Direct Access Futures
A Complete Guide to Trading Electronically
Published on 21. December 2001
Book
Hardback
X, 278 pages
978-0-471-12199-2 (ISBN)
Description
Make optimal use of the new futures trading technologies
Direct access, the democratizing force that transformed stock trading in the 1990s, has come to the futures industry in a big way. With the advent of a new electronic futures trading infrastructure, everyone-from the former pit boss, to the hedge fund manager, to the individual investor working from home-has equal and instantaneous access to futures markets in six continents. To survive and thrive in the futures markets, experienced and novice futures traders alike need to educate themselves with the ins and outs of the electronic trading environment. Silverman, former board member of the Chicago Mercantile Exchange who has successfully made the transition from trading on the floor to trading electronically, acquaints readers with his proven strategies for playing both the long and short sides of the futures market and profiting in all market conditions.
More details
Series
Edition
1. Auflage
Language
English
Place of publication
New York
United States
Publishing group
John Wiley and Sons Ltd
Target group
College/higher education
Professional and scholarly
Illustrations
Ill.
Dimensions
Height: 23.6 cm
Width: 16 cm
Thickness: 2.5 cm
Weight
523 gr
ISBN-13
978-0-471-12199-2 (9780471121992)
Schweitzer Classification
Person
DAVID I. SILVERMAN is a longtime member of the Chicago Mercantile Exchange and has traded futures since 1982, both on the floor and using electronic systems. Mr. Silverman recently finished his eighth year as a member of the Board of Directors of the CME. In that capacity, he filled many important exchange positions, such as chairman and vice chairman of various technology and product committees. During his tenure as a board member, he helped develop order-routing and communications technology geared toward making the trading floor more efficient; chaired committees that developed a handheld trading device and wireless headset technology; and participated in the development of GLOBEX(r), the CME's electronic trading network. Silverman also served as Chairman of the Board of the GFX, the CME's online foreign exchange market-making division. An accomplished public speaker, Silverman has participated on panels and delivered a number of keynote addresses at industry conferences.
Content
Foreword
Introduction: The Impact of Technology on Futures Trading
1 Direct Access
2 Discussions about Direct Acess
3 The Case for Futures Trading
4 The Exchanges
5 Software
6 Stock Index Futures
7 Foreign Exchange
8 Treasury Futures
9 Becoming a Successful Trader
10 Twenty-five Frequently Asked Questions about Electronic Trading
Appendix A: Glossary
Appendix B: Index Components: S&P 500 and Nasdaq 100
Appendix C: Contract Specifications: S&P and Nasdaq Futures Contracts
Appendix D: Tax Treatment of Futures
Appendix E: The Investor's Bill of Rights
Appendix F: Using the World Wide Web
Appendix G: Suggested Reading
Index