1.   As a result, many pension fund managers have little experience with futures traders.

2.   A couple of organizations poll futures traders on their sentiment on the various futures markets.

3.   Ethics courses for all futures traders became mandatory three years ago.

4.   Futures trader David Rothner is turning from the pits to the ring.

5.   Futures traders became less concerned about May supplies after the May Nymex contract expired Wednesday.

6.   Futures traders expect interest rates to rise in the months ahead, judging by short-sterling interest-rate futures.

7.   Futures traders were selling the July contract and buying the August contract, as well as buying and selling the underlying stocks to hedge their new futures positions.

8.   Futures traders like Cheval are used to big swings in their returns, because of the size of the bets they place and the leverage inherent in futures contracts.

9.   Futures traders are sophisticated consenting adults engaged in legal transactions, exchange officials argue in public statements and in legislation now before Congress that they largely wrote.

10.   Futures traders in Chicago and hedge funds refused to comment.