Friday, May 4, 2012

MoneyScience News

MoneyScience News


Blog Post: TheReformedBroker: Our Jobs Day Traditions

Posted: 04 May 2012 04:58 AM PDT

Good Morning. The sun has risen on yet another Jobs Day, another monthly payrolls report that is The Street's most widely-followed gauge for this economic era - the Jobless Recovery.

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Blog Post: FINalternatives: French Seeder Emergence Backs Eiffel Investment

Posted: 04 May 2012 04:39 AM PDT

The new French seeding platform, Emergence, has inked a deal (its first) to give the Paris-based European long/short credit fund Eiffel Investment Group $40 million.read more...

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Blog Post: TheAlephBlog: Correlating Risky Assets

Posted: 04 May 2012 04:28 AM PDT

Asset allocation is tough, because the correlations are not stable.  Here’s an example: in the 90s, at many conferences that I went to, I was told that one of the smartest moves you could make was to invest heavily in every new class of Asset Backed Security [ABS] created, because they all tighten in yield spread terms after issuance, leading to price gains.read more...

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Last Chance 2 Book- Introduction to QuantLib Development - Luigi Ballabio London,May 21-23 http://t.co/irIACtRP discounts available #quant

Posted: 04 May 2012 04:24 AM PDT

BusinessSchools: Last Chance 2 Book- Introduction to QuantLib Development - Luigi Ballabio London,May 21-23 http://t.co/irIACtRP discounts available #quant

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Blog Post: HighFrequencyTradingReview: Dynamical Models of Market Impact and Algorithms for Order Execution [Gatheral, Schied]

Posted: 04 May 2012 03:52 AM PDT

Abstract: In this review article, we present recent work on the regularity of dynamical market impact models and their associated optimal order execution strategies. In particular, we address the question of the stability and existence of optimal strategies, showing that in a large class of models, there is price manipulation and no well-behaved optimal order execution strategy. We also address...

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Blog Post: WealthandCapitalMarketsBlog: Replacing the poster child of failure?

Posted: 04 May 2012 03:39 AM PDT

Yesterday, the Bank of International Settlements released consultative document sets out a revised market risk framework that proposes a number of specific measures to improve trading book capital requirements. (BIS Fundamental Review of the Trading Book)read more...

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RT @abnormalreturns: The world is changing faster than economists can update their models. (via @ftalpha) http://t.co/0wTRSKBW $MACRO

Posted: 04 May 2012 03:32 AM PDT

moneyscience: RT @abnormalreturns: The world is changing faster than economists can update their models. (via @ftalpha) http://t.co/0wTRSKBW $MACRO

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Textbook rentals a growing trend in higher education -http://bit.ly/L447Fg

Posted: 04 May 2012 02:52 AM PDT

BusinessSchools: Textbook rentals a growing trend in higher education -http://bit.ly/L447Fg

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How to Take Advantage of #Facebook in #MBA Admissions http://t.co/WZIsM2er

Posted: 04 May 2012 02:52 AM PDT

BusinessSchools: How to Take Advantage of #Facebook in #MBA Admissions http://t.co/WZIsM2er

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Q&A: Berkwood Farmer, soon-to-retire dean of Wright Stateâs business school http://t.co/erHggGiZ

Posted: 04 May 2012 02:52 AM PDT

BusinessSchools: Q&A: Berkwood Farmer, soon-to-retire dean of Wright State’s business school http://t.co/erHggGiZ

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"Throwing Sheep in the Boardroom" - profile of Soumitra Dutta, the new Dean at Cornell's Graduate SoM http://t.co/xiS28ZHi @JohnsonSchool

Posted: 04 May 2012 02:52 AM PDT

BusinessSchools: "Throwing Sheep in the Boardroom" - profile of Soumitra Dutta, the new Dean at Cornell's Graduate SoM http://t.co/xiS28ZHi @JohnsonSchool

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Why Hedge Funds Flock to the Private Cloud - http://t.co/U1v7HfCT #tcm

Posted: 04 May 2012 02:43 AM PDT

moneyscience: Why Hedge Funds Flock to the Private Cloud - http://t.co/U1v7HfCT #tcm

