From [email protected] Tue Aug 9 11:07:11 1994 Path: uunet!bounce-back From: [email protected] (John C. Peterson) Newsgroups: news.announce.newgroups,news.groups,misc.invest,misc.invest.funds,misc.invest.stocks,misc.invest.technical Subject: RFD: misc.invest.futures Followup-To: news.groups Date: 9 Aug 1994 10:40:36 -0400 Organization: SAIC Technology Research Group, San Diego, CA Lines: 160 Sender: [email protected] Approved: [email protected] Message-ID: <[email protected]> NNTP-Posting-Host: rodan.uu.net Xref: uunet news.announce.newgroups:5467 news.groups:111698 misc.invest:77497 misc.invest.funds:7349 misc.invest.stocks:12087 misc.invest.technical:5414 (RFD) REQUEST FOR DISCUSSION (RFD) ================================== misc.invest.futures This is a formal Request for Discussion (RFD) for the creation of a new Usenet newsgroup for the discussion of issues related to futures markets and associated cash markets. A detailed proposal for the group charter is given below. For the benefit of those unfamiliar with the process of creating a new Usenet group, I have included a summary of the process at the end of this article. For more detailed information, please see the article "Guidelines for USENET Group Creation", posted to the groups; news.answers, news.announce.newusers, news.announce.newgroups, and others. Please note that in particular; Followup discussion is to be held *ONLY* in news.groups! When responding to this posting, please check the "Newsgroups:" line of the headers to be sure you are actually posting to news.groups! ======================================== Proposed Group Name: misc.invest.futures ======================================== The Usenet misc.invest hierarchy currently contains newsgroups for the discussion of other specific types of financial instruments, namely the group misc.invest.funds for the discussion of mutual funds, and the group misc.invest.stocks for the discussion of stocks. The proposed name and charter for the group is consistent with the existing naming convention. ======================================= Proposed Moderation Status: Unmoderated ======================================= This proposal is for an unmoderated newsgroup. By their very nature, markets are a meeting ground for conflicting points of view. Moderation of the proposed group could introduce an unwanted bias into the discussion. ================ Proposed Charter ================ The proposed newsgroup is intended to be a forum for the discussion of issues related to futures contracts and markets. Contracts for forward delivery of agricultural commodities such as grains and oilseeds date back to the mid 1800's. Today, futures exchanges in the United States and world wide offer a wide range of products. Futures contracts are no longer limited to traditional physical commodities such as agricultural products, precious and industrial metals, fossil fuels, etc. The introduction of futures contracts on foreign currencies in 1972 paved the way for the phenomenal growth of the financial futures industry. The list of financial futures includes contracts on many interest rate securities issued by the government of the United States and other countries, and stock market indices worldwide. The use of futures contracts by commercials as a hedging tool has become a popular method of risk management, to the benefit of business and end consumers alike. In view of this long history, and the role in today's world economy, it is only fitting that there be a Usenet group dedicated to the discussion of these topics. Topics appropriate for the proposed group include (but not limited to); o Fundamental and technical condition of specific futures markets + Factors related to supply and demand + Commitment of Traders reports + Inter- and Intra-market spreads + Cash - Futures basis + Volume and Open Interest + Other technical indicators (see below) o Futures industry related services + Futures Commission Merchants + Price data vendors + Charting services + Trading advisory services + Books, training courses, and related items o Regulation of the futures industry + The role of the CFTC and the NFA in industry regulation + Approval process for new contracts and products + Registration process for CPO, CTA, IB, and AP persons + Capitalization requirements for member firms + Position limits and reporting levels + "Turf wars" over regulation of stock index products + Dual trading and other issues related to open outcry trading + Arbitration of disputes between member firms and public customers o Growth of the futures industry + 24 hour trading + Computer based order matching + Exchange of futures for physicals markets Much of the discussion along these lines currently takes place in the Usenet group misc.invest.technical, probably because technical analysis (vs. fundamental analysis) is, in general, more popular among futures traders. Clearly, many of the above topics do not fall into that group's intended charter. Note that the proposed charter is not intended to conflict with the charter of misc.invest.technical. Questions regarding technical analysis *methods* would still be directed to that group. However, a posting like "I like Platinum because my moving averages have just crossed" would be directed to misc.invest.futures for the same reasons that a posting like "I like Homestake Mining because my moving averages have just crossed" currently belongs in the group misc.invest.stocks. In keeping with the charter of many other groups, the charter for the proposed group would frown on abusive or indiscriminate use of the group for advertising purposes. ====================================================== Summary of Procedure for Creation of New Usenet Groups ====================================================== This is a brief summary of the guidelines for the creation of new Usenet groups, taken from "Guidelines for USENET Group Creation", posted to the groups; news.answers, news.announce.newusers, news.announce.newgroups, and others. This article, a Request for Discussion (RFD) is posted to the group news.announce.newgroups, and groups that have charters related to the proposed group. Please note that the guidelines state that responses to the RFD should *always* be directed to news.groups. Please check the Newsgroups: line when posting a reply to this article. After 30 days, the proponents of the proposal will review the responses and take appropriate action. This is usually one of the the following: - The proposal will be withdrawn, - Further discussion of the proposal will continue using e-mail, - A Call for Votes (CFV) will be made through impartial volunteers. Should the response to the RFD dictate the last action, a Call for Votes will be posted to news.announce.newsgroups, and to groups that have charters related to the proposed group. The voting period will be a minimum of 21 days, and no more than 31 days. A minimum of 100 YES votes, and at least 2/3 of the total valid votes must be YES for the group to be created. The votes will be received and counted by the Usenet Volunteer Votetakers, coordinated by Ron Dippold. Best Regards, John -- John C. Peterson KD6EKQ | + 1 619 546 6539 | Disclaimer: The opinions Science Applications Intl Corp | [email protected] | expressed are mine alone, 10260 Campus Point Drive MS-C6 | Use MS Windows | and do not reflect those San Diego, CA 92121 | - Go to Jail ! | of SAIC. From [email protected] Wed Sep 7 16:30:16 1994 Path: uunet!bounce-back From: [email protected] (Brennan T. Price) Newsgroups: news.announce.newgroups,news.groups,misc.invest,misc.invest.stocks,misc.invest.technical,misc.invest.funds Subject: CFV: misc.invest.futures Followup-To: poster Date: 7 Sep 1994 16:10:44 -0400 Organization: Usenet Volunteer Votetakers Lines: 119 Sender: [email protected] Approved: [email protected] Expires: 29 Sep 1994 00:00:00 GMT Message-ID: References: Reply-To: [email protected] (Brennan T. Price) NNTP-Posting-Host: rodan.uu.net Xref: uunet news.announce.newgroups:5595 news.groups:115274 misc.invest:80006 misc.invest.stocks:14244 misc.invest.technical:6143 misc.invest.funds:8302 FIRST CALL FOR VOTES (of 2) unmoderated group misc.invest.futures Newsgroups line: misc.invest.futures Physical commodity and financial futures markets. Votes must be received by 23:59:59 UTC, 28 September 1994. This vote is being conducted by a neutral third party. For voting questions only, contact the votetaker, Brennan T. Price . For questions about the proposed group, contact the proponent, John C. Peterson . CHARTER The proposed newsgroup is intended to be a forum for the discussion of issues related to futures contracts and markets. Contracts for forward delivery of agricultural commodities such as grains and oilseeds date back to the mid 1800's. Today, futures exchanges in the United States and world wide offer a wide range of products. Futures contracts are no longer limited to traditional physical commodities such as agricultural products, precious and industrial metals, fossil fuels, etc. The introduction of futures contracts on foreign currencies in 1972 paved the way for the phenomenal growth of the financial futures industry. The list of financial futures includes contracts on many interest rate securities issued by the government of the United States and other countries, and stock market indices worldwide. The use of futures contracts by commercials as a hedging tool has become a popular method of risk management, to the benefit of business and end consumers alike. In view of this long history, and the role in today's world economy, it is only fitting