IIAC Comments to CSA re the Application of the Order Protection
... regulatory subsidy for unproven and underperforming markets by effectively requiring dealers to subscribe to all protected markets. While the OPR has achieved its primary objectives of stimulating the launch of competitive marketplaces, and investment in sophisticated smart order router technology, ...
... regulatory subsidy for unproven and underperforming markets by effectively requiring dealers to subscribe to all protected markets. While the OPR has achieved its primary objectives of stimulating the launch of competitive marketplaces, and investment in sophisticated smart order router technology, ...
EMH - Csulb.edu
... – Filter rules yield above-average profits with small filters, but only before taking into account transactions costs – Trading rule results have been mixed, and most have not been able to beat a buy-and-hold policy ...
... – Filter rules yield above-average profits with small filters, but only before taking into account transactions costs – Trading rule results have been mixed, and most have not been able to beat a buy-and-hold policy ...
AMP Capital Derivatives Risk Statement
... external investment managers. The external investment managers are responsible for implementing investment strategy in accordance with the IMA between them and AMP Capital. As part of a fund’s investment strategy, AMP Capital may also invest in collective investment schemes managed by external inves ...
... external investment managers. The external investment managers are responsible for implementing investment strategy in accordance with the IMA between them and AMP Capital. As part of a fund’s investment strategy, AMP Capital may also invest in collective investment schemes managed by external inves ...
Hedge Funds and the Technology Bubble
... to disclose their holdings to the SEC each quarter on form 13F. This concerns all long positions in section 13(f) securities greater than 10,000 shares or $200,000, over which the manager exercises sole or shared investment discretion. 13(f) securities include U.S. stocks, some equity options and wa ...
... to disclose their holdings to the SEC each quarter on form 13F. This concerns all long positions in section 13(f) securities greater than 10,000 shares or $200,000, over which the manager exercises sole or shared investment discretion. 13(f) securities include U.S. stocks, some equity options and wa ...
Macroeconomic Determination of Prices of Agricultural and Mineral
... 3. The spot-futures spread, s-f. A higher spot-futures spread (normal backwardation) signifies a low speculative return and should have a negative effect on inventory demand and on prices. ...
... 3. The spot-futures spread, s-f. A higher spot-futures spread (normal backwardation) signifies a low speculative return and should have a negative effect on inventory demand and on prices. ...
So Everyone is Using Market Conditions: Great! What Does that
... Why do shareholders like relative TSR? • Alignment of interests • Removes scope for management gaming the setting of target range • Should take out impact of external factors that impact on performance i.e. should be a robust measure irrespective of general economic conditions/position within a cyc ...
... Why do shareholders like relative TSR? • Alignment of interests • Removes scope for management gaming the setting of target range • Should take out impact of external factors that impact on performance i.e. should be a robust measure irrespective of general economic conditions/position within a cyc ...
The visible hand: ensuring optimal investment in electric power
... the analysis presented here can serve as a basis to examine (under)investment issues in other industries where participants must select capacity in the presence of significant demand variability and uncertainty and limited storage possibilities, for example telecommunications and transport networks ...
... the analysis presented here can serve as a basis to examine (under)investment issues in other industries where participants must select capacity in the presence of significant demand variability and uncertainty and limited storage possibilities, for example telecommunications and transport networks ...
The Process of Portfolio Management
... efficient markets hypothesis On a well-developed securities exchange, asset prices accurately reflect the tradeoff between relative risk and potential returns of a security – Efforts to identify undervalued securities will be essentially fruitless – Free lunches are difficult to find ...
... efficient markets hypothesis On a well-developed securities exchange, asset prices accurately reflect the tradeoff between relative risk and potential returns of a security – Efforts to identify undervalued securities will be essentially fruitless – Free lunches are difficult to find ...
can election futures markets be more accurate than polls?
... THAN POLLS? INTRODUCTION Public opinion polls are an important part of American political life. Polling informs and influences political debate, the state of the economy, social trends, and more. Political scientists and polling companies have developed sophisticated techniques to make polling more ...