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Goldman Sachs' CEO says his recent public support for gay rights cost the investment bank at least one client http://t.co/FEMXcZqA #tcm

Posted: 04 May 2012 02:43 AM PDT

moneyscience: Goldman Sachs' CEO says his recent public support for gay rights cost the investment bank at least one client http://t.co/FEMXcZqA #tcm

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Why Hedge Funds Flock to the Private Cloud - http://t.co/G747tezP #tcm

Posted: 04 May 2012 02:31 AM PDT

fin_tech: Why Hedge Funds Flock to the Private Cloud - http://t.co/G747tezP #tcm

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An American in Oxford: New Saïd B-School Dean rewrites the program: http://t.co/iefj0i82 @oxfordsbs #education

Posted: 04 May 2012 02:10 AM PDT

BusinessSchools: An American in Oxford: New Saïd B-School Dean rewrites the program: http://t.co/iefj0i82 @oxfordsbs #education

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£40k salary & PhD fee waivers + £5k bonus on completion: getting business people into academia http://t.co/6Xt6sAzk @uofebusiness #tcm

Posted: 04 May 2012 02:10 AM PDT

BusinessSchools: £40k salary & PhD fee waivers + £5k bonus on completion: getting business people into academia http://t.co/6Xt6sAzk @uofebusiness #tcm

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A/B Testing: Why Is a Financial Times Subscription So Expensive? http://t.co/1qphWrWb #tcm

Posted: 04 May 2012 02:00 AM PDT

fin_tech: A/B Testing: Why Is a Financial Times Subscription So Expensive? http://t.co/1qphWrWb #tcm

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Via @cxdig - New Open Access Journal: EPJ Data Science http://t.co/9by8crg3 @springeralerts

Posted: 04 May 2012 02:00 AM PDT

BusinessSchools: Via @cxdig - New Open Access Journal: EPJ Data Science http://t.co/9by8crg3 @springeralerts

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Research Library: Statistical analysis of bankrupting and non-bankrupting stocks

Posted: 04 May 2012 01:43 AM PDT

Qian Li, Fengzhong Wang, Jianrong Wei, Yuan Liang, Jiping Huang and H. Eugene Stanley Abstract The recent financial crisis has caused extensive world-wide economic damage, affecting in particular those who invested in companies that eventually filed for bankruptcy. A better understanding of stocks that become bankrupt would be helpful in reducing risk in future investments. Economists have...

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Blog Post: TheFinancialServicesClub: In the future ... HSBC might not be a bank

Posted: 04 May 2012 12:58 AM PDT

Flying around all the time, you sometimes forget to absorb the ads around you.read more...

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The Financial Education Daily is out! http://t.co/TYlzia3F

Posted: 04 May 2012 12:44 AM PDT

BusinessSchools: The Financial Education Daily is out! http://t.co/TYlzia3F

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Blog Post: RobertPestonBlog: RBS on the mend - again

Posted: 04 May 2012 12:44 AM PDT

Having stalled a bit during last year's eurozone crisis, the recovery at Royal Bank of Scotland seems to be picking up some momentum again.read more...

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Blog Post: ThreeToedSloth: Ten Years of Monster Raving Egomania and Utter Batshit Insanity

Posted: 03 May 2012 08:34 PM PDT

Sometimes, all you can do is quote verbatim* from your inbox: Date: Tue, 17 Apr 2012 09:31:57 -0400 From: Stephen Wolfram To: Cosma Shalizi Subject: 10-year followup on "A New Kind of Science" Next month it'll be 10 years since I published "A New Kind of Science" ... and I'm planning to take stock of the decade of commentary, feedback and follow-on work about the book that's appeared. My archives...

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Blog Post: Falkenblog: The Great Stagnation Rebuffed

Posted: 03 May 2012 05:36 PM PDT

Given that toilet technology, the average speed on freeways, and productivity in general, has been stagnant for about 40 years, it's good to appreciate real innovations when you see it. Take the new New Zealand drinking game: Called possum, the game has quite simple rules: you sit in a tree and drink until you fall out of it.Part of being young is embracing one's freedom to be stupid, and this...

