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  • Phi Asset Managers 8:37 am on July 2, 2012 Permalink | Reply
    Tags: CME, ,   

    Nymex bringing Scum and Bags together 

     
  • Phi Asset Managers 10:27 am on June 27, 2012 Permalink | Reply
    Tags: , , CME, , , ,   

    Fill in the BLACK 

    Hidden Fraud

     
  • Phi Asset Managers 9:54 am on June 27, 2012 Permalink | Reply
    Tags: , CME,   

    Nymex 

     
  • Phi Asset Managers 6:47 pm on June 25, 2012 Permalink | Reply
    Tags: , Bill downe obituary, , , CME, , ,   

    Trading Losses, Cover-ups, and Media Leaks 

    BMO’s CEO is just not Downe for showing this, here they are  anyway.

    For those Being Moore lazy than BMO’s risk management, here is the recap of said documents in a slide show. Or, the FULL set of BMO’s  documents can be read here (175, 177, 178). And for the ultra motivated bankster killers (i.e. WilliamBanzai7 and Tyler Durden) any related documents are accessible HERE. I am Moore than happy to provide the confidential Deloitte report upon request.  What is that smell? Is that ZeroHedge catching the smell of scienter Bill-owing out of BMO’s C-suite.

    This slideshow requires JavaScript.

    additional photo credits go to Banzai7
     
  • Phi Asset Managers 1:33 pm on November 9, 2011 Permalink | Reply
    Tags: , CME,   

    Inside Bank of Montreal's Black Box 

    Complete lack of transparency by BMO. BMO bankers buy Black Markers. 109cv07557-194 PLAINTIFF’S MEMORANDUM OF LAW IN SUPPORT OF MOTION TO DISMISS COUNTERCLAIMS OF DEFENDANT OPTIONABLE, INC

     
  • Phi Asset Managers 10:55 am on November 1, 2011 Permalink | Reply
    Tags: CME, LBMA, MF Global   

    Orderly Please 

    Notice regarding CME, NYMEX and ICE Action

    Due to MF Global Holdings Ltd. and its finance subsidiary, MF Global Finance USA Inc., filing for Chapter 11 Bankruptcy Petition, the CME Group, NYMEX and ICE are accepting “liquidation only” orders from MF Global clients, and have restricted electronic access to their markets.

    This means that you may place offsetting orders for current open positions at MF Global, but may not place any new orders. Performance of your trades is guaranteed by exchange clearinghouses.

     
  • Phi Asset Managers 10:39 am on September 18, 2011 Permalink | Reply
    Tags: CME,   

    Oil Markets 

    The Asylum is a stunning exposé by a seasoned Wall Street journalist that once and for all reveals the truth behind America’s oil addiction in all its unscripted and dysfunctional glory. In the tradition of Too Big to Fail and Liar’s Poker, author Leah McGrath Goodman tells the amazing-but-true story of a band of struggling, hardscrabble traders who, after enduring decades of scorn from New York’s stuffy financial establishment, overcame more than a century of failure, infighting, and brinksmanship to build the world’s reigning oil empire—entirely by accident.

    Book Description

    They were a band of outsiders unable to get jobs with New York’s gilded financial establishment. They would go on to corner the world’s multitrillion-dollar oil market, reaping unimaginable riches while bringing the economy to its knees.

    Meet the self-anointed kings of the New York Mercantile Exchange. In some ways, they are everything you would expect them to be: a secretive, members-only club of men and women who live lavish lifestyles; cavort with politicians, strippers, and celebrities; and blissfully jacked up oil prices to nearly $150 a barrel while profiting off the misery of the working class. In other ways, they are nothing you can imagine: many come from working-class families themselves. The progeny of Jewish, Irish, and Italian immigrants who escaped war-torn Europe, they take pride in flagrantly spurning Wall Street.

    Under the thumb of an all-powerful international oil cartel, the energy market had long eluded the grasp of America’s hungry capitalists. Neither the oil royalty of Houston nor the titans of Wall Street had ever succeeded in fully wresting away control. But facing extinction, the rough-and-tumble traders of Nymex—led by the reluctant son of a produce merchant—went after this Goliath and won, creating the world’s first free oil market and minting billions in the process. Their stunning journey from poverty to prosperity belies the brutal and violent history that is their legacy.

    For the first time, The Asylum unmasks the oil market’s self-described “inmates” in all their unscripted and dysfunctional glory: the happily married father from Long Island whose lust for money and power was exceeded only by his taste for cruel pranks; the Italian kung fu–fighting gasoline trader whose ferocity in the trading pits earned him countless millions; the cheerful Nazi hunter who traded quietly by day and ambushed Nazi sympathizers by night; and the Irish-born femme fatale who outsmarted all but one of the exchange’s chairmen—the Hungarian emigre who, try as he might, could do nothing to rein in the oil market’s unruly inhabitants.

    From the treacherous boardroom schemes to the hookers and blow of the trading pits; from the repeat terrorist attacks and FBI stings to the grand alliances and outrageous fortunes that brought the global economy to the brink, The Asylum ventures deep into the belly of the beast, revealing how raw ambition and the endless quest for wealth can change the very nature of both man and market.

    Showcasing seven years of research and hundreds of hours of interviews, Leah McGrath Goodman reveals what really happened behind the scenes as oil prices topped out and what choice the traders ultimately made when forced to choose between their longtime brotherhood and their precious oil monopoly.

     
  • Phi Asset Managers 3:04 pm on September 8, 2011 Permalink | Reply
    Tags: CME, Illinois, Taxes   

    Iconic Chicago exchange CME Group Inc. 

    Reuters

    1:37 p.m. CDT, September 8, 2011
    Iconic Chicago exchange operator CME Group Inc. will decide “shortly” whether to keep its headquarters in Illinois, where it has a disproportionate tax burden, its executive chairman said Thursday.

    Terrence Duffy said other U.S. states are seeking to attract the parent of the Chicago Mercantile Exchange and the Chicago Board of Trade, adding he expects to have these states’ proposals in hand in two weeks.

    “We are definitely working and seeking proposals actively from other states, and they’re seeking us,” Duffy said in an interview. “We’re going to have a decision that needs to be made.”

     
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