Options/Futures Contracts on Ciba Shares: Takeover
... After the additional acceptance period has ended on November 14, 2008, trading in Eurex contracts will be put on “HALT. As of November 11, 2008 (T-3), exercises in options contracts on Ciba shares will be cash-settled. The price of the underlying instrument relevant for cash settlement corresponds t ...
... After the additional acceptance period has ended on November 14, 2008, trading in Eurex contracts will be put on “HALT. As of November 11, 2008 (T-3), exercises in options contracts on Ciba shares will be cash-settled. The price of the underlying instrument relevant for cash settlement corresponds t ...
Volatility trading in options market: How does it a ect where
... either by informed or liquidity traders. There are two kinds of informed traders: Directionaltraders who have information on the future underlying asset price and volatility-traders who have information on the future underlying asset volatility. To exploit their private information, while avoiding f ...
... either by informed or liquidity traders. There are two kinds of informed traders: Directionaltraders who have information on the future underlying asset price and volatility-traders who have information on the future underlying asset volatility. To exploit their private information, while avoiding f ...
File
... Game Theory: a mathematical technique used to analyze competitive situations where the outcome of a participant’s choice depends on the actions of other participants Price War: competitive price cutting by firms, usually in an oligopoly, as each one tries to capture market share from rival firms Con ...
... Game Theory: a mathematical technique used to analyze competitive situations where the outcome of a participant’s choice depends on the actions of other participants Price War: competitive price cutting by firms, usually in an oligopoly, as each one tries to capture market share from rival firms Con ...
The Stock Market, Information, and Financial Market Efficiency
... You and other investors buy shares of Microsoft. Increased demand causes the price of Microsoft’s shares to rise until they reach $27—the new fundamental value of the stock. This example shows how self-interested actions of informed traders cause available information to be incorporated into the mar ...
... You and other investors buy shares of Microsoft. Increased demand causes the price of Microsoft’s shares to rise until they reach $27—the new fundamental value of the stock. This example shows how self-interested actions of informed traders cause available information to be incorporated into the mar ...
The Trump Factor
... With REITs offering 4%+ yields and valuations looking better, we believe further volatility could present opportunities to increase real estate allocations. In the 10 times since 1990 that the REIT market has fallen below net asset value (NAV), as it did in October, it has had an average 17% total ...
... With REITs offering 4%+ yields and valuations looking better, we believe further volatility could present opportunities to increase real estate allocations. In the 10 times since 1990 that the REIT market has fallen below net asset value (NAV), as it did in October, it has had an average 17% total ...
the structure of forward and futures markets
... the over-the-counter forward market is a highly regulated market forward contracts prevent the writer from assuming the credit risk of the buyer terms and conditions are tailored to the specific needs of the two parties involved transaction information between the two parties involved in the forward ...
... the over-the-counter forward market is a highly regulated market forward contracts prevent the writer from assuming the credit risk of the buyer terms and conditions are tailored to the specific needs of the two parties involved transaction information between the two parties involved in the forward ...
Sunway Berhad
... distribution only under such circumstances as may be permitted by applicable law. Readers should be fully aware that this report is for information purposes only. The opinions contained in this report are based on information obtained or derived from sources that we believe are reliable. MIDF AMANAH ...
... distribution only under such circumstances as may be permitted by applicable law. Readers should be fully aware that this report is for information purposes only. The opinions contained in this report are based on information obtained or derived from sources that we believe are reliable. MIDF AMANAH ...
Long Term Effect of Liquidity on Stock Market Development
... investment. In addition to this, investors tend to demand higher risk premium during high stock price volatility which increases cost of capital thus choking investment thereby leading to low economic growth. And finally excessive volatility may be the consequence of instability in some macroeconomi ...
... investment. In addition to this, investors tend to demand higher risk premium during high stock price volatility which increases cost of capital thus choking investment thereby leading to low economic growth. And finally excessive volatility may be the consequence of instability in some macroeconomi ...
Problems of Using Technical and Fractal Analysis on FOREX
... Figure 5 Level of using each kind of analysis by traders with different investment horizon. Each group of trader chooses such combination of the methods which is more useful and suitable for it. For intraday traders: 5% - technical analysis, 95% intuition; for short term traders: 5% - intuition, 10% ...
... Figure 5 Level of using each kind of analysis by traders with different investment horizon. Each group of trader chooses such combination of the methods which is more useful and suitable for it. For intraday traders: 5% - technical analysis, 95% intuition; for short term traders: 5% - intuition, 10% ...
Document
... and enforcing various rules and requirements; conducting off-site and on-site inspection; etc. Such supervision builds investors’ confidence by limiting the opportunities for players to commit irregularities such as price manipulation, insider trading or failure to settle/deliver. 3. Stock Exchange ...
... and enforcing various rules and requirements; conducting off-site and on-site inspection; etc. Such supervision builds investors’ confidence by limiting the opportunities for players to commit irregularities such as price manipulation, insider trading or failure to settle/deliver. 3. Stock Exchange ...
IOSR Journal of Computer Engineering (IOSR-JCE)
... provides a framework for studying investor behaviour, and generally focuses on price and volume data. Technical Analysis using this approach has short-term investment horizons, and access to price and exchange data. Fundamental analysis involves analysis of a company’s performance and profitability ...
... provides a framework for studying investor behaviour, and generally focuses on price and volume data. Technical Analysis using this approach has short-term investment horizons, and access to price and exchange data. Fundamental analysis involves analysis of a company’s performance and profitability ...
Circular 2018/2 Duty to report securities transactions Duty to
... III. Definition of terms Transactions: ...
