Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for the trading of exchange-traded funds (ETFs), today welcomed four new ETFs from WisdomTree to its U.S. market.
read more...Bats Welcomes Four New WisdomTree ETFs - New ETFs Begin Trading Today On The Bats ETF Marketplace
↧
↧
Irish Stock Exchange: Spanish Company Sacyr Lists Its First Bond From â¬300m ECP Programme
Sacyr, the global infrastructures and services’ company, headquartered in Madrid has issued its first bond from its €300m European commercial paper (ECP) programme listed on the Main Securities Market (MSM) of the Irish Stock Exchange (ISE).
read more...↧
EEX To Change The Underlying Of Futures On Dry Bulk Trip Time Charter Routes
On 28 April 2016, EEX will change the underlying for its Futures on Dry Bulk Trip Time Charter Routes.
read more...↧
London Stock Exchange Group Plc Clarification Statement - Portfolio Margining Service Between LSEG And Deutsche Börse AG
During the Q1 2016 investor call held on 27 April 2016, a research analyst asked the Chief Financial Officer of London Stock Exchange Group ("LSEG") a question in relation to the potential for regulatory capital relief through portfolio margining, in connection with the introduction of a portfolio margining service between LSEG and Deutsche Börse AG ("DBAG").
read more...↧
AgriClear Announces Collaboration With Canadian Beef Breeds Council - New Collaborative Relationship Will Promote Canadian Purebred Cattle Across North America Via Web-Based Platform
AgriClear, North America's premier online transaction and payment platform for cattle buyers and sellers, today announced it is entering into a collaborative marketing agreement with The Canadian Beef Breeds Council (CBBC), an umbrella organization representing the purebred cattle sector in Canada.
read more...↧
↧
Nasdaq Welcomes Yintech Investment Holdings Limited (Nasdaq: YIN) To The Nasdaq Stock Market
Nasdaq (Nasdaq:NDAQ) announced that trading of Yintech Investment Holdings Limited (“Yintech”) (Nasdaq:YIN) commenced on The Nasdaq Stock Market on April 27, 2016.
read more...↧
Securities Regulators In New Brunswick, Nova Scotia And Saskatchewan Sign Cooperation Agreement With The U.S. Commodity Futures Trading Commission
The New Brunswick Financial and Consumer Services Commission (FCNB), the Nova Scotia Securities Commission (NSSC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) announced today that they have each signed separate Counterparts to a Memorandum of Understanding (MOU) with the U.S. Commodity Futures Trading Commission (CFTC) to Enhance Supervision of Cross-Border Regulated Entities.
read more...↧
Remarks At The Meeting Of The Equity Market Structure Advisory Committee, SEC Commissioner Kara M. Stein, April 26, 2016
Good morning and welcome to this meeting of the Equity Market Structure Advisory Committee. Today’s agenda covers two recommendations that have come from the hard work of two of the Committee’s subcommittees.
read more...↧
SIFMA Statement On CAT Plan Proposed By SEC
SIFMA today released the following statement from Randy Snook, executive vice president, business policies and practices, after the Securities and Exchange Commission (SEC) issued for comment a proposed National Market System (NMS) Plan for the Consolidated Audit Trail (CAT):
read more...↧
↧
CFTC Swaps Report Update
↧
Convex Hedging in Incomplete Markets. (arXiv:1604.08070v1 [q-fin.MF])
In incomplete financial markets not every contingent claim can be replicated by a self-financing strategy. The risk of the resulting shortfall can be measured by convex risk measures, recently introduced by F\"ollmer, Schied (2002). The dynamic optimization problem of finding a self-financing strategy that minimizes the convex risk of the shortfall can be split into a static optimization problem and a representation problem. It follows that the optimal strategy consists in superhedging the modified claim $\widetilde{\varphi}H$, where $H$ is the payoff of the claim and $\widetilde{\varphi}$ is the solution of the static optimization problem, the optimal randomized test.
read more...↧
On Dynamic Deviation Measures and Continuous-Time Portfolio Optimisation. (arXiv:1604.08037v1 [math.PR])
In this paper we propose the notion of dynamic deviation measure, as a dynamic time-consistent extension of the (static) notion of deviation measure. To achieve time-consistency we require that a dynamic deviation measures satisfies a generalised conditional variance formula. We show that, under a domination condition, dynamic deviation measures are characterised as the solutions to a certain class of backward SDEs. We establish for any dynamic deviation measure an integral representation, and derive a dual characterisation result in terms of additively $m$-stable dual sets. Using this notion of dynamic deviation measure we formulate a dynamic mean-deviation portfolio optimisation problem in a jump-diffusion setting and identify a subgame-perfect Nash equilibrium strategy that is linear as function of wealth by deriving and solving an associated extended HJB equation.
