FOW and John Lothian News Present:
Trading Chicago
​
Trading Chicago, a specialist event aimed at CTAs, props and hedge funds in the US derivatives market. 
Join over 250 delegates from the local, regional and international CTA, prop and hedge fund community for a range of panel discussions covering the US derivatives market, Ted style talks and a debate on the future of Dodd-Frank.
Don’t miss out on the opportunity to hear expert speakers and network with key industry players at the event.

Topics Include:
Debate: Dodd-Frank Should be repealed
Derivatives markets in an age of populism 
Fixed income trading: the opportunity in uncertainty
Ted talk
Is the current US options market structure sustainable? 
Customizable technology: buy and build 
Ted talk: Machine Learning in Trading
Is the speed race over? Is data the edge today? 
Mifid II: impact on the US market

Speakers Include:​

Jesper Alfredsson, President Americas, Itiviti
Chris Anderson, Strategic Research, Senior Product Manager, Itiviti
Juan Arciniegas, Shareholder, Vedder Price
Garrett Baldwin, Economist and Editor-at-large, Money Map Press
Steve Crutchfield, Head of Market, CTC
Robert D'Arco, CEO, Rival Systems
Hazen Dawani, CEO and Co-Founder, OptionsCity
Chip Dempsey, Senior Vice President and Chief Commercial Officer, OCC
Gary DeWaal, Special Counsel, Katten Muchin Rosenman LLP
Julie Dixon, Managing Principal, Titan Regulation
Matthew Dixon, Assistant Professor of Finance and Statistics, Illinois Institute of Technology
Jay Feuerstein, Founder, Xenon Capital
Ilya Gorelik, CEO, Deltix
Carl Gilmore, President, Integritas Financial Consulting
Tim Gits, Senior Vice President, Head of Fixed Income Trading & Clearing Sales, Eurex
Daniel Gramza, Owner, Gramza Capital Management
Steve Grob, Director of Group Strategy, Fidessa
Chris Hehmeyer, CEO, Hehmeyer Trading + Investments
Paul Jiganti, Managing Director Operations Business Development, IMC
Robert Kallay, Director Trading Operations, Andrie Trading Companies
Jim Kharouf, CEO, John Lothian News
David Klusendorf, CIO, Typhon Capital Management
Richard Mackey, President, RGS
Peter Maragos, CEO, Dash Financial Technologies
Will Mitting, Managing Director, Global Investor Group
Chris Monnery, US Head of Product Marketing, Electronic Execution, Fidessa
Mike O'Hara, Senior Vice President, Wedbush
Brian Peterson, Partner, Algorithmic Trading Lead, DV Trading
Craig Pirrong, Professor of Finance, University of Houston
Jonathan Shaw, Risk Manager, TransMarket Group LLC
Euan Sinclair, Partner, Talton Capital Management
Leslie Sutphen, President, Financia Markets Consulting LLC
Thom Thompson, Business Development Consultant, TGT Consulting
Jennifer Tveiten-Rifman, Chief Compliance Officer, Gelber Group
Joshua Yang, Partner, K&L Gates LLP

Date: June 28th
Venue: Swissotel, Chicago, IL
Time: All day
Reception to follow event

For more information and registration click here

Mark Shore has more than 25 years of experience in the futures markets and managed futures, publishes research, consults on alternative investments and conducts educational workshops (see full biography on page 18).

Part 1: Utilizing a European volatility index for Pan-European volatility 
 
Part 2: VSTOXX®/VIX volatility spread behavior during recent volatility events  

Part 3: Introduction of CFTC-certified options on VSTOXX® Futures 

To download the paper click here

Follow Mark Shore on Twitter, Facebook and Linkedin


Copyright ©2017 Mark Shore. Contact Mark Shore for permission for republication at [email protected] Mark Shore has more than 25 years of experience in the futures markets and managed futures, publishes research, consults on alternative investments and conducts educational workshops. www.shorecapmgmt.com 
​
Mark Shore is also an Adjunct Professor at DePaul University’s Kellstadt Graduate School of Business, where he teaches the only known accredited managed futures course in the country. He is also a Board Member of the Arditti Center for Risk Management at DePaul University.
​
Past performance is not necessarily indicative of future results. There is risk of loss when investing in futures and options. Futures and options can be a volatile and risky investment; only use appropriate risk capital; this investment is not for everyone. The opinions expressed are solely those of the author and are only for educational purposes. Please talk to your financial advisor before making any investment decisions.

CTAExpo LLC Presents:
CTA Expo / Emerging Manager Forum in NYC 2017

The New York event on April 27, 2017 is a combination of Emerging Manager Forum and CTA Expo. The Expo / Forum is a one day conference consisting of speakers and panels combined with extensive networking opportunities. Attendees can attend any of the presentations throughout the day or decide to talk and network with other industry professionals.

