Bill Gruzynski, a longtime futures trader at CME, spent Monday calling MF Global to try to liquidate his accounts.
FORBES: Anger Builds Over MF Global Mess - And Spells Trouble
Paul Zubulake, a former futures trader and now a consultant at Aite Group, says there are hazards to all this tinkering.
Whatever his motives, Mr Brumfield, who was a Mississippi catfish farmer before becoming a futures trader and entrepreneur, has grabbed plenty of attention.
Bennett had taken over as CEO of Refco in 1998 after a two year stint as its chief financial officer, and he set out to build the firm into the leading independent futures trader through a string of acquisitions in the U.S. and abroad.
In order to have a corresponding ounce-to-ounce spread trade in the futures market, a trader who is looking for the spread to narrow would buy two 50-ounce platinum futures contracts and simultaneously sell one 100-ounce gold futures contract.
FORBES: FOCUS: Platinum-Gold Spread Narrows, But Gold Remains At Premium
He has been published in trade magazines such as Active Trader, SFO and Futures.
Some investors in an array of markets appear to be betting that U.S. interest rates will not remain low for the next three years, said Kevin Grady, a veteran Comex floor trader and president of Phoenix Futures and Options.
FORBES: Gold Futures Extend Declines On Forced Liquidation; Potential Support On Horizon
In both the disaggregated and legacy weekly commitment of traders reports issued by the Commodity Futures Trading Commission, the managed-money and larger trader speculative non-commercial accounts increased their net-long positions in the yellow metal.
FORBES: FOCUS: Short Covering, New Buying By Speculators Seen In Gold -CFTC
In both the disaggregated and legacy weekly commitment of traders reports issued by the Commodity Futures Trading Commission, the managed-money and larger trader speculative non-commercial accounts greatly increased their net-long positions in the yellow metal.
FORBES: FOCUS: Speculators Take Big Long Positions In Gold - CFTC
In both the disaggregated and legacy weekly commitment of traders reports issued by the Commodity Futures Trading Commission, the managed-money and larger trader speculative non-commercial accounts sizably increased their net-long positions in the yellow metal.
In both the disaggregated and legacy weekly commitment of traders reports issued by the Commodity Futures Trading Commission, the managed-money and larger trader speculative non-commercial accounts sharply cut their net-long positions in precious metals and were short in copper.
FORBES: FOCUS: Falling Prices Push Speculators To Cut Bullish Metals Positions -CFTC
In both the disaggregated and legacy weekly commitment of traders reports issued by the Commodity Futures Trading Commission, the managed-money and larger trader speculative non-commercial accounts increased their net-long positions in the yellow metal, following several weeks of a decrease.
In both the disaggregated and legacy weekly commitment of traders reports issued by the Commodity Futures Trading Commission, the managed-money and larger trader speculative non-commercial accounts decreased their net-long positions in these three precious metals for the second week in a row.
FORBES: FOCUS: Speculators Continue To Trim Gold, Silver, Platinum Bullish Exposure -CFTC
If that large fund trader was the one that purchased the put options on gold futures the day before, or was involved with the firm that did, then it lends credibility to those market watchers who reckon gold can be and has been manipulated.
The winner of the mock futures portfolio contest is flown to New York to meet the bank's head trader and is offered a summer job.
Brian Hunter, the 32-year-old Canadian energy trader, had made a fortune for Amaranth in 2005 when he bet that natural-gas futures would rise and then benefited from surging gas prices after Hurricane Katrina.
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