Thursday, February 23, 2012

MoneyScience News

MoneyScience News


Blog Post: TheAlephBlog: Five Years at the Aleph Blog!

Posted: 23 Feb 2012 03:17 AM PST

When Jim Cramer asked me to write for RealMoney, it was a dream come true, and I didn’t ask for it.  After year of writing him on bond issues, he told me I wrote better than most he knew.  Trouble was, in 2003, I had a new job at a hedge fund, and was doing well at it.  It took some doing, but eventually my boss (a good guy, generally) agreed that I could do it, and my public writing on...

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Blog Post: HighFrequencyTradingReview: OptionsCity Software integrates with Lightspeed Trading for a robust trading solution

Posted: 23 Feb 2012 03:01 AM PST

The incorporation of OptionsCity and LST will provide a solution for equity and options traders to access the marketplace more efficiently. OptionsCity’s award-winning options trading platform, Metro, will now integrate with LST's proprietary technology environment enabling traders to create and execute complex trading strategies across many markets.read more...

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Blog Post: RobertPestonBlog: RBS: 'Two more years of pain'

Posted: 23 Feb 2012 02:49 AM PST

It matters to all of us that RBS is returned to health, because we as taxpayers invested more than £45bn in the bank to prevent it going bust, and at the current RBS share price we are currently sitting on a loss of £20bn on that investment.read more...

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Blog Post: FINalternatives: Hong Kong Regulator Wins Tiger Asia Appeal

Posted: 23 Feb 2012 02:34 AM PST

New York hedge fund Tiger Asia Management will have to continue its fight with Hong Kong regulators after its court victory last year was overturned on appeal. The city's Court of Appeal ruled that the Hong Kong Securities and Futures Commission can sue to have Tiger Asia and its principals barred from trading, and to have the hedge fund's assets frozen.read more...

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Bye or buy - live at 12.45pm today

Posted: 23 Feb 2012 01:17 AM PST

Blog Post: TheFinancialServicesClub: A cashless, cardless bank

Posted: 23 Feb 2012 12:50 AM PST

A short blog today, but a challenging one.read more...

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RBS reports £2bn loss in 2011, fourth since bailout http://t.co/Sensru8v #tcm

Posted: 23 Feb 2012 12:36 AM PST

moneyscience: RBS reports £2bn loss in 2011, fourth since bailout http://t.co/Sensru8v #tcm

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The Financial Education Daily is out! http://t.co/TYlzia3F ⸠Top stories today via @mcgillu

Posted: 22 Feb 2012 11:35 PM PST

BusinessSchools: The Financial Education Daily is out! http://t.co/TYlzia3F â–¸ Top stories today via @mcgillu

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Loose Wires: It seems the faster-than-light neutrino results announced last year was due to a mistake after all. http://t.co/EIRwdrfu #tcm

Posted: 22 Feb 2012 11:35 PM PST

moneyscience: Loose Wires: It seems the faster-than-light neutrino results announced last year was due to a mistake after all. http://t.co/EIRwdrfu #tcm

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Blog Post: PsyFiBlog: The Curse Of Seven

Posted: 22 Feb 2012 11:27 PM PST

I’d like you to memorise a number for me. The number is 111011101001101010010. Easy, huh? Now, read on. Shouting at the Plastic We humans have many unusual traits. We’re the only mammal that can’t swim when it's born, the only mammal whose male can’t tell when its female is fertile, we have large brains which we habitually attack with fermented grains, we walk upright other than in...

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Cass News: Breaking the glass silo - does the voluntary sector hold the key to reaching board gender targets? http://t.co/gKfaFDc1

Posted: 22 Feb 2012 10:46 PM PST

BusinessSchools: Cass News: Breaking the glass silo - does the voluntary sector hold the key to reaching board gender targets? http://t.co/gKfaFDc1

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Blog Post: Falkenblog: Religion in Politics

Posted: 22 Feb 2012 06:24 PM PST

All this discussion about Santorum's religious beliefs reminded me of a remark in a famous speech on existentialism by the German-American philosopher Walter Kaufmann back in 1960. In "Kierkegaard and the Crisis in Religion" he makes this point (around 51:00):[People today think] that one ought to have some faith in some organized religion, but let me be blunt, not take it seriously......I...

