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Sample records for taiwan stock exchange

  1. Some new evidence on bond initial public offerings in the Taiwan Stock Exchange: An industrial perspective

    NASA Astrophysics Data System (ADS)

    Ke, Mei-Chu; Liang Liao, Tung; Hsu, Hong-Ming

    2007-05-01

    This study examines the determinants of types of bonds at the initial public offerings (IPOs) for the Taiwan Stock Exchange (TWSE). From an industrial perspective, R&D expenditures are mainly positively related to issuing straight bonds and future growth opportunities to convertible bonds for electronic firms. In the non-electronic industry, firms with significant financing needs are more likely to issue convertible bonds, whereas those without such requirement are more likely to issue straight bonds. It is also found that electronic firms convey a significant negative signal to the stock market, while non-electronic firms experience an insignificant stock price response surrounding the announcements of the bond IPO.

  2. Stock Exchange

    ERIC Educational Resources Information Center

    Silverman, Jerry Stuart

    1974-01-01

    Using play money, students buy and sell six types of stock certificates at prices determined periodically by tossing three dice; all students participate as investors, brokers, or banker. In addition to gaining practice on computational skills in a motivational game, students study the real stock market concurrently. (SD)

  3. Stock or stroke? Stock market movement and stroke incidence in Taiwan.

    PubMed

    Chen, Chun-Chih; Chen, Chin-Shyan; Liu, Tsai-Ching; Lin, Ying-Tzu

    2012-12-01

    This paper investigates the impact of stock market movement on incidences of stroke utilizing population-based aggregate data in Taiwan. Using the daily data from the Taiwan Stock Exchange Capitalization Weighted Stock Index and from the National Health Insurance Research Database during 2001/1/1-2007/12/31, which consist of 2556 observations, we examine the effects of stock market on stroke incidence - the level effect and the daily change effects. In general, we find that both a low stock index level and a daily fall in the stock index are associated with greater incidences of stroke. We further partition the data on sex and age. The level effect is found to be significant for either gender, in the 45-64 and 65 ≥ age groups. In addition, two daily change effects are found to be significant for males and the elderly. Although stockholdings can increase wealth, they can also increase stroke incidence, thereby representing a cost to health. PMID:22951009

  4. The overnight effect on the Taiwan stock market

    NASA Astrophysics Data System (ADS)

    Tsai, Kuo-Ting; Lih, Jiann-Shing; Ko, Jing-Yuan

    2012-12-01

    This study examines statistical regularities among three components of stocks and indices: daytime (trading hour) return, overnight (off-hour session) return, and total (close-to-close) return. Owing to the fact that the Taiwan Stock Exchange (TWSE) has the longest non-trading periods among major markets, the TWSE is selected to explore the correlation among the three components and compare it with major markets such as the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation (NASDAQ). Analysis results indicate a negative cross correlation between the sign of daytime return and the sign of overnight return; possibly explaining why most stocks feature a negative cross correlation between daytime return and overnight return [F. Wang, S.-J. Shieh, S. Havlin, H.E. Stanley, Statistical analysis of the overnight and daytime return, Phys. Rev. E 79 (2009) 056109]. Additionally, the cross correlation between the magnitude of returns is analyzed. According to those results, a larger magnitude of overnight return implies a higher probability that the sign of the following daytime return is the opposite of the sign of overnight return. Namely, the predictability of daytime return might be improved when a stock undergoes a large magnitude of overnight return. Furthermore, the cross correlations of 29 indices of worldwide markets are discussed.

  5. 26 CFR 1.1081-3 - Exchanges of stock or securities solely for stock or securities.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... § 1.1081-3 Exchanges of stock or securities solely for stock or securities. The exchange, without the.... An exchange is not within the provisions of section 1081 (a) unless the stock or securities... stock or securities. Also the exchange may be made by a holder of stock or securities with an...

  6. Cross-Correlations in Warsaw Stock Exchange

    NASA Astrophysics Data System (ADS)

    Rak, R.; Kwapień, J.; Oświęcimka, P.; Drożdż, S.

    2008-09-01

    We study the inter-stock correlations for the largest companies listed on Warsaw Stock Exchange and included in the WIG20 index. Our results from the correlation matrix analysis indicate that the Polish stock market can be well described by a one-factor model. We also show that the stock- stock correlations tend to increase with the timescale of returns and they approach a saturation level for the timescales of at least 200 min, i.e. an order of magnitude longer than in the case of some developed markets. We also show that the strength of correlations among the stocks crucially depends on their capitalization. These results combined with our earlier findings together suggest that now the Polish stock market situates itself somewhere between an emerging market phase and a mature market phase.

  7. 26 CFR 1.1081-3 - Exchanges of stock or securities solely for stock or securities.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ....c. Orders § 1.1081-3 Exchanges of stock or securities solely for stock or securities. The exchange... constitute nonexempt property. An exchange is not within the provisions of section 1081 (a) unless the stock... to stock or securities in the corporation from which they are received. An exchange within...

  8. 26 CFR 1.1081-3 - Exchanges of stock or securities solely for stock or securities.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ....c. Orders § 1.1081-3 Exchanges of stock or securities solely for stock or securities. The exchange... constitute nonexempt property. An exchange is not within the provisions of section 1081 (a) unless the stock... to stock or securities in the corporation from which they are received. An exchange within...

  9. 26 CFR 1.1081-3 - Exchanges of stock or securities solely for stock or securities.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ....c. Orders § 1.1081-3 Exchanges of stock or securities solely for stock or securities. The exchange... constitute nonexempt property. An exchange is not within the provisions of section 1081 (a) unless the stock... to stock or securities in the corporation from which they are received. An exchange within...

  10. 26 CFR 1.1081-3 - Exchanges of stock or securities solely for stock or securities.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ....c. Orders § 1.1081-3 Exchanges of stock or securities solely for stock or securities. The exchange... constitute nonexempt property. An exchange is not within the provisions of section 1081 (a) unless the stock... to stock or securities in the corporation from which they are received. An exchange within...

  11. 8. Detail of viaduct, livestock exchange building to left, stock ...

    Library of Congress Historic Buildings Survey, Historic Engineering Record, Historic Landscapes Survey

    8. Detail of viaduct, livestock exchange building to left, stock yards autopark right. View to north. - South Omaha Union Stock Yards, Buckingham Road Viaduct, Twenty-ninth Street spanning Stockyard Cattle Pens, Omaha, Douglas County, NE

  12. Are stock market returns related to the weather effects? Empirical evidence from Taiwan

    NASA Astrophysics Data System (ADS)

    Chang, Tsangyao; Nieh, Chien-Chung; Yang, Ming Jing; Yang, Tse-Yu

    2006-05-01

    In this study, we employ a recently developed econometric technique of the threshold model with the GJR-GARCH process on error terms to investigate the relationships between weather factors and stock market returns in Taiwan using daily data for the period of 1 July 1997-22 October 2003. The major weather factors studied include temperature, humidity, and cloud cover. Our empirical evidence shows that temperature and cloud cover are two important weather factors that affect the stock returns in Taiwan. Our empirical findings further support the previous arguments that advocate the inclusion of economically neutral behavioral variables in asset pricing models. These results also have significant implications for individual investors and financial institutions planning to invest in the Taiwan stock market.

  13. 76 FR 7236 - Self-Regulatory Organizations; Stock Clearing Corporation of Philadelphia; Boston Stock Exchange...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-02-09

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; Stock Clearing Corporation of Philadelphia; Boston Stock Exchange Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to a Stockholders' Agreement Between...

  14. Random matrix theory and portfolio optimization in Moroccan stock exchange

    NASA Astrophysics Data System (ADS)

    El Alaoui, Marwane

    2015-09-01

    In this work, we use random matrix theory to analyze eigenvalues and see if there is a presence of pertinent information by using Marčenko-Pastur distribution. Thus, we study cross-correlation among stocks of Casablanca Stock Exchange. Moreover, we clean correlation matrix from noisy elements to see if the gap between predicted risk and realized risk would be reduced. We also analyze eigenvectors components distributions and their degree of deviations by computing the inverse participation ratio. This analysis is a way to understand the correlation structure among stocks of Casablanca Stock Exchange portfolio.

  15. Non-equilibrium stochastic model for stock exchange market

    NASA Astrophysics Data System (ADS)

    Kim, Yup; Kwon, Ikhyun; Yook, Soon-Hyung

    2013-12-01

    We study the effect of the topology of industrial relationship (IR) between the companies in a stock exchange market on the universal features in the market. For this we propose a stochastic model for stock exchange markets based on the behavior of technical traders. From the numerical simulations we measure the return distribution, P(R), and the autocorrelation function of the volatility, C(T), and find that the observed universal features in real financial markets are originated from the heterogeneity of IR network topology. Moreover, the heterogeneous IR topology can also explain Zipf-Pareto’s law for the distribution of market value of equity in the real stock exchange markets.

  16. Materials problems and enhancements for LWR heat exchangers in Taiwan

    SciTech Connect

    Lee, J.I.; Lai, H.C.; Yang, J.P.; Mao, W.Y.; Chu, F.; Tseng, G.J.; Fan, B.T.; Horng, H.N.

    1992-12-31

    This paper summarizes the investigated results of corrosion-related failures in LWR heat exchangers (main condensers and feedwater heaters) in Taiwan, including galvanic corrosion in Al-bronze tubesheets, erosion-corrosion in Cu-10Ni alloy tubes in both steam side and water side, and pitting corrosion in AISI 304 S. S. tubes of feedwater heaters. It also discusses the successes of various remedial actions implemented in the field for resolving these problems, and then some further investigations in LWR heat exchanger are described.

  17. Implicit exchanges in family caregiving for frail elders in Taiwan.

    PubMed

    Hsu, Hui-Chuan; Shyu, Yea-Ing Lotus

    2003-10-01

    In this study, the authors use in-depth interviews with inductive analysis to develop a conceptual framework for exploring social exchanges and their implicit calculations for caregivers in Taiwan. They interviewed 12 caregivers, based on theory-based sampling and maximum variation. They found some components of implicit exchanges of the caregivers, and drew a framework to describe it. At the beginning of care, motivations were mostly from obligation accompanied by reciprocity or repaying motives. In the process of caregiving, some unique, implicit cultural implicit exchanges were found, such as karma, a demonstrative behavior to investment, equitable share of responsibility, and the pressure or rewards from public opinion. These implicit exchanges might be intermediary factors in helping caregivers cope with their burden or even in influencing their continuation of care. The findings are implicated to help family caregivers continue their care and not damage their quality of care. PMID:14556420

  18. 26 CFR 1.354-1 - Exchanges of stock and securities in certain reorganizations.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... exchange for other stock or to a security holder who surrenders his securities in exchange for stock... an exchange of stock or securities if a greater principal amount of securities is received than the... applicable. (c) An exchange of stock or securities shall be subject to section 354(a)(1) even though—...

  19. 26 CFR 1.354-1 - Exchanges of stock and securities in certain reorganizations.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... exchange for other stock or to a security holder who surrenders his securities in exchange for stock... an exchange of stock or securities if a greater principal amount of securities is received than the... applicable. (c) An exchange of stock or securities shall be subject to section 354(a)(1) even though—...

  20. 26 CFR 1.354-1 - Exchanges of stock and securities in certain reorganizations.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... exchange for other stock or to a security holder who surrenders his securities in exchange for stock... an exchange of stock or securities if a greater principal amount of securities is received than the... applicable. (c) An exchange of stock or securities shall be subject to section 354(a)(1) even though—...

  1. 26 CFR 1.354-1 - Exchanges of stock and securities in certain reorganizations.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... circumstances no gain or loss is recognized to a shareholder who surrenders his stock in exchange for other stock or to a security holder who surrenders his securities in exchange for stock. Section 354 also... exchange of stock or securities shall be subject to section 354(a)(1) even though— (1) Such exchange is...

  2. Modeling Philippine Stock Exchange Composite Index Using Time Series Analysis

    NASA Astrophysics Data System (ADS)

    Gayo, W. S.; Urrutia, J. D.; Temple, J. M. F.; Sandoval, J. R. D.; Sanglay, J. E. A.

    2015-06-01

    This study was conducted to develop a time series model of the Philippine Stock Exchange Composite Index and its volatility using the finite mixture of ARIMA model with conditional variance equations such as ARCH, GARCH, EG ARCH, TARCH and PARCH models. Also, the study aimed to find out the reason behind the behaviorof PSEi, that is, which of the economic variables - Consumer Price Index, crude oil price, foreign exchange rate, gold price, interest rate, money supply, price-earnings ratio, Producers’ Price Index and terms of trade - can be used in projecting future values of PSEi and this was examined using Granger Causality Test. The findings showed that the best time series model for Philippine Stock Exchange Composite index is ARIMA(1,1,5) - ARCH(1). Also, Consumer Price Index, crude oil price and foreign exchange rate are factors concluded to Granger cause Philippine Stock Exchange Composite Index.

  3. 75 FR 2914 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-01-19

    ... COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate... hereby given that on January 4, 2010, the Chicago Stock Exchange, Inc. (``CHX'' or ``Exchange'') filed...; National Stock Exchange (``NSX'') Fee Schedule; NYSE Arca Fee Schedule; International Securities...

  4. 77 FR 14450 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-03-09

    ... COMMISSION Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...\\ notice is hereby given that on March 1, 2012, National Stock Exchange, Inc. filed with the Securities and... Stock Exchange, Inc. (``NSX '' or ``Exchange'') is proposing to amend its Fee and Rebate Schedule...

  5. Cluster fusion-fission dynamics in the Singapore stock exchange

    NASA Astrophysics Data System (ADS)

    Teh, Boon Kin; Cheong, Siew Ann

    2015-10-01

    In this paper, we investigate how the cross-correlations between stocks in the Singapore stock exchange (SGX) evolve over 2008 and 2009 within overlapping one-month time windows. In particular, we examine how these cross-correlations change before, during, and after the Sep-Oct 2008 Lehman Brothers Crisis. To do this, we extend the complete-linkage hierarchical clustering algorithm, to obtain robust clusters of stocks with stronger intracluster correlations, and weaker intercluster correlations. After we identify the robust clusters in all time windows, we visualize how these change in the form of a fusion-fission diagram. Such a diagram depicts graphically how the cluster sizes evolve, the exchange of stocks between clusters, as well as how strongly the clusters mix. From the fusion-fission diagram, we see a giant cluster growing and disintegrating in the SGX, up till the Lehman Brothers Crisis in September 2008 and the market crashes of October 2008. After the Lehman Brothers Crisis, clusters in the SGX remain small for few months before giant clusters emerge once again. In the aftermath of the crisis, we also find strong mixing of component stocks between clusters. As a result, the correlation between initially strongly-correlated pairs of stocks decay exponentially with average life time of about a month. These observations impact strongly how portfolios and trading strategies should be formulated.

  6. Multivariate Comparative Analysis of Stock Exchanges: The European Perspective

    NASA Astrophysics Data System (ADS)

    Koralun-Bereźnicka, Julia

    The aim of the research is to perform a multivariate comparative analysis of 20 European stock exchanges in order to identify the main similarities between the objects. Due to the convergence process of capital markets in Europe the similarities between stock exchanges could be expected to increase over time. The research is meant to show whether and how these similarities change. Consequently, the distances between clusters of similar stock exchanges should become less significant, which the analysis also aims at verifying. The basis of comparison is a set of 48 monthly variables from the period January, 2003 to December, 2006. The variables are classified into three categories: size of the market, equity trading and bonds. The paper aims at identifying the clusters of alike stock exchanges and at finding the characteristic features of each of the distinguished groups. The obtained categorization to some extent corresponds with the division of the European Union into “new” and “old” member countries. Clustering method, performed for each quarter separately, also reveals that the classification is fairly stable in time. The factor analysis, which was carried out to reduce the number of variables, reveals three major factors behind the data, which are related with the earlier mentioned categories of variables.

  7. “Price-Quakes” Shaking the World's Stock Exchanges

    PubMed Central

    Andersen, Jørgen Vitting; Nowak, Andrzej; Rotundo, Giulia; Parrott, Lael; Martinez, Sebastian

    2011-01-01

    Background Systemic risk has received much more awareness after the excessive risk taking by major financial instituations pushed the world's financial system into what many considered a state of near systemic failure in 2008. The IMF for example in its yearly 2009 Global Financial Stability Report acknowledged the lack of proper tools and research on the topic. Understanding how disruptions can propagate across financial markets is therefore of utmost importance. Methodology/Principal Findings Here, we use empirical data to show that the world's markets have a non-linear threshold response to events, consistent with the hypothesis that traders exhibit change blindness. Change blindness is the tendency of humans to ignore small changes and to react disproportionately to large events. As we show, this may be responsible for generating cascading events—pricequakes—in the world's markets. We propose a network model of the world's stock exchanges that predicts how an individual stock exchange should be priced in terms of the performance of the global market of exchanges, but with change blindness included in the pricing. The model has a direct correspondence to models of earth tectonic plate movements developed in physics to describe the slip-stick movement of blocks linked via spring forces. Conclusions/Significance We have shown how the price dynamics of the world's stock exchanges follows a dynamics of build-up and release of stress, similar to earthquakes. The nonlinear response allows us to classify price movements of a given stock index as either being generated internally, due to specific economic news for the country in question, or externally, by the ensemble of the world's stock exchanges reacting together like a complex system. The model may provide new insight into the origins and thereby also prevent systemic risks in the global financial network. PMID:22073168

  8. 26 CFR 1.1248-6 - Sale or exchange of stock in certain domestic corporations.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... 26 Internal Revenue 11 2011-04-01 2011-04-01 false Sale or exchange of stock in certain domestic... Losses § 1.1248-6 Sale or exchange of stock in certain domestic corporations. (a) General rule. If a United States person recognizes gain upon the sale or exchange of a share (or block) of stock of...

  9. 26 CFR 1.1248-6 - Sale or exchange of stock in certain domestic corporations.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... 26 Internal Revenue 11 2013-04-01 2013-04-01 false Sale or exchange of stock in certain domestic... Losses § 1.1248-6 Sale or exchange of stock in certain domestic corporations. (a) General rule. If a United States person recognizes gain upon the sale or exchange of a share (or block) of stock of...

  10. 26 CFR 1.356-4 - Exchanges for section 306 stock.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... exchange for section 306 stock, an amount equal to the fair market value of the property plus the money, if... (including money) received will first be treated as received in exchange for any section 306 stock owned by a... $100, the bond will be deemed received in exchange for the section 306 stock and it will be treated...

  11. 26 CFR 1.356-4 - Exchanges for section 306 stock.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... received in exchange for section 306 stock, an amount equal to the fair market value of the property plus... property (including money) received will first be treated as received in exchange for any section 306 stock... value of $100, the bond will be deemed received in exchange for the section 306 stock and it will...

  12. 26 CFR 1.356-4 - Exchanges for section 306 stock.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... received in exchange for section 306 stock, an amount equal to the fair market value of the property plus... property (including money) received will first be treated as received in exchange for any section 306 stock... value of $100, the bond will be deemed received in exchange for the section 306 stock and it will...

  13. 26 CFR 1.1248-6 - Sale or exchange of stock in certain domestic corporations.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... 26 Internal Revenue 11 2014-04-01 2014-04-01 false Sale or exchange of stock in certain domestic... Losses § 1.1248-6 Sale or exchange of stock in certain domestic corporations. (a) General rule. If a United States person recognizes gain upon the sale or exchange of a share (or block) of stock of...

  14. 26 CFR 1.1248-6 - Sale or exchange of stock in certain domestic corporations.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... 26 Internal Revenue 11 2012-04-01 2012-04-01 false Sale or exchange of stock in certain domestic... Losses § 1.1248-6 Sale or exchange of stock in certain domestic corporations. (a) General rule. If a United States person recognizes gain upon the sale or exchange of a share (or block) of stock of...

  15. 26 CFR 1.356-4 - Exchanges for section 306 stock.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... received in exchange for section 306 stock, an amount equal to the fair market value of the property plus... property (including money) received will first be treated as received in exchange for any section 306 stock... value of $100, the bond will be deemed received in exchange for the section 306 stock and it will...

  16. 78 FR 41966 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-07-12

    ... COMMISSION Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate... thereunder,\\2\\ notice is hereby given that on July 1, 2013, National Stock Exchange, Inc. (``NSX '' or... priced at $1 or above to the CBOE Stock Exchange, Inc. (``CBSX'') from $0.0013 per share to (a)...

  17. From Buttonwood to Silicon--A Bicentennial Look at the New York Stock Exchange.

    ERIC Educational Resources Information Center

    Pahl, Ronald H.

    1992-01-01

    Introduces a journal issue devoted to the New York Stock Exchange. Describes the formation and development of the stock exchange and Wall Street. Discusses the connection between politics and finance and the economic changes in formerly socialist nations. Suggests that the New York Stock Exchange may have to convert to a computer trading system.…

  18. 26 CFR 1.1248-6 - Sale or exchange of stock in certain domestic corporations.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 26 Internal Revenue 11 2010-04-01 2010-04-01 true Sale or exchange of stock in certain domestic....1248-6 Sale or exchange of stock in certain domestic corporations. (a) General rule. If a United States person recognizes gain upon the sale or exchange of a share (or block) of stock of a domestic...

  19. 26 CFR 1.356-4 - Exchanges for section 306 stock.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... exchange for section 306 stock, an amount equal to the fair market value of the property plus the money, if... (including money) received will first be treated as received in exchange for any section 306 stock owned by a... $100, the bond will be deemed received in exchange for the section 306 stock and it will be treated...

  20. 76 FR 27735 - Self-Regulatory Organizations; Chicago Stock Exchange, Incorporated; Notice of Filing and...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-05-12

    ... transactions.\\9\\ \\9\\ Securities Exchange Act Release No. 55884 (June 8, 2007), 72 FR 32926 (June 14, 2007... COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Incorporated; Notice of Filing and... on April 26, 2011, the Chicago Stock Exchange, Incorporated (``Exchange'' or ``CHX'') filed with...

  1. Structural and topological phase transitions on the German Stock Exchange

    NASA Astrophysics Data System (ADS)

    Wiliński, M.; Sienkiewicz, A.; Gubiec, T.; Kutner, R.; Struzik, Z. R.

    2013-12-01

    We find numerical and empirical evidence for dynamical, structural and topological phase transitions on the (German) Frankfurt Stock Exchange (FSE) in the temporal vicinity of the worldwide financial crash. Using the Minimal Spanning Tree (MST) technique, a particularly useful canonical tool of the graph theory, two transitions of the topology of a complex network representing the FSE were found. The first transition is from a hierarchical scale-free MST representing the stock market before the recent worldwide financial crash, to a superstar-like MST decorated by a scale-free hierarchy of trees representing the market’s state for the period containing the crash. Subsequently, a transition is observed from this transient, (meta)stable state of the crash to a hierarchical scale-free MST decorated by several star-like trees after the worldwide financial crash. The phase transitions observed are analogous to the ones we obtained earlier for the Warsaw Stock Exchange and more pronounced than those found by Onnela-Chakraborti-Kaski-Kertész for the S&P 500 index in the vicinity of Black Monday (October 19, 1987) and also in the vicinity of January 1, 1998. Our results provide an empirical foundation for the future theory of dynamical, structural and topological phase transitions on financial markets.

  2. An empirical investigation of Australian Stock Exchange data

    NASA Astrophysics Data System (ADS)

    Bertram, William K.

    2004-10-01

    We present an empirical study of high frequency Australian equity data examining the behaviour of distribution tails and the existence of long memory. A method is presented allowing us to deal with Australian Stock Exchange data by splitting it into two separate data series representing an intraday and overnight component. Power-law exponents for the empirical density functions are estimated and compared with results from other studies. Using the autocorrelation and variance plots we find there to be a strong indication of long-memory type behaviour in the absolute return, volume and transaction frequency.

  3. 77 FR 67849 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-14

    ... Exchange, Inc. (``CBSX'').\\3\\ Moreover, following these changes, NSX connectivity costs will still be lower... COMMISSION Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...,\\2\\ notice is hereby given that on October 31, 2012, National Stock Exchange, Inc. (``NSX ''...

  4. 78 FR 61413 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-10-03

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...\\ thereunder, notice is hereby given that on September 26, 2013, the Chicago Stock Exchange, Inc. (``CHX''...

  5. 78 FR 9756 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-11

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate... thereunder,\\2\\ notice is hereby given that on January 25, 2013, National Stock Exchange, Inc. (``NSX ''...

  6. 77 FR 72423 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-12-05

    ...). See also Exchange Act Release No. 58546 (September 15, 2008) 73 FR 54440 (September 19, 2008) (SR... COMMISSION Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...,\\2\\ notice is hereby given that on November 14, 2012, National Stock Exchange, Inc. (``NSX'' or...

  7. 78 FR 15065 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-08

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate... thereunder,\\2\\ notice is hereby given that on February 26, 2013, National Stock Exchange, Inc. (``NSX ''...

  8. Extreme value modelling of Ghana stock exchange index.

    PubMed

    Nortey, Ezekiel N N; Asare, Kwabena; Mettle, Felix Okoe

    2015-01-01

    Modelling of extreme events has always been of interest in fields such as hydrology and meteorology. However, after the recent global financial crises, appropriate models for modelling of such rare events leading to these crises have become quite essential in the finance and risk management fields. This paper models the extreme values of the Ghana stock exchange all-shares index (2000-2010) by applying the extreme value theory (EVT) to fit a model to the tails of the daily stock returns data. A conditional approach of the EVT was preferred and hence an ARMA-GARCH model was fitted to the data to correct for the effects of autocorrelation and conditional heteroscedastic terms present in the returns series, before the EVT method was applied. The Peak Over Threshold approach of the EVT, which fits a Generalized Pareto Distribution (GPD) model to excesses above a certain selected threshold, was employed. Maximum likelihood estimates of the model parameters were obtained and the model's goodness of fit was assessed graphically using Q-Q, P-P and density plots. The findings indicate that the GPD provides an adequate fit to the data of excesses. The size of the extreme daily Ghanaian stock market movements were then computed using the value at risk and expected shortfall risk measures at some high quantiles, based on the fitted GPD model. PMID:26587364

  9. 26 CFR 1.1248-1 - Treatment of gain from certain sales or exchanges of stock in certain foreign corporations.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... defined in section 7701(a)(30)) recognizes gain on a sale or exchange after December 31, 1962, of stock in... stock in a domestic corporation as the sale or exchange of stock held by the domestic corporation in a... treated as in exchange for stock under section 302(a) (relating to distributions in redemption of...

  10. 26 CFR 1.1248-1 - Treatment of gain from certain sales or exchanges of stock in certain foreign corporations.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... defined in section 7701(a)(30)) recognizes gain on a sale or exchange after December 31, 1962, of stock in... stock in a domestic corporation as the sale or exchange of stock held by the domestic corporation in a..., see § 1.1248-1T(b). (c) Gain recognized. Section 1248(a) applies to a sale or exchange of stock in...

  11. 26 CFR 1.1248-1 - Treatment of gain from certain sales or exchanges of stock in certain foreign corporations.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... defined in section 7701(a)(30)) recognizes gain on a sale or exchange after December 31, 1962, of stock in... stock in a domestic corporation as the sale or exchange of stock held by the domestic corporation in a... treated as in exchange for stock under section 302(a) (relating to distributions in redemption of...

  12. 26 CFR 1.1248-1 - Treatment of gain from certain sales or exchanges of stock in certain foreign corporations.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... defined in section 7701(a)(30)) recognizes gain on a sale or exchange after December 31, 1962, of stock in... stock in a domestic corporation as the sale or exchange of stock held by the domestic corporation in a..., see § 1.1248-1T(b). (c) Gain recognized. Section 1248(a) applies to a sale or exchange of stock in...

  13. Application of artificial neural network models and principal component analysis method in predicting stock prices on Tehran Stock Exchange

    NASA Astrophysics Data System (ADS)

    Zahedi, Javad; Rounaghi, Mohammad Mahdi

    2015-11-01

    Stock price changes are receiving the increasing attention of investors, especially those who have long-term aims. The present study intends to assess the predictability of prices on Tehran Stock Exchange through the application of artificial neural network models and principal component analysis method and using 20 accounting variables. Finally, goodness of fit for principal component analysis has been determined through real values, and the effective factors in Tehran Stock Exchange prices have been accurately predicted and modeled in the form of a new pattern consisting of all variables.