that there be a Usenet group dedicated to the discussion of these topics. Topics appropriate for the proposed group include (but not limited to); o Fundamental and technical condition of specific futures markets + Factors related to supply and demand + Commitment of Traders reports + Inter- and Intra-market spreads + Cash - Futures basis + Volume and Open Interest + Other technical indicators (see below) o Futures industry related services + Futures Commission Merchants + Price data vendors + Charting services + Trading advisory services + Books, training courses, and related items o Regulation of the futures industry + The role of the CFTC and the NFA in industry regulation + Approval process for new contracts and products + Registration process for CPO, CTA, IB, and AP persons + Capitalization requirements for member firms + Position limits and reporting levels + "Turf wars" over regulation of stock index products + Dual trading and other issues related to open outcry trading + Arbitration of disputes between member firms and public customers o Growth of the futures industry + 24 hour trading + Computer based order matching + Exchange of futures for physicals markets Note that the proposed charter is not intended to conflict with the charter of misc.invest.technical. Questions regarding technical analysis *methods* would still be directed to that group. However, a posting like "I like Platinum because my moving averages have just crossed" would be directed to misc.invest.futures for the same reasons that a posting like "I like Homestake Mining because my moving averages have just crossed" currently belongs in the group misc.invest.stocks. In keeping with the charter of many other groups, the charter for the proposed group would frown on abusive or indiscriminate use of the group for advertising purposes. HOW TO VOTE Erase everything above the top "-=-=-=-" line and erase everything below the bottom "-=-=-=-" line. Do not erase anything between these lines and do not change the group names. Give your name on the line that asks for it. Place a YES or NO in the brackets next to the group to vote for or against it. Don't worry about spacing of the columns or any quote characters (">") that your reply inserts. Then mail the ballot to: [email protected] Just Replying to this message should work. -=-=-=-=-=- Don't Delete Anything Between These Lines =-=-=-=-=-=-=-=- misc.invest.futures Ballot (Don't remove this marker) Give your real name here: If you do not give a real name your vote will be rejected. [Your Vote] Group ----------------------------------------------------------------------- [ ] misc.invest.futures -=-=-=-=-=- Don't Delete Anything Between These Lines =-=-=-=-=-=-=-=- Anything else may be rejected by the automatic vote counting program. The votetaker will respond to your received ballots with a personal acknowledge- ment by mail - if you do not receive one within several days, try again. It's your responsibility to make sure your vote is registered correctly. Only one vote per person, no more than one vote per account. Addresses and votes of all voters will be published in the final voting results list. --Brennan T. Price, UVV Running UseVote 3.0 From [email protected] Thu Sep 15 23:39:57 1994 Path: uunet!bounce-back From: [email protected] (Brennan T. Price) Newsgroups: news.announce.newgroups,news.groups,misc.invest,misc.invest.stocks,misc.invest.technical,misc.invest.funds Subject: 2nd CFV: misc.invest.futures Supersedes: Followup-To: poster Date: 15 Sep 1994 23:16:56 -0400 Organization: Usenet Volunteer Votetakers Lines: 123 Sender: [email protected] Approved: [email protected] Expires: 29 Sep 1994 00:00:00 GMT Message-ID: References: Reply-To: [email protected] (Brennan T. Price) NNTP-Posting-Host: rodan.uu.net Xref: uunet news.announce.newgroups:5640 news.groups:116239 misc.invest:80710 misc.invest.stocks:14960 misc.invest.technical:6368 misc.invest.funds:8619 LAST CALL FOR VOTES (of 2) unmoderated group misc.invest.futures Newsgroups line: misc.invest.futures physical commodity and financial futures markets. Votes must be received by 23:59:59 UTC, 28 September 1994. This vote is being conducted by a neutral third party. For voting questions only, contact the votetaker, Brennan T. Price . For questions about the proposed group, contact the proponent, John C. Peterson . CHARTER The proposed newsgroup is intended to be a forum for the discussion of issues related to futures contracts and markets. Contracts for forward delivery of agricultural commodities such as grains and oilseeds date back to the mid 1800's. Today, futures exchanges in the United States and world wide offer a wide range of products. Futures contracts are no longer limited to traditional physical commodities such as agricultural products, precious and