Friday, March 9, 2012

MoneyScience News

MoneyScience News


How Many MBA Applications Is Too Many? http://t.co/1lXhzJyM

Posted: 09 Mar 2012 04:29 AM PST

BusinessSchools: How Many MBA Applications Is Too Many? http://t.co/1lXhzJyM

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Business Schools With The Most Competitive Students - http://t.co/UcmS35gJ

Posted: 09 Mar 2012 04:29 AM PST

BusinessSchools: Business Schools With The Most Competitive Students - http://t.co/UcmS35gJ

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Social Networking, Personality Ratings, & the Organizational Context: More Than Meets the Eye http://t.co/rrWZlKKp #socialmedia @wb_finance

Posted: 09 Mar 2012 04:29 AM PST

BusinessSchools: Social Networking, Personality Ratings, & the Organizational Context: More Than Meets the Eye http://t.co/rrWZlKKp #socialmedia @wb_finance

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RT @diegoramosflor: RT @SSRN: [Q&A] What exactly is "Sustainability Research"? http://t.co/vyLLHMhw John Peters explains @GSEresearch

Posted: 09 Mar 2012 04:29 AM PST

BusinessSchools: RT @diegoramosflor: RT @SSRN: [Q&A] What exactly is "Sustainability Research"? http://t.co/vyLLHMhw John Peters explains @GSEresearch

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RT @FOCproject: How is financial instability similar to, say, an earthquake? Mauro Gallegati explains. http://t.co/6X2RPyLX http://t.co ...

Posted: 09 Mar 2012 04:15 AM PST

moneyscience: RT @FOCproject: How is financial instability similar to, say, an earthquake? Mauro Gallegati explains. http://t.co/6X2RPyLX http://t.co ...

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NYSE holds fire on #HFT charges as volumes dip - http://t.co/nI6xSYrt #tcm

Posted: 09 Mar 2012 04:15 AM PST

moneyscience: NYSE holds fire on #HFT charges as volumes dip - http://t.co/nI6xSYrt #tcm

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Via @Matt_Davey - Inside Reference Data - Counterparty Risk Webcast http://t.co/FcTfNqG3 #tcm #risk

Posted: 09 Mar 2012 04:15 AM PST

moneyscience: Via @Matt_Davey - Inside Reference Data - Counterparty Risk Webcast http://t.co/FcTfNqG3 #tcm #risk

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Very interesting via @FelixSalmon- some very good reasons why clients hire conflicted investment banks http://t.co/YX21TRIU #tcm

Posted: 09 Mar 2012 04:15 AM PST

moneyscience: Very interesting via @FelixSalmon- some very good reasons why clients hire conflicted investment banks http://t.co/YX21TRIU #tcm

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@psyfitec offers a Manifesto For a Low-Growth World - http://t.co/iUH1nvQo #tcm

Posted: 09 Mar 2012 04:15 AM PST

moneyscience: @psyfitec offers a Manifesto For a Low-Growth World - http://t.co/iUH1nvQo #tcm

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RT @diegoramosflor: RT @SSRN: [Q&A] What exactly is "Sustainability Research"? http://t.co/doLTlukx John Peters explains @GSEresearch

Posted: 09 Mar 2012 04:15 AM PST

moneyscience: RT @diegoramosflor: RT @SSRN: [Q&A] What exactly is "Sustainability Research"? http://t.co/doLTlukx John Peters explains @GSEresearch

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Research Library: A Comprehensive Look at Financial Volatility Prediction by Economic Variables (pdf)

Posted: 09 Mar 2012 04:03 AM PST

Charlotte Christiansen, Maik Schmeling and Andreas Schrimpf   Abstract We investigate if asset return volatility is predictable by macroeconomic and financial variables and shed light on the economic drivers of financial volatility. Our approach is distinct due to its comprehensiveness: First, we employ a data-rich forecast methodology to handle a large set of potential predictors in a...

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Via @Matt_Davey - Inside Reference Data - Counterparty Risk Webcast http://t.co/aMFRoqhG #tcm #risk

Posted: 09 Mar 2012 03:47 AM PST

fin_tech: Via @Matt_Davey - Inside Reference Data - Counterparty Risk Webcast http://t.co/aMFRoqhG #tcm #risk

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Blog Post: RobertPestonBlog: Diamond not Barclays' top earner with £6.3m

Posted: 09 Mar 2012 03:27 AM PST

It's bank bonus disclosure day.read more...

