Activist retail investors and the future of financial markets,
Автор: MacKenzie Donald Название: Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets ISBN: 0691211388 ISBN-13(EAN): 9780691211381 Издательство: Wiley Рейтинг: Цена: 36960.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: A remarkable look at how the growth, technology, and politics of high-frequency trading have altered global financial marketsIn today's financial markets, trading floors on which brokers buy and sell shares face-to-face have increasingly been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions. Trading at the Speed of Light tells the story of this epic transformation. Donald MacKenzie shows how in the 1990s, in what were then the disreputable margins of the US financial system, a new approach to trading-automated high-frequency trading or HFT-began and then spread throughout the world.
HFT has brought new efficiency to global trading, but has also created an unrelenting race for speed, leading to a systematic, subterranean battle among HFT algorithms. In HFT, time is measured in nanoseconds (billionths of a second), and in a nanosecond the fastest possible signal-light in a vacuum-can travel only thirty centimeters, or roughly a foot. That makes HFT exquisitely sensitive to the length and transmission capacity of the cables connecting computer servers to the exchanges' systems and to the location of the microwave towers that carry signals between computer datacenters.
Drawing from more than 300 interviews with high-frequency traders, the people who supply them with technological and communication capabilities, exchange staff, regulators, and many others, MacKenzie reveals the extraordinary efforts expended to speed up every aspect of trading. He looks at how in some markets big banks have fought off the challenge from HFT firms, and how exchanges sometimes engineer technical systems to favor certain types of algorithms over others. Focusing on the material, political, and economic characteristics of high-frequency trading, Trading at the Speed of Light offers a unique glimpse into its influence on global finance and where it could lead us in the future.
Автор: Lo Andrew W. Название: Adaptive Markets: Financial Evolution at the Speed of Thought ISBN: 0691191360 ISBN-13(EAN): 9780691191362 Издательство: Wiley Рейтинг: Цена: 20050.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание:
A new, evolutionary explanation of markets and investor behavior
Half of all Americans have money in the stock market, yet economists can't agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe. This is one of the biggest debates in economics and the value or futility of investment management and financial regulation hangs on the answer. In this groundbreaking book, Andrew Lo cuts through this debate with a new framework--the Adaptive Markets Hypothesis--in which rationality and irrationality coexist. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo's new paradigm explains how financial evolution shapes behavior and markets at the speed of thought--a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work.
Автор: Linton David E. Название: Foundations of Investment Management: Mastering Financial Markets, Asset Classes, and Investment Strategies ISBN: 1604271655 ISBN-13(EAN): 9781604271652 Издательство: Mare Nostrum (Eurospan) Рейтинг: Цена: 50120.00 T Наличие на складе: Невозможна поставка. Описание: Foundations of Investment Management: Mastering Financial Markets, Asset Classes, and Investment Strategies shows how to navigate today's world of complex financial instruments, investment opportunities, and devastating pitfalls. This reader-friendly guide details stocks, bonds, and alternative investments, who invests in these asset classes, how, and why. It uses real-world examples in addition to citing the latest academic research. Additionally, seven industry experts have co-authored select chapters to greatly expand the depth and utility of this book for the reader. This unique guide is perfect for financial analysts, portfolio managers, client-facing representatives, product specialists, and anybody early in their finance career who wishes to understand how clients, products, and investors relate and interact.
Foundations of Investment Management provides a complete overview of the investment management industry; defines key terms and participants; identifies investment vehicles, strategies, and asset classes; and analyzes each strategy focusing on its relative utility and potential inclusion in a well-diversified portfolio. Despite the subject mater's complexity, each topic is distilled in a way that is highly relatable and intuitive, ensuring the reader knows how to better manage their investments or interact with clients. Lastly, every chapter closes with a summary and investment implications to maximize the information presented. Key Features:
Defines various fund structures, discusses the growth of the mutual fund industry, explains the benefits and disadvantages of comingled vehicles and details other investment options including fund of funds, annuities, and separately managed accounts
Presents detailed descriptions of different institutional investors; elaborates on their investment considerations, objectives, and reaction functions; and concludes with implications for an institutions
propensity to respond similarly to market developments
Supplies tools and techniques to construct and optimize a fixed income portfolio
Reviews the history of the Bank of England and U.S. Federal Reserve and describes central bank objectives, tools, and reaction functions
Illustrates the difference between investing and speculating by introducing different valuation methods and approaches to developing an investment thesis
Examines the growth of high frequency trading and identifies rebalancing strategies
Identifies different stock investment approaches as well as introduces several equity valuation methods
Describes mean variance optimization and conviction-based portfolio construction approaches
Reviews bond basics including bond income, interest rate sensitivity, and sources of risk such as credit and liquidity
Examines the history of real assets, defines each real asset, details the drivers of their return, and explains how an investor may gain exposure to each asset through the utilization of financial instruments or investment vehicles
Presents the theory behind and history of factors and factor investing from both an academic and practitioner perspective.
Presents the development of our understanding of behavioral biases, explains how these biases impact investment decisions, and provides tips and techniques to avoid their pitfalls
Автор: Brown Название: The News And The Noise: An Investor`S Guide To Financial Media ISBN: 0071817921 ISBN-13(EAN): 9780071817929 Издательство: McGraw-Hill Рейтинг: Цена: 26300.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Provides what you need to get started on the right foot in the increasingly popular options market. This book helps you learn what options are and how they work, their pros and cons, their relationship with stocks, and how to use them to gain leverage, generate extra income, and protect against adverse price movements.
Автор: D. Gregory Название: Unmasking Financial Psychopaths ISBN: 1349475394 ISBN-13(EAN): 9781349475391 Издательство: Springer Рейтинг: Цена: 46570.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Unmasking Financial Psychopaths suggests that an increasing number of financiers labeled "financial psychopaths" are not truly psychopathic, but instead are by-products of a rapidly changing personal and professional environment.
