange-supported implied spread. Has been since Nymex (pre-CME merger days) first outsourced to Globex for their electronic trading engine. The exchange internally matches the legs for you. Indeed, the order book looks like a flat price instrument ladder, but when you...

Both the US and European STIR curve are still trading rangebound since December's big move. We would need to take out the March levels.

I have had, currently and in the past, three institutional clients in the area of spread trading, correlations, and arbitrage. Due to client NDA agreements, I typically only can carry one institutional client at a time. I have had over the past few years over 50 clients who are also ET...

And by the looks of your "Market Outlook" thread, this is quite understandable. There are no hard calls or targets, and you've been 'urging caution' since the first post on February 02. Maybe some 'actionable intelligence', perhaps ?

I have a client in California who is a full-time PE and who recently started swing trading futures spreads in the live markets. He spent several months paper trading, and then after funding an account with Advantage futures he traded on the SIM for several weeks before finally going live...

Yes. I had employees and a trading group there in OTC energy for a couple years (the 2008 crash completely dried up the OTC energy marketplace). Very big fixed income presence.

Logic would also hold that speculators oversold crude late in 2008. Saw that cuts both ways.

Performance Bond Margin (Initial): LIGHT SWEET CRUDE OIL FUTURES (NY-CL) - Tier 1 Spec $6,750 $5,000 Hedge/Member $5,000 $5,000 Surely you have looked at Daily trading ranges and historical vol, right ? Not to mention that you have a trading system with backtested...

I actually went to evening school while I was a full-time Engineer because the Company had a tuition reimbursement program. I did not trade and go to night school simultaneously. Again, the school is a filtering mechanism for institutions - no school graduate program per se will teach you...

I do not know Greg or Ken, but I keep a limited clientele (capped and rotated) who are all ET members. No complaints as of yet and plenty of references for anyone who shows serious interest and who doesn't mind a two-way interview process. 50 Clients who are also ET members. References from...

Maybe if the President allowed drilling in the continent on Mother Earth with the largest reserves of PROVEN hydrocarbon deposits on the planet. Lift the Gulf and West Coast drilling moratoriums, perhaps ? The forward curve will weigh down the spot prices. Always has.

I am an Engineer who went to U of C grad school evenings. No person can deny impression that the University of Chicago has made upon serious economists. Having said all of that, please be advised that a Bank or Fund or big Prop Group only uses said credential as a recruiting filter. No...

Pizz, you are giving advice about a contract where you don't know the tic value ? (see Energy forums) Please reconsider. Survive first.

Each tic is $10 USD, and if you are a "Noob" you just wandered into the adult swimming pool. Please choose to learn how to trade in a venue where you don't piss away $50K before you learn how to survive.

I am a degreed engineer who made the change in the early '90's. I have three clients who are engineers, and a current client who just passed his PE and just went live in the markets after training with me for several months. And he is still a full time engineer. He went live four weeks...

More pearls of wisdom from someone leasing my seat. Barron's, May 03, 2011: Silver prices are continuing to fall this morning after the CME Group (CME) said that initial margin requirements for silver contracts are going up for a third time in a just over a week. Futures slid nearly...

Depends upon if you are referring to the nat gas heat rate, or the coal dark spread. Either way, you will have to get both ClearPort and ICE Swap data, and most importantly you will have to be able to reconcile stale quotes in terms of time and sales with what the brokers like Amerex and TFS...

June RBOB Gasoline Crack Spread, which is the NY Harbor RBOB Gasoline Contract versus the WTI Crude Contract: June Nymex WTI Contract versus the June ICE Brent North Sea Crude Contract:

CFTC can simply raise the margin requirements for hydrocarbon futures; problem solved. ICE and Nymex really have no choice but to comply. Less financial participation and more balance returned to the physical participants. Given the fact that the WTI and Brent both have extremely limited...

Ummm, better look at the screen volume versus the pit volume. That would be akin to saying that you need to walk into the S&P pit over at the Merc to meet the successful stock index futures traders. What the OP is likely looking for is a prop firm or arcade that is "energy oriented" as it...