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Blog Post: TheAlephBlog: Peak Government Debt

Posted: 09 Mar 2012 02:38 AM PST

We’re in an interesting situation where most developed country governments are borrowing at a rapid rate, and their central banks are financing it.ร‚  Public old age retirement and health plans are underfunded.ร‚  Most major developed countries can’t grow rapidly, and there’s really nothing that can be done about it — competition from cheaper labor in developing countries is...

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Published / Preprint: Forecasting hedge fund volatility: a Markov regime-switching approach

Posted: 09 Mar 2012 02:32 AM PST

The European Journal of Finance, Volume 0, Issue 0, Page 1-33, Ahead of Print.

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Bloomberg views on the ultra fast machine ecology paper: http://t.co/Wrl6FSkr - more comment here: http://t.co/kFUyLQXa #hft #tcm

Posted: 09 Mar 2012 02:00 AM PST

fin_tech: Bloomberg views on the ultra fast machine ecology paper: http://t.co/Wrl6FSkr - more comment here: http://t.co/kFUyLQXa #hft #tcm

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Blog Post: HighFrequencyTradingReview: Fundamental Interactions Announces International Expansion of Neutron Trading Appliance

Posted: 09 Mar 2012 01:45 AM PST

Fundamental Interactions Inc plans to take clients of the Neutron Trading Appliance live across three continents by the end of 2012.  As part of the global expansion, routing and market data integration will be added for new trading venues in Europe, Asia and Latin America.  Additionally a complete FX trading module will be integrated into the product.   The FIN trading appliance...

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Research Library: The Role of Risk Aversion in Non-Conscious Decision Making

Posted: 09 Mar 2012 01:26 AM PST

Shuo Wang, Ian Krajbich Ralph Adolphs and Naotsugu Tsuchiya Abstract To what extent can people choose advantageously without knowing why they are making those choices? This hotly debated question has capitalized on the Iowa Gambling Task (IGT), in which people often learn to choose advantageously without appearing to know why. However, because the IGT is unconstrained in many respects, this...

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Market Manipulation and Algorithmic Trading: The Next Wave of Regulatory Enforcement?

Posted: 09 Mar 2012 01:12 AM PST

All About Alpha reports on a paper published in Bloomberg's Security Regulation and Law Report:read more...

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Blog Post: relmbo: Why I'm Running For North Carolina State Treasurer

Posted: 09 Mar 2012 12:42 AM PST

North Carolina's current treasurer is a PROFESSIONAL POLITICIAN and NOT a professional investment manager (see her lack of investment experience on Linkedin by clicking here).  I invite you to  compare her investment experience with mine (see my investment experience on LinkedIn by clicking here).  The current treasurer started in political office 11 years ago - first winning a...

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Blog Post: TheFinancialServicesClub: Things worth reading: 9th March 2012

Posted: 08 Mar 2012 11:17 PM PST

Things we're reading today include ...read more...

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Cass News: Itâs entrepreneurs who will get the country back on its feet and help it grow http://t.co/mzkifyVO

Posted: 08 Mar 2012 10:35 PM PST

BusinessSchools: Cass News: Itรข€™s entrepreneurs who will get the country back on its feet and help it grow http://t.co/mzkifyVO

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Published / Preprint: Income distribution patterns from a complete social security database. (arXiv:1203.1880v1 [physics.soc-ph])

Posted: 08 Mar 2012 05:35 PM PST

We analyze the income distribution of employees for 9 consecutive years (2001-2009) using a complete social security database for an economically important district of Romania. The database contains detailed information on more than half million taxpayers, including their monthly salaries from all employers where they worked. Besides studying the characteristic distribution functions in the high...

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Published / Preprint: The Bellman equation for power utility maximization with semimartingales. (arXiv:0912.1883v3 [q-fin.PM] UPDATED)

Posted: 08 Mar 2012 05:35 PM PST

We study utility maximization for power utility random fields with and without intermediate consumption in a general semimartingale model with closed portfolio constraints. We show that any optimal strategy leads to a solution of the corresponding Bellman equation. The optimal strategies are described pointwise in terms of the opportunity process, which is characterized as the minimal solution of...

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Published / Preprint: Directional Variance Adjustment: improving covariance estimates for high-dimensional portfolio optimization. (arXiv:1109.3069v3 [q-fin.PM] UPDATED)

Posted: 08 Mar 2012 05:35 PM PST

Robust and reliable covariance estimates play a decisive role in financial and many other applications. An important class of estimators is based on Factor models. Here, we show by extensive Monte Carlo simulations that covariance matrices derived from the statistical Factor Analysis model exhibit a systematic error, which is similar to the well-known systematic error of the spectrum of the...

