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King Crimson
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cnbc is doing a spot on the closing bell at 3pm about hedgestreet.com
http://www.hedgestreet.com/hedgelet/trade/portal/desktop

new electronic marketplace...

..appears to be a way for the small investor to be able to play options on future positions of different risks--like derivatives. not sure if i'm explaining this correctly--go to the website, and/or watch the closing bell.

sounds like an interesting concept nonetheless...

hope i posted this in the right place bob..


Posts: 702 | From: usa | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
King Crimson
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well here's some dd...

cftc--commodites futures trading commission
nfa--national futures association
BASIC--background affiliation status information center
http://www.cftc.gov/cftc/cftchome.htm
http://www.nfa.futures.org/basicnet/

hedgestreet, inc
nfa id: 0340344 current status• COMMODITY EXCHANGE http://www.nfa.futures.org/basicnet/SearchResults.aspx?type=firm&firm=HEDGESTREET+INC

details http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0340344&rn=Y

HedgeStreet, Inc designation as contract market 1/18/04 http://www.cftc.gov/dea/deahedgestreet_submissions_comments.htm http://www.cftc.gov/files/opa/press04/opahedgestreet_designation_order.pdf

requests and approvals for rules and amendments http://www.cftc.gov/dea/deaapprovalofrulestable.htm

designation memorandum 2/10/04 http://www.cftc.gov/files/opa/press04/opahedgestreetdesignationmemo_web.pdf http://www.cftc.gov/files/opa/opahedgestreetdesignationmemo021704.pdf

designation 2/20/04 http://www.cftc.gov/opa/press04/opa4894-04.htm

rules changes 7/8/04 http://www.cftc.gov/files/submissions/rules/selfcertifications/2004/rul070804he dgestreet001.pdf

contracts/products filed with cftc http://www.cftc.gov/dea/deacertif.htm

cftc--internet based retail derivatives exchange launch http://www.kmzr.com/files/tbl_s23Publication s/FileUpload117/2827/Corporate%20and%20Financial%20Weekly%20Digest%20Oct%2022%2004.pdf

corporate weekly digest 2/27/04 business/financial news in brief http://www.kmzr.com/files/tbl_s23Publications/FileUpload117/25 06/Corporate%20Weekly%20Digest%20Feb%2027%2004.pdf

http://cbs.marketwatch.com/news /story.asp?dist=¶m=archive&siteid=mktw&guid=%7B349981E6%2D4FEB%2D4D09%2DB7CD%2DF2DEE8C6065C%7D&garden=&minisite=

[This message has been edited by King Crimson (edited November 18, 2004).]


Posts: 702 | From: usa | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
King Crimson
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here's some more...
http://www.institutionalinvestor.com/default.asp?page=1&SID=446567&ISS=11264&type=8

Electronic Market For Hedging Risks Launches
Source: InstitutionalInvestor.com

HedgeStreet has launched an all-electronic, non-intermediated trading platform for investors to trade financial instruments based on economic risks such as the direction of the price of oil, interest rates and currencies. The Commodity Futures Trading Commission has designated it as a contract market and a derivatives clearing organization. HedgeStreet views this launch as timely, given the dramatic increase in the number of hedge funds.
“Arbitrage strategies' profitability is bound to diminish,” projected Russell Andersson, co-founder and v.p., instrument origination at HedgeStreet. “We believe this will be successful because derivatives trading dwarfs the stock market.”

The market offers different derivatives trading products to retail and institutional investors.

Retail participants can invest in contact sizes as small as $10 and trade on interest rate, currency and commodity-based products. Institutional investors can trade their market views on economic indicators.

“It is democratizing derivatives trading,” said Andersson. Additionally, HedgeStreet can list products quicker than traditional exchanges because it is electronic, he said. Andersson noted HedgeStreet does not expect to become competitive with traditional exchanges, “We can be profitable on lower trading volume than traditional exchanges would require. We see success in terms of the number of instruments we can bring to trade and the number of members we have.”


