June 22, 2005

 

Lead Stories

 

China Demand Draws $50 Billion Into Commodity Funds (Update5)

June 22 (Bloomberg) -- Investment in financial products linked to commodities surged 10-fold to $50 billion since 1999 as China's economic growth drove oil, copper and coal prices to records, Barclays Capital said.

Banks have developed products that offer fixed income returns where the underlying asset is a commodity, Torsten de Santos, head of commodity investor solutions at Barclays Capital said. Investments could rise by as much as $50 billion again in the next three years, said Robert Greer, product manager for the Pimco Commodity RealReturn Strategy Fund.  ``Commodities used to be a market for hedge funds, now institutional investors, mainstream investors, see value,'' Barclays' de Santos said in Hong Kong yesterday.

http://www.bloomberg.com/apps/news?pid=10000086&sid=a36ZLj_YwxdM&refer=latin_america

 

Spotlight swings onto hedge funds ahead of G8

LONDON, June 21 (Reuters) - Lavish rewards mean financial managers are queuing to join them, regulators fear them and some German politicians describe them as "locusts" -- few it seems are neutral about the $1 trillion hedge fund industry.  Leading figures from London's hedge fund community, the biggest in the world outside the U.S., are being quizzed by a team of Reuters journalists in a two-day summit this week to unravel what is driving the industry and its trading strategies.  Hedge funds have expanded massively since 2000. Wealthy investors, who on average lost a quarter of their personal assets globally in the dot.com crash, poured money into the funds, whose returns stayed in positive territory as stocks plummeted and losses in traditional investment funds piled up.

http://www.reuters.com/financeNewsArticle.jhtml?type=bondsNews&storyID=8851832

 

REFCO to Acquire Global Operations Of Cargill Investor Services

REFCO Group Ltd., LLC, a leading provider of execution and clearing services for exchange-traded derivatives and one of the world's largest independent derivative brokers, announced today that it has entered into a definitive agreement to acquire the global brokerage operations of Cargill Investor Services for $208 million in cash and future contingent cash payments of between $67 million and

http://biz.yahoo.com/prnews/050622/nyw093.html?.v=13

 

Commodities stand on their own, amid dollar puzzle

NEW YORK (Reuters) - Undaunted by soaring global prices for raw materials, global commodity consumers and investors are paying top price in many currencies, instead of timing purchases to a weak dollar as they had done until recently.   Not clear yet, investors and analysts said, is whether the shift confirms that commodities have come into their own as a viable investment class, or whether it portends a bubble ready to burst.

http://www.reuters.com/newsArticle.jhtml?type=reutersEdge&storyID=8850550

 

Extended working hours at Eurex

By Jeremy Grant in Chicago

By disclosing last week that it would stop funding its US Treasury futures business in the US, Eurex was admitting publicly what everyone in the futures industry already knew: Eurex had failed in its battle with the Chicago Board of Trade.  Instead, Eurex said it would open a new US front in September by launching foreign exchange futures in competition with the Chicago Mercantile Exchange.  While the initiative may yet breathe life into Eurex US, the Frankfurt-based exchange’s 18-month-old US platform, a more significant development could help Eurex’s ability to compete globally with both Chicago exchanges: 24-hour electronic trading.

http://news.ft.com/cms/s/ad814bd0-e283-11d9-84c5-00000e2511c8.html

 

CME says its competitive position is strong

CHICAGO, June 21 (Reuters) - Craig Donohue, chief executive of the Chicago Mercantile Exchange (CME.N: Quote, Profile, Research) said on Tuesday the largest U.S. futures exchange is in a strong position to fight off potential competitors and grow.  "The scale of our business and our level of liquidity is a pretty strong barrier to entry" by competitors, Donohue said at a William Blair & Co. conference.

http://www.reuters.com/financeNewsArticle.jhtml?type=bondsNews&storyID=8854587

 

Nymex and PHLX Account Patent Publication for Innovative Securities Linked to Commodities

http://www.phlx.com/news/pr2005/05pr062205.htm

 

**** News of these patent awards was first reported by Securities Week.

 

France seeks to spur new exchange

Thierry Breton, the French finance minister, announced a wide range of tax breaks for investors trading shares at a news conference on Monday.

