Science.gov

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. 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.

  4. 26 CFR 1.1081-3 - Exchanges of stock or securities solely for stock or securities.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 26 Internal Revenue 11 2010-04-01 2010-04-01 true Exchanges of stock or securities solely for stock or securities. 1.1081-3 Section 1.1081-3 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF... § 1.1081-3 Exchanges of stock or securities solely for stock or securities. The exchange, without...

  5. 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

  6. Complex dynamical behaviors of daily data series in stock exchange

    NASA Astrophysics Data System (ADS)

    Wang, Hongchun; Chen, Guanrong; Lü, Jinhu

    2004-12-01

    It is well known that many economic data series show chaotic behaviors. In this Letter, we further investigate the complex dynamical behaviors of the daily data series, including opening quotation, closing quotation, maximum price, minimum price, and total exchange quantum, in Shenzhen stock exchange and Shanghai stock exchange, which are two representative stock exchanges in mainland China. The maximum Lyapunov exponents, correlation dimensions, and frequency spectra are calculated for these time series. Our results indicate that some daily data series of stock exchanges display low-dimensional chaotic behaviors, and some other daily data series do not show any chaotic behavior. Moreover, we introduce a weighted one-rank local-region approach for predicting short-term daily data series of stock exchange.

  7. 76 FR 7236 - Self-Regulatory Organizations; Stock Clearing Corporation of Philadelphia; Boston Stock Exchange...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-02-09

    ... Release No. 59858 (May 4, 2009), 74 FR 22191 (May 12, 2009) (SR-NASDAQ-2009-039). Prior to the closing of... COMMISSION Self-Regulatory Organizations; Stock Clearing Corporation of Philadelphia; Boston Stock Exchange... is hereby given that on January 19, 2011, Stock Clearing Corporation of Philadelphia, Inc....

  8. 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.

  9. 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.

  10. 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.

  11. Testing for contagion under asymmetric dynamics: Evidence from the stock markets between US and Taiwan

    NASA Astrophysics Data System (ADS)

    Wang, Kuan-Min; Nguyen Thi, Thanh-Binh

    2007-03-01

    This article is an attempt to test, through the use of forward forecasting test on dynamic conditional correlation (DCC), for contagion between Taiwan and US stocks under asymmetry. The process includes three steps. The first step uses the iterated cumulative sums of squares (ICSS) algorithm to detect the structural breaks of market return. The second step creates dummy variables for breaks, estimates EGARCH model of conditional generalized error distribution, and computes dynamic conditional correlation coefficients of DCC multivariate GARCH model. The third step employs one-step and N-step forecast test to check for contagion effect. The evidences prove the asymmetric leverage effect of Taiwan weighted stock index and New York-NYSE Composite Index. Interestingly, we discovered that there are two kinds of contagion, “positive” and “negative”, between markets.

  12. 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

    ... COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate... Stock Exchange, Inc. (``CHX'' or ``Exchange'') filed with the Securities and Exchange Commission...\\ The National Stock Exchange raised its provide credit to 0.25% for transactions under $1 in Tape A,...

  13. 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

    ... COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Order Approving a Proposed Rule... Stock-Future Orders October 31, 2013. I. Introduction On September 4, 2013, Chicago Stock Exchange, Inc..., and to allow the stock leg trade of Stock-Future orders to be cancelled or adjusted. The proposed...

  14. Analysis of Realized Volatility for Nikkei Stock Average on the Tokyo Stock Exchange

    NASA Astrophysics Data System (ADS)

    Takaishi, Tetsuya; Watanabe, Toshiaki

    2016-04-01

    We calculate realized volatility of the Nikkei Stock Average (Nikkei225) Index on the Tokyo Stock Exchange and investigate the return dynamics. To avoid the bias on the realized volatility from the non-trading hours issue we calculate realized volatility separately in the two trading sessions, i.e. morning and afternoon, of the Tokyo Stock Exchange and find that the microstructure noise decreases the realized volatility at small sampling frequency. Using realized volatility as a proxy of the integrated volatility we standardize returns in the morning and afternoon sessions and investigate the normality of the standardized returns by calculating variance, kurtosis and 6th moment. We find that variance, kurtosis and 6th moment are consistent with those of the standard normal distribution, which indicates that the return dynamics of the Nikkei Stock Average are well described by a Gaussian random process with time-varying volatility.