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Published / Preprint: Super-exponential bubbles in lab experiments: evidence for anchoring over-optimistic expectations on price. (arXiv:1205.0635v1 [q-fin.TR])

Posted: 03 May 2012 05:30 PM PDT

We analyze a controlled price formation experiment in the laboratory that shows evidence for bubbles. We calibrate two models that demonstrate with high statistical significance that these laboratory bubbles have a tendency to grow faster than exponential due to positive feedback. We show that the positive feedback operates by traders continuously upgrading their over-optimistic expectations of...

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Blog Post: FinanceClippings: How is financial reform coming along...?

Posted: 03 May 2012 05:12 PM PDT

How timely - just as I posted on the financial reform of Wall Street (or lack thereof), Felix Salmon has a post on the same topic - much more informative than mine of course.  He actually cites people in the know!

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Blog Post: AllAboutAlpha: Was Managed Futures Tackled by Turbulence? When is Volatility a Friend or Foe?

Posted: 03 May 2012 05:07 PM PDT

Kathryn Kaminski tackles the tough question of volatility and how it affects managed futures.

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@icmacentre: Assembly required http://t.co/Kyds6Bhz

Posted: 03 May 2012 12:50 PM PDT

BusinessSchools: @icmacentre: Assembly required http://t.co/Kyds6Bhz

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Blog Post: TimingLogic: Supermoon On Saturday Night

Posted: 03 May 2012 10:06 AM PDT

Title link here.

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Blog Post: QuantPythonista: Why I'm not on the Julia bandwagon (yet)

Posted: 03 May 2012 09:00 AM PDT

I apologize in advance for writing what might be the first neutral to negative article about Julia that you’ve read. For those of you who don’t know, Julia is a new dynamic language with an LLVM-based JIT compiler designed for …Read more »

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Blog Post: QFINANCE: QFINANCE: News Briefing (April 27' May 3, 2012)

Posted: 03 May 2012 08:37 AM PDT

Call for Papers: Complex 2012: 2nd International ICST Conference on Complex Sciences: Theory and Applications

Posted: 03 May 2012 06:42 AM PDT

Call for Papersread more...

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Blog Post: substructural: Artists and Scientists

Posted: 03 May 2012 06:34 AM PDT

Recently, I finished reading the acclaimed tome by Eric Reis, The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. The ending was the most impressive part to me. Reis is willing to submit his own ideas of innovation accounting and the like to rigorous testing in startup research labs in universities. A footnote mentions that Nathan...

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Is bad news for Yahoo! Research, bad news for Machine Learning? http://t.co/faZBHsha #tcm #machinelearning

Posted: 03 May 2012 06:07 AM PDT

fin_tech: Is bad news for Yahoo! Research, bad news for Machine Learning? http://t.co/faZBHsha #tcm #machinelearning

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Financial Technology News Report is out! http://t.co/Jdseecpa : Top stories today via @fstechnology @kirkwy @sungardcm @attovatech

Posted: 03 May 2012 05:56 AM PDT

fin_tech: Financial Technology News Report is out! http://t.co/Jdseecpa â–¸ Top stories today via @fstechnology @kirkwy @sungardcm @attovatech

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Martin Weller considers academic credit for blogging - http://t.co/wZ03OPdH #academia #tcm

Posted: 03 May 2012 05:34 AM PDT

BusinessSchools: Martin Weller considers academic credit for blogging - http://t.co/wZ03OPdH #academia #tcm

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Assembly required

Posted: 03 May 2012 05:34 AM PDT

Fiction is there to bring truth to reality.  Looking anew at issues through the gauze of another person’s imagination paradoxically brings our own life into focus.  Apparently.read more...

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Vendor News: ITG Reports First Quarter 2012 Results

Posted: 03 May 2012 05:13 AM PDT

Strong International Performance Offsets Weak U.S. Volume Environment NEW YORK, May 3, 2012 /PRNewswire/ -- ITG (NYSE: ITG), an independent execution and research broker, today reported results for the quarter ended March 31, 2012. (Logo: http://photos.prnewswire.com/prnh/20120123/NY39237LOGO ) First quarter 2012 highlights included: GAAP net income of $5.5 million, or $0.14 per diluted share,...

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