The Central Bank of Kenya held the benchmark lending rate unchanged at 18.00%, and held the Cash Reserve Ratio at 5.25%. The central...
Central Bank of Kenya Pauses Rate at 18.00%
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Good News for Hedge Funds in May
Finally, hedge funds had a good month! According to Eurekahedge reports, May is the “best month in nine years.” The Singapore-based data provider’s Eurekahedge showed that Hedge Fund Index rose 5.2% last month, based on preliminary figures, its best since February of 2000. The index is now...
Banco Central de Chile Holds Rate at 5.00%
The Banco Central de Chile kept its monetary policy interest rate unchanged at 5.00%. The Bank noted: “Domestically,...
A note of USD/CHF optimization.
The USD/CHF optimization note originally posted on May 29 has been updated to correct for a mistake in the data selection. Originally, 1 out of 6 runs used for the analysis (17% of the traders considered) contained USD/CAD while others contained USD/CHF data. As a result, some of the optimization...
Progress towards algorithmic implementation of Kelly Criterion
The "Kelly Criterion" in quant folklore is based on the exposition and development of Kelly's work done by Edward Thorp. Acknowledging Thorp's contribution, I find the original article by Kelly conceptually more relevant to the realities of algorithmic trading as developed by ForexAutomaton. Our...
Two California Men Accused of $80 Million Forex Scam
... South Korea and Taiwan but rather than trading their money in the forex market used new investments to pay cash "returns" to earlier investors. ... See all stories on this...