  15. Multifractal analysis of stock exchange crashes

    NASA Astrophysics Data System (ADS)

    Siokis, Fotios M.

    2013-03-01

    We analyze the complexity of rare events of the DJIA Index. We reveal that the returns of the time series exhibit strong multifractal properties meaning that temporal correlations play a substantial role. The effect of major stock market crashes can be best illustrated by the comparison of the multifractal spectra of the time series before and after the crash. Aftershock periods compared to foreshock periods exhibit richer and more complex dynamics. Compared to an average crash, calculated by taking into account the larger 5 crashes of the DJIA Index, the 1929 event exhibits significantly more increase in multifractality than the 1987 crisis.

  16. 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.

  17. 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.

  18. “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

  19. 26 CFR 1.1081-3 - Exchanges of stock or securities solely for stock or securities.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... stock or securities. 1.1081-3 Section 1.1081-3 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES (CONTINUED) Exchanges in Obedience to S.e... securities with an associate company (i.e., a corporation in the same holding company system with the...

  20. 26 CFR 1.1081-3 - Exchanges of stock or securities solely for stock or securities.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... stock or securities. 1.1081-3 Section 1.1081-3 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES (CONTINUED) Exchanges in Obedience to S.e... securities with an associate company (i.e., a corporation in the same holding company system with the...

  1. 26 CFR 1.1081-3 - Exchanges of stock or securities solely for stock or securities.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... stock or securities. 1.1081-3 Section 1.1081-3 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES (CONTINUED) Exchanges in Obedience to S.e... securities with an associate company (i.e., a corporation in the same holding company system with the...

  2. 26 CFR 1.1081-3 - Exchanges of stock or securities solely for stock or securities.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... stock or securities. 1.1081-3 Section 1.1081-3 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES (CONTINUED) Exchanges in Obedience to S.e... securities with an associate company (i.e., a corporation in the same holding company system with the...

  3. 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.…

  4. Generalized Bogoliubov Polariton Model: An Application to Stock Exchange Market

    NASA Astrophysics Data System (ADS)

    Thuy Anh, Chu; Anh, Truong Thi Ngoc; Lan, Nguyen Tri; Viet, Nguyen Ai

    2016-06-01

    A generalized Bogoliubov method for investigation non-simple and complex systems was developed. We take two branch polariton Hamiltonian model in second quantization representation and replace the energies of quasi-particles by two distribution functions of research objects. Application to stock exchange market was taken as an example, where the changing the form of return distribution functions from Boltzmann-like to Gaussian-like was studied.

  5. Sector Identification in a Set of Stock Return Time Series Traded at the London Stock Exchange

    NASA Astrophysics Data System (ADS)

    Coronnello, C.; Tumminello, M.; Lillo, F.; Micciche, S.; Mantegna, R. N.

    2005-09-01

    We compare some methods recently used in the literature to detect the existence of a certain degree of common behavior of stock returns belonging to the same economic sector. Specifically, we discuss methods based on random matrix theory and hierarchical clustering techniques. We apply these methods to a portfolio of stocks traded at the London Stock Exchange. The investigated time series are recorded both at a daily time horizon and at a 5-minute time horizon. The correlation coefficient matrix is very different at different time horizons confirming that more structured correlation coefficient matrices are observed for long time horizons. All the considered methods are able to detect economic information and the presence of clusters characterized by the economic sector of stocks. However, different methods present a different degree of sensitivity with respect to different sectors. Our comparative analysis suggests that the application of just a single method could not be able to extract all the economic information present in the correlation coefficient matrix of a stock portfolio.

  6. 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

    ... COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate... hereby given that on May 31, 2013, the Chicago Stock Exchange, Inc. (``CHX'' or ``Exchange'') filed with... order cancellation ratio exceeds a designated threshold.\\5\\ In addition, the Exchange adopted...

  7. 26 CFR 1.356-4 - Exchanges for section 306 stock.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 26 Internal Revenue 4 2010-04-01 2010-04-01 false Exchanges for section 306 stock. 1.356-4 Section... stock. If, in a transaction to which section 356 is applicable, other property or money is received in exchange for section 306 stock, an amount equal to the fair market value of the property plus the money,...