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Blog Post: AllAboutAlpha: American Healthcare: Under All the Noise, Psilos Finds Cost-Effective Solutions

Posted: 22 Feb 2012 05:36 PM PST

Lisa Suennen of Psilos Group discusses the new wave in healthcare venture capital: improved care quality while reducing costs.

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Published / Preprint: Assessing market uncertainty by means of a time-varying intermittency parameter for asset price fluctuations. (arXiv:1202.4877v1 [q-fin.ST])

Posted: 22 Feb 2012 05:30 PM PST

Maximum likelihood estimation applied to high-frequency data allows us to quantify intermittency in the fluctu- ations of asset prices. From time records as short as one month these methods permit extraction of a meaningful intermittency parameter {\lambda} characterising the degree of volatility clustering of asset prices. We can therefore study the time evolution of volatility clustering...

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Published / Preprint: Active margin system for margin loans and its application in Chinese market: using cash and randomly selected stock as collateral. (arXiv:1202.4913v1 [q-fin.RM])

Posted: 22 Feb 2012 05:30 PM PST

An active margin system for margin loans is proposed for Chinese margin lending market, which uses cash and randomly selected stock as collateral. The conditional probability of negative return(CPNR) after a forced sale of securities from under-margined account in a falling market is used to measure the risk faced by the brokers, and the margin system is chosen under the constraint of the risk...

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Published / Preprint: Quantum decision making by social agents. (arXiv:1202.4918v1 [physics.soc-ph])

Posted: 22 Feb 2012 05:30 PM PST

Decision making of agents who are members of a society is analyzed from the point of view of quantum decision theory. This generalizes the approach, developed earlier by the authors for separate individuals, to decision making under the influence of social interactions. The generalized approach not only avoids paradoxes, typical of classical decision making based on utility theory, but also...

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Blog Post: FinanceClippings: The strange world of high speed trading.

Posted: 22 Feb 2012 03:04 PM PST

An interesting Wired Magazine article.  Thanks Mark (one of my students).

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Blog Post: InstituteforNewEconomicThinking: Alexander Field: A Great Leap Forward - Productivity Growth During the Great Depression

Posted: 22 Feb 2012 02:32 PM PST

Alexander Field offers a new take on postwar prosperity in the United States. While public spending during the Second World War is often credited with laying the foundation for postwar growth, Field suggests this foundation had long been laid. In fact, in this INET interview with Rob Johnson he says productive capacity increased tremendously in the years preceding the war, and that fact –...

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Blog Post: EconometricsBeat: A Trick With Regression Residuals

Posted: 22 Feb 2012 12:49 PM PST

Suppose that you've estimated an econometric model and you want to test the residuals for serial independence, or perhaps for homoskedasticity. The trouble is that for the model and estimator that you;ve used, your favourite computer package doesn't provide such tests. Is there a quick way of "tricking" the package into giving you the information that you want? Yes, there is. I'll show...

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Blog Post: frontrunthedelta: WTI Forward Curve Update & Physical News - 22 Feb 2012

Posted: 22 Feb 2012 12:48 PM PST

The front 12 months are particularly curious.  Some news clippings this week: Feb 22, via Reuters: "Sentiment in the Asia-Pacific crude market firmed on Wednesday, with Australia's Enfield crude expected to fetch double-digit premiums due to tight supplies. One cargo of April-lifting Enfield, which was delayed from March, being offered and could trade at a record premium above $10 to dated...

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Blog Post: TheReformedBroker: Chart o' the Day: The Economic Surprise Rollercoaster

Posted: 22 Feb 2012 12:45 PM PST

Chart.

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RT @QFINANCEnews: China tacks hard to avoid a hard landing http://t.co/c9AlNDqY

Posted: 22 Feb 2012 11:13 AM PST

moneyscience: RT @QFINANCEnews: China tacks hard to avoid a hard landing http://t.co/c9AlNDqY

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101 @Linkedin Groups for Financial Professionals - http://t.co/AT4kUGii #finance #quant #tcm

Posted: 22 Feb 2012 09:14 AM PST

moneyscience: 101 @Linkedin Groups for Financial Professionals - http://t.co/AT4kUGii #finance #quant #tcm

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Breaking the glass silo - does the voluntary sector hold the key to reaching board gender targets?

