Regulatory Notice 09-53
... Day Trading For day-trading purposes, the calculations to determine day-trading buying power and day-trade calls will also be based on the amount of leverage on the ETF. Thus, the day-trading buying power on a leveraged ETF will need to include the higher margin requirements prescribed above. The fo ...
... Day Trading For day-trading purposes, the calculations to determine day-trading buying power and day-trade calls will also be based on the amount of leverage on the ETF. Thus, the day-trading buying power on a leveraged ETF will need to include the higher margin requirements prescribed above. The fo ...
- CAIA Association
... another manager analysis tool to plan sponsors’ toolboxes, but it perpetuated a notion that high Active Share (and/or concentration) results in higher excess returns. Review of Prior Work Since the publishing of their original paper, there have been many articles, including work from AQR,2 Fidelity, ...
... another manager analysis tool to plan sponsors’ toolboxes, but it perpetuated a notion that high Active Share (and/or concentration) results in higher excess returns. Review of Prior Work Since the publishing of their original paper, there have been many articles, including work from AQR,2 Fidelity, ...
Funding Constraints, Market Liquidity, and Financial Crises
... Established in 1791, the First Bank of the United States (FBUS) was chartered for 20 years and served as the banker of the US government. The FBUS was a semi-public national bank where foreigners held a large non-voting stake in the institution. Although the FBUS did not have the explicit ability t ...
... Established in 1791, the First Bank of the United States (FBUS) was chartered for 20 years and served as the banker of the US government. The FBUS was a semi-public national bank where foreigners held a large non-voting stake in the institution. Although the FBUS did not have the explicit ability t ...
An Economic Perspective on Dividends
... **The analysis provided by Ned Davis indicates that the data is not applicable because the Dividend Income Return data for the 1930s and 2000s is disproportionately high versus the other decades due to the low or negative Total Returns during these periods. The information provided in this analysis ...
... **The analysis provided by Ned Davis indicates that the data is not applicable because the Dividend Income Return data for the 1930s and 2000s is disproportionately high versus the other decades due to the low or negative Total Returns during these periods. The information provided in this analysis ...
Low Risk- Hight Propabilities Trading Strategies 1
... expensive its options will be, and vice versa. Options usually tend to be more expensive prior to earnings reports and other major announcements but decrease in price sharply after the announcement, once the “uncertainty’ has been removed. A good example of this is biotech stocks and drug announceme ...
... expensive its options will be, and vice versa. Options usually tend to be more expensive prior to earnings reports and other major announcements but decrease in price sharply after the announcement, once the “uncertainty’ has been removed. A good example of this is biotech stocks and drug announceme ...
Suitability, Know Your Customer and You
... And the broker recommended the transaction, investment strategy or that the customer hold a security Example: you send research and recommend a security to a friend, and (s)he later effects a trade in that security with you; but she is not a customer if (s)he effects the trade elsewhere ...
... And the broker recommended the transaction, investment strategy or that the customer hold a security Example: you send research and recommend a security to a friend, and (s)he later effects a trade in that security with you; but she is not a customer if (s)he effects the trade elsewhere ...
market efficiency in baltic stock markets
... 1.1. The role and importance of efficient capital markets According to Harris (2011), the main functions for the financial system are to give ability for people: to save money for the future, to borrow money for current use, to raise equity capital, to manage risks, to exchange assets for immediate ...
... 1.1. The role and importance of efficient capital markets According to Harris (2011), the main functions for the financial system are to give ability for people: to save money for the future, to borrow money for current use, to raise equity capital, to manage risks, to exchange assets for immediate ...
Attracting Foreign Investment
... Phase I is to be completed by end of 2003 Conceptual model to be reviewed and signed off Develop Heads of Agreement Evaluate funding options Ensure buy-in from market participants by each participating ...
... Phase I is to be completed by end of 2003 Conceptual model to be reviewed and signed off Develop Heads of Agreement Evaluate funding options Ensure buy-in from market participants by each participating ...
The concept of financial analysis
... employ them in the form of liquid investments in the financial and monetary market. Usually investors try to avoid risk in their investments, through the diversification of the components of investment portfolios that they own, even easier for them to also convert a portion of these investments to f ...
... employ them in the form of liquid investments in the financial and monetary market. Usually investors try to avoid risk in their investments, through the diversification of the components of investment portfolios that they own, even easier for them to also convert a portion of these investments to f ...
Listing on the FTSE-100: Does it matter?
... tracking or increased publicity, has a positive impact on the long-run stock returns of firms included in the index. Similarly, we might expect a negative impact on the returns of the deleted firms. Naturally, measuring the long-run performance of such stocks cannot include the pre-announcement retu ...
... tracking or increased publicity, has a positive impact on the long-run stock returns of firms included in the index. Similarly, we might expect a negative impact on the returns of the deleted firms. Naturally, measuring the long-run performance of such stocks cannot include the pre-announcement retu ...
Mergers and Acquisitions
... Defence • Staggered Board – In many public companies, a board of directors whose three-year terms are staggered so that only one-third of the directors are up for election each year. – Also known as Classified Board • A bidder’s candidate would have to win a proxy fight two years in a row before the ...
... Defence • Staggered Board – In many public companies, a board of directors whose three-year terms are staggered so that only one-third of the directors are up for election each year. – Also known as Classified Board • A bidder’s candidate would have to win a proxy fight two years in a row before the ...