  8. 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.

  9. 76 FR 33794 - Self-Regulatory Organizations; Chicago Stock Exchange, Incorporated; Notice of Filing and...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-06-09

    ... Chicago Stock Exchange, Incorporated (``Exchange'' or ``CHX'') filed with the Securities and Exchange... Change The Exchange proposes to amend CHX Article 20, Rule 4 which governs orders that are eligible for... Exchange's Web site at ( http://www.chx.com ), at the Exchange's Office of the Secretary, and in...

  10. 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.

  11. 75 FR 78279 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-12-15

    ...\\ See Securities Exchange Act Release No. 34-62886 (September 10, 2010), 75 FR 56613 (September 16, 2010... COMMISSION Release No. 34-63487; File No. SR-CHX-2010-23] Self-Regulatory Organizations; Chicago Stock... given that on December 7, 2010, the Chicago Stock Exchange, Inc. (``CHX'' or the ``Exchange'')...

  12. 77 FR 67431 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-09

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate... Stock Exchange LLC Price List November 5, 2012. Pursuant to Section 19(b)(1) of the Securities Exchange..., 2012, New York Stock Exchange LLC (the ``Exchange'' or ``NYSE'') filed with the Securities and...

  13. 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

  14. 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, the Chicago Stock Exchange, Inc. (``CHX'' or ``Exchange'') filed with the Securities and Exchange... Substance of the Proposed Rule Change CHX proposes to amend Exchange Rules and its Schedule of Participant..., 2013. The text of this proposed rule change is available on the Exchange's Web site at...

  15. 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.

  16. 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

    ... possibility that the stock leg of a stock-option order may be cancelled on the CHX if the corresponding... stock leg is presented to the CHX, there is no possibility that another CHX member's order could be..., 2006), 71 FR 42693 (July 27, 2006) (SR-CHX-2005-34). The Exchange also proposes to require that...

  17. 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

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Section 902.02 of the New York Stock Exchange Listed Company..., on September 25, 2012, New York Stock Exchange LLC (``NYSE'' or the ``Exchange'') filed with...

  18. 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

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule Change Amending the New York Stock Exchange Price List To Provide for Additional Co-Location Services and... York Stock Exchange LLC (``NYSE'' or the ``Exchange'') filed with the Securities and...

  19. 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…

  20. 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

  1. 76 FR 19818 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-08

    ..., the Chicago Stock Exchange, Inc. (``CHX'' or ``Exchange'') filed with the Securities and Exchange... have been prepared by the Exchange. CHX has filed the proposal pursuant to Section 19(b)(3)(A) of the... Rule Change The CHX proposes to amend its Schedule of Participant Fees and Assessments (the...

  2. 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... on April 26, 2011, the Chicago Stock Exchange, Incorporated (``Exchange'' or ``CHX'') filed with the... Proposed Rule Change The Exchange proposes to amend CHX Article 9, Rule 17 which rule governs the...

  3. 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

    ... COMMISSION Self-Regulatory Organizations; The Chicago Stock Exchange, Inc.; Notice of Filing and Immediate..., National Stock Exchange raised its provide credit to 0.25% for transactions under $1 in Tape A, B and C securities beginning in the month of February 2010. \\7\\ For example, National Stock Exchange changed...

  4. 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

    ... 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. I. Introduction On June 13, 2012, New York Stock Exchange...

  5. 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

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Implementing Changes to Certain Fees and Credits Within the New York Stock..., New York Stock Exchange LLC (the ``Exchange'' or ``NYSE'') filed with the Securities and...

  6. 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

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Implementing Certain Changes to the Credits Within the New York Stock... is hereby given that, on July 25, 2012, New York Stock Exchange LLC (the ``Exchange'' or...

  7. 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.

  8. 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

    ... (September 13, 2006), 71 FR 55037 (September 20, 2006) (SR-CHX-2005-06). III. Discussion The Commission finds... FR 312 (``Notice''). II. Description of the Proposal The Exchange proposes to add Interpretation and.... Introduction On December 16, 2011, the Chicago Stock Exchange, Inc. (``CHX'' or the ``Exchange'') filed...

