Q1 - 2017 Commentary - The Canadian ETF Association
... As of February 2017, ETFs accounted for 8.0% of all investment fund assets (mutual funds and ETFs, collectively), an increase of 1.1 percentage points from a year earlier. Over this time period, ETFs posted double digit asset growth of 35.1%, while mutual fund assets grew by 15.0%—a still powerful r ...
... As of February 2017, ETFs accounted for 8.0% of all investment fund assets (mutual funds and ETFs, collectively), an increase of 1.1 percentage points from a year earlier. Over this time period, ETFs posted double digit asset growth of 35.1%, while mutual fund assets grew by 15.0%—a still powerful r ...
London Precious Metals Markets Guide
... and silver (collectively referred to as “bullion”) and platinum and palladium (collectively with bullion referred to as “precious metals”). The London precious metals markets operate on a principal-to-principal basis and have an international client base with a wide diversity of interests. The purpo ...
... and silver (collectively referred to as “bullion”) and platinum and palladium (collectively with bullion referred to as “precious metals”). The London precious metals markets operate on a principal-to-principal basis and have an international client base with a wide diversity of interests. The purpo ...
A Guide to the London Precious Metals Markets
... and silver (collectively referred to as “bullion”) and platinum and palladium (collectively with bullion referred to as “precious metals”). The London precious metals markets operate on a principal-to-principal basis and have an international client base with a wide diversity of interests. The purpo ...
... and silver (collectively referred to as “bullion”) and platinum and palladium (collectively with bullion referred to as “precious metals”). The London precious metals markets operate on a principal-to-principal basis and have an international client base with a wide diversity of interests. The purpo ...
OTC guide - London Bullion Market Association
... and silver (collectively referred to as “bullion”) and platinum and palladium (collectively with bullion referred to as “precious metals”). The London precious metals markets operate on a principal-to-principal basis and have an international client base with a wide diversity of interests. The purpo ...
... and silver (collectively referred to as “bullion”) and platinum and palladium (collectively with bullion referred to as “precious metals”). The London precious metals markets operate on a principal-to-principal basis and have an international client base with a wide diversity of interests. The purpo ...
The Market Microstructure Approach to Foreign Exchange: Looking
... the smaller banks (Lyons, 1998; Bjønnes and Rime 2005; Osler et al. 2011), whereas in equity and bond markets they are measured in days (Madhavan and Smidt 1993; Hansch et al. 1998). The dealers themselves trade actively with each other with interdealer trading accounting for over 60 percent of spot ...
... the smaller banks (Lyons, 1998; Bjønnes and Rime 2005; Osler et al. 2011), whereas in equity and bond markets they are measured in days (Madhavan and Smidt 1993; Hansch et al. 1998). The dealers themselves trade actively with each other with interdealer trading accounting for over 60 percent of spot ...
Market structures and systemic risks of exchange
... exchange-traded funds (ETFs), have existed since the early 1990s as a cost- and taxefficient alternative to mutual funds. The structuring of these funds initially shared common characteristics with that of mutual funds. In particular, the underlying index exposure that the ETF replicated was gained ...
... exchange-traded funds (ETFs), have existed since the early 1990s as a cost- and taxefficient alternative to mutual funds. The structuring of these funds initially shared common characteristics with that of mutual funds. In particular, the underlying index exposure that the ETF replicated was gained ...
Equilibrium Commodity Prices with Irreversible Investment and Non-Linear Technologies ∗
... is perfectly predictable, all financial asset prices must jump by the same amount to rule out arbitrage. However, we find that in equilibrium, oil prices do not satisfy this no-arbitrage condition. Of course, the apparent ‘arbitrage opportunity’ which arises at investment dates, subsists in equilibr ...
... is perfectly predictable, all financial asset prices must jump by the same amount to rule out arbitrage. However, we find that in equilibrium, oil prices do not satisfy this no-arbitrage condition. Of course, the apparent ‘arbitrage opportunity’ which arises at investment dates, subsists in equilibr ...