... THAN POLLS? INTRODUCTION Public opinion polls are an important part of American political life. Polling informs and influences political debate, the state of the economy, social trends, and more. Political scientists and polling companies have developed sophisticated techniques to make polling more ...
Margin Requirements, Volatility, and Market Integrity
... The purpose of this study is to assess the state of the margin policy debate using both the direct and indirect evidence that has accumulated since the 1987 Crash. In contrast to earlier literature reviews by France (1991) and Chance (1990), this study will not only discuss more recent evidence, bu ...
... The purpose of this study is to assess the state of the margin policy debate using both the direct and indirect evidence that has accumulated since the 1987 Crash. In contrast to earlier literature reviews by France (1991) and Chance (1990), this study will not only discuss more recent evidence, bu ...
Extraneous Risk: Pricing of Non-Systematic Risk
... is called the belief difference kernel. η̄t plays an ...
... is called the belief difference kernel. η̄t plays an ...
LEVERAGE, HEDGE FUNDS AND RISK
... B. Leverage in Hedge Funds...The Basics Hedge funds utilize leverage in a similar fashion to the way a bank, the buyer of a house, or a stock investor might. As seen above, leverage clearly decreases an investor’s margin for error. That is, when a relatively small amount of capital controls a large ...
... B. Leverage in Hedge Funds...The Basics Hedge funds utilize leverage in a similar fashion to the way a bank, the buyer of a house, or a stock investor might. As seen above, leverage clearly decreases an investor’s margin for error. That is, when a relatively small amount of capital controls a large ...
income income income income income income
... This document is provided for information purposes only and is intended to be read as a companion to the Dynamic Premium Yield Fund advisor brochure. This document is intended to provide supplemental information regarding the investment concepts and strategies employed by the Dynamic Premium Yield ...
... This document is provided for information purposes only and is intended to be read as a companion to the Dynamic Premium Yield Fund advisor brochure. This document is intended to provide supplemental information regarding the investment concepts and strategies employed by the Dynamic Premium Yield ...
High Quality High Yield Select UMA Seix Advisors
... respect to the payment of interest and repayment of principal. Such securities may also be subject to greater volatility as a result of changes in prevailing interest rates than other debt securities. Growth investing does not guarantee a profit or eliminate risk. The stocks of these companies can h ...
... respect to the payment of interest and repayment of principal. Such securities may also be subject to greater volatility as a result of changes in prevailing interest rates than other debt securities. Growth investing does not guarantee a profit or eliminate risk. The stocks of these companies can h ...
Efficient market hypothesis: is the Croatian stock market as (in
... Fifield et al. (2008) examined moving average rules for 15 emerging and 3 developed markets over the period of 1989-2003. Their results indicate that the return behavior of emerging markets differed markedly from that of their developed market counterparts; moving average rules were more profitable wh ...
... Fifield et al. (2008) examined moving average rules for 15 emerging and 3 developed markets over the period of 1989-2003. Their results indicate that the return behavior of emerging markets differed markedly from that of their developed market counterparts; moving average rules were more profitable wh ...
Adverse Selection and Competitive Market Making
... partner, Rodney L. White. The Center receives support from its endowment and from annual contributions from its Members. The Center sponsors a wide range of financial research. It publishes a working paper series and a reprint series. It holds an annual seminar, which for the last several years has ...
... partner, Rodney L. White. The Center receives support from its endowment and from annual contributions from its Members. The Center sponsors a wide range of financial research. It publishes a working paper series and a reprint series. It holds an annual seminar, which for the last several years has ...
Unique Durable Assets - University of Virginia Darden School of
... exogenous fundamentals in our economy consist of the probability that the current art owner is hit by a liquidity shock, the number of bidders in case of an auction, and a parameter that maps bidders’ tastes into emotional dividends, i.e., into the monetary equivalents of the pleasure of owning the ...
... exogenous fundamentals in our economy consist of the probability that the current art owner is hit by a liquidity shock, the number of bidders in case of an auction, and a parameter that maps bidders’ tastes into emotional dividends, i.e., into the monetary equivalents of the pleasure of owning the ...
