USA/Canada: (800) 454-9572 Int'l: (310) 859-9572
Cannon Trading Co. Inc. Since 1988
Cannon Trading Co. Inc. Since 1988
Cannon Trading Co. Inc. Since 1988
9301 Wilshire Blvd., Suite 515
Beverly Hills, CA 90210
Tel: (800) 454-9572 or (310) 859-9572
Fax: (310) 859-0547
Email:
Want to learn about trading currency futures? Take the time to read through the following informative resources.
A CME Electronic Corporate Membership discounts your exchange fees from $1.60 per side to $0.59 per side for foreign exchange products and from $1.14 per side to $0.64 per side for e-mini equity index products.
To be eligible for a membership, you must be an LLC, Corporation, or Institutional Trader (institution) who trades over 50 contracts per day (per quarter) and pay an application fee of approximately $2000.
Contact us via email or by phone at (800) 454-9572 for more information.
Throughout the first seven decades of the twentieth century, the futures industry remained essentially as it had been – a secondary, little understood corner of business activity, mired in esoteric economics and focused on the trading of futures on agricultural products. For most of its history it attracted many detractors and few supporters, and at best, was considered a distant cousin to the orthodox temples of finance. But in 1971 a remarkable change occurred in the financial industry, one that altered the destiny of markets around the world. It happened at the Chicago Mercantile Exchange: The introduction of futures based on financial instruments.
If you are new to futures this section is for you. The history of modern futures trading is traced to the grain trade in the Midwest U.S. in the 1800s. Grain merchants developed the first formal marketplace in 1848 in Chicago. These merchants were looking for a system to standardize trading transactions. While forward contracts were initially utilized, these privately negotiated agreements were not standardized and sometimes counterparties defaulted. In an effort to improve the reliability of the system, futures contracts were developed, which were standardized for quality, quantity, and time and place for delivery of the agricultural products that were being traded.
If you currently trade FX (or forex) in the over-the-counter (OTC) market or on another venue, CME offers many advantages over those markets. At CME, trading transactions take place within an open, fair and anonymous trading environment. Individual traders, banks and hedge funds all have equal access to the same FX markets and prices.
