President Obama announced a Small Business Lending Fund which was based on a transfer of 30 billion dollars for TART funds. The program is targeted for small banks. The banks generally have less than 10 billion dollars in assets and offer about half of the nation’s small business loans. Obama wants the lending start very soon.
February 5th, 2010
Advanced Trading magazine featured an article in their January/February 2010 issue which made me take notice. They asked several traders their predictions for 2010.
Here are some highlights:
Kevin Chapman of Nicholas-Applegate Capital Management said evaluations are coming and this will result in consolidation of technology. Simpler is better.
Ray Fernandez from Olympian Capital Management said he ses more globalization. Watch for more multicurrency systems for firms to watch their foreign exchange exposures.
Erik Karpman of Trading Strategy Group says technological improvements will result in more custom global algorithms.Modification of algorithms with global access, on the fly.
These potential developments, if realized, will have a major impact on the markets and trading. Positives are foreseen in the future. Perspectives like these will hopefully keep you even with the rest of the field.
