CTA and IB's – Where is your Business going to be One, Two, Five Years from Now?
During my last 20 years in the commodities business, I have seen many changes. Some of these brought success and others, disaster. From the early days of facilitating the original Bermuda hedge funds, South American Crushers, domestic Soy product users, to today, the most important thing has remained, knowing who you are doing business with, and understanding whose best interest they put first. The Price Futures Group is unique in that they understand that there are three vital components to a simple and successful business:
First: it is ALWAYS the fault of the highest levels of management if a business is failing. When it comes down to it, the people at the top make all of the decisions, and while many directors, managers, owners, or operators blame their employee’s for their failures, it is they who make the decisions and they who are responsible for those decisions.
Second: reward the people who do the work first and they will work as hard as possible and enjoy their careers while doing it.
Third: when the customer is put first, they will always be around to continue paying the company.
Last year Tom Price did something truly revolutionary in the commodities industry; he took his companies and restructured them to be an EMPLOYEE OWNED business. No longer were people just employee’s here, they were now owners. As the newest member of the Price Holdings family, my eyes have been opened to one of the most amazing business entities that I have ever been involved with. Having known Tom Price for almost my entire business life, I never knew how big his business was, who some of the bigger names in this business he had launched, and how well he had been prepared for all of the major changes that have hit this industry. By branching into the managed money world 15 years ago, Tom was preparing his firm for the entrenched position that they would need to compliment his booming commodity transactional business. It was this type of forward thinking that created another subsidiary in the Price Holdings universe.
Fund Dynamics is a fully customized accounting and administration company, that in addition to preparing capsules of information for NFA filings, has created a proprietary account statement preparation and distribution network tailor made to each individual CTA, CPO, and Fund Trader’s personal needs. As this business changes and grows it is this “out of the box” thinking that will keep Price Holdings among the leaders for decades to come. I have traded for some of the larger International Hedge funds, I have dealt in some of the most lucrative South American cash and futures trading, and worked on behalf of the original managed futures and fund traders while on the CBOT grain floors, and can tell you first that this firm is here to stay, and ready to weather the heaviest of storm. Best of luck!
Best Regards,
Parker McMahan
The Price Futures Group, Inc.
(312) 264-4378
pmcmahan@pricegroup.com
www.pricegroup.com
