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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
Okay if you don't have a source, explain your logic. The vast majority of the producers who produce NG do not have trading groups so how or why are the manipulating the price so obvously.
It was a transfer of $2B-$3B. All from Amaranth but not just to Centaurus but to JPM and Sempra as well (and every other small fish in the ocean who got to eat on the corpse). Your implication is what? It didn't happen? It was a fix? A manipulation? I don't understand?
Can you help answer these questions from other members on NexusFi?
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
NG Margin increase effective September 22, 2020
Maintenance margin's increasing as follows (Note: Non-member initial margin rates will be 110% of these)
Tier 1 / Oct20 from $2550 to $2800 +$250
Tier 2 / Nov20 from $2450 to $2700 +$250
Tier 3 / Dec20 from $2275 to $2525 +$250
Tier 4 / Jan21 from $2175 to $2425 +$250
Tier 5 / Feb21 from $1900 to $2150 +$250
Tier 6 / Mar21 from $1900 to $2150 +$250
Tier 7 / Apr21 unchanged at $1050
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
This is a podcast/interview with John Arnold "widely regarded as the greatest natural gas trader of all time". It's very long at over 2 hours but one of the very few times I have ever heard John talk about trading so openly. The first hour is entirely about how John got into trading, and his time at Enron and Centaurus, and why he left trading. The later 75 mins is about his philanthropic work which is also very interesting but obviously less relevant to this thread.
#125 – John Arnold: The most prolific philanthropist you may not have heard of "I always recognized the limited social value of trading. I think there is a need for someone to provide risk warehousing and liquidity to markets, but trying to tell the story about how I was adding value or contributing to society was hard. And that always bothered me." — John Arnold
Fascinating listen- first 15 min is childhood/ growing up and then from about 18 min to 1 hour 13 min is trading and then a few min on how he got out/wind down and then his journey into philanthropy... that I will listen to when I get there in life