Andrew Abraham

andy-0101 My name in Andrew Abraham. I have been investing in commodities and managed futures since 1994. I adhere to the philosophy of trend following. Trend following stresses a disciplined approach to commodity/ futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets me apart from other traders is that I am not only concerned about the return on investment but how much risk I will have to tolerate to achieve my goals.

Contact Details

If you are interested in contacting for speaking engagements. Please email me at Andrabr9@gmail.com or call 954 903 0638.

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Risk Warning

Futures and commodity trading involve substantial risk. The evaluations of futures and commodities may fluctuate and as a result, clients may lose more than their original investment. In no event should the content of this website be construed as an express or an implied promise, guarantee or implication by, that you will profit, or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible, where projections of future conditions are attempted.

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Segregated Accounts At MF Global & Others

This goes to the heart of what the futures industry and all clearers are now faced with

and is an amazing revelation on a total floor in the segregation protection.

PLEASE TAKE NOTE AND ASK YOUR CLEARER THE QUESTION

THEY ARE PERFECTLY WITHIN THEIR RIGHT TO MAKE A FREE BET ON EUROPEAN OR JUNK BONDS WITH YOUR MONEY.NOTHING ILLEGAL IN IT AT ALL.ALL OF IT CAN BE PARKED OFF BALANCE SHEET AS REPOS TOO,SO IT MIGHT BE DIFFICULT TO FIND ON THE ACCOUNTS.GET IN WRITING WHAT THEY ARE DOING

http://online.wsj.com/article/SB10001424052970204621904577016341234026240.html?mod=googlenews_wsj

all clients need to know what securities of what duration are purchased with the FREE segregated funds at their clearer and what capital exposure this puts those funds to.There are no rules at present on what securities your GCM can buy and in these low interest rate environments THEY WILL ALL BE SUBSIDISING DIMINISHED BROKERAGE REVENUES WITH LONGER DURATION PURCHASES TO BOOS INTEREST INCOME OR BUYING IMPAIRED CREDIT INVESTMENTS LOOKING FOR GAIN which are then booked as revenue

ASK YOUR CLEARER WHAT THEY DO WITH THE INTEREST FREE BALANCES IN SEGREGATED ACCOUNTS.MF GLOBAL PURCHASED EUROPEAN SOVEREIGN BONDS (ITALY) ON REPO. 17 BILLION DOLLARS OF ITALIAN DEBT IN LONDON ALONE .AS A REPO THIS WAS OFF BALANCE SHEET AND WAS NOT REPORTED IN ACCOUNTS

these are the relevant paragraphs from the above wall st article,discussing CFTC concerns.

“One of the topics of the call: a CFTC proposal to restrict how futures-trading firms such as MF Global can invest cash sitting in customer trading accounts. MF Global strongly opposed the restrictions, which it said would hurt its business, according to the people.

The proposed rule, which the CFTC hasn’t voted on, would restrict the percentage of total assets in segregated accounts a firm could invest in certain securities. Firms could invest just 10% of their assets in municipal bonds and 25% of their assets in commercial paper. Currently, there are no such limitations.

The rule would eliminate a firm’s ability to invest clients’ funds in foreign government debt. MF Global’s recent troubles started after it was revealed that the firm had made large bets on European debt that had plunged in value.

In a Dec. 2, 2010, comment letter, jointly written with brokerage firm Newedge USA LLC, MF Global claimed the proposed restrictions were seeking to “fix something that is not broken.” They could “decrease significantly the income [futures clearing merchants] derive…from prudently investing in customer segregated funds.”

In the extreme, the firms claimed, the proposal could put a number of futures merchants out of business. Futures merchants can book the excess interest on the investment of clients’ funds as revenue, or they can give the interest to clients.

BASICALLY THE ONLY PROTECTION YOU CAN HAVE ON SEGREGRATED FUNDS IS NO FREE BALANCE AT ALL .WITHDRAW AND PAY DAILY TO ZERO MARGIN BALANCE


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