  9. 77 FR 68167 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-15

    ... is hereby given that on November 2, 2012, the Chicago Stock Exchange, Inc. (``CHX'' or ``Exchange... described in Items I, II and III below, which Items have been prepared by the Exchange. CHX has filed the... Statement of the Terms of the Substance of the Proposed Rule Change The CHX proposes to amend its...

  10. 77 FR 10792 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-02-23

    ... hereby given that, on February 9, 2012, the Chicago Stock Exchange, ] Inc. (``CHX'' or ``Exchange... in Items I, II, and III below, which Items have been prepared by the Exchange. CHX has filed the... Statement of the Terms of Substance of the Proposed Rule Change CHX proposes to amend its Schedule of...

  11. 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

    ... 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 To Implement a Cancellation Fee January 21, 2010. Pursuant to Section 19(b)(1) of the Securities Exchange...

  12. 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

  13. 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

  14. 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

    ... reviewed together. See Securities Exchange Act Release No. 67090 (May 31, 2012), 77 FR 33531 (June 6, 2012... percentage calculation is rounded to the nearest fifty points to create the Levels' trigger points. The New York Stock Exchange, Inc. (``NYSE'') disseminates the new trigger levels quarterly to the media and...

  15. 76 FR 25394 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-05-04

    ... Effectiveness of Proposed Rule Change To Alter the CHX Fee Schedule Relating to the CHX Connect Service April 28... thereunder,\\2\\ notice is hereby given that, on April 26, 2011, the Chicago Stock Exchange, Inc. (``CHX'' or... as described in Items I, II, and III below, which Items have been prepared by the Exchange. CHX...

  16. 76 FR 62126 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-10-06

    ... COMMISSION [Release No. 34-65444; File No. SR-CHX-2011-27 Self-Regulatory Organizations; Chicago Stock.... (``CHX'' or the ``Exchange'') filed with the Securities and Exchange Commission (``Commission'') the proposed rule ] change as described in Items I and II below, which Items have been prepared by the CHX....

  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

    ... available on the Exchange's Web site at ( http://www.chx.com ) and in the Commission's Public Reference Room... Web site ( http://www.sec.gov/rules/sro.shtml ). Copies of the submission, all subsequent amendments... COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and...

  18. 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

    ... 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 Remove its Tiered Schedule of Fees and Rebates and To Lower or Remove Certain Rebates September 6,...

  19. 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

    ... Effectiveness of Proposed Rule Change To Clarify the Purpose of, and Statutory Basis for, the September 4, 2012 Changes to the NSX Fee and Rebate Schedule September 10, 2012. Pursuant to Section 19(b)(1) of the... on September 4, 2012, National Stock Exchange, Inc. filed with the Securities and Exchange...

  20. 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

    ... stocks to the pilot rule.\\8\\ \\4\\ See Securities Exchange Act Release No. 62252 (June 10, 2010), 75 FR... (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...

  1. 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

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate... hereby given that on February 2, 2012, New York Stock Exchange LLC (``NYSE'' or the ``Exchange'') filed... treated in the imbalance publication and to add new supplementary material to describe how sell...

  2. 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

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...,\\2\\ notice is hereby given that, on August 1, 2011, New York Stock Exchange LLC (the ``Exchange'' or... combination of numerical thresholds and percentage thresholds of US ADV (e.g., 1.25% of US ADV).\\3\\...

  3. 77 FR 1769 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-01-11

    ... applicable month as follows: \\3\\ \\3\\ See Securities Exchange Act Release No. 65062 (August 9, 2011), 76 FR... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule Change by New York Stock Exchange LLC To Amend the Schedule of Rebates Paid to Supplemental...

  4. 78 FR 39407 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-07-01

    ... exchanges and clearing houses serving the risk management needs of global markets for agricultural, credit... . ICE's common stock is listed on the Exchange under the symbol ``ICE,'' and, following the completion of the Merger, ICE Group common stock is expected to be listed for trading on the Exchange under...