... III. Definition of terms Transactions: ...
download, ENG - NBI INVESTMENTS Ltd
... Order, including an instruction for the order to be executed on a particular venue, the Company will execute the Order according to these instructions. However, in following these specific instructions, NBI will be deemed to have taken all reasonable steps to provide best possible results for the Cl ...
... Order, including an instruction for the order to be executed on a particular venue, the Company will execute the Order according to these instructions. However, in following these specific instructions, NBI will be deemed to have taken all reasonable steps to provide best possible results for the Cl ...
Is investing in structured products a form of betting?
... not legally considered a bet, but a gamble, even though the terms ‘sports betting’ and ‘horse race betting’ are often used in this context. ...
... not legally considered a bet, but a gamble, even though the terms ‘sports betting’ and ‘horse race betting’ are often used in this context. ...
A Close Look into Black-Scholes Option Pricing Model
... move in a random walk; random walk means that at any given moment in time, the price of the underlying stock can go up or down with the same probability. However, this assumption does not hold as stock prices are determined by many factors that cannot be assigned the same probability in the way they ...
... move in a random walk; random walk means that at any given moment in time, the price of the underlying stock can go up or down with the same probability. However, this assumption does not hold as stock prices are determined by many factors that cannot be assigned the same probability in the way they ...
FIRST ASSET CANADIAN DIVIDEND LOW VOLATILITY INDEX ETF
... the Fund. Returns of an Index do not represent the Fund's returns. An investor cannot invest directly in an Index. All performance data for all indices assumes the reinvestment of all distributions. CIBC index performance data results prior to September 30, 2016 are hypothetical, but are calculated ...
... the Fund. Returns of an Index do not represent the Fund's returns. An investor cannot invest directly in an Index. All performance data for all indices assumes the reinvestment of all distributions. CIBC index performance data results prior to September 30, 2016 are hypothetical, but are calculated ...
Active Portfolio Management and Performance Measure
... – Can hedge out market risk via shorting stock index or stock index futures to establish a market neutral position. – Process is called alpha capture or alpha transport. – When short positions and leverage are allowed a significant non-zero alpha is a sufficient condition for an improvement in the S ...
... – Can hedge out market risk via shorting stock index or stock index futures to establish a market neutral position. – Process is called alpha capture or alpha transport. – When short positions and leverage are allowed a significant non-zero alpha is a sufficient condition for an improvement in the S ...
Estimating an Equilibrium Model of Limit Order Markets
... Baruch’s intuition, I can solve for equilibrium price schedules using dynamic programming methods in price. Dynamic programming has become a crucial component of the structural econometrics tool box, beginning with Miller (1984), Wolpin (1984), Pakes (1986), and Rust (1987), and is used to approach ...
... Baruch’s intuition, I can solve for equilibrium price schedules using dynamic programming methods in price. Dynamic programming has become a crucial component of the structural econometrics tool box, beginning with Miller (1984), Wolpin (1984), Pakes (1986), and Rust (1987), and is used to approach ...
Navn på forfattere
... correlated pairs of stocks that moved in the same correction, and then take a long position in the undervalued and a short position in the overvalued stock when the correlation weakened. Most literature on pairs trading in the equity market are influenced by the early work of Gatev et al (2006). The ...
... correlated pairs of stocks that moved in the same correction, and then take a long position in the undervalued and a short position in the overvalued stock when the correlation weakened. Most literature on pairs trading in the equity market are influenced by the early work of Gatev et al (2006). The ...
Dynamic Learning Rate Adjustment Algorithm
... management with reasonable success. Its performance depends heavily, however, on the choice of the learning rate η, and it is difficult to know a priori which values will yield the best results. In our project, we explored various means of adjusting η based on different attributes of the stock marke ...
... management with reasonable success. Its performance depends heavily, however, on the choice of the learning rate η, and it is difficult to know a priori which values will yield the best results. In our project, we explored various means of adjusting η based on different attributes of the stock marke ...
Who sets the price of gold? London or New York
... discovery. It is also likely that the low transaction costs, inbuilt leverage and ability to avoid dealing with the underlying asset, make futures contracts an attractive option for those that trade gold as a financial asset, and such trades contribute disproportionately to price discovery. Our seco ...
... discovery. It is also likely that the low transaction costs, inbuilt leverage and ability to avoid dealing with the underlying asset, make futures contracts an attractive option for those that trade gold as a financial asset, and such trades contribute disproportionately to price discovery. Our seco ...
the not-so-well-known three-and-one-half-factor model
... The well-known three factor model has four factors (or three plus the Market “half-factor”) in Fama-MacBeth regressions used in the first tests of the CAPM. A separate beta factor is also used in enhanced Fama-MacBeth regressions now used in equity risk-factor modeling paractice. The long-term (half ...
... The well-known three factor model has four factors (or three plus the Market “half-factor”) in Fama-MacBeth regressions used in the first tests of the CAPM. A separate beta factor is also used in enhanced Fama-MacBeth regressions now used in equity risk-factor modeling paractice. The long-term (half ...
Turquoise Derivatives - Strike Price Generation
... 2.2. Designation of the ATM strike Every minute, the SOLA derivatives system marks one of the series listed the “ATM” strike price. It does this by looking at the price of the underlying and seeing which series is closest to this level. At the end of each day, an ATM strike is chosen (or created if ...
... 2.2. Designation of the ATM strike Every minute, the SOLA derivatives system marks one of the series listed the “ATM” strike price. It does this by looking at the price of the underlying and seeing which series is closest to this level. At the end of each day, an ATM strike is chosen (or created if ...