Monday, July 29, 2013

MoneyScience News

MoneyScience News

Blog Post: TheFinancialServicesClub: Which country has the world's best bank note?

Posted: 29 Jul 2013 02:02 AM PDT

Talking of banknotes and bank note designs, brings me to a final thought on this: which country has the world’s best bank note?read more...

Visit MoneyScience for the Complete Article.

Vendor News: Fidessa group announces interim results

Posted: 29 Jul 2013 12:18 AM PDT

Published / Preprint: Network Topologies of Financial Market During the Global Financial Crisis. (arXiv:1307.6974v1 [q-fin.GN])

Posted: 28 Jul 2013 05:38 PM PDT

We consider the effects of the global financial crisis through a local Korean financial market around the 2008 crisis. We analyze 185 individual stock prices belonging to the KOSPI (Korea Composite Stock Price Index), cosidering three time periods: the time before, during, and after the crisis. The complex networks generate from the fully connected correlation network by using...

Visit MoneyScience for the Complete Article.

Published / Preprint: An identity of hitting times and its application to the valuation of guaranteed minimum withdrawal benefit. (arXiv:1307.7070v1 [q-fin.CP])

Posted: 28 Jul 2013 05:38 PM PDT

In this paper we explore an identity in distribution of hitting times of a finite variation process (Yor's process) and a diffusion process (geometric Brownian motion with affine drift), which arise from various applications in financial mathematics. As a result, we provide analytical solutions to the fair charge of variable annuity guaranteed minimum withdrawal benefit (GMWB) from...

Visit MoneyScience for the Complete Article.

Blog Post: Falkenblog: My Big Toe

Posted: 28 Jul 2013 03:06 PM PDT

A large problem in physics concerns the nature of quantum reality, where as Richard Feynman famously  said, “if you think you understand it, you don’t understand it.”  A currently popular solution is the many worlds hypothesis, preferred by Eliezer Yudkowsky among others, which is that for every quantum event, everything actually happens, merely in different branching...

Visit MoneyScience for the Complete Article.

Blog Post: ThePracticalQuant: Near realtime, streaming, and perpetual analytics

Posted: 28 Jul 2013 10:16 AM PDT

[A version of this post appears on the O'Reilly Strata blog.]Simple example of a near realtime app built with Hadoop and HBaseOver the past year Hadoop emerged from its batch processing roots and began to take on interactive and near realtime applications. There are numerous examples that fall under these categories, but one that caught my eye recently is a system jointly developed by China...

Visit MoneyScience for the Complete Article.