EXECUTIVE SUMMARY ………………………………………………………………..2 PAIRS TRADING: INTRODUCTION……………………………………………………..3 KEY CHARACTERISTICS………………………………………………………………….5 INSTRUMENTS USED FOR PAIRS TRADING ………………………………………...8 STRATEGY …………………………………………………………………………………10 TESTING FOR MEAN REVERSION ……………………………………………………10 PAIRS TRADING MODEL ………………………………………………………………..11 a. Screening for Pairs b. Trading Rules c. Risk Management d. Risk involved STEPS IN PAIR TRADING ……………………………………………………………….14 CASES ………………………………………………………………………………………
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Carbon Trading: Future Money Making Venture for India Sarika Gupta Assistant Professor‚ P.M.B. Gujrati Commerce Collage‚ Indore Abstract Carbon Trading are generated by enterprises in the developing world that shift to cleaner technologies and thereby consumption‚ consequently reducing their greenhouse gas emissions. For each tone of carbon dioxide (the major GHG) emission avoided‚ the entity can get a carbon emission certificate which they can sell either immediately or through a futures market
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Insider dealing in Hong Kong Although insider dealing has been a criminal offence under section 291 of Chapter 571‚ Securities and Futures Ordinance (SFO) in Hong Kong since 2003‚ the Securities and Futures Commission (SFC) was initially slow to prosecute offenders‚ commencing its first criminal insider dealing prosecution only in January 2008. Factors to be considered to commence criminal proceedings In deciding whether to commence criminal proceedings against an alleged insider dealer
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Philippine International Trading Corporation (PITC)‚ a line corporation under the Department of Trade and Industry (DTI)‚ is a self-sustaining government corporation operating under its Revised Charter‚ Presidential Decree (PD) 1071 (1077) as amended. Since its establishment in 1973 as the government’s only international trading corporation‚ Philippine International Trading Corporation (PITC)‚ has been in the forefront of the Government’s economic agenda on market expansion‚ global competitiveness
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Intro Abuse Risk Activities Policy Chapter 9 Trading and Speculation Jon Danielsson © 2009‚ 2010‚ 2011‚ 2012 LSE Michaelmas Term 2012 Intro Abuse Risk Activities Policy Introduction Intro Abuse Risk Activities Policy Speculation Force for good and force for bad • Speculators help farmers to plan production • And traders to threaten the financial system • There is no clear definition • But generally investment is long–term‚ speculation
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INTERNET TRADING / ONLINE TRADING 1 What is online trading in securities? Online trading in securities refers to the facility of investor being able to place his own orders using the internet trading platform offered by the trading member viz.‚ the broker. The orders so placed by the investor using internet would be routed through the trading member. 2 How can one start trading online? To start with‚ investor needs to identify a trading member who offers internet trading facility and register
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Commodities Futures Trading in India Indian markets have recently thrown open a new avenue for retail investors and traders to participate: commodity derivatives. For those who want to diversify their portfolios beyond shares‚ bonds and real estate‚ commodities is the best option. What is commodity trading? It’s an age-old phenomenon. Modern markets came up in the late 18th century‚ when farming began to be modernised. Though the trade’s mechanisms have changed‚ the basics are still the same
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Sakim Lim FI-302 11/25/2012 Trading Game Report Rewarding the John Parulis’s article “what just happened to in the stock market?”‚ government economy plan and Treasury bonds may influence the stock market. And espeacially the government budget increase and government treasury bonds downgraded from AAA to AA+ by standard and Poor’s are important causes for stock market. “Last week‚ the Dow Jones Industrial Average rose or fell by at least 400 points for four straight days‚ a stock market first
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PAIR TRADING STRATEGIES Presented by: Industry Guide: Faculty Guide: Anand Agrawal - 09206 Sulagn Patanaik - 09150 Mr. Vivek Gupta Prof. Devi Prasad Bedari & Dr. Jaba M. Gupta Company: CapitalVia Global Research Ltd. Road Map About CapitalVia Why Pair Trading? Project Objective Scope What is Pair Trading? Methodology Strategy Analysis Observations Findings Limitations Future Scope Pair Trading 1 November 2010 CapitalVia Global Research Ltd. Investment advisory firm Stock tips Commodity
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Review Energy Trading. 1) Other than price & quantity there are three common characteristics of any contract. Identify each of these three and discuss their relevance to valuation of commodities. Form: What exactly is being delivered‚ Cost of transformation: taking one form and transforming to another form. Riskless trade capturing the full cost of transformation. Space: Location for delivery of the contract‚ driver is the cost of transporting an asset from one point to another. Riskless
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