Posts: 702 | From: usa | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
King Crimson
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and more...save your google search...
http://www.aktienboard.com/vb/archive/index.php/t-86191.html
http://home.businesswire.com/portal/site/google/index.jsp%3FndmViewId%3Dnews_view&newsId%3D20041020005397&newsLang%3Den
http://www.futuresindustry.org/fimagazi-1929.asp?a=905&v=p
http://www.futuresmag.com/press_releases/releases/re022004a.html
http://money.cnn.com/2004/08/06/real_estate/investment_prop/hedging/
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2004/10/17/cchouse17.xml
http://money.guardian.co.uk/houseprices/story/0,1456,1346258,00.html
http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2004/11/15/tidbits1.html

Posts: 702 | From: usa | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
King Crimson
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this is a series of 3 articles referred by Michael Covel,author of...Trend Following: How Great Traders Make Millions in Up or Down Markets

1st...Derivatives and the Common Investor: HedgeStreet Exchange Opens

A new online marketplace called HedgeStreet™ (www.hedgestreet.com) lets investors trade affordable financial instruments designed to cover the full spectrum of financial risk and opportunity.

A Trillion Dollar Market with a Handful of Players

Most investors don't really know a lot about trading derivatives . . . and for good reason. Though the worldwide derivatives market represents one of the largest segments of financial trading, it is almost exclusively the domain of the wealthiest institutional and individual investors. In 2003, the worldwide volume on derivatives exchanges was $874 trillion, according to the Bank for International Settlements (BIS). But roughly 60 percent of that was controlled by a handful of the largest and richest banking institutions. As Philip McBride Johnson, former head of the Commodities Futures Trading Commission (CFTC), has stated: “Major futures markets have always played to the role of the large customer — the hedger, the producer, the institutions, the huge consumer. They've never really wanted to, or even tried to, get the little guy involved.”

Yet the benefits of derivatives trading are not limited to the mega-investor. The concept behind derivatives—enabling investors to hedge their financial risks with instruments explicitly tied to future events—is applicable to common investors as well. We all face numerous risks in our everyday lives. Some of them we can deal with quite simply: we can purchase insurance policies for our health, homes, and vehicles. But it has not been so easy to hedge many of the other risks we face, such as changes in interest rates, real estate values, commodities prices, currency exchange rates, and so on.

Now HedgeStreet is changing that.

A New Marketplace for Retail-Level Hedging and Speculation

In February, 2004, the CFTC (the regulating body of the derivatives industry) designated HedgeStreet as a contract market and registered derivatives clearing organization. This is the first time the CFTC has granted such a designation to a firm offering non-intermediated retail derivative contracts outside the traditional structure of existing futures and options markets.

HedgeStreet has one simple mission, according to CEO and founder John Nafeh: “There should be a marketplace where all investors – not just a select few – can hedge or speculate on the many economic uncertainties of everyday life.” And to accomplish this mission, HedgeStreet has launched an online exchange where investors can trade affordable, easy-to-understand derivatives instruments designed to cover the full spectrum of financial risks.

HedgeStreet clearly represents a breakthrough in online trading. Robert Shiller, Yale University economist and author of the books Irrational Exuberance and New Financial Order, has declared, “HedgeStreet’s products are the next generation of instruments that address economic risks faced by people every day.” Their simplicity, low per-instrument price, and fixed gain/loss potential make them ideal for common investors looking to hedge other investments or to speculate based on their knowledge and beliefs. As a recent analysis in FOW Magazine (September 2004) states, “If the American public embraces the concept of trading derivatives, it seems that the potential for HedgeStreet could be limitless.”

The HedgeStreet marketplace is open now at www.hedgestreet.com.
http://www.turtletrader.com/hedgestreet.html http://www.turtletrader.com/hedgestreet2.html http://www.turtletrader.com/hedgestreet3.html http://www.michaelcovel.com/archives/000198.html

[This message has been edited by King Crimson (edited November 18, 2004).]


Posts: 702 | From: usa | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
   

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