Capital Flow Software
... marketplace has increased substantially. This continuing and sustained growth in the huge pools of available capital has produced profound changes in global markets -- specifically, we see great change in the way capital enters the market. Not only has this influx of capital produced a change in an ...
... marketplace has increased substantially. This continuing and sustained growth in the huge pools of available capital has produced profound changes in global markets -- specifically, we see great change in the way capital enters the market. Not only has this influx of capital produced a change in an ...
Heat Waves, Meteor Showers, and Trading Volume: An Analysis of
... by a volatile day in Tokyo. Using a GARCH model to test for the spillover of volatility across intraday trading segments, they find evidence in favor of the meteor shower hypothesis such that yen/dollar volatility spills over from one trading center to another as the global trading progresses. The ...
... by a volatile day in Tokyo. Using a GARCH model to test for the spillover of volatility across intraday trading segments, they find evidence in favor of the meteor shower hypothesis such that yen/dollar volatility spills over from one trading center to another as the global trading progresses. The ...
Snap Inc (Form: 4, Received: 03/09/2017 21:25:20)
... Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently ...
... Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently ...
hedging through invoice currency
... 2.When the quantity of a foreign currency cash inflow is known, sell the currency forward, when the quantity is unknown , buy a put option on the currency. 3. When the quantity of foreign currency cash flow is partially known and partially uncertain , use a forward contract to hedge the known portio ...
... 2.When the quantity of a foreign currency cash inflow is known, sell the currency forward, when the quantity is unknown , buy a put option on the currency. 3. When the quantity of foreign currency cash flow is partially known and partially uncertain , use a forward contract to hedge the known portio ...
Anatomy of a Bond Futures Contract Delivery Squeeze
... nonperformance. Futures exchanges levy heavy fines on contract shorts that fail to deliver against an outstanding short position. No such fines exist for traders who “fail” in the cash bond and bond repurchase agreement markets. We show that this has important implications for cross-market cash-futu ...
... nonperformance. Futures exchanges levy heavy fines on contract shorts that fail to deliver against an outstanding short position. No such fines exist for traders who “fail” in the cash bond and bond repurchase agreement markets. We show that this has important implications for cross-market cash-futu ...
Changes in the investor base for Emerging Market public debt: What
... the Citi WGBI Index now have an explicit allocation to EM sovereign debt in their respective indices although this allocation is with less than 2% weight at the index level). At the same time, there is evidence to suggest that a number of investors have created an explicit SAA allocation for EM loca ...
... the Citi WGBI Index now have an explicit allocation to EM sovereign debt in their respective indices although this allocation is with less than 2% weight at the index level). At the same time, there is evidence to suggest that a number of investors have created an explicit SAA allocation for EM loca ...
Efficiency in Bangladesh Stock Market Behavior
... Lock-in system and circuit breaker exist in the trading system. Lock-in system implies restrictions on trading in secondary market for certain period of time. Besides, all securities traded on the stock exchange are subject to daily price limitations in an attempt to discourage speculative investors ...
... Lock-in system and circuit breaker exist in the trading system. Lock-in system implies restrictions on trading in secondary market for certain period of time. Besides, all securities traded on the stock exchange are subject to daily price limitations in an attempt to discourage speculative investors ...
Detailed Debit and Credit Balances and Related Items of Member
... Entirely by obligations of U. S. Government or its agencies Entirely by other securities exempted under Section 3 (a) of Securities Exchange Act—1934 By nonexempt securities or mixed collateral Secured by firm or partners' collateral: Entirely by obligations of U S. Government or its agencies Entire ...
... Entirely by obligations of U. S. Government or its agencies Entirely by other securities exempted under Section 3 (a) of Securities Exchange Act—1934 By nonexempt securities or mixed collateral Secured by firm or partners' collateral: Entirely by obligations of U S. Government or its agencies Entire ...
FORM 8-K - corporate
... business day of each fiscal year, an award of 4,000 shares of restricted stock and an option to purchase 7,500 shares of common stock. As the Company’s share price has grown, the dollar value of these share-based grants has increased significantly. For instance, the closing price of the Company’s co ...
... business day of each fiscal year, an award of 4,000 shares of restricted stock and an option to purchase 7,500 shares of common stock. As the Company’s share price has grown, the dollar value of these share-based grants has increased significantly. For instance, the closing price of the Company’s co ...
1 Geometric Brownian motion
... an independent product of n lognormal r.v.s. For example, suppose we wish to sample the stock prices at the end of each day. Then we could choose ti = i so that Li = S(i)/S(i − 1), the percentage change over one day, and then realize (3) as the independent product of such daily changes. In this case ...
... an independent product of n lognormal r.v.s. For example, suppose we wish to sample the stock prices at the end of each day. Then we could choose ti = i so that Li = S(i)/S(i − 1), the percentage change over one day, and then realize (3) as the independent product of such daily changes. In this case ...
Modeling competitive equilibrium prices for energy and balancing
... • To make that possible, it is allowed to have in-the-money orders with a non-convex component that are entirely rejected • Also only fractions of offered capacity can be accepted by the exchange • Out-of-money orders cannot occur in existing market clearing algorithms ...
