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wheat spreads
- Thread starter local
- Start date
Quote from kanellop:
Hello Again.
I am interesting for Platform/s that have ability for Inter-Commodity Spreads.
And especially for Wheat Spreads in combinations between the U.S.A Exchanges CBOT, KCBT and MGEX.
Calendar Spreads i respect them but i do not trade them.
Kind Regards,
George Kanellopoulos.
u can try X-trader Trading Technologies
http://www.tradingtechnologies.com/
Quote from kanellop:
Hello Again.
The CQG Spreader have very big USD Monthly Cost at least for me.
1400 USD per Month without Charts, stand alone.
By the Way do you have any Idea how much is the USD Monthly Cost for the:
X_Trader of Trading Technologies ?
Kind Regards,
George Kanellopoulos.
well, same price as cqg. if the price is too high, u should go with what local has, the CTS
Good Morning to All.
I want to say that i have about two,
above than mysterious Questions,
especially for local.
1) Do you have provide ever liquidity to any Grain Exchange/s,
with some Benefits to you for that reason ?
For example here: http://www.mgex.com/ ,
in the front Page say that exist the:
MGEX Liquidity Provider Program.
2) Now, suppose that you did/do that.
In that Case,
how hedge from your Side the Open Positions that generate it from your Activity into the Grain Exchange/s ?
Respectfully Yours,
George Kanellopoulos.
I want to say that i have about two,
above than mysterious Questions,
especially for local.
1) Do you have provide ever liquidity to any Grain Exchange/s,
with some Benefits to you for that reason ?
For example here: http://www.mgex.com/ ,
in the front Page say that exist the:
MGEX Liquidity Provider Program.
2) Now, suppose that you did/do that.
In that Case,
how hedge from your Side the Open Positions that generate it from your Activity into the Grain Exchange/s ?
Respectfully Yours,
George Kanellopoulos.
Quote from kanellop:
Good Morning to All.
I want to say that i have about two,
above than mysterious Questions,
especially for local.
1) Do you have provide ever liquidity to any Grain Exchange/s,
with some Benefits to you for that reason ?
For example here: http://www.mgex.com/ ,
in the front Page say that exist the:
MGEX Liquidity Provider Program.
2) Now, suppose that you did/do that.
In that Case,
how hedge from your Side the Open Positions that generate it from your Activity into the Grain Exchange/s ?
Respectfully Yours,
George Kanellopoulos.
George,
I believe you are asking if I have ever traded as a lquidity provider. The short answer is no, I have not. When I started trading as a local, there were no liquidity provider programs so it wasn't an option. As a local, my role evolved from that of a trader scalping the market to a market maker, a course that many locals took.
I have looked at the liquidity provider programs, but personally don't think the risks are worth the rewards. I would rather just trade my own account.
Regards, local
Hello Again local.
Thank you very much for your Comments.
Always, it is very big pleasure for me to read your Comments...
Now, i want to tell you that i asked you all these because in my Mind had,
the Minneapolis Grain Exchange (MGEX) Wheat Indices...
These Wheat Indices had make me many times to wonder,
why does not have any Volume...
Respectfully Yours,
George Kanellopoulos.
Thank you very much for your Comments.
Always, it is very big pleasure for me to read your Comments...
Now, i want to tell you that i asked you all these because in my Mind had,
the Minneapolis Grain Exchange (MGEX) Wheat Indices...
These Wheat Indices had make me many times to wonder,
why does not have any Volume...
Respectfully Yours,
George Kanellopoulos.
Quote from kanellop:
...
Now, i want to tell you that i asked you all these because in my Mind had,
the Minneapolis Grain Exchange (MGEX) Wheat Indices...
These Wheat Indices had make me many times to wonder,
why does not have any Volume...
Respectfully Yours,
George Kanellopoulos.
The MGEX wheat indices are being promoted as a tool for commercials to manage basis risk. I have traded cash as a commercial in the past and elevator companies allowed end users and producers to lock in basis levels. Thus, I don't see the advantage of using futures contracts for a service that already exists in the industry. It could be that specualtors can participate in speculating on basis levels, but in general, speculators are not well versed in basis risk.
One feature of the indices that I don't care for is that it is a cash settled contract. I make a practise of not trading cash settled contracts because they tend to be easier to manipulate than a contract settled thru physical delivery. I.E. A small number of commercials are responsible for determining the cash settlement prices and this can pose a conflict of interest if they should be carrying a futures position. Just my personal opinion but I do not think cash settled contracts are going to attract much interest in industries experiencing consolidation. Too much influence on price by too few players.
Regards, local