  14. Taiwan.

    PubMed

    1988-03-01

    Attention in this discussion of Taiwan is directed to the following: geography; the people -- education, languages, religions, and cultural background; history; administration; political conditions; the economy; defense; foreign relations; and relations between the US and Taiwan. In 1987 the population was estimated to be 19.7 million with an annual growth rate of 1.07%. The infant mortality rate in 1986 was 0.7% with a life expectancy of 70.8 for men and 75.8 for women. Taipei, which continues its claim of sovereignty over all of China in the name of the "Republic of China," exercises control only over the island of Taiwan, the Penghu Islands, and about 20 offshore islands, most near the China mainland. Most native Taiwanese speak a variant of the Amoy (Hokkien) dialect of Southern Fujian. The predominant religion is a combination of Buddhism and Taoism. Chinese sources show migration to Taiwan began as early as A.D. 500. Dutch traders 1st claimed the island in 1624 as a base for Dutch commerce with Japan and the China coast. The 1st major influx of migrants from the Chinese mainland came during the Dutch period. In 1664, a Chinese fleet led by the Ming loyalist Zheng Chenggong retreated from the mainland and occupied Taiwan. Zheng expelled the Dutch and established Taiwan as a base in his attempt to restore the Ming Dynasty. After his death in 1683, his successors submitted to Manchu control. Manchu China ruled Taiwan as a frontier district until it was declared a separate Chinese province in 1886. The authorities in Taipei claim to be the government of all China, including Taiwan. When President Chiang Ching-kuo died in 1988, he was succeeded by Vice President Lee Teng-hui, who had been elected along with Chiang by the National Assembly to a 6-year term. Until 1986, Taiwan's political system was effectively 1 party. Before elections in 1986, many "nonpartisans" grouped together to form Taiwan's 1st new political party in over 4 decades -- the Democratic Progressive Party. Friction between mainlanders and native Taiwanese continues to be a problem, but it has abated with time and the gradual melding of the 2 Chinese communities. Taiwan has changed from an agricultural to an industrialized economy over the past 30 years. During 1973-82, the gross domestic product rose at an annual average of 9.5% in real terms. President Carter signed into law on April 10, 1979, the Taiwan Relations Act, which created domestic legal authority for the conduct of unofficial relations with Taiwan. PMID:12177975

  15. 77 FR 16298 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-03-20

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate... the New York Stock Exchange Price List March 14, 2012. Pursuant to Section 19(b)(1) of the Securities..., 2012, New York Stock Exchange LLC (``NYSE'' or ``Exchange'') filed with the Securities and...

  16. Creating a Global Stock Exchange: Does the Present National System Have a Future?

    ERIC Educational Resources Information Center

    Warner-Allen, Charles

    Sovereignty and national pride throw up potentially the biggest obstacles in the path of a global stock exchange, being all the more insurmountable because of their bases in emotional politics as opposed to economic logic. A global stock exchange could come about if New York, London and Tokyo could consolidate their current baton-passing activity…

  17. 76 FR 44386 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-25

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate... Rule 19b-4 thereunder,\\2\\ notice is hereby given that, on July 12, 2011, the Chicago Stock...

  18. 77 FR 68183 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-15

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate... Rule 19b-4 thereunder,\\2\\ notice is hereby given that on October 31, 2012, the Chicago Stock...

  19. 78 FR 29165 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-05-17

    ...) (Stock Split/Stock Rights/Stock Dividend Listing Process) of the Manual to the form of due-bill agreement... disclosure regarding options.\\13\\ \\13\\ See Securities Exchange Act Release No. 54344 (August 21, 2006), 71 FR... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed...

  20. 26 CFR 1.1081-7 - Sale of stock or securities received upon exchange by members of system group.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... to S.e.c. Orders § 1.1081-7 Sale of stock or securities received upon exchange by members of system... cancellation of stock or securities of the selling corporation which were outstanding at the time the exchange... stock or securities at the time of the exchange through which they were acquired by the...

  1. 26 CFR 1.1081-7 - Sale of stock or securities received upon exchange by members of system group.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... to S.e.c. Orders § 1.1081-7 Sale of stock or securities received upon exchange by members of system... cancellation of stock or securities of the selling corporation which were outstanding at the time the exchange... stock or securities at the time of the exchange through which they were acquired by the...

  2. 26 CFR 1.1081-7 - Sale of stock or securities received upon exchange by members of system group.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... to S.e.c. Orders § 1.1081-7 Sale of stock or securities received upon exchange by members of system... cancellation of stock or securities of the selling corporation which were outstanding at the time the exchange... stock or securities at the time of the exchange through which they were acquired by the...

  3. 26 CFR 1.1248-1 - Treatment of gain from certain sales or exchanges of stock in certain foreign corporations.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... in section 7701(a)(30)) recognizes gain on a sale or exchange after December 31, 1962, of stock in a...) and § 1.1248-4. For the treatment, under certain circumstances, of the sale or exchange of stock in a domestic corporation as the sale or exchange of stock held by the domestic corporation in a...

  4. 26 CFR 1.1081-7 - Sale of stock or securities received upon exchange by members of system group.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    .... Orders § 1.1081-7 Sale of stock or securities received upon exchange by members of system group. (a... cancellation of stock or securities of the selling corporation which were outstanding at the time the exchange... stock or securities at the time of the exchange through which they were acquired by the...

  5. Forecasting Tehran stock exchange volatility; Markov switching GARCH approach

    NASA Astrophysics Data System (ADS)

    Abounoori, Esmaiel; Elmi, Zahra (Mila); Nademi, Younes

    2016-03-01

    This paper evaluates several GARCH models regarding their ability to forecast volatility in Tehran Stock Exchange (TSE). These include GARCH models with both Gaussian and fat-tailed residual conditional distribution, concerning their ability to describe and forecast volatility from 1-day to 22-day horizon. Results indicate that AR(2)-MRSGARCH-GED model outperforms other models at one-day horizon. Also, the AR(2)-MRSGARCH-GED as well as AR(2)-MRSGARCH-t models outperform other models at 5-day horizon. In 10 day horizon, three models of AR(2)-MRSGARCH outperform other models. Concerning 22 day forecast horizon, results indicate no differences between MRSGARCH models with that of standard GARCH models. Regarding Risk management out-of-sample evaluation (95% VaR), a few models seem to provide reasonable and accurate VaR estimates at 1-day horizon, with a coverage rate close to the nominal level. According to the risk management loss functions, there is not a uniformly most accurate model.

  6. 76 FR 58553 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-21

    ..., effective September 1, 2011.\\4\\ \\4\\ Securities Exchange Act Rel. No. 34-65268 (Aug. 25, 2011), 76 FR 56246... September 1 to September 9, 2011 (Inclusive) September 14, 2011. Pursuant to Section 19(b)(1) of the... September 12, 2011, the Chicago Stock Exchange, Inc. (``CHX'' or the ``Exchange'') filed with the...

  7. 76 FR 39451 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-06

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Concerning the CHX Connect Service June 29, 2011. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934...

  8. 76 FR 56246 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-12

    ...-2010-02, Exchange Act. Rel. No. 34-61392 (January 21, 2010), 75 FR 4436 (Jan. 27, 2010). \\6\\ See, SR-CHX-2010-19, Exchange Act. Rel. No. 34-62642 (August 4, 2010), 75 FR 48404 (August 10, 2010). Since... COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and...

  9. 76 FR 50524 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-15

    ... Exchange Act Release No. 34-63487 (December 9, 2010), 75 FR 78279 December 15, 2010) regarding SR-CHX-2010-23. \\6\\ See Securities Exchange Act Release No. 64228 (April 7, 2011), 75 FR 20792 April 13, 2011... COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and...

  10. 76 FR 23634 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-27

    ... repricing. \\6\\ See Exchange Act Release No. 61595 (Feb. 26, 2010), 75 FR 11232 (Mar. 10, 2010) (adopting... order). See also, Exchange Act Release No. 63948 (Feb. 23, 2011), 76 FR 11303 (Mar. 1, 2011) (adopting... COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and...

  11. 78 FR 62782 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-10-22

    ... proposes to remove certain references to individual stock trading pauses contained in Rule 11.19(c)(4) and... Erroneous Executions and to remove references to individual stock trading pauses described in Rule 11.19(c... 8, 2014. \\4\\ See Securities Exchange Act Release No. 68803 (February 1, 2013); 78 FR 9078...

  12. 26 CFR 1.354-1 - Exchanges of stock and securities in certain reorganizations.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... circumstances no gain or loss is recognized to a shareholder who surrenders his stock in exchange for other... Interstate Commerce Act (49 U.S.C. 20b) as being in the public interest. Section 354 is not applicable to... W are parties, A, a shareholder in Corporation T, surrenders all his common stock in Corporation...

  13. 77 FR 63406 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-10-16

    ... offset the cost of providing a higher credit to DMMs that provide more liquidity (20-30%). The Exchange... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate..., New York Stock Exchange LLC (the ``Exchange'' or ``NYSE'') filed with the Securities and...

  14. 77 FR 15826 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-03-16

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule Change..., the New York Stock Exchange LLC (``NYSE'' or ``Exchange'') filed with the Securities and Exchange... (January 24, 2012), 77 FR 4604 (``Notice''). II. Description of the Proposed Rule Change NYBX is a...

  15. 77 FR 47471 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-08

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate... is hereby given that, on July 25, 2012, New York Stock Exchange LLC (the ``Exchange'' or...

  16. 75 FR 2175 - Self-Regulatory Organizations; The Chicago Stock Exchange, Inc.; Notice of Filing of Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-01-14

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; The Chicago Stock Exchange, Inc.; Notice of Filing of Proposed Rule... December 22, 2009, the Chicago Stock Exchange, Inc. (``CHX'' or ``Exchange'') filed with the Securities...

  17. 77 FR 4604 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-01-30

    ... is currently reflected. \\4\\ See Securities Exchange Act Release No. 60356 (July 21, 2009), 74 FR... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule... that, on January 11, 2012, the New York Stock Exchange LLC (``NYSE'' or ``Exchange'') filed with...

  18. Building a national electronic medical record exchange system - experiences in Taiwan.

    PubMed

    Li, Yu-Chuan Jack; Yen, Ju-Chuan; Chiu, Wen-Ta; Jian, Wen-Shan; Syed-Abdul, Shabbir; Hsu, Min-Huei

    2015-08-01

    There are currently 501 hospitals and about 20,000 clinics in Taiwan. The National Health Insurance (NHI) system, which is operated by the NHI Administration, uses a single-payer system and covers 99.9% of the nation's total population of 23,000,000. Taiwan's NHI provides people with a high degree of freedom in choosing their medical care options. However, there is the potential concern that the available medical resources will be overused. The number of doctor consultations per person per year is about 15. Duplication of laboratory tests and prescriptions are not rare either. Building an electronic medical record exchange system is a good method of solving these problems and of improving continuity in health care. In November 2009, Taiwan's Executive Yuan passed the 'Plan for accelerating the implementation of electronic medical record systems in medical institutions' (2010-2012; a 3-year plan). According to this plan, a patient can, at any hospital in Taiwan, by using his/her health insurance IC card and physician's medical professional IC card, upon signing a written agreement, retrieve all important medical records for the past 6 months from other participating hospitals. The focus of this plan is to establish the National Electronic Medical Record Exchange Centre (EEC). A hospital's information system will be connected to the EEC through an electronic medical record (EMR) gateway. The hospital will convert the medical records for the past 6 months in its EMR system into standardized files and save them on the EMR gateway. The most important functions of the EEC are to generate an index of all the XML files on the EMR gateways of all hospitals, and to provide search and retrieval services for hospitals and clinics. The EEC provides four standard inter-institution EMR retrieval services covering medical imaging reports, laboratory test reports, discharge summaries, and outpatient records. In this system, we adopted the Health Level 7 (HL7) Clinical Document Architecture (CDA) standards to generate clinical documents and Integrating the Healthcare Enterprise (IHE) Cross-enterprise Document Sharing (XDS) profile for the communication infrastructure. By December of 2014, the number of hospitals that provide an inter-institution EMR exchange service had reached 321. Hospitals that had not joined the service were all smaller ones with less than 100 beds. Inter-institution EMR exchange can make it much easier for people to access their own medical records, reduce the waste of medical resources, and improve the quality of medical care. The implementation of an inter-institution EMR exchange system faces many challenges. This article provides Taiwan's experiences as a reference. PMID:26001420

  19. 78 FR 59992 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-09-30

    ... a regulated foreign exchange following the consummation of the Reverse Merger.. However, such... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and...

  20. 78 FR 8673 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-06

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Delaying the Operative Date of a Rule Change to CHX Article 20, Rule 2, Which Provides, Among Other...

  1. 77 FR 56886 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-09-14

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Clarify the Purpose of, and Statutory Basis for, the September 4, 2012 Changes to the NSX Fee and...

  2. 78 FR 28924 - Self Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-05-16

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule Governing the Anti-Money Laundering Compliance Program May 10, 2013. Pursuant to Section...

  3. 77 FR 44301 - Self-Regulatory Organizations; Boston Stock Exchange Clearing Corporation; Notice of Filing of...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-07-27

    ... Group, Inc. (``NASDAQ OMX'') July 23, 2012. Pursuant to Section 19(b)(1) of the Securities Exchange Act... by-laws of its parent corporation, The NASDAQ OMX Group, Inc. (``NASDAQ OMX''). II. Self-Regulatory... COMMISSION Self-Regulatory Organizations; Boston Stock Exchange Clearing Corporation; Notice of Filing...

  4. 77 FR 74536 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-12-14

    ... communicating the details of the full or partial quantity of an inbound contra-side order that potentially may... model and technology, the Exchange maintains this high cost structure to foster competition between... COMMISSION Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and...

  5. 76 FR 45626 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-29

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Clarify the Application of the Fee Schedule to Certain Transactions of, and Services to, CHX Participants...

  6. 78 FR 1290 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-08

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Telemarketing Rules December 18, 2012. Correction In...

  7. 78 FR 4180 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-18

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Alter Fee Schedule Relating to Port Charges January 15, 2013. Pursuant to Section 19(b)(1) \\1\\ of...

  8. 77 FR 50742 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-22

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule Change Amending the New York Stock Exchange Price List To Provide for Additional Co-location Services and Establish Related Fees August 15, 2012....

  9. 76 FR 75573 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-02

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate..., on November 18, 2011, the New York Stock Exchange LLC (``NYSE'' or the ``Exchange'') filed with the... equivalent rating by another NRSRO, to a pari passu or junior issue. \\4\\ The only difference in...

  10. 75 FR 32832 - Self-Regulatory Organizations; The Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-09

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; The Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...,\\2\\ notice is hereby given that on June 1, 2010, the Chicago Stock Exchange, Inc. (``CHX''...

  11. 76 FR 10631 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-02-25

    ... Securities Exchange Act Release No. 59430 (February 20, 2009), 74 FR 9014 (February 27, 2009) (File No. SR... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...\\ notice is hereby given that, on February 14, 2011, New York Stock Exchange LLC (``NYSE'' or...

  12. 76 FR 32248 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Granting Approval of Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-06-03

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Order Granting Approval of Proposed Rule Change To Modify the Initial Trading Market Value for Debt Securities I. Introduction On April 1, 2011, the New York Stock Exchange LLC...

  13. Estimating time-varying conditional correlations between stock and foreign exchange markets

    NASA Astrophysics Data System (ADS)

    Tastan, Hüseyin

    2006-02-01

    This study explores the dynamic interaction between stock market returns and changes in nominal exchange rates. Many financial variables are known to exhibit fat tails and autoregressive variance structure. It is well-known that unconditional covariance and correlation coefficients also vary significantly over time and multivariate generalized autoregressive model (MGARCH) is able to capture the time-varying variance-covariance matrix for stock market returns and changes in exchange rates. The model is applied to daily Euro-Dollar exchange rates and two stock market indexes from the US economy: Dow-Jones Industrial Average Index and S&P500 Index. The news impact surfaces are also drawn based on the model estimates to see the effects of idiosyncratic shocks in respective markets.

  14. The use of the Hurst exponent to predict changes in trends on the Warsaw Stock Exchange

    NASA Astrophysics Data System (ADS)

    Domino, Krzysztof

    2011-01-01

    The local properties of the time series of the evolution of share prices of 126 significant companies traded on the Warsaw Stock Exchange during the period between 1991-2008 have been investigated. The analysis was applied to daily financial returns. I have used the local DFA to obtain the Hurst exponent (diffusion coefficient) while searching for negative correlations by which changes of long-term trends would be effected. A certain evidence, proving that after the signature of anti-correlation-the drop in the Hurst exponent-the change in the trend and in the return rate of an investment is probable, was pointed out. Hence after further investigation this method may be useful as a part of an investment strategy. As the Warsaw Stock Exchange is relatively smaller and younger than other significant world Stock Exchanges-and as the developing market is less efficient-the generalization for others markets needs further investigation.

  15. Soccer and stock market risk: empirical evidence from the Istanbul Stock Exchange.

    PubMed

    Berument, M Hakan; Ceylan, Nildag Basak

    2013-06-01

    There is an emerging but important literature on the effects of sport events such as soccer on stock market returns. After a soccer team's win, agents discount future events more favorably and increase risk tolerance. Similarly, after a loss, risk tolerance decreases. This paper directly assesses risk tolerance after a sports event by using daily data from the three major soccer teams in Turkey (Beşiktaşç Fenerbahge and Galatasaray). Results provide evidence that risk tolerance increases after a win, but similar patterns were not found after a loss. PMID:24245071

  16. Multifractal detrended cross-correlations between the Chinese exchange market and stock market

    NASA Astrophysics Data System (ADS)

    Cao, Guangxi; Xu, Longbing; Cao, Jie

    2012-10-01

    Based on the daily price data of the Chinese Yuan (RMB)/US dollar exchange rate and the Shanghai Stock Composite Index, we conducted an empirical analysis of the cross-correlations between the Chinese exchange market and stock market using the multifractal cross-correlation analysis method. The results demonstrate the overall significance of the cross-correlation based on the analysis of a statistic. Multifractality exists in cross-correlations, and the cross-correlated behavior of small fluctuations is more persistent than that of large fluctuations. Moreover, using the rolling windows method, we find that the cross-correlations between the Chinese exchange market and stock market vary with time and are especially sensitive to the reform of the RMB exchange rate regime. The previous reduction in the flexibility of the RMB exchange rate in July 2008 strengthened the persistence of cross-correlations and decreased the degree of multifractality, whereas the enhancement of the flexibility of the RMB exchange rate in June 2010 weakened the persistence of cross-correlations and increased the multifractality. Finally, several relevant discussions are provided to verify the robustness of our empirical analysis.

  17. 77 FR 51076 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-23

    ... Markets, Securities and Exchange Commission, to Joseph Rizzello, Chief Executive Officer, National Stock... maintenance of orderly markets, or that existing federal securities laws or Commission rules already provide... under the Prevention Act in 1995. See FTC, Telemarketing Sales Rule, 60 FR 43842 (Aug. 23, 1995). \\5\\...

  18. 75 FR 16540 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-04-01

    ... COMMISSION Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt Rules on Self Trade Prevention Order Modifiers March 25, 2010... No. 60266 (July 9, 2009), 74 FR 34380 (July 9, 2009) (SR-BATS-2009-022) (approving on an...

  19. 76 FR 13251 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-03-10

    ... From the Federal Register Online via the Government Publishing Office ] SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule Change Amending Exchange Rule 103B To Modify the Application of the Exchange's Designated Market Maker (``DMM'') Allocation Policy in the Event...

  20. 76 FR 40758 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-11

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer... ``Exchange'') filed with the Securities and Exchange Commission (``Commission''), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\\1\\ and Rule 19b-4 thereunder,\\2\\ a proposed...

  1. Forecasting Stock Exchange Movements Using Artificial Neural Network Models and Hybrid Models

    NASA Astrophysics Data System (ADS)

    Güreşen, Erkam; Kayakutlu, Gülgün

    Forecasting stock exchange rates is an important financial problem that is receiving increasing attention. During the last few years, a number of neural network models and hybrid models have been proposed for obtaining accurate prediction results, in an attempt to outperform the traditional linear and nonlinear approaches. This paper evaluates the effectiveness of neural network models; recurrent neural network (RNN), dynamic artificial neural network (DAN2) and the hybrid neural networks which use generalized autoregressive conditional heteroscedasticity (GARCH) and exponential generalized autoregressive conditional heteroscedasticity (EGARCH) to extract new input variables. The comparison for each model is done in two view points: MSE and MAD using real exchange daily rate values of Istanbul Stock Exchange (ISE) index XU10).

  2. 26 CFR 1.1248-1T - Treatment of gain from certain sales or exchanges of stock in certain foreign corporations...

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... includes the receipt of a distribution which is treated as in exchange for stock under section 302(a... gain from the sale or exchange of stock of such corporation. (c) through (f) For further guidance, see... exchanges of stock in certain foreign corporations (temporary). 1.1248-1T Section 1.1248-1T Internal...

  3. 26 CFR 1.1248-1T - Treatment of gain from certain sales or exchanges of stock in certain foreign corporations...

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... includes the receipt of a distribution which is treated as in exchange for stock under section 302(a... gain from the sale or exchange of stock of such corporation. (c) through (f) For further guidance, see... exchanges of stock in certain foreign corporations (temporary). 1.1248-1T Section 1.1248-1T Internal...

  4. 26 CFR 1.1248-1T - Treatment of gain from certain sales or exchanges of stock in certain foreign corporations...

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... of a distribution which is treated as in exchange for stock under section 302(a) (relating to... exchange of stock of such corporation. (c) through (f) For further guidance, see § 1.1248-1(c) through (f... exchanges of stock in certain foreign corporations (temporary). 1.1248-1T Section 1.1248-1T Internal...

  5. Do stock prices drive people crazy?

    PubMed

    Lin, Chung-Liang; Chen, Chin-Shyan; Liu, Tsai-Ching

    2015-03-01

    This is the first research to examine a potential relation between stock market volatility and mental disorders. Using data on daily incidences of mental disorders in Taiwan over 4000 days from 1998 through 2009 to assess the time-series relation between stock price movements and mental disorders, we observe that stock price fluctuation clearly affects the hospitalization of mental disorders. We find that during a 12-year follow-up period, a low stock price index, a daily fall in the stock price index and consecutive daily falls in the stock price index are all associated with greater of mental disorders hospitalizations. A 1000-point fall in the TAIEX (Taiwan Stock Exchange Capitalization Weighted Stock Index) increases the number of daily mental disorders hospitalizations by 4.71%. A 1% fall in the TAIEX in one single day increases daily hospitalizations for mental disorders by 0.36%. When the stock price index falls one consecutive day, it causes a daily increase of approximately 0.32% hospitalizations due to mental disorders on that day. Stock price index is found to be significant for both gender and all age groups. In addition, daily change is significant for both gender and middle-age groups, whereas accumulated change is significant for males and people aged 45-64. Stockholdings can help people accumulate wealth, but they can also increase mental disorders hospitalizations. In other words, stock price fluctuations do drive people crazy. PMID:24526705

  6. 2004 on Warsaw Stock Exchange via Zipf Analysis, Scatter and Lag Plots

    NASA Astrophysics Data System (ADS)

    Bachnik, W.; Chomiuk, P.; Faltynowicz, Sz.; Gawin, M.; Gorajek, W.; Kedzierski, J.; Kosk, K.; Kucharczyk, A.; Leszczynski, P.; Podsiadlo, R.; Makowiec, D.

    2005-08-01

    This paper presents the last year on Warsaw Stock Exchange (WSE) and world stock exchanges by graphical analysis: Scatter Plot, Zipf Analysis and Lag Plot of selected Polish (WIG, WIG20, WIG-BANKI, TECHWIG) and foreign (NIKKEI, DOW JONES Industrial Average) indices, and also selected companies listed on WSE. Zipf analysis proves that although, generally, holding securities was the best way to earn money in the last year, however, Zipf based strategy also could be profitable. Scatter Plots show no similarities between Polish and foreign indices, however, behaviour of Polish ones is similar. The volatility of indices and most companies was highest on Monday and lowest on Friday. Distribution of returns in continuous trading is neither Gaussian nor uniform.

  7. 75 FR 4889 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-01-29

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Extend for 12 Months the Pilot Program Permitting the Exchange's Ownership Interest in BIDS Holdings L.P....

  8. 75 FR 36138 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-24

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule Change Amending NYSE Rule 123C To Allow Exchange Systems To Provide Order Imbalance Information With Respect to Market At-The-Close and...

  9. 76 FR 8386 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-02-14

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending the Forms of Broker Letters Set Forth in Exchange Rule 451 and Sections 905.02 and 905.03 of the...

  10. 78 FR 34693 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-06-10

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 1000 To Revise the Manner by Which the Exchange Will Phase Out the Functionality Associated...

  11. 77 FR 2585 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-01-18

    ... performance for each individual DMM stock. The Exchange includes in that daily file the DMM's intraday... lot rate. \\8\\ See Securities Exchange Act Release No. 62578 (July 27, 2010), 75 FR 45185 (August 2... Designated Market Makers for Providing Liquidity on the Exchange and To Delete References to Round and...

  12. 75 FR 31488 - Self-Regulatory Organizations; New York Stock Exchange, LLC; Order Approving Proposed Rule Change...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-03

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange, LLC; Order Approving Proposed Rule Change...\\ 17 CFR 240.19b-4. \\3\\ See Securities Exchange Act Release No. 61914 (April 15, 2010), 75 FR 21077. II.... See Securities Exchange Act Release No. 59606 (March 19, 2009), 74 FR 13293 (March 26, 2009)...

  13. 26 CFR 1.1081-7 - Sale of stock or securities received upon exchange by members of system group.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... exchange by members of system group. 1.1081-7 Section 1.1081-7 Internal Revenue INTERNAL REVENUE SERVICE... to S.e.c. Orders § 1.1081-7 Sale of stock or securities received upon exchange by members of system... system group. As part of an exchange to which section 1081 (d)(1) is applicable the Y Corporation on...

  14. 77 FR 35455 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Granting Approval of Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-06-13

    ... Registered as Market Makers at the Exchange June 7, 2012. I. Introduction On April 17, 2012, New York Stock... (``SLP'') that are registered as market makers at the Exchange. The proposed rule change was published... 240.19b-4. \\3\\ Securities Exchange Act Release No. 66821 (April 17, 2012), 77 FR 24239...

  15. 77 FR 63404 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-10-16

    ... Schedule.'' See Securities Exchange Act Release No. 60868 (October 22, 2009), 74 FR 55883 (October 29, 2009... Securities Exchange Act Release No. 55742 (May 10, 2007), 72 FR 27893 (May 17, 2007) (SR-NYSE-2007-19). \\8... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and...

  16. 75 FR 36737 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-28

    ... Exchange Act Release No. 54820 (November 26 , 2006), 71 FR 70824 (December 6, 2006) (SR-NYSE-2006-65). In... (October 24, 2008), 73 FR 64379 (October 29, 2008) (SR-NYSE-2008-46); See also Securities Exchange Act... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and...

  17. Profitability of simple technical trading rules of Chinese stock exchange indexes

    NASA Astrophysics Data System (ADS)

    Zhu, Hong; Jiang, Zhi-Qiang; Li, Sai-Ping; Zhou, Wei-Xing

    2015-12-01

    Although technical trading rules have been widely used by practitioners in financial markets, their profitability still remains controversial. We here investigate the profitability of moving average (MA) and trading range break (TRB) rules by using the Shanghai Stock Exchange Composite Index (SHCI) from May 21, 1992 through December 31, 2013 and Shenzhen Stock Exchange Component Index (SZCI) from April 3, 1991 through December 31, 2013. The t-test is adopted to check whether the mean returns which are conditioned on the trading signals are significantly different from unconditioned returns and whether the mean returns conditioned on the buy signals are significantly different from the mean returns conditioned on the sell signals. We find that TRB rules outperform MA rules and short-term variable moving average (VMA) rules outperform long-term VMA rules. By applying White's Reality Check test and accounting for the data snooping effects, we find that the best trading rule outperforms the buy-and-hold strategy when transaction costs are not taken into consideration. Once transaction costs are included, trading profits will be eliminated completely. Our analysis suggests that simple trading rules like MA and TRB cannot beat the standard buy-and-hold strategy for the Chinese stock exchange indexes.

  18. [Development and validation of a questionnaire about the main variables affecting the individual investor's behavior in the Stock Exchange].

    PubMed

    Pascual-Ezama, David; San Martín Castellanos, Rafael; Gil-Gómez de Liaño, Beatriz; Scandroglio, Bárbara

    2010-11-01

    Development and validation of a questionnaire about the main variables affecting the individual investor's behavior in the Stock Exchange. There is a considerable lack of information about the methodology usually used in most of the studies about individual investor's behavior. The studies reviewed do not show the method used in the selection of the items or the psychometric properties of the questionnaires. Because of the importance of investment in the Stock Exchange nowadays, it seems relevant to obtain a reliable instrument to understand individual investor's behavior in the Stock Exchange. Therefore, the goal of the present work is to validate a questionnaire about the main variables involved in individual investors' behavior in the Stock Exchange. Based on previous studies, we elaborated a questionnaire using the Delphi methodology with a group of experts. The internal consistency (Cronbach alpha=.934) and validity evidence of the questionnaire show that it may be an effective instrument and can be applied with some assurance. PMID:21044546

  19. Sensitivity of Modeled Net Ecosystem Exchange to Uncertainty in Initial Ecosystem Carbon Stocks

    NASA Astrophysics Data System (ADS)

    King, A. W.; Post, W. M.; Wullschleger, S. D.

