QLBS: Q-Learner in the Black-Scholes(-Merton) Worlds. (arXiv:1712.04609v1...
This paper presents a discrete-time option pricing model that is rooted in Reinforcement Learning (RL), and more specifically in the famous Q-Learning method of RL. We construct a risk-adjusted Markov...
View ArticleFederal Reserve Board And Federal Open Market Committee Release Economic...
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 December...
View ArticleB3 Announces New Ticker: B3SA3 - Ticker Symbol Enters Into Force On March 26,...
B3 announces that the company’s stock is to be assigned the new ticker symbol B3SA3, which will replace BVMF3 on March 26, 2018. The company will trade under the name B3 instead of BMFBOVESPA from next...
View ArticleFederal Reserve Issues FOMC Statement
Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate....
View ArticleCboe Data Shop Plans To Add FX Offerings, Spot And Futures Bitcoin Data -...
Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE) today announced Cboe Data Shop will add historical spot foreign exchange data from Cboe FX to its range of offerings beginning tomorrow, December...
View ArticleGoodbye Ethereum: Kik Plans to Move Its ICO Tokens to Stellar
Kik founder Ted Livingston announced on Wednesday that his company was moving its Kin token app from ethereum to Stellar.
View ArticleThe evaluation of geometric Asian power options under time changed mixed...
The aim of this paper is to evaluate geometric Asian option by a mixed fractional subdiffusive Black-Scholes model. We derive a pricing formula for geometric Asian option when the underlying stock...
View ArticleThe consentaneous model of the financial markets exhibiting spurious nature...
It is widely accepted that there is strong persistence in financial time series. The origin of the observed persistence, or long-range memory, is still an open problem as the observed phenomenon could...
View ArticleThe Mathematics of Market Timing. (arXiv:1712.05031v1 [q-fin.PM])
Market timing is an investment technique that tries to continuously switch investment into assets forecast to have better returns. What is the likelihood of having a successful market timing strategy?...
View ArticleSeries representation of the pricing formula for the European option driven...
In this paper, we show that the price of an European call option, whose underlying asset price is driven by the space-time fractional diffusion, can be expressed in terms of rapidly convergent...
View ArticleInvesting in Your 20s and 30s For Dummies, 2nd Edition
In order to build a retirement portfolio that is capable of covering expenses in your golden years, it's necessary to start saving while you're young. Many individuals realize the importance of...
View ArticlePersonal Finance in Your 20s and 30s For Dummies
Millennials often confront greater difficulties—including economic uncertainty and student debt—than those who came before them. This new financial responsibility can be intimidating, and many people...
View ArticleThe Disney-Fox Deal: Scale is NOT the Most Important Rationale
This week, Disney acquired a significant portion of the 21st Century Fox business for $52.4 billion. What is the rationale for the deal? Fortune's Andrew Nusca took a crack at explaining why this deal...
View ArticleUK's Financial Conduct Authority Publishes Feedback Statement On Distributed...
The Financial Conduct Authority (FCA) has today published feedback on its Discussion Paper on Distributed Ledger Technology (DLT).read more...
View ArticleHKEX Proposes Way Forward To Expand Hong Kong’s Listing Regime
Hong Kong Exchanges and Clearing Limited (HKEX) and its subsidiary The Stock Exchange of Hong Kong Limited (the Exchange) today (Friday) announced the conclusions to the New Board Concept Paper...
View ArticleTrading Charity At Börse Frankfurt Brings In 135,000 Euros For Two...
Deutsche Börse and the specialists active on the Frankfurt trading floor today announced the proceeds raised from the “Trading Charity – Handeln und Helfen” (Trade and Help) event on the Frankfurt...
View ArticleSIX: Legal Certainty For "Terravis" Electronic Land Information System
In their concluding vote on 15 December 2017, Swiss legislators approved the planned amendment to the Swiss Civil Code (ZGB) on the modernisation and digitalisation of the Swiss civil registry and the...
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ACER Publishes A No-Action Letter To Further Extend The Relief Reporting...
The Agency published yesterday a No-action Letter, thus extending the relief on the requirement to report, upon the Agency’s reasoned request, the contracts and details of transactions in relation to...
View ArticleMiFID II: ESMA Updates On Commodity Derivatives
The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) regarding commodity derivatives under the Market in Financial Instruments Directive (MiFID...
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