  5. 78 FR 41166 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-07-09

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate... (``Act'') \\1\\ and Rule 19b4 thereunder,\\2\\ notice is hereby given that, on June 20, 2013, New York Stock... Securities Exchange Act Release No. 68021 (October 9, 2012), 77 FR 63406 (October 16, 2012)...

  6. 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

    ... COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Proposed Rule... Stock-Future Orders September 12, 2013. Pursuant to Section 19(b)(1) of the Securities Exchange Act of.... Self-Regulatory Organization's Statement of the Terms of the Substance of the Proposed Rule Change...

  7. 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

    ... 26 Internal Revenue 11 2011-04-01 2011-04-01 false Sale of stock or securities received upon 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...

  8. 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

    ... 26 Internal Revenue 11 2013-04-01 2013-04-01 false Sale of stock or securities received upon 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...

  9. 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

    ... 26 Internal Revenue 11 2012-04-01 2012-04-01 false Sale of stock or securities received upon 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...

  10. 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

    ... 26 Internal Revenue 11 2014-04-01 2014-04-01 false Sale of stock or securities received upon 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...

  11. 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

    ... COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...\\ 15 U.S.C. 78s(b)(3)(A). \\4\\ 17 CFR 240.19b-4(f)(2). I. Self-Regulatory Organization's Statement of.... Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed...

  12. 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

    ... COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate... 240.19b-4. \\3\\ 15 U.S.C. 78s(b)(3)(A). \\4\\ 17 CFR 240.19b-4(f)(2). I. Self-Regulatory Organization's.... II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the...

  13. 77 FR 2583 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-01-18

    ... COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...). I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change... structure for Derivative Securities Products and to remove certain references to Tape A, B and C...

  14. 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.

  15. 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

    ... on other markets while at the point of sale on the Exchange. Therefore, unlike other Exchange users... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange Price List January 4, 2011. Pursuant to Section...

  16. 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...

  17. 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

    ... Chicago Stock Exchange, Inc. (``CHX'' or ``Exchange'') filed with the Securities and Exchange Commission... been prepared by the Exchange. CHX has filed the proposal pursuant to Section 19(b)(3)(A) of the Act \\3... Rule Change The CHX proposes to amend its Schedule of Participant Fees and Assessments (the...

  18. Investigation of market efficiency and Financial Stability between S&P 500 and London Stock Exchange: Monthly and yearly Forecasting of Time Series Stock Returns using ARMA model

    NASA Astrophysics Data System (ADS)

    Rounaghi, Mohammad Mahdi; Nassir Zadeh, Farzaneh

    2016-08-01

    We investigated the presence and changes in, long memory features in the returns and volatility dynamics of S&P 500 and London Stock Exchange using ARMA model. Recently, multifractal analysis has been evolved as an important way to explain the complexity of financial markets which can hardly be described by linear methods of efficient market theory. In financial markets, the weak form of the efficient market hypothesis implies that price returns are serially uncorrelated sequences. In other words, prices should follow a random walk behavior. The random walk hypothesis is evaluated against alternatives accommodating either unifractality or multifractality. Several studies find that the return volatility of stocks tends to exhibit long-range dependence, heavy tails, and clustering. Because stochastic processes with self-similarity possess long-range dependence and heavy tails, it has been suggested that self-similar processes be employed to capture these characteristics in return volatility modeling. The present study applies monthly and yearly forecasting of Time Series Stock Returns in S&P 500 and London Stock Exchange using ARMA model. The statistical analysis of S&P 500 shows that the ARMA model for S&P 500 outperforms the London stock exchange and it is capable for predicting medium or long horizons using real known values. The statistical analysis in London Stock Exchange shows that the ARMA model for monthly stock returns outperforms the yearly. ​A comparison between S&P 500 and London Stock Exchange shows that both markets are efficient and have Financial Stability during periods of boom and bust.

  19. 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

    ... December 22, 2009, the Chicago Stock Exchange, Inc. (``CHX'' or ``Exchange'') filed with the Securities and... of the Proposed Rule Change The CHX proposes to amend its Schedule of Participant Fees and... site at http://www.chx.com/rules/proposed_rules.htm , at the Exchange's principal office, and at...

  20. 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... is hereby given that on July 30, 2010, the Chicago Stock Exchange, Inc. (``CHX'' or ``Exchange... described in Items I and II below, which Items have been prepared by the Exchange. CHX has filed...

