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I'm sittong at home and don't have quick acccess to the CME..I'll check
their site. I know in the community many people view the Dow..both cash
and future products to have been more successful than the e mini.
However I move in mostly securities circles.
Had a buddy who interviewed for the top marketing job at the
CME...apparently still open...and he came back with the idea that they
were concerned about the "noncannibalized" volume in the e mini.
Again though..I don't know and I get paid to peddle the DJX so it is not
impossible I'm seeing the people who tell me what they think I want to
hear.
As long as I'm on the forum..those of you speculating on what went on st
Soros...RECOGNIZE most of what you hear about Soros Fund Management is
managed news. In my experience nothing gets out of 888(as they are
known in the industry)without their wanting it to get out. The mere
fact that you hear them referred to as Soros..generally tells you the
information is incorrect or what they want people to hear.
Their profits in the far east going into the last few weeks were
"leaking out" as being in the billions of dollars of profit. The fund
that does far east reported up over 80% in the press(again managed
news)as of a month ago.
Historically they have been a backspreaded when they use derivatives
which means small loses when you experience big moves and huge profits
when you are right.
You can't really evaluate a loss in spread with the context of what
could have been made.
A couple of years back they got a lot of press when Quantum loss $600
million trading the yen. That was $600 million of $12 billion.....5%.
How many of you would risk 5% of your capital for a trade that might
have made you 50% if you were correct?
The line starts behind me!
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