CHARACTERISTICS OF DERIVATIVES
... an asset at a specified fixed price with delivery at a specified future point in time. • The value of the contract at inception is zero and typically does not require an initial cash outlay. • The total change in the value of the forward contract is measured as the difference between the forward rat ...
... an asset at a specified fixed price with delivery at a specified future point in time. • The value of the contract at inception is zero and typically does not require an initial cash outlay. • The total change in the value of the forward contract is measured as the difference between the forward rat ...
stock comparison - MBA Projects
... These exchange do not work of its own, rather, these are run by some persons and with the help of some persons and institution. All these are down as functionaries on stock exchange. These are 1. Stockbrokers 2. sub-broker ...
... These exchange do not work of its own, rather, these are run by some persons and with the help of some persons and institution. All these are down as functionaries on stock exchange. These are 1. Stockbrokers 2. sub-broker ...
Long-Short Commodity Investing - EDHEC
... electricity, heating oil n°2, light sweet crude oil, natural gas), four livestock commodities (feeder cattle, frozen pork bellies, lean hogs, live cattle), five metal commodities (copper, gold, palladium, platinum, silver) and random length lumber. The positions of commercial and non-commercial trad ...
... electricity, heating oil n°2, light sweet crude oil, natural gas), four livestock commodities (feeder cattle, frozen pork bellies, lean hogs, live cattle), five metal commodities (copper, gold, palladium, platinum, silver) and random length lumber. The positions of commercial and non-commercial trad ...
Selling Time - CSInvesting
... What also makes today’s situation more precarious is the unprecedented degree to which the global economy has been “financialised.” This comes in a number of guises, such as the unprecedented volume of global speculative capital. While central banks have added more than US$ 10 trillion of new credit ...
... What also makes today’s situation more precarious is the unprecedented degree to which the global economy has been “financialised.” This comes in a number of guises, such as the unprecedented volume of global speculative capital. While central banks have added more than US$ 10 trillion of new credit ...
Derivatives and Volatility on Indian Stock Markets
... in the Indian markets a wider range of instruments are now available to investors. Introduction of derivative products, however, has not always been perceived in a positive light all over the world. It is, in fact, perceived as a market for speculators and concerns that it may have adverse impact on ...
... in the Indian markets a wider range of instruments are now available to investors. Introduction of derivative products, however, has not always been perceived in a positive light all over the world. It is, in fact, perceived as a market for speculators and concerns that it may have adverse impact on ...
Annex 7
... position within its trading book; 20.7. the extent to which the institution may transfer risk or positions between the non–trading and trading books and the criteria for such transfers. 21. An institution shall be entitled to include in the trading book positions the shares or the debt instruments w ...
... position within its trading book; 20.7. the extent to which the institution may transfer risk or positions between the non–trading and trading books and the criteria for such transfers. 21. An institution shall be entitled to include in the trading book positions the shares or the debt instruments w ...
Technical Analysis - SelectedWorks
... The aim of this paper is to apply the emerging discipline of behavioral finance to explore the decision making process and the utility of technical analysis when making investment decisions and allocating investment capital. This paper is organized into four sections. The first section succinctly tr ...
... The aim of this paper is to apply the emerging discipline of behavioral finance to explore the decision making process and the utility of technical analysis when making investment decisions and allocating investment capital. This paper is organized into four sections. The first section succinctly tr ...
Dollar Index
... History of the US dollar Index: The US Dollar Index was created by the US Federal Reserve in 1973 after the ending of the 1944 Bretton Woods agreement (where a system of fixed exchange rates existed with exchange rate (+/-1%) tied to gold). US Federal Reserve Bank began the calculation of the DXY In ...
... History of the US dollar Index: The US Dollar Index was created by the US Federal Reserve in 1973 after the ending of the 1944 Bretton Woods agreement (where a system of fixed exchange rates existed with exchange rate (+/-1%) tied to gold). US Federal Reserve Bank began the calculation of the DXY In ...
