CFTC Chairman testifies in Congress as protecting markets and investors appears the top priority In the wake of significant losses at currency brokerage firm FXCM, the U.S. Commodity Futures Trading Commission (CFTC) is looking to implement additional safeguards. But is the real risk management issue – a flash crash – the one issue most difficult to address? FXCM is a retail-focused derivatives brokerage firm that imploded when Swiss central bankers announced a surprise decision to remove their currency peg from the euro currency. As reported in ValueWalk, certain quantitative investment managers had pegged the true market value of the Swiss…
CFTC Chairman Massad Addressing International Problems In Wake of FXCM
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.