”Markets Have To Mirror Physics” – 1st EPEX Power Market...
On 5 and 6 October EPEX SPOT organised the 1st European Power Market Summit ("EPEX Summit") in Brussels, in cooperation with the Florence School of Regulation. More than 140 high-level stakeholders of...
View ArticleDeutsche Börse Cash Market: Six New BNP Paribas ETCs From Industrial...
Six new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra and Börse Frankfurt since Monday.read more...
View ArticleSIX Swiss Exchange Welcomes New Trading Participant
Today, SIX Swiss Exchange is pleased to welcome DRW Investments (UK) Limited as its third new participant in 2016. " SIX Swiss Exchange offers excellent trading conditions as well as premium products...
View ArticleMoscow Exchange: Risk Parameters For New Bonds
New bonds will be accepted to margin trading starting from October 18, 2016. From this date on, the following risk parameters will be applied:read more...
View Article“Inside The National Exam Program In 2016” Keynote Address By...
Thank you for that very kind introduction and for inviting me to speak today. Before I start, I must provide our standard disclaimer that the views I express today are my own and do not necessarily...
View ArticleWorld Federation Of Exchanges Responds To FSB’s Paper On CCP Resolution...
The World Federation of Exchanges (“WFE”), which represents more than 200 market infrastructure providers including exchanges and CCPs, today published its response to the Financial Stability Board’s...
View ArticleACER Invites Stakeholders To Provide Inputs For The Agency’s 2018 Work...
Alberto Pototschnig, Director of the EU Agency for the Cooperation of Energy Regulators, presented today the draft outline of the Agency’s 2018 Work Programme at a public workshop held in Ljubljana. In...
View ArticleSpeech By Federal Reserve Vice Chairman Stanley Fischer At The Economic Club...
I am grateful to the Economic Club of New York for inviting me to speak today. My subject is the historically low level of interest rates, a topic not far from the minds of many in this audience and of...
View ArticleThe U.S Ambassador Visits The Amman Stock Exchange
The Chairman of the ASE Board of Directors Marwan Bataieneh received the US Ambassador to the Kingdom Alice Wells in the presence of the CEO of the ASE Nader Azar, and a number of the ASE employees....
View ArticleFINRA Fines Merrill Lynch $2.8 Million For Systemic Reporting, Books And...
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner and Smith Inc. $2.8 million for systemic trade reporting, Order Audit Trail System...
View ArticleCFTC Issues Final Order To Exempt Certain Specified Transactions Of Southwest...
The U.S. Commodity Futures Trading Commission (CFTC) today approved a final order in response to a petition from Southwest Power Pool, Inc. (SPP), a Regional Transmission Organization (RTO) regulated...
View ArticleSEC Charges Bank Leumi With Conducting Unregistered U.S. Cross-Border Business
The Securities and Exchange Commission today announced that Israeli-based Bank Leumi has agreed to pay $1.6 million and admit wrongdoing to settle charges that it provided investment advice and induced...
View ArticleTreasury International Capital Data For August
The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for August 2016. The next release, which will report on data for September 2016, is scheduled for November...
View ArticleStatement Of CFTC Chairman Timothy Massad On The Southwest Power Pool Final...
I support this order, which comes after careful review of the issue, including comments from many market participants.read more...
View ArticleStatement By Department of Financial Services Superintendent Maria T. Vullo...
Yesterday the Department of Financial Services (DFS) issued a report finding that the New York State Common Retirement Fund (CRF), managed by the New York State Comptroller as sole trustee, for years...
View ArticleApproximate pricing of European and Barrier claims in a local-stochastic...
We derive asymptotic expansions for the prices of a variety of European and barrier-style claims in a general local-stochastic volatility setting. Our method combines Taylor series expansions of the...
View ArticleTwo approaches to modeling the interaction of small and medium price-taking...
The paper presents two new approaches to modeling the interaction of small and medium pricetaking traders with a stock exchange. In the framework of these approaches, the traders can form and manage...
View Article"Butterfly Effect" vs Chaos in Energy Futures Markets....
In this paper we test for the sensitive dependence on initial conditions (the so called "butterfly effect") of energy futures time series (heating oil, natural gas), and thus the determinism of those...
View ArticlePrice Dynamics Via Expectations, and the Role of Money Therein....
Beyond its obvious macro-economic relevance, fiat money has important micro-economic implications. They matter for addressing No. 8 in Smale's "Mathematical Problems for the Next Century": extend the...
View ArticleGeneralization error minimization: a new approach to model evaluation and...
We study model evaluation and model selection from the perspective of generalization ability (GA): the ability of a model to predict outcomes in new samples from the same population. We believe that GA...
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