The total value of shares traded for the week ending 5 May 2016 amounted to SAR 30.15 billion, decreasing by 24.01% over the previous week; while total stock market capitalization reached SAR 1,532.44* billion at the end of this period, decreasing by 1.68% over the previous week.
The total value of shares purchased by "Saudi Investors" during this period amounted to SAR 29.07 billion representing 96.43% of total buying activity, and sales of SAR 29.04 billion representing 96.30% of total selling activity. Total ownership of "Saudi Investors" stood at 93.14% of total market capitalization as of 5 May 2016, representing an increase of 0.06% from the previous week.
The total value of shares purchased by "GCC Investors" during this period amounted to SAR 0.358 billion representing 1.19% of total buying activity, and sales of SAR 0.447 billion representing 1.48% of total selling activity. Total ownership of "GCC Investors" stood at 2.55% of total market capitalization as of 5 May 2016, representing a decrease of 0.004% from the previous week.
The total value of shares purchased by "Foreign Investors" during this period amounted to SAR 0.719 billion representing 2.39% of total buying activity, and sales of SAR 0.667 billion representing 2.21% of total selling activity. Total ownership of "Foreign Investors" stood at 4.31% of total market capitalization as of 5 May 2016, representing a decrease of 0.05% from the previous week.
* Deposited bounce shares of 456,686,681 SAR was reflected as on 5th of May holding value.
To view the detailed Monthly Stock Market Ownership and Trading Activity Report please Click Here
The Saudi Stock Exchange Announces The Publication Of The Weekly Stock Market Ownership And Trading Activity Report (By Nationality And Investor Type)
↧
↧
Unbiased Monte Carlo Simulation of Diffusion Processes. (arXiv:1605.01998v1 [q-fin.CP])
Monte Carlo simulations of diffusion processes often introduce bias in the final result, due to time discretization. Using an auxiliary Poisson process, it is possible to run simulations which are unbiased. In this article, we propose such a Monte Carlo scheme which converges to the exact value. We manage to keep the simulation variance finite in all cases, so that the strong law of large numbers guarantees the convergence. Moreover, the simulation noise is a decreasing function of the Poisson process intensity. Our method handles multidimensional processes with nonconstant drifts and nonconstant variance-covariance matrices. It also encompasses stochastic interest rates.
↧
The Accounting Network: how financial institutions react to systemic crisis. (arXiv:1605.01976v1 [q-fin.GN])
The role of Network Theory in the study of the financial crisis has been widely spotted in the latest years. It has been shown how the network topology and the dynamics running on top of it can trigger the outbreak of large systemic crisis. Following this methodological perspective we introduce here the Accounting Network, i.e. the network we can extract through vector similarities techniques from companies' financial statements. We build the Accounting Network on a large database of worldwide banks in the period 2001-2013, covering the onset of the global financial crisis of mid-2007. After a careful data cleaning, we apply a quality check in the construction of the network, introducing a parameter (the Quality Ratio) capable of trading off the size of the sample (coverage) and the representativeness of the financial statements (accuracy). We compute several basic network statistics and check, with the Louvain community detection algorithm, for emerging communities of banks. Remarkably enough sensible regional aggregations show up with the Japanese and the US clusters dominating the community structure, although the presence of a geographically mixed community points to a gradual convergence of banks into similar supranational practices. Finally, a Principal Component Analysis procedure reveals the main economic components that influence communities' heterogeneity. Even using the most basic vector similarity hypotheses on the composition of the financial statements, the signature of the financial crisis clearly arises across the years around 2008. We finally discuss how the Accounting Networks can be improved to reflect the best practices in the financial statement analysis.
↧
The wage transition in developed countries and its implications for China. (arXiv:1605.01949v1 [q-fin.GN])
The expression "wage transition" refers to the fact that over the past two or three decades in all developed economies wage increases have levelled off. There has been a widening divergence and decoupling between wages on the one hand and GDP per capita on the other hand. Yet, in China wages and GDP per capita climbed in sync (at least up to now). In the first part of the paper we present comparative statistical evidence which measures the extent of the wage transition effect. In a second part we consider the reasons of this phenomenon, in particular we explain how the transfers of labor from low productivity sectors (such as agriculture) to high productivity sectors (such as manufacturing) are the driver of productivity growth, particularly through their synergetic effects. Although rural flight represents only one of these effects, it is certainly the most visible because of the geographical relocation that it implies; it is also the most well-defined statistically. Moreover, it will be seen that it is a good indicator of the overall productivity and attractivity of the non-agricultural sector. Because this model accounts fairly well for the observed evolution in industrialized countries, we use it to predict the rate of Chinese economic growth in the coming decades. Our forecast for the average annual growth of real wages ranges from 4% to 6% depending on how well China will control the development of its healthcare industry.
