insider trading how jurisdictions regulate it report of the
... considered to be “publicly available.” An assessment of the adequacy of disclosure requires an inquiry into whether investors actually have an opportunity to make investment decisions taking such information into account. This inquiry is particularly relevant in jurisdictions that do not require iss ...
... considered to be “publicly available.” An assessment of the adequacy of disclosure requires an inquiry into whether investors actually have an opportunity to make investment decisions taking such information into account. This inquiry is particularly relevant in jurisdictions that do not require iss ...
China Marine Food Group Ltd CMFO
... (“Users”) and should not be the sole piece of information used by such Users or their clients in making an investment decision. While Morningstar has obtained data, statistics and information from sources it believes to be reliable, Morningstar does not perform an audit or seeks independent verifica ...
... (“Users”) and should not be the sole piece of information used by such Users or their clients in making an investment decision. While Morningstar has obtained data, statistics and information from sources it believes to be reliable, Morningstar does not perform an audit or seeks independent verifica ...
1. ROOTS OF STOCK MARKET VOLATILITY AND CRISES: A
... market trading, the majority of the world stock market indices declined from 20% to 50%. In addition, during the month of March 2000, the Asia IFC index declined about 44%, other individual stock markets witnessed a decline of more than 60% such as NASDAQ, 24% in Germany, Canada 19%, and London 14% ...
... market trading, the majority of the world stock market indices declined from 20% to 50%. In addition, during the month of March 2000, the Asia IFC index declined about 44%, other individual stock markets witnessed a decline of more than 60% such as NASDAQ, 24% in Germany, Canada 19%, and London 14% ...
Page 1 of 5 Q1 2017 100.00% 95.64% 3.93% 0.43% 90.72
... publicly available quarterly reports on their order routing practices. The report provides information on the routing of “non-directed orders” – any order that the customer has not specifically instructed to be routed to a particular venue for execution. For these non-directed orders, UBS Financial ...
... publicly available quarterly reports on their order routing practices. The report provides information on the routing of “non-directed orders” – any order that the customer has not specifically instructed to be routed to a particular venue for execution. For these non-directed orders, UBS Financial ...
The a2 Milk Co Ltd ATM
... (“Users”) and should not be the sole piece of information used by such Users or their clients in making an investment decision. While Morningstar has obtained data, statistics and information from sources it believes to be reliable, Morningstar does not perform an audit or seeks independent verifica ...
... (“Users”) and should not be the sole piece of information used by such Users or their clients in making an investment decision. While Morningstar has obtained data, statistics and information from sources it believes to be reliable, Morningstar does not perform an audit or seeks independent verifica ...
Banco de Credito e Inversiones SA BCI
... (“Users”) and should not be the sole piece of information used by such Users or their clients in making an investment decision. While Morningstar has obtained data, statistics and information from sources it believes to be reliable, Morningstar does not perform an audit or seeks independent verifica ...
... (“Users”) and should not be the sole piece of information used by such Users or their clients in making an investment decision. While Morningstar has obtained data, statistics and information from sources it believes to be reliable, Morningstar does not perform an audit or seeks independent verifica ...
Exit Strategies of Venture Capitalists in Hot Issue Markets: Evidence
... German Stock Exchange, 18 were acquired, and 14 failed. Thus, an analysis of the Neuer Markt offers a great opportunity to analyze whether venture-backed IPOs are more successful than non venture-backed IPOs and whether venture capitalists are able to time their exit well. This latter aspect is espe ...
... German Stock Exchange, 18 were acquired, and 14 failed. Thus, an analysis of the Neuer Markt offers a great opportunity to analyze whether venture-backed IPOs are more successful than non venture-backed IPOs and whether venture capitalists are able to time their exit well. This latter aspect is espe ...
Whole Foods Market Inc WFM
... (“Users”) and should not be the sole piece of information used by such Users or their clients in making an investment decision. While Morningstar has obtained data, statistics and information from sources it believes to be reliable, Morningstar does not perform an audit or seeks independent verifica ...
... (“Users”) and should not be the sole piece of information used by such Users or their clients in making an investment decision. While Morningstar has obtained data, statistics and information from sources it believes to be reliable, Morningstar does not perform an audit or seeks independent verifica ...
Securities Trading Policy
... The risk of Insider Trading, or the appearance of Insider Trading, is considered low for certain types of Dealing in Suncorp Securities. The following types of “Exempt Dealing” are exempt from the restriction on Dealing during Closed Periods and the requirement to obtain clearance to Deal as set out ...