Topics include:
Presentation Of The CTA Expo / Emerging Manager Forum Lifetime Achievement Award
Recipient:
Emerging Manager Selection... An Investors Prospective
Alternative Shark Tank
Cyber Security... It's Effect On Investors, Managers And Global Markets
Opportunities Overseas For Emerging Managers And Emerging Manager Investors
Becoming An Industry Thought Leader... What Steps Do I Take
Financial Technology... The Future For Investors And Trades
Operational Issues And Client Services... What Investors Look For And What Managers Should Provide
 
Speakers Include:
Bucky Isaacson & Frank Pusateri (CTAExpo LLC)
Dermot Butler
Julie DeMatteo (Managing Partner, RJ Oasis)
Bobby Schwartz (Managing Partner, RCM Alternatives)
Michael Rose (Managing Partner, Rose Capital Advisors)
Marc Rosenberg (Founder, Quality Management Consultants)
Bruce Frumerman (Founder & CEO, Frumerman & Nemeth LLC.)
Michael Dubin (Senior Advisor, Silvercrest Asset Management)
Brett Horton (Consultant)
Ole Rollag (Managing Principal, Murano Systems)
Ronald Honka (Partner in Charge - Financial Services, Grassi & Co.)
Craig Holliday (Abbey Consulting)
Carlos Collazo (Principal Advisor, Cyber Intelligence & Business)
Stephen Klein (President, Abington)
Alex Lenhart (Director of US and Europe Sales, SGX)
Bob Swarup PhD (Principal, Camdor Global)
Lynette Lim ( CEO, Phillip Capital Inc.)
Tracy Williams (CEO, Olmstead Williams Communications)
Rumi Morales (Executive Director, CME Ventures)
Brad Janitz (Manager Futures Division, Midland IRA)
Keith Willis (Senior Manager, Trident Fund Services)
Rainford Knight PhD (Managing Partner, Florida Institute of Finance)
Mark Ruddy (Principal, Ruddy Law Office, LLC.)
John Hynes (CEO, HedgeFacts)
 
Date: Thursday April 27th, 2017
Time: 8am to 4:30pm
Venue: Stewart Hotel, 371 Seventh Ave (at 31st Street) New York City, NY
 
There will be a cocktail reception immediately following the event
 
For more information and registration click here
 
About CTA Expo:
The CTA Expo and Emerging Manager Forum conferences were started in 2008 to help Professional Investors, Allocators, Capital Raisers, Institutions, and RIA’s meet and identify new and emerging talent in the Hedge Fund, CTA, FX, and Alternative Management space to promote alternative investments. We now offer events in New York, Chicago, and Miami.

Mark Shore, Chief Research Officer of Shore Capital Research LLC and Adjunct Professor at DePaul University in Chicago was a special guest on Benzinga's PreMarket Prep broadcast, (http://premarket.benzinga.com/pre-market-show/) the morning of December 28, 2016 with hosts Joel Elconin and Dennis Dick

​The interview starts about 39 minutes into the broadcast on youtube (above) or 34 mins on soundcloud 

Topics discussed include: hedge funds, managed futures, volatility, VIX, VSTOXX and VSTOXX / VIX spread

Follow Mark Shore on Twitter, Facebook and Linkedin

www.shorecapmgmt.com 
​
​
Past performance is not necessarily indicative of future results. There is risk of loss when investing in futures and options. Futures and options can be a volatile and risky investment; only use appropriate risk capital; this investment is not for everyone. The opinions expressed are solely those of the author and are only for educational purposes. Please talk to your financial advisor before making any investment decisions.

In past articles, I’ve discussed the negative correlation between the VSTOXX® Volatility index and the EURO STOXX 50® Index and how the volatility index tends to rally when equities decline (downside volatility).

The recent passing of the Brexit vote on 23 June 2016 introduced immediate uncertainty and downside volatility to the global capital markets. The results of several upcoming European elections could introduce more uncertainty and volatility into the capital markets. According to Bloomberg News, 40 percent of the EU economy will be voting in 2017.[i]

Market reactions to the Brexit vote are still being READ MORE


Follow Mark Shore on Twitter, Facebook and Linkedin

Copyright ©2016 Mark Shore. Contact Mark Shore for permission for republication at [email protected] Mark Shore has more than 25 years of experience in the futures markets and managed futures, publishes research, consults on alternative investments and conducts educational workshops. www.shorecapmgmt.com 

Mark Shore is also an Adjunct Professor at DePaul University’s Kellstadt Graduate School of Business, where he teaches the only known accredited managed futures course in the country. He is also a Board Member of the Arditti Center for Risk Management at DePaul University.

