Tuesday, March 20, 2012

MoneyScience News

MoneyScience News


Blog Post: TheFinancialServicesClub: Mobile payments is so hot right now, it burns

Posted: 20 Mar 2012 04:52 AM PDT

I said that I had been chairing a conference on payments last week.read more...

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Upcoming Training from Deutsche Börse Capital Markets Academy - http://t.co/ITMAgAsZ #tcm #financialtraining

Posted: 20 Mar 2012 04:51 AM PDT

fin_tech: Upcoming Training from Deutsche Börse Capital Markets Academy - http://t.co/ITMAgAsZ #tcm #financialtraining

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Blog Post: TheReformedBroker: BlackRock: Global Financial SWAT Team

Posted: 20 Mar 2012 04:17 AM PDT

Their employer, BlackRock, may be little known outside financial circles even as it manages a world-leading $3.51 trillion of assets, but the firm is exerting enormous influence as a behind-the-scenes adviser to troubled governments around the globe.

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Blog Post: relmbo: Janet Cowell: The Treasurer of Wall Street

Posted: 20 Mar 2012 03:37 AM PDT

A review of State Treasurer campaign finance records from www.FollowTheMoney.org shows North Carolina State Treasurer Cowell ranks 3rd in the United States in raising campaign funds from out of state.  Only treasurers from Rhode Island and Iowa raise more campaign funds as a percentage from out of state, and North Carolina Treasurer Cowell actually raised more in dollar terms than both...

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Blog Post: NumericalAlgorithmsGroup: How to worry about everything (and nothing)

Posted: 20 Mar 2012 03:26 AM PDT

Worry - To feel uneasy or concerned about something. In my last post I wrote about managing your e-mail inbox (in the narrow sense) and, more broadly, managing your work and commitments. I ended that last post with this quote: "If you worry about everything, then you don't have to worry about anything." At least one reader suggested that I owed them an explanation and so here it is. You'll...

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RT @TandF_Economics Don't forget to bookmark our subject news page for all the latest offers & free access from ... http://t.co/GO33AcmX

Posted: 20 Mar 2012 03:13 AM PDT

moneyscience: RT @TandF_Economics Don't forget to bookmark our subject news page for all the latest offers & free access from ... http://t.co/GO33AcmX

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Blog Post: TalesfromaTradingDesk: Time Series Visualization

Posted: 20 Mar 2012 02:36 AM PDT

Cube is an open-source system for visualizing time series data, built on MongoDB, Node and D3. Although the code doesn’t seem to have been updated for some months, the architecture and solution are interesting for a number of reasons:read more...

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

Posted: 20 Mar 2012 01:36 AM PDT

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

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Elsevier Boycott Update: 8,200+ researchers now signed up - http://t.co/Kriro4me #tcm

Posted: 20 Mar 2012 12:54 AM PDT

moneyscience: Elsevier Boycott Update: 8,200+ researchers now signed up - http://t.co/Kriro4me #tcm

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Elsevier Boycott Update: 8,200+ researchers now signed up - http://t.co/mbfovsLV #tcm

Posted: 20 Mar 2012 12:28 AM PDT

BusinessSchools: Elsevier Boycott Update: 8,200+ researchers now signed up - http://t.co/mbfovsLV #tcm

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@Cassinthenews: Can employee trust be maintained in the face of job cuts? http://t.co/xRZN88P1

Posted: 19 Mar 2012 11:45 PM PDT

BusinessSchools: @Cassinthenews: Can employee trust be maintained in the face of job cuts? http://t.co/xRZN88P1

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Blog Post: Falkenblog: Haidt on Moral Values

Posted: 19 Mar 2012 10:32 PM PDT

I really enjoyed Jonathan Haidt's latest book, the Righteous Mind. It is filled with many facts and ideas I wasn't aware of, and it makes me feel like I know more about myself and the world. Reading such books is one of the finer pleasures in life. There are many things I found interesting and profound. For example, sport is to war as porn is to sex, probably a harmless release for an...

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Blog Post: TheAlephBlog: Industry Ranks March 2012

Posted: 19 Mar 2012 10:19 PM PDT

read more...

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Blog Post: AllAboutAlpha: Examiner Reports on an Ongoing Family Saga

Posted: 19 Mar 2012 06:46 PM PDT

The parent corporation, Dynegy Inc. (NYSE: DYN) did not file for bankruptcy. As of August 31 of last year, Dynegy's only asset was the equity in Dynegy Holdings, which in turn owned various operating subsidiaries. But on September 1, Dynegy Holdings transferred its coal power facilities to Dynegy. Two months later Dynegy Holdings and related entities filed.

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Published / Preprint: Transversality Conditions for Stochastic Higher-Order Optimality: Continuous and Discrete Time Problems. (arXiv:1203.3869v1 [math.OC])

Posted: 19 Mar 2012 05:35 PM PDT

Higher-order optimization problems naturally appear when investigating the effects of a patent with finite length, as in the pioneering work of Futagami and Iwaisako (2007). In this paper, we establish the Euler equations and transversality conditions necessary for analyzing such higher-order optimization problems. We develop our results for stochastic general reduced-form models and consider...

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Published / Preprint: Growth Optimal Portfolios in Discrete-time Markets Under Transaction Costs. (arXiv:1203.4153v1 [cs.SY])

Posted: 19 Mar 2012 05:35 PM PDT

We investigate portfolio selection problem from a signal processing perspective and study how an investor should distribute wealth over two assets in order to maximize the cumulative wealth. We construct portfolios that provide the optimal growth in i.i.d. discrete time two-asset markets under proportional transaction costs. As the market model, we consider arbitrary discrete distributions on the...

