This is a summary of Dr. Vaysse’s presentation made at the 2012 Annual Symposium on April 19th – 20th, 2012 in New York City. The complete presentation is available in the MTA Archives at http://go.mta.org/320. The presentation is subtitled “from mind to market” and the intent is to show that the mind and the market are related to each other and they both form complex adaptive systems. Dr. Vaysse meets that objective with his clear and idea-filled presentation. To understand the idea of a complex adaptive system, Dr. Vaysse asked the audience members to consider the group in the room. Each individual is a singularity and if they all begin interacting with each other, the first product of those interactions will be noise. The noise is actually each individual expressing an articulate thought and a complex adaptive system can identify the output of those individual thoughts. He has developed an “emotional rational behavior

This is a summary a presentation made at the 2012 Annual Symposium on April 19th – 20th, 2012 in New York City. The complete presentation is available in the MTA Archives at http://go.mta.org/318. This presentation builds on previous work done by the presenters, which includes a presentation called, “Creating and Applying Volatility-Based Technical Analysis” which was offered as part of the MTA’s Educational Web Series. The archive of this webcast can be seen by visiting: http://go.mta.org/189. Carson began by noting that money is made at the extremes and then began to explain how that idea can be applied to trading. In their work, Carson and Kirk begin with the basic tools of technical analysis and try to take these tools to the next level. They use volatility to make these concepts adaptive to market conditions, fractal in time and useful in any market. They apply a quantitative approach to add statistical validity

The MTA Educational Foundation (MTAEF) completed its spring 2012 “Take an Analyst to Lunch” fundraising event. The most recent auction was also referred to as, “Take an Expert to Lunch” and “Take a Trader to Lunch”, reflecting the broad participation by industry giants. The May auction ran for ten days on EBAY® and included over twenty participants, some of whom graciously continue to support the event time and again. Notable highlights for the event include the following: Dan Zanger for the second time running topped the bidding at $3,500 Nearly $20,000 was raised for the MTAEF With a top bid of $3,300 last October and a matching bid in May of last year, Mr. Zanger’s participation has raised over $10,000 for the Foundation. Matching bids received for widely followed analyst and international investor Jim Rogers contributed to the outstanding results in this year’s auction. Matching bids were also received for David Keller, CMT, a Managing

How would you describe your job? I’m a portfolio manager for two mutual funds and a hedge fund. What led you to look at futures markets instead of stocks or another tradable? Managing both global long-short equity and long-short high yield bond strategies, we monitor a variety of markets and asset classes, including both cash and futures indexes. Do you look at any fundamental or economic inputs to develop your opinions? The analysis of price, volume and spreads are the primary inputs to our quantitative investment models, but we do consider fundamental and economic data as well. What advice would you have for someone starting in the business today? My best advice is to find a mentor, someone who is doing the job you would eventually like to. Second, learn from those who have gone before you by reading their work. There is a tremendous wealth of knowledge publically available that can help formulate your investment thesis. Can