... • To make that possible, it is allowed to have in-the-money orders with a non-convex component that are entirely rejected • Also only fractions of offered capacity can be accepted by the exchange • Out-of-money orders cannot occur in existing market clearing algorithms ...
Agricultural Marketing CONCEPT PAPER ON REFORMS IN
... Conserted efforts have not been made to promote the direct sales by the farmers to consumers or retailers without involving any intermediary in between . In a country like ours there are large numbers of places where such markets could come up in organised sectors with private investment and can be ...
... Conserted efforts have not been made to promote the direct sales by the farmers to consumers or retailers without involving any intermediary in between . In a country like ours there are large numbers of places where such markets could come up in organised sectors with private investment and can be ...
Full text - Высшая школа экономики
... The issue of impact of speculators on commodity markets is one of the most controversial in economic literature. One point of view is that speculators provide producers of commodities possibility for to hedge their price risk and hence help producers improve performance of their businesses. Speculat ...
... The issue of impact of speculators on commodity markets is one of the most controversial in economic literature. One point of view is that speculators provide producers of commodities possibility for to hedge their price risk and hence help producers improve performance of their businesses. Speculat ...
How are stock prices a!ected by the location of trade?
... forbidden. Indeed, closed-end funds pro"t by enabling investors to better internationalize their portfolios, so funds tend to open where investment barriers are relatively high. By contrast, the stocks of our twins can be arbitraged easily. They trade on major world stock exchanges, and the twins' ...
... forbidden. Indeed, closed-end funds pro"t by enabling investors to better internationalize their portfolios, so funds tend to open where investment barriers are relatively high. By contrast, the stocks of our twins can be arbitraged easily. They trade on major world stock exchanges, and the twins' ...
analyzing the performance of high and low book-to
... financial health. It is been noted in the current research that fundamental scores and future returns are positively correlated with F and G_Score firms, for a study period of ten years. The correlation results of F_Score firms are 0.06273 and G_Score 0.98457. Lakonishock, Shleifer and Vishny (1994) ...
... financial health. It is been noted in the current research that fundamental scores and future returns are positively correlated with F and G_Score firms, for a study period of ten years. The correlation results of F_Score firms are 0.06273 and G_Score 0.98457. Lakonishock, Shleifer and Vishny (1994) ...
2010 Flash Crash
The May 6, 2010, Flash Crash also known as The Crash of 2:45, the 2010 Flash Crash or simply the Flash Crash, was a United States trillion-dollar stock market crash, which started at 2:32 and lasted for approximately 36 minutes. Stock indexes, such as the S&P 500, Dow Jones Industrial Average and Nasdaq 100, collapsed and rebounded very rapidly.The Dow Jones Industrial Average had its biggest intraday point drop (from the opening) up to that point, plunging 998.5 points (about 9%), most within minutes, only to recover a large part of the loss. It was also the second-largest intraday point swing (difference between intraday high and intraday low) up to that point, at 1,010.14 points. The prices of stocks, stock index futures, options and ETFs were volatile, thus trading volume spiked. A CFTC 2014 report described it as one of the most turbulent periods in the history of financial markets.On April 21, 2015, nearly five years after the incident, the U.S. Department of Justice laid ""22 criminal counts, including fraud and market manipulation"" against Navinder Singh Sarao, a trader. Among the charges included was the use of spoofing algorithms; just prior to the Flash Crash, he placed thousands of E-mini S&P 500 stock index futures contracts which he planned on canceling later. These orders amounting to about ""$200 million worth of bets that the market would fall"" were ""replaced or modified 19,000 times"" before they were canceled. Spoofing, layering and front-running are now banned.The Commodity Futures Trading Commission (CFTC) investigation concluded that Sarao ""was at least significantly responsible for the order imbalances"" in the derivatives market which affected stock markets and exacerbated the flash crash. Sarao began his alleged market manipulation in 2009 with commercially available trading software whose code he modified ""so he could rapidly place and cancel orders automatically."" Traders Magazine journalist, John Bates, argued that blaming a 36-year-old small-time trader who worked from his parents' modest stucco house in suburban west London for sparking a trillion-dollar stock market crash is a little bit like blaming lightning for starting a fire"" and that the investigation was lengthened because regulators used ""bicycles to try and catch Ferraris."" Furthermore, he concluded that by April 2015, traders can still manipulate and impact markets in spite of regulators and banks' new, improved monitoring of automated trade systems.As recently as May 2014, a CFTC report concluded that high-frequency traders ""did not cause the Flash Crash, but contributed to it by demanding immediacy ahead of other market participants.""Recent research shows that Flash Crashes are not isolated occurrences, but have occurred quite often over the past century. For instance, Irene Aldridge, the author of High-Frequency Trading: A Practical Guide to Algorithmic Strategies and Trading Systems, 2nd ed., Wiley & Sons, shows that Flash Crashes have been frequent and their causes predictable in market microstructure analysis.