    2001-12-01

    Net ecosystem exchange (NEE) is the difference between CO2 uptake by canopy photosynthesis and CO2 release in ecosystem respiration RE. The latter is itself the sum of autotrophic (plant) respiration and heterotrophic (mostly decomposer) respiration. Respiration is generally conceptualized as a first-order rate process; respiratory CO2 fluxes are proportional to the mass of live plant tissue or dead organic matter (or to some closely related variable such as sapwood volume). Accordingly, modeled RE (and consequently NEE) is a function of ecosystem carbon stocks, the amount of carbon present at time t, and model results can therefore be dependent upon the carbon stock values C0 used to initialize the model at the beginning of the simulation period. Model simulation of NEE at FLUXNET tower sites, whether for model testing or to calibrate models for extrapolation of tower results, thus requires site-specific estimates of carbon stocks in various ecosystem pools. Measurements of these stocks are often not available for particular sites, or it can be difficult or costly to make the measurements. Thus it is important to understand the sensitivity of modeled NEE to uncertainty in estimates of ecosystem carbon stocks. Using LoTEC (Local Terrestrial Ecosystem Carbon), a mechanistic model of ecosystem carbon dynamics, we present an analysis of model sensitivity to initial carbon stocks for a variety of FLUXNET/AmeriFlux sites. We describe the relative sensitivity of NEE to differences in initial plant, soil, and total ecosystem carbon. We use these sensitivities to infer the uncertainty in modeled NEE resulting from error or uncertainty in estimating initial carbon stocks. At the Walker Branch Watershed site, for example, modeled NEE is more sensitive to differences in soil organic carbon than differences in vegetation carbon, with sensitivity factors (Δ {NEE} / Δ C0) of 0.097 and 0.021, respectively. An uncertainty of +/- 490\\ g\\ C\\ m-2 in soil organic carbon (approximately 10% of estimated soil C for the site) yields an uncertainty in modeled NEE of nearly +/- 50\\ g\\ C\\ m-2 y-1. These sensitivity factors can be used to estimate the precision with which carbon stocks need to be measured to resolve modeled NEE within specified tolerances.

  20. 78 FR 1278 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-08

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Extending the Bond Trading License and the Bond Liquidity Provider...

  1. 77 FR 145 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-01-03

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Extending for an Additional 12 Months the Pilot Program That Provides an Exception to NYSE Rule 2B by...

  2. 78 FR 42988 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; Order Approving...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-07-18

    ... From the Federal Register Online via the Government Publishing Office ] SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; Order Approving Proposed Rule Changes Deleting NYSE Rules 95(c) and (d) and NYSE MKT Rules 95(c) and (d)--Equities and Related Supplementary Material July 12, 2013....

  3. 76 FR 42150 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-18

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Extending the Operative Date of NYSE Rule 92(c)(3) From August 1, 2011 to September 12, 2011 July 12,...

  4. 78 FR 21464 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-04-10

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Certain Fees for the NYSE Trades and NYSE Realtime Reference Prices Market Data Products April...

  5. 78 FR 36279 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-06-17

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending NYSE Rule 103B, Section III(A) To Increase From Three to Four the Minimum Number of DMM Units an...

  6. 78 FR 42811 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-07-17

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending its Price List To Change the Monthly Fees For the Use of Certain Ports July 11, 2013. Pursuant to...

  7. 76 FR 4959 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-01-27

    ... From the Federal Register Online via the Government Publishing Office ] SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule Change To Create a Bond Trading License for Member Organizations and Establish Bonds Liquidity Providers as a New Market Class on NYSE Under a...

  8. 75 FR 58455 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-09-24

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of a Proposed Rule Change Amending Rule 104 To Adopt Pricing Obligations for Designated Market Makers September 20, 2010. Pursuant to Section 19(b)(1) of...

  9. 77 FR 42525 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE Amex LLC; Order Disapproving...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-07-19

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE Amex LLC; Order Disapproving Proposed Rule Changes To Codify Certain Traditional Trading Floor Functions That May Be Performed by Designated Market Makers and To...

  10. 77 FR 47161 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE Arca, Inc.; NYSE MKT LLC; Order...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-07

    ... From the Federal Register Online via the Government Publishing Office ] SECURITIES AND EXCHANGE COMMISSION [Release No. 34-67564; File Nos. SR-NYSE-2012-17; SR-NYSEArca-2012-59; SR-NYSEMKT-2012-07] Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE Arca, Inc.; NYSE MKT LLC; Order Granting Approval of Proposed Rule Changes...

  11. 76 FR 65288 - Self-Regulatory Organizations; New York Stock Exchange, LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-10-20

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange, LLC; Notice of Filing of Proposed Rule Change Relating to a Corporate Transaction in Which Its Indirect Parent, NYSE Euronext, Will Become a Wholly Owned Subsidiary of Alpha...

  12. 78 FR 2467 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-11

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Its Price With Respect to Regulatory Fees Related to the Central Registration Depository, Which...

  13. 77 FR 10586 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE Amex LLC; Order Instituting...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-02-22

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE Amex LLC; Order Instituting Proceedings To Determine Whether To Disapprove Proposed Rule Changes To Codify Certain Traditional Trading Floor Functions That May Be Performed...

  14. 75 FR 500 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-01-05

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule Change To Increase the Ceiling on Its Equity Ownership Interest in BIDS Holdings L.P. to Less Than 10% December 30, 2009. On November 18, 2009, the...

  15. 76 FR 51449 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Granting Approval of Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-18

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Order Granting Approval of Proposed Rule Change To Add New Section 907.00 to the Listed Company Manual that Sets Forth Certain Complimentary Products and Services That Are Offered...

  16. 78 FR 25118 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-04-29

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule Change Amending NYSE Rule 104 To Codify Certain Traditional Trading Floor Functions That May Be Performed by Designated Market Makers, To...

  17. 75 FR 2899 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving Proposed Rule Change...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-01-19

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving Proposed Rule Change...), 74 FR 64797 (hereinafter referred to as ``Notice''). II. Description of the Proposal The Exchange...\\ and Rule 19b-4 thereunder,\\2\\ a proposed rule change ] amending its maximum fee for...

  18. 75 FR 80101 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-12-21

    ..., Regulatory Policy and Management, NYSE Regulation, Inc., to Nathan Saunders, Special Counsel, Division of... Exchange believes that this rule proposal would not require technical programming and/or modification by... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and...

  19. 78 FR 58587 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-09-24

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Implement a One-Day Temporary Suspension of Those Aspects of Rules 36.20 and 36.21 That Would Not Permit...

  20. Correlations and clustering in the trading of members of the London Stock Exchange

    NASA Astrophysics Data System (ADS)

    Zovko, Ilija I.; Farmer, J. Doyne

    2007-12-01

    This paper analyzes correlations in patterns of trading of different members of the London Stock Exchange. The collection of strategies associated with a member institution is defined by the sequence of signs of net volume traded by that institution in hour intervals. Using several methods we show that there are significant and persistent correlations between institutions. In addition, the correlations are structured into correlated and anti-correlated groups. Clustering techniques using the correlations as a distance metric reveal a meaningful clustering structure with two groups of institutions trading in opposite directions.

  1. Impact of the monetary crisis on statistical properties of the Jakarta and Kuala Lumpur stock exchange indices

    NASA Astrophysics Data System (ADS)

    Mart, T.; Aminoto, T.

    2007-01-01

    Using the tools developed for statistical physics, we simultaneously analyze statistical properties of the Jakarta and Kuala Lumpur Stock Exchange indices. In spite of the small number of the data used in the analysis, the result still shows the universal behavior of complex systems previously found in the leading stock indices. We also analyze their properties before and after the crash caused by the monetary crisis. To locate the time position when the crash started we use the Omori law. We found that after the crash both stocks do not show a same statistical behavior. The impact of currency controls is observed in the distribution of the index returns.

  2. Estimating Carbon Stocks and Atmospheric Exchange of Depressional Marshes on the Central Florida Landscape

    NASA Astrophysics Data System (ADS)

    Benscoter, B.; McClellan, M. D.; Benavides, V.; Harshbarger, D.; Comas, X.

    2014-12-01

    Depressional marshes are ubiquitous throughout central and south Florida. Often distributed within a matrix of sandy pine flatwoods and hammocks, these wetlands have a seasonally variable water table, alternating between inundation and complete drydown. Though these landforms are typically small individually, they comprise a substantial component of the landscape and provide vital habitat for an array of flora and fauna. Given their fluctuating hydrology, conditions for soil and plant carbon (C) exchange mechanisms can vary greatly both spatially and temporally. In this study, we are developing a C budget for depressional marsh landforms by assessing ecosystem carbon exchange along an ecotone gradient and quantifying belowground C stocks using non-invasive geophysical methods (ground penetrating radar, GPR) at the Disney Wilderness Preserve (DWP) in Kissimmee, FL, USA. Using a series of closed chambers transecting the marsh from the center outward into the surrounding flatwoods, we are quantifying the effects of seasonal water table change on the magnitude of C exchange. Three dimensional GPR surveys were used to quantify peat layer thickness, and were constrained with direct core sampling to verify subsurface lithology and to assess peat C content. Using the relationship between landform surface area and belowground C volume, we assessed the cumulative C storage in depressional marshes across the DWP landscape. In conjunction with a nearby eddy covariance tower and seasonal hydrologic data, these response functions will help to evaluate the contribution of these small but widespread landscape features on regional C cycling.

  3. The dynamics of stock exchange based on the formalism of weak continuous quantum measurement

    NASA Astrophysics Data System (ADS)

    Melnyk, S.; Tuluzov, I.

    2010-07-01

    The problem of measurement in economic models and the possibility of their quantum-mechanical description are considered. It is revealed that the apparent paradox of such a description is associated with a priori requirement of conformity of the model to all the alternatives of free choice of the observer. The measurement of the state of a trader on a stock exchange is formally defined as his responses to the proposals of sale at a fixed price. It is shown that an analogue of Bell's inequalities for this measurement model is violated at the most general assumptions related to the strategy of the trader and requires a quantum-mechanical description of the dynamics of his condition. In the framework of the theory of weak continuous quantum measurements, the equation of stock price dynamics and the quantum-mechanical generalization of the F. Black and M. Scholes model for pricing options are obtained. The fundamental distinctions between the obtained model and the classical one are discussed.

  4. Emotions and Pair Trust in Asynchronous Hospitality Cultural Exchange for Students in Taiwan and Hong Kong

    ERIC Educational Resources Information Center

    Wang, Mei-jung; Chen, Hsueh Chu

    2012-01-01

    Social and emotional dynamics have an impact on students' learning processes in online-learning situations. This study explores university students' emotions and trust levels resulting from collaborative communication behaviors when they interacted as part of a Food and Tourism course in Taiwan and Hong Kong. More specifically, students' emotions…

  5. 76 FR 52028 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-19

    ... individual stock trading pause pursuant to the Pause Pilot on the primary listing market and those... pursuant to NYSE Rule 80C(b). \\6\\ See Securities Exchange Act Release Nos. 62252 (June 10, 2010), 75 FR...-2010-10; SR-NSX-2010-05; and SR-CBOE-2010-047) and 62251 (June 10, 2010), 75 FR 34183 (June 16,...

  6. 75 FR 28842 - Self-Regulatory Organizations; Proposed Rule Change by Chicago Stock Exchange, Inc.; Notice of...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-05-24

    ... amend Article 20, Rule 2 to amend its rules to create circuit breakers regarding the trading of... individual stock circuit breakers to a broader group of securities. To the extent that it appears that the... substantially similar to the submissions of other U.S. equities exchanges concerning circuit breaker...

  7. 78 FR 5213 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-24

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule... prepared by the self- regulatory organization. The Commission is publishing this notice to solicit comments...\\ 17 CFR 240.19b-4. I. Self-Regulatory Organization's Statement of the Terms of Substance of...

  8. 76 FR 41551 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-14

    ... Exchange or NYSE Amex \\7\\ if: \\7\\ Securities listed on The NASDAQ Stock Market are traded on NYSE Amex... Approved Booth Premises in Certain OTC Bulletin Board and OTC Markets Securities July 8, 2011. I... premises in certain OTC Bulletin Board (``OTCBB'') and OTC Markets securities. The proposed rule change...

  9. 76 FR 27689 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-05-12

    ... expand the definition of the term ``Circuit Breaker Securities'' set forth in Commentary .05 to Rule 11... to Extraordinary Market Volatility to All NMS Stocks and To Make Conforming Changes to Market Maker... Market Volatility) was approved by the Securities and Exchange Commission (the ``Commission'') on June...

  10. 77 FR 12626 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-03-01

    ... 15, 2008), 73 FR 54444 (September 19, 2008) (SR-NYSE-2008-80). 2. Statutory Basis The proposed rule... on the subject line if email is used. To help the Commission process and review your comments more... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed...

  11. The relationships between Shanghai stock market and CNY/USD exchange rate: New evidence based on cross-correlation analysis, structural cointegration and nonlinear causality test

    NASA Astrophysics Data System (ADS)

    Liu, Li; Wan, Jieqiu

    2012-12-01

    This paper explores the co-movement of Shanghai stock market and China Yuan (CNY) exchange rates. First, we find that stock price and exchange rate are significantly cross-correlated. Second, employing a cointegration test allowing for a structural break, we find that the Shanghai Composite Index (SCI) is not cointegrated with the exchange rate of CNY/USD. The so-called cointegration found in previous studies is just caused by the shock of the recent financial crisis. Third, using linear and nonlinear Granger causality tests, we find no causality between stock prices and exchange rates during the period before the recent financial crisis. After the financial crisis, a unidirectional causality behavior running from exchange rates to stock index is present.

  12. Evaluating Kuala Lumpur stock exchange oriented bank performance with stochastic frontiers

    SciTech Connect

    Baten, M. A.; Maznah, M. K.; Razamin, R.; Jastini, M. J.

    2014-12-04

    Banks play an essential role in the economic development and banks need to be efficient; otherwise, they may create blockage in the process of development in any country. The efficiency of banks in Malaysia is important and should receive greater attention. This study formulated an appropriate stochastic frontier model to investigate the efficiency of banks which are traded on Kuala Lumpur Stock Exchange (KLSE) market during the period 2005–2009. All data were analyzed to obtain the maximum likelihood method to estimate the parameters of stochastic production. Unlike the earlier studies which use balance sheet and income statements data, this study used market data as the input and output variables. It was observed that banks listed in KLSE exhibited a commendable overall efficiency level of 96.2% during 2005–2009 hence suggesting minimal input waste of 3.8%. Among the banks, the COMS (Cimb Group Holdings) bank is found to be highly efficient with a score of 0.9715 and BIMB (Bimb Holdings) bank is noted to have the lowest efficiency with a score of 0.9582. The results also show that Cobb-Douglas stochastic frontier model with truncated normal distributional assumption is preferable than Translog stochastic frontier model.

  13. Evaluating Kuala Lumpur stock exchange oriented bank performance with stochastic frontiers

    NASA Astrophysics Data System (ADS)

    Baten, M. A.; Maznah, M. K.; Razamin, R.; Jastini, M. J.

    2014-12-01

    Banks play an essential role in the economic development and banks need to be efficient; otherwise, they may create blockage in the process of development in any country. The efficiency of banks in Malaysia is important and should receive greater attention. This study formulated an appropriate stochastic frontier model to investigate the efficiency of banks which are traded on Kuala Lumpur Stock Exchange (KLSE) market during the period 2005-2009. All data were analyzed to obtain the maximum likelihood method to estimate the parameters of stochastic production. Unlike the earlier studies which use balance sheet and income statements data, this study used market data as the input and output variables. It was observed that banks listed in KLSE exhibited a commendable overall efficiency level of 96.2% during 2005-2009 hence suggesting minimal input waste of 3.8%. Among the banks, the COMS (Cimb Group Holdings) bank is found to be highly efficient with a score of 0.9715 and BIMB (Bimb Holdings) bank is noted to have the lowest efficiency with a score of 0.9582. The results also show that Cobb-Douglas stochastic frontier model with truncated normal distributional assumption is preferable than Translog stochastic frontier model.

  14. 78 FR 5236 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-24

    ... Exchange's IBS. Definition of Clearing Member The Exchange is proposing to: (1) define the term ``Clearing... by the Exchange.'' In adding a definition of Clearing Member to Exchange Rule 1.5, the Exchange does... Exchange simply proposes this definition to describe ETP Holders that may also be members of a...

  15. Dynamic C and N stocks - key factors controlling the C gas exchange of maize in a heterogenous peatland

    NASA Astrophysics Data System (ADS)

    Pohl, M.; Hoffmann, M.; Hagemann, U.; Giebels, M.; Albiac Borraz, E.; Sommer, M.; Augustin, J.

    2014-11-01

    Drainage and cultivation of fen peatlands creates complex small-scale mosaics of soils with extremely variable soil organic carbon (SOC) stocks and groundwater-level (GWL). To date, it remains unclear if such sites are sources or sinks for greenhouse gases like CO2 and CH4, especially if used for cropland. As individual control factors like GWL fail to account for this complexity, holistic approaches combining gas fluxes with the underlying processes are required to understand the carbon (C) gas exchange of drained fens. It can be assumed that the stocks of SOC and N located above the variable GWL - defined as dynamic C and N stocks - play a key role in the regulation of plant- and microbially mediated C gas fluxes of these soils. To test this assumption, the present study analysed the C gas exchange (gross primary production - GPP, ecosystem respiration - Reco, net ecosystem exchange - NEE, CH4) of maize using manual chambers for four years. The study sites were located near Paulinenaue, Germany. Here we selected three soils, which represent the full gradient in pedogenesis, GWL and SOC stocks (0-1 m) of the fen peatland: (a) Haplic Arenosol (AR; 8 kg C m-2); (b) Mollic Gleysol (GL; 38 kg C m-2); and (c) Hemic Histosol (HS; 87 kg C m-2). Daily GWL data was used to calculate dynamic SOC (SOCdyn) and N (Ndyn) stocks. Average annual NEE differed considerably among sites, ranging from 47 ± 30 g C m-2 a-1 at AR to -305 ± 123 g C m-2 a-1 at GL and -127 ± 212 g C m-2 a-1 at HS. While static SOC and N stocks showed no significant effect on C fluxes, SOCdyn and Ndyn and their interaction with GWL strongly influenced the C gas exchange, particularly NEE and the GPP:Reco ratio. Moreover, based on nonlinear regression analysis, 86% of NEE variability was explained by GWL and SOCdyn. The observed high relevance of dynamic SOC and N stocks in the aerobic zone for plant and soil gas exchange likely originates from the effects of GWL-dependent N availability on C formation and transformation processes in the plant-soil system, which promote CO2 input via GPP more than CO2 emission via Reco. The process-oriented approach of dynamic C and N stocks is a promising, potentially generalizable method for system-oriented investigations of the C gas exchange of groundwater-influenced soils and could be expanded to other nutrients and soil characteristics. However, in order to assess the climate impact of arable sites on drained peatlands, it is always necessary to consider the entire range of groundwater-influenced mineral and organic soils and their respective areal extent within the soil landscape.

  16. Dynamic C and N stocks - key factors controlling the C gas exchange of maize in heterogenous peatland

    NASA Astrophysics Data System (ADS)

    Pohl, M.; Hoffmann, M.; Hagemann, U.; Giebels, M.; Albiac Borraz, E.; Sommer, M.; Augustin, J.

    2015-05-01

    The drainage and cultivation of fen peatlands create complex small-scale mosaics of soils with extremely variable soil organic carbon (SOC) stocks and groundwater levels (GWLs). To date, the significance of such sites as sources or sinks for greenhouse gases such as CO2 and CH4 is still unclear, especially if the sites are used for cropland. As individual control factors such as GWL fail to account for this complexity, holistic approaches combining gas fluxes with the underlying processes are required to understand the carbon (C) gas exchange of drained fens. It can be assumed that the stocks of SOC and N located above the variable GWL - defined as dynamic C and N stocks - play a key role in the regulation of the plant- and microbially mediated CO2 fluxes in these soils and, inversely, for CH4. To test this assumption, the present study analysed the C gas exchange (gross primary production - GPP; ecosystem respiration - Reco; net ecosystem exchange - NEE; CH4) of maize using manual chambers for 4 years. The study sites were located near Paulinenaue, Germany, where we selected three soil types representing the full gradient of GWL and SOC stocks (0-1 m) of the landscape: (a) Haplic Arenosol (AR; 8 kg C m-2); (b) Mollic Gleysol (GL; 38 kg C m-2); and (c) Hemic Histosol (HS; 87 kg C m-2). Daily GWL data were used to calculate dynamic SOC (SOCdyn) and N (Ndyn) stocks. Average annual NEE differed considerably among sites, ranging from 47 ± 30 g C m-2 yr-1 in AR to -305 ± 123 g C m-2 yr-1 in GL and -127 ± 212 g C m-2 yr-1 in HS. While static SOC and N stocks showed no significant effect on C fluxes, SOCdyn and Ndyn and their interaction with GWL strongly influenced the C gas exchange, particularly NEE and the GPP : Reco ratio. Moreover, based on nonlinear regression analysis, 86% of NEE variability was explained by GWL and SOCdyn. The observed high relevance of dynamic SOC and N stocks in the aerobic zone for plant and soil gas exchange likely originates from the effects of GWL-dependent N availability on C formation and transformation processes in the plant-soil system, which promote CO2 input via GPP more than CO2 emission via Reco. The process-oriented approach of dynamic C and N stocks is a promising, potentially generalisable method for system-oriented investigations of the C gas exchange of groundwater-influenced soils and could be expanded to other nutrients and soil characteristics. However, in order to assess the climate impact of arable sites on drained peatlands, it is always necessary to consider the entire range of groundwater-influenced mineral and organic soils and their respective areal extent within the soil landscape.

  17. Comparison study of global and local approaches describing critical phenomena on the Polish stock exchange market

    NASA Astrophysics Data System (ADS)

    Czarnecki, Łukasz; Grech, Dariusz; Pamuła, Grzegorz

    2008-12-01

    We confront global and local methods to analyze the financial crash-like events on the Polish financial market from the critical phenomena point of view. These methods are based on the analysis of log-periodicity and the local fractal properties of financial time series in the vicinity of phase transitions (crashes). The whole history (1991-2008) of Warsaw Stock Exchange Index (WIG) describing the largest developing financial market in Europe, is analyzed in a daily time horizon. We find that crash-like events on the Polish financial market are described better by the log-divergent price model decorated with log-periodic behavior than the corresponding power-law-divergent price model. Predictions coming from log-periodicity scenario are verified for all main crashes that took place in WIG history. It is argued that crash predictions within log-periodicity model strongly depend on the amount of data taken to make a fit and therefore are likely to contain huge inaccuracies. Turning to local fractal description, we calculate the so-called local (time dependent) Hurst exponent H for the WIG time series and we find the dependence between the behavior of the local fractal properties of the WIG time series and the crashes appearance on the financial market. The latter method seems to work better than the global approach - both for developing as for developed markets. The current situation on the market, particularly related to the Fed intervention in September’07 and the situation on the market immediately after this intervention is also analyzed from the fractional Brownian motion point of view.

  18. 76 FR 44638 - Self-Regulatory Organizations; Chicago Stock Exchange, Incorporated; Notice of Filing of Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-26

    ... Executed on the Exchange as Well as for Trades Executed Otherwise Than on the Exchange July 20, 2011... elective sub- category of Exchange Participants requiring registration with the Exchange and are subject to... well as purchases or sales of securities by the third party broker-dealer on another exchange or...

  19. Estimation of a simple agent-based model of financial markets: An application to Australian stock and foreign exchange data

    NASA Astrophysics Data System (ADS)

    Alfarano, Simone; Lux, Thomas; Wagner, Friedrich

    2006-10-01

    Following Alfarano et al. [Estimation of agent-based models: the case of an asymmetric herding model, Comput. Econ. 26 (2005) 19-49; Excess volatility and herding in an artificial financial market: analytical approach and estimation, in: W. Franz, H. Ramser, M. Stadler (Eds.), Funktionsfähigkeit und Stabilität von Finanzmärkten, Mohr Siebeck, Tübingen, 2005, pp. 241-254], we consider a simple agent-based model of a highly stylized financial market. The model takes Kirman's ant process [A. Kirman, Epidemics of opinion and speculative bubbles in financial markets, in: M.P. Taylor (Ed.), Money and Financial Markets, Blackwell, Cambridge, 1991, pp. 354-368; A. Kirman, Ants, rationality, and recruitment, Q. J. Econ. 108 (1993) 137-156] of mimetic contagion as its starting point, but allows for asymmetry in the attractiveness of both groups. Embedding the contagion process into a standard asset-pricing framework, and identifying the abstract groups of the herding model as chartists and fundamentalist traders, a market with periodic bubbles and bursts is obtained. Taking stock of the availability of a closed-form solution for the stationary distribution of returns for this model, we can estimate its parameters via maximum likelihood. Expanding our earlier work, this paper presents pertinent estimates for the Australian dollar/US dollar exchange rate and the Australian stock market index. As it turns out, our model indicates dominance of fundamentalist behavior in both the stock and foreign exchange market.

  20. 77 FR 68185 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-15

    ... increased importance and expense of the Exchange's regulatory efforts and competitive pricing pressures and... Exchange participates in a highly competitive market in which regulatory costs are continually...

  1. 76 FR 41853 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-15

    ... increased importance and expense of the Exchange's regulatory efforts and competitive pricing pressures. The... to competitive pressures. The Exchange believes that these changes will further encourage firms of...-Exchange trader registration fee will allow the Exchange to respond to competitive pressures by...

  2. 78 FR 21634 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-04-11

    ..., Commission, dated May 24, 2012. \\4\\ See Securities Exchange Act Release No. 67091 (May 31, 2012), 77 FR 33498..., dated January 17, 2013. \\12\\ See Securities Exchange Act Release No. 67091 (May 31, 2012), 77 FR 33498... Exchange Act of 1934, Exhibit A to Securities Exchange Act Release No. 67091 (May 31, 2012), 77 FR...

  3. 75 FR 12326 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-03-15

    ... Less Than One Dollar March 8, 2010. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934... transactions involving issues priced less than one dollar that occur within the Exchange's Matching System. The... less than one dollar that occur within the Exchange's Matching System. The Exchange proposes...

  4. Fractional Market Model and its Verification on the Warsaw STOCK Exchange

    NASA Astrophysics Data System (ADS)

    Kozłowska, Marzena; Kasprzak, Andrzej; Kutner, Ryszard

    We analyzed the rising and relaxation of the cusp-like local peaks superposed with oscillations which were well defined by the Warsaw Stock Exchange index WIG in a daily time horizon. We found that the falling paths of all index peaks were described by a generalized exponential function or the Mittag-Leffler (ML) one superposed with various types of oscillations. However, the rising paths (except the first one of WIG which rises exponentially and the most important last one which rises again according to the ML function) can be better described by bullish anti-bubbles or inverted bubbles.2-4 The ML function superposed with oscillations is a solution of the nonhomogeneous fractional relaxation equation which defines here our Fractional Market Model (FMM) of index dynamics which can be also called the Rheological Model of Market. This solution is a generalized analog of an exactly solvable fractional version of the Standard or Zener Solid Model of viscoelastic materials commonly used in modern rheology.5 For example, we found that the falling paths of the index can be considered to be a system in the intermediate state lying between two complex ones, defined by short and long-time limits of the Mittag-Leffler function; these limits are given by the Kohlrausch-Williams-Watts (KWW) law for the initial times, and the power-law or the Nutting law for asymptotic time. Some rising paths (i.e., the bullish anti-bubbles) are a kind of log-periodic oscillations of the market in the bullish state initiated by a crash. The peaks of the index can be viewed as precritical or precrash ones since: (i) the financial market changes its state too early from the bullish to bearish one before it reaches a scaling region (defined by the diverging power-law of return per unit time), and (ii) they are affected by a finite size effect. These features could be a reminiscence of a significant risk aversion of the investors and their finite number, respectively. However, this means that the scaling region (where the relaxations of indexes are described by the KWW law or stretched exponential decay) was not observed. Hence, neither was the power-law of the instantaneous returns per unit time observed. Nevertheless, criticality or crash is in a natural way contained in our FMM and we found its "finger print".

  5. 77 FR 47476 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-08

    ...\\ See Securities Exchange Act Release No. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010) (SR-NSX-2010-05). \\4\\ See Securities Exchange Act Release No. 63512 (December 9, 2010), 75 FR 78786 (December...), 75 FR 56618 (September 16, 2010) (SR-NSX-2010-08). \\6\\ See Securities and Exchange Act Release No....

  6. 78 FR 9983 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-12

    ...), 77 FR 47156 (August 7, 2012) (SR-NYSE-2012-31). NSX Rule 11.20B requires the Exchange to pause.... See Securities Exchange Act Release No. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010) (File Nos... SR-CBOE-2010-047) and Securities Exchange Act Release No. 62251 (June 10, 2010), 75 FR 34183 (June...

