today s individual bond market

... overseas dollar deposits of these banks were reverting to their pre-crisis levels.8 The upsurge in spreads on lower rated bonds when the financial sector was regaining some stability suggests that ... members in our sample of bond issues and compare the pattern of spreads for these firms and non-keiretsu firms (Table 3).13 As shown in the table, the mean spread for keiretsu firms was 59 basis ... 86 (115) Sources: Japan Securities Dealers Association; Bank of Japan; IBJ Securities; Dodwell Marketing Consultants Note: The mean spread is the average spread for all issuers in the sample;...

Ngày tải lên: 15/03/2014, 03:20

... • • No bosses Market pay "Anybody can it" Huge upside potential Gobs of financing Sexiest of businesses Ton of responsibility Just like B-school • 70-hr weeks • No training • High pressure MBA ... calculus of pursuing an entrepreneurial path has changed • Risk: In today s environment, there is very little professional risk, salary risk, or opportunity cost • Reward: Everybody knows several ... • No bosses Great challenge High payout potential Drive right now • • • • • • • 70-hr weeks No training High risk High pressure Under -market pay High barriers to entry Unsexy businesses • • •...

Ngày tải lên: 25/01/2014, 00:20

... underlying asset markets is a key prerequisite for the creation of liquid risk transfer instruments, such as derivative contracts Derivatives allow risks to be transferred across the financial system ... vulnerable to financial shocks, less auspicious market conditions could expose these incipient domestic markets to additional unforeseen pressures In this respect, policy makers should encourage the ... government bonds and global issues; only national government issues are included Certificates of deposit, treasury bills and government bonds; excluding government bonds issued on Treasury bills and...

Ngày tải lên: 15/02/2014, 13:20

... prospectus The issue process is reportedly slow, taking several months, which, with high marketing and other costs, makes public issues very expensive The slow process also makes issues risky, as the ... emerging East Asian economies Sections III and IV summarize salient characteristics, reforms and obstacles Section V discusses the development and prospects for India s securitization market Section ... current assets by selling them A securitization market also requires a supply of assets that typically can be securitized at the start of the market These are the standard assets such as mortgages,...

Ngày tải lên: 22/03/2014, 20:20

... Emerging Markets dire warnings from population scientists that were issued several decades ago More consistent with those negative assessments are a second observation that economists make from this ... its success in IT software and business process Â� utsourcing o (BPO) services • Growing middle class: According to a Goldman Sachs report, the middle classes in the BRIC economies, that is, ... as an industrial designer He specializes in human factors analysis and research analysis for new products, performs design research including problem analysis, user environment analysis and usability...

Ngày tải lên: 31/05/2014, 00:55

... dollars The price of a pair is the ratio between their respective values Pairs, crosses, majors, minors, and exotics are terms referencing specific combinations of currencies I discuss these terms ... EXPERTS Chapter 19 Options and Exotics Options An Options Primer Basic Options Terms The Pros and Cons of Options The Four Basic Options Strategies Purchasing and Writing Options Advanced Options Strategies ... blossomed recently Computer trading is big business in all the organized markets A final chapter briefly discusses the use of computers to assist in and automatically execute trading decisions It...

Ngày tải lên: 20/06/2014, 20:20

... The Asian session starts gradually over two hours, P.M Eastern to P.M Eastern Traders often refer to this as quiet time as the markets tend to move very little Executions of market orders at ... Brokers hile regulation has indeed increased, it remains much less robust than it is in either the securities or commodity futures industries FOREX has no central clearinghouse, making it a substantially ... them by any means Progress is being made but continued excesses will make them the dinosaurs of the industry ECNs have their own issues—the biggest one is that their platforms are more difficult...

Ngày tải lên: 20/06/2014, 20:20

... to FOREX Brokers 81 Customer service per se was much better It is a Swiss company but with possible eastern European interests according to some blogs Spreads are excellent; costs are attractive ... TIP: Use market orders in normal markets; use limit orders for large orders and in fast, slow, and thin markets A market order in a fast market, such as immediately after the release of a news item, ... eclipsed TradeStation s attraction as a means of developing trading tools and systems and back-testing but their EasyLanguage holds its own and is certainly the easiest to learn Deutsches Bank...

Ngày tải lên: 20/06/2014, 20:20

... and is comprised primarily of residential housing Housing is interest rate–sensitive and is one of the first sectors to react to changes in interest rates Significant reaction of starts/permits ... movements, technical analysis has become the primary tool to successfully analyze and trade shorter-term price movements, as well as to set profit targets and stop-loss safeguards because of its ability ... incorrect—resulting in short-term fireworks for the USD currency pairs Retail Sales The retail sales report is a measure of the total receipts of retail stores from samples representing all sizes and...

