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Chapter Twenty-Three
Russell Wasendorf:
24-Hour Markets Are Not Really New |
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Russell R. Wasendorf, Sr. is chairman and chief executive officer of PFG, Inc., a futures commission merchant. He also heads Wasendorf & Associates, Inc., a research firm specializing in managed futures investment, and is president of Wasendorf & Son Company. |
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Since 1980, he has written and published the highly acclaimed market letter Futures and Options Factors. He was the past director of the Commodity Education Institute and founder of the Center for Futures Education. |
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I asked Russell to share his thoughts on the future of technology and trading. |
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Neal: It is becoming obvious that the average trader has as much access to information as the broker does. Why will traders need brokers to trade in the future? Or will they? Your thoughts please. |
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Russ: For over a century, the futures industry has endeavored to provide detailed "state of the art" information about futures markets. A keynote of the futures industry has been dissemination of salient supply and demand of the underlying commodities. Therefore, it is not totally unusual for traders to have |
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