  1. 76 FR 59476 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-26

    ... COMMISSION Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Proposed Rule Change To Change the Status of Exchange-Registered Institutional Broker Firms September 19, 2011... rule change as described in Items I and II below, which Items have been prepared by the Exchange....

  2. 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.

  3. 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.

  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

    ...''). For example, Article III, Section 5(e) of the By-Laws of the NASDAQ Stock Market LLC (``NASDAQ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of a Proposed Rule... Regulation''), To Eliminate a Requirement That Not Less Than Two Members of the Board of Directors of...

  5. 77 FR 30040 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-05-21

    ....S.C. 78c(f). \\16\\ See e.g. NASDAQ Stock Market Rules 5000 Series (detailing listing requirements for the NASDAQ Global Market and NASDAQ Capital Market) and NYSE Amex LLC Company Guide Section 101. At... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and...

  6. 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

    ...-substantive, grammatical change to this text in NYSE Rule 129. The Exchange notes that the proposed change is... Effectiveness of Proposed Rule Change Amending the New York Stock Exchange LLC Price List To Increase the Gross...'') the proposed rule change as described in Items I and II below, which Items have been prepared by...

  7. 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...,\\2\\ notice is hereby given that, on December 16, 2011, the Chicago Stock Exchange, Inc. (``CHX'' or... Terms of Substance of the Proposed Rule Change CHX proposes to add Interpretation and Policy .01...

  8. 78 FR 46661 - Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; Order Instituting...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-01

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; NYSE MKT LLC; Order Instituting... (April 23, 2013), 78 FR 25118 (SR-NYSE-2013-21) (``NYSE Notice''); Release No. 69428 (April 23, 2013), 78 FR 25102 (SR-NYSEMKT-2013-25). On April 18, 2013, the Exchanges filed Partial Amendment No. 1 to...

  9. 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

    ... member organization, and by virtue of its control, fall within the Exchange's definition of approved... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 2 To Specify That the Definition of an Approved Person...

  10. 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

    ... Stock Exchange, Inc. and Archipelago Holdings, Inc.); 58673 (September 29, 2008), 73 FR 57707 (October 8....19b-4. \\3\\ See Securities Exchange Act Release No. 65183 (August 22, 2011), 76 FR 53513 (``Notice.... 58705 (October 1, 2008), 73 FR 58995 (October 8, 2008) (SR-Amex-2008-63); and 52497 (September 22,...

  11. 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

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Amendment No. 3... 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....

  12. 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

    ... From the Federal Register Online via the Government Publishing Office SECURITIES AND EXCHANGE COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change Proposing To: (i) Delete the Sections in the Listed Company Manual (the ``Manual'')...

  13. 78 FR 6160 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-29

    ... 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 Amending NYSE Rule 107C To Allow Retail Liquidity Providers To Enter Retail Price Improvement Orders in a...

  14. 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

    ... 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 Deleting NYSE Rules 95(c) and (d) and Related Supplementary Material November 8, 2012. Pursuant to Section 19(b)(1) \\1\\ of the...

  15. 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

    ...). \\4\\ 17 CFR 240.19b-4(f)(2). I. Self-Regulatory Organization's Statement of the Terms of the Substance... oversight function. The Exchange proposes to increase its SRO Fee under Section B of the Fee Schedule from... COMMISSION Self-Regulatory Organizations; The Chicago Stock Exchange, Inc.; Notice of Filing and......

  16. 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

    ... 26 Internal Revenue 11 2010-04-01 2010-04-01 true Treatment of gain from certain sales or... for Determining Capital Gains and Losses § 1.1248-1 Treatment of gain from certain sales or exchanges...) and § 1.1248-4. For the treatment, under certain circumstances, of the sale or exchange of stock in...

  17. 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.

  18. 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.

  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

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Its Price List To Adopt a Trading License Fee for Calendar Year...\\ and Rule 19b-4 thereunder,\\2\\ notice is hereby given that, on December 21, 2012, New York...

  20. 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

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate... below, which Items have been prepared by the self-regulatory organization. The Commission is publishing...)(1). \\2\\ 15 U.S.C. 78a. \\3\\ 17 CFR 240.19b-4. I. Self-Regulatory Organization's Statement of...