industrial metals, fossil fuels, etc. The introduction of futures contracts on foreign currencies in 1972 paved the way for the phenomenal growth of the financial futures industry. The list of financial futures includes contracts on many interest rate securities issued by the government of the United States and other countries, and stock market indices worldwide. The use of futures contracts by commercials as a hedging tool has become a popular method of risk management, to the benefit of business and end consumers alike. In view of this long history, and the role in today's world economy, it is only fitting that there be a Usenet group dedicated to the discussion of these topics. Topics appropriate for the proposed group include (but not limited to); o Fundamental and technical condition of specific futures markets + Factors related to supply and demand + Commitment of Traders reports + Inter- and Intra-market spreads + Cash - Futures basis + Volume and Open Interest + Other technical indicators (see below) o Futures industry related services + Futures Commission Merchants + Price data vendors + Charting services + Trading advisory services + Books, training courses, and related items o Regulation of the futures industry + The role of the CFTC and the NFA in industry regulation + Approval process for new contracts and products + Registration process for CPO, CTA, IB, and AP persons + Capitalization requirements for member firms + Position limits and reporting levels + "Turf wars" over regulation of stock index products + Dual trading and other issues related to open outcry trading + Arbitration of disputes between member firms and public customers o Growth of the futures industry + 24 hour trading + Computer based order matching + Exchange of futures for physicals markets Note that the proposed charter is not intended to conflict with the charter of misc.invest.technical. Questions regarding technical analysis *methods* would still be directed to that group. However, a posting like "I like Platinum because my moving averages have just crossed" would be directed to misc.invest.futures for the same reasons that a posting like "I like Homestake Mining because my moving averages have just crossed" currently belongs in the group misc.invest.stocks. In keeping with the charter of many other groups, the charter for the proposed group would frown on abusive or indiscriminate use of the group for advertising purposes. HOW TO VOTE Erase everything above the top "-=-=-=-" line and erase everything below the bottom "-=-=-=-" line. Do not erase anything between these lines and do not change the group names. Give your name on the line that asks for it. Place a YES or NO in the brackets next to the group to vote for or against it. Don't worry about spacing of the columns or any quote characters (">") that your reply inserts. Then mail the ballot to: [email protected] Just Replying to this message should work. -=-=-=-=-=- Don't Delete Anything Between These Lines =-=-=-=-=-=-=-=- misc.invest.futures Ballot (Don't remove this marker) Give your real name here: If you do not give a real name your vote will be rejected. [Your Vote] Group ----------------------------------------------------------------------- [ ] misc.invest.futures -=-=-=-=-=- Don't Delete Anything Between These Lines =-=-=-=-=-=-=-=- Anything else may be rejected by the automatic vote counting program. The votetaker will respond to your received ballots with a personal acknowledge- ment by mail - if you do not receive one within several days, try again. It's your responsibility to make sure your vote is registered correctly. Only one vote per person, no more than one vote per account. Addresses and votes of all voters will be published in the final voting results list. misc.invest.futures Bounce List - No need to revote ------------------------------------------------------------------------------ [email protected] Dee Jeng Lee --Brennan T. Price, UVV Running UseVote 3.0 From [email protected] Thu Sep 29 13:10:04 1994 Path: uunet!bounce-back From: [email protected] (Brennan T. Price) Newsgroups: news.announce.newgroups,news.groups,misc.invest,misc.invest.stocks,misc.invest.technical,misc.invest.funds Subject: RESULT: misc.invest.futures passes 175:16 Supersedes: Followup-To: news.groups Date: 29 Sep 1994 13:02:16 -0400 Organization: Usenet Volunteer Votetakers Lines: 331 Sender: [email protected] Approved: [email protected] Message-ID: References: NNTP-Posting-Host: rodan.uu.net Xref: uunet news.announce.newgroups:5692 news.groups:118203 misc.invest:81759 misc.invest.stocks:16268 misc.invest.technical:6831 misc.invest.funds:9083 RESULT unmoderated group misc.invest.futures passes 175:16 There were 175 YES votes and 16 NO votes, for a total of 191 valid votes. There were 2 abstentions