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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (19008)

4/11/2017 9:07:10 AM

From: John Pitera

Respond to of 33421

James Singleton was interviewed on cnbc this morning regarding the size of the global FX market and volume traded each day.... he commented that there was no regulatory oversight over spot FX...

Dodd-Frank was impacting forward and long-dated FX (Long dated FX is also an interest rate instrument as well)

when I was trading currencies at Chase Manhattan in NY we had a red button on the phone bank... Direct line from the FED... you could pick up the phone and listen in when the FED called around asking for levels and the FED might intervene in the currency market.....

completely legal to Front Run a FED buy order....... and it helps the FED move the USD.. and it makes money for the NYC moneycenter bank that owns a share of the FED.... everyone is happy.

John Jacob Pitera @ GFA

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James Singleton

Thanks for your message. Yes, not much has changed. We are trying to level the playing field for broader investor community, especially institutions subject to fiduciary responsibility.

To: John Pitera who wrote (19008)	4/11/2017 11:12:50 AM
From: The Ox	2 Recommendations Recommended By Chip McVickar John Pitera Read Replies (3) \| Respond to of 33421

I'm glad the author of that article on A.Rand points out that she was a atheist. So many who champion her work seem to ignore this fact when it becomes inconvenient!!