| Established under the authorization of the minister of Agriculture, Forestry and Fisheries. As a membership organization, where a member firm has an established business affiliation with the listed commodity, the Members’ General Meeting is the highest organ at the Exchange. Day-to-day businesses at the Exchange are attended by the Board of directors, headed by the Chairman, all elected by the members at the Members’ General Meeting. For advisory purposes, permanent and ad hoc committees are instituted under the Board. |
| The Exchange lists Futures Trading and Options Trading. Futures Trading is a contract to buy or sell an underlying commodity at a specified price, on a specified future date. At the specified future date, the seller must deliver the underlying commodity to the buyer to settle the transaction and the buyer is required to pay the specified price to receive the underlying commodity. However, before the specified future date, the futures contract can be closed out or offset; that is, prior to delivery, the buyer offsets futures contract by selling the contract and the seller closes out futures contract by buying back the contract. A contract can be settled with a cash payment in the amount of profit or loss, i.e. the price difference between initiating and canceling contract. This is called cash settlement and is one of the unique features of futures trading. Settlement of most futures contract is made by cash settlement rather than the physical delivery of commodity. |
Futures online trading |
Online trading systems |
| Electronic futures trading has changed the brokerage landscape forever. It is now possible for a trader to participate in the market with a better edge than he or she had before electronic trading. This does not mean that the risk is less, it is the same; rather, today's futures trader, in the electronic markets, can see what is out there. The question of "where is the paper" is no longer a secret. Today's trader can now see the trading book where all the buys and sells are shown. One can see how many are bid and offered at a given price. But the most significant change is speed. Electronic futures trading is click and trade. The trader sees the bid and hits it. |
Online Futures Trading
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Trade all futures markets, not just the electronic traded futures that some brokerage firms offer. You can trade all pit traded markets (gold, silver, crude oil, grains), as well as electronic markets (e-minis, globex currencies), and some foreign futures markets. If your looking for a no cost platform that can trade all markets, Vision Express is the most popular online trading platform. The trading platforms also provide REAL-TIME quotes on all the markets traded. Some platforms also have REAL-TIME charting and complex order entry such as OCO orders.
tures from the video shoot for my three-part series on learning to trade sponsored by the CME
What an amazing experience!
Last week, we shot a three-part video series on learning to trade sponsored by the Chicago Mercantile Exchange. I read my script from a teleprompter, was filmed on two cameras while wearing makeup. The entire video was taped in a studio in front of an infinity wall. For a young guy from Indianapolis, this was pretty heady stuff.
The three videos cover:
Part One: Getting started - My theory of trading and three setups I like
Part Two: Developing your trading plan
Part Three: The why and how of using a trading simulator
The CME contracted 7th Wave Communications, a world-renowned video production company, to produce the videos. Thanks to the CME’s desire to produce a series of videos with the highest production values and Seventh Wave’s expertise, the three videos will very likely be the most professional futures training videos made to date.
For me, this was the experience of a lifetime. Thanks to Brain Burkhart and John Timmerman from 7th Wave and John Conolly, Paul Hayward, Bob Guardi and Liam Smith from the CME, along with my partner and wife, Toni, we have created something special that will set a new standard for professionalism in trader training. I am proud to have been part of it.
The videos are set to be released in late March or early April.
- Jeff Quinto is a 37-year veteran futures trader and a world-class trading coach. He has coached hundreds of electronic futures traders from Hong Kong, France, Slovenia, England, Australia, the US and Canada. Jeff strongly believes that professional traders are world-class competitors, comparable to professional golfers, top tennis players, and Olympic athletes. None of these elite competitors could have achieved their top-ranked status without first having a world-class coach. Jeff is that world-class coach for futures traders.
M-Trade Pro
For a highly scalable solution with open interfaces that is easy to integrate, deploy and support, choose M-Trade Pro. This cutting-edge platform provides high-performance electronic trading, comprehensive risk management tools and connectivity to global markets from a single screen. Designed for the electronic futures markets, this is your one-stop shop for a quality futures trading system. |
RCG Onyx® is a state-of-the-art trading platform that enables you to trade global futures products electronically. Based on extensive input from RCG traders, brokers and technologists, we developed the next generation of the platform, RCG Onyx® 2, to be even faster, as well as more robust and customizable.
With RCG Onyx®, you can customize your trading screen to meet your needs and trading preferences. The platform is supported by the technology staff of Rosenthal Collins Group and incorporates the industry’s latest innovations to meet our uncompromising standards for speed, resilience, redundancy and functionality.
- RCG Onyx® Web—access our browser based online account information tool from any Internet-accessible computer
- Real-time and historical charting package available (contact your broker for pricing)
- Around-the-clock technological and client support
- Trailing stops and bracket orders
- One click execution
- The "thermometer" allows at a glance market movement monitoring
- Easy viewing of market depth
- Multiple windows to facilitate multi-market trading
- Save, export, import, load and delete your customized platform layouts
- Automatic updates upon login—no need to perform manual updates
- View System Requirements
(click image to enlarge)