... The risk of Insider Trading, or the appearance of Insider Trading, is considered low for certain types of Dealing in Suncorp Securities. The following types of “Exempt Dealing” are exempt from the restriction on Dealing during Closed Periods and the requirement to obtain clearance to Deal as set out ...
A Beginner`s Guide to Indian Commodity Futures Markets
... changes, from the barter system to spot markets to futures markets. In the past few decades, trading in commodity futures has also evolved from “open-outcry” methods (which involved trading through a combination of hand signals and verbal orders in trading pits) to computer-powered electronic tradin ...
... changes, from the barter system to spot markets to futures markets. In the past few decades, trading in commodity futures has also evolved from “open-outcry” methods (which involved trading through a combination of hand signals and verbal orders in trading pits) to computer-powered electronic tradin ...
basics of equity derivatives
... almost three hundred years. Financial derivatives came into spotlight in the post-1970 period due to growing instability in the financial markets. However, since their emergence, these products have become very popular and by 1990s, they accounted for about two-thirds of total transactions in deriva ...
... almost three hundred years. Financial derivatives came into spotlight in the post-1970 period due to growing instability in the financial markets. However, since their emergence, these products have become very popular and by 1990s, they accounted for about two-thirds of total transactions in deriva ...
Endogenous Tick Sizes, Bid-Ask Spreads, Depth, and Trading Volumes
... All observations are partitioned into 30-minute intervals. We estimate the above regression models by OLS with all stocks on the SET50 list. We control for time intervals and differences between price ranges by using dummy variables. For the spread equation, we expect positive coefficients for β1 (c ...
... All observations are partitioned into 30-minute intervals. We estimate the above regression models by OLS with all stocks on the SET50 list. We control for time intervals and differences between price ranges by using dummy variables. For the spread equation, we expect positive coefficients for β1 (c ...
Securities Processing: The Effects of a T+3 System on Security Prices
... trade date in the standard three business day settlement cycle, referred to as T+3. First, the buyer benefits from a payment delay, during which time he can earn interest on the cash needed to settle the trade. Since the seller has no analogous opportunity, I anticipated that the cost of the payment ...
... trade date in the standard three business day settlement cycle, referred to as T+3. First, the buyer benefits from a payment delay, during which time he can earn interest on the cash needed to settle the trade. Since the seller has no analogous opportunity, I anticipated that the cost of the payment ...
DOES SHAREHOLDER COMPOSITION AFFECT STOCK RETURNS?
... are based on the average holding period for stocks in each manager's portfolio. When a greater proportion of the firm’s stock is held by high turnover investors, we expect higher volume and volatility and perhaps a greater stock price response to earnings news. Our primary findings can be summarized ...
... are based on the average holding period for stocks in each manager's portfolio. When a greater proportion of the firm’s stock is held by high turnover investors, we expect higher volume and volatility and perhaps a greater stock price response to earnings news. Our primary findings can be summarized ...
"garden of the forking paths"? - Houston Business and Tax Law
... "garden of the forking paths" of divergent policies and ideology despite their outward appearance of working together.' The only lasting and efficient solution is to consolidate. Consolidation of the agencies is not a new idea.' Nevertheless, the conflict between the CFTC and the SEC continues to gr ...
... "garden of the forking paths" of divergent policies and ideology despite their outward appearance of working together.' The only lasting and efficient solution is to consolidate. Consolidation of the agencies is not a new idea.' Nevertheless, the conflict between the CFTC and the SEC continues to gr ...
Does Asymmetric Information Drive Capital Structure Decisions?
... order theory of Myers (1984); and Myers and Majluf (1984) is based on adverse selection between firm managers and market participants. Market microstructure measures of information asymmetry are designed to capture adverse selection between a larger category of agents (informed traders) and the rest ...
... order theory of Myers (1984); and Myers and Majluf (1984) is based on adverse selection between firm managers and market participants. Market microstructure measures of information asymmetry are designed to capture adverse selection between a larger category of agents (informed traders) and the rest ...
Cross-Market Investor Sentiment in Commodity Exchange
... affects asset prices in another market is still unknown. In other words, can investor sentiment in the stock market affect all securities traded in the market, including securities whose underlying assets are commodities? We simply view investor sentiment as optimism or pessimism about stocks in gen ...
... affects asset prices in another market is still unknown. In other words, can investor sentiment in the stock market affect all securities traded in the market, including securities whose underlying assets are commodities? We simply view investor sentiment as optimism or pessimism about stocks in gen ...
