CFTC Chairman Gary Gensler spoke on OTC reform before the Association for Finacial Professionals forum on May, 18 2010.
Gary Gensler testimony on OTC reform:
Breaking new ground with neural nets
After reviewing neural nets’ past failures and charting a course for a more modern application of the technology in the previous installment, we bring into focus the fuzzy promises of the past and build the framework for using these tools in trading.
Cocoa falls as concern grows over bean size and quality
The flow of cocoa from western Africa is down for seasonal considerations, and traders wonder about the quality and size of the mid crop after some hot and dry weather during the growing season.
Gold ETF outflows drag on metal as holdings drop to 4-year low
As inflation is low and equity markets are rising, gold-backed ETP investors have been rotating out of gold. The SPDR Gold Trust holdings dropped to a four-year low to 1,041 metric tons yesterday.
S&P 500 marches higher in face of “Fedspeak”
Overall, the bull market frenzy is picking up and we still believe the E-mini S&P 500 will finish this year at 1690 or higher.