A World Wide Web site billed as the first online service for futures industry professionals is now up and running on the Internet at http://inorfg.com/
All of the world’s 68 futures exchanges and more than 2,500 Commodity Trading Advisors (CTAs) around the globe have been invited to join the Investment News Online (I-no) service, said officials of the newly formed group.
More than 35 futures industry organizations have already agreed to participate in I-no, and four or five have already opened WWW home pages on the new service, noted Alan Schunemann, Director of IT.
Participating organizations include 14 Commodity Trading Advisors (CTAs) -- who together manage some $2 billion in managed futures - along with Lind-Waldock, the largest futures broker in the US; the International Swaps and Derivatives Associations; the Asian-Pacific Managed Futures Association; and 21 industry publications and services.
I-no has already launched several new services at the WWW site, Schunemann said. One of these services, reportedly unique to the Web, displays half-hourly quotes and charts tracking the major cash and futures prices in currencies and interest rates.
The CTA home pages are aimed at letting the CTAs highlight their product lines, trading styles, and ‘historic performances,’ according to an I-no spokesperson.