↧
On the Surprising Explanatory Power of Higher Realized Moments in Practice. (arXiv:1604.07969v1 [stat.AP])
Realized moments of higher order computed from intraday returns are introduced in recent years. The literature indicates that realized skewness is an important factor in explaining future asset returns. However, the literature mainly focuses on the whole market and on the monthly or weekly scale. In this paper, we conduct an extensive empirical analysis to investigate the forecasting abilities of realized skewness and realized kurtosis towards individual stock's future return and variance in the daily scale. It is found that realized kurtosis possesses significant forecasting power for the stock's future variance. In the meanwhile, realized skewness is lack of explanatory power for the future daily return for individual stocks with a short horizon, in contrast with the existing literature.
↧
↧
Computershare And SETL Demonstrate Australiaâs First Working Blockchain Solution
Computershare (CPU:ASX) and SETL have today demonstrated Australia’s first working blockchain solution at Computershare’s annual Investor and Analyst day.
read more...↧
Dalian Commodity Exchange: Notice On Adjusting The Trading Fee Rates Of The Metallurgical Coke And Several Other Futures Products
It is decided upon discussion that starting from April 27, 2016,
1. The trading fee rate of the metallurgical coke and coking coal futures will be adjusted from 0.018% to 0.036% of the turnover.
2. The trading fee rate of the iron ore futures will be adjusted from 0.018% to 0.03% of the turnover.
3. The trading fee rate of the PP futures will be adjusted from 0.018% to 0.024% of the turnover.
↧
Japan Exchange Group: Consolidated Financial Results For The Fiscal Year Ended March 31, 2016
In the fiscal year ended March 31, 2016 (from April 1, 2015 to March 31, 2016), the Group recorded operating revenue of ¥114,776 million (8.1% increase from the same period of the previous fiscal year (i.e.year-on-year)) due to factors such as increases in cash equity trading value and derivatives trading volume compared with the previous year, while, operating expenses were ¥50,925 million (3.7%year-on-year decrease) . As a result, the Group recorded operating income of ¥66,271 million (23.8% year-on-year increase) and income before income tax of ¥67,774 million (23.5% year-on-year increase). In addition, net income attributable to owners of the parent company after tax was ¥44,877 million (30.4% year-on-year increase).
read more...↧
ASIC: ABN AMRO Clearing Sydney Pty Ltd Pays $45,000 Infringement Notice Penalty
ABN AMRO Clearing Sydney Pty Ltd ("ABN AMRO") has paid a penalty of $45,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel ("MDP").
read more...↧
↧
Euronext Expands ETF Activity To London
Euronext has extended its range of ETF listing and trading venues to London, enabling ETF issuers to access the UK investor base alongside its existing Eurozone trading and distribution network. Further benefits to issuers include competitive pricing, superior European cross listing efficiency and reduced time to market. Lyxor today listed the first two ETFs on Euronext London, the Lyxor UCITS ETF FTSE EPRA/NAREIT Global Developed and the Lyxor UCITS ETF Euro Stoxx Banks .
read more...↧
Workshop On The New BM&FBOVESPA Clearinghouse And Its Margining Methodology
In another venture to develop the financial and capital markets, BM&FBOVESPA will hold the Workshop on The New BM&FBOVESPA Clearinghouse and its Margining Methodology in London (May 9, 2016) and New York (May 11, 2016) from 2:00 p.m. to 6:30 p.m.
read more...↧
TMX Insights Launches Fixed Income Terms & Conditions (FITC) Service
TMX Insights today announced the launch of its Fixed Income Terms & Conditions (FITC) service. This new product was designed to increase transparency and benefit investors, enhance accuracy of valuations for investors in Canadian fixed income securities, and improve the quality and integrity of client databases.
read more...↧
More Pages to Explore .....