Past performance is not necessarily indicative of future results. There is risk of loss when investing in futures and options. Futures and options can be a volatile and risky investment; only use appropriate risk capital; this investment is not for everyone. The opinions expressed are solely those of the author and are only for educational purposes. Please talk to your financial advisor before making any investment decisions.

Summary

• Over the past week the VSTOXX / VIX spread narrowed and then widened as the EURO STOXX 50 Index declined.
• A one and two standard deviation move would price the spread between 8.8 and 12.5.
• As a sentiment indicator could an overbought VSTOXX / VIX spread imply at least short-term support in the EURO STOXX 50 Index & the S&P 500?

My recent article " VSTOXX / VIX Spread May Imply An Equity Correction" discussed some of the basics of the spread and potential signals it may offer about the underlying EURO STOXX 50 index and the S&P 500 index. I received a lot of positive feedback and demand for this analysis, so I will be updating the spread data and analysis on a regular basis. Think of the spread as  
​READ MORE
 
Follow Mark Shore on Twitter, Facebook and Linkedin

Copyright ©2016 Mark Shore. Contact Mark Shore for permission for republication at [email protected] Mark Shore has more than 25 years of experience in the futures markets and managed futures, publishes research, consults on alternative investments and conducts educational workshops.www.shorecapmgmt.com 

Mark Shore is also an Adjunct Professor at DePaul University’s Kellstadt Graduate School of Business, where he teaches the only known accredited managed futures course in the country. He is also a Board Member of the Arditti Center for Risk Management at DePaul University.

Past performance is not necessarily indicative of future results. There is risk of loss when investing in futures and options. Futures and options can be a volatile and risky investment; only use appropriate risk capital; this investment is not for everyone. The opinions expressed are solely those of the author and are only for educational purposes. Please talk to your financial advisor before making any investment decisions.
​

Summary

• The pricing of the $VIX futures back months have remained relatively stable as the front months recently declined.
• The longer the spot and front month remain at the lows, the higher the probability for a correction in $SPX.
• The current state of the forward curve may be giving clues to the "shape of things to come".

Recently the market has discounted equity declines with the focus
READ MORE

Follow Mark Shore on Twitter, Facebook and Linkedin

Copyright ©2016 Mark Shore. Contact Mark Shore for permission for republication at [email protected] Mark Shore has more than 25 years of experience in the futures markets and managed futures, publishes research, consults on alternative investments and conducts educational workshops.www.shorecapmgmt.com 

Mark Shore is also an Adjunct Professor at DePaul University’s Kellstadt Graduate School of Business, where he teaches the only known accredited managed futures course in the country. He is also a Board Member of the Arditti Center for Risk Management at DePaul University.

Past performance is not necessarily indicative of future results. There is risk of loss when investing in futures and options. Futures and options can be a volatile and risky investment; only use appropriate risk capital; this investment is not for everyone. The opinions expressed are solely those of the author and are only for educational purposes. Please talk to your financial advisor before making any investment decisions.

CTAEXPO LLC Presents:
​CTA Expo 2016 Chicago

CTA Expo is designed to provide CTA’s and FX Traders the foundation of knowledge they need from both an operational and marketing perspective to raise AUM, and the opportunity to network with Family Offices, Professional Capital Raisers, Individual Investors, Allocators and IRA’s looking to identify trading talent as a source of Alpha. 

CTA Expo also offers speakers on how managers can grow their business, gain access to capital sources, and how allocators can more effectively manage their portfolios. 

The Agenda and Speakers Include: 
​CONFERENCE CHAIRMAN 
Ian Morley Wentworth Hall Consultancy
Welcoming Remarks
Bucky Isaacson and Frank Pusateri (CTA Expo LLC)
 
EMERGING MANAGER SELECTION... WHAT INVESTORS LOOK FOR
Different types of investors look for different characteristics in the managers they invest in.
MODERATOR:
Tim Pickering (CEO - Auspice Capital Management)
PANELIST:
Ernest Jaffarian (CEO - Efficient Capital Management, LLC.)
Ole Rollag (Managing Principal - Murano)
Dimitri Sogoloff (CEO - Horton Point, LLC.)
 
