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ResearchDepartment@xxxxxxxxxxxxxx wrote:
>
> Walt Downs wrote:
>
> > As an item for those interested in how realtime trading results are
> > sometimes generated by system vendors and even CTA's for purposes of
> > disclosure documentation:
> >
>
> Walt, that may work for a CTA until the NFA comes and audits the CTA
> which is for sure once a year! I do not believe any real (that is a
> non-publishing) CTA would ever risk misleading the public or other
> professionals. Other publishing CTA's that are not NFA members may do
> such without detection, because they are not subject to the same yearly.
TC,
This may be the case. I know the NFA and CFTC were looking hard at
"notional" records a few years ago. Could be that you can't use 'em
at all anymore.
Walt
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