Trading Pits To Pixels - 30 Years In The Trading Markets

CME recently announced that they are putting all but one of the remaining trading pits to bed. This got me thinking of a blog post I wrote. few months ago that covered my first time on the floor at the Chicago Board of Trade.  BTW, I'm at a remote location and my mic sounds horrible. Apologies in advance for that. Here's a link to the original blog: https://patrickrooney.substack.com/p/first-time-on-the-cbot-floor-1989

Today I spoke with Jason Perz. Jason came to futures trading after a career in BMX and we spoke about the ability to fall down and get back up again...traits greatly needed in both BMX and trading.   I was particularly excited to speak with Jason after watching his TEDx talk titled The Thrill of Failure. It's a wonderfully encouraging presentation on survival and growth.   We talked about his mentor and the group of traders he works with now. We also covered a bit of his thoughts on modeling for the markets and a few markets in particular like bitcoin, silver and crude.   Find Jason on Twitter here:  @JasonPerz138   Here's Jason's TEDx talk:  The Thrill of Failure | Jason Perz | TEDxClevelandStateUniversity https://www.youtube.com/watch?v=jSdERi_0LCU

Marco is an independent analyst and trader who learned his trading game working at a few banks in NYC. We get into his background, talk about how he does his research and get his thoughts on the non-farm payrolls number that came out today, Friday, October 2, 2020.   The interview comes to abrupt end do to technical difficulties but there's good insight here and I hope you enjoy.   Find Marco on Twitter here: @MarcoMNYC Find me on Twitter her: @patrickrooney

This is s brief chat about trading futures in China. Earlier today, Chinese  authorities announced there're relaxing requirements from institutional investors to trade securities and futures on China. This is a very, very big deal. China has numerous markets that are extremely interesting and Trading Technologies (TT) already supports a few.   As of now, TT supports the following futures products in China: Sour Crude @ INE Rubber @ INE Fuel Oil @ INE PTA @ ZCE Iron Ore @ DCE

Great chat with my buddy @olivetrader2 as he shares his experience trading volatility in Treasuries, gold, FX and grains.   Olive entered the industry trading rough rice futures and he's glad to have entered markets with considerably more liquidity. He talks about some of the correlations he watches, his delta neutral trading, delta hedging, inflation and the lack of vol in Treasuries. We spoke a bit about how negative rates killed the once vibrant JGB market in Japan and hope that we don't see the same here in the U.S.   We're both looking for inflation to pick and commodity inflation in particular. Keep an eye on grains...we both sense a long-term bottom is in the works.

Supply, supply, supply, where are you? Back on March 2 of this year, I published an article on LinkedIn and voiced my concern for inflation. My concern was that if the world goes through a lengthy shutdown, we will come out of it with rapid inflation.  My fear was, as is, that if manufacturing is throttled and governments throw money at the people, when the economy reopens we will have excess cash cash chasing too few goods. I mention a handful of examples in the podcast and explain why you can expect some serious pricing problems by the end of this year and certainly into 2021. Here's a link to the article I published on March 2, 2020 where I lay out my concerns.  https://www.linkedin.com/pulse/were-building-stuff-here-everywhere-enough-patrick-rooney

Ben Wolke started his career on the floor of the Minneapolis Grain Exchange (MGEX) in 2006 and now trades a variety of futures and cryptocurrencies. He shares his experience of getting involved with trading and evolving into the trader that he is today.   Ben and I spoke about MGEX, its popular wheat product and few attempts at creating markets in some gulf shrimp futures and motion picture futures.   We also spoke of the current markets that keep him busy including gold, silver and bitcoin.  You may find Ben on Twitter at @BenWolke and you’re welcome to ask any questions here.

Quick intro for Pits To Pixels. In this podcast I'll talk about trading and markets in general. I've kicked around this field for 30 years and you'll hear from friends I've made along the way.

