Inside a Moneymaking Machine Like No Other

CBC said:
I wanted to trade Fesx / Bund, however you can't trade the options from an 'merican broker for Fesx. I'm waiting for AMP to get options up and running and then it will be ES, CL & ZN. ZN is more of a risk play.
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Interactive Brokers?
 
Sori I meant Fesx, bund options are ok.

I don't know how Interactive get around those rules, they mustn't be under the CFTC umbrella. Also IBs generous margins make it a tad difficult for the savvy hedger :).
 
Chuck Krug said:
Inside a Moneymaking Machine Like No Other
The Medallion Fund, an employees-only offering for the quants at Renaissance Technologies, is the blackest box in all of finance.
https://www.bloomberg.com/news/arti...-medallion-fund-became-finance-s-blackest-box
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https://www.bloomberg.com/news/arti...-medallion-fund-became-finance-s-blackest-box

The fabled fund, known for its intense secrecy, has produced about $55 billion in profit over the last 28 years, according to data compiled by Bloomberg, making it about $10 billion more profitable than funds run by billionaires Ray Dalio and George Soros. What’s more, it did so in a shorter time and with fewer assets under management. The fund almost never loses money. Its biggest drawdown in one five-year period was half a percent.

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In August 2007, rising mortgage defaults sent several of the largest quant hedge funds, including a $30 billion giant run by Goldman Sachs, into a tailspin. Managers at these firms were forced to cut positions, worsening the carnage. Insiders say the rout cost Medallion almost $1 billion—around one-fifth of the fund—in a matter of days. Renaissance executives, wary that continued chaos would wipe out their own fund, braced to turn down their own risk dial and begin selling positions. They were on the verge of capitulating when the market rebounded; over the remainder of the year, Medallion made up the losses and more, ending 2007 with an 85.9 percent gain. The Renaissance executives had learned an important lesson: Don’t mess with the models.
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I dunno they are just banned. But the bund options ain't.:confused: Not 1 FCM can offer them (fesx). I think IB is under the SEC umbrella, which is why they lost all of their FX customers. If IB is CFTC regulated then its illegal for them to offer them.

It could be a slugging match between Eurex and CFTC. If you read through the Eurex requirements to become a clearer there is a tonne of anti-american stuff in there. Infact, I dunno if Baron would even let me post some of the stuff it says.

There is a lot of "you shall not offer this product to any United States of America citizen or person," I think it was only some products. I did laugh when I read it though XD.

My point of using a US broker is if ur day trading you need the cheap fees of say AMP, Global and a few other brokers. You won't find that in Europe, well you might but I did a lot of searching and didn't find anything. IB is still a bit pricey, I could find brokers in Europe with the same fees as IB so....

I think odd is telling us to get back on subject.:)
 
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