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IIAC Comments to CSA re the Application of the Order Protection
IIAC Comments to CSA re the Application of the Order Protection

... As stated in our previous submissions relating to the multiple marketplace regime and the OPR, we are of the view that the protected market component of the OPR has unnecessarily increased costs, added complexity to the market and provided a regulatory subsidy for unproven and underperforming market ...
UL report_201501_ENG
UL report_201501_ENG

... This account is a medium aggressive account. This fund may be quite volatile and it is only suitable for long-term investors. ...
Netainment valuations 090103
Netainment valuations 090103

... indexes primarily reflect the average stock prices for listed IT and related companies. Some On-Line Casino’s were also listed in these exchanges. The stock market indexes also reflect the market’s assessment of future economic prospects of its participants, and the economy in general. The NASDAQ an ...
KDS Quantum Option Model
KDS Quantum Option Model

... prices to converge. Thereby, we can construct premium-based trading strategies (i.e. Sell Put/Call trades) to take advantage of not only the probability of non-exercise, but also the speed of decay. Timing of entry is very critical as confidence levels can quickly shift when market experiences short ...
TTSE Rule 405 - Price Stabilisation Amended April 19th 2010
TTSE Rule 405 - Price Stabilisation Amended April 19th 2010

... where some securities remain inactive even though the bids or offers are at the 10% limit, as well cases of a one sided market with no opposing bids or offers for some securities. As at June 30th 2009, there were three (3) securities with bids or offers at the 10% limit and twenty one (21) securitie ...
securities investment services
securities investment services

... The price of securities may go up or down, investors may lose all his funds under certain circumstances. The risk of loss in leveraged trading can be substantial. Investors may sustain losses in excess of your initial margin funds. Placing contingent orders, such as “stop order” or “limit order”, wi ...
FAQ Power Exchange - Tata Power Trading Company Ltd.
FAQ Power Exchange - Tata Power Trading Company Ltd.

... supply. Prior to Exchange operation, this was done by electricity traders on negotiation basis. Why Power Exchange is needed? In market driven economy market forces are contradictory. Buyer wants low price, seller wants otherwise. These conflicting forces determine the correct price of a commodity a ...
Trade School: Gap Day Trading Nick Fosco May 28, 2010
Trade School: Gap Day Trading Nick Fosco May 28, 2010

... May 28, 2010 ...
2016-2017 Ithaca College Virtual Investment Competition
2016-2017 Ithaca College Virtual Investment Competition

... Trading will also be open on the first day of the competition, Monday October 31st. Thereafter, trading will be open every Friday during the competition as noted previously. • Restrictions – Investments in ETFs, Closed End Funds or derivatives are NOT allowed. Shorting stocks is NOT permitted. No in ...
U.S. Equity Market Structure
U.S. Equity Market Structure

... various proposals for a pilot program for minimum tick size appear to lack a measurable outcome and could unintentionally increase costs for investors, both retail and institutional alike.10 The current minimum tick size of one cent does not mean that all stocks trade at the minimum possible spread. ...
Golden rules of investing in stock market
Golden rules of investing in stock market

... argue the fact that a certain amount of skill and research is necessary to make good long-term investment decisions. It is no different with trading. Take the time to learn what works and what does not. Learn from past mistakes and allow yourself to succeed. Use a trading base of capital that you ar ...
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1 The temptation to sell is always when the market drops the furthest.

... Beca use of t he possibility of human or m echanical error by DST Systems, In c. or its sources, n either DST Sy stems, In c. nor its sources g u arantees the accuracy, adequacy, com pleteness or availability of any information and is not responsible for any errors or om issions or for t h e results ...
multi-market trading and market liquidity: the post-mifid picture
multi-market trading and market liquidity: the post-mifid picture

... o Share of OTC & internalized trading ...
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... financial crisis. And so we find ourselves, as we did in 2008, looking back at almost six years of bull market returns, and wondering how solid the ground is beneath us. In delving beneath the market’s surface, however, there are always risks to be avoided (assets trading well above what they’re wor ...
Transaction Costs, Trade Throughs, and Riskless Principal Trading
Transaction Costs, Trade Throughs, and Riskless Principal Trading

... dealer profits, and they will withdraw. • But only because buy-side traders will be able to effectively offer liquidity to each other. • Cutting out the middleman saves costs. • Volumes will increase as liquidity increases. ...
IO Class note 10:Dynamic Games and First and Second Movers
IO Class note 10:Dynamic Games and First and Second Movers

