FINRA Names Stephen M. Cutler To Board Of Governors
The Financial Industry Regulatory Authority (FINRA) has named a new Large-Firm Governor – Stephen M. Cutler, Vice Chairman of JPMorgan Chase & Co. – to its Board of Governors. Cutler was appointed...
View ArticleSEC: Firm Charged With Misleading Investors About Binary Options Profitability
The Securities and Exchange Commission today announced that an Israeli-based firm must pay more than $1.7 million for misleading investors into trading binary options over the internet, and the agency...
View ArticleOptimal Trade Execution with Instantaneous Price Impact and Stochastic...
We study an optimal execution problem in illiquid markets with both instantaneous and persistent price impact and stochastic resilience when only absolutely continuous trading strategies are...
View ArticleDistributional Mellin calculus in $\mathbb{C}^n$, with applications to...
We discuss several aspects of Mellin transform, including distributional Mellin transform and inversion of multiple Mellin-Barnes integrals in $\mathbb{C}^n$ and its connection to residue expansion or...
View ArticleAsynchronous ADRs: Overnight vs Intraday Returns and Trading Strategies....
American Depositary Receipts (ADRs) are exchange-traded certificates that rep- resent shares of non-U.S. company securities. They are major financial instruments for investing in foreign companies....
View ArticleMontréal Exchange Interest Rate Derivative Market Closed Today,...
The interest rate derivative market is closed today, November 11, 2016 (Remembrance Day).
View ArticleCME Group CEO Phupinder Gill Announces Retirement - Board Expands Role Of...
CME Group today announced that its Chief Executive Officer Phupinder Gill has informed the Company's Board of Directors that he is retiring from the organization and Board, at year end, December 31,...
View ArticleOffice of Financial Research Update: "Do Higher Capital Standards Always...
The OFR released a working paper today entitled, "Do Higher Capital Standards Always Reduce Bank Risk? The Impact of the Basel Leverage Ratio on the U.S. Triparty Repo Market.” This paper examines how...
View ArticleCalPERS Joins Global Sustainability Benchmark For Real Assets Program - GRESB...
The California Public Employees' Retirement System (CalPERS) today announced external real estate managers within the Fund's Real Assets Program will begin reporting into GRESB, formerly the Global...
View ArticleThinkMarkets Launch German Website
ThinkMarkets, a global multi asset brokerage, have today launched their new German website, catering to the requirements of the German speaking FX trading community.read more...
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Opening Bell Ceremony At TASE, Homering The Global Entrepreneurship Week
Yesterday morning (13.11.16), the Global Entrepreneurship Network participated in the Opening Bell Ceremony, celebrating the opening of the "Global Entrepreneurship Week", held in 160 countries across...
View ArticleEffectiveness Of The AML Regime In Disrupting Financial Crime - Opening...
Speaker: Rob Gruppetta, Head of the Financial Crime DepartmentEvent: FCA Financial Crime Conference, LondonDelivered: 10 November 2016Note: this is the speech as drafted and may differ from delivered...
View ArticleESMA Asks Commission To Delay Central Clearing For Small Financial...
The European Securities and Markets Authority (ESMA) has published today its final report regarding the amended application of the clearing obligation that financial counterparties with a limited...
View ArticleFighting Financial Crime – Looking Forward And Back - Speech By Andrew...
Speaker: Andrew Bailey, Chief ExecutiveEvent: FCA Financial Crime Conference, LondonDelivered: 10 November 2016Note: this is the speech as drafted and may differ from delivered versionread more...
View ArticleESMA: Final Report On The Clearing Obligation For Financial Counterparties...
Executive Summary read more...
View ArticleThe Competitive Effects of Information Sharing -- by John Asker, Chaim...
We investigate the impact of information sharing between rivals in a dynamic auction with asymmetric information. Firms bid in sequential auctions to obtain inputs. Their inventory of inputs,...
View ArticleThe Evolution of Health Insurer Costs in Massachusetts, 2010-12 -- by Kate...
We analyze the evolution of health insurer costs in Massachusetts between 2010-2012, a period in which the use of physician cost control incentives spread among insurers. We show that the growth of...
View ArticleThe Economic Contribution of Unauthorized Workers: An Industry Analysis -- by...
This paper provides a quantitative assessment of the economic contribution of unauthorized workers to the U.S. economy, and the potential gains from legalization. We employ a theoretical framework that...
View ArticleWorld Shocks, World Prices, and Business Cycles: An Empirical Investigation...
Most existing studies of the macroeconomic effects of global shocks assume that they are mediated by a single intratemporal relative price such as the terms of trade and possibly an intertemporal price...
View ArticleScreening in Contract Design: Evidence from the ACA Health Insurance...
By steering patients to cost-effective substitutes, the tiered design of prescription drug formularies can improve the efficiency of healthcare consumption in the presence of moral hazard. However, a...
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