TT tips (#TTtips) for the trading week ended on Sept, 17, 2021. Here’s a recap of the tips I created and published for TT this past two weeks. You’ll get a bit more flavor on each tip here as I’m not held to the character limit at Twitter. If you have any questions, please let me know. Need a tip on using TT? Ask me. Use a conditional order to trigger a 2nd order entering after the 1st is filled Use a trailing stop as part of a TT Bracket order Learn how to highlight specific prices on MD Trader Learn how Data Inject bring your global trading into a single platform Read about how TT helped bring ~ 500 traders in one group together on a single platform Learn how TT Fix Services can bring together your disparate trading needs Learn about spreading crudeoil futures between China and the U.S.. Learn how to access CBOE Europe on TT Read about access to the Athens Stock Exchange on TT Learn about using ADL to build tools to monitor markets and trigger trades Learn about the Audit Query widget to use for advanced search of trade activity

Here’s a recap of the tips I created and published for TT this past two weeks. You’ll get a bit more flavor on each tip here as I’m not held to the character limit at Twitter. If you have any questions, please let me know. Need a tip on using TT? Ask me. Expand the view of Market Explorer to find specific options and spreads Access data within the Analytics block to create your own market indicators Learn how to roll instruments in the Market Grid widget Learn about the five different displays available in the Fills widget Access TT Order Type and algo templates in the Order Ticket widget Learn about iron ore futures and other commodities available at SGX Delete Autospreader and Aggregator parent orders and leave the child order in the market Learn about what regulators are looking for in regard to spoofing and nefarious trading and how TT Score can notify you of “iffy” behavior Use the Reset on revert parameter with TT Order Types to refresh trigger counts Learn about actions that can cause your algo to pause or cancel and how to keep your child orders working should that occur Learn about precondition rules and how they add an additional layer of stealth to your TT Order Type Learn how to quickly change the interval, instrument and/or technical indicator on a chart by clicking and typing Learn about the price type rules required when setting multiple triggers with a TT Order Type Learn about building your own conditional order type in ADL Scroll through charts in TT Mobile by clicking the dropdown list of instruments Learn how to quickly roll chart instruments forward Use Algo Dashboard in a phone app, TT Mobile, to manage your algo trading Get a brief overview of TT Order Types in the initial episode of TT Office Hours Learn about using Clone and reverse to remove local and admin fills Learn how TT Score can help identify collusive spoofing which is an attempt by two or more traders to deceive the market Use the Conditional OMA to set one order as the trigger for working a second order Learn how to set a Trailing Stop as part of a TT Bracket order

Here’s a recap of the tips I created and published for TT this past week. You’ll get a bit more flavor on each tip here as I’m not held to the character limit at Twitter. If you have any questions, please let me know. Need a tip on using TT? Ask me. Find me on Twitter @patrickrooney Learn how to change the parameters of an order in the Order Book widget Create a Hotkey to join the best bid or best ask Highlight aggregated quantity cell is the Time & Sales widget Expand pop-up alert notifications that you’ve created to pause or edit that alert Use Order Profiles to carry your default order settings when you roll a contract Expose source column on OFW to keep track of your order source TT has partnered with MySteel to bring you new liquidity pools in iron ore and steel Contract volume includes volume from spreads, not just the outright futures contract TT’s Fill and Audit Trail services can periodically send secure files should you require them Autospreader includes pre-built rules to help you quickly get working on your arb edge Autospreader Rule “Quote Best Bid/Ask” can help you avoid overquoting violations Expand Market Explorer via the “More” button to easily find specific options contracts Learn what regulators consider malicious trading in Jay Biondo’s chat on #FuturesRadio Use the Analytics block in ADL to access canned technical indicators or build your own