http://www.iht.com/articles/2005/06/20/yourmoney/market.php

 

China says studying yuan/dollar market makers

BEIJING, June 22 (Reuters) - China is studying plans to introduce market makers in trading between the yuan and dollar, but no timetable has been set, a spokesman at State Administration of Foreign Exchange said on Wednesday.

http://asia.news.yahoo.com/050622/3/22tju.html

 

Deutsche Boerse Shares Rise to Record as Chairman May Be Named

June 22 (Bloomberg) -- Shares in Deutsche Boerse AG, Europe's largest stock exchange, rose to a record as Manager Magazin said the company may appoint Hypo Real Estate Group Supervisory Board Chairman Kurt Viermetz to head its board.

http://www.bloomberg.com/apps/news?pid=10000100&sid=a_Y9m_rBNtDw

 

Incoming Chairman Nishimuro seeks to make TSE best bourse in Asia

Taizo Nishimuro, who is set to become the first chairman of Tokyo Stock Exchange Inc. next week, said Wednesday that Japan's largest bourse is making efforts for going public so it can secure its place as Asia's best stock market.

http://home.kyodo.co.jp/modules/fstStory/index.php?storyid=187834

 

Blank Tape Confounds Grasso Case

By JENNY ANDERSON

The legal battle over the compensation of Richard A. Grasso, the former chairman of the New York Stock Exchange, has been a noisy one. Yesterday, it turned, if briefly, to silence.

http://www.nytimes.com/2005/06/22/business/22nyse.html

 

"The Extra Things" Merrill Wants

Connie Thanasoulis has been the chief operating officer of campus recruiting at Merrill Lynch (MER ), the financial management and advisory company based in New York, since 2000. Before joining the firm, she served as head of university relations for Citigroup (C ) in New York for 15 years. Among investment banks like Merrill Lynch, competition for top candidates is intense, says Thanasoulis. The key to the hiring process, she adds, is for students and recruiters to build relationships early.

http://www.businessweek.com/bschools/content/jun2005/bs20050621_5173_bs052.htm

 

Environmental Trading News

 

Senate approves weaker, voluntary climate plan

An ambitious bipartisan plan to slow U.S. greenhouse gases with an emissions trading program collapsed in the Senate on Tuesday after a key Republican threw his support behind a weaker, voluntary plan.

http://news.yahoo.com/news?tmpl=story&u=/nm/20050621/us_nm/energy_congress_dc_17

 

Exchange & ECN News

 

Crop Ratings Turn Mix, but U.S. Wheat Harvest Stays Slow

Moisture in the Plains and sections of Midwest kept this years winter harvest behind normal.

http://www.cbot.com/cbot/pub/cont_detail/0,3206,1027+29015,00.html

 

CBOT Independence Day Holiday Trading Schedule

The CBOT announced the following trading schedule in connection with the Independence Day Holiday. 

http://www.cbot.com/cbot/pub/cont_detail/0,3206,1036+29023,00.html

 

CBOT to Host Crop Report Press Briefing June 30 

http://www.cbot.com/cbot/pub/cont_detail/0,3206,1027+29024,00.html

 

CBOT Strike Price Notice, June 22, 2005

http://www.cbot.com/cbot/pub/cont_detail/0,3206,1032+29017,00.html

 

The Archipelago Exchange(SM) (ArcaEx(R)) Announces Exclusive Listing of ZAP

http://investor.archipelago.com/phoenix.zhtml?c=140290&p=irol-newsArticle&ID=722548&highlight=

 

***** Not to be outdone, the NYSE will be listing POW!, KAPOW!, ZLOP! And ZLORP!

 

NYMEX Europe Appoints Public Director

NEW YORK, N.Y., June 22, 2005 — NYMEX Europe Limited announced today that it has appointed Alan Whiting as an independent non–executive director of the board.

