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Hi cml! Long time no talk. Reuters symbol: CRU/TU Seems useful to consider who buys and then uses based on Brent as a benchmark vs who uses CL to benchmark, and who also is in preexisting contracts at preexisting prices. If you can think of all oil as being in categories like this, like...

If I recall, he's trading spreads? Is that right? So, a Nymex / Brent spread doesn't require $30K, at least in my opinion. Not to say it's easy... That of course depends on many things...

ACD I meant for outrights. I don't think off hand it should work for spreads. However it just might, seeing that intermonth spreads seem to trend pretty well most of the time. I'd be concerned about time frame and do a lot of back testing.

"A Clearing Member in default shall immediately make up any deficiencies in its security deposit resulting from such default prior to the close of business on the next banking day." http://www.cmegroup.com/rulebook/NYMEX/1/8.pdf However RTrader and usman88 are right also, but from the...

Vet here. But I flew in Navy intel planes along the North Korean coast -- thankfully no Iraq or Afghanistan. I feel really bad for all those kids coming back from extended deployments in war zones. Military and civilian life are already so different and most people just can't understand. A...

You might want to get John Hull's book on futures and options, or something similar. Learn about basis, contango, backwardation etc. Also again, with oils the time of day can be very important, to say nothing of the season. You can usually catch the fireworks starting between about 14:00 to...

One account, no normal spread (that would be more for something like WTI vs Brent -- an arb between crude benchmarks). There are strong seasonal tendencies. When you're in a spread between months you get a hefty margin break -- I think a CL calendar spread tends to be about $500, but it depends...

Z is December, or Dec, and F, Jan, is coming up -- Mnemonic for the months: Foul George's Heaps of Junk Keep Most Neighbors Quite Unhappy X Z So you can be long one month and short the other. You can for example hold a spread like this as a position trade and then remove...

Well one thing I've found is that CL definitely has its own momentum and personality. I really like it, personally. Also you can easily spread in and out of deferred months and crack spreads with RBOB or HO. And yes, it always seems to me like a very technical market. For example "don't short a...

Unless, as Martinghoul noted, you have access to the *real* FX options marketplace, the interbank OTC market. But for you and me there's the CME.

Sure, it's "private data" but still vulnerable to arbitrage, so the OTC feeds should be fine. FX futures are kind of a sideshow I guess. Unlike what someone said here CME.com does provide free live data for FX options, futures and many other products. Also, FX Micros are actually not...

That's right you don't need them. For futures stuff it looks like nothing has changed.

No, no need at all. OneChicago is purely for single stock futures. Like futures on IBM for ex. SSFs are an idea that hasn't quite taken off.

You guys do realize that OneChicago is for single stock futures and has nothing to do with CME Group contracts, right? I believe Interactive Brokers, CBOE and CME own OneChicago. Are there any SSF's worth trading?

Travis, know of any plans to offer emissions contracts on ICE Europe? ICE ECX EUA futures and options specifically. https://www.theice.com/productguide/ProductDetails.shtml?specId=197 Or also any other climate/emissions markets? Thanks

http://ftalphaville.ft.com/blog/2009/11/06/81901/japan-bond-yields-rise/ -- it's pretty much what Martinghoul was saying...

The latest interview with Niall Ferguson was excellent. To be watched after reading this: http://www.cfr.org/publication/20464/ Unfortunately both Ferguson and Frieden never touch on oil and other commodity prices.

That's why there's so much hi-freq stuff going on, right Grouchia? And why most of the old floor traders (futures) used to never hold overnight, right? Cause they were/are all so poor? Look at a trader like Bone -- he doesn't hold overnight. I personally mix day trades with position, swing...

I'd said 7E, 7A -- sorry, meant M6E, M6A and so. Anyway I've been watching the order book since then. Seems like most liquidity is from arbitrageurs, judging by the preponderance of 10-lots and low volume. Also at some times spread can widen dramatically, but at least arb liquidity always...

Asiaprop, thanks for that info. Do you know how receptive people seem to be to managed futures in Asia compared to the States? Do you think it's a better environment than the US? (I'm building a track record with a few small accounts now to create a low-minimum managed program.) Do you know by...