... • The dynamic games above require that firms move in sequence and that they can commit to the moves reasonable with quantity less obvious with prices with no credible commitment solution of a dynamic game becomes very different Cournot first-mover cannot maintain output Bertrand firm cannot maintain ...
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FREE Manual

... others become aware of the news and either enter new long positions or rush to cover their short interests in the face of a rising market. And, yes, technical traders such as ourselves enter on the buy side due to the technical factors which identify a rising market. Since the basic fundamental news ...
Stocks
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... orders placed by investors) • NASDAQ Stock Market- free stock quotes, stock exchange prices, stock market news, and online stock trading tools • AMEX American stock exchange- has about 800 stocks that are generally smaller and less actively traded • Specialists- traders who help to make a market in ...
Heterogeneous Beliefs under Different Market Architectures
Heterogeneous Beliefs under Different Market Architectures

... where zs,t is the supply of the risky asset, while a and σ 2 stand for the risk-aversion coefficient and expected variance, respectively, which are shared by all traders. In some simple case, like if H = 2 and the market is populated by fundamentalists and technical traders, one can define a low-dim ...
Chapter 371 NY Harbor ULSD vs. Low Sulphur Gasoil (1,000bbl
Chapter 371 NY Harbor ULSD vs. Low Sulphur Gasoil (1,000bbl

... trading for the expiring Low Sulphur Gasoil Futures contract when the settlement prices of the second nearby Low Sulphur Gasoil contract will be used. The Floating Price is calculated using the non-common pricing convention. In calculating the spread differential, the monthly average for each compon ...
I_Ch03
I_Ch03

... assigned to one single specialist) Make a market (造市): be always ready, willing, and able to trade a particular security at quoted bid and asked prices The task of dealers is to make a market, but in dealer markets, there could be many dealers for one security There are fewer than 10 specialist firm ...
BusAd 551 - Corporate Financial Decisions
BusAd 551 - Corporate Financial Decisions

... in security prices – Prices assumed to move in trends that persist – Changes in trends result from changes in supply and demand conditions – Old strategy that can be traced back to the late nineteenth century ...
Stock-Alerts-Risk-Guidelines
Stock-Alerts-Risk-Guidelines

... Principle #1 -- The more money you have, the more you can afford to risk losing The more money you have, the more you can afford to risk without it hurting you too much. Someone with $5 million can afford to lose $10,000 but someone whose entire savings is $20,000 can't afford to lose that much. Ri ...
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Who we are

... PMEX aims to bring futures contracts of all the above commodities on its trading platform ...
CBML Expert Group 4th Meeting Summary Minutes
CBML Expert Group 4th Meeting Summary Minutes

... It was stressed that the report should discuss how liquid a naturally illiquid market, such as that of corporate bonds, could reasonably be, and how pricing could be made more efficient. The way placement actually happens and what infrastructures are used should be investigated. ...
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High-frequency trading

High-frequency trading (HFT) is a type of algorithmic trading characterized by high speeds, high turnover rates, and high order-to-trade ratios that leverages high-frequency financial data[1] and electronic trading tools. While there is no single definition of HFT, among its key attributes are highly sophisticated algorithms, specialized order types, co-location, very short-term investment horizons, and high cancellation rates of orders. HFT can be viewed as a primary form of algorithmic trading in finance. Specifically, it is the use of sophisticated technological tools and computer algorithms to rapidly trade securities. HFT uses proprietary trading strategies carried out by computers to move in and out of positions in seconds or fractions of a second. It is estimated that as of 2009, HFT accounted for 60-73% of all US equity trading volume, with that number falling to approximately 50% in 2012.High-frequency traders move in and out of short-term positions at high volumes and high speeds aiming to capture sometimes a fraction of a cent in profit on every trade. HFT firms do not consume significant amounts of capital, accumulate positions or hold their portfolios overnight. As a result, HFT has a potential Sharpe ratio (a measure of reward to risk) tens of times higher than traditional buy-and-hold strategies. High-frequency traders typically compete against other HFTs, rather than long-term investors. HFT firms make up the low margins with incredibly high volumes of trades, frequently numbering in the millions.It has been argued that a core incentive in much of the technological development behind high-frequency trading is essentially front running, in which the varying delays in the propagation of orders is taken advantage of by those who have earlier access to information.A substantial body of research argues that HFT and electronic trading pose new types of challenges to the financial system. Algorithmic and high-frequency traders were both found to have contributed to volatility in the Flash Crash of May 6, 2010, when high-frequency liquidity providers rapidly withdrew from the market. Several European countries have proposed curtailing or banning HFT due to concerns about volatility. Other complaints against HFT include the argument that some HFT firms scrape profits from investors when index funds rebalance their portfolios.
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