Mr. Whiting is chairman and managing director of Merlan Financial, a company he founded in 2004 that provides financial regulatory advisory services. He also has a number of non–executive directorships, including The Mortgage Code Compliance Board, The Banking Code Standards Board, and The Gibraltar Financial Services Commission.

http://www.nymex.com/jsp/news/press_releas.jsp?id=pr20050622a

 

Registration Required for NYMEX ClearPort® TMS

On July 11, 2005, the migration of the NYMEX trading floor to NYMEX ClearPort® TMS will continue with the launch of Crude Oil, Heating Oil, Unleaded Gasoline, Brent Crude Oil, and all other NYMEX products (e.g., CL, LO, HO, OH, HU, GO, SC, GR, CG, CH and QM).  This last phase will build on the successful launch effort of NYMEX ClearPort® TMS. The most recent milestone was on Monday, June 6, 2005 when NYMEX moved the Natural Gas products to ClearPort® TMS.  If you have not yet registered, you must complete the appropriate registration forms. If you do not complete the appropriate registration forms, your clerks will not be able to check your trades or perform any allocations. There are no exceptions to this process.

http://www.nymex.com/jsp/shareholder/notice_to_member.jsp?id=ntm253&archive=2005

 

New York Stock Exchange Issues Monthly Short Interest Report

http://www.nyse.com/press/1119350373998.html

 

FRIMAG Goes Public on the Frankfurt Stock Exchange

http://deutsche-boerse.com/dbag/dispatch/en/listcontent/gdb_navigation/press/10_Latest_Press_Releases/Content_Files/13_press/pm_news_210605_freiverkehr.htm

 

NYSE Regulation Holds First Annual Securities Conference

NYSE Regulation brings together its senior staff, industry representatives, government officials, and other experts to explore the most critical regulatory issues confronting today’s financial community.

http://www.nyse.com/regulation/howregworks/1101074878245.html

 

Trading Starts 15 Minutes Earlier on 29 June 2005 [June 22,2005]

http://www.tfx.co.jp/en/newsfile/05/20050629kokogyo_e.html

 

Amex Reports Decrease in Short Interest

http://www.amex.com/atamex/news/press/sn_shortInterest_062105.htm

 

NYSE investigating traders' actions

The New York Stock Exchange is probing the conduct of a number of traders -- beyond those it charged in April for alleged securities fraud violations -- the NYSE said on Tuesday.

http://news.yahoo.com/news?tmpl=story&u=/nm/20050621/us_nm/financial_nyse_traders_dc_1

OMX Calls Extraordinary General Meeting

http://www.exchange-handbook.co.uk/news_story.cfm?id=53584

 

Annual General Meeting Of EEX Supports Board In Internationalisation And Broadening Of The Product Range

Shareholders of the European Energy Exchange (EEX) AG in Leipzig back the course of further internationalisation and broadening of the product range of Continental Europe´s largest energy exchange. This became clear during the annual general meeting in Leipzig.

http://www.exchange-handbook.co.uk/news_story.cfm?id=53583

 

virt-x Celebrates Fourth Anniversary With Record Trading Volumes And One Millionth UK Trade Report

http://www.exchange-handbook.co.uk/news_story.cfm?id=53580

 

KOSDAQ Index Rises As The World’s Fastest Growing Stock Index During The First Half Of 2005

http://www.exchange-handbook.co.uk/news_story.cfm?id=53579

 

 

Regulatory News

 

The SEC News Digest

The SEC News Digest provides daily information on recent Commission actions, including enforcement proceedings, rule filings, policy statements, and upcoming Commission meetings.

http://www.sec.gov/news/digest/dig062105.txt

 

CFTC Sanctions Aurora, Illinois Man, David J. Mueller, for Unauthorized Commodity Trading

U.S. Commodity Futures Trading Commission Imposes Trading Ban and Monetary Penalty on David J. Mueller

WASHINGTON, D.C. – The United States Commodity Futures Trading Commission (CFTC) announced today that it simultaneously filed and settled an action against David J. Mueller of Aurora, Illinois, charging him with the unauthorized trading of at least three commodity futures customer accounts in violation of the antifraud provisions of the Commodity Exchange Act (CEA) and CFTC regulations.  The CFTC’s order finds that, from August 9, 2002 through May 25, 2004, Mueller was President and sole trader for Market Integrated Services, Inc., a brokerage firm. According to the order, Mueller did not have written power of attorney to place trades for any of his customers’ accounts, and knew that he was not permitted to engage in discretionary trading in any customer account.