  1. 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

    ...-related circuit breaker because, when triggered, it will prevent short selling, including potentially manipulative or abusive short selling, from driving down further the price of a security that has already... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and...

  2. 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

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate... Items have been prepared by the self- regulatory organization. The Commission is publishing this notice...\\ 15 U.S.C. 78a. \\3\\ 17 CFR 240.19b-4. I. Self-Regulatory Organization's Statement of the Terms...

  3. 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

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate... change from interested persons. \\1\\ 15 U.S.C.78s(b)(1). \\2\\ 17 CFR 240.19b-4. I. Self-Regulatory..., and at the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of...

  4. 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

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relocating Certain Futures and Options Trading Conducted on ICE Futures U... prepared by the self- regulatory organization. The Commission is publishing this notice to solicit...

  5. 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

    ... functionality. \\4\\ See Securities Exchange Act Release No. 69295 (April 4, 2013), 78 FR 21457 (April 10, 2013... will no longer be in effect for Tier 1 NMS Stocks, and beginning on the earlier of August 1, 2013 or such date as Phase II of the Plan is implemented, LRPs will no longer be in effect for all NMS...

  6. 75 FR 48404 - Self-Regulatory Organizations; The Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-08-10

    ... COMMISSION Self-Regulatory Organizations; The Chicago Stock Exchange, Inc.; Notice of Filing and Immediate.... \\3\\ 15 U.S.C. 78s(b)(3)(A). \\4\\ 17 CFR 240.19b-4(f)(2). I. Self-Regulatory Organization's Statement.... II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the...

  7. 77 FR 71023 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-28

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate... Order Acceptance Cut-Off Time Cannot Be Past 4:30 p.m. November 21, 2012. Pursuant to Section 19(b)(1... below, which Items have been prepared by the self-regulatory organization. The Commission is...

  8. 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…

  9. 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.

  10. 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.

  11. 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

    ... COMMISSION Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule... described in Items I and II, below, which Items have been prepared by the self-regulatory organization. The.... \\1\\ 15 U.S.C. 78s(b)(1). \\2\\ 15 U.S.C. 78a. \\3\\ 17 CFR 240.19b-4. I. Self-Regulatory...

  12. 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

  13. 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

  14. 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... Exchange, Inc. (``CHX'' or ``Exchange'') filed with the Securities and Exchange Commission...

  15. 78 FR 3485 - Self Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-16

    ... Exchange, Inc. (``CHX'' or ``Exchange'') filed with the Securities and Exchange Commission (``Commission...'s Statement of the Terms of Substance of the Proposed Rule Change CHX proposes to amend Exchange... proposed rule change is available on the Exchange's Web site at...

  16. 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.

  17. 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...

  18. 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

    ... streamline certain regulatory functions of the Exchange by reducing false positive results that may occur on... regulatory functions of the Exchange by reducing false positive results that may occur on Exchange-generated... and modifiers. See Securities Exchange Act Release No. 69538 (May 8, 2013), 78 FR 28671 (May 15,...

  19. 76 FR 74088 - Self-Regulatory Organizations; Chicago Stock Exchange, Incorporated; Notice of Filing Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-11-30

    ... exchanges and FINRA. See Securities Exchange Act Release No. 62252 (June 10, 2010), 75 FR 34186 (June 16...-2010-05; and SR-CBOE- 2010-047) and Securities Exchange Act Release No. 62251 (June 10, 2010), 75 FR... and FINRA. See Securities Exchange Act Release No. 62884 (September 10, 2010), 75 FR 56618...

  20. 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

    ... Exchange's Order Delivery Mode provides Electronic Communication Networks (``ECNs'') with an electronic... Exchange's Order Delivery mode (``Order Delivery Mode''). \\3\\ Exchange Rule 1.5 defines the term ``ETP'' as... Delivery Mode. As explained in more detail below, the Exchange proposes to allow Order...

  1. The use of the Hurst exponent to investigate the global maximum of the Warsaw Stock Exchange WIG20 index

    NASA Astrophysics Data System (ADS)

    Domino, Krzysztof

    2012-01-01

    The WIG20 