EUREX Clearing Paper Released
That mantra which we have recited for years is a great deal more important than ever before as the EUREX paper notes.
NLX: Missed Opportunity
NLX still couldn’t score.
NLX: Big Data: Easy to Find?
Given that NLX has SMARTS installed, how could they either miss any evidence of trading activity as per what I have discerned through rather more long-form methods?
HFT2: 1972 A Historical Perspective
I paused in my discussion of HFT for some days as the situation had become simply too hot.
NLX: The Butterfly (In)effect
NLX would rise to the top of the Cappuccino forth of exchange competition and vanquish all comers…
Creating A Chain of Value
“The Innovators Dilemma,” apart from being an interesting tome by Clayton Christensen, remains an ongoing problem for many businesses.
India: What Will Modi Do?
Hopes are that the old maxim of a “Hindu rate of growth’ may yet be entirely expunged from the Indian lexicon by the leader of the Hindu Nationalist party itself.
The ZA Pivot
The opportunities for JSE are enormous, despite being hamstrung by a domestic economy and government which leave a lot to be desired, even by African standards.
ICAP Explores A New Galaxy
The traditional ICAP universe is dead - now IDBs and SEFs are heading into a whole new galaxy of opportunity...
HFT: The Early Years
HFT is nothing new. In fact the time advantage of millisecond or microseconds is highly modest compared to the seconds, minutes, hours, perhaps days of previous iterations of ultra low latency...
The Dark Pool Kiss of Death
So the “dark pool” terminology is redundant in terms of failing to describe any particular segment. It is also increasingly toxic for the simple expedient that it sounds “bad.”
Homer Simpson & The Supermodel Buffet - aka a Guide to Clearing in the New Era
...Instead of the catwalk divas, in wanders Homer Simpson, Barney Gumble and all the regulars of Moe’s Tavern from the Simpson’s tv show. Eager to clean your buffet many times over, probably consuming full plates of tofu with a single gulp.
Buying A Stake in MCX - A Guide For The Perplexed
This is by no means an exhaustive list and if you would like more input we suggest you contact the offices of DV Advisors, who will dispense bespoke insights and wisdom to ensure an even higher level of elucidation...
Indian Commodity Exchanges - Background
A very brief guide to accompany other special investment coverages while the MCX stake of FTIL is up for sale
Updated 27/3/2014: Neither Fit Nor Proper: The FTIL Fire Sale
FTIL holds 26% of the publicly traded commodity bourse which closed at around 505 INR on March 20th (it bottomed out at 238.50 last August at the nadir of the NSEL crisis) and has a market capitalisation of 2576.15 crore giving a P/e of 13.87 and a book value of 226.82 Rps per share.