http://www.cftc.gov/opa/enf05/opa5087-05.htm

 

Court blocks SEC mutual fund rule

SEC did not satisfy the APA in implementing "corporate governance"

http://www.investmentexecutive.com/client/en/News/DetailNews.asp?Id=29300&IdSection=8&cat=8

 

Bear Stearns Is Facing SEC Penalties

Wall Street firm Bear Stearns Cos. Inc. could face fines and other sanctions from the Securities and Exchange Commission over the company's role in improper mutual fund trading, the company reported in a regulatory filing Wednesday

http://news.yahoo.com/news?tmpl=story&u=/ap/20050622/ap_on_bi_ge/bear_stearns_sec_1

 

Federal court overturns SEC rule

A Securities and Exchange Commission (SEC) rule requiring mutual-fund chairmen to be independent of management was unanimously overturned by a federal appeals court yesterday, handing the U.S. Chamber of Commerce a major victory.

http://www.thehill.com/thehill/export/TheHill/News/Frontpage/062205/brief.html

 

SEC ponders life after Big Four

Securities and Exchange Commission officials are discussing possible steps in the event of a collapse of one of the Big Four accounting firms, The Wall Street Journal reported Wednesday.

http://money.cnn.com/rssclick/2005/06/22/markets/sec_accounting/index.htm?section=money_latest

 

Trading Suspension Inspires NASD Warning

The NASD took the occasion of the trading suspension of Gluv Corp. securities to remind members that they are not permitted to enter quotations until they have complied with SEC Rule 15c2-11, which requires that dealers have "a reasonable basis" to believe that the issuer information is "accurate in all material respects and the sources of such information are reliable."

http://www.compliancereporter.com/default.asp?page=1&SID=520064&ISS=16999&pressbox=1

 

Managed Futures - Managed Funds

 

Citigroup, Legg Mason ‘in asset management talks’

IPE.com 22/Jun/05: GLOBAL – Citigroup and Legg Mason are in talks about swapping their asset management and brokerage businesses, according to a Bloomberg News report today.

http://www.ipe.com/article_default.asp?article=18971

 

Man Group says AHL fund NAV up 0.12 pct from last week

LONDON (AFX) - Man Group PLC said that at the close of business on June 20, the Net Asset Value of Man AHL Diversified Futures Ltd was 24.16 usd, up 0.12 pct from last week and up 5.6 pct year-on-year. newsdesk@afxnews.com slm/ COPYRIGHT Copyright AFX News Limited 2005. All rights reserved.

http://www.iii.co.uk/news/?type=afxnews&articleid=5330906&subject=companies&action=article

 

Reports

 

Bond Talk Today's Events

http://www.bondtalk.com/global.cfm?S=todaysevents

 

USDA Today

http://www.usda.gov/nass/PUBS/TODAYRPT/TODAY.HTM

 

Miscellaneous News

 

Bank of Shanghai derivatives business approved

China Banking Regulatory Commission has approved the Bank of Shanghai to be engaged in financial derivatives deals, making it the first Chinese city commercial bank to get the nod.

http://www.chinadaily.com.cn/english/doc/2005-06/22/content_453662.htm

 

TIBCO to Provide Enterprise Backbone for Electronic Exchange at Philadelphia Board of Trade

TIBCO Software Inc. , a leading business integration and process management software company that enables real-time business, today announced that the Philadelphia Board of Trade , a subsidiary of the Philadelphia Stock Exchange , has selected TIBCO®'s enterprise backbone technology to support deployment of the new PBOT XL electronic futures trading platform.

http://biz.yahoo.com/prnews/050622/sfw058.html?.v=14

 

Small population, but big achievements

Among more populous G8 nations, Canada one of leaders in economic growth, employment

http://www.investmentexecutive.com/client/en/News/DetailNews.asp?Id=29298&IdSection=16&cat=16

 

Investors should seek opportunities outside Canada

Economist expects S&P/TSX to fall to 9,200 by June 2006

http://www.investmentexecutive.com/client/en/News/DetailNews.asp?Id=29297&IdSection=137&cat=137

 

Next two years critical for financial planning

CIFPs Costello says advisors must educate the public about the costs of advice

http://www.investmentexecutive.com/client/en/News/DetailNews.asp?Id=29296&IdSection=3&cat=3

