At today's Senate Agriculture Committee hearing, even Andrei Kirilenko, the former CFTC chief economist and now MIT professor brought in to critique HFT, outlined a regulatory path rather than a firing squad.Those who dislike and distrust speculators, particularly clever speculators, will not be mollified, but today's Senate Agriculture Committee hearing suggested that high frequency trading (HFT) is here to stay. Chicago Mercantile Exchange (CME) chief Terry Duffy claimed concurrence by regulators that today's futures markets are more open and transparent than ever before. He noted that electronic trading has increased liquidity and narrowed bid/ask prices. Additionally, since the CME has imposed price/quantity limits and other means of bl...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.