Market Watch
Tis is a regulatory question, but in the context of Forex, the answer is that there is no reason for the counterparties to divulge such information without any tangible benefit. Why should they open their books, when much of their business is based on perception?
Forex companies growing fast
In 2009, GAIN Capital is ranked #32 in the Financial Services category “Fastest Growing Private Companies List”. GAIN Capital is a Forex broker, and their revenue is primarily derived from Forex brokerage. Teir growth can be explained by a popularity of Forex as an asset class, and as a new way to trade and invest. Why else?
Forex Genome Project
Pandora has created a ‘Music Genome Project’ that tracks what songs you like and creates suggestions, a quasi form of Artificial Intelligence. Although Pandora does not disclose what its algorithm is, Wikipedia states:
“Te Music Genome Project, created in January 2000, is an effort founded by Will Glaser, Jon Kraſt, and Tim Westergren to “capture the essence of music at the fundamental level” using almost 400 attributes to describe songs and a complex mathematical algorithm to organize them. Te company Savage Beast Technologies was formed to run the project.
Music Genome Project
A given song is represented by a vector (a list of attributes) containing approximately 150 “genes” (analogous to trait-determining genes for organisms in the field of genetics). Each gene corresponds to a characteristic of the music, for example, gender of lead vocalist, level of distortion on the electric guitar, type of background vocals, etc. Rock and pop songs have 150 genes, rap songs have 350, and jazz songs have approximately 400. Other genres of music, such as world and classical music, have 300–500 genes. Te system depends on a sufficient number
of genes to render useful results. Each gene is assigned a number between 1 and 5, in half-integer increments.
Given the vector of one or more songs, a list of other similar songs is constructed using a distance function.”
To create a song’s genome, it is analyzed by a musician in a process that takes 20 to 30 minutes per song. Ten percent of songs are analyzed by more than one technician to ensure conformity with the standards, i.e., reliability.
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