 

Morgan Stanley's 2Q Profit Dips 24 Percent

NEW YORK (AP) -- Profit at embattled Wall Street brokerage Morgan Stanley fell 24 percent in the second quarter, the company announced Wednesday, due to difficult market conditions and higher legal expenses in connection with high-profile lawsuits.

http://breakingnews.nypost.com/dynamic/stories/E/EARNS_MORGAN_STANLEY?SITE=NYNYP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2005-06-22-08-32-53

 

Morgan Stanley Announces Second Quarter Results

http://www.morganstanley.com/cgi-bin/morganstanley.com/pressroom.cgi?action=load&uid=419

 

SIA And TeleContinuity Partner To Offer BCP Voice Solutions To Financial Services Industry

http://www.sia.com/press/2005_press_releases/04186106.html

 

SIA Selects VanguardMS As Official Managed Network, Security Services Provider

http://www.sia.com/press/2005_press_releases/04186109.html

 

Operations Risk - Sarbanes Compliance Audit Costs Increase 96% in 2004

http://www.garp.com/risknews/newsfeed.asp?Category=6&MyFile=2005-06-22-11041.html

 

World Risk - Bumpy Ride Ahead for Currency Markets

http://www.garp.com/risknews/newsfeed.asp?Category=6&MyFile=2005-06-22-11040.html

 

Operational Risk - Good Managers Focus on Employees` Strengths, Not Weaknesses

http://www.garp.com/risknews/newsfeed.asp?Category=6&MyFile=2005-06-22-11037.html

 

RushTrade Trading Platform Adds Trade-Ideas Idea Generation Technology

Rush Financial Technologies, Inc., dba RushTrade® Group, and Trade-Ideas, LLC announced today that RushGroup Technologies, Inc., makers of the RushTrade Direct Pro direct access trading platform, has acquired an enterprise license from Trade-Ideas, LLC, allowing RushTrade customers to receive Trade-Ideas alerts directly through the RushTrade Direct Pro and Direct Plus platforms. RushTrade -

http://biz.yahoo.com/iw/050622/089234.html

 

Cargill Contributes $1 Million to United Nations' World Food Programme

Minneapolis, MN- Cargill announced that it has committed $1 million to support the United Nations World Food Programme (WFP) and its school feeding initiative in developing countries.

http://www.grainnet.com/info/articles.html?type=bn&ID=26737

 

'Frankly My Dear...' Named Top Movie Quote By DAVID GERMAIN, AP Movie Writer

LOS ANGELES - Marlon Brando was a contender in the     American Film Institute's list of best quotes from U.S. movies. But No. 1 was Rhett Butler's parting shot to Scarlett O'Hara: "Frankly, my dear, I don't give a damn."   Clark Gable's line to Vivien Leigh in 1939's "Gone With the Wind" led the AFI's list, announced in the organization's annual top-100 special that aired on CBS Tuesday.

Brando had the No. 2 and 3 quotes — "I'm going to make him an offer he can't refuse," from "The Godfather" and his "I coulda been a contender" speech from "On the Waterfront."

http://news.yahoo.com/s/ap/20050622/ap_on_en_mo/film_movie_quotes;_ylt=AiMYp5M4BnG147WUzFq8lnWs0NUE;_ylu=X3oDMTA3b2NibDltBHNlYwM3MTY-

 

**** What happened to “Greed is good”?

 

Lawsuit Accuses ConAgra of Manipulation By KEVIN O'HANLON, Associated Press Writer

LINCOLN, Neb. - A class-action lawsuit accuses ConAgra Foods and its top executive of engaging in a scheme to manipulate the company's earnings.

The lawsuit, filed Tuesday in U.S. District Court, accuses Bruce Rohde, ConAgra's president, chief executive and chairman, of knowing that "adverse facts ... had not been disclosed to and were being concealed from the public" regarding the company's finances.

http://news.yahoo.com/s/ap/20050622/ap_on_bi_ge/conagra_lawsuit;_ylt=AhOT6uv6j8SC2QwD1PdnA0Ws0NUE;_ylu=X3oDMTA3bGI2aDNqBHNlYwM3NDk-

 

Green Tinge Is Attracting Seed Money to Ventures

SAN FRANCISCO, June 21 - Ira Ehrenpreis may be a kind of prophet advocating investments in alternative energy companies, but don't accuse him of being noble.

http://www.nytimes.com/2005/06/22/business/22clean.html?