Автор: Morecroft Название: The Origins of Asset Management from 1700 to 1960 ISBN: 3319847589 ISBN-13(EAN): 9783319847580 Издательство: Springer Рейтинг: Цена: 46570.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book explores the origins and development of the asset management profession in Britain as a distinct activity within financial services, independent of banks and stockbrokers.
Автор: Theresa Herrmann Название: The Decision Usefulness of Additional Fair Value Disclosures ISBN: 3658248319 ISBN-13(EAN): 9783658248314 Издательство: Springer Рейтинг: Цена: 46570.00 T Наличие на складе: Поставка под заказ. Описание: Conducting an experiment Theresa Herrmann investigates why nonprofessional investors fail to incorporate disclosures on fair value estimates into their investment decision and what causes this exclusion. Differentiating between different types of disclosures and the development of the fair value (gain vs. loss) the results indicate that with a fair value gain, none of the disclosure information increases decision usefulness, irrespective of the presentation format. When a fair value loss occurs, fair value disclosures presented in a salient presentation format decrease decision usefulness. Thus, investors have varying information needs that are strongly linked to the development of a firm’s key asset.
Do you want to learn how start and be successful in dividend investing? If yes, then keep reading...
It's very clear that the world we live in requires more money, as there are plenty of temptations out there, which can empty your wallet and your bank account. Unfortunately, almost nobody is keen on saving money, as most people live in debt, work 2-3 jobs to pay their mortgage and other debts. Clearly, this lifestyle can lead you to the madhouse, as something has to change to relieve yourself from these shackles. Saving money and depositing it into a bank account is clearly not the best way to get a handsome return on your money. Some people already tried different types of investment, more or less risky, to generate more income for them.
Investing in dividend-paying stocks is something to look for in the long run, as you probably will not feel too rich in a few months. Think of it just like planting a seed, and letting it grow in the years to come. It can be the perfect retirement strategy if you are looking for an additional income. However, there are plenty of investors out there who are impatient and simply don't have the time to wait for an income. After all, with dividends, you are being paid to wait. But you will need to wait for an extremely long period of time, and see how money is being sent to you by the companies you invested in.
Studies have shown that dividend-paying stocks are performing a lot better than the rest of the stocks, so this can be an extra reason why investors should consider investing in them. Finding the right stocks to invest in is not an easy task, as you will need to analyze indicators like EPS (earning per share), DPR (dividend pay-out ratio), the value of the dividends, but also the dividend growth rate or total return. If you are skilled enough, then you know how to avoid the traps like way too high DPR, high yields with small return rates and so on. You will always need to ask yourself if the company can support paying the dividends for a longer period of time, as some of them are luring the investors with extremely attractive DPRs, which are simply not sustainable for a longer period of time.
This book covers the following topics:
An introduction to dividend stocks;
Choosing dividend stocks for your investment portfolio;
Dividend income and taxes;
Fundamental analysis;
Beginning your investment plans;
Investment strategies for dividend stocks;
Investing using funds;
Factors to consider when investing in dividend stocks;
The benefits of investing in dividend stocks;
MLPS: strike oil or make money off those who do;
Momentum trading strategy;
...And much more.
This book will put things in perspective, both when it comes to how dividends work and how to make the most out of them and when it comes to their role in an investment portfolio. More than that, I hope that my book has given you hope and a push of ambition. Dividend investing is not easy, but it's not rocket science either - and that makes it the perfect choice for those of you who are ready to put a bit of effort and see considerable results growing over the years.
Ready to get started? Grab this book now
Автор: Camarda Jeff, Lee Steven James, Lee Jerusha Название: The Financial Storm Warning for Investors: How to Prepare and Protect Your Wealth from Tax Hikes and Market Crashes ISBN: 3030772705 ISBN-13(EAN): 9783030772703 Издательство: Springer Рейтинг: Цена: 30740.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Some may never be able to retire.Investors and savers of every age and stripe will want to pay careful attention to the concentrated wisdom in this book and take proactive steps to protect themselves while there`s still time.
Автор: Gregory Название: Unmasking Financial Psychopaths ISBN: 1137370750 ISBN-13(EAN): 9781137370754 Издательство: Springer Рейтинг: Цена: 55890.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Unmasking Financial Psychopaths suggests that an increasing number of financiers labeled "financial psychopaths" are not truly psychopathic, but instead are by-products of a rapidly changing personal and professional environment.
Technical analysis is defined as the tracking and prediction of asset price movements using charts and graphs in combination with various mathematical and statistical methods. More precisely, it is the quantitative criteria used in predicting the relative strength of buying and selling forces within a market to determine what to buy, what to sell, and when to execute trades.
This book introduces simple technical analysis tools like moving averages and Bollinger bands, and also advanced techniques such as wavelets and empirical mode decomposition. It first discusses some traditional tools in technical analysis, such as trend, trend Line, trend channel, Gann's Theory, moving averages, and Bollinger bands. It then introduces a recent indicator developed for stock market and two recent techniques used in the technical analysis field: wavelets and the empirical mode decomposition in financial time series. The book also discusses the theory to test the performance of the indicators and introduces the MATLAB Financial Toolbox, some of the functions/codes of which are used in our numerical experiments.
Автор: Carlisle Tobias E Название: Deep Value ISBN: 1118747968 ISBN-13(EAN): 9781118747964 Издательство: Wiley Рейтинг: Цена: 71810.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: The economic climate is ripe for another golden age of shareholder activism. This book offers an exploration of deep value investment strategy, describing the evolution of the theories of valuation and shareholder activism from Graham to Icahn and beyond.
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