RTF - Vornado Realty Trust
... Amendment No. 16 amends the Schedule 13D only with respect to the items listed below. Unless otherwise indicated, all capitalized terms used but not defined herein shall have the meaning ascribed to them in the Initial Schedule 13D. Pursuant to Rule 13d-4 under the Exchange Act, each of the Reportin ...
... Amendment No. 16 amends the Schedule 13D only with respect to the items listed below. Unless otherwise indicated, all capitalized terms used but not defined herein shall have the meaning ascribed to them in the Initial Schedule 13D. Pursuant to Rule 13d-4 under the Exchange Act, each of the Reportin ...
Price Volatility, Trading Activity and Market Depth
... that relates directly to market depth. Therefore, Bessembinder and Seguin (1993) use expected open interest as a proxy for market depth since it reflects order flow of the futures transactions and willingness of traders to risk their capital. ...
... that relates directly to market depth. Therefore, Bessembinder and Seguin (1993) use expected open interest as a proxy for market depth since it reflects order flow of the futures transactions and willingness of traders to risk their capital. ...
Destabilizing Commodity Market Speculation
... his/her own supply resulting in a lower equilibrium market clearing price in period 1. From the perspective one strategic seller, the additional supply to the market when all of his/her rivals choose not to increase their own supply, must o↵sets the loss from selling at a lower price to the nonstrat ...
... his/her own supply resulting in a lower equilibrium market clearing price in period 1. From the perspective one strategic seller, the additional supply to the market when all of his/her rivals choose not to increase their own supply, must o↵sets the loss from selling at a lower price to the nonstrat ...
The Impact of Derivatives on Cash Markets: What Have We
... nations. Researchers have studied the impact of derivatives by comparing underlying market characteristics before and after introduction dates, by studying the behavior of the underlying market around the expiration dates of the derivative contracts, and by examining lead-lag relationships between c ...
... nations. Researchers have studied the impact of derivatives by comparing underlying market characteristics before and after introduction dates, by studying the behavior of the underlying market around the expiration dates of the derivative contracts, and by examining lead-lag relationships between c ...
Liquidity Risk and Asset Pricing
... in a less than perfectly competitive environment since alternative trading partners are not immediately available. ...
... in a less than perfectly competitive environment since alternative trading partners are not immediately available. ...
Veritiv Corp (Form: 424B3, Received: 11/15/2016 16
... Additionally, we provide logistics and supply chain management solutions to our customers. Established in 2014, following the merger of International Paper Company's xpedx distribution solutions business ("xpedx") and UWW Holdings, Inc., the parent company of Unisource Worldwide, Inc. ("Unisource"), ...
... Additionally, we provide logistics and supply chain management solutions to our customers. Established in 2014, following the merger of International Paper Company's xpedx distribution solutions business ("xpedx") and UWW Holdings, Inc., the parent company of Unisource Worldwide, Inc. ("Unisource"), ...
Eighths, sixteenths, and market depth: changes in tick
... stocks but would also lower quoted depth, because of a decrease in the marginal pro"tability of supplying liquidity. Harris further notes that the reduction in tick size would likely a!ect stocks even where the constraint is not binding: since the tick size represents the subsidy paid to liquidity p ...
... stocks but would also lower quoted depth, because of a decrease in the marginal pro"tability of supplying liquidity. Harris further notes that the reduction in tick size would likely a!ect stocks even where the constraint is not binding: since the tick size represents the subsidy paid to liquidity p ...
Top 10 Stock Screening Strategies That Make
... companies in the portfolio. Compounded performances (when stated), were calculated by taking a hypothetical starting equity amount and calculating the total return for the period. Each subsequent period then used the resulting equity balance as its start to calculate that period’s total return. No c ...
... companies in the portfolio. Compounded performances (when stated), were calculated by taking a hypothetical starting equity amount and calculating the total return for the period. Each subsequent period then used the resulting equity balance as its start to calculate that period’s total return. No c ...
Short (finance)
.png?width=300)
In finance, short selling (also known as shorting or going short) is the practice of selling securities or other financial instruments that are not currently owned, and subsequently repurchasing them (""covering""). In the event of an interim price decline, the short seller will profit, since the cost of (re)purchase will be less than the proceeds which were received upon the initial (short) sale. Conversely, the short position will be closed out at a loss in the event that the price of a shorted instrument should rise prior to repurchase. The potential loss on a short sale is theoretically unlimited in the event of an unlimited rise in the price of the instrument, however in practice the short seller will be required to post margin or collateral to cover losses, and any inability to do so on a timely basis would cause its broker or counterparty to liquidate the position. In the securities markets, the seller generally must borrow the securities in order to effect delivery in the short sale. In some cases, the short seller must pay a fee to borrow the securities and must additionally reimburse the lender for cash returns the lender would have received had the securities not been loaned out.Short selling is most commonly done with instruments traded in public securities, futures or currency markets, due to the liquidity and real-time price dissemination characteristic of such markets and because the instruments defined within each class are fungible.In practical terms, going short can be considered the opposite of the conventional practice of ""going long"", whereby an investor profits from an increase in the price of the asset. Mathematically, the return from a short position is equivalent to that of owning (being ""long"") a negative amount of the instrument. A short sale may be motivated by a variety of objectives. Speculators may sell short in the hope of realizing a profit on an instrument which appears to be overvalued, just as long investors or speculators hope to profit from a rise in the price of an instrument which appears undervalued. Traders or fund managers may hedge a long position or a portfolio through one or more short positions.