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It's not a seasonal pattern as if Dec was bid up against other expiries going into spring , or fall or other periods. It seems permanently overvalued. In contango, the curve looks a little bit exponential and in an inverted markets, it goes "flat" toward the end of the year. I will try to post a...

Not stupid at all. I didn't think about the fact that December drives more volume than other expiries. It makes sense particularly for further years, where there is no volume and settlements for other expiries are based on other thing than actual last minutes prints.

No mention of Bwol? One of his last thread before being caught in PFG's fraud involved pot futures, aliens, levitation, marching bands, market analysis while rollerblading and some sort of new world order money he was the only one to understand... One of the most epic ET moment.

Why is December( and in a lesser extent November ) a little richer than other months every year on the curve? I thought it had to do with year end taxes on inventories, but in this case if refiners stop accumulating in October and starts back buying in January, the effect would be less demand in...

"Like" or "Agree" Button, great idea, for the reasons brought by the OP. When you have been on ET for a while, sometimes you don't feel like posting but you can "like". Also a lot of the great traders here have 100 posts in 10 years...You can't make them write but they can click on a button.:)

http://www.wallstreetandtech.com/financial-risk-management/after-mf-global-insurance-weighed-to-pro/240144117

Thanks. "Enter an order directing Defendants to pay civil monetary penalties, to be assessed by the Court, in an amount not to exceed the higher of$140,000 or triple the monetary gain to them for each violation ofthe Act, as described herein; H." This is super tough. Paul Rotter made...

http://www.businessweek.com/news/2012-12-04/cftc-says-broker-tried-to-manipulate-wheat-futures-prices There was something illegal in spoofing in 2009? It would be great to know the details... I don't understand how they can investigate now such broadly used techniques based on old complaints...

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http://uk.reuters.com/article/2012/12/03/cftc-fine-mbfclearing-idUKL1E8N3CRL20121203

In fact I checked and it is not that unusual for Mar/Apr spread to go negative during the winter... Here are the spreads for the last 10 years. They pretty much all start trading with apr at a big discount and head to 0 or a little bit more...

And now... What people are thinking about this winter widowmaker? It's trading at even whereas Mar14/Apr14 is @ 0.151 and Mar15/Apr15 @ 0.236. It seems unusual. 0 acting as a resistance. If some fundamental nat gas traders can enlighten us on the situation... Thanks a lot.:)

"The member states are now facing the challenging task of identifying the smallest common denominator as the 2011 proposal is unlikely to be acceptable in its current form. One suggestion, as has been proposed previously by the German Liberal Democrats, might be to introduce a UK style stamp...

This would be great, but there may be a lot of bullying on little states. And anyway going further into the debates, we have to really make a difference between "news" coming from the EU authorities and news coming from member states. Because it's clear that what Germany wants( Possible...

TradeStation sent this information to its clients regarding ADRs. Apparently ADRs of French stocks will be taxed finally( only on overnight positions ): "The French Government has approved a Financial Transaction Tax (“FTT”) on transactions involving French entities including certain...

http://www.chicagotribune.com/business/breaking/chi-cme-no-plans-to-shut-grains-floor-trading-20121128,0,3712205.story?track=rss

Right. The French FTT is just a joke. Nobody really pays it, not MMs, not arbitragers, not day traders, just a few mom and pop long term investors, and even with this kind of scheme, volume is down 20%. Good job.

http://www.reuters.com/article/2012/11/29/dreyfus-lawsuit-idUSL1E8MT07K20121129

http://www.tradersmagazine.com/news/algorithms-still-need-human-oversight-says-peterffy-110573-1.html?pg=1

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