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.

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

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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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CME defends handling of MF Global collapse- Ask a MF Global Client

Reuters ran a piece regarding the CME. I would tend to believe that the vast majority of MF Global clients do not think so. Even more so I have heard repeatedly calls to boycott the CME. It is not that far out of the realm.

CME defends handling of MF Global collapse

(Reuters) – The CME Group (CME.O) on Wednesday fought back against criticism it has not done enough to protect customers whose money has gone missing in the collapse of brokerage MF Global Holdings Ltd (MFGLQ.PK).

CME was “over collateralized when it came to MF Global’s customer positions in CME’s clearinghouse,” Jamie Parisi, CME’s chief financial officer, told investors during a webcast presentation at New York brokerage conference.

A shortfall in money in customer segregated accounts at MF Global “was an issue between MF and their customers,” Parisi said at the Keefe, Bruyette & Woods conference.

“Our clearinghouse did a fantastic job around this,” he said.

Parisi’s comments came as customers who had open positions and cash in MF Global accounts continued to wait to get their money back. As much as $1.2 billion is still missing since its collapse October 31.

Customers have said CME should have exercised greater oversight of MF Global before its bankruptcy, with some calling for the exchange to compensate clients for their losses while a MF Global trustee searches for the missing funds.

CME was MF Global’s main regulator at the exchange level. It performed an audit on the brokerage days before its bankruptcy, which was caused by bad bets on European sovereign debt.

Last week, the CME expanded the size of a fund to help expedite the return of client cash to $550 million from $250 million.

Parisi downplayed complaints about delays in returning money to customers.

“There’s been some delay in returning the funds, but when you compare it to other just general bankruptcy situations, it’s been a very quick return of a substantial amount of funds,” he said.


Parisi also said the CME would not give up on negotiations with Illinois lawmakers on a package of tax breaks from the state after a proposed deal was voted down by the Illinois House of Representatives on Tuesday.

The exchange has threatened to leave Illinois because of a heavy tax burden.

“Unfortunately we were not able to get something passed in this recent session that would have been a benefit for CME going forward,” he said. “We’ll continue to work there and we will continue to look at our other options.”

CME executives have said the exchange’s physical trading floors would remain in Chicago. Other operations could move out of state.

Andrew Abraham
Abraham Investment Management

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