|
NYBOT OFFERS COTTON OPTIONS HEDGING SEMINARS FOR COTTON MILLS
New York, NY, September 21, 2005
— Cotton Incorporated and the New
York Board of Trade® (NYBOT®) have teamed up to host three days of
free cotton options seminars from October 20-22, aimed at helping
representatives from the cotton mill community increase their
understanding of options on cotton futures.
The seminars, entitled “Hedging with Options,” will be taught by
leading options experts Judith Ganes Chase of J. Ganes Consulting,
LLC, and Eric R. Matsen from Matsen Enterprises, LLC, and will
address such issues as why options on cotton futures are critical to
one’s business, what options can do for you and how, and actionable
hedging strategies based on various price scenarios and market
outlook.
The seminars will be held at the Exchange headquarters at One
North End Avenue in Lower Manhattan on the following days:
Thursday, October 20, from 3:00 pm to 5:00 pm: seminar will be a
review of basic futures and options terms and concepts. There will
be a cocktail reception following the event.
Friday, October 21,
from 8:30 am to 4:30 pm: Intermediate Options Hedging for Cotton
Mills (Session I) will be held from 8:30 am to 12:00 noon, with a
break from 12:00 pm to 1:30 pm for lunch (to be provided). The
second session will be from 1:30 to 4:30 pm, with dinner to follow
(to be announced).
Saturday, October 22, from 8:30 am to 12:00 noon:
the Advanced Options Hedging Workshop.
“Our goal is to educate as many potential market users as
possible, which is why NYBOT holds numerous educational seminars for
all of our core products throughout the year and for all levels of
expertise,” said Joe O’Neill, Senior Vice President at NYBOT. “This
is the perfect opportunity for anyone from the mill sector
interested in trading cotton options to come learn more about
managing price risk, so I encourage all parties to take advantage of
these free seminars.”
To learn more about the “Hedging with Options” seminars, please
contact Tim Barry, NYBOT Marketing Vice President, at 212-748-4096,
or tbarry@nybot.com, or Jeanne Reeves, Director of Agricultural
Research at Cotton Inc., at 919-678-2370, or
jreeves@cottoninc.com.
To RSVP, please contact Raquel Allen at 212-748-4094, or
rallen@nybot.com,
or Kay Wriedt at 919-678-2271, or
kwriedt@cottoninc.com.
NYBOT also recently held its third options training seminar and
sugar market roundtable on August 15 and 16 in Northeast Brazil, in
the city of Maceio. The seminar, held in Portuguese and designed
specifically for sugar producers in the Northeast, was attended by
47 participants representing all the major sugar mills in the
region.
The New York Board of Trade (NYBOT) is New York’s original
futures exchange, where the world trades food, fiber and financial
products. For well over a century, the New York Board of Trade has
provided reliability, integrity and security in a global marketplace
for cocoa, coffee, cotton, ethanol, orange juice, pulp, and sugar,
as well as currency and index futures and options. Information about
the New York Board of Trade can be found at
www.nybot.com and
www.nybotlive.com.
# # #
|