 

QWAFAFEW Chicago Meeting

 

 

Here is a picture from the June 21 Chicago QWAFAFEW event in the CBOE trader’s lounge.  Pictured are Keith Styrcula, Chairman, Structures Products Association, Paul Williams, Managing Director – Nuveen Investments, LLC and John Larkin, Managing Director, HFR Asset Management.

 

Traders Magazine

 

 

A New Vision At Knight

by Peter Chapman

The largest Nasdaq dealer has a new identity. Knight Capital Group had a poor first quarter and now Knight’s top man is talking about de-emphasizing market making. Tom Joyce, in an extensive interview with Traders Magazine, offers a road map for Knight Capital Group’s future.

http://www.tradersmagazine.com/cover.cfm?src=home

 

FEATURES 

Washington Watch

The next regulatory problem areas

by Gregory Bresiger

http://www.tradersmagazine.com/magazine2.cfm?id=1&aid=2240&year=2005&search=era

 

The Options Trader

Citadel tries for a unique perspective

by Mark Longo  

http://www.tradersmagazine.com/magazine2.cfm?id=1&aid=2256

 

Trading Viewpoint

Who wins? Who loses? Evaluating the mergers

by Jamie Selway 

http://www.tradersmagazine.com/magazine2.cfm?id=1&aid=2259&year=2005&search=penny

 

Special Feature

The buyside gets ready for the yearly Russell event

by Nina Mehta

http://www.tradersmagazine.com/magazine2.cfm?id=1&aid=2260&year=2005&search=penny

 

The Welling Column

A volatile market is going to advance

by Kathyrn M. Welling

http://www.tradersmagazine.com/magazine2.cfm?id=1&aid=2261&year=2005&search=application

 

Buyside Snapshot

Math anxious traders have nothing to fear but fear itself

by Michael Scotti 

http://www.tradersmagazine.com/magazine2.cfm?id=1&aid=2262&year=2005&search=era

 

Other Voices

 

Futures & Options For Kids Teams Up With NYBOT

 

New York, NY, June 21, 2005 – Futures & Options for Kids, a New York-area nonprofit organization created by the commodity industry, and the New York Board of Trade® (NYBOT®), the world’s leading “soft” commodity exchange, announced today that Futures & Options for Kids is now directly associated with the Exchange, and is now known as the “NYBOT Futures & Options for Kids.”  In addition, NYBOT will provide administrative services to the non-profit group.

 

“Futures & Options for Kids and NYBOT have always been closely connected,” said Fred Mascia, Chairman of Futures and Options for Kids.  “But now with this new designation and our affiliation with the Exchange, we will further enhance our ability to provide funds for children in need.  We are very pleased to now be a part of NYBOT.”

 

The non-profit has established a reputation as a reliable source of funding for charitable organizations that serve the needs of children.  Futures & Options for Kids’ receives a significant portion of its donations from NYBOT and the New York floor community, as well as others in the futures industry.  With NYBOT assuming the administrative costs of running the organization, more of the money raised by Futures & Options for Kids will go directly to the groups helping children. 

 

“We welcome Futures & Options for Kids into the NYBOT family,” said C. Harry Falk, NYBOT’s President and CEO.  “For many years, the membership and staff of the Exchange have enthusiastically supported the work of Futures & Options for Kids, and we look forward to expanding our efforts on behalf of children in need.  As a service organization with a global constituency, we at NYBOT understand how much can be accomplished by providing more resources and visibility to this charitable effort.”

 

Futures & Options for Kids is a philanthropic organization whose mission is to raise funds for distribution to agencies committed to improving the lives of children in need in the areas of health, education & welfare.  Futures & Options for Kids, formerly known as the CEC Children’s Fund, was founded in 1980 by several inspiring members of the New York Commodities Exchange Center (CEC).  Over $10 million has been raised and distributed to hundreds of organizations throughout the tri-state area and Chicago.  To learn more about Futures & Options for Kids, please visit www.futuresandoptionsforkids.org,or call 212-748-4146.