Contract Specifications for Option Contract on EURUSD
... USD 1 billion equivalent, whichever is higher. b) Position limits for other clients Gross open position across all contracts not to exceed 6% of the total open interest or USD 100 million equivalent, whichever is higher 1.18 Price Bands A contract specific price range based on its delta value comput ...
... USD 1 billion equivalent, whichever is higher. b) Position limits for other clients Gross open position across all contracts not to exceed 6% of the total open interest or USD 100 million equivalent, whichever is higher 1.18 Price Bands A contract specific price range based on its delta value comput ...
information circular: northern lights fund trust iv
... below an acceptable level, the security is removed from the Index and replaced with a higher scoring security. Under normal market conditions, the Fund invests at least 80% of its assets (defined as net assets plus borrowing for investment purposes) in foreign and domestic large capitalization equit ...
... below an acceptable level, the security is removed from the Index and replaced with a higher scoring security. Under normal market conditions, the Fund invests at least 80% of its assets (defined as net assets plus borrowing for investment purposes) in foreign and domestic large capitalization equit ...
Full article text
... Zurich. Reasons for these differences in forecasting styles between trading centers might be rooted in a variety of factors such as the centers' geographic location, their market size, currencies chiefly traded, or differences in traders' training, and require further examination. The fact that on t ...
... Zurich. Reasons for these differences in forecasting styles between trading centers might be rooted in a variety of factors such as the centers' geographic location, their market size, currencies chiefly traded, or differences in traders' training, and require further examination. The fact that on t ...
Predatory or Sunshine Trading? Evidence from Crude Oil ETF Rolls
... the markets, in that it causes prices to temporarily overshoot their longer-term equilibrium, and that the predator’s profits come at the expense of the other investor. In this paper, we study individual account trading strategies, overall liquidity levels, and price patterns around the time of larg ...
... the markets, in that it causes prices to temporarily overshoot their longer-term equilibrium, and that the predator’s profits come at the expense of the other investor. In this paper, we study individual account trading strategies, overall liquidity levels, and price patterns around the time of larg ...
For Whom the Bell Tolls: The Demise of Exchange
... 24. Id. at 242. Exchanges were also operating outside New York in Philadelphia, Boston, Chicago, and San Francisco. Id. at 245. The NYSE sought to discourage the curb traders by denying them access to its quotations, but the curb traders secretly drilled a hole in a wall at the exchange so that they ...
... 24. Id. at 242. Exchanges were also operating outside New York in Philadelphia, Boston, Chicago, and San Francisco. Id. at 245. The NYSE sought to discourage the curb traders by denying them access to its quotations, but the curb traders secretly drilled a hole in a wall at the exchange so that they ...
Commodity market
A 'commodity market' is a market that trades in primary rather than manufactured products. Soft commodities are agricultural products such as wheat, coffee, cocoa and sugar. Hard commodities are mined, such as gold and oil. Investors access about 50 major commodity markets worldwide with purely financial transactions increasingly outnumbering physical trades in which goods are delivered. Futures contracts are the oldest way of investing in commodities. Futures are secured by physical assets. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple form of derivative trading in the commodity market for centuries for price risk management.A financial derivative is a financial instrument whose value is derived from a commodity termed an underlier. Derivatives are either exchange-traded or over-the-counter (OTC). An increasing number of derivatives are traded via clearing houses some with Central Counterparty Clearing, which provide clearing and settlement services on a futures exchange, as well as off-exchange in the OTC market.Derivatives such as futures contracts, Swaps (1970s-), Exchange-traded Commodities (ETC) (2003-), forward contracts have become the primary trading instruments in commodity markets. Futures are traded on regulated commodities exchanges. Over-the-counter (OTC) contracts are ""privately negotiated bilateral contracts entered into between the contracting parties directly"".Exchange-traded funds (ETFs) began to feature commodities in 2003. Gold ETFs are based on ""electronic gold"" that does not entail the ownership of physical bullion, with its added costs of insurance and storage in repositories such as the London bullion market. According to the World Gold Council, ETFs allow investors to be exposed to the gold market without the risk of price volatility associated with gold as a physical commodity.