↧
Is it "natural" to expect Economics to become a part of the Natural Sciences?. (arXiv:1605.01920v1 [q-fin.GN])
We are in the middle of a complex debate as to whether Economics is really a proper natural science. The 'Discussion & Debate' issue of this Euro. Phys. J. Special Topic volume is: 'Can economics be a Physical Science?' I discuss some aspects here.
↧
↧
Optimal market making. (arXiv:1605.01862v1 [q-fin.TR])
Market makers provide liquidity to other market participants: they propose prices at which they stand ready to buy and sell a wide variety of assets. They face a complex optimization problem with static and dynamic components: they need indeed to propose bid and offer/ask prices in an optimal way for making money out of the difference between these two prices (their bid-ask spread), while mitigating the risk associated with price changes -- because they seldom buy and sell simultaneously, and therefore hold long or short inventories which expose them to market risk. In this paper, (i) we propose a general modeling framework which generalizes (and reconciles) the various modeling approaches proposed in the literature since the publication of the seminal paper "High-frequency trading in a limit order book" by Avellaneda and Stoikov, (ii) we prove new general results on the existence and the characterization of optimal market making strategies, (iii) we obtain new closed-form approximations for the optimal quotes, (iv) we extend the modeling framework to the case of multi-asset market making, and (v) we show how the model can be used in practice in the specific case of the corporate bond market and for two credit indices.
↧
Power Play: Game Changing Influence Strategies For Leaders
Power Play is the powerful and practical 21stcentury guide to mega-impact and influence, providing business leaders with explosive influence strategies to move people into action and results. Influence, like gravity, pulls success into your orbit and gives you the power to make real changes in your relationships, your organisation and the world. This book explores the different
read more...↧
Summary Of April 2016 Activities At The Tokyo Commodity Exchange - TOCOM April Volume Averaged 117,063 Contracts Per Day, Up 3.6%
The Tokyo Commodity Exchange announced today average daily volume for April 2016 was 117,063 contracts, up 3.6%. TOCOM Dubai Crude Oil was up 18.1% to 27,582 contracts, Rubber rose 6.3% to 11,462 contracts and Corn was up 117.7% to 1,842 contracts. These gains outpaced a drop in volume for Gold Standard, which was down 9.1% to 35,622 contracts. Gold Standard is TOCOM’s most active contract.
read more...↧
Saudi Arabia's Capital Market Authority: Announcement Regarding The Publication Of The Instructions Of Book Building Process And Allocation Method In Initial Public Offering (IPOs) For Public Consultation
As part of the Capital Market Authority's continuous efforts to develop the capital market, and based on the Capital Market Law issued by the Royal Decree Number (M/30) Dated 2/6/1424 H, the CMA Board has issued its Resolution which includes publishing the Instructions of Book Building Process and Allocation Method in Initial Public Offering (IPOs) on CMA’s website (indicated below) to enable concerned and interested parties to provide their comments and observations. The CMA would be pleased to receive such comments and observations either at the following email: Invest.Development@cma.org.sa, Fax number (+966114906012) or the mail address (P.O. Box 87171 Riyadh 11642, Listed Companies & Investment Products Deputy) no later than Thursday 19/8/1437H 26/5/2016G. All comments and observations will be taken into consideration for the purpose of issuing the final Instructions.
↧
↧
HUB24 Deploys Catalys By Itiviti To Elevate Equities Trading Execution And Routing Services In Australia
Itiviti, a world-leading technology provider for the capital markets industry, today announced that Australian company HUB24 Limited (HUB24) has selected Itiviti’s Catalys FIX Engine to enhance its proprietary investment and superannuation platform for better execution performance and connectivity.
read more...↧
Tokai Tokyo Securities (Asia) goes live with Fidessa's Asian trading platform
↧
Tokai Tokyo Securities (Asia) Goes Live With Fidessa's Asian Trading Platform
Fidessa group plc (LSE: FDSA) today announced that Tokai Tokyo Securities (Asia) Limited, a wholly-owned subsidiary of Tokai Tokyo Financial Holdings, Inc., has gone live in Hong Kong with its Asian trading platform as a fully outsourced service.
read more...↧
Borsa Italiana Monthly Update April 2016
Click here to download Borsa Italiana's monthly update for April 2016.
↧
↧
Dubai Financial Services Authority Fines Former Licensed Directors
The Dubai Financial Services Authority (DFSA) has fined two individuals USD 56,000 (AED 205,520) each for failing to act with due skill, care and diligence, which caused an Authorised Firm to breach the DFSA’s Anti-Money Laundering (AML) Rules.
read more...↧
Assets Invested In ETFs/ETPs Listed Globally Reached A New Record High Of 3.137 Trillion US Dollars At The End Of April 2016, According To ETFGI
Assets invested in ETFs/ETPs listed globally reached a new record high US$3.137 trillion at the end of April 2016, according to preliminary data from ETFGI’s April 2016 global ETF and ETP industry insights report. (click here to view the ETFGI chart showing global asset growth).