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Published / Preprint: Optimal Investment Under Transaction Costs: A Threshold Rebalanced Portfolio Approach. (arXiv:1203.4156v1 [q-fin.PM])

Posted: 19 Mar 2012 05:35 PM PDT

We study optimal investment in a financial market having a finite number of assets from a signal processing perspective. We investigate how an investor should distribute capital over these assets and when he should reallocate the distribution of the funds over these assets to maximize the cumulative wealth over any investment period. In particular, we introduce a portfolio selection algorithm...

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Published / Preprint: On Admissible Strategies in Robust Utility Maximization. (arXiv:1109.5512v2 [q-fin.PM] UPDATED)

Posted: 19 Mar 2012 05:35 PM PDT

The existence of optimal strategy in robust utility maximization is addressed when the utility function is finite on the entire real line. A delicate problem in this case is to find a "good definition" of admissible strategies, so that an optimizer is obtained. Under suitable assumptions, especially a time-consistency property of the set of probabilities which describes the model uncertainty, we...

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Blog Post: frontrunthedelta: ETF / Futures Arbitrage: Deviation in Practice

Posted: 19 Mar 2012 04:38 PM PDT

This is a basic ETF / futures spread built from a block of shares traded against an offsetting futures contract.  Several breaks occur in this study from August, 2011. Hi-Res Hi-Res Hi-Res

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RT @QFINANCEnews: Goldman Sachs' Culture: When Making Money Isn't Enough http://t.co/mLecZw0L

Posted: 19 Mar 2012 04:24 PM PDT

moneyscience: RT @QFINANCEnews: Goldman Sachs' Culture: When Making Money Isn't Enough http://t.co/mLecZw0L

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Blog Post: QuantPythonista: vbench Lightning Talk Slides from PyCon 2012

Posted: 19 Mar 2012 03:48 PM PDT

I prepared this lightning talk for PyCon on vbench, my performance monitoring tool, but didn’t have a chance to give it. If I get energetic I might make a screencast of it, but here are the slides: vbench: lightweight performance …Read more »

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Blog Post: FinanceClippings: Felix opines on Apple's dividend.

Posted: 19 Mar 2012 02:19 PM PDT

Felix Salmon, talks about Apple's dividend.  I usually agree with what Felix says - he's a smart, insightful guy, but I think he's off base here on a couple of points. First he argues that Apple has no control over the level of the dividend yield (D/P) because Apple can't set its stock price.  This is plain wrong.  Sure, Apple can't control its stock price, but it should at least...

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Blog Post: iMFdirect: The Logic and Fairness of Greece's Program

Posted: 19 Mar 2012 01:52 PM PDT

By Olivier Blanchardread more...

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Published / Preprint: Analysis of stochastic time series in N dimensions in the presence of strong measurement noise

Posted: 19 Mar 2012 10:46 AM PDT

An extension and generalization of a recently presented approach for the analysis of Langevin-type stochastic processes in the presence of strong measurement noise is presented. For a stochastic process in N dimensions which is superimposed with strong, exponentially correlated, Gaussian distributed, measurement noise it is possible to extract the strength and the correlation functions of the...

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Blog Post: FINalternatives: BofAML: Hedge Funds Climb 0.24% In March

Posted: 19 Mar 2012 10:29 AM PDT

Hedge funds were up 0.24% month-to-date as of March 14, according to the latest Hedge Fund Monitor from Bank of America Merrill Lynch.read more...

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Blog Post: RobertPestonBlog: How credit easing works

Posted: 19 Mar 2012 09:08 AM PDT

Here are a dozen things you need to know about credit easing, or what the government calls the National Loan Guarantee Scheme.read more...

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Blog Post: CapitalManagementServicesGroup: Federal and State Securities Law on Finders, Brokers, and Finder's Fees

Posted: 19 Mar 2012 08:48 AM PDT

James C. Brennan, Esquire and Hannah Terhune, Esquire ©2011Capital Management Services Groupread more...

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Blog Post: WealthandCapitalMarketsBlog: Stressing all the way to the starting line

Posted: 19 Mar 2012 06:30 AM PDT

The US Federal Reserve last week announced summary results of the latest round of bank stress tests, which show that the majority of the largest U.S. banks would continue to meet supervisory expectations for capital adequacy despite large projected losses in an extremely adverse hypothetical economic scenario. This is essentially a report card of how 19 of the largest US banks would fare under...

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Wiley Finance Newsletter March: Successfully Navigate The Post-Reform World

Posted: 19 Mar 2012 06:22 AM PDT

Successfully Navigate The Post-Reform Worldread more...

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MoneyScience Daily is out! http://t.co/yz3zw0GO : Top stories today via @fin_tech @delong @EmanuelDerman

Posted: 19 Mar 2012 05:58 AM PDT

moneyscience: MoneyScience Daily is out! http://t.co/yz3zw0GO â–¸ Top stories today via @fin_tech @delong @EmanuelDerman

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Blog Post: QFINANCE: Goldman Sachs' Culture: When Making Money Isn't Enough

Posted: 19 Mar 2012 05:50 AM PDT

Blog Post: HighFrequencyTradingReview: International exchanges walk high-frequency trading tightrope [Financial News]

Posted: 19 Mar 2012 05:19 AM PDT

By Michelle Price read more...

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Blog Post: TimingLogic: One More Look At The Monstrosity Of Wall Street - Apple's Stock

Posted: 19 Mar 2012 05:09 AM PDT

The perfect linear regression of its stock price from the 2009 lows is a sign of algorithmic trading controlling the stock.  The near vertical rise over the last handful of weeks is most certainly a sign of a contrived blow off top.  When hedge funds are able to move a price to new highs, they are often capable of catapulting the stock because there are no sellers.  In other words,...

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