 

The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products.  For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, pulp and sugar, as well as currency and index futures and options.  Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.

 

http://www.nybot.com/releases/pressRelease.asp?releaseID=893

 

 

 

John's Comments

 

Correspondence

 

John,

 

Thanks so much for including my request for support in your newsletter as well as for your generous contribution.  The National Multiple Sclerosis Society, Greater Illinois Chapter does some outstanding work for a very worthwhile cause.  I am proud to be able to contribute, both financially and through my participation and fund raising efforts.  My husband and I are looking forward to participating in the MS 150 Bike Ride this coming weekend and I will send you an update after I have recovered sometime next week.  If you have the opportunity to include one last brief mention of the event in your newsletter, I would greatly appreciate it.  Although I have exceeded my target goal (with your help) the MS Society's needs are great. 

 

Nancy Kaplan

Nancy.Kaplan@liffe.com

 

http://events.msillinois.org/site/TR?px=1054266&fl=en_US&s_tafId=1082&pg=personal&fr_id=1060

 

*****

 

John,

 

My thanks, as always, for your gracious inclusion of our forthcoming seminar in your newsletter of Jun 21st. May I assure you that, full of LIFFE, our canapés will be PACKed with BUNDLES of flavour but, in the best English tradition, our Martini's will be shaken, not STIRed.

 

Regards

 

David Hall

Director, Product Marketing

 

******

 

CHICAGO MER EXC A (NYSE:CME) Delayed quote data 

 

Last Trade: 260.15

Trade Time: 11:40AM ET

Change:  6.40 (2.52%)

Prev Close: 253.75

http://finance.yahoo.com/q?s=CME

 

*******

 

Brent Crude Watch

 

IPE Brent Volume: 136,254

NYMEX Brent Crude Volume: 4604

NYMEX Percent of Total Volume: 3.27%

 

********

 

Chicago Electronic Trading Scorecard for June  21, 2004

 

Percent Electronic

 

CBOT: 58.18%

CME: 74.22%

CME Eurodollars: 86.22%

CME Live Cattle: 3.27%

CME Currency Products: 87.46%

CBOT Soybeans: 4.23%

 

CBOT Options: 4.21%

CME Options: 2.87%

 

Volume 

 

OneChicago Volume: 2581

Eurex US Volume: 9769

Euronext.liffe Eurodollar Volume: 22,244

CBOE Futures Exchange Volume: 185

 

Market Share

 

CBOT 100 oz. Gold Volume: 1405

NYMEX 100 oz. Gold Volume: 58,031

CBOT Share: 2.36%

 

CBOT 5000 oz. Silver Volume: 344

NYMEX 5000 oz. Silver Volume: 35,181

CBOT Share: .97%

 

CBOT Mini Gold Volume: 619

CBOT Mini Silver Volume: 726

 

CME Emini Russell 1000 (100X) Volume: 2897

Eurex US Mini Russell 1000 (100X) Volume: 989

NYBOT Mini Russell 1000 (50X) Volume: 37

CFE Mini Russell 1000 (100X) Volume: 0

 

CME Emini Russell 2000 Volume: 77,566

Eurex US Mini Russell 2000 Volume: 3268

CFE Mini Russell 2000 Volume: 6

 

Notes: CME share prices hit a new high today.

 

Liffe Eurodollar Over-Under

 

Liffe/Globex: 1.99%

Liffe/CME: 1.72%

 

Regards,

 

John J. Lothian

Publisher

John Lothian Newsletter 

www.johnlothiannewsletter.com

 

Futures Brokerage - Business Intelligence   John J. Lothian President- Electronic Trading Division The Price Futures Group, Inc. 141 West Jackson Blvd., Suite 1340A Chicago, IL 60604 jlothian@pricegroup.com johnlothian@johnlothian.com IM: LothianJohnJ http://www.pricegroupetd.com tel: tel2: fax: mobile: +1 312-264-4350 +1 800-713-0215 +1 312-264-4399 +1 312-203-5515

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Futures and options trading involve risk.  Past results are no indication of future performance.

 

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