Record levels of assets were also reached at the end of April for ETFs/ETPs listed in the United States at US$2.217 trillion, in Canada US$77.42 billion, in Europe US$533.34 billion, in Japan US$145.93 billion and in Asia Pacific ex-Japan which reached US$125.21 billion.
At the end of April 2016, the Global ETF/ETP industry had 6,297 ETFs/ETPs, with 12,126 listings, assets of US$3.137 trillion, from 283 providers listed on 65 exchanges in 51 countries.
“Following a strong market performance in March the S+P 500 index was up just 0.39% in April. Developed markets ex-US were up 3.20%, while emerging markets ended up 1.05%. The S+P GSCI commodity index was up 10.14% in April. There is still a significant amount of uncertainty in the markets due to the upcoming Brexit vote, the US election, the efficacy and future of QE programs around the world." according to Deborah Fuhr, managing partner at ETFGI.
In April 2016, ETFs/ETPs listed globally gathered net inflows of US$10.13 Bn this marks the 27th consecutive month of net inflows. Fixed income ETFs/ETPs gathered the largest net inflows with US$7.73 Bn, followed by equity ETFs/ETPs with US$2.39 Bn, while commodity ETFs/ETPs experienced net outflows with US$136 Mn.
YTD through end of April 2016, ETFs/ETPs have seen net inflows of US$79.402 Bn. YTD record level of net new assets have been gathered by fixed income ETFs/ETPs with US$48.66 Bn, Commodity ETFs/ETPs with US$14.425 Bn, leveraged inverse ETFs/ETPs with US$4.67 Bn and Inverse ETFs/ETPs with US$2.39 Bn.
In April iShares gathered the largest net ETF/ETP inflows in April with US$6.01 Bn, followed by Vanguard with US$5.98 Bn and ProShares with US$1.18 Bn in net inflows.
↧
Deutsche Börse Cash Market: New UBS Commodity Index ETF Excluding Agriculture And Livestock Sectors Launched On Xetra - ETF Offers Access To Performance Of A Broadly Diversified Basket Of Commodity Contracts
A new UBS Global Asset Management commodity index ETF has been tradable via Xetra and Börse Frankfurt since Monday.
read more...↧
ITG Releases April 2016 U.S. Trading Volumes
NEW YORK, May 09, 2016 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that April 2016 U.S. trading volume was 2.7 billion shares and average daily volume (ADV) was 129 million shares. This compares to 3.5 billion shares and ADV of 159 million shares in March 2016 and 3.9 billion shares and ADV of 184 million shares in April 2015. There were 21 trading days in both April 2016 and April 2015 and 22 trading days in March 2016. In addition to overall U.S. trading volumes, ITG also provides a monthly summary of average daily volume (double counted) and average trade size for the POSIT ® crossing network and the POSIT Alert® ...
↧
↧
Family Ruptures, Stress, and the Mental Health of the Next Generation -- by Petra Persson, Maya Rossin-Slater
This paper studies how in utero exposure to maternal stress from family ruptures affects later mental health. We find that prenatal exposure to the death of a maternal relative increases take-up of ADHD medications during childhood and anti-anxiety and depression medications in adulthood. Further, family ruptures during pregnancy depress birth outcomes and raise the risk of perinatal complications necessitating hospitalization. Our results suggest large welfare gains from preventing fetal stress from family ruptures and possibly from economically induced stressors such as unemployment. They further suggest that greater stress exposure among the poor may partially explain the intergenerational persistence of poverty.
↧
Pricing Assets in an Economy with Two Types of People -- by Roger E.A. Farmer
This paper constructs a general equilibrium model with two types of people where asset price fluctuations are caused by random shocks to the price level that reallocate consumption across generations. In this model, asset prices are volatile, and price-earnings ratios are persistent, even though there is no fundamental uncertainty and financial markets are sequentially complete. I show that the model can explain a substantial risk premium while generating smooth time series for consumption and financial assets across types. In my model, asset price fluctuations are Pareto inefficient and there is a role for treasury or central bank intervention to stabilize asset prices.
↧
Parental Responses to Child Support Obligations: Evidence from Administrative Data -- by Maya Rossin-Slater, Miriam Wuest
We leverage non-linearities in Danish child support guidelines and rich administrative data to provide causal estimates of parental behavioral responses to child support obligations. We estimate that a 1,000 DKK ($149) increase in a father's obligation is associated with a 506 DKK ($75) increase in his payment. A higher obligation also reduces father-child co-residence, pointing to substitution between financial and non-pecuniary investments. Further, obligations increase parental post-separation fertility, and reduce labor supply among high-income fathers. Our findings suggest that government efforts to increase child investments through mandates on parents can be complicated by their behavioral responses to them.
↧
More Pages to Explore .....
