What is the cloud?
The cloud -- short for cloud computing -- is the inescapable buzzword that has made its way into the mainstream. And it’s not going anywhere.
It seems as if futures trading has been the underdog of the trading world since before the Civil War, when many eyed futures traders with suspicion of the markets being an insiders-club open to a select few with elite connections in Chicago.
They call him Slim, a nickname based off his trading floor badge acronym "SLM" that he wore in 1974 after purchasing a CBOE membership seat for $35,000. Steve Miller has spent the last 40 years trading futures, stocks and options both on and off the Chicago trading floors. After 10 years trading on the CBOE floor he moved next door to trade futures becoming a member of the Chicago Board of Trade in 1981. He expanded his trading experience and skills by trading corn, soybeans, 30-year bonds and bond options on the floor. The following year Slim began trading S&P futures contracts after their launch in April 1982.
We’ve seen many signs in the first quarter of 2015 (and earlier) that favor futures trading. It’s great to see news that brings much-deserved attention to the instrument and we only anticipate that its star will continue to rise, enhancing market opportunities, attracting new participants, and ultimately enriching traders’ lives.