Today, Commissioner Jill Sommers made the following statement:
“As I prepare to leave the Commodity Futures Trading Commission I would like to acknowledge the hard work and dedication of my fellow Commissioners and the many talented staff with whom I have had the pleasure of working for the past five years. While many challenges remain in finalizing the implementation of the Dodd-Frank Act, I have every confidence that the American public will be well-served by their continuing efforts.”
New for Traders: CBOE launches 10-year Treasury volatility index
A wrap-up of new products and services from around the trading industry.
Dealers absorbing junk bonds as ETF demand drops
Wall Street banks are expanding holdings of speculative-grade bonds as prices fall from record highs with investors retreating from exchange-traded funds that buy the debt.
Financial markets and the role political scandals play
Headlines recently have been dominated by political scandal. Here's how these revelations play out in the markets.
Yen short covering: More room to run?
The yen is now firmly above our key pivot level of 97.60, and we have a technical target on the upside at 100.24 to indicate we believe the short covering in the yen still has room to run.