  7. 77 FR 4842 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-01-31

    ...\\ See Securities Exchange Act Release No. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010) (SR-NSX-2010 05). \\4\\ See Securities Exchange Act Release No. 63512 (December 9, 2010), 75 FR 78786 (December...), 75 FR 56618 (September 16, 2010) (SR-NSX-2010-08). \\6\\ See Securities and Exchange Act Release No....

  8. 78 FR 4910 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Order Granting Approval of Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-23

    ... Securities Exchange Act Release No. 68039 (October 11, 2012), 77 FR 63914 (``Notice''). \\5\\ See Securities Exchange Act Release No. 68313 (November 28, 2012), 77 FR 71853 (December 4, 2012). \\6\\ The Commission.... 9199, Securities Exchange Act Release No. 64149 (March 30, 2011), 76 FR 18966 (April 6, 2011)...

  9. 77 FR 71022 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-28

    .... \\3\\ See Securities Exchange Act Release No. 66007 (December 20, 2011) 76 FR 81000 (December 27, 2011... Feed. See Securities Exchange Act Release No. 66511 (March 5, 2012) 77 FR 14450 (March 9, 2012) (SR-NSX... Effectiveness of Proposed Rule Change To Clarify the Operation of the Exchange's Depth-of-Book Feed November...

  10. 78 FR 27461 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Order Granting Approval of Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-05-10

    .... \\3\\ See Securities Exchange Act Release No. 68807 (Feb. 1, 2013), 78 FR 9094 (Feb. 7, 2013) (``Notice..., 2013 (``NSX Response''). \\6\\ See Securities Exchange Act Release No. 69183 (Mar. 19, 2013), 78 FR 18377... NSX Rule 11.13(b)(1). \\7\\ See Securities Exchange Act Release No. 54391 (Aug. 31, 2006), 71 FR...

  11. 77 FR 4597 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-01-30

    ... Securities Exchange Act Release No. 62886 (September 10, 2010), 75 FR 56613 (September 16, 2010) (SR-NSX-2010-07). \\4\\ See Securities Exchange Act Release No 63484 (December 9, 2010), 75 FR 78330 (December 15, 2010) (SR-NSX-2010-16). \\5\\ See Securities Exchange Act Release No. 64242 (April 7, 2011), 76 FR...

  12. 78 FR 19047 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-28

    ... Exchange Act Release No. 68056 (October 16, 2012), 77 FR 64571 (October 22, 2012) (SR-NSX-2012-16). Users... footnote 432 to Securities Exchange Act Release No. 51808 (June 9, 2005), 70 FR 37496 (June 29, 2005... (February 26, 2004), 69 FR 11126 (March 9, 2004) (Regulation NMS Proposing Release). Exchange Rule...

  13. 78 FR 40248 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-07-03

    ... Securities Exchange Act Release No. 61595 (February 26, 2010), 75 FR 11232 (March 10, 2010) (``Rule 201 Adopting Release'') and Securities Exchange Act Release No. 63247 (Nov. 4, 2010), 75 FR 68702 (Nov. 9, 2010... Effectiveness of Proposed Rule Change Amending Exchange Rule 11.11 to Automatically Prevent Entry of...

  14. 77 FR 28909 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-05-16

    ..., 2011), 76 FR 20412 (April 12, 2011) (SR-NSX-2011-02). The Exchange had previously established other...), 74 FR 65576 (December 10, 2009) (SR-NSX-2009-07); Securities Exchange Act Release No. 58935 (November 13, 2008), 73 FR 69703 (November 19, 2008) (SR-NSX-2008-19); and Securities Exchange Act Release...

  15. 77 FR 68873 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-16

    ... regulatory and operational costs than Auto-Ex Mode. The Exchange notes that from May 2009 to September 2012... applicable). \\5\\ See Securities and Exchange Act Release No. 59974 (May 26, 2009), 74 FR 26453 (June 2, 2009)(SR-NSX-2009-03) and Securities Exchange Act Release No. 67816 (September 10, 2012), 77 FR...

  16. 78 FR 21485 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-04-10

    ...) under the Act.\\4\\ \\3\\ See Appendix A to Securities Exchange Act Release No. 67091 (May 31, 2012) 77 FR... Exchange Act Release No. 67091 (May 31, 2012) 77 FR 33498 (June 6, 2012) (Order approving, on a Pilot Basis... Securities Exchange Act Release No. 68876 (February 8, 2013), 78 FR 10643 (February 14, 2013)...

  17. 76 FR 72739 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-11-25

    ... for clearance and settlement.\\5\\ \\5\\ See Securities Exchange Act Rel. No. 65615 (Oct. 24, 2011), 76 FR... Securities Exchange Act Rel. No. 64953 (July 25, 2011), 76 FR 45626 (July 29, 2011) (SR-CHX-2011-19). \\7\\ See Securities Exchange Act Rel. No. 65633 (Oct. 26, 2011), 76 FR 67509 (Nov. 1, 2011) (SR-CHX-2011-29)....

  18. 78 FR 32510 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Instituting Proceedings To...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-05-30

    ....19b-4. \\3\\ See Securities Exchange Act Release No. 68936 (February 15, 2013), 78 FR 12381 (``Notice...''). \\5\\ See Securities Exchange Act Release No. 69286 (April 3, 2013), 78 FR 21481 (April 10, 2013). \\6... Exchange Act Release No. 62495 (July 14, 2010), 75 FR 42982 (July 22, 2010) (Concept Release on the...

  19. 77 FR 54942 - Self-Regulatory Organizations; Boston Stock Exchange Clearing Corporation; NASDAQ OMX BX, Inc...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-09-06

    ... OMX Group, Inc. August 30, 2012. I. Introduction On June 20, 2012, the NASDAQ Stock Market LLC... (the ``NASDAQ OMX By-Laws'') of The NASDAQ OMX Group, Inc. (``NASDAQ OMX''), the parent company of the... Nos. 67293 (June 28, 2012), 77 FR 39751 (July 5, 2012) (SR-NASDAQ-2012-072) (the ``NASDAQ...

  20. The local Hurst exponent of the financial time series in the vicinity of crashes on the Polish stock exchange market

    NASA Astrophysics Data System (ADS)

    Grech, Dariusz; Pamuła, Grzegorz

    2008-07-01

    We investigate the local fractal properties of the financial time series based on the whole history evolution (1991-2007) of the Warsaw Stock Exchange Index (WIG), connected with the largest developing financial market in Europe. Calculating the so-called local time-dependent Hurst exponent H for the WIG time series we find the dependence between the behavior of the local fractal properties of the WIG time series and the crashes’ appearance on the financial market. We formulate the necessary conditions based on the H behavior which have to be satisfied if the rupture or crash point is expected soon. As a result we show that the signal to sell or the signal to buy on the stock exchange market can be translated into H evolution pattern. We also find a relation between the rate of the H drop and the total correction the WIG index gains after the crash. The current situation on the market, particularly related to the recent Fed intervention in September ’07, is also discussed.

  1. Taiwan: country profile.

    PubMed

    Spain, D

    1984-03-01

    This discussion of Taiwan focuses on population growth, regions and cities, ethnicity and religion, households and families, housing, education, labor force, income, communication, and sources of information. Taiwan, founded in 1949, took a census in 1980. Its household registration system is efficient and provides population data on a yearly basis. In 1981 the population totaled 18.1 million, an increase of about 20% from the 1971 total of 15 million. Taiwan's population grew 1.9% in 1981, a decline from the 2.2% growth rate of 1971. The birthrate is 23 births/1000 population and the death rate is 5/1000. Taiwan's birthrate is similar to that of China's and both are higher than those of Japan or Hong Kong. Almost 1/3 of Taiwan's population is under 15. Only 4% of the population is aged 65 or over. The entire country is divided into 48 commuting rings associated with specific central cities. The capital city of Taipei and Kaohsiung are special municipalities, and certain offshore islands of Fukien Province are included in population totals. The country is further divided into 5 administrative districts for the household registration system. The Han Chinese constitute 98% of Taiwan's population. Approximately 250,000 aborigines (less than 2% of the population) live in the mountainous central and eastern parts of the island. They are believed to be of Malayan stock. Taiwan's predominant religion is a mixture of Buddhism and Taoism, introduced centuries ago by the original settlers. The family household is composed mainly of family members, including lodgers and hired workers living in the same place under the same household head. Between 1971 and 1980, the number of households in Taiwan increased from 2.6 million to 3.7 million. In 1980, 99% of all households were family households. Average was 4.8 persons for family households and 26.5 persons for nonfamily households. There were 3.7 million housing units in Taiwan in 1980. Taiwan's literacy rate was 86% in 1980, up from 78% in 1970. Men's literacy rates are higher than women's. In June 1982, 6.9 million persons were in Taiwan's labor force, or 58% of all persons aged 15 and over. The largest category of workers in Taiwan are salaried employees and wage earners (47% of all workers in 1980). Taiwan's per capita grossnational product in 1981 was US$2360. Wages are highest in petroleum and coal manufacturing. Taiwan produces a large number of books, newspapers, and magazines for a country of its size. There is no shortage of demographic information in Taiwan. PMID:12279790

  2. 77 FR 47479 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-08

    ..., 2010), 75 FR 34186 (June 16, 2010) approving SR-CHX-2010-10. \\5\\ See Securities Exchange Act Release No. 62884 (September 10, 2010), 75 FR 56618 (September 16, 2010) approving SR-CHX-2010-14. \\6\\ See Securities Exchange Act Release No. 34-63498 (December 9, 2010), 75 FR 78310 December 15, 2010) approving...

  3. 77 FR 47481 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-08

    ...), 75 FR 56613 September 16, 2010) approving SR-CHX-2010-13. \\5\\ See Securities Exchange Act Release No. 34-63487 (December 9, 2010), 75 FR 78279 December 15, 2010) regarding SR-CHX-2010-23. \\6\\ See Securities Exchange Act Release No. 64228 (April 7, 2011), 76 FR 20792 April 13, 2011) regarding...

  4. 77 FR 47452 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-08

    ..., 2010), 75 FR 56613 (September 16, 2010) (SR-NSX-2010-07). \\4\\ See Securities Exchange Act Release No. 63484 (December 9, 2010), 75 FR 78330 (December 15, 2010) (SR-NSX-2010-16). \\5\\ See Securities Exchange Act Release No. 34-64242 (April 7, 2011), 76 FR 20763 (April 15, 2011) (SR-NSX-2011-05). \\6\\...

  5. 78 FR 9981 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-12

    ..., 2012), 77 FR 47479 (August 8, 2012) (SR-CHX-2012-12). ] CHX Article 20, Rule 2 requires the Exchange to... Act Release No. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010) (File Nos. SR-BATS-2010-014; SR... Securities Exchange Act Release No. 62251 (June 10, 2010), 75 FR 34183 (June 16, 2010)...

  6. 78 FR 40788 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-07-08

    ... Securities Exchange Act Release No. 68182 (November 8, 2012), 77 FR 68167 (November 15, 2012) (SR-CHX-2012-16). \\5\\ See Securities Exchange Act Release No. 68894 (February 15, 2013), 78 FR 11258 (February 15, 2013... DSP securities will increase from $0.00220/share to $0.00250/share, Tapes A and B Non-DSP...

  7. 76 FR 81000 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-27

    ... the securities information processor (``SIP'').\\5\\ In addition, the Exchange monitors, in real time, its data transmissions to the SIP such that, in the event of delay or interruption, the Exchange has... recipients. \\5\\ As measured, based on point in time that the data passes through the NSX firewall. By...

  8. 76 FR 67239 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice and Order Granting...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-10-31

    .... 64937 (July 20, 2011), 76 FR 44638 (``Notice''). \\4\\ See letter to Elizabeth M. Murphy, Secretary... Exchange Act Release No. 65354 (September 19, 2011), 76 FR 59476 (September 26, 2011). Institutional... submission pursuant to this rule must obtain documentary evidence of a non-Exchange trade execution no...

  9. 76 FR 50784 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-16

    ... securities circuit breakers. The text of this proposed rule change is available on the Exchange's Web site at..., CHX obtained Commission approval to amend Article 20, Rule 2 to create circuit breakers in individual... Breakers August 9, 2011. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934...

  10. 78 FR 72731 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-03

    ... and modifiers. See Securities Exchange Act Release No. 69538 (May 8, 2013), 78 FR 28671 (May 15, 2013) (SR-CHX-2013-10); see also Securities Exchange Act Release No. 69075 (March 8, 2013), 78 FR 16311... From the Federal Register Online via the Government Publishing Office SECURITIES AND...

  11. 77 FR 13675 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-03-07

    ... 240.19b-4. \\3\\ Securities Exchange Act Release No. 66177 (January 18, 2012), 77 FR 3527 (``Notice... Release No. 54550 (September 29, 2006), 71 FR 59563 (October 10, 2006) (SR-CHX-2006-05). \\6\\ See id. \\7\\ See Securities Exchange Act Release No. 65633 (October 26, 2011), 76 FR 67509 (November 1, 2011)...

  12. 76 FR 56248 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-12

    ..., 2010), 75 FR 2914 (Jan. 19, 2010). In August, 2010, the Exchange altered its tiered Fee Schedule to... (August 4, 2010), 75 FR 48397 (August 10, 2010). According to this proposal, the Exchange would delete... Effectiveness of Proposed Rule Change To Remove its Tiered Schedule of Fees and Rebates and To Lower or...

  13. 78 FR 132 - Self-Regulatory Organizations; Boston Stock Exchange Clearing Corporation; Notice of Filing of...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-02

    ... Group, Inc. December 26, 2012. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934... respect to the amendment of the by-laws of its parent corporation, The NASDAQ OMX Group, Inc. (``NASDAQ... Subsidiary.'' \\6\\ Securities Exchange Act Release No. 51217 (February 16, 2005), 70 FR 9688 (February...

  14. 78 FR 19034 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-28

    .... 68391 (December 10, 2012), 77 FR 74536 (December 14, 2012) (SR-NSX-2012-25). \\5\\ An Order Delivery... details of the full or partial quantity of an inbound contra-side order that potentially may be matched... Exchange. \\9\\ See Securities Exchange Act Release No. 68215 (November 13, 2012), 77 FR 69522 (November...

  15. 78 FR 69734 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-11-20

    ....201. See Securities Exchange Act Release No. 61595 (February 26, 2010), 75 FR 11232 (March 10, 2010) and Securities Exchange Act Release No. 63247 (Nov. 4, 2010), 75 FR 68702 (Nov. 9, 2010). \\7\\ On June... Act Release No. 34-69874 (June 27, 2013); 78 FR 40248 (July 3, 2013); SR-NSX-2013-13. The text of...

  16. 78 FR 16325 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-14

    ... FR 33498 (June 6, 2012). \\4\\ 17 CFR 240.19b-4(f)(6)(iii). II. Self-Regulatory Organization's...\\ See Securities Exchange Act Release No. 67091 (May 31, 2012) 77 FR 33498 (June 6, 2012) (Order...\\ See Securities Exchange Act Release No. 67090 (May 31, 2012), 77 FR 33531 (June 6, 2012)...

  17. 78 FR 4506 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-22

    ... Securities Exchange Act Release No. 66465 (February 24, 2012), 77 FR 12635 (March 1, 2012) (SR-FINRA-2012-09) ; see also Securities Exchange Act Release No. 60963 (November 6, 2009), 74 FR 59334 (November 17, 2009..., 2012), 77 FR 38866 (June 29, 2012) (SR-FINRA-2012-030). Central Registration Depository (``CRD'')...

  18. 75 FR 48402 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-08-10

    ... basis. See, e.g., Securities Exchange Act Release No. 59136 (December 22, 2008), 73 FR 80484 (December... Release No. 59963 (May 21, 2009), 74 FR 25787 (May 29, 2009) (SR-BATS-2009-012) and Securities Exchange Act Release No. 58685 (September 30, 2008), 73 FR 58277 (October 6, 2008) (SR-ISE-2008-73) (in...

  19. 77 FR 10013 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-02-21

    ... Release No. 65615 (Oct. 24, 2011), 76 FR 67239 (Oct. 31, 2011) (SR-CHX-2011-17). Currently, the National..., Securities Exchange Act Release No. 65792 (Nov. 18, 2011), 76 FR 72739 (Nov. 25, 2011) (SR-CHX-2011-31). \\7... Exchange Act Release No. 58362, 73 FR 49511 (SR-CHX-2008-13) (Aug. 14, 2008) (adopting a Trade...

  20. 77 FR 69673 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-20

    ... Release No. 65268 (September 6, 2011), 76 FR 56246 (September 12, 2011) (SR-CHX-2011-25). The current... appears that they are hoping to benefit from Intermarket Sweep Order (``ISO'') satisfaction orders sent to... expensive, on a relative basis, for the Exchange to receive and process. The Exchange proposes to...

  1. 77 FR 49848 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-17

    ... Effectiveness of Proposed Rule Change To Modify the Text of NSX Rule 11.15 To Clarify the Manner in Which... text of NSX Rule 11.15 to clarify the manner in which certain orders are routed by the Exchange to other market centers. The text of the proposed rule change is available on the Exchange's Web site...

  2. 77 FR 8927 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-02-15

    ... FR 312 (``Notice''). II. Description of the Proposal The Exchange proposes to add Interpretation and... (September 13, 2006), 71 FR 55037 (September 20, 2006) (SR-CHX-2005-06). III. Discussion The Commission finds... any officer of the Exchange designated by the Chief Regulatory Officer (``CRO'') to suspend...

  3. 76 FR 19171 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-06

    ... price and quantity. As applied to Reserve Orders, the Exchange's trading system currently allows a... maintains price/ time priority. This constitutes no changes to current Exchange system practice and is... From the Federal Register Online via the Government Publishing Office SECURITIES AND...

  4. 76 FR 57088 - Self-Regulatory Organizations; Chicago Stock Exchange, Incorporated; Notice of Designation of a...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-15

    ... Release No. 64937 (July 20, 2011), 76 FR 44638 (``Notice''). \\4\\ See letter from Christopher Meyer, Chief... Clearing-Related Information for Trades Executed on the Exchange as Well as for Trades Executed...

  5. 78 FR 69900 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-11-21

    ... addition to BAC, NOK, and SIRI. See Exchange Act Release No. 34-69941; 78 FR 41966; SR-NSX-2013-14. \\13\\ See Exchange Act Release No. 34-70525; 78 FR 60954; SR-NSX- 2013-18. In its previous filings with... Schedule to remove AMD and MU from ] the list of Select Securities and add AAPL and GOOG.\\13\\ \\12\\...

  6. 76 FR 61460 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-10-04

    ... Exchange Act Release No. 64547 (May 25, 2011), 76 FR 31647 (June 1, 2011). The Joint CFTC-SEC Advisory... (April 9, 1998), 63 FR 18477 (April 15, 1998) (SR-NYSE-98-06, SR-Amex-98-09, SR-BSE-98-06, SR-CHX-98-08... Exchange Act Release No. 64735 (June 23, 2011), 76 FR 38243 (June 29, 2011) (SR-BATS-2011-016;...

  7. The technical analysis of the stock exchange and physics: Japanese candlesticks for solar activity

    NASA Astrophysics Data System (ADS)

    Dineva, C.; Atanasov, V.

    2013-09-01

    In this article, we use the Japanese candlesticks, a method popular in the technical analysis of the Stock/Forex markets and apply it to a variable in physics-the solar activity. This method is invented and used exclusively for economic analysis and its application to a physical problem produced unexpected results. We found that the Japanese candlesticks are convenient tool in the analysis of the variables in the physics of the Sun. Based on our observations, we differentiated a new cycle in the solar activity.

  8. The use of copula functions for modeling the risk of investment in shares traded on the Warsaw Stock Exchange

    NASA Astrophysics Data System (ADS)

    Domino, Krzysztof; Błachowicz, Tomasz

    2014-11-01

    In our work copula functions and the Hurst exponent calculated using the local Detrended Fluctuation Analysis (DFA) were used to investigate the risk of investment made in shares traded on the Warsaw Stock Exchange. The combination of copula functions and the Hurst exponent calculated using local DFA is a new approach. For copula function analysis bivariate variables composed of shares prices of the PEKAO bank (a big bank with high capitalization) and other banks (PKOBP, BZ WBK, MBANK and HANDLOWY in decreasing capitalization order) and companies from other branches (KGHM-mining industry, PKNORLEN-petrol industry as well as ASSECO-software industry) were used. Hurst exponents were calculated for daily shares prices and used to predict high drops of those prices. It appeared to be a valuable indicator in the copula selection procedure, since Hurst exponent’s low values were pointing on heavily tailed copulas e.g. the Clayton one.

  9. Comparing Tehran STOCK Exchange as AN Emerging Market with a Mature Market by Random Matrix Approach

    NASA Astrophysics Data System (ADS)

    Namaki, A.; Raei, R.; Jafari, G. R.

    We analyze cross-correlation between return fluctuations of stocks of an emerging market by using random matrix theory (RMT). We test the statistics of eigenvalues of cross-correlation (C) between stocks of the Tehran Price Index (TEPIX) as an emerging market and compare these with a mature market (US market). According to the "null hypothesis," a random correlation matrix constructed from mutually uncorrelated time series, the deviation from the Gaussian orthogonal ensemble of RTM is a good criterion. We find that a majority of the eigenvalues of C fall within the bulk (RMT bounds between λ+ and λ-) for the eigenvalues of the random correlation matrices. Further, we find that the distribution of eigenvector components for the eigenvectors corresponding to the largest deviating eigenvalues, display systematic deviations from the RMT prediction. Analyzing the components of the deviating eigenvectors by Inverse Participation Ratio, leads us to know that the largest eigenvalue corresponds to an influence common to the whole market. Our analysis of the other deviating eigenvectors shows distinct industries, whose identities corresponds to the structure of the Iran business environment.

  10. High-order fuzzy time-series based on multi-period adaptation model for forecasting stock markets

    NASA Astrophysics Data System (ADS)

    Chen, Tai-Liang; Cheng, Ching-Hsue; Teoh, Hia-Jong

    2008-02-01

    Stock investors usually make their short-term investment decisions according to recent stock information such as the late market news, technical analysis reports, and price fluctuations. To reflect these short-term factors which impact stock price, this paper proposes a comprehensive fuzzy time-series, which factors linear relationships between recent periods of stock prices and fuzzy logical relationships (nonlinear relationships) mined from time-series into forecasting processes. In empirical analysis, the TAIEX (Taiwan Stock Exchange Capitalization Weighted Stock Index) and HSI (Heng Seng Index) are employed as experimental datasets, and four recent fuzzy time-series models, Chens (1996), Yus (2005), Chengs (2006) and Chens (2007), are used as comparison models. Besides, to compare with conventional statistic method, the method of least squares is utilized to estimate the auto-regressive models of the testing periods within the databases. From analysis results, the performance comparisons indicate that the multi-period adaptation model, proposed in this paper, can effectively improve the forecasting performance of conventional fuzzy time-series models which only factor fuzzy logical relationships in forecasting processes. From the empirical study, the traditional statistic method and the proposed model both reveal that stock price patterns in the Taiwan stock and Hong Kong stock markets are short-term.

  11. 76 FR 20792 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-13

    ... Release No. 34-62886 (September 10, 2010), 75 FR 56613 September 16, 2010) approving SR-CHX-2010-13. \\5\\ See Securities Exchange Act Release No. 34-63487 (December 9, 2010), 75 FR 78279 December 15, 2010). 2... equitable principles of trade, remove impediments to, and perfect the mechanism of, a free and open...

  12. 78 FR 60945 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-10-02

    ... Article 20, Rule 10(c)(4). See Securities Exchange Act Release No. 65115 (August 11, 2011), 76 FR 51447.... 68802 (February 1, 2013), 78 FR 9092 (Feb. 7, 2013) (SR-CHX-2013-04). On September 10, 2010, the... (September 10, 2010), 75 FR 56613 (September 16, 2010) (SR-CHX-2010-13). \\6\\ Id. \\7\\ See Securities...

  13. 76 FR 46866 - Self-Regulatory Organizations; Chicago Stock Exchange, Incorporated; Notice of Filing of Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-03

    ..., 2006), 71 FR 42693 (July 27, 2006) (SR-CHX-2005-34). The Exchange also proposes to require that any... Rule Change To Amend Article 20, Rule 9 (Cancellation of Transactions) and Interpretation and Policy... Article 20, Rule 9 (Cancellation of Transactions) and Interpretation and Policy .01 thereunder...

  14. 75 FR 69507 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-11-12

    ... order interaction (``AutoEx'').\\3\\ \\3\\ The Exchange's two modes of order interaction are described in... above that add liquidity in AutoEx, the proposed rule modifies the volume thresholds necessary to... orders priced one dollar or higher that add liquidity in AutoEx if such ETP Holder's Liquidity Adding...

  15. 76 FR 36596 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-06-22

    ... Release No. 64370 (April 29, 2011); 76 FR 25727 (``Notice''). II. Description The Exchange proposed to...-4 thereunder,\\2\\ a proposed rule change amending CHX Article 12, Rule 8 (Minor Rule Plan) (``MRP'') to incorporate additional violations into the MRP, increase the sanctions for certain violations,...

  16. 78 FR 16311 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-14

    ... executable without repricing. \\8\\ Securities Exchange Act Release No. 64319 (Apr. 21, 2011), 76 FR 23634 (Apr... entry and in certain cases again reprices and re-displays an order at a more aggressive price one time... achieves a more aggressive price, based upon changes to the prevailing NBBO; provided, however, that...

  17. 78 FR 8638 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-06

    ... the market- wide circuit breakers on a pilot basis for a period scheduled to start on February 4, 2013... market volatility (``market-wide circuit breakers'').\\5\\ The Exchange, other equities, options, and futures markets, and FINRA amended the market-wide circuit breakers to take into consideration...

  18. 76 FR 74088 - Self-Regulatory Organizations; Chicago Stock Exchange, Incorporated; Notice of Filing Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-11-30

    ... Rule Change To Exclude Rights and Warrants From the Individual Securities Circuit Breaker Rule November... circuit breaker rule. The text of this proposed rule change is available on the Exchange's Web site at... warrants from the individual securities circuit breaker under the rule. The Commission approved Article...

  19. 77 FR 5605 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-02-03

    ... to extend the pilot program relating to individual securities circuit breakers. The text of this... amend Article 20, Rule 2 to create circuit breakers in individual securities on a pilot basis to end on... Breakers January 30, 2012. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the...

  20. 76 FR 20393 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-12

    ... amend its rules to extend the pilot program relating to individual securities circuit breakers. The text... amend Article 20, Rule 2 to create circuit breakers in individual securities on a pilot basis to end on... Breakers April 6, 2011. Pursuant to Section 19(b)(1) \\1\\ of the Securities Exchange Act of 1934 (the...

  1. 75 FR 78310 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-12-15

    ... to extend the pilot program relating to individual securities circuit breakers. The text of this... Article 20, Rule 2 to create circuit breakers in individual securities on a pilot basis to end on December... Breakers December 9, 2010. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934...

  2. 77 FR 69522 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-19

    ... higher cost structure than automated matching engines due to its increased operational, technology and... (February 10, 2003), 68 FR 7635 (February 14, 2003) (SR-NASD-2003-09), see also, Securities Exchange Act Release No. 55379 (March 1, 2007), 72 FR 10283 (March 7, 2007) (SR-NASD-2007-017). While the...

  3. 75 FR 78786 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-12-16

    ... Release No. 62252 (June 10, 2010), 75 FR 36746 (June 28, 2010) (SR-NSX-2010 05). \\4\\ See Securities Exchange Act Release No. 62884 (September 10, 2010), 75 FR 59316 (September 27, 2010) (SR-NSX-2010-08). 2... Individual Securities Due To Extraordinary Market Volatility December 9, 2010. Pursuant to Section...

  4. 78 FR 9092 - Self Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-07

    ... 31, 2012), 77 FR 33498 (June 6, 2012) (File No. 4-631) (Order Approving, on a Pilot Basis, the... September 30, 2013. \\5\\ See Securities Exchange Act Release No. 67572 (August 2, 2012), 77 FR 47481 (August... 10, 2010), 75 FR 56613 (September 16, 2010) (SR-CHX-2010-13). \\7\\ Id. Proposed Limit Up-Limit...

  5. 78 FR 70085 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-11-22

    ... FR 66791 (November 6, 2013) (Order Approving a Proposed Rule Change to Adopt Standards for the... amendments to CHX rules. \\8\\ See Securities Exchange Act Release No. 70381 (September 12, 2013), 78 FR 57431... Release No. 70597 (October 2, 2013), 78 FR 62728 (October 22, 2013) (SR-CHX-2013-14) (``Notice of...

  6. 78 FR 28671 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-05-15

    ... (September 29, 2006), 71 FR 59563 (October 10, 2006) (SR-CHX-2006-05). \\23\\ The Exchange anticipates filing a... One Rule and to Clarify the Basic Requirements of All Orders Sent to the Matching System May 8, 2013... sent to the CHX Matching System (the ``Matching System''). The text of this proposed rule change...

