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Futures For You | FEB 2006
Futures For You by Dan O’Neil
Stocks & Commodities V. 24:2 (81): Futures For You by Dan O’Neil INSIDE THE FUTURES WORLD Want to learn how the futures markets really work? Dan O’Neil, a principal at online futures and forex broker XPRESSTRADE (www.xpresstrade.com), responds to your questions about today’s futures markets. To submit a question, post your question to our website at http://Message-Boards.Traders.com. Answers will be posted there, and selected questions will appear in a future issue of S&C. NYMEX STUCK ON OPEN OUTCRY Gold is trading around 25-year highs. Crude oil continues to hover over $60 per barrel. Natural gas recently jumped to an all-time record, settling above $15 for the first time ever. Copper is in the midst of a powerful bull market. Gasoline prices have been making headlines for months. These are the best of times for the New York Mercantile Exchange (NYMEX), the world’s primary venue for trading in energy and metal futures. NYMEX trading volumes have been surging, and the exchange’s memberships are at historically lofty levels — as I am writing this, a full NYMEX membership last changed hands for $3.6 million.
by Dan O’Neil
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