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Articles on this Page
- 12/08/15--16:10: _Trying to overturn ...
- 12/08/15--16:12: _Orion Mine Finance ...
- 12/08/15--16:19: _Good vibrations: Fr...
- 12/08/15--16:20: _US universities gri...
- 12/08/15--16:21: _VIDEO: 'My passion ...
- 12/08/15--16:40: _Maglan Capital's Po...
- 12/08/15--17:44: _High-order ADI sche...
- 12/08/15--17:45: _Variations on an ex...
- 12/08/15--17:46: _The double role of ...
- 12/08/15--17:47: _Sparse Mean-Varianc...
- 12/08/15--17:48: _Rethinking distance...
- 12/08/15--18:29: _Smith & Wesson ...
- 12/08/15--22:10: _VIDEO: Tough times ...
- 12/08/15--22:42: _TOCOM Dubai Crude O...
- 12/08/15--22:43: _ASIC: Australian In...
- 12/08/15--22:44: _Stock Exchange Of T...
- 12/08/15--22:45: _ASIC: Etrade Austra...
- 12/08/15--23:19: _Chinese bank raises...
- 12/08/15--23:21: _UAE's Securities An...
- 12/08/15--23:29: _Orc Recognized As P...
- 12/08/15--16:10: Trying to overturn a US gun law
- 12/08/15--16:12: Orion Mine Finance Prepping New Commodities Hedge Fund
- 12/08/15--16:19: Good vibrations: From designing ships to making turntables
- 12/08/15--16:20: US universities gripped by identity crisis
- 12/08/15--16:21: VIDEO: 'My passion for music started early'
- 12/08/15--18:29: Smith & Wesson gunmaker triples profits
- 12/08/15--22:10: VIDEO: Tough times in the global tea trade
- 12/08/15--22:42: TOCOM Dubai Crude Oil Futures Volume Hit All-Time Record
- 12/08/15--22:44: Stock Exchange Of Thailand: Relocation Notice
- 12/08/15--23:19: Chinese bank raises $7bn ahead of IPO
Safety campaigners want more checks on gun sellers
The rout in commodities is not deterring at least one firm from launching a new commodities-based hedge fund next year.read more...
From designing ships to making record turntable
US universities gripped by identity crisis
Serbian hi-fi turntable maker Igor Gligorov explains why he has made his passion for music and sound his business.
Distressed investment specialist Maglan Capital posted a 14.58% net gain during the month of November, well ahead of the firmâs benchmark, and bringing its year-to-date results up to +8.35%.Â read more...
We propose a new high-order alternating direction implicit (ADI) finite
difference scheme for the solution of initial-boundary value problems of
convection-diffusion type with mixed derivatives and non-constant coefficients,
as they arise from stochastic volatility models in option pricing. Our approach
combines different high-order spatial discretisations with Hundsdorfer and
Verwer's ADI time-stepping method, to obtain an efficient method which is
fourth-order accurate in space and second-order accurate in time. Numerical
experiments for the European put option pricing problem using Heston's
stochastic volatility model confirm the high-order convergence.
Markets composed of stocks with capitalization processes represented by
positive continuous semimartingales are studied under the condition that the
market excess growth rate is bounded away from zero. The following examples of
these markets are given: i) a market with a singular covariance matrix and
instantaneous relative arbitrage; ii) a market with a singular covariance
matrix and no arbitrage; iii) a market with a nonsingular covariance matrix and
no arbitrage; iv) a market with a nonsingular covariance matrix and relative
arbitrage over an arbitrary time horizon.
The International Trade Network (ITN) is the network formed by trade
relationships between world countries. The complex structure of the ITN impacts
important economic processes such as globalization, competitiveness, and the
propagation of instabilities. Modeling the structure of the ITN in terms of
simple macroeconomic quantities is therefore of paramount importance. While
traditional macroeconomics has mainly used the Gravity Model to characterize
the magnitude of trade volumes, modern network theory has predominantly focused
on modeling the topology of the ITN. Combining these two complementary
approaches is still an open problem. Here we review these approaches and
emphasize the double role played by GDP in empirically determining both the
existence and the volume of trade linkages. Moreover, we discuss a unified
model that exploits these patterns and uses only the GDP as the relevant
macroeconomic factor for reproducing both the topology and the link weights of
This paper considers mean-variance optimization under uncertainty,
specifically when one desires a sparsified set of optimal portfolio weights.
From the standpoint of a Bayesian investor, our approach produces a small
portfolio from many potential assets while acknowledging uncertainty in asset
returns and parameter estimates. Our loss function used for selection is
constructed by integrating over both dimensions of uncertainty, and our
optimization is structured as a LASSO minimization with penalized weights. The
foundations of this paper are adapted from the decoupled shrinkage and
selection (DSS) procedure of Hahn and Carvalho (2015) where statistical
inference and the investor's preference for simplicity are separated.
Here, we present the World Trade Atlas 1870-2013, a collection of annual
world trade maps in which distances incorporate the different dimensions that
affect international trade, beyond mere geography. The atlas provides us with
information regarding the long-term evolution of the international trade system
and demonstrates that, in terms of trade, the world is not flat, but
hyperbolic. The departure from flatness has been increasing since World War I,
meaning that differences in trade distances are growing and trade networks are
becoming more hierarchical. Smaller-scale economies are moving away from other
countries except for the largest economies; meanwhile those large economies are
increasing their chances of becoming connected worldwide. At the same time,
Preferential Trade Agreements do not fit in perfectly with natural communities
within the trade space and have not necessarily reduced internal trade
barriers. We discuss an interpretation in terms of globalization,
hierarchization, and localization; three simultaneous forces that shape the
international trade system.
One of the world's most famous gun-makers, Smith & Wesson, nearly triples its profits in three months to October compared to a year earlier.
It's a global industry worth around $38bn - but competition in the tea trade is tough. The founder of Sri Lanka's leading tea family shares the secrets to success.
The Tokyo Commodity Exchange, Inc. announced yesterday that Dubai Crude Oil futures trading volume reached 55,388 contracts, the highest since its launch on September 10, 2001. The record was renewed for the two consecutive days and it is the first time for the contract’s daily volume to exceed 50,000 lots. Open interest for Dubai Crude Oil futures marked the highest on December 4, 2015 at 58,741 contracts.read more...
Australian Investment Exchange Limited (AUSIEX) has paid a penalty of $130,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP).read more...
With effect from 4th January 2016, The Stock Exchange of Thailand’s (SET) office, including its subsidiaries, will be fully conducted at the new building following below address and new main telephone numbers.read more...
Etrade Australia Securities Limited (Etrade) has paid a penalty of $65,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The MDP found it had reason to believe that Etrade had contravened subsection 798H(1) of the Corporations Act 2001 (Corporations Act) by failing to comply with a ASIC market integrity rule (ASX Market) regarding the market for a Product not being both fair and orderly.read more...
Postal Savings Bank of China raises $7bn from 10 domestic and foreign investors ahead of an initial public offering next year.
SCA added that the draft regulations published on its website to solicit the views of specialists, market participants, and stakeholders may be different, in varying degrees, from the final regulations since it receives many inputs from market participants and industry players, which are taken into consideration when drafting final regulations before having them approved by its board of directors and relevant authorities. read more...
Orc, the global market leader in electronic trading technology for listed derivatives, was named “Prop Traders’ ISV of the Year” at the FOW International Awards, presented by FOW yesterday in London.read more...