Ngày tải lên: 20/06/2014, 20:20

... discussion of the classic trading versus trending concept, see Forex Patterns and Probabilities by Ed Ponsi ( John Wiley & Sons, 2007) Technical Analysis 135 Wave and Swing Analysis Wave and swing ... In his analysis of stocks in the 192 0s and 193 0s, Elliott was able to identify and categorize nine levels of cycles (that is, a sequence of successive waves) over the same time period for a single ... Time series analysis is a complex and ever-changing discipline Advanced studies include deviation Technical Analysis FIGURE 11.22 137 The Expert Cycle System analysis, retracement studies, statistical...

Ngày tải lên: 20/06/2014, 20:20

... beginners whose charter is to be self-directed traders, such as signal services, so-called Expert Advisors, and automated order-entry tools The emphasis is on web sites with content for traders who ... FOREX this web site is a one-stop-shop John Bland s and Jay Meisler s site also offers excellent links as well as educational, resource, and advisory tools Unlike most others where new traders reign, ... When testing any trading system—yours or someone else s be sure to test it over a wide range of market environments See Chapter 18, “Improving Your Trading Skills.” Most systems’ back tests fail...

Ngày tải lên: 20/06/2014, 20:20

... methods—Goodman Wave Theory and Market Environments, offering instruction as well as trading ideas The web site also updates this book, answers readers questions, and digs deeper on topics in this ... articles volumes, available in hard copy or dvd Books www.traderspress.com I would be remiss if I did not accord special mention to Ed Dobson s Traders Press, www.traderspress.com, which has been ... trader just sits back and makes money trading Platform vendors make every effort to get as many brokers to offer their platform as possible, not just because it means more business When traders shop...

Ngày tải lên: 20/06/2014, 20:20

... Beginning Session Lines are thick vertical lines; the Ending Session Lines are thin verticals I actually use green and red for session The Plan! The Plan! 199 FIGURE 15.4 Session Lines Source: ... winners he makes 150 pips ϫ ϭ 450 pips On the losers he is Ϫ50 ϫ ϭ 350 pips Life is good, but it depends on keeping the per winners-losers ratio from falling The success of a trader is always a ... lot if the position is profitable NEVER add to a losing position under any circumstances There is an ongoing discussion among traders, teachers, and researchers as to whether stops should be mental...

Ngày tải lên: 20/06/2014, 20:20

... from session-to-session and the longer it will take to get started each new session How many sessions you trade in a year? I trade four to five sessions a week typically; sometimes as many as or ... discuss their trading with others • Successful traders let the market its thing and try to take advantage Unsuccessful traders attempt to impose their will on the markets • Successful traders ... clusters Market environments may also be used to back-test systems and methods using historical data Rather than looking for the usual suspects of Sharpe Ratio and so forth, look for methods that...

Ngày tải lên: 20/06/2014, 20:20

... the position over several days A put helps anchor your position against the risks and vagaries of a long-term hold In FOREX the risks associated with long hold periods are substantial Strategy ... European session for the Zloty, Asian session for the Baht Fills are an issue for exotic traders and make short-term trading difficult because such cost must be figured into the equation Fifteen pips ... opportunities My advice: There is enough action in the major pairs and the top-tier minors and crosses in the spot market to satisfy most traders Consider options as a money management tool more than as...

Ngày tải lên: 20/06/2014, 20:20

... Dollars SHP Saint Helena Pounds SIT Slovenia Tolars SKK Slovakia Koruny SLL Sierra Leone Leones SOS Somalia Shillings SPL Seborga Luigini SRG Suriname Guilders STD S o Tomé, Principe Dobras SVC El Salvador ... Rials ROL Romania Lei RUR Russia Rubles RWF Rwanda Rwanda Francs SAR Saudi Arabia Riyals SBD Solomon Islands Dollars SCR Seychelles Rupees SDD Sudan Dinars SEK Sweden Kronor SGD Singapore Dollars ... Commission www.cftc.gov National Futures Association www.nfa.futures.org Financial Services Authority www.fsa.gov.uk Australian Securities & Investments Commission www.asic.gov.au/asic/asic.nsf...

Ngày tải lên: 20/06/2014, 20:20

... 155.49 Sometimes abbreviated as S/ L straight-through processing Orders are not stopped or massaged at a dealing desk but are sent straight through from liquidity providers to buyers and sellers strike ... the market See running stops stop-loss order Order type where an open position is automatically liquidated at a specific price Often used to minimize exposure to losses if the market moves against ... harvesting stops Like ballooning, considered a negative practice by traders scalper Someone who trades often Trades are typically measured in minutes but sometimes seconds SEC Securities and...

Ngày tải lên: 20/06/2014, 20:20

... and is comprised primarily of residential housing Housing is interest rate–sensitive and is one of the first sectors to react to changes in interest rates Significant reaction of starts/permits ... movements, technical analysis has become the primary tool to successfully analyze and trade shorter-term price movements, as well as to set profit targets and stop-loss safeguards because of its ability ... incorrect—resulting in short-term fireworks for the USD currency pairs Retail Sales The retail sales report is a measure of the total receipts of retail stores from samples representing all sizes and...

Ngày tải lên: 22/06/2014, 04:20