Posted: 22 Feb 2012 08:50 AM PST

New seminar series highlights long-ignored talent pool

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Profile: Edward A. Snyder, New Dean of the Yale School of Management http://t.co/FrS8NFxf - @yalesom

Posted: 22 Feb 2012 08:44 AM PST

BusinessSchools: Profile: Edward A. Snyder, New Dean of the Yale School of Management http://t.co/FrS8NFxf - @yalesom

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Warwick Business School and the Royal Shakespeare Company - http://t.co/F6LzjLfr @WarwickBSchool

Posted: 22 Feb 2012 08:44 AM PST

BusinessSchools: Warwick Business School and the Royal Shakespeare Company - http://t.co/F6LzjLfr @WarwickBSchool

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Business school dean: Rutgers-Rowan merger âstarted off with the wrong question' - http://t.co/GaOULX6W

Posted: 22 Feb 2012 08:44 AM PST

BusinessSchools: Business school dean: Rutgers-Rowan merger ‘started off with the wrong question' - http://t.co/GaOULX6W

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Some confusion over the suggestion that Graduate Advisers are unaware of changes in #GMAT http://t.co/C9VAvRwj

Posted: 22 Feb 2012 08:44 AM PST

BusinessSchools: Some confusion over the suggestion that Graduate Advisers are unaware of changes in #GMAT http://t.co/C9VAvRwj

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Pretty cool: Information Security MBA's teach business side of Cybersecurity & train grads to handle security breaches. http://t.co/qjOAmJKf

Posted: 22 Feb 2012 08:44 AM PST

BusinessSchools: Pretty cool: Information Security MBA's teach business side of Cybersecurity & train grads to handle security breaches. http://t.co/qjOAmJKf

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#MBA Courses Increasingly Address Real-Time News: Students are introducing timelier conversations. http://t.co/HFNlfHFh

Posted: 22 Feb 2012 08:44 AM PST

BusinessSchools: #MBA Courses Increasingly Address Real-Time News: Students are introducing timelier conversations. http://t.co/HFNlfHFh

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Lesser known business schools in India are asking students to look out for jobs on their own. http://t.co/0Vlk2f3W

Posted: 22 Feb 2012 08:44 AM PST

BusinessSchools: Lesser known business schools in India are asking students to look out for jobs on their own. http://t.co/0Vlk2f3W

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On #MBA Inflation, Execs suggest Business Doctorates which they say provide the exclusivity MBA's once offered - http://t.co/k83l8woP

Posted: 22 Feb 2012 08:44 AM PST

BusinessSchools: On #MBA Inflation, Execs suggest Business Doctorates which they say provide the exclusivity MBA's once offered - http://t.co/k83l8woP

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Tune in over on @businessschools for our latest batch of business education links. And there's plenty more here: http://t.co/2tp9RK02 #tcm

Posted: 22 Feb 2012 08:44 AM PST

BusinessSchools: Tune in over on @businessschools for our latest batch of business education links. And there's plenty more here: http://t.co/2tp9RK02 #tcm

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Is there a Dopamine Fallacy?

Posted: 22 Feb 2012 07:56 AM PST

History Squared is a great blog which covers behavioural finance, hedge funds, macro themes and trading systems, subjects which are all very close to our hearts at MoneyScience. In this pointed post they take a sharp look at some recent research featured on MoneyScience a few weeks ago, and which was since covered in a WSJ article titled: The Wall Street Gene: What makes a top trader?...

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Are economics graduates fit for purpose? http://t.co/7AKVqwqV - - Diane Coyle - diane1859

Posted: 22 Feb 2012 07:02 AM PST

BusinessSchools: Are economics graduates fit for purpose? http://t.co/7AKVqwqV - - Diane Coyle - diane1859

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Are economics graduates fit for purpose?

Posted: 22 Feb 2012 06:43 AM PST

read more...

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Google partners with London Stock Exchange to offer live London stock prices for free

Posted: 22 Feb 2012 05:53 AM PST

Georgina Prodhan and Luke Jeffs write at Reutersread more...

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