  7. 77 FR 2103 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-01-13

    ...), 71 FR 27758 (May 12, 2006) (SR-CHX-2004-38). This proposal amended the Exchanges rules regarding the... No. 60620 (Sept. 3, 2009), 74 FR 46814 (Sept. 11, 2009) (SR-CHX-2009-10). This proposal added the.... Proposed new Rule 5 provides that IBR users of the Brokerplex system are responsible for entering...

  8. 75 FR 25012 - Self-Regulatory Organizations; Boston Stock Exchange Clearing Corporation; Notice of Filing and...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-05-06

    ...\\ Securities Exchange Act Release No. 61876 (April 8, 2010), 75 FR 19436 (April 14, 2010) (SR-NASDAQ-2010-025... (``Board''). Under Corporate Governance Guidelines adopted by the Board, however, any director in an... purpose. \\7\\ NASDAQ OMX also amended its Corporate Governance Guidelines to reflect the majority...

  9. 78 FR 75633 - Self-Regulatory Organizations; Boston Stock Exchange Clearing Corporation; Notice of Filing of...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-12

    ... Proposed Rule Change To Amend the Restated Certificate of Incorporation and By-Laws of The NASDAQ OMX Group...-Laws (the ``By-Laws'') of its parent corporation, The NASDAQ OMX Group, Inc. (``NASDAQ ] OMX'' or the... converting noteholders. \\11\\ See Securities Exchange Act Release No. 60845 (October 20, 2009), 74 FR...

  10. 76 FR 25396 - Self-Regulatory Organizations; The Boston Stock Exchange Clearing Corporation; Notice of Filing...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-05-04

    ... Parent Corporation, the NASDAQ OMX Group, Inc. April 27, 2011. Pursuant to Section 19(b)(1) of the... change relate to amendments to the By-Laws of BSECC's parent corporation, The NASDAQ OMX Group, Inc... election.\\6\\ \\5\\ Securities Exchange Act Release No. 34-64285 (April 8, 2011), 76 FR 21085 (April 14,...

  11. 78 FR 78424 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-26

    ... Release No. 69903 (July 1, 2013), 78 FR 40788 (July 8, 2013) (SR-CHX-2013-12) (``Notice of Filing and... Order Cancellation Fee''); see also Securities Exchange Act Release No. 69903A (August 13, 2013), 78 FR... Release No. 70546 (October 3, 2013), 78 FR 61413 (September 27, 2013) (``Notice of Filing and...

  12. 77 FR 74533 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-12-14

    ... the full or partial quantity of an inbound contra-side order that potentially may be matched within...) months of participation. \\7\\ See Securities Exchange Act Release No. 68215 (November 13, 2012), 77 FR... mode of interaction (``Auto-Ex Mode''),\\11\\ because Order Delivery is a model that requires...

  13. 78 FR 3058 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-15

    ... Order Delivery participant communicating the details of the full or partial quantity of an inbound... Notifications per month. \\7\\ See Securities Exchange Act Release No. 68391 (December 10, 2012), 77 FR 74536...\\ because Order Delivery Mode is a model that utilizes a substantial portion of the...

  14. 78 FR 9443 - Self-Regulatory Organizations; Boston Stock Exchange Clearing Corporation; NASDAQ OMX BX, Inc...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-08

    ...., 77 FR at 77171. \\18\\ See Securities Exchange Act Release No. 67564 (August 1, 2012), 77 FR 47161) (SR...., NASDAQ Notice 77 FR 77170. The Commission finds that this proposal is consistent with the Act... the Delaware General Corporation Law, all members of committees with the power and authority to act...

  15. 76 FR 33794 - Self-Regulatory Organizations; Chicago Stock Exchange, Incorporated; Notice of Filing and...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-06-09

    ... essentially broken down into two parts: (i) Basic requirements for an order to be deemed acceptable by the... proposing to amend its rule to give the Exchange the ability to turn an order type under CHX Article 20... an order type eligible or ineligible intraday. \\9\\ The ability to turn an order on or off is...

  16. 76 FR 35257 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-06-16

    ... FR 57980 (Oct. 11, 2007). \\5\\ See e-mail, dated June 2, 2011, from David C. Whitcomb, Jr., General... Effectiveness of Proposed Rule Change To Add a Rule Concerning the CHX Book Feed June 10, 2011. Pursuant to..., Rule 1 (Book Feed) to include an explicit description of the Exchange's Book Feed information...

  17. 75 FR 47049 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-08-04

    .... 59963 (May 21, 2009), 74 FR 25787 (May 29, 2009) (SR-BATS-2009-012); and Securities Exchange Act Release No. 58685 (September 30, 2008), 73 FR 58277 (October 6, 2008) (SR-ISE- 2008-73). \\14\\ For the... Outside of Regular Trading Hours July 29, 2010. Pursuant to Section 19(b)(1) of the Securities...

  18. 78 FR 66791 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-11-06

    ...). \\2\\ 17 CFR 240.19b-4. \\3\\ See Securities Exchange Act Release No. 70381 (September 12, 2013), 78 FR... does not currently offer order routing. See Notice, supra note 3, 78 FR at 57432 n.10. Proposed..., in compliance with all applicable CHX and Commission rules. B. Proposed Article 20, Rule 9A...

  19. 76 FR 20409 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-12

    ... extraordinary market volatility, if adopted, applies to the Circuit Breaker Securities as defined in Commentary... mechanism, if adopted, applies to the Circuit Breaker Securities. \\3\\ See Securities Exchange Act Release No... Individual Securities Due to Extraordinary Market Volatility April 6, 2011. Pursuant to Section 19(b)(1)...

  20. 76 FR 20763 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-13

    ... down mechanism to address extraordinary market volatility, if adopted, applies to the Circuit Breaker... mechanism, if adopted, applies to the Circuit Breaker Securities. \\3\\ See Securities Exchange Act Release No... 11, 2011.\\4\\ Similar rule changes were adopted by other markets in the national market system in...

  1. 78 FR 11258 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-15

    ..., 2013. Currently, for agency executions on the Exchange through an Institutional Broker, Section E.3.a... Trading Session shall be paid to the Institutional Broker representing the Participant which originated... Early or Late Trading Sessions shall be paid to the Institutional Broker representing the...

  2. 77 FR 76141 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-12-26

    ... deliveries, and/or journal entries relating to securities or funds in the possession or control of the... Public Reference Room. \\4\\ See Exchange Act Release No. 66279 (Jan. 30, 2012), 77 FR 5611 (Feb. 3, 2012... 1994 (``Prevention Act'') in 1995. See Federal Trade Commission, Telemarketing Sales Rule, 60 FR...

  3. 75 FR 4436 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-01-27

    ... hoping to benefit from Intermarket Sweep Order (``ISO'') satisfaction orders sent to the Exchange... to receive and process. Moreover the presence of Wide orders in our book can make it more difficult... the Commission process and review your comments more efficiently, please use only one method....

  4. 75 FR 55389 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-09-10

    ... of Order Delivery September 1, 2010. Pursuant to Section 19(b)(1) of the Securities Exchange Act of... utilizing the Order Delivery mode of order interaction must respond to an inbound order before the ETP... the time within which an ETP Holders submitting displayed orders utilizing the Order Delivery mode...

  5. 76 FR 7604 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-02-10

    ... Effectiveness of Proposed Rule Change To Expand Use of Self Trade Prevention Order Modifiers February 3, 2011... Proposed Rule Change 1. Purpose The Self Trade Prevention (``STP'') modifier under NSX Rule 11.11(c)(1...) instead of otherwise interacting. \\4\\ Securities Exchange Act Release No. 61781 (March 25, 2010), 75...

  6. 78 FR 60954 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-10-02

    .... (``MU'') from the list of Select Securities, and replace them with Apple Inc. (``AAPL'') and Google Inc... Act Release No. 34-69941; 78 FR 41966; SR-NSX-2013-14 . The text of the proposed rule change is... securities and for all other securities. \\10\\ Exchange Act Release No. 34-70382; 78 FR 57247; SR-CBOE-...

  7. 75 FR 37861 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-30

    ... Effectiveness of Proposed Rule Change To Implement an Equity Rights Program June 22, 2010. Pursuant to Section... of the Proposed Rule Change NSX is proposing to implement an equity rights program pursuant to which warrants may be purchased that would allow equity in the Exchange's parent holding company to be...

  8. 78 FR 35082 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-06-11

    ... Authority. \\5\\ See Securities Exchange Act Release No. 68219 (November 13, 2012), 77 FR 69673 (November 20... Room, 100 F Street NE., Washington, DC 20549-1090, on official business days between the hours of 10:00... personal identifying information from submissions. You should submit only information that you wish to...

  9. 26 CFR 1.1036-1 - Stock for stock of the same corporation.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... exchanged for voting stock. It is not limited to an exchange between two individual stockholders; it... 26 Internal Revenue 11 2012-04-01 2012-04-01 false Stock for stock of the same corporation. 1.1036...) INCOME TAX (CONTINUED) INCOME TAXES (CONTINUED) Common Nontaxable Exchanges § 1.1036-1 Stock for stock...

  10. 26 CFR 1.1036-1 - Stock for stock of the same corporation.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... exchanged for voting stock. It is not limited to an exchange between two individual stockholders; it... 26 Internal Revenue 11 2014-04-01 2014-04-01 false Stock for stock of the same corporation. 1.1036...) INCOME TAX (CONTINUED) INCOME TAXES (CONTINUED) Common Nontaxable Exchanges § 1.1036-1 Stock for stock...

  11. 26 CFR 1.1036-1 - Stock for stock of the same corporation.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... exchanged for voting stock. It is not limited to an exchange between two individual stockholders; it... 26 Internal Revenue 11 2013-04-01 2013-04-01 false Stock for stock of the same corporation. 1.1036...) INCOME TAX (CONTINUED) INCOME TAXES (CONTINUED) Common Nontaxable Exchanges § 1.1036-1 Stock for stock...

  12. 26 CFR 1.1036-1 - Stock for stock of the same corporation.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... exchanged for voting stock. It is not limited to an exchange between two individual stockholders; it... 26 Internal Revenue 11 2011-04-01 2011-04-01 false Stock for stock of the same corporation. 1.1036...) INCOME TAX (CONTINUED) INCOME TAXES (CONTINUED) Common Nontaxable Exchanges § 1.1036-1 Stock for stock...

  13. 76 FR 51439 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-18

    ... Release Nos. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010) (File Nos. SR-BATS-2010-014; SR-EDGA- 2010... 10, 2010), 75 FR 34183 (June 16, 2010) (SR-FINRA-2010- 025). \\5\\ See e.g.,Securities Exchange Act Release Nos. 62884 (September 10, 2010), 75 FR 56618 (September 16, 2010) (File Nos. SR-BATS-2010-018;...

  14. 76 FR 74103 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-11-30

    ... No. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010) (File Nos. SR-BATS- 2010-014; SR-EDGA-2010-01... Exchange Act Release No. 62251 (June 10, 2010), 75 FR 34183 (June 16, 2010) (SR-FINRA-2010-025). \\4\\ The... (September 10, 2010), 75 FR 56618 (September 16, 2010) (File Nos. SR-BATS-2010-018; SR-BX-2010-044;...

  15. Stock price forecasting for companies listed on Tehran stock exchange using multivariate adaptive regression splines model and semi-parametric splines technique

    NASA Astrophysics Data System (ADS)

    Rounaghi, Mohammad Mahdi; Abbaszadeh, Mohammad Reza; Arashi, Mohammad

    2015-11-01

    One of the most important topics of interest to investors is stock price changes. Investors whose goals are long term are sensitive to stock price and its changes and react to them. In this regard, we used multivariate adaptive regression splines (MARS) model and semi-parametric splines technique for predicting stock price in this study. The MARS model as a nonparametric method is an adaptive method for regression and it fits for problems with high dimensions and several variables. semi-parametric splines technique was used in this study. Smoothing splines is a nonparametric regression method. In this study, we used 40 variables (30 accounting variables and 10 economic variables) for predicting stock price using the MARS model and using semi-parametric splines technique. After investigating the models, we select 4 accounting variables (book value per share, predicted earnings per share, P/E ratio and risk) as influencing variables on predicting stock price using the MARS model. After fitting the semi-parametric splines technique, only 4 accounting variables (dividends, net EPS, EPS Forecast and P/E Ratio) were selected as variables effective in forecasting stock prices.

  16. 26 CFR 1.306-3 - Section 306 stock defined.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... a stock dividend, or the stock is received in exchange for section 306 stock. If, in a transaction... applies. Common stock received in exchange for section 306 stock in a recapitalization shall not be... B which is controlled by him in exchange for common stock of Corporation B in a transaction to...

  17. 26 CFR 1.306-3 - Section 306 stock defined.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... a stock dividend, or the stock is received in exchange for section 306 stock. If, in a transaction... applies. Common stock received in exchange for section 306 stock in a recapitalization shall not be... B which is controlled by him in exchange for common stock of Corporation B in a transaction to...

  18. 26 CFR 1.306-3 - Section 306 stock defined.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... a stock dividend, or the stock is received in exchange for section 306 stock. If, in a transaction... applies. Common stock received in exchange for section 306 stock in a recapitalization shall not be... B which is controlled by him in exchange for common stock of Corporation B in a transaction to...

  19. 26 CFR 1.306-3 - Section 306 stock defined.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... a stock dividend, or the stock is received in exchange for section 306 stock. If, in a transaction... applies. Common stock received in exchange for section 306 stock in a recapitalization shall not be... B which is controlled by him in exchange for common stock of Corporation B in a transaction to...

  20. 26 CFR 1.306-3 - Section 306 stock defined.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... a stock dividend, or the stock is received in exchange for section 306 stock. If, in a transaction... applies. Common stock received in exchange for section 306 stock in a recapitalization shall not be... B which is controlled by him in exchange for common stock of Corporation B in a transaction to...

  1. 17 CFR 240.16a-9 - Stock splits, stock dividends, and pro rata rights.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Stock splits, stock dividends... Government Securities Dealers § 240.16a-9 Stock splits, stock dividends, and pro rata rights. The following... held as a result of a stock split or stock dividend applying equally to all securities of a...

  2. 78 FR 77739 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-24

    ... Exchange Act Release No. 62960 (September 21, 2010), 75 FR 59310 (September 27, 2010) (SR-NYSE-2010-56... Exchange. See, e.g., Securities Exchange Act Release No. 65973 (December 15, 2011), 76 FR 79232 (December... Securities Exchange Act Release No. 70206 (August 15, 2013), 78 FR 51765 (August 21, 2013)...

  3. 78 FR 74200 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-10

    ... Exchange Act Release No. 62960 (September 21, 2010), 75 FR 59310 (September 27, 2010) (SR-NYSE-2010-56... directly from the Exchange. See, e.g., Securities Exchange Act Release No. 65973 (December 15, 2011), 76 FR..., Inc. See Securities Exchange Act Release No. 70206 (August 15, 2013), 78 FR 51765 (August 21,...

  4. 77 FR 65028 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-10-24

    ... Effectiveness of Proposed Rule Change Amending Sections 102.01 and 103.00 of the Exchange's Listed Company... Exchange, When Determining the Qualification for Initial Listing Under Section 102.01 of a Company From... Rule Change The Exchange proposes to amend Sections 102.01 and 103.00 of the Exchange's Listed...

  5. 76 FR 23637 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-27

    ...\\ See Securities Exchange Act Release No. 64039 (March 4, 2011), 76 FR 13251. II. Description of the... Amending Exchange Rule 103B To Modify the Application of the Exchange's Designated Market Maker Allocation... the application of the Exchange's Designated Market Maker (``DMM'') allocation policy in the event...

  6. 78 FR 69907 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-11-21

    ... Exchange Act Release No. 62960 (September 21, 2010), 75 FR 59310 (September 27, 2010) (SR-NYSE-2010-56... from the Exchange. See, e.g., Securities Exchange Act Release No. 65973 (December 15, 2011), 76 FR... Arca, Inc. See Securities Exchange Act Release No. 70206 (August 15, 2013), 78 FR 51765 (August...

  7. 75 FR 60152 - Self-Regulatory Organizations; The Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-09-29

    ... Than One Dollar September 23, 2010. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934... Participants for transactions involving issues priced less than one dollar that occur within the Exchange's... dollar that occur within the Exchange's Matching System. The Exchange proposes to change the...

  8. 75 FR 28090 - Self-Regulatory Organizations; The Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-05-19

    ... Less Than One Dollar May 12, 2010. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934... transactions involving issues priced less than one dollar that occur within the Exchange's Matching System. The... dollar that occur within the Exchange's Matching System. The Exchange proposes to decrease the...

  9. 76 FR 67507 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-11-01

    ... List To Establish a Fee for Users That Host Their Customers at the Exchange's Data Center October 26... Exchange's data center. The text of the proposed rule change is available at the Exchange, the Commission's.... Purpose The Exchange operates a data center in Mahwah, New Jersey from which it provides...

  10. 77 FR 312 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-01-04

    ... as part of this proposal. \\6\\ See Securities Exchange Act Release No. 54437 (Sept. 13, 2006), 71 FR..., this Rule authorizes the Exchange's Chief Regulatory Officer (``CRO'') to suspend a Participant's... promulgated thereunder). The Exchange proposes to permit any Officer of the Exchange designated by the CRO...

  11. 77 FR 63388 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-10-16

    ..., the cost the Exchange incurs to provide listing services. Listing service costs include, but are not... the Exchange. \\7\\ See Securities Exchange Act Release No. 52696 (October 28, 2005), 70 FR 66881...), 70 FR 55933 (September 23, 2005) (SR-NYSE-2005-35), at 55934 . The Exchange believes that...

  12. 78 FR 14378 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-05

    ....S. From Rented Space at the New York Mercantile Exchange to the Exchange's Facilities at 20 Broad... Futures U.S. (``IFUS'') \\4\\ from rented space at the New York Mercantile Exchange (``NYMEX'') to the... for, the Proposed Rule Change 1. Purpose The Exchange proposes to make trading space at 20...

  13. 75 FR 168 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-01-04

    ... closing transaction in Bank of America's security exceeded 99,999,999 shares. On that date the Exchange... Exchange Act Release No. 61125 (December 7, 2009), 74 FR 66182 (December 14, 2009) (SR-NYSE- 2009-122)....

  14. 78 FR 51765 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-21

    ... Securities Exchange Act Release No. 62960 (September 21, 2010), 75 FR 59310 (September 27, 2010) (SR-NYSE... directly from the Exchange. See, e.g., Securities Exchange Act Release No. 65973 (December 15, 2011), 76 FR... Act Release No. 62961 (September 21, 2010), 75 FR 59299 (September 27, 2010)...

  15. 78 FR 75432 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-11

    ... Securities Exchange Act Release No. 70794 (October 31, 2013), 78 FR 66789 (November 6, 2013) (SR-CTA-2013-05... also Securities Exchange Act Release No. 70793 (October 31, 2013), 78 FR 66788 (November 6, 2013) (File... Securities Exchange Act Release No. 70898 (November 19, 2013), 78 FR 70386 (November 25, 2013)...

  16. 76 FR 38232 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-06-29

    ... securities laws.\\5\\ \\4\\ See Securities Exchange Act Release No. 55590 (April 5, 2007), 72 FR 18707 (April 13... Securities Exchange Act Release No. 57870 (May 27, 2008), 73 FR 31526 (June 2, 2008) (SR-NYSE-2008-37). As... Securities Exchange Act Release No. 60255 (July 7, 2009), 74 FR 34065 (July 14, 2009) (SR-NYSE-2009-58)....

  17. 77 FR 43636 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-07-25

    ...\\ See Securities Exchange Act Release No. 59606 (Mar. 19, 2009); 74 FR 13293 (Mar. 26, 2009) (SR-NYSE... No. 62038 (May 5, 2010), 75 FR 26825 (May 12, 2010) (SR- NYSE-2010-22). The Exchange proposes to add..., 2010), 75 FR 70311 (Nov. 17, 2010) (SR-NYSEArca-2010-97). For these reasons, the Exchange believes...

  18. 77 FR 57625 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-09-18

    ... from another U.S. exchange.\\3\\ \\3\\ See Securities Exchange Act Release No. 65127 (Aug. 12, 2011), 76 FR.... companies that are already listed on a foreign exchange may not conduct a public offering in connection with... From the Federal Register Online via the Government Publishing Office ] SECURITIES AND...

  19. 75 FR 36746 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-28

    ... Securities Exchange Act Release No. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010) (SR-NSX-2010- 05). The... Securities.'' Second, the Exchange replacing existing paragraph (c)(4) of Rule 11.19, entitled ``Numerical... eliminate the ability of the Exchange to deviate from the Numerical Guidelines contained in paragraph...

  20. 76 FR 82339 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-30

    ... unit. \\4\\ See Securities Exchange Act Release No. 58857 (October 24, 2008), 73 FR 65435 (November 3... submit a written letter to an Exchange Selection Panel (``ESP'') expressing a preference for a DMM if the... 103B(III)(B), the Exchange proposes to permit the ESP to consider, as part of the selection...

  1. 78 FR 4936 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Amendment No. 3...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-23

    ... filing in full. \\4\\ See Securities Exchange Act Release No. 68033 (October 10, 2012), 77 FR 63370 (``Notice''). \\5\\ See Securities Exchange Act Release No. 68311 (November 28, 2012), 77 FR 71852 (December 4..., Securities Exchange Act Release No. 64149 (March 30, 2011), 76 FR 18966 (April 6, 2011) (``Rule...

  2. 77 FR 67034 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-08

    .... NYBX is a joint venture between the Exchange and BIDS Holdings L.P. (``BIDS''). Under the governance... interest in BIDS. See Securities Exchange Act Release No. 59281 (January 22, 2009), 74 FR 5014 (January 28, 2009) (SR-NYSE-2008-120); see also Securities Exchange Act Release No. 61257 (December 30, 2009), 75...

  3. 75 FR 4600 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving Proposed Rule Change...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-01-28

    ...\\ See Securities Exchange Act Release No. 61145 (December 10, 2009), 74 FR 67287. II. Description of the... burdens. The service allows Internet service providers, traditional market data vendors, and others... Exchange. \\4\\ See Securities Exchange Act Release No. 60004 (May 29, 2009), 74 FR 26905 (June 4, 2009)...

  4. 76 FR 43366 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-20

    ... Exchange Act Release No. 63375 (November 24, 2010), 75 FR 74759 (December 1, 2010) (Notice of filing of SR-FINRA- 2010-061). See also Securities Exchange Act Release No. 63999 (March 1, 2011), 76 FR 12380 (March... effective December 15, 2008.\\5\\ \\5\\ See Securities Exchange Act Release Nos. 56148 (July 26, 2007), 72...

  5. 76 FR 79232 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-21

    ....19b-4. \\3\\ See Securities Exchange Act Release No. 65629 (October 26, 2011), 76 FR 67507 (``Notice... and vendors.\\6\\ \\4\\ See Securities Exchange Act Release No. 62960 (September 21, 2010), 75 FR 59310..., 76 FR at 67508. \\6\\ Id. The Exchange anticipated that the potential additional Users would...

  6. 77 FR 2592 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-01-18

    .... \\3\\ See Securities Exchange Act Release No. 65090 (August 10, 2011), 76 FR 50790 (August 16, 2011... similar form. See Securities Exchange Act Release No. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010...; and SR-CBOE-2010-047) and Securities Exchange Act Release No. 62251 (June 10, 2010), 75 FR 34183...

  7. 77 FR 3527 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-01-24

    ... beginning in late 2006. See Securities Exchange Act Rel. No. 54550 (Sept. 29, 2006), 71 FR 59563 (Oct. 10, 2006) (SR-CHX-2006-05). \\5\\ See Securities Exchange Act Rel. No. 63564 (Dec. 16, 2010), 75 FR 80870 (Dec. 23, 2010) (SR-CHX-2010-25). \\6\\ See Securities Exchange Act Rel. No. 65633 (Oct. 26, 2011), 76...

  8. 75 FR 8163 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-02-23

    ... Rule 19b- 4.\\8\\ \\4\\ See Securities Exchange Act Release No. 59229 (January 12, 2009) 74 FR 3119... FR 10107 (March 9, 2009) (SR-NYSE-2009-20); see Securities Exchange Act Release No. 59864 (May 5, 2009) 74 FR 22194 (May 12, 2009) (SR-NYSE-2009-44); see Securities Exchange Act Release No. 60278...

  9. 75 FR 3767 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-01-22

    ....\\7\\ \\4\\ See Securities Exchange Act Release No. 59229 (January 12, 2009) 74 FR 3119 (January 16, 2009) (SR-NYSE-2009-01). \\5\\ See Securities Exchange Act Release No. 59491 (March 3, 2009) 74 FR 10107 (March 9, 2009) (SR-NYSE-2009-20); see Securities Exchange Act Release No. 59864 (May 5, 2009) 74...

  10. 77 FR 24239 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-04-23

    ...\\ See Securities Exchange Act Release No. 58877 (October 29, 2008), 73 FR 65904 (November 5, 2008) (SR... Securities assigned to the SLMM.\\11\\ \\9\\ See Securities Exchange Act Release No. 63255 (Nov. 5, 2010), 75 FR... Exchange believes that this class of registered market makers could be eligible for market maker...

  11. 76 FR 1653 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-01-11

    ...\\ See Securities Exchange Act Release No. 60436 (August 5, 2009), 74 FR 40252 (August 11, 2009) (File No... Release No. 57433 (March 5, 2008), 73 FR 13064 (March 11, 2008) (File No. SR-NYSE-2008-15). The Exchange... Exchange in the current month, (iv) create a tiered structure of credits to Supplemental...

  12. 75 FR 26825 - Self-Regulatory Organizations; New York Stock Exchange, LLC; Order Approving Proposed Rule Change...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-05-12

    ... CFR 240.19b-4. \\3\\ See Securities Exchange Act Release No. 61779 (March 25, 2010), 75 FR 16537... Securities Exchange Act Release No. 59544 (March 9, 2009), 74 FR 11162 (March 16, 2009) (SR-NYSE-2008-131... Pilot Program. See Securities Exchange Act Release No. 61780 (March 25, 2010), 75 FR 16535 (April...

  13. 78 FR 47474 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-05

    ... (Mar. 19, 2009), 74 FR 13293 (Mar. 26, 2009) (SR-NYSE-2009-04). In April 2013, the Exchange began.... \\5\\ See Securities Exchange Act Release No. 69272 (Apr. 2, 2013), 78 FR 20983 (Apr. 8, 2013) (SR-NYSE... the need for such data.\\8\\ \\8\\ See Securities Exchange Act Release No. 51808 (June 9, 2005), 70...

  14. 78 FR 20983 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-04-08

    ... Exchange Act Release No. 59606 (Mar. 19, 2009), 74 FR 13293 (Mar. 26, 2009) (SR-NYSE-2009-04). \\5\\ See id. at n.5; Securities Exchange Act Release No. 62038 (May 5, 2010), 75 FR 26825 (May 12, 2010) (SR-NYSE-2010-22). \\6\\ See Securities Exchange Act Release No. 67467 (July 19, 2012), 77 FR 43636 (July 25,...

  15. 77 FR 10581 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-02-22

    ... Effectiveness of Proposed Rule Change Amending Exchange Rule 123C(4) To Provide for How Certain Interest Is... 123C(4) to provide for how certain interest is included in the calculation of MOC and LOC ] imbalances... 1. Purpose The Exchange proposes to amend Exchange Rule 123C(4) to provide more specificity of...

  16. 78 FR 10226 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-13

    ... the exchange facility. See Securities Exchange Act Release No. 63898 (February 11, 2011), 76 FR 9616... the Text of Rule 1600, Which Governs NYBX Functionality February 7, 2013. Pursuant to Section 19(b)(1... of the Proposed Rule Change The Exchange proposes to contemporaneously delete the text of Rule...

  17. 78 FR 23620 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-04-19

    ...\\ See Securities Exchange Act Release No. 68538 (December 27, 2012), 78 FR 335 (January 3, 2013) (SR...), 77 FR 66893 (November 7, 2012) (SR-NYSE-2012- 58). The Exchange subsequently filed to extend the temporary suspension. See Securities Exchange Act Release Nos. 68161 (Nov. 5, 2012), 77 FR 67704 (Nov....

  18. 78 FR 7840 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-04

    ... Volatility. \\3\\ See Securities Exchange Act Release No. 67556 (August 1, 2012), 77 FR 47156 (August 7, 2012... similar form. See Securities Exchange Act Release No. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010...; and SR-CBOE-2010-047) and Securities Exchange Act Release No. 62251 (June 10, 2010), 75 FR 34183...

  19. 77 FR 76116 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-12-26

    ... Exchange Act Release No. 68017 (October 9, 2012), 77 FR 63404 (October 16, 2012) (SR-NYSE-2012-47). The... Exchange to recover, in part, the costs associated with processing and evaluating an issuer's application... $25,000 is reasonable because it would allow the Exchange to recover, in part, the costs...

