SEC: Hedge Fund Managers And Former Government Official Charged In $32 Million Insider Trading Scheme - Separate Asset Mismarking Scheme Yielded $6 Million In Extra Fees
Hong Kong's Securities And Futures Commission Reprimands And Fines Schroder Investment Management (Hong Kong) Limited $1.8 Million For Disclosure Failures
The Securities and Futures Commission (SFC) has reprimanded and fined Schroder Investment Management (Hong Kong) Limited (Schroder) $1.8 million for failing to disclose all notifiable interests in Hong Kong listed shares (Note 1).
read more...ESMA Publishes Annual Report 2015
The European Securities and Markets Authority (ESMA) has published today its Annual Report for 2015, which describes the key accomplishments by ESMA in 2015.
read more...Reuters Releases Reuters TV 2.0, Introducing New Featured Programs And Adding Live Feeds To Desktop And Apple TV Platforms
Today Reuters, the world’s largest international multimedia news provider, released version 2.0 of Reuters TV. This new version of the revolutionary connected TV service introduces Featured Programs – thematic programs curated and hosted by Reuters journalists – alongside live feeds of global events and personalized video newscasts. The update includes a major redesign on both Apple TV and the Web that seeks to set the standard for premium online video delivery. Reuters TV is available for iOS and tvOS devices on the Apple App Store, Android devices via Google Play, and on the web globally at Reuters.tv.
read more...Irish Stock Exchange: Draper Esprit Raises â¬102m From IPO On The ESM
Draper Esprit plc, the venture capital investor involved in the creation, funding and development of high-growth technology businesses has raised €102m from its Initial Public Offering (IPO) on both the Irish Stock Exchange (ISE) and the London Stock Exchange.
read more...Bats ETF Marketplace Welcomes iShares MSCI China A ETF - Becomes 42nd iShares Product Listed On Bats
Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed the iShares MSCI China A ETF (Bats: CNYA), which began trading today on the Bats ETF Marketplace.
read more...High-Growth Potential Of EU SMEs Shines Through In London Stock Exchange Groupâs â1000 Companies To Inspire Europeâ Report
UK's Financial Conduct Authority Signs The Women In Finance Charter
We are proud to have signed the Women in Finance Charter. We have a strong gender profile and believe that a diverse workforce makes us a better regulator and a great place to work.
read more...Federal Reserve Board And Federal Open Market Committee Release Economic Projections From The June 14-15 FOMC Meeting
The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the June 14-15 meeting.
read more...Updated Coefficients For Moscow Exchange Indices To Come Into Force
Federal Reserve Issues FOMC Statement
Information received since the Federal Open Market Committee met in April indicates that the pace of improvement in the labor market has slowed while growth in economic activity appears to have picked up. Although the unemployment rate has declined, job gains have diminished. Growth in household spending has strengthened. Since the beginning of the year, the housing sector has continued to improve and the drag from net exports appears to have lessened, but business fixed investment has been soft. Inflation has continued to run below the Committee's 2 percent longer-run objective, partly reflecting earlier declines in energy prices and in prices of non-energy imports. Market-based measures of inflation compensation declined; most survey-based measures of longer-term inflation expectations are little changed, on balance, in recent months.
read more...The FESE General Assembly Approves Budapest Stock Exchange As Full Member And New Board Members
On 15th June 2016 the General Assembly of the Federation of European Securities Exchanges (FESE) unanimously approved the application of Budapest Stock Exchange to become a Full Member. The Membership will commence as of 1st July 2016.
read more...The MiG Report - TSX - TSX Venture Exchange
The multiplex dependency structure of financial markets. (arXiv:1606.04872v1 [physics.soc-ph])
We propose here a multiplex network approach to investigate simultaneously different types of dependency in complex data sets. In particular, we consider multiplex networks made of four layers corresponding respectively to linear, non-linear, tail, and partial correlations among a set of financial time series. We construct the sparse graph on each layer using a standard network filtering procedure, and we then analyse the structural properties of the obtained multiplex networks. The study of the time evolution of the multiplex constructed from financial data uncovers important changes in intrinsically multiplex properties of the network, and such changes are associated with periods of financial stress. We observe that some features are unique to the multiplex structure and would not be visible otherwise by the separate analysis of the single-layer networks corresponding to each dependency measure.
Note on level r consensus. (arXiv:1606.04816v1 [q-fin.EC])
We show that the hierarchy of level $r$ consensus partially collapses. In particular, any profile $\pi\in \mathcal{P}$ that exhibits consensus of level $(K-1)!$ around $\succ_0$ in fact exhibits consensus of level $1$ around $\succ_0$.
Kinetic and mean field description of Gibrat's law. (arXiv:1606.04796v1 [q-fin.GN])
We introduce and analyze a linear kinetic model that describes the evolution of the probability density of the number of firms in a society, in which the microscopic rate of change obeys to the so-called law of proportional effect proposed by Gibrat. Despite its apparent simplicity, the possible mean field limits of the kinetic model are varied. In some cases, the asymptotic limit can be described by a first-order partial differential equation. In other cases, the mean field equation is a linear diffusion with a non constant diffusion coefficient that models also the geometric Brownian motion and can be studied analytically. In this case, it is shown that the large-time behavior of the solution is represented, for a large class of initial data, by a lognormal distribution with constant mean value and variance increasing exponentially in time at a precise rate. The relationship between the kinetic and the diffusion models allow to introduce an easy-to- implement expression for computing the Fourier transform of the lognormal distribution.
Local Operators in Kinetic Wealth Distribution. (arXiv:1606.04790v1 [q-fin.GN])
The statistical mechanics approach to wealth distribution is based on the conservative kinetic multi-agent model for money exchange, where the local interaction rule between the agents is analogous to the elastic particle scattering process. Here, we discuss the role of a class of conservative local operators, and we show that, depending on the values of their parameters, they can be used to generate all the relevant distributions. We also show numerically that in order to generate the power-law tail an heterogeneous risk aversion model is required. By changing the parameters of these operators one can also fine tune the resulting distributions in order to provide support for the emergence of a more egalitarian wealth distribution.
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101 Ways To Save Money On Your Tax - Legally 2016-2017
101 Ways to Save Money on Your Tax – Legally! is the Australian taxpayer's essential guide to maximising returns. Comprehensively updated for 2016-2017, this indispensable resource explains all of the changes to the May 2016 budget to help you pay what you owe and not a penny more. You'll find answers to common questions, tax traps to avoid and plenty of tips from Mr. Taxman himself
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