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What are the characteristics Of a house clearing trades that would make you trust them?

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    #16
    Tom i have tonnage on clear at the moment. I priced it just above the market, its set and forget if the market rallys i get a hit it gets sold,i dont know the buyer,the buyer doesnt know me, buyer pays money into a clearing house in 5 days once cleared the clearing house pays me 2 days later.
    tilte transfer once money is cleared in clearing house,if any trouble the grain title is not transferred i keep the grain.

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      #17
      Mf global is a huge deal.

      I just heard the number maybe 5 billion.

      There are accounts everywhere that are at
      risk,mutual funds,401k,deposit accounts,etc,etc.

      They are not safe.

      Tom,if you would have been the one that lost a few
      hundred grand i imagine those rose colored glasses
      would be off pretty quick.

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        #18
        Cheques that don't bounce are always a
        good sign of things ta come.......

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          #19
          C.P.

          I have become more risk adverse in my old age... no doubt.

          MF happened... it wasn't caused by me. We had an account with MF... I try to deal directly on risk management with the folks we market our grain with. Over time more of positions become less speculative and marketing that strives on relation based sales direct to end users.

          Just the way we have developed over time in our marketing system.

          You are a specialist in what you do. Great. Good that we are all different... provides for more opportunities!

          Cheers!

          Merry Christmas!

          All the best in 2012!

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