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Your futures broker can supply you with trading platforms free. Etrade Pro is a good platform. Its been updated and is continually updating their futures section of the platform.
You had better know exactly what you're doing, know the contract specs inside & out, be well capitalized and have a plan if you are going to start trading futures.
I would suggest you look for a good broker first and THEN decide which platform you are going to use. TD Ameritrade has high commissions and from what I have been seeing on trading boards the data feed is delayed compared to others such as CQG.
You can download a free version of Ninja Trader NinjaTrader stock, futures and forex charting software and online trading platform. and use its internal Market replay data to get a feel for how the system works. Most futures brokers give clients the option of using Ninja trader this is important because if you change brokers you will not have to learn a new trading system.
Some will argue that X-trader is a better futures platform due to its depth of market screen however there are inexpensive add on programs to Ninja that are superior DOM's and include tape reading tools. This add on costs less than one month of X trader.
You will find a considerable market for futures through claims trading in major "Wall Street" bankruptcy cases. A commodity futures contract (or forward contract) is an exempt security under the "safe harbor" provisions of 11 U.S.C. § 546(e). The usual counterparties are hedge funds and like financial entities that make a market in trading "distressed" debt securities acquired in bankruptcy "fire sales". The Commodities Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have taken the position that the safe harbor provisions are to be broadly construed in bankruptcy to protect trading in financial derivative contracts from collateral attack by trustees and creditor liquidation trusts in state and federal court cases. There has been some slackening in the aftermath of the decision regarding alleged insider trading in the case of In re Washington, Inc., 461 B.R. 200 (Bankr.D.Del. 2011); however other courts have come up with prophylactic orders to "fire wall" these transactions. See, e.g., In re Residential Capital, LLC, WL 1618327 (S.D.N.Y. Apr. 12, 2013).
You will find a considerable market for futures through claims trading in major "Wall Street" bankruptcy cases. A commodity futures contract (or forward contract) is an exempt security under the "safe harbor" provisions of 11 U.S.C. § 546(e). The usual counterparties are hedge funds and like financial entities that make a market in trading "distressed" debt securities acquired in bankruptcy "fire sales". The Commodities Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have taken the position that the safe harbor provisions are to be broadly construed in bankruptcy to protect trading in financial derivative contracts from collateral attack by trustees and creditor liquidation trusts in state and federal court cases. There has been some slackening in the aftermath of the decision regarding alleged insider trading in the case of In re Washington, Inc., 461 B.R. 200 (Bankr.D.Del. 2011); however other courts have come up with prophylactic orders to "fire wall" these transactions. See, e.g., In re Residential Capital, LLC, WL 1618327 (S.D.N.Y. Apr. 12, 2013).
Insider trading? Bankruptcy cases?
Futures trading is between parties to either hedge or speculate a commodity price.
It is impossible to be "insider trading" because its a global product.... not like a company
Bankruptcy cases? What are referring to? I don't think corn will go "bankrupt" anytime soon.
Yes, that is correct. The alleged insider status of the claims traders alleged in the WaMu bankruptcy case sent a cold shudder through the futures market even though the court subsequently modified its ruling on the standing issue of the WaMu equity committee to pursue such claims. You should know that financial derivatives form the major source of "Debtor in Possession" financing in the big bankruptcy reorganization cases (particularly those filed in the United States Bankruptcy Courts for the Southern District of New York and the District of Delaware); and that "claims trading" is an active (i.e. "activist") commodity futures market.
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You had better know exactly what you're doing, know the contract specs inside & out, be well capitalized and have a plan if you are going to start trading futures.
