The most popular instruments are foreign currency futures on the Chicago Mercantile Exchange.
This exchange is 10 times bigger than the stock market exchange and allows participants to trade currency and currency futures.
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How about having a professional fund manager trade currency futures for you?
Leo Melamed, a Jewish immigrant from Poland, took control in 1969 and introduced currency futures and the International Monetary Market to the exchange.
More forex traders may want to consider trading currency futures too.
Because leverage with currency futures is not far off 50:1 (30:1 on the CME, for example), hedging may be easier with futures, and futures brokers must segregate assets for some protection.
By the late 1990s he started raising money from golfing buddies, supposedly to speculate on things like currency futures through trading accounts he opened at investment houses like Goldman Sachs and Refco.
Volumes in bond, currency and futures markets jumped but soon subsided, traders said.
With mounting losses in currency and futures markets, the attackers eventually took flight.
So we have stock long-short, commodity long-short, managed futures, currency long-short, real estate hedge, and a global bond hedge.
To do this effectively, a viable futures market for this currency of entrepreneurship must exist.
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This data package, coupled with the intellectual property that enables appropriate time-delimited monopoly pricing to extract returns over time, is what creates the futures market for their currency.
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You can get the currency exposure either by purchasing short-term paper issued by the flaky government in question or by taking a long position in the futures market for that currency.
In search of profitable opportunities, Bridgewater buys and sells more than a hundred different financial instruments around the world from Japanese bonds to copper futures traded in London to Brazilian currency contracts which explains why it keeps a close eye on Greece.
The economy is improving, but Jessica Hoversen, a foreign exchange and fixed-income futures analyst at MF Global, warns that the currency market may have already overextended itself in the short term, while long-term trends endanger the U.S. dollar.
Futures markets determine foreign exchange rates, and in a world of gyrating currency values there are serious questions about whether they are the best way to determine the relative value of dollars, euros and yen.
Also weighing on oil prices was a sharply stronger dollar compared with the euro, which made commodities less attractive to investors who have bought oil futures as a hedge against inflation and weakness in the U.S. currency.
Marc Chandler, head of currency strategy with Brown Brothers Harriman, pointed out that large speculators hold a record net-short position in euro futures.
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