FINRA Announces CEO Transition - Taps Former SEC Director Of The Division Of...
The Financial Industry Regulatory Authority (FINRA) today announced that its Board of Governors has concluded the CEO search, and appointed Robert W. Cook as President and Chief Executive Officer,...
View ArticleSEC Chair Mary Jo White Statement On FINRA's Appointment Of Robert Cook As CEO
I want to congratulate FINRA and Robert Cook on his selection as President and Chief Executive Officer. Robert served the Securities and Exchange Commission with great distinction, advancing a wide...
View ArticleAnnual Russell US Index Reconstitution Period Begins With Posting Of...
On Friday June 10, leading global index provider FTSE Russell posted its official preliminary lists of companies expected to enter or leave the U.S. broad-market Russell 3000 Index and the Russell...
View ArticleInternational Securities Exchange Surpasses 50 Million Contracts Traded...
The International Securities Exchange (ISE) today announced that trading of multi-legged strategy orders through its Implied Order* functionality has exceeded 50 million contracts. ISE’s Implied Order...
View ArticleCFTC Financial Data For Futures Commission Merchants Update
Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) must file monthly financial reports with the CFTC's Division of Swap Dealer and Intermediary Oversight (DSIO) within 17...
View ArticleTechnological Innovation In The Financial Sector - Autorité Des...
The Autorité des marchés financiers (the “AMF”) has announced the creation of a fintech working group. Its primary mandate is to analyze technological innovations in the financial sector and anticipate...
View ArticleBritish Columbia Securities Commission Releases 2016 Annual Compliance Report...
The British Columbia Securities Commission (BCSC) today published its 2016 Annual Compliance Report Card. The report card summarizes the compliance strengths and weaknesses found in B.C.-based...
View ArticleNew York State Department of Financial Services Grants Virtual Currency...
Maria T. Vullo, Acting Superintendent of Financial Services, today announced that the New York State Department of Financial Services (DFS) has approved the application of XRP II, LLC, an affiliate of...
View ArticleHSBC Entities Settle With British Columbia Securities Commission For Charging...
In a settlement agreement with the British Columbia Securities Commission (BCSC), HSBC Investment Funds (Canada) Inc. (HIFC) and HSBC Private Wealth Services (Canada) Inc. (HPWS) have agreed they...
View ArticleMIAX Options Exchange: MIAX Options - Introducing Additional Report Types
The MIAX Options Exchange is pleased to announce that beginning with the June 2016 billing period, MIAX is introducing the following new reports/transmissions:read more...
View ArticleThe Sound of Silence: equilibrium filtering and optimal censoring in...
Following the approach of standard filtering theory, we analyse investor-valuation of firms, when these are modelled as geometric-Brownian state processes that are privately and partially observed, at...
View ArticleKolmogorov Space in Time Series Data. (arXiv:1606.03901v1 [q-fin.MF])
We provide the proof that the space of time series data is a Kolmogorov space with $T_{0}$-separation axiom using the loop space of time series data. In our approach we define a cyclic coordinate of...
View ArticleExact Smooth Term Structure Estimation. (arXiv:1606.03899v1 [q-fin.MF])
We introduce a novel method to estimate the discount curve from market quotes based on the Moore-Penrose pseudoinverse such that 1) the market quotes are exactly replicated, 2) the curve has maximal...
View ArticleMean field games of timing and models for bank runs. (arXiv:1606.03709v1...
The goal of the paper is to introduce a set of problems which we call mean field games of timing. We motivate the formulation by a dynamic model of bank run in a continuous-time setting. We briefly...
View ArticleUnravelling the Asymmetric Volatility Puzzle: A Novel Explanation of...
This paper discusses a novel explanation for asymmetric volatility based on the anchoring behavioral pattern. Anchoring as a heuristic bias causes investors focusing on recent price changes and price...
View ArticleIncentivizing Resilience in Financial Networks. (arXiv:1606.03595v1 [q-fin.EC])
When banks extend loans to each other, they generate a negative externality in the form of systemic risk. They create a network of interbank exposures by which they expose other banks to potential...
View ArticleNew Case Study Published
Professor Roger Anderson and I have published a new case study titled, "Belmont Abbey College: Strategy Formulation in Turbulent Times." The case is available from Ivey Business Cases and soon will...
View ArticleNigerian Stock Exchange Reviews Composition Of Market Indices
The Nigerian Stock Exchange (NSE) has announced the expected review of the NSE 30, and the six sectoral indices of the Exchange, which are NSE Consumer Goods, NSE Banking, NSE Insurance, NSE...
View ArticleMicrosoft Acquires LinkedIn: Separate or Together?
Chris O'Brien has written a thought-provoking piece for Venture Beat about the Microsoft acquisition of LinkedIn. O'Brien has a bearish outlook on the deal. In his article, he cites many reasons...
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