Measuring Historical Volatility
... In pricing options, anticipated volatility over the life of the option is the crucial unknown parameter. While sophisticated volatility estimation procedures, such as GARCH, are popular among finance researchers, these require econometrics software which is difficult for the average undergraduate st ...
... In pricing options, anticipated volatility over the life of the option is the crucial unknown parameter. While sophisticated volatility estimation procedures, such as GARCH, are popular among finance researchers, these require econometrics software which is difficult for the average undergraduate st ...
Criminal Complaint
... least as of in or about March 2010, as well as from 2012 through at least in or about April 2014. As set forth below in paragraph 27, SARAO used Automated Trading Program #1 at least as of in or about March 2010 in order to cancel large volumes of orders. Additionally, the FCM that SARAO began using ...
... least as of in or about March 2010, as well as from 2012 through at least in or about April 2014. As set forth below in paragraph 27, SARAO used Automated Trading Program #1 at least as of in or about March 2010 in order to cancel large volumes of orders. Additionally, the FCM that SARAO began using ...
Report REP 521 Further review of emerging market issuers
... ‘emerging market’ to include Eastern Europe, Asia and the Pacific (excluding Singapore, Hong Kong, Japan and New Zealand), Africa, South America, Mexico, Central America, the Caribbean or the Middle East. We will also have regard to the list of developing countries declared by the Minister for Forei ...
... ‘emerging market’ to include Eastern Europe, Asia and the Pacific (excluding Singapore, Hong Kong, Japan and New Zealand), Africa, South America, Mexico, Central America, the Caribbean or the Middle East. We will also have regard to the list of developing countries declared by the Minister for Forei ...
Denarius Capital Advisors Inc. d/b/a Money Intelligence
... the list of plan investment options. • Whether the participant is able to achieve his or her retirement income, account value goals, other savings goals, and minimum required savings, taking into consideration the total household investment portfolio, income, savings, and debt liabilities. • Monitor ...
... the list of plan investment options. • Whether the participant is able to achieve his or her retirement income, account value goals, other savings goals, and minimum required savings, taking into consideration the total household investment portfolio, income, savings, and debt liabilities. • Monitor ...
The Effect of the Quality of Rumors On Market Yields
... significant difference between the two cases in the period before the event. This continues to be the case on the day that the rumor enters the domain of general public knowledge. However, the day after the rumor becomes generally known we observe an increase in the AAR for the many rumors case but ...
... significant difference between the two cases in the period before the event. This continues to be the case on the day that the rumor enters the domain of general public knowledge. However, the day after the rumor becomes generally known we observe an increase in the AAR for the many rumors case but ...
Security Futures
... opportunities for managing the price risks inherent in volatile equity markets as well as profiting from expected price movements in these markets. For example, an individual expecting the price of a stock to increase during a particular period of time could seek to profit by purchasing one or more ...
... opportunities for managing the price risks inherent in volatile equity markets as well as profiting from expected price movements in these markets. For example, an individual expecting the price of a stock to increase during a particular period of time could seek to profit by purchasing one or more ...
The market impact of large trading orders
... which we develop theories for market impact for each of the above cases. In this paper we focus on understanding how the predictability of order signs affects the total market impact of large trades that are executed sequentially in small pieces. Such trades are called trading packages or hidden ord ...
... which we develop theories for market impact for each of the above cases. In this paper we focus on understanding how the predictability of order signs affects the total market impact of large trades that are executed sequentially in small pieces. Such trades are called trading packages or hidden ord ...
The conceptual and empirical relationship between gambling
... time for the player (e.g., Hannum & Cabot, 2005). However, this is not the case for all forms of gambling. Sports and horse race betting, card counting at blackjack, and personto-person games (e.g., poker, mahjong) are types of gambling where a long-term positive expected return occurs for a small n ...
... time for the player (e.g., Hannum & Cabot, 2005). However, this is not the case for all forms of gambling. Sports and horse race betting, card counting at blackjack, and personto-person games (e.g., poker, mahjong) are types of gambling where a long-term positive expected return occurs for a small n ...
Trading room
A trading room gathers traders operating on financial markets. The trading room is also often called the front office. The terms ""dealing room"" and ""trading floor"" are also used, the latter being inspired from that of an open outcry stock exchange. As open outcry is gradually replaced by electronic trading, the trading room gets the only living place that is emblematic of the financial market. It is also the likeliest place within the financial institution where the most recent technologies are implemented before being disseminated in its other businesses.