MEDIA… DOES IT WORK? & HOW TO USE IT TO BUILD AUM
Emerging managers often overlook the importance of using the media as an effective marketing tool.
Matthias Knab (FOUNDER - Opalesque Ltd)
 
Cyber Security and its Effect on Investors, Managers and Global Markets
Paul Caiazzo (CEO - TruShield Security Solutions, Inc)
 
GROWING YOUR AUM… HOW BROKERS CAN HELP
Before a manager selects a broker they should consider more than commission rates. MODERATOR:
Buck Haworth (CEO - Born Technology)
PANELIST:
Eric Eiers (ADM Investor Services, Inc)
John Hyde (Wells Fargo)
Robert Cihlar (Dorman Trading LLC)
 
KEYNOTE CONVERSATION
Phupinder Gill and Bucky Isaacson will discuss the state of the Managed Futures Industry, the CME Groups efforts to help that segment of the Alternative Financial Community continue to grow and an overview of where the CME is at and what they expect in the future
PHUPINDER GILL (CEO - CME Group)
Bucky Isaacson (Partner - CTAExpo LLC)
 
BUILDING YOUR PERSONAL BRAND AND ITS IMPORTANCE IN DIFFERENTIATING YOURSELF IN A COMPETITIVE ENVIRONMENT
In their marketing efforts managers give little consideration to branding and how it can be used to help build AUM in a crowded field.
Teresa Alpert (Crimea River Ltd)
 
OPERATIONAL CONSIDERATIONS, SERVICE PROVIDERS AND THEIR IMPACT ON THE INVESTMENT DECISION
Before deciding to invest potential clients will look at the Service Providers a manager uses and the manager’s internal operations before committing assets
MODERATOR:
Annette Cazenave (A Cazenave LLC)
PANELIST:
Robert DeMuria (Founder – Compliances Supervisors International Inc)
Brad Janitz (Midland IRA)
Eddie Lund (SVP Business Development – Gemini Fund Services, LLC)
John Hynes (CEO – HedgeFacts International Ltd)
 
REGULATORY CHALLENGES… 2016 AND BEYOND

As the regulatory environment continues to evolve and become more complex compliance becomes more expensive and a bigger factor when evaluating emerging managers.
MODERATOR:
Norma Richmond (Manager, Audit & Assurance - Arthur Bell CPAs)
PANELISTS:
Daniel G. Viola (Partner – Sadis and Goldberg LLP)
Michael Sefton (Baker & McKenzie, LLP)
 
Date: Sept 15th, 2016. 
Venue: UBS Tower, One North Wacker Drive, Chicago, IL
Time: All day (1/2 day event the day before. See CTA site for more information)

Cocktail reception immediately following event

For more information and registration click here
 
​

Summary

• Commodities are often quoted in U.S. dollars, making commodities cheaper or more expensive to the rest of the world based on the direction of the dollar.
• The 12-month and 36-month rolling correlations of $DXY to S&P GSCI note an increasing negative correlation.
• Longer-term directional moves of the U.S. dollar may imply the general direction of commodities as a sector.

I recently spoke at an ETF conference about commodities. During the panel discussion I mentioned that commodities includes a lesser known 
READ MORE

Follow Mark Shore on Twitter, Facebook and Linkedin

Copyright ©2016 Mark Shore. Contact Mark Shore for permission for republication at [email protected] Mark Shore has more than 25 years of experience in the futures markets and managed futures, publishes research, consults on alternative investments and conducts educational workshops.www.shorecapmgmt.com 

Mark Shore is also an Adjunct Professor at DePaul University’s Kellstadt Graduate School of Business, where he teaches the only known accredited managed futures course in the country. He is also a Board Member of the Arditti Center for Risk Management at DePaul University.

Past performance is not necessarily indicative of future results. There is risk of loss when investing in futures and options. Futures and options can be a volatile and risky investment; only use appropriate risk capital; this investment is not for everyone. The opinions expressed are solely those of the author and are only for educational purposes. Please talk to your financial advisor before making any investment decisions.

Summary

• WTI Crude Oil futures is currently priced around the 30-year average. This makes the market on par with the longer-term average of the front-month futures contract.
• The 30-, 15- and five-year seasonality averages of WTI Crude Oil front-month futures show declines in the second half of the year.
• The seasonality data offers evidence for crude oil to form a long-term bottom.

Earlier this year, crude oil bounced off its multi-year low, and many market participants are now  READ MORE

Follow Mark Shore on Twitter, Facebook and Linkedin

Copyright ©2016 Mark Shore. Contact Mark Shore for permission for republication at [email protected] Mark Shore has more than 25 years of experience in the futures markets and managed futures, publishes research, consults on alternative investments and conducts educational workshops.www.shorecapmgmt.com 

Mark Shore is also an Adjunct Professor at DePaul University’s Kellstadt Graduate School of Business, where he teaches the only known accredited managed futures course in the country. He is also a Board Member of the Arditti Center for Risk Management at DePaul University.

Past performance is not necessarily indicative of future results. There is risk of loss when investing in futures and options. Futures and options can be a volatile and risky investment; only use appropriate risk capital; this investment is not for everyone. The opinions expressed are solely those of the author and are only for educational purposes. Please talk to your financial advisor before making any investment decisions.