TT tips (#TTtips) for the trading week ended on Aug. 20, 2021. Here’s a recap of the tips I created and published for TT this past week. You’ll get a bit more flavor on each tip here as I’m not held to the character limit at Twitter. If you have any questions, please let me know. Need a tip on using TT? Ask me. Sweep orders for all available or a limited quantity Configuration tips for MD Trader Sample configurations for Autospreader...crush spread, crack spread, TUT, ES/YM Use TT Score to monitor for nefarious trading like Momentum Ignition View changes in Autospreader Rules that are part of your spreading logic Add bookmarks to the ADL canvas to quickly locate specific sections of your algo logic Listen to Anthony Crudele chat with a Market Profile master, Jim Dalton, on Futures Radio Learn about normalizing currency in your international iron ore spread configurations Take advantage of account hierarchies to allocate risk to Introducing Brokers and sub-accounts Learn about crude oil options at INE in the 8/23/21 8pm CT webinar with INE, Nanhua Futures and TT Learn about the market data and working order indicators in the Markets view of TT Mobile Use the Order Book widget to change order parameters, including order type, of working orders Configure a hotkey to quickly join the best bid or best offer

Here’s a review of the #TTtips published by Trading Technologies for the week ended Aug. 13, 2021. I provide much more detail on each tip than you’ll find in the published tweet. -Keep track of P&L on MD Trader -Enabled keyboard trading to operate alongside click-trading -Learn about the new tools available with the TT Score Dashboard -Find out what you can do with the Watchlist widget -Enabled a sound alert to notify you when hung using Autospreader -” Behind the Code” debuted with an interview of Brazilian commercial pilot turned TT coder, Christian Brandalise -Learn about using Autospreader to trade iron ore futures at international exchanges and Dalian Commodity Exchange -TT has added futures and options on futures at the Warsaw Stock Exchange -Add options Greeks to Market Grid -Trade Aggregator products like micro, mini and standard-sized crude contracts on TT Mobile -Use the Allocation widget, part of TT OMS, to allocate trades to individual accounts -Use MD Trader to sweep markets for all available contracts or a limited quantity

Each week I produce and publish tips on using the TT platform and tweet them out for Trading Technologies. Here's a review of those tips along with a bit more detail as I'm not held down to character cap on Twitter. In this past week we talked about the following features: -Keyboard Trading -P&L on MD Trader -Recent 5 Questions blog interviews traders, brokers and exchanges -Stealthy order entry with TT If Touched orders -Give-up accounts on Blocktrader -Using Alert block with Analytics block for trade signal notifications -Building algos that may be used with MD Trader (DOM) -Austospreader Rules that prevent aggressive orders (good for crypto) -H/T to Futures Radio and its guests -Configure price display as fractions or decimals --Build a simple algo in 10 minutes that determines how aggressively to bid the market -Override tick size in Autotrader for a better display of wide markets The TT® Platform #trading #markets #futures #futuresmarkets

Hey everybody. If you trade futures or crypto, this podcast is for you. I generate tips on using the TT platform from Trading Technologies and here's all of them from the past week. I've added a bit more information in the descriptions here as I'm not limited by the Twitter character overlords. Let me know what you think or if you have any questions. You can find these tips on Twitter and LinkedIn by searching for #TTtips. You could also follow @Trading_Tech and @patrickrooney.

Is the threat of more Quantitative easing putting downward pressure on USD? What's holding #silver up at these levels? Where'd the 3% rally in the IPC/BMV index at #MexDer come from? Bitcoin 17k. I have no idea. Lumber keeps rambling higher. SHFE/INE is opening up #copper futures to international traders this week.   #China #shorts

Today I spoke with Darin Newsom, President of Darin Newsom Analytics Inc.  Darin has been in the ags game long enough to learn a great deal about what really matters when it comes to commodity futures.  We talked about the value in studying market technical analysis vs. market fundamentals. We covered how to read the market based off futures prices and particularly futures spreads. The information is all in there.    We looked at the value in Commitment of Traders reports.   We discussed the impact of fluctuations in the the Dollar and how that impacts commodity prices.   Darin gave us three instrument to watch in the coming week.   December 2020 Corn - particularly the Dec/Mar spread  December Cattle  December Gold