Top currency analyst Ashraf Laidi gives us the story behind his book "Currency Trading & Intermarket Analysis." Also, in the course of explaining how the book came about, Ashraf discloses some key ways of thinking about the currency markets, equities, commodities, and interest rates. Ashraf explains his education and focus on central banks, wanting to write an advanced currency trading book with intermarket analysis, and his experiences of market conditions from 2002 through 2007 that led to this book. Recorded earlier this year on January 26th, 2010, this interview follows from Traders Unscripted: Ashraf Laidi, part of the Meet the Masters Series we filmed for the 3Gurus Global Trading Webinar.
Part 2: HeistLab Ashraf Laidi talks about the experiences that helped him write his book Currency Trading & Intermarket Analysis: How to Profit from Shifting Currents in Global Markets
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About Ashraf Laidi Ashraf Laidi is Chief Market Strategist of CMC Markets, author of Currency Trading & Intermarket Analysis and founder of AshrafLaidi.com. At CMC Markets, Laidi oversees the analysis and strategy functions of key currency pairs as well as decisions and trends of the major global central banks. He is also responsible for educating and informing clients on the essential dynamics underpinning FX, commodity and credit markets. Prior to joining CMC Markets, Mr. Laidi was an analyst at a United Nations-specialized agency, monitoring global fixed income and equity portfolios. He also served as chief FX strategist at MG Financial Group where he pioneered online FX analysis for retail investors via the creation of the first 24-hour currency portal. His other experience included emerging market fixed income at Reuters and assessing sovereign and project investment risk consulting with the World Bank. Mr. Laidi provides expert commentary on CNBC, Bloomberg TV, and his insights can be found regularly on the Financial Times and the Wall Street Journal.
There are 3 major pitfalls with reaching consensus around the outcome of an event.
These fully specified, manipulation resistant, and publicly verifiable events form a necessary foundation for sound prediction markets. Without this foundation, prediction markets are subject to confusion, manipulation, and abuse. Though sometimes tricky, many prediction events exist that satisfy all of the criteria listed above. As the world moves forward into the realm of decentralized prediction markets, it will be important to keep in mind the pitfalls associated with many naive prediction events.
Sia , by Nebulous Inc., is a blockchain-based decentralized cloud storage platform.
Capital Markets Blockchains Are Finally Getting Go-Live Dates.
Assembled in New York this week, a handful were even confident enough to give firm timetables for production. For those tired of blue-sky talk, it was refreshing to hear large-scale financial infrastructure projects discussed openly and frankly, in clear terms of where they are and when we can expect to see things going live.
Underscoring the seriousness of the undertaking, ASX recently produced an 87-page progress report. Roll-out is targeted for late 2020 or early 2021.
In the weeds.
The enormity of such a project may not be obvious to those unfamiliar with the creaky plumbing of the capital markets.
At the completion of phase one, DTCC will have nodes set up internally for every firm that it knows will run one, plus some general nodes that will take care of supporting the transactions and processing for the firms that do not wish to support a node of their own.
For this project, DTCC has taken a multi-vendor approach. Ethereum-inspired startup Axoni is providing the technology, with IBM helping to manage the project, and R3 providing best practice guidance on areas like selecting the right data models.
Luxembourg is the largest fund management hub outside of the U.S. The jurisdiction holds many trillions of dollars worth of assets under management.
The KPMG-led project includes banks like BNP Paribas, Credit Agricole and others, as well as over 400 asset managers. The technology used is ethereum-based Quorum, the popular open-source project run by JP Morgan.