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First Understand Managed Futures From the Standpoint of Macro Market Environments and Beta Performance Drivers

Although it has not been written about nor formally discussed in public forums, understanding a managed futures investment from the standpoint of market environments and macro performance drivers first solves many problems for asset managers. · It enables a quick description of the investment to provide the [...]

MF Global Stand Down Order Questioned For First Time

It was October, 2012 and the Futures Industry Association (FIA) conference was winding down at an eerie point in time. It was near Halloween, an event that will always bring back clear memories of the MF Global criminal incident.  One [...]

CTA Analysis Starting With Beta Performance Drivers

When analysis of a CTA begins, where is the appropriate place to start? This article makes the point that beta performance drivers are the logical starting point.  This is important from a number of perspectives, including correlation and determination of [...]

Can Market Volatility Be Predicted? I say no; Scott Reamer, CIO at volatility trading program Rotella Chora, disagrees

Unfamiliar to even many sophisticated asset managers, volatility investing provides unique opportunities for risk management and market understanding. Volatility investing involves trading programs based on market price volatility.  The primary volatility market is based on the stock market, but variations [...]

HTF Regulatory Challenge: Define High Frequency Trading

How does one define a previously un-definable topic such as High Frequency Trading (HFT)? Sources close to the Commodity Futures Trading Commission (CFTC) indicate new thinking may be underway regarding the topic of High Frequency Trading (HFT). Speculation is this [...]