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Blog Post: TheReformedBroker: What's not to like?

Posted: 08 Mar 2012 01:18 PM PST

What a day.

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Blog Post: FinanceClippings: Fender going public

Posted: 08 Mar 2012 11:57 AM PST

Fender, the maker of guitars including the Stratocaster and Telecaster is going public.  The last time Fender was publicly owned was during its ill fated period as part of CBS.  Fender aficionados still talk about that episode in the company's history.

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Blog Post: InstituteforNewEconomicThinking: How to Tackle the Challenge of Sovereign Debt

Posted: 08 Mar 2012 11:44 AM PST

In a special editorial for the Globe and Mail, James Haley writes that the G20 must address the problem of sovereign debt. He explores three key issues that emerged from the recent conference titled “Sovereign Debtors in Distress: Are Our Institutions Up to the Challenge?” that INET co-hosted with its partner organization the Centre for International Governance Innovation (CIGI) at...

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Blog Post: FINalternatives: Citco Vet Miller Joins JPMorgan WSS

Posted: 08 Mar 2012 11:18 AM PST

Stephanie Miller, a former Citco managing director, has joined J.P. Morgan Worldwide Securities Services today as global head of alternative investment services.read more...

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Blog Post: ThreeToedSloth: Density Estimation (Advanced Data Analysis from an Elementary Point of View)

Posted: 08 Mar 2012 11:02 AM PST

The desirability of estimating not just conditional means, variances, etc., but whole distribution functions. Parametric maximum likelihood is a solution, if the parametric model is right. Histograms and empirical cumulative distribution functions are non-parametric ways of estimating the distribution: do they work? The Glivenko-Cantelli law on the convergence of empirical distribution...

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ICMA Centre News: Indian scholar on exchange at ICMA Centre http://t.co/N04f9v9x

Posted: 08 Mar 2012 10:51 AM PST

BusinessSchools: ICMA Centre News: Indian scholar on exchange at ICMA Centre http://t.co/N04f9v9x

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Blog Post: AllAboutAlpha: Algo Trading: Life in the Cross-Hairs

Posted: 08 Mar 2012 10:25 AM PST

Three lawyers with Covington & Burlington write about the new intensified scrutiny to which regulators are subjecting algorihtmic and high frequency trading. They place it in the context of an old dispute over what constitutes market manipulation. According to the broadest view, if a trader's 'sole intent' in making even a quite ordinary buy or sell order is to move the price, then the...

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Itâs entrepreneurs who will get the country back on its feet and help it grow

Posted: 08 Mar 2012 10:11 AM PST

Cass hosts launch of Next Generation Finance Consortium

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Blog Post: QFINANCE: QFINANCE: News Update (March 02' 08, 2012)

Posted: 08 Mar 2012 09:38 AM PST

Blog Post: TimingLogic: Nasdaq Transports Are Telling The Real Story - Is Massively Levered Market Demand Nearing A Tipping Point?

Posted: 08 Mar 2012 08:38 AM PST

Actually, the Dow Transports as of Tuesday have a zero percent return for 2012.   And, the Nasdaq Transports aren't anywhere close to the 2008 top.  In fact, in the mini collapse last fall, the Nasdaq Transports actually hit price levels seen in May of 2009.  That would be two months after the collapse of 2008 bottomed.  In other words, the Nasdaq Transports as of last fall...

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ARM + GPU - A route to Exascale? http://t.co/R4NuBeUT #tcm

Posted: 08 Mar 2012 08:34 AM PST

fin_tech: ARM + GPU - A route to Exascale? http://t.co/R4NuBeUT #tcm

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Blog Post: TheMonetaryFuture: Doug Casey on Cashless Societies

Posted: 08 Mar 2012 07:33 AM PST

Interviewed by Louis James, Editor International Speculator Wednesday, March 7, 2012 http://www.proactiveinvestors.com/columns/casey-research/928/doug-casey-on-cashless-societies-0928.html L: Doug, we've had a lot of questions from readers about the apparent push governments are making to go to paperless currency รข€" all electronic, no cash. Do you think that's likely, and what...

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Vendor News: ITG Releases February 2012 US Trading Volumes

Posted: 08 Mar 2012 05:11 AM PST

NEW YORK, March 8, 2012 /PRNewswire/ -- ITG (NYSE: ITG), a leading agency research broker and financial technology firm, today announced that February 2012 US trading volume was 3.9 billion shares and average daily volume (ADV) was 193 million shares. This compares to 4.2 billion shares and ADV of 208 million shares in January 2012 and 3.6 billion shares and ADV of 187 million shares in February...

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