Wednesday, August 19, 2015

MoneyScience News

MoneyScience News

Vendor News: Infosys Inducted Into the âWinnerâs Circleâ in the HfS Blueprint Rating for Testing

Posted: 19 Aug 2015 03:06 AM PDT

Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, has been inducted into the ‘Winner’s Circle’ in the inaugural Application Testing Services HfS Blueprint report by leading analyst firm HfS Research.

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Blog Post: TheAlephBlog: The Incredible Chain of Lending

Posted: 19 Aug 2015 01:36 AM PDT

Photo Credit: Vinoth Chandar || Do you control the elephant, or does the elephant control you?read more...

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Published / Preprint: Why is GDP growth linear?. (arXiv:1508.04246v1 [q-fin.GN])

Posted: 18 Aug 2015 05:36 PM PDT

In many European countries the growth of the real GDP per capita has been linear since 1950. An explanation for this linearity is still missing. We propose that in artificial intelligence we may find models for a linear growth of performance. We also discuss possible consequences of the fact that in systems with linear growth the percentage growth goes to zero.

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Published / Preprint: FX Modelling in Collateralized Markets: foreign measures, basis curves, and pricing formulae. (arXiv:1508.04321v1 [q-fin.PR])

Posted: 18 Aug 2015 05:36 PM PDT

We present a general derivation of the arbitrage-free pricing framework for multiple-currency collateralized products. We include the impact on option pricing of the policy adopted to fund in foreign currency, so that we are able to price contracts with cash flows and/or collateral accounts expressed in foreign currencies inclusive of funding costs originating from dislocations in the FX market....

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Published / Preprint: Forecasting stock market returns over multiple time horizons. (arXiv:1508.04332v1 [q-fin.GN])

Posted: 18 Aug 2015 05:36 PM PDT

In this paper we seek to demonstrate the predictability of stock market returns and explain the nature of this return predictability. To this end, we further develop the news-driven analytic model of the stock market derived in Gusev et al. (2015). This enables us to capture market dynamics at various timescales and shed light on mechanisms underlying certain market behaviors such as transitions...

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Published / Preprint: Implied volatility in strict local martingale models. (arXiv:1508.04351v1 [q-fin.MF])

Posted: 18 Aug 2015 05:36 PM PDT

We consider implied volatilities in asset pricing models, where the discounted underlying is a strict local martingale under the pricing measure. Our main result gives an asymptotic expansion of the right wing of the implied volatility smile and shows that the strict local martingale property can be determined from this expansion. This result complements the well-known asymptotic results of Lee...

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Published / Preprint: The Similarity of Global Value Chains: A Network-Based Measure. (arXiv:1508.04392v1 [physics.soc-ph])

Posted: 18 Aug 2015 05:36 PM PDT

International trade has been increasingly organized in the form of global value chains (GVCs) where different stages of production are located in different countries. This recent phenomenon has substantial consequences for both trade policy design at the national or regional level and business decision making at the firm level. In this paper, we provide a new method for comparing GVCs across...

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Vendor News: August 18, 2015 - SS&C Acquires Citiâs Alternative Investor Services Business

Posted: 18 Aug 2015 05:07 AM PDT