  20. 75 FR 21077 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-04-22

    ... consumption and will reduce costs for the Exchange's customers. iii. Nonprofessional Subscriber Fee. The... Vendors and their subscribers to contribute to the Exchange's operating costs in a manner that is... make to meet the overall costs of the Exchange's operations; (vi) The savings in administrative...

  1. 77 FR 39292 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-07-02

    ... related fees.\\4\\ \\4\\ See Securities Exchange Act Release No. 62960 (September 21, 2010), 75 FR 59310... cross connects in the bundle would not result in any additional internal costs or Exchange fees for the... charge. The Exchange's initial cost for installing bundled cross connects is generally consistent...

  2. 77 FR 69688 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-20

    ...''). See also Securities Exchange Act Release No. 66107 (January 5, 2012), 77 FR 1759 (January 11, 2012...., Securities Exchange Act Release No. 64542 (May 25, 2011), 76 FR 31659 (June 1, 2011) (SR-NYSE-2011-13). All... connections related thereto, which the Exchange believes is sufficient to cover its costs related to...

  3. 78 FR 13127 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-26

    ... are traded. \\5\\ See Securities Exchange Act Release No. 68137 (Nov. 1, 2012), 77 FR 66893 (Nov. 7... internet issues. \\6\\ See Securities Exchange Act Release No. 68161 (Nov. 5, 2012), 77 FR 67704 (Nov. 12... temporary suspension). \\8\\ See Securities Exchange Act Release No. 68211 (Nov. 9, 2012), 77 FR 69534...

  4. 78 FR 5851 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-28

    ... are traded. \\4\\ See Securities Exchange Act Release No. 68137 (Nov. 1, 2012), 77 FR 66893 (Nov. 7... and internet issues. \\5\\ See Securities Exchange Act Release No. 68161 (Nov. 5, 2012), 77 FR 67704... of the temporary suspension). \\7\\ See Securities Exchange Act Release No. 68211 (Nov. 9, 2012), 77...

  5. 78 FR 42573 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-07-16

    ..., 2013.\\7\\ \\4\\ See Securities Exchange Act Release No. 56148 (July 26, 2007), 72 FR 42146 (Aug. 1, 2007...\\ See Securities Exchange Act Release No. 62355 (June 22, 2010), 75 FR 36729 (June 28, 2010) (SR-NYSE-2010-46). \\6\\ See Securities Exchange Act Release Nos. 68678 (Jan. 16, 2013), 78 FR 5213 (Jan. 24,...

  6. 78 FR 21457 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-04-10

    ... periods of market stress. \\4\\ See Securities Exchange Act Release No. 53539 (March 22, 2006), 71 FR 16353... FR 33498 (June 6, 2012) (``LULD Release''). Nevertheless, the Exchange proposes to phase out LRPs as... (January 31, 2013), 78 FR 8646 (February 6, 2013) (SR-NYSEArca-2013- 06). As such, the Exchange proposes...

  7. 78 FR 51780 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of Longer...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-21

    ...). \\2\\ 17 CFR 240.19b-4. \\3\\ See Securities Exchange Act Release No. 68936 (February 15, 2013), 78 FR... Mellon, dated March 28, 2013. \\5\\ See Securities Exchange Act Release No. 69286 (April 3, 2013), 78 FR..., Commission, dated May 17, 2013. \\7\\ See Securities Exchange Act Release No. 69622 (May 23, 2013), 78 FR...

  8. 75 FR 53366 - Self-Regulatory Organizations; BATS Exchange, Inc.; Chicago Board Options Exchange, Incorporated...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-08-31

    ...; BATS Exchange, Inc.; Chicago Board Options Exchange, Incorporated; Chicago Stock Exchange, Inc.; EDGA... Securities Exchange LLC; NASDAQ OMX BX, Inc.; The NASDAQ Stock Market LLC; National Stock Exchange, Inc.; New York Stock Exchange LLC; NYSE Amex LLC; NYSE Arca, Inc.; Notice of Designation of Longer Period...

  9. 26 CFR 1.1502-31 - Stock basis after a group structure change.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... with the T shareholders receiving $100 of P stock in exchange for their T stock. The transaction is a... exchange for their T stock. Under paragraph (b)(1) of this section, P's $100 basis in S's stock is... plan, P forms S and S acquires all of T's stock in exchange for P stock in a transaction described...

  10. 26 CFR 1.1244(d)-3 - Stock dividend, recapitalizations, changes in name, etc.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... receipt of a stock dividend; (2) the exchange of stock for stock pursuant to a reorganization described in section 368(a)(1)(E); and (3) the exchange of stock for stock pursuant to a reorganization described in... corporation is received by an individual or partnership in exchange for stock of such corporation meeting...

  11. 26 CFR 1.1502-31 - Stock basis after a group structure change.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... with the T shareholders receiving $100 of P stock in exchange for their T stock. The transaction is a... exchange for their T stock. Under paragraph (b)(1) of this section, P's $100 basis in S's stock is... plan, P forms S and S acquires all of T's stock in exchange for P stock in a transaction described...

  12. 26 CFR 1.1502-31 - Stock basis after a group structure change.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... with the T shareholders receiving $100 of P stock in exchange for their T stock. The transaction is a... exchange for their T stock. Under paragraph (b)(1) of this section, P's $100 basis in S's stock is... plan, P forms S and S acquires all of T's stock in exchange for P stock in a transaction described...

  13. 26 CFR 1.1244(d)-3 - Stock dividend, recapitalizations, changes in name, etc.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... receipt of a stock dividend; (2) the exchange of stock for stock pursuant to a reorganization described in section 368(a)(1)(E); and (3) the exchange of stock for stock pursuant to a reorganization described in... corporation is received by an individual or partnership in exchange for stock of such corporation meeting...

  14. 26 CFR 1.1244(d)-3 - Stock dividend, recapitalizations, changes in name, etc.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... receipt of a stock dividend; (2) the exchange of stock for stock pursuant to a reorganization described in section 368(a)(1)(E); and (3) the exchange of stock for stock pursuant to a reorganization described in... corporation is received by an individual or partnership in exchange for stock of such corporation meeting...

  15. 76 FR 27683 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Proposed Change...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-05-12

    ... program relating to individual securities circuit breakers and amend CHX Article 16, Rule 8 to simplify... To Add All NMS Stocks to the Single Securities Circuit Breaker Pilot Program May 6, 2011. Pursuant to... Release No. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010) (File Nos. SR-BATS-2010-014;...

  16. 78 FR 8662 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-06

    ... approved the proposed changes to the market- wide circuit breakers on a pilot basis for a period scheduled... halt trading in all stocks due to extraordinary market volatility (``market-wide circuit breakers'').\\7... proposed changes to the market-wide circuit breakers on a pilot basis for a period that corresponds to...

  17. 76 FR 30418 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-05-25

    ... NYSE Amex \\8\\ if: \\8\\ Securities listed on The NASDAQ Stock Market are traded on NYSE Amex pursuant to... Their Approved Booth Premises in Certain OTC Bulletin Board and OTC Markets Securities May 19, 2011... approved booth premises in certain OTC Bulletin Board (``OTCBB'') and OTC Markets \\4\\ securities. The...

  18. 76 FR 50529 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-15

    ... is in line with those adopted by NYSE Arca, Inc. (``NYSE Arca''), NASDAQ Stock Market LLC and EDGX... Release Nos. 64627 (June 8, 2011), 76 FR 34788 (June 14, 2011) (SR-NYSEArca-2011-35); 64453 (May 10, 2011), 76 FR 28252 (May 16, 2011) (SR-NASDAQ-2011-062); 64632 (June 8, 2011), 76 FR 34792 (June 14,...

  19. 75 FR 39063 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing of a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-07-07

    ... price discovery for the ETF, the underlying stocks and other products? Are there other market-based... to allow secondary market trading in the ETF shares. ETFs are generally index-based products, in that... fees and expenses, generally correspond to the price and yield performance of the underlying...

  20. 26 CFR 1.1036-1 - Stock for stock of the same corporation.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... corporation. (a) Section 1036 permits the exchange, without the recognition of gain or loss, of common stock... voting stock. It is not limited to an exchange between two individual stockholders; it includes a... 26 Internal Revenue 11 2010-04-01 2010-04-01 true Stock for stock of the same corporation....

  1. Trading network predicts stock price.

    PubMed

    Sun, Xiao-Qian; Shen, Hua-Wei; Cheng, Xue-Qi

    2014-01-01

    Stock price prediction is an important and challenging problem for studying financial markets. Existing studies are mainly based on the time series of stock price or the operation performance of listed company. In this paper, we propose to predict stock price based on investors' trading behavior. For each stock, we characterize the daily trading relationship among its investors using a trading network. We then classify the nodes of trading network into three roles according to their connectivity pattern. Strong Granger causality is found between stock price and trading relationship indices, i.e., the fraction of trading relationship among nodes with different roles. We further predict stock price by incorporating these trading relationship indices into a neural network based on time series of stock price. Experimental results on 51 stocks in two Chinese Stock Exchanges demonstrate the accuracy of stock price prediction is significantly improved by the inclusion of trading relationship indices. PMID:24429767

  2. Trading Network Predicts Stock Price

    NASA Astrophysics Data System (ADS)

    Sun, Xiao-Qian; Shen, Hua-Wei; Cheng, Xue-Qi

    2014-01-01

    Stock price prediction is an important and challenging problem for studying financial markets. Existing studies are mainly based on the time series of stock price or the operation performance of listed company. In this paper, we propose to predict stock price based on investors' trading behavior. For each stock, we characterize the daily trading relationship among its investors using a trading network. We then classify the nodes of trading network into three roles according to their connectivity pattern. Strong Granger causality is found between stock price and trading relationship indices, i.e., the fraction of trading relationship among nodes with different roles. We further predict stock price by incorporating these trading relationship indices into a neural network based on time series of stock price. Experimental results on 51 stocks in two Chinese Stock Exchanges demonstrate the accuracy of stock price prediction is significantly improved by the inclusion of trading relationship indices.

  3. Influence of soil C stocks and interannual climatic variability on the CO2 and CH4 exchange of maize cultivated on mineral and organic soils in NE Germany

    NASA Astrophysics Data System (ADS)

    Pohl, Madlen; Hagemann, Ulrike; Hoffmann, Mathias; Giebels, Michael; Albiac-Borraz, Elisa; Sommer, Michael; Augustin, Jürgen

    2014-05-01

    Due to its glacially influenced genesis and land use history, the soils of the Great Plain Region of NE-Germany show large differences in groundwater levels and soil carbon (C) stocks over short distances. Although generally featuring a rather dry climate, trace gas exchange at individual sites may be influenced by i) interannual climatic variability, particularly with respect to precipitation; as well as by ii) variability of soil C stocks. However, it is still unclear how these factors affect fluxes of CO2 and CH4, and if there is any positive or negative feedback on the C source or sink function of different soil types. We present measured and modeled CO2 and CH4 fluxes of minerally fertilized grain maize for three sites located near Paulinenaue, within the so-called Rhin-Havelluch, a shallow and drained paludification mire complex in NE Germany. The sites are characterized by a distinct gradient of 0-1 m soil organic C stocks: i) Arenosol (AR: mineral soil/distant groundwater; 8 000 g C m-2), ii) Gleysol (GL: organic soil/groundwater-dependent; 35 000 g C m-2), and iii) Histosol (HS: organic soil/near groundwater; 45 000 g C m-2). CO2 flux measurements of ecosystem respiration (Reco), net ecosystem exchange (NEE) and gross primary production (GPP; calculated as difference between NEE and Reco) were conducted every four weeks using a flow-through non-steady-state closed chamber system. Measurement gaps of Reco and NEE were filled by using temperature or radiation-based models, respectively. CH4 fluxes were measured bi-weekly using a static closed chamber system with interval sampling, with gap filling via linear interpolation. Cumulated fluxes of CO2-C (Reco, GPP, NEE) and CH4-C were calculated for a period of four consecutive years (2007-2010). The intensity of CO2-C fluxes increased with growing soil organic C stocks (AR < GL < HS). Mean annual values of the years 2008-2010 for Reco ranged between 1 500 g C m-2 and 2 000 g C m-2; annual GPP fluxes ranged from -1 400 g C m-2 to -2 300 g C m-2. NEE balances varied from C source on the mineral AR site (65 g C m-2) to C sink for organic sites (nearly -350 g C m-2). Annual CH4 exchange rates were generally very low < 0.3 g C m-2 and negligible compared to annual CO2 exchange. However, the exceptionally wet summer of 2007 (May to July) resulted in drastically increased CH4 emissions from the groundwater-influenced organic soils, particularly at the HS site where CH4 emissions were nearly 100 times higher emissions than in the following years (28 g C m-2). The excess moisture levels in 2007 also appeared to influence ecosystem CO2 exchange - likely through effects on maize growth - resulting in strongly increased Reco and GPP rates at the mineral AR site and drastically decreased Reco and GPP rates at the flooded HS site. The intensity of gaseous C fluxes seems to strongly depend on interactions between soil C stocks and interannual climatic variability. More detailed conclusions about the nature of these interactions require continuation of these measurements, i.e. long-term investigation.

  4. 12 CFR 931.2 - Issuance of capital stock.

    Code of Federal Regulations, 2014 CFR

    2014-01-01

    ... stock in exchange for its existing stock, through a conversion of its existing stock, or through any... 12 Banks and Banking 8 2014-01-01 2014-01-01 false Issuance of capital stock. 931.2 Section 931.2... STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.2 Issuance of capital stock. (a) In general. A Bank...

  5. 12 CFR 931.2 - Issuance of capital stock.

    Code of Federal Regulations, 2013 CFR

    2013-01-01

    ... stock in exchange for its existing stock, through a conversion of its existing stock, or through any... 12 Banks and Banking 8 2013-01-01 2013-01-01 false Issuance of capital stock. 931.2 Section 931.2... STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.2 Issuance of capital stock. (a) In general. A Bank...

  6. 12 CFR 931.2 - Issuance of capital stock.

    Code of Federal Regulations, 2012 CFR

    2012-01-01

    ... stock in exchange for its existing stock, through a conversion of its existing stock, or through any... 12 Banks and Banking 8 2012-01-01 2012-01-01 false Issuance of capital stock. 931.2 Section 931.2... STANDARDS FEDERAL HOME LOAN BANK CAPITAL STOCK § 931.2 Issuance of capital stock. (a) In general. A Bank...

  7. 76 FR 79726 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-22

    ... the Rule. \\4\\ See Securities Exchange Act Release No. 63444 (Dec. 6, 2010), 75 FR 77024 (Dec. 10, 2011) (SR-NYSE-2010-74). \\5\\ See Securities Exchange Act Release No. 63736 (Jan. 19, 2011), 76 FR 4959 (Jan... promote just and equitable principles of trade, to remove impediments to and perfect the mechanism of...

  8. 76 FR 51447 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-18

    ... Exchange Act Release Nos. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010) (File Nos. SR-BATS-2010-014...-047); 62251 (June 10, 2010), 75 FR 34183 (June 16, 2010) (SR-FINRA-2010- 025). \\7\\ See e.g.,Securities Exchange Act Release Nos. 62884 (September 10, 2010), 75 FR 56618 (September 16, 2010) (File Nos....

  9. 76 FR 76799 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-08

    ... Pilot'' or ``NMM Pilot''). See Securities Exchange Act Release No. 58845 (October 24, 2008), 73 FR 64379... Exchange Act Release No. 64761 (June 28, 2011), 76 FR 39147 (July 5, 2011) (SR-NYSE-2011-29). \\5\\ See NYSE...), 73 FR 71070 (November 24, 2008) (SR-NYSE-2008-115) at n.5. CADV is similarly used to...

  10. 77 FR 27508 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE Amex LLC; Notice of Designation...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-05-10

    ...\\ See Securities Exchange Act Release Nos. 65671 (November 2, 2011), 76 FR 69774 (SR-NYSE Amex-2011-84); and 65672 (November 2, 2011), 76 FR 69788 (SR-NYSE-2011-55). The Commission received 28 comments on...''). \\6\\ See Securities Exchange Act Release No. 66003, 76 FR 80445 (December 23, 2011). \\7\\ 17 CFR...

  11. 77 FR 7628 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE Amex LLC; Order Instituting...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-02-13

    ..., 2011), 76 FR 69774 (SR-NYSE Amex-2011-84); 65672 (November 2, 2011), 76 FR 69788 (SR-NYSE-2011-55). \\4... Release No. 66003, 76 FR 80445 (December 23, 2011). \\7\\ 17 CFR 242.612(c). \\8\\ The Exchanges amended the... Securities Exchange Act Release No. 43590 (November 17, 2000), 65 FR 75414 (December 1, 2000)...

  12. 76 FR 82024 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-29

    ... ``dark'' reserve interest priced at $10.03. \\7\\ See Securities Exchange Act Release No. 61072 (November 30, 2009), 74 FR 64103 (December 7, 2009) (SR-NYSE-2009-106). The Exchange also proposes to add new... and offer is $10.02 and $10.04 and there is ``dark'' reserve buy interest at $10.03, if the...

  13. 75 FR 36743 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-28

    ... Exchange Act Release No. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010) (SR-CHX-2010-10). The Exchange... existing paragraph (c)(4) of Rule 10, entitled ``Numerical Guidelines Applicable to Volatile Market Opens... from the Numerical Guidelines contained in paragraph (c)(1) (other than under limited circumstances...

  14. 75 FR 36759 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-28

    ...), 75 FR 34186 (June 16, 2010) (SR-NYSE-2010-39). As described above, the Exchange is proposing to..., entitled ``Numerical Guidelines Applicable to Volatile Market Opens'' with a new paragraph, entitled... (g) of Rule 128 to eliminate the ability of the Exchange to deviate from the Numerical...

  15. 78 FR 79044 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-27

    ... markets. The Exchange believes the risk management tools will assist member organizations in managing... Effectiveness of Proposed Rule Change to Offer Risk Management Tools Designed to Allow Member Organizations to... Substance of the Proposed Rule Change The Exchange proposes to offer risk management tools designed to...

  16. 77 FR 45408 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-07-31

    .... \\4\\ See Securities Exchange Act Release No. 58845 (October 24, 2008), 73 FR 64379 (October 29, 2008) (SR-NYSE-2008-46). See also Securities Exchange Act Release Nos. 60756 (October 1, 2009), 74 FR 51628... FR 62368 (November 27, 2009) (SR-NYSE-2009-113) (extending Pilot to March 30, 2010); 61724 (March...

  17. 78 FR 63547 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; Notice of Designation...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-10-24

    ... Act Release Nos. 69427 (April 23, 2013), 78 FR 25118 (SR-NYSE-2013-21) (``NYSE Notice''); 69428 (April 23, 2013), 78 FR 25102 (SR-NYSEMKT-2013-25). On April 18, 2013, the Exchanges each filed Partial...\\ See Securities Exchange Act Release No. 69736, 78 FR 36284 (June 17, 2013) (SR-NYSE-2013-21);...

  18. 77 FR 67053 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Granting Approval of Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-08

    ... Release No. 67846 (September 12, 2012), 77 FR 57625 (``Notice). II. Description of the Proposal Section.... exchange.\\4\\ \\4\\ See Securities Exchange Act Release No. 65127 (Aug. 12, 2011), 76 FR 51449, 51450 n. 13... a public offering), or carve-out (where a company carves out a business line or division, which...

  19. 77 FR 47156 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-07

    ... Act Release No. 66134 (January 11, 2012), 77 FR 2592 (January 18, 2012) (SR-NYSE-2011-68). NYSE Rule.... See Securities Exchange Act Release No. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010) (File Nos... SR-CBOE-2010-047) and Securities Exchange Act Release No. 62251 (June 10, 2010), 75 FR 34183 (June...

  20. 76 FR 20735 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-13

    ...\\ \\4\\ See Securities Exchange Act Release No. 62886 (September 10, 2010), 75 FR 56613 (September 16, 2010) (SR-NYSE-2010-47). See also Securities Exchange Act Release No. 63479 (December 9, 2010), 75 FR... Mechanism To Address Extraordinary Market Volatility, if Adopted, Applies April 7, 2011. Pursuant to...

  1. 78 FR 70987 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-11-27

    ...-location services in Securities Exchange Act Release No. 62960 (September 21, 2010), 75 FR 59310 (September...., Securities Exchange Act Release No. 65973 (December 15, 2011), 76 FR 79232 (December 21, 2011) (SR-NYSE-2011... Release No. 70206 (August 15, 2013), 78 FR 51765 (August 21, 2013) (SR-NYSE-2013-59). \\6\\ A User...

  2. 76 FR 16019 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-03-22

    ... 22, 2006), 71 FR 16353 (March 31, 2006) (SR-NYSE-2004-05). \\9\\ See Securities Exchange Act Release No. 58845 (Oct. 24, 2008), 73 FR 64379 (Oct. 29. 2008) (SR-NYSE-2008-46). 2. Statutory Basis The Exchange... Effectiveness of Proposed Rule Change Amending NYSE Rule 36 To Permit Written Communications To Be...

  3. 77 FR 36321 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-06-18

    ...-51; SR-NYSEAmex-2011-78; SR-NYSEArca-2011-72), 77 FR 3297. The Exchange explained the reasons for...-54), 70 FR 9688. Furthermore, the Exchange believes that the objectivity of Board members is... independence policy in connection with the previously proposed combination of NYSE Euronext and Deutsche B...

  4. 78 FR 73214 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-05

    ..., 2007), 72 FR 42146 (Aug. 1, 2007) (order approving the Agreement); Exchange Act Release No. 56147 (Jul. 26, 2007), 72 FR 42166 (Aug. 1, 2007) (order approving the incorporation of certain NYSE Rules as ``Common Rules''); Exchange Act Release No. 60409 (July 30, 2009), 74 FR 39353 (Aug. 6, 2009)...

  5. 75 FR 80870 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Order Granting...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-12-23

    ...\\ See, Securities Exchange Act Rel. No. 54550 (Sept. 29, 2006), 71 FR 59563 (October 10, 2006) (SR-CHX... changed. \\7\\ See, Securities Exchange Act Rel. No. 54550 (Sept. 29, 2006), 71 FR 59563 (October 10, 2006... Institutional Broker Representative (``IBR'') may receive an order instruction from a customer over...

  6. 76 FR 39147 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-05

    ... Effectiveness of Proposed Rule Change Extending the Operation of Its New Market Model Pilot Until the Earlier of... Substance of the Proposed Rule Change The Exchange proposes to extend the operation of its New Market Model... Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to extend the operation of its...

  7. 77 FR 77166 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-12-31

    ... the Rule. \\3\\ See Securities Exchange Act Release No. 63736 (Jan. 19, 2011), 76 FR 4959 (Jan. 27, 2011...), 75 FR 77024 (Dec. 10, 2011) (SR-NYSE-2010-74). The pilot program was extended and is currently...), 76 FR 79726 (December 22, 2011) (SR-NYSE-2011-63). Through this filing, the Exchange seeks to...

  8. 75 FR 77024 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-12-10

    ... Release No. 55496 (March 20, 2007), 72 FR 14631 (March 28, 2007) (SR-NYSE-2006-37). Despite these changes... Exchange Act Release No. 58877 (October 29, 2008), 73 FR 65904 (November 5, 2008) (SR-NYSE-2008-108) (establishing SLP Pilot); Securities Exchange Act Release No. 58845 (October 24, 2008), 73 FR 64379 (October...

  9. 75 FR 59315 - Self-Regulatory Organizations; The Chicago Stock Exchange, Inc.; Notice of Filing of a Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-09-27

    ... Release No. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010); Exchange Act Release No. 62883 (September 10, 2010), 75 FR 56608 (September 16, 2010). Under the proposal, the Exchange will require registered... Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose Market Maker...

  10. 78 FR 64043 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-10-25

    ... continued listing standards. \\6\\ See Securities Exchange Act Release No. 49154 (January 29, 2004), 69 FR... Change Proposing to Amend the Quantitative Continued Listing Standards Applicable to Companies Listed... Terms of Substance of the Proposed Rule Change The Exchange proposes to harmonize the...

  11. 77 FR 54939 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-09-06

    ... effect until January 31, 2013. See Securities Exchange Act Release No. 58877 (October 29, 2008), 73 FR... 25, 2012), 77 FR 45388 (July 31, 2012) (SR-NYSE-2012-27). An SLP is a member organization that... Securities Exchange Act Release No. 62791 (August 30, 2010), 75 FR 54411 (September 7, 2010)...

  12. 76 FR 18278 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-01

    .... 61595 (February 26, 2010), 75 FR 11232 (March 10, 2010) (File No. S7-08-09; Amendments to Regulation SHO...). \\6\\ See Securities Exchange Act Release No. 63977 (February 25, 2010), 76 FR 12165 (March 4, 2011... quotation is not available for automatic execution. The Exchange resumes a ``fast'' trading state,...

  13. 78 FR 27261 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; Order Granting Approval...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-05-09

    ... Securities Exchange Act Release Nos. 68747 (Jan. 28, 2013), 78 FR 7824 (SR-NYSE-2013-08); and 68746 (Jan. 28, 2013), 78 FR 7842 (SR-NYSEMKT-2013-07). \\4\\ See Letter to the Commission from Theodore R. Lazo... (SIFMA), dated March 11, 2013. \\5\\ See Securities Exchange Act Release No. 69187, 78 FR 18402 (March...

  14. 75 FR 28831 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-05-24

    ... moves 10% or more from a sale in a preceding five-minute period. The Exchange is proposing this rule... minutes must elapse between the first indication and a security's re-opening, or (ii) if more than one... Percent or More May 19, 2010. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934...

  15. 76 FR 75586 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-02

    ... organizational documents of NSX and CBSX. The text of the proposed rule change is available on the Exchange's Web...). \\6\\ See Securities Exchange Act Release No. 55389 (March 2, 2007), 72 FR 10575 (March 8, 2007) (SR... (January 25, 2007), 72 FR 4745 (February 1, 2007) (SR-CBOE- 2006-110) (the ``CBSX Notice of Filing'')....

  16. 76 FR 49520 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-10

    .... 29, 2006), 71 FR 59563 (Oct. 10, 2006) (SR-CHX-2006-05). \\4\\ Id., Section II.C. Institutional Brokers... Change To Impose Certain Requirements on Exchange-Registered Institutional Broker Firms That Operate a... and Exchange Commission (the ``Commission'') the proposed rule change as described in Items I and...

  17. 76 FR 12195 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-03-04

    ... SHO, Securities Exchange Act Release No. 61595 (Feb. 26, 2010), 75 FR 11232 (Mar. 10, 2010) (``Rule...)(47); and 17 CFR 242.600(b)(46). \\9\\ 17 CFR 242.201(b). \\10\\ Rule 201 Adopting Release, 75 FR 11232... in Securities Exchange Act Release No. 63247 (Nov. 4, 2010), 75 FR 68702 (Nov. 9, 2010). The May...

  18. 75 FR 25902 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving Proposed Rule Change...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-05-10

    ... Release No. 60534 (August 19, 2009), 74 FR 44410 (August 28, 2009) (order approving SR-FINRA-2009- 036) (``Release No. 34-60534''). \\5\\ See Securities Exchange Act Release No. 61743 (March 19, 2010), 75 FR 14650... effective December 15, 2008.\\7\\ \\7\\ See Securities Exchange Act Release Nos. 56148 (July 26, 2007), 72...

  19. 75 FR 16535 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Order Granting...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-04-01

    ... device. \\3\\ See Securities Exchange Act Release No. 59544 (March 9, 2009), 74 FR 11162 (March 16, 2009..., 2008), 73 FR 74770 (December 9, 2008) (SR-NYSEArca-2006-21) (``NYSE Arca Order''). In the NYSE Arca... Order into this order. \\13\\ See Securities Exchange Act Release No. 59544 (March 9, 2009), 74 FR...

  20. 78 FR 20973 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-04-08

    ... Trades \\6\\ are as follows: \\4\\ See Securities Exchange Act Release Nos. 59544 (Mar. 9, 2009), 74 FR 11162 (Mar. 16, 2009) (SR-NYSE-2008-131) and 62038 (May 5, 2010), 75 FR 26825 (May 12, 2010) (SR-NYSE-2010-22). \\5\\ See Securities Exchange Act Release No. 62181 (May 26, 2010), 75 FR 31488 (June 3, 2010)...

  1. 75 FR 16537 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-04-01

    ... the Commission's Public Reference Room. \\3\\ See Release No. 34-59544 (March 9, 2009); 74 FR 11162... Change To Make Permanent a Unit-of- Count Metric Alternative for NYSE OpenBook March 25, 2010. Pursuant... are required to report to the Exchange and on which the Exchange bases its fees for its NYSE...