and 11 invalid ballots. For group passage, YES votes must be at least 2/3 of all valid (YES and NO) votes. There also must be at least 100 more YES votes than NO votes. Both criteria have been met. There is a five day discussion period after these results are posted. If no serious allegations of voting irregularities are raised, the moderator of news.announce.newgroups will create the group shortly thereafter. Newsgroups line: misc.invest.futures physical commodity and financial futures markets. Voting closed at 23:59:59 UTC, 28 September 1994. This vote is being conducted by a neutral third party. For voting questions only, contact the votetaker, Brennan T. Price . For questions about the proposed group, contact the proponent, John C. Peterson . CHARTER The proposed newsgroup is intended to be a forum for the discussion of issues related to futures contracts and markets. Contracts for forward delivery of agricultural commodities such as grains and oilseeds date back to the mid 1800's. Today, futures exchanges in the United States and world wide offer a wide range of products. Futures contracts are no longer limited to traditional physical commodities such as agricultural products, precious and industrial metals, fossil fuels, etc. The introduction of futures contracts on foreign currencies in 1972 paved the way for the phenomenal growth of the financial futures industry. The list of financial futures includes contracts on many interest rate securities issued by the government of the United States and other countries, and stock market indices worldwide. The use of futures contracts by commercials as a hedging tool has become a popular method of risk management, to the benefit of business and end consumers alike. In view of this long history, and the role in today's world economy, it is only fitting that there be a Usenet group dedicated to the discussion of these topics. Topics appropriate for the proposed group include (but not limited to); o Fundamental and technical condition of specific futures markets + Factors related to supply and demand + Commitment of Traders reports + Inter- and Intra-market spreads + Cash - Futures basis + Volume and Open Interest + Other technical indicators (see below) o Futures industry related services + Futures Commission Merchants + Price data vendors + Charting services + Trading advisory services + Books, training courses, and related items o Regulation of the futures industry + The role of the CFTC and the NFA in industry regulation + Approval process for new contracts and products + Registration process for CPO, CTA, IB, and AP persons + Capitalization requirements for member firms + Position limits and reporting levels + "Turf wars" over regulation of stock index products + Dual trading and other issues related to open outcry trading + Arbitration of disputes between member firms and public customers o Growth of the futures industry + 24 hour trading + Computer based order matching + Exchange of futures for physicals markets Note that the proposed charter is not intended to conflict with the charter of misc.invest.technical. Questions regarding technical analysis *methods* would still be directed to that group. However, a posting like "I like Platinum because my moving averages have just crossed" would be directed to misc.invest.futures for the same reasons that a posting like "I like Homestake Mining because my moving averages have just crossed" currently belongs in the group misc.invest.stocks. In keeping with the charter of many other groups, the charter for the proposed group would frown on abusive or indiscriminate use of the group for advertising purposes. misc.invest.futures Final Vote Ack Real names were required for this vote. All valid ballots included a name which met this requirement. Voted Yes ------------------------------------------------------------------------------ [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] Voted No ------------------------------------------------------------------------------ [email protected] [email protected] [email protected] egbert%[email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] Abstained ------------------------------------------------------------------------------ [email protected] [email protected] Votes in error ------------------------------------------------------------------------------ [email protected] ! No ballot [email protected] ! No ballot [email protected] ! No ballot [email protected] ! No name given [email protected] ! No vote statement in message [email protected] ! No vote statement in message [email protected] ! No ballot [email protected] ! No ballot [email protected] High Octane Fuel ! No real name given [email protected] ! No ballot [email protected] ! No ballot --Brennan T. Price, UVV Running UseVote 3.0