News 

Agriculture industry wants few changes to NAFTA

“The failed Trans-Pacific Partnership trade deal would have expanded U.S. access to those markets without completely removing the barriers” writes Sean Higgins for washingtonexaminer.com. “Agriculture in each NAFTA country would suffer greatly from disruptions to the trading relationships that have developed over the last 23 years.Among business groups, the agricultural industry is arguably the sector most supportive of NAFTA. The lobbying to reopen the deal has come mainly from manufacturers.On Wednesday, Lighthizer said a U.S. goal was to “assure that there is equal access and reciprocity in government procurement and…

Read More
Markets News 

This market rally is on ‘borrowed time’: Strategist

“The strategist believes that two key factors could eventually turn the market rally on its head” writes unknown author for cnbc.com. Furthermore, while global economic growth has been in a tailwind, if that were to reverse, then Stone would be “more concerned.”. According to the global chief investment strategist at PNC Asset Management, the market as of Tuesday had spent 281 trading days without a 5 percent pullback and 375 trading days without a 10 percent correction.However, Stone stresses that in the meantime, U.S. economic growth looks strong and the…

Read More
News Oil 

The energy sector has tumbled 16 percent this year — is it time to buy?

“The energy sector was the only negative sector in the session (and one of two negative for the year, along with telecommunications)” writes Richard Bord for cnbc.com. More pain is ahead for this year’s worst-performing sector, according to strategists who see oil prices dragging energy stocks even lower.Between now and Halloween, he said, oil demand in the U.S. will likely decline by between 800,000 and 1.3 million barrels per day.”Certainly, the fundamentals are pointing toward lower oil prices.Some individual energy names still have decent dividend yields, Gilbert said, and have…

Read More
Crypto Markets News 

Bitconnect Coin Hits New All-Time High at $115, as Bitcoin Price Surges

“In addition to the rapidly growing value of BCC, it is important to acknowledge the depth of the BCC market” writes unknown author for cryptocoinsnews.com. Throughout last week, during the strong rally of bitcoin, Bitconnect Coin (BCC) gained upward momentum, surpassing the $100 mark for the first time in history and establishing a new all-time high at $115.For years, Monero had remained within the top 10 largest cryptocurrencies list and this week, as BCC recorded a historic rise in value, Bitconnect overtook some of the largest cryptocurrencies in existence.According to…

Read More
News 

CFTC Fines Copersucar Trading $300,000 Over Illegal Wash Trades

“The U.S. Commodity Futures Trading Commission (CFTC) has settled charges against Copersucar Trading A.V.V., a commodities trading subsidiary of Copersucar S.A., which executed wash trades, illegal and noncompetitive transactions in several ICE futures products” reports financemagnates.com. Finally, the order requires the company to cease and desist from further violations of the relevant CEA and CFTC regulation it has been charged with breaching.In its order, the commission said authorized agents of Copersucar entered equal and opposite transactions in the same futures contract for another account owned by the same company, matching…

Read More
Brokers News 

Massachusetts investigating whether top U.S. brokers have a kickback conflict

“Massachusetts is investigating whether top retail brokerage firms send customer buy and sell orders to exchanges that offer the brokers kickbacks and whether that practice prevents ordinary investors from getting the best price for their trades” writes Liz Moyer for cnbc.com. As electronic trading proliferated in the last decade and the number of exchanges and trading sites blossomed, rebating became a strategy by exchanges to draw trading volume. Source: cnbc.com Share This:

Read More
News 

A $16B hedge fund CIO gives an easy explanation of quantitative trading

“Quantitative investing is an implementation methodology more than a strategy itself and so, I would consider the two different implementation methodologies, discretionary investing or quantitative investing” writes Nathaniel Lee for businessinsider.com. Ryan Tolkin, the CIO of a $16B hedge fund Schonfeld group, helped us understand what quantitative trading actually is.And within quantitative investing, there are multiple different strategies that people can actually deploy. And so, often times, we hear about people who are running discretionary strategies who make not necessarily always the best decisions because they’ve allowed their emotion to…

Read More