  2. 75 FR 80088 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-12-21

    ... (January 22, 2009), 74 FR 5014 (January 28, 2009) (order approving SR-NYSE-2008- 120) (``Approval Order... Exchange and BIDS. \\6\\ See Approval Order, 74 FR at 5018. In discussing the pilot basis of the exception to... Exchange Act Release No. 61409 (January 22, 2010), 75 FR 4889 (January 29, 2010) (File No....

  3. 76 FR 70795 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice and Order Granting Accelerated...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-11-15

    ...), 76 FR 49513 (``Notice''). \\4\\ See Securities Exchange Act Release No. 65368 (September 21, 2011), 76 FR 59756 (September 27, 2011). \\5\\ See Letter to Elizabeth M. Murphy, Secretary, Commission, from... Securities Exchange Act Release No. 64633 (June 8, 2011), 76 FR 34781 (June 14, 2011)...

  4. 78 FR 57431 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-09-18

    ... Exchange Act Release No. 55884 (June 8, 2007), 72 FR 32926 (June 14, 2007) (Order Exempting Certain Error... Exchange Act Release No. 55884 (June 8, 2007), 72 FR 32926 (June 14, 2007). As discussed below, the... is an executing broker Participant. However, assume that Broker B commits a good faith input error...

  5. 75 FR 28845 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing of a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-05-24

    ... trading pauses issued by primary listing markets in ``Circuit Breaker Securities,'' as defined in proposed... Exchange is the primary listing market) that experience rapid price movement, as set forth below (``Circuit Breaker Securities''). Consistent with the other markets, the Exchange is proposing that this rule...

  6. 77 FR 68188 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-15

    ... Exchange Act Release No. 34363 (July 13, 1994), 59 FR 36808 (July 19, 1994) (``Rule 95(c) Adopting Release... Change Deleting NYSE Rules 95(c) and (d) and Related Supplementary Material November 8, 2012. Pursuant to...'') filed with the Securities and Exchange Commission (the ``Commission'') the proposed rule change...

  7. 77 FR 41868 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-07-16

    ... FINRA Rule 3230.\\4\\ \\4\\ See Securities Exchange Act Release No. 66279 (January 30, 2012), 77 FR 5611... (July 26, 2007), 72 FR 42146 (August 1, 2007) (order approving the Agreement); Securities Exchange Act 56147 (July 26, 2007), 72 FR 42166 (August 1, 2007) (SR-NASD-2007-054) (order approving...

  8. 75 FR 69491 - Self-Regulatory Organizations; Order Approving Proposed Rule Change by New York Stock Exchange...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-11-12

    ...). \\2\\ 17 CFR 240.19b-4. \\3\\ See Securities Exchange Act Release No. 62955 (September 20, 2010), 75 FR... operation of the NYBX. \\4\\ See Securities Exchange Act Release No. 59282 (January 22, 2009), 74 FR 5009... (``Act'') \\1\\ and Rule 19b-4 thereunder,\\2\\ to change the execution of algorithm of the New York...

  9. 77 FR 42788 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-07-20

    ... trade date (``T+1'').\\6\\ \\5\\ See Securities Exchange Act Release No. 59997 (May 28, 2009), 74 FR 28086... FR 41560 (July 16, 2010) (SR-NYSE-2010-48 and SR-NYSEAmex- 2010-61). Proposed Amendment of NYSE Rule... Effectiveness of Proposed Rule Change Amending Exchange Rule 134 To Shorten the Time Frame for Assigning...

  10. 78 FR 3064 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-15

    ..., 2005.\\4\\ \\3\\ See Securities Exchange Act Release No. 31388 (October 30, 1992), 57 FR 53366 (November 9... governed by NYSE Rule 200. \\4\\ See Securities Exchange Act Release No. 51190 (February 11, 2005), 70 FR... Signature Program From $1,000 per Year to $1,300 per Year January 9, 2013. Pursuant to Section 19(b)(1)...

  11. 76 FR 61450 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-10-04

    ... Rule 11.20. \\4\\ NSX Rule 11.19. \\5\\ See Securities Exchange Act Release No. 64547 (May 25, 2011), 76 FR...\\ See Securities Exchange Act Release No. 64735 (June 23, 2011), 76 FR 38243 (June 29, 2011) (SR-BATS... Release 65094 (August 10, 2011), 76 FR 50779 (August 16, 2011) (SR-NASDAQ-2011- 011). \\13\\ See...

  12. 76 FR 39946 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-07

    ... Securities Exchange Act Release No. 62970 (Sept. 22, 2010), 75 FR 59771 (Sept. 28, 2010) (order approving SR-FINRA-2010- 37). \\5\\ See Securities Exchange Act Release Nos. 56148 (July 26, 2007), 72 FR 42146 (August 1, 2007) (order approving the Agreement); 56147 (July 26, 2007), 72 FR 42166 (August 1, 2007)...

  13. 76 FR 64154 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-10-17

    ... federal securities laws. \\7\\ See Securities Exchange Act Release No. 63311 (November 12, 2010), 75 FR.... 53128 (Jan. 13, 2006), 71 FR 3550 (Jan. 23, 2006) (File No. 10-131). \\14\\ See Securities Exchange Act Release No. 64717 (June 21, 2011), 76 FR 37384 (June 27, 2011) (SR-FINRA-2011-029). \\15\\ NYSE Rule...

  14. 76 FR 79260 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-21

    ... Release No. 60835 (Oct. 16, 2009), 74 FR 54616 (Oct. 22, 2009) (SR-FINRA-2009-055). The Exchange's... Effectiveness of a Proposed Rule Change Adopting the Text of Financial Industry Regulatory Authority Rule 5210... Rule Change The Exchange proposes to adopt the text of Financial Industry Regulatory Authority...

  15. 76 FR 53015 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-24

    ... Exchange Act Release No. 63895 (February 11, 2011), 76 FR 9386 (February 17, 2011) (SR-FINRA-2009-090). The...\\ See Securities Exchange Act Release Nos. 56968 (Dec. 14, 2007), 72 FR 72432 (Dec. 20, 2007) (SR-NYSE-2007-114); 57682 (Apr. 17, 2008), 73 FR 22193 (Apr. 24, 2008) (SR-NYSE-2008-29); 59621 (Mar. 23,...

  16. 76 FR 62122 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-10-06

    ...''). See also Notice, 76 FR at 53513, n.5 and accompanying text. \\7\\ See Notice. III. Discussion and... accompanying text. \\12\\ See Notice, 76 FR at 53514. First, the Exchange will maintain an agreement pursuant to... Commission Rules; \\13\\ \\13\\ See Notice, 76 FR at 53514, n.8 and accompanying text. The Exchange proposed...

  17. 77 FR 71658 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-12-03

    ... 5, 2006), 71 FR 60208 (October 12, 2006) (SR-NYSE-2006-36). \\7\\ See Securities Exchange Act Release No. 61072 (November 30, 2009), 74 FR 64103 (December 7, 2009) (SR-NYSE-2009-106). As set forth in... Exchange Act Release Nos. 67584 (Aug. 2, 2012), 77 FR 47472 (Aug. 8, 2012) (SR-NASDAQ-2012-066)...

  18. 78 FR 70386 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-11-25

    ... significance.\\5\\ \\4\\ See Securities Exchange Release No. 34-70428 (Sept. 17, 2013), 78 FR 184 (Sept. 28, 2013... Securities Exchange Release No. 10787 (May 10, 1974), 39 FR 17799. The CTA Plan, pursuant to which markets... Effectiveness of Proposed Rule Change Revising Rule 61(a)(iii) To Harmonize the Existing Rule Text With...

  19. 77 FR 56902 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-09-14

    .... 67759 (Aug. 30, 2012) 77 FR 54939 (Sep. 6, 2012) (SR-NYSE-2012-38). The Exchange proposes this rule... Effectiveness of Proposed Rule Change To Delete Non-Operable Text Within Its Price List Applicable to... The Exchange proposes to delete non-operable text within its Price List applicable to...

  20. 76 FR 53513 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-26

    .... 64896 (July 15, 2011), 76 FR 43740 (July 21, 2011) (SR-BX-2011-045). Currently, Arca Securities is an...)(2); see also Securities Exchange Act Release No. 64729 (June 23, 2011) 76 FR 38232, 38233 nn. 4-9...\\ See Securities Exchange Act Release No. 64013 (March 2, 2011), 76 FR 12774 (March 8, 2011)...

  1. 78 FR 40260 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-07-03

    ... FR 29165. \\4\\ See Letter to Elizabeth M. Murphy, Secretary, Commission, from Shinichi Yuhara, dated... the Exchange's Web Site; and (ii) Adopt as New Rules Certain Provisions That Are Currently Included in... updated listing application materials that will be posted on the Exchange's Web site; and (ii) adopt...

  2. 78 FR 15394 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving Proposed Rule Change...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-11

    ....19b-4. \\3\\ Securities Exchange Act Release No. 68678 (January 16, 2013), 78 FR 5213 (January 24, 2013...), 72 FR 42146 (August 1, 2007) (File No. 4-544) (Notice of Filing and Order Approving and Declaring... Securities Exchange Act Release No. 62355 (June 22, 2010), 75 FR 36729 (June 28, 2010)...

  3. 75 FR 1107 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-01-08

    ...\\ See Securities Exchange Act Release No. 59755 (April 13, 2009), 74 FR 18009 (April 20, 2009) (SR-NYSE... Amex LLC. See SR-NYSEAmex-2009-96. Background Pursuant to NYSE Rule 123C(8)(a)(1), the Exchange may... (October 9, 2009), 74 FR 53532 (October 19, 2009) (SR-NYSE-2009-104) (extending the operation of the...

  4. 77 FR 70862 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-27

    ... are traded. \\5\\ See Securities Exchange Act Release No. 68137 (Nov. 1, 2012), 77 FR 66893 (Nov. 7... was filed.\\8\\ \\6\\ See Securities Exchange Act Release No. 68161 (Nov. 5, 2012), 77 FR 67704 (Nov. 12... Following the Aftermath of Hurricane Sandy Until the Earlier of When Phone Service is Fully Restored...

  5. 77 FR 75683 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-12-21

    ..., 2012), 77 FR 66893 (Nov. 7, 2012) (SR-NYSE-2012-58). On November 5, 2012, although power had been... and Internet issues. \\6\\ See Securities Exchange Act Release No. 68161 (Nov. 5, 2012), 77 FR 67704... of the temporary suspension). \\8\\ See Securities Exchange Act Release No. 68211 (Nov. 9, 2012), 77...

  6. 76 FR 25727 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-05-05

    ... Exchange Act Release No. 54550 (September 29, 2006), 71 FR 59563 (October 10, 2006) (approving CHX's... instituted by the CHX under Article 12, Rule 1.\\15\\ The Exchange believes that the proposed change will help...-mail is used. To help the Commission process and review your comments more efficiently, please use...

  7. 78 FR 26818 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-05-08

    .... 69102 (Mar. 11, 2013), 78 FR 16561 (Mar. 15, 2013) (SR-NYSE-2013-17). The Exchange proposes to make STP... (``STP'') modifiers. The text of the proposed rule change is available on the Exchange's Web site at www... availability of STP modifiers functionality to additional order types.\\4\\ STP modifiers are designed to...

  8. 17 CFR 240.16a-9 - Stock splits, stock dividends, and pro rata rights.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... 17 Commodity and Securities Exchanges 3 2012-04-01 2012-04-01 false Stock splits, stock dividends, and pro rata rights. 240.16a-9 Section 240.16a-9 Commodity and Securities Exchanges SECURITIES AND EXCHANGE COMMISSION (CONTINUED) GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934 Rules and Regulations Under the Securities Exchange...

  9. 78 FR 36284 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-06-17

    ... Economics and Yuval Millo, Professor of Social Studies of Finance, University of Leicester, dated May 20...\\ 17 CFR 240.19b-4. \\3\\ See Securities Exchange Act Release No. 69427 (April 23, 2013), 78 FR 25118....

  10. 78 FR 62915 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-10-22

    ... first time that the Exchange has received a membership application presenting this ownership structure... or policies of a person whether through ownership of securities, by contract or otherwise. A...

  11. 75 FR 11604 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving Proposed Rule Change...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-03-11

    ... Securities Exchange Act Release No. 61424 (January 26, 2010), 75 FR 5367. II. Description of the Proposal... Counsel--U.S. Equities, NYSE Euronext LLC, to David Liu, Assistant Director, and Leigh W. Duffy,...

  12. 78 FR 9094 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing of a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-07

    ...\\ See Securities Exchange Act Release No. 54391 (August 31, 2006), 71 FR 52836 (September 7, 2006) (SR... ] resting in the NSX Book in price/time priority. Example One: National Best Bid and Offer (``NBBO''):...

  13. 76 FR 20767 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-13

    ..., applies. \\4\\ See Securities Exchange Act Release No. 63500 (December 9, 2010), 75 FR 78309 (December 15..., 2010), 75 FR 34186 (June 16, 2010) (File Nos. SR-BATS-2010-014; SR-EDGA-2010-01; SR-EDGX- 2010-01; SR.... 62251 (June 10, 2010), 75 FR 34183 (June 16, 2010) (SR-FINRA-2010-025). See also Securities Exchange...

  14. 76 FR 61457 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-10-04

    ... Securities Exchange Act Release No. 64547 (May 25, 2011), 76 FR 31647 (June 1, 2011). The Joint CFTC-SEC..., 1998), 63 FR 18477 (April 15, 1998) (SR-NYSE-98-06, SR-Amex-98-09, SR-BSE-98-06, SR-CHX-98-08, SR-NASD...\\ See Securities Exchange Act Release No. 64735 (June 23, 2011), 76 FR 38243 (June 29, 2011)...

  15. Time-varying volatility in Malaysian stock exchange: An empirical study using multiple-volatility-shift fractionally integrated model

    NASA Astrophysics Data System (ADS)

    Cheong, Chin Wen

    2008-02-01

    This article investigated the influences of structural breaks on the fractionally integrated time-varying volatility model in the Malaysian stock markets which included the Kuala Lumpur composite index and four major sectoral indices. A fractionally integrated time-varying volatility model combined with sudden changes is developed to study the possibility of structural change in the empirical data sets. Our empirical results showed substantial reduction in fractional differencing parameters after the inclusion of structural change during the Asian financial and currency crises. Moreover, the fractionally integrated model with sudden change in volatility performed better in the estimation and specification evaluations.

  16. 26 CFR 1.1032-1 - Disposition by a corporation of its own capital stock.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... exchange for shares of its own stock (including treasury stock). See paragraph (e) of § 1.311-1, relating... of its own stock in exchange for shares of its own stock (including treasury stock) the transaction... stock. 1.1032-1 Section 1.1032-1 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE...

  17. 26 CFR 1.1032-1 - Disposition by a corporation of its own capital stock.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... exchange for shares of its own stock (including treasury stock). See paragraph (e) of § 1.311-1, relating... of its own stock in exchange for shares of its own stock (including treasury stock) the transaction... stock. 1.1032-1 Section 1.1032-1 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE...

  18. 26 CFR 1.1032-1 - Disposition by a corporation of its own capital stock.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... exchange for shares of its own stock (including treasury stock). See paragraph (e) of § 1.311-1, relating... of its own stock in exchange for shares of its own stock (including treasury stock) the transaction... stock. 1.1032-1 Section 1.1032-1 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE...

  19. 26 CFR 1.1032-1 - Disposition by a corporation of its own capital stock.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... exchange for shares of its own stock (including treasury stock). See paragraph (e) of § 1.311-1, relating... of its own stock in exchange for shares of its own stock (including treasury stock) the transaction... stock. 1.1032-1 Section 1.1032-1 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE...

  20. 26 CFR 1.1032-1 - Disposition by a corporation of its own capital stock.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... exchange for shares of its own stock (including treasury stock). See paragraph (e) of § 1.311-1, relating... of its own stock in exchange for shares of its own stock (including treasury stock) the transaction... stock. 1.1032-1 Section 1.1032-1 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE...

  1. 78 FR 18377 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Designation of a Longer...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-26

    ...). \\2\\ 17 CFR 240.19b-4. \\3\\ See Securities Exchange Act Release No. 68807 (February 1, 2013), 78 FR... Period for Commission Action on Proposed Rule Change To Adopt a New Order Type Called the ``Auto-Ex Only... new order type called the ``Auto-Ex Only'' Order. The proposed rule change was published for...

  2. 78 FR 54704 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-09-05

    ... Securities Exchange Act Release No. 62960 (September 21, 2010), 75 FR 59310 (September 27, 2010) (SR-NYSE.... 65973 (December 15, 2011), 76 FR 79232 (December 21, 2011) (SR-NYSE-2011-53). \\6\\ See Securities...,'' SFTI and optic connections would be at 10 Gb and only the LCN connections would be at 40 Gb, because...

  3. 75 FR 79435 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-12-20

    ...\\ \\4\\ See Securities Exchange Act Release Nos. 59755 (April 13, 2009), 74 FR 18009 (April 20, 2009) (SR-NYSE-2009-18) (order granting approval of the Pilot); 60809 (October 9, 2009), 74 FR 53532 (October 19... 31, 2009), 75 FR 1107 (January 8, 2010) (SR-NYSE-2009-131) (extending the operation of the Pilot...

  4. 78 FR 30378 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-05-22

    ... NYSE Regulation.\\5\\ \\4\\ See Securities Act Release No. 67564 (August 1, 2012), 77 FR 47161 (August 7... (April 1, 2009), 74 FR 15799-01 (April 7, 2009 (SR-NYSE-2009-12). \\9\\ See Securities Exchange Act Release No. 58673 (September 29, 2008), 73 FR 57707, at 57711-12 (October 3, 2008)...

  5. 78 FR 40252 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-07-03

    ... Securities Exchange Act Release No. 69590 (May 16, 2013), 78 FR 30378 (``Notice''). II. Description of the.... 67564 (August 1, 2012), 77 FR 47161 (August 7, 2012) (SR-NYSE-2012-17) (approving a new director... Officer of NYSE Regulation. \\6\\ See Notice, 78 FR at 30379. The NYSE Regulation Bylaws provide that...

  6. 78 FR 25327 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-04-30

    ... Securities Exchange Act Release Nos. 56148 (July 26, 2007), 72 FR 42146 (August 1, 2007) (order approving the Agreement); 56147 (July 26, 2007), 72 FR 42166 (August 1, 2007) (SR-NASD-2007- 054) (order approving the incorporation of certain NYSE Rules as ``Common Rules''); and 60409 (July 30, 2009), 74 FR 39353 (August 6,...

  7. 75 FR 22671 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-04-29

    ... Effectiveness of Proposed Rule Change To Amend Its Immediate Release Policy To Remove the Address Contact... Manual (the ``Manual'') to remove the contact information provided in that rule for national news wire... Press International. As a convenience, the Exchange has included in Section 202.06(c) \\5\\...

  8. 77 FR 40673 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE Amex LLC; Order Granting...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-07-10

    ... Release Nos. 65671 (November 2, 2011), 76 FR 69774 (SR-NYSE Amex-2011-84); and 65672 (November 2, 2011), 76 FR 69788 (SR-NYSE-2011-55). On May 14, 2012, NYSE Amex filed a proposed rule change, immediately... November 30, 2011 (``Jennewein Letter''). \\6\\ See Securities Exchange Act Release No. 66003, 76 FR...

  9. 76 FR 80445 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE Amex LLC; Notice of Designation...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-23

    ... Exchange Act Release Nos. 65671 (November 2, 2011), 76 FR 69774; 65672 (November 2, 2011), 76 FR 69788. \\4... Mountain Capital Management LLC, dated November 29, 2011; Wayne Koch, Trader, Bright Trading, dated..., CFA Institute, dated November 30, 2011; David Green, Bright Trading, dated November 30, 2011;...

  10. 77 FR 22032 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Granting Approval of a Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-04-12

    ... depth, or disparity between supply and demand exists or is reasonably to be anticipated.\\7\\ \\7\\ NYSE....19b-4. \\3\\ See Securities Exchange Act Release No. 66421 (February 17, 2012), 77 FR 11181 (``Notice... (September 15, 2008), 73 FR 54444 (September 19, 2008) (SR-NYSE-2008-80). See also NYSE Rule 476, which...

  11. 78 FR 51781 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-21

    ..., 2010), 75 FR 31488 (June 3, 2010) (SR-NYSE-2010-30). \\7\\ Id. The cap is referenced in this filing.... 59309 (Jan. 28, 2009), 74 FR 6073 (Feb. 4, 2009) (SR-NYSE-2009-04). When NYSE Trades was initially.... 4, 2013), 78 FR 21464 (Apr. 10, 2013) (SR-NYSE-2013-24). ] The Exchange also charges an access...

  12. 78 FR 47807 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; Order Granting an...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-06

    ... Release No. 67037 (May 21, 2012), 77 FR 31415 (May 25, 2012) (SR-NYSEAmex-2012-32). \\3\\ See Securities Exchange Act Release No. 67347, 77 FR 40673 (July 10, 2012) (SR-NYSE-2011-55; SR-NYSEAmex-2011-84) (``Order...\\ See Order, supra note 3, 77 FR at 40681. Therefore, it is hereby ordered that, pursuant to Rule...

  13. 76 FR 24943 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-05-03

    ... consistent with Rule 201.\\6\\ \\5\\ See Securities Exchange Act Release No. 61595 (February 26, 2010), 75 FR... Act Release No. 63977 (February 25, 2011), 76 FR 12165 (March 4, 2011) (SR-NYSE-2011-05). Under Rule.... The Commission will post all comments on the Commission's Internet Web site (...

  14. 77 FR 29730 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE Amex LLC; Notice of Designation...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-05-18

    ... (November 10, 2011), 76 FR 71405 (SR-NYSEAmex-2011-86) and 65736 (November 10, 2011), 76 FR 71399 (SR-NYSE-2011-56). \\5\\ See Securities Exchange Act Release No. 66036, 76 FR 82011 (December 29, 2011). On... Act Release No. 66397, 77 FR 10586 (February 22, 2012) (``Order Instituting Proceedings''). \\7\\...

  15. 77 FR 45388 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-07-31

    ... No. 58877 (October 29, 2008), 73 FR 65904 (November 5, 2008) (SR-NYSE-2008-108) (establishing the SLP Pilot). See also Securities Exchange Act Release Nos. 59869 (May 6, 2009), 74 FR 22796 (May 14, 2009..., 2009), 74 FR 51628 (October 7, 2009) (SR-NYSE-2009-100) (extending the operation of the NMM and the...

  16. 77 FR 63914 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-10-17

    ... Nos. 33-9330; 34-67220 (June 20, 2012); 77 FR 38422 (June 27, 2012) (``Adopting Release''). The... Securities Exchange Act Release No. 51691 (May 12, 2005), 70 FR 28973 (May 19, 2005) (SR-CSE-2003-06...; (iii) closed-end and open-end funds registered under the 1940 Act; (iv) passive business...

  17. 76 FR 77040 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-09

    ...), 73 FR 64379 (October 29, 2008) (SR-NYSE-2008-46). See also Securities Exchange Act Release Nos. 60756 (October 1, 2009), 74 FR 51628 (October 7, 2009) (SR-NYSE-2009-100) (extending Pilot to November 30, 2009); 61031 (November 19, 2009), 74 FR 62368 (November 27, 2009) (SR-NYSE-2009-113) (extending Pilot to...

  18. 76 FR 46860 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-03

    ...\\ See Securities Exchange Act Release No. 58549 (September 15, 2008), 73 FR 54444 (September 19, 2008... following methods: Electronic Comments Use the Commission's Internet comment form ( http://www.sec.gov/rules... one method. The Commission will post all comments on the Commission's Internet Web site (...

  19. 77 FR 65040 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-10-24

    ... Authority of the Exchange or Archipelago Securities LLC To Cancel Orders When a Technical or Systems Issue... Archipelago Securities LLC (``Arca Securities'') to cancel orders when a technical or systems issue occurs and...-regulatory organization included statements concerning the purpose of, and basis for, the proposed...

  20. 78 FR 51758 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; NYSE Arca, Inc.; Order...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-21

    ....19b-4. \\4\\ See Securities Exchange Act Release Nos. 69851 (June 25, 2013), 78 FR 39407 (July 1, 2013) (SR-NYSE-2013-42) (``Notice''); 69849 (June 25, 2013), 78 FR 39369 (July 1, 2013)(SR-NYSEMKT-2013- 50) (``NYSEMKT Notice''); 69850 (June 25, 2013), 78 FR 39352 (July 1, 2013) (SR-NYSEArca-2013-62) (``NYSE...

  1. 75 FR 32978 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-10

    ...\\ See Securities Exchange Act Release No. 61537 (February 18, 2010), 75 FR 8772. (February 25, 2010... Release Nos. 56148 (July 26, 2007), 72 FR 42146 (August 1, 2007) (order approving the Agreement); 56147 (July 26, 2007), 72 FR 42166 (August 1, 2007) (SR-NASD-2007- 054) (order approving the incorporation...

  2. 75 FR 59310 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-09-27

    ... Exchange Act Release No. 62732 (Aug 16, 2010), 75 FR 51512 (``Notice''). In its proposal, NYSE proposed to... Amending Its Price List To Reflect Fees Charged for Co-Location Services September 21, 2010. On August 3...\\ and Rule 19b-4 thereunder, \\2\\ a proposed rule change to amend its Price List to reflect fees...

  3. 78 FR 335 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-03

    ... Securities Exchange Act Release No. 68137 (November 1, 2012), 77 FR 66893 (November 7, 2012) (SR-NYSE-2012... Act Release No. 68161 (November 5, 2012), 77 FR 67704 (November 13, 2012) (SR-NYSE-2012-61) and File... Effectiveness of Proposed Rule Change Amending the Price List To Waive Certain Fees for Floor Brokers...

  4. 78 FR 8677 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-06

    ... 31, 2012), 77 FR 33498 (June 6, 2012) (the ``Limit Up-Limit Down Release''). II. Self-Regulatory..., 2010), 75 FR 56613 (September 16, 2010) (SR-NYSE-2010-47). See also Securities Exchange Act Release Nos. 63479 (December 9, 2010), 75 FR 78274 (December 15, 2010) (SR-NYSE-2010-80); 64232 (April 7, 2011),...

  5. 77 FR 56895 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-09-14

    ... away markets. \\6\\ See Securities Exchange Act Release No. 63642 (January 4, 2011), 76 FR 1653 (January... Certain Transaction Fees To Eliminate the Step-Up Rate for Non-Floor Broker Transactions September 10... transaction fees within its Price List to eliminate the step-up rate for non-Floor broker transactions....

  6. 76 FR 21932 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-19

    ... Effectiveness of Proposed Rule Change To Alter Listing Fees Applicable to Debt Securities and Structured... securities and ] structured products. The text of the proposed rule change is available at the Exchange's... Section 902.08 of the Manual to alter its listing fees applicable to debt securities and...

  7. 76 FR 12165 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-03-04

    ... Release, 75 FR 11232. The Rule 201 compliance date, originally set for November 10, 2010, was extended to February 28, 2011 in Securities Exchange Act Release No. 63247 (Nov. 4, 2010), 75 FR 68702 (Nov. 9, 2010... (Feb. 26, 2010), 75 FR 11232 (Mar. 10, 2010) (``Rule 201 Adopting Release''). In the Rule 201...

  8. 76 FR 12161 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-03-04

    ... Adopting Release, 75 FR 11232. The Rule 201 compliance date, originally set for November 10, 2010, was extended to February 28, 2011 in Securities Exchange Act Release No. 63247 (Nov. 4, 2010), 75 FR 68702 (Nov... Release No. 61595 (Feb. 26, 2010), 75 FR 11232 (Mar. 10, 2010) (``Rule 201 Adopting Release''). In...

  9. 75 FR 45185 - Self-Regulatory Organizations; New York Stock Exchange LLC and NYSE Amex LLC; Order Approving...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-08-02

    ...; however, ``Setting Interest'' at a particular price point is entitled to priority. For a detailed... aggregate all interest at each price point, including odd-lot interest and the odd-lot portion of PRL... than a round lot when the price point becomes the respective Exchange best bid or best...

  10. 78 FR 43947 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-07-22

    ... Release No. 68021 (Oct. 9, 2012), 77 FR 63406, 63407 n.9 (Oct. 16, 2012) (SR-NYSE-2012-50). Trading... Effectiveness of Proposed Rule Change Amending Its Price List To Revise the Credits for Certain Designated... of the Proposed Rule Change The Exchange proposes to amend its Price List to revise the credits...

  11. 75 FR 40004 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-07-13

    ... No. 57176 (January 18, 2008), 73 FR 4929 (January 28, 2008) (SR-NYSE-2008-04). \\4\\ See Securities Exchange Act Release Nos. 57823 (May 15, 2008), 73 FR 29804 (May 22, 2008) (SR-NYSE-2008-38), 59178 (December 30, 2008), 74 FR 748 (January 7, 2009) (SR-NYSE-2008-137) and 61201 (December 18, 2009), 74...

  12. 78 FR 38753 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-06-27

    ... Effectiveness of Proposed Rule Change Extending the Operation of Its New Market Model Pilot, Until the Earlier... the operation of its New Market Model Pilot, currently scheduled to expire on July 31, 2013, until the..., the Proposed Rule Change 1. Purpose The Exchange proposes to extend the operation of its New...

  13. 75 FR 81701 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-12-28

    ... (January 18, 2008), 73 FR 4929 (January 28, 2008) (SR-NYSE-2008-04). \\4\\ See Securities Exchange Act Release Nos. 57823 (May 15, 2008), 73 FR 29804 (May 22, 2008) (SR-NYSE-2008-38), 59178 (December 30, 2008), 74 FR 748 (January 7, 2009) (SR-NYSE-2008-137), 61201 (December 18, 2009), 74 FR 68651 (December...

  14. 75 FR 59316 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing of a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-09-27

    ... Release Nos. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010), and 62884 (September 10, 2010). Under the... Maker Quote Obligations: The Exchange proposes to adopt rules to enhance minimum quotation requirements... the National Best Bid and National Best Offer as appropriate. These enhanced market maker...

  15. 78 FR 75952 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Granting Approval to Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-13

    ....19b-4. \\3\\ See Securities Exchange Act Release No. 70728 (October 25, 2013), 78 FR 64043. II... Rule Change to Amend the Quantitative Continued Listing Standards Applicable to Companies Listed Under... (``Act'') \\1\\ and Rule 19b-4 thereunder,\\2\\ a proposed rule change to amend the quantitative...

  16. 77 FR 47891 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-10

    ... Effectiveness of Proposed Rule Change Reducing From 10 Days to Five Days the Shareholder Notification Period That Is a Condition to a Waiver of the NYSE's Shareholder Approval Requirements Pursuant to Section 312... Proposed Rule Change The Exchange proposes to reduce from 10 days to five days the shareholder...

  17. 77 FR 56693 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-09-13

    ... LLC.\\3\\ \\3\\ See Securities Exchange Act Release No. 67037 (May 21, 2012), 77 FR 31415 (May 25, 2012... practices, to promote just and equitable principles of trade, to foster cooperation and coordination with... consistent with the Act. Comments may be submitted by any of the following methods: Electronic Comments...

  18. 75 FR 45188 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-08-02

    ... 30, 2009), 74 FR 64109 (December 7, 2009) (order approving SR-FINRA- 2009-067). II. Self-Regulatory... Exchange Act Release Nos. 56148 (July 26, 2007), 72 FR 42146 (August 1, 2007) (order approving the Agreement); 56147 (July 26, 2007), 72 FR 42166 (August 1, 2007) (SR-NASD-2007- 054) (order approving...

  19. 78 FR 62825 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-10-22

    ... Would Not Permit Floor Brokers To Use Personal Portable Phone Devices on The Trading Floor Due to the Unavailability of Exchange- Provided Cell Phones Beginning on October 10, 2013 Until the Earlier of When Cell Phone Service Is Restored or October 11, 2013 October 16, 2013. Pursuant to Section 19(b)(1) \\1\\ of...

  20. 75 FR 22169 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving Proposed Rule Change...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-04-27

    ...). \\2\\ 17 CFR 240.19b-4. \\3\\ See Securities Exchange Act Release No. 61694 (March 11, 2010), 75 FR 13170... To Amend the Bylaws of NYSE Euronext To Adopt a Majority Voting Standard in Uncontested Elections of.... NYSE proposed to amend the Corporation's By-Laws to add an explicit majority voting provision...

  1. 75 FR 48397 - Self-Regulatory Organizations; The Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-08-10

    ... Release No. 61322 (Jan. 11, 2010), 75 FR 2914 (Jan. 19, 2010) (SR-CHX-2010-01). According to this proposal... Trade Executions of Single-Sided Orders in Securities Priced Over One Dollar August 4, 2010. Pursuant to... securities priced over one dollar that occur within the Exchange's Matching System. The text of this...

  2. 78 FR 11928 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; Order Instituting...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-20

    ... CFR 240.19b-4. \\3\\ See Securities Exchange Act Release No. 68185 (November 8, 2012), 77 FR 68188 (November 15, 2012) (SR-NYSE-2012-57) (``NYSE Notice''); Release No. 68186 (November 8, 2012), 77 FR 68191... Act Release No. 68522 (December 21, 2012), 77 FR 77160 (December 31, 2012) (SR-NYSE-2012-57);...

  3. 77 FR 19396 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-03-30

    ... Reference Room. \\4\\ See Securities Exchange Act Release No. 65562 (October 14, 2011), 76 FR 65288 (October... FR 3297 (January 23, 2012) (File Nos. SR-EDGA-2011-34; SR- EDGX-2011-33; SR-ISE-2011-69; SR-NYSE-2011... Effectiveness of Proposed Rule Change Clarifying That Rule Change in Connection With Proposed...

  4. 78 FR 3958 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Granting Approval to Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-17

    ...\\ See Securities Exchange Act Release No. 68276 (November 20, 2012), 77 FR 70868 (November 27, 2012... rumor which calls for immediate release is made shortly before the opening or during market hours... telephone alert procedures in Section 202.06(B) require that, when the announcement of news of a...

  5. 75 FR 31496 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-03

    ... employees of member organizations may not use personal portable or wireless communication devices on the... Effectiveness of Proposed Rule Change To Add Certain Violations of Its Communications and Give-Up Policies to... NYSE Rule 476A to add Rule 36 (Communications Between Exchange and Members' Offices) to its List...

  6. 76 FR 59756 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-27

    ... Securities Exchange Act Release No. 65034 (August 4, 2011), 76 FR 49513. \\4\\ See Letter from James Davidson... After Consummation of a ``Reverse Merger'' With a Shell Company September 21, 2011. On July 22, 2011... companies applying to list after consummation of a ``reverse merger'' with a shell company. The...

  7. 78 FR 79534 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; Order Approving...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-30

    ... Exchange Act Release Nos. 69427 (Apr. 23, 2013), 78 FR 25118 (SR-NYSE-2013-21) (``NYSE Notice'') and 69428 (Apr. 23, 2013), 78 FR 25102 (SR-NYSEMKT-2013-25) (``NYSE MKT Notice'') (collectively ``Notices''). On... Act Release Nos. 69736, 78 FR 36284 (June 17, 2013) (SR-NYSE-2013-21); and 69733, 78 FR 36284 (June...

  8. 75 FR 54411 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-09-07

    ...), 73 FR 65904 (November 5, 2008) (SR-NYSE-2008-108) (establishing pilot program for market participants.... The Exchange believes that these trading days, i.e., the day after Thanksgiving, should not be... or NBO (e.g., the ``inside'') averaging at least 5% of the trading day for each assigned...

  9. 77 FR 70195 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-23

    ... 2014, the Exchange has announced an early scheduled close of 1:00 p.m. for the day after Thanksgiving... next early scheduled close, November 23, 2012, which is the day after Thanksgiving, thereby providing... business on every business day for a 9:30 a.m. to 4:00 p.m. trading session. Each year, the...

  10. 78 FR 19340 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-29

    ... (January 22, 2009), 74 FR 5014 (January 28, 2009) (SR-NYSE-2008-120) (the ``Approval Order''). The.... 58970 (November 17, 2008), 73 FR 71062 (November 24, 2008) (SR-NYSE-2008-120) (the ``Notice'') at 71062....\\12\\ \\12\\ See Securities Exchange Act Release Nos. 61409 (January 22, 2010), 75 FR 4889 (January...

  11. 78 FR 4524 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-22

    ... Act Release No. 59281 (January 22, 2009), 74 FR 5014 (January 28, 2009) (SR-NYSE-2008-120) (the...\\ See Securities Exchange Act Release Nos. 61409 (January 22, 2010), 75 FR 4889 (January 29, 2010) (SR-NYSE-2010-04); 63545 (December 14, 2010), 75 FR 80088 (December 21, 2010) (SR-NYSE-2010- 82); and...

  12. 77 FR 12629 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE Amex LLC; Notice of Filing of...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-03-01

    ... Release Nos. 65671 (November 2, 2011), 76 FR 69774 (SR-NYSEAmex-2011-84); 65672 (November 2, 2011), 76 FR... November 28, 2011 (``PairCo Letter''); James Angel, Associate Professor of Finance, McDonough School of.... 66003, 76 FR 80445 (December 23, 2011). \\7\\ 17 CFR 242.612(c). \\8\\ The Exchanges amended the...

  13. 76 FR 55432 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-07

    ... Release No. 62960 (September 21, 2010), 75 FR 59310 (September 27, 2010) (SR-NYSE-2010-56). Finally, the... Typographical Errors August 31, 2011. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the... rule change from interested persons. \\1\\ 15 U.S.C. 78s(b)(1). \\2\\ 17 CFR 240.19b-4. I....

  14. 76 FR 24078 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-29

    ..., 2008), 73 FR 64379 (October 29, 2008) (SR-NYSE- 2008-46) (establishing the ``New Market Model Pilot'' or ``Pilot''). See also Securities Exchange Act Release Nos. 60756 (October 1, 2009), 74 FR 51628... FR 62368 (November 27, 2009) (SR-NYSE-2009-113) (extending Pilot to March 30, 2010); 61724 (March...

  15. 78 FR 16547 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-15

    ... will qualify as ``Retail Orders.'' See Exchange Act Release No. 68747 (Jan. 28, 2013), 78 FR 7824 (Feb... does not depend on a distinction in capacity that is not meaningful for purposes of the Program. As a... Retail Orders to the Retail Liquidity Program in a Riskless Principal Capacity as Well as in an...

  16. 75 FR 58452 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-09-24

    ... Securities Exchange Act Release Nos. 59965 (May 21, 2009), 74 FR 25783 (May 29, 2009) (SR-NYSE-2009-25) (adopting, inter alia, NYSE Rules 3130, 4560, 5190); 61158 (December 11, 2009), 74 FR 67942 (December 21, 2009) (SR-NYSE-2009-123) (adopting NYSE Rule 2150); 61273 (December 31, 2009), 75 FR 1091 (January...

  17. 78 FR 1280 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-08

    ... (October 29, 2008), 73 FR 65904 (November 5, 2008) (SR-NYSE-2008-108) (establishing the SLP Pilot). See also Securities Exchange Act Release Nos. 59869 (May 6, 2009), 74 FR 22796 (May 14, 2009) (SR- NYSE-2009-46) (extending the operation of the SLP Pilot to October 1, 2009); 60756 (October 1, 2009), 74...

  18. 75 FR 21080 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-04-22

    ... Release No. 61350 (January 14, 2010), 75 FR 3767 (January 22, 2010) (SR-NYSE-2010-01); see also Securities Exchange Act Release No. 61520 (February 16, 2010), 75 FR 8163, (February 23, 2010) (SR-NYSE-2010-06). II.... 59229 (January 12, 2009) 74 FR 3119 (January 16, 2009) (SR-NYSE-2009-01). \\7\\ See Securities...

  19. 78 FR 2312 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-10

    ...). \\5\\ See Securities Exchange Act Release Nos. 64582 (June 2, 2011), 76 FR 33390 (June 8, 2011) (SR-NYSE-2011-23) and 66108 (January 5, 2012), 77 FR 1768 (January 11, 2012) (SR-NYSE-2011-71). The trading... (December 22, 2008), 73 FR 80488 (December 31, 2008) (SR-NYSE-2008-130). In June 2011, the fee was...

  20. 78 FR 29406 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; Notice of Designation...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-05-20

    ...) and (d) today may serve to help counterbalance those advantages.\\8\\ \\7\\ See NYSE Rule 72(c)(ii) (``For...). \\2\\ 17 CFR 240.19b-4. \\3\\ See Securities Exchange Act Release No. 68185 (November 8, 2012), 77 FR 68188 (SR-NYSE-2012-57) (``NYSE Notice''); Release No. 68186 (November 8, 2012), 77 FR 68191...

  1. 77 FR 10788 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-02-23

    ... to FINRA Rule 4360.\\4\\ \\4\\ See Securities Exchange Act Release No. 63961 (February 24, 2011), 76 FR.... 56148 (July 26, 2007), 72 FR 42146 (August 1, 2007) (order approving the Agreement); 56147 (July 26, 2007), 72 FR 42166 (August 1, 2007) (SR-NASD-2007- 054) (order approving the incorporation of...

  2. 77 FR 40133 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Rule Change, as...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-07-06

    ... is no longer operational. \\10\\ See Securities Exchange Act Release No. 53539 (March 22, 2006), 71 FR.... 24, 2008), 73 FR 64379 (Oct. 29, 2008) (SR-NYSE-2008-46). A few of the current provisions of... Act Release No. 60974 (Nov. 9, 2009) 74 FR 59299 (Nov. 17, 2009) (SR-NYSE-2009-111) (``After the...

  3. 76 FR 39951 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-07

    ... effective December 15, 2008.\\5\\ \\4\\ See Securities Exchange Act Release No. 62970 (Sept. 22, 2010), 75 FR.... 56148 (July 26, 2007), 72 FR 42146 (August 1, 2007) (order approving the Agreement); 56147 (July 26, 2007), 72 FR 42166 (August 1, 2007) (SR-NASD-2007- 054) (order approving the incorporation of...

  4. 77 FR 51596 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; Order Granting Approval...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-24

    ....19b-4. \\3\\ See Securities Exchange Act Release Nos. 67317 (June 29, 2012), 77 FR 40133 (SR-NYSE-2012-19) and 67318 (June 29, 2012), 77 FR 40129 (SR-NYSEMKT-2012-13) (hereinafter referred to collectively... (March 22, 2006), 71 FR 16353 (March 31, 2006) (SR-NYSE-2004-05) (Order Approving Proposed Rule Change...

  5. 78 FR 51788 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of and Order Granting...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-21

    ... Exchange Act Release No. 69565 (May 13, 2013), 78 FR 29165 (``Notice''). \\4\\ See Letter to Elizabeth M... Release No. 69878, 78 FR 40260 (July 3, 2013) (SR-NYSE-2013-33) (``Notice''). This letter suggested... Notice, these documents include the listing application and the listing agreement. See 78 FR 29165....

  6. 78 FR 4570 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Amendment No. 3...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-22

    ... Release No. 68011 (October 9, 2012), 77 FR 62541 (``Notice''). \\4\\ See Securities Exchange Act Release No. 68313 (November 28, 2012), 77 FR 71853 (December 4, 2012). \\5\\ See Letters to Elizabeth M. Murphy..., 2012), 77 FR 62587 (October 15, 2012) (SR-NYSEArca-2012-105). The comment letter received on the...

  7. 76 FR 600 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-01-05

    ...-2010-121. \\5\\ See Securities Exchange Act Release Nos. 59755 (April 13, 2009), 74 FR 18009 (April 20, 2009) (SR-NYSE-2009-18) (order granting approval of the Pilot); 60809 (October 9, 2009), 74 FR 53532... (December 31, 2009), 75 FR 1107 (January 8, 2010) (SR-NYSE-2009-131) (extending the operation of the...

  8. 78 FR 38420 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-06-26

    ... Release No. 69295 (April 4, 2013), 78 FR 21457 (April 10, 2013). LRPs are calculated by adding and... market centers.\\13\\ \\13\\ See Securities Exchange Act Release No. 51808 (June 9, 2005), 70 FR 37496, 37499... Effectiveness of Proposed Rule Change Amending NYSE Rule 1000 To Increase the Price Threshold for...

  9. 76 FR 69788 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Rule Change...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-11-09

    .... The Exchange notes that a significant percentage of the orders of individual investors are executed..., 2010), 75 FR 3594 (January 21, 2010) (noting that dark pools and internalizing broker- dealers executed... Proposing a One-Year Pilot Program Adding New Rule 107C To Establish a Retail Liquidity Program To...

  10. 77 FR 46137 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-02

    ... Act Release No. 67347 (July 3, 2012), 77 FR 40673 (July 10, 2012) (SR-NYSE-2011-55). Two new classes..., 2011), 76 FR 69788 (November 9, 2011) (SR-NYSE-2011-55). \\10\\ The Exchange notes that participation in... orders of individual investors are executed over-the- counter.\\15\\ \\15\\ See Concept Release on...

  11. 76 FR 21086 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-14

    ... Release No. 54766 (November 16, 2006), 71 FR 67657 (November 22, 2006). Under the exemptive order, among... unlisted note, bond, debenture or evidence of indebtedness that is: (1) Statutorily exempt from the... Exchange, such as General Electric, DOW Chemical, Goldman Sachs and Caterpillar, that involve issuances...

  12. 78 FR 68128 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; NYSE Arca, Inc.; Notice...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-11-13

    .... 70099 (August 2, 2013), 78 FR 48522 (SR-NYSE-2013-54) (``NYSE Notice''); 70098 (August 2, 2013), 78 FR 48513 (SR-NYSEMKT-2013-66) (``NYSE MKT Notice''); and 70097 (August 2, 2013), 78 FR 48528 (SR-NYSEARCA...\\ See Securities Exchange Act Release No. 34-70463, 78 FR 59390 (September 26, 2013). \\7\\ In...

  13. 75 FR 32831 - Self-Regulatory Organizations; The Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-09

    ... its members. Among other things, the change to the fee schedule would increase revenue to the Exchange... Internet comment form ( http://www.sec.gov/rules/sro.shtml ); or Send an e-mail to rule-comments@sec.gov... Commission's Internet Web site ( http://www.sec.gov/rules/sro.shtml ). Copies of the submission,...

  14. 76 FR 40413 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-08

    ... Replenishment Point Value Range During the First Day of Trading of an Initial Public Offering on the Exchange... Rule 1000(a)(iv) to provide for a different liquidity replenishment point (``LRP'') value range during...) to provide for a different LRP value range during the first day of trading of an IPO on the...

  15. 76 FR 612 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-01-05

    ...), 73 FR 65904 (November 5, 2008) (SR-NYSE-2008-108) (establishing the SLP Pilot). See also Securities Exchange Act Release Nos. 59869 (May 6, 2009), 74 FR 22796 (May 14, 2009) (SR- NYSE-2009-46) (extending the operation of the SLP Pilot to October 1, 2009); 60756 (October 1, 2009), 74 FR 51628 (October 7, 2009)...

  16. 76 FR 82342 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-30

    ... Securities Exchange Act Release No. 58877 (October 29, 2008), 73 FR 65904 (November 5, 2008) (SR-NYSE-2008...), 74 FR 22796 (May 14, 2009) (SR- NYSE-2009-46) (extending the operation of the SLP Pilot to October 1, 2009); 60756 (October 1, 2009), 74 FR 51628 (October 7, 2009) (SR-NYSE-2009-100) (extending...

  17. 75 FR 29795 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-05-27

    .... 61542 (February 18, 2010), 75 FR 8768 (February 25, 2010) (order approving SR-FINRA- 2009-093). II. Self.... Background: On July 30, 2007, FINRA's predecessor, the National Association of Securities Dealers, Inc... effective December 15, 2008.\\5\\ \\5\\ See Securities Exchange Act Release Nos. 56148 (July 26, 2007), 72...

  18. 75 FR 33877 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-15

    ....nyse.com . \\3\\ See Securities Exchange Act Release No. 61808 (March 31, 2010), 75 FR 17456 (April 6... changes filed by FINRA and approved by the Commission. Background On July 30, 2007, FINRA's predecessor... Release Nos. 56148 (July 26, 2007), 72 FR 42146 (August 1, 2007) (order approving the Agreement);...

  19. 78 FR 48520 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-08

    ... Exchange Act Release No. 67347 (July 3, 2012), 77 FR 40673 (July 10, 2012) (``RLP Approval Order'') (SR- NYSE-2011-55). Background In July 2012, the Commission approved the Retail Liquidity Program on a pilot... to and perfect the mechanism of a free and open market and a national market system, and, in...

  20. 78 FR 71002 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-11-27

    ... address three such concerns. First, the Exchange has expressed increasing concern about the migration of... Mecane, EVP & Head of U.S. Equities, NYSE Euronext before the Subcommittee on Securities, Insurance and... (January 14, 2010), 75 FR 3594, 3613 (January 21, 2010) (``Equity Market Structure Concept Release'')...

  1. 78 FR 16551 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-15

    ..., which are $500 for carrying firms and designated market makers (``DMMs''), $250 for introducing firms.... 56181 (August 1, 2007), 72 FR 44206 (August 7, 2007) (SR-NYSE-2007-70). The Exchange allocates the funds collected pursuant to the Gross FOCUS Fee to fund the performance of its regulatory activities with...

  2. 77 FR 1768 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-01-11

    .... 78f(b)(4). \\5\\ See Securities Exchange Act Release No. 64582 (June 2, 2011), 76 FR 33390 (June 8, 2011... Year 2012 and (2) Eliminating the NYSE E-Broker Hand Held Device Fee and the NYSE E-Broker Hand Held Device--Opening and Closing Order Imbalances Only (Together the ``Hand Held Device Fees''), the Fee...

  3. 76 FR 71399 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-11-17

    ...), 73 FR 64379 (October 29, 2008) (SR-NYSE-2008-46) (``New Market Model Approval Order''). \\7\\ The New... Release No. 64761 (June 28, 2011), 76 FR 39147 (July 5, 2011) (SR-NYSE-2011-29). In addition to their... business. \\18\\ See Securities Exchange Act Release No. 55397 (March 5, 2007), 72 FR 11066 (March 12,...

  4. 78 FR 16561 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-15

    ... Effectiveness of Proposed Rule Change Amending Rule 13 Adding Two Self-Trade Prevention (``STP'') Modifiers That... Exchange proposes to amend Rule 13 to add two self-trade prevention (``STP'') modifiers that may be used by... Rule 13 to add two STP modifiers that may be used by certain market participants. The proposed...

  5. 75 FR 9009 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-02-26

    ... to 123C(9)(a)(1). \\5\\ See Securities Exchange Act Release No. 59755 (April 13, 2009), 74 FR 18009... transaction for the Class A security was completed at approximately 4:41 p.m. See E-mail from Deanna G. W. Logan, Managing Director, NYSE Regulation, to David Liu, Assistant Director, et al., Division of...

  6. 77 FR 23305 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-04-18

    ... Act Release No. 66021 (December 21, 2011), 76 FR 81551 (December 28, 2011) (SR-FINRA-2011-63) . The...\\ See Securities Exchange Act Release No. 65523 (October 7, 2011), 76 FR 64154 (October 17, 2011) (SR... Release No. 65164 (August 18, 2011), 76 FR 53015 (August 24, 2011) (SR-NYSE-2011-43). \\7\\ For...

  7. 77 FR 56894 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving Proposed Rule Change...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-09-14

    ... Securities Exchange Act Release No. 67488 (July 23, 2012), 77 FR 44302 (``Notice''). II. Description of the... cross transaction to the trading crowd,\\4\\ must manually monitor the protected best bid or offer to... in situations where no one in the trading crowd otherwise breaks up a proposed cross. The...

  8. Comparable Stocks, Boundedly Rational Stock Markets and IPO Entry Rates

    PubMed Central

    Chok, Jay; Qian, Jifeng

    2013-01-01

    In this study, we examine how initial public offerings (IPO) entry rates are affected when stock markets are boundedly rational and IPO firms infer information from their counterparts in the market. We hypothesize a curvilinear relationship between the number of comparable stocks and initial public offerings (IPO) entry rates into the NASDAQ Stock Exchange. Furthermore, we argue that trading volume and changes in stock returns partially mediates the relationship between the number of comparable stocks and IPO entry rates. The statistical evidence provides strong support for the hypotheses. PMID:23690924

  9. Comparable stocks, boundedly rational stock markets and IPO entry rates.

    PubMed

    Chok, Jay; Qian, Jifeng

    2013-01-01

    In this study, we examine how initial public offerings (IPO) entry rates are affected when stock markets are boundedly rational and IPO firms infer information from their counterparts in the market. We hypothesize a curvilinear relationship between the number of comparable stocks and initial public offerings (IPO) entry rates into the NASDAQ Stock Exchange. Furthermore, we argue that trading volume and changes in stock returns partially mediates the relationship between the number of comparable stocks and IPO entry rates. The statistical evidence provides strong support for the hypotheses. PMID:23690924

  10. 76 FR 50790 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-16

    ...), 76 FR 20767 (April 13, 2011) (SR-NYSE-2011-16). NYSE Rule 80C requires the Exchange to pause trading... (June 10, 2010), 75 FR 34186 (June 16, 2010) (File Nos. SR-BATS-2010-014; SR-EDGA-2010-01; SR-EDGX- 2010... Release No. 62251 (June 10, 2010), 75 FR 34183 (June 16, 2010) (SR-FINRA-2010-025). See also...

  11. 78 FR 18402 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; Notice of Designation...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-26

    ...). \\2\\ 17 CFR 240.19b-4. \\3\\ See Securities Exchange Act Release Nos. 68747 (Jan. 28, 2013), 78 FR 7824 (SR-NYSE-2013-08); and 68746 (Jan. 28, 2013), 78 FR 7842 (SR-NYSEMKT-2013-07). \\4\\ See Letter to the... of Rules 107C and 107C-Equities, Respectively, To Allow a Retail Member Organization To Attest...

  12. 78 FR 48522 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-08

    ...), 74 FR 68643 (December 28, 2009) (SR-NYSE-2009-105). \\6\\ NYSE Arca trades equity securities on the.... 69851 (June 25, 2013), 78 FR 39407 (July 1, 2013) (SR-NYSE-2013-42). Rules 49(b)(1) and 49(b)(2)(i... Exchange Act Release No. 64422 (May 6, 2011), 76 FR 27691 (May 12, 2011) (SR-NYSEArca-2011-26)....

  13. 76 FR 27675 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-05-12

    ... Release No. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010) (File Nos. SR-BATS-2010-014; SR-EDGA-2010... Securities Exchange Act Release No. 62251 (June 10, 2010), 75 FR 34183 (June 16, 2010) (SR-FINRA-2010-025..., 2010), 75 FR 34498 (June 17, 2010) (SR-NYSE-2010-45). \\4\\ The Commission approved the addition to...

  14. 17 CFR 240.16a-9 - Stock splits, stock dividends, and pro rata rights.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... 17 Commodity and Securities Exchanges 4 2014-04-01 2014-04-01 false Stock splits, stock dividends... EXCHANGE COMMISSION (CONTINUED) GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934 Rules and Regulations Under the Securities Exchange Act of 1934 Registration of Government Securities Brokers...

  15. 17 CFR 240.16a-9 - Stock splits, stock dividends, and pro rata rights.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... 17 Commodity and Securities Exchanges 3 2011-04-01 2011-04-01 false Stock splits, stock dividends... EXCHANGE COMMISSION (CONTINUED) GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934 Rules and Regulations Under the Securities Exchange Act of 1934 Registration of Government Securities Brokers...

  16. 17 CFR 240.16a-9 - Stock splits, stock dividends, and pro rata rights.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... 17 Commodity and Securities Exchanges 3 2013-04-01 2013-04-01 false Stock splits, stock dividends... EXCHANGE COMMISSION (CONTINUED) GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934 Rules and Regulations Under the Securities Exchange Act of 1934 Registration of Government Securities Brokers...

  17. 75 FR 51138 - Self-Regulatory Organizations; BATS Exchange, Inc.; Chicago Board Options Exchange, Incorporated...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-08-18

    ... Exchange Act Release Nos. 62251 (June 10, 2010), 75 FR 34183 (June 16, 2010); 62252 (June 10, 2010), 75 FR...; BATS Exchange, Inc.; Chicago Board Options Exchange, Incorporated; Chicago Stock Exchange, Inc.; EDGA... Securities Exchange LLC; NASDAQ OMX BX, Inc.; The NASDAQ Stock Market LLC; National Stock Exchange,......

  18. EXCHANGE

    SciTech Connect

    Boltz, J.C.

    1992-09-01

    EXCHANGE is published monthly by the Idaho National Engineering Laboratory (INEL), a multidisciplinary facility operated for the US Department of Energy (DOE). The purpose of EXCHANGE is to inform computer users about about recent changes and innovations in both the mainframe and personal computer environments and how these changes can affect work being performed at DOE facilities.

  19. Clandestine labor migration to Taiwan.

    PubMed

    Tsay, C

    1992-01-01

    "Illegal migration to Taiwan is a recent phenomenon but with a rapid rate of increase. Most illegal foreign workers enter on visitor's visas and overstay. This paper's detailed analysis of official data reveals that Malaysia, Philippines, Indonesia and Thailand are the major sources, providing a stock of mostly male workers numbering around 40,000. Sociodemographic and attitudinal changes among Taiwanese workers coupled with labor shortages in low-skilled jobs are pressuring the Taiwanese government to formulate plans for a systematic importation of foreign labor." PMID:12285774

  20. 26 CFR 1.1032-3 - Disposition of stock or stock options in certain transactions not qualifying under any other...

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ...) acquires money or other property (as defined in § 1.1032-1) in exchange, in whole or in part, for stock of... stock of the issuing corporation in the exchange specified in paragraph (c)(2) of this section from the... with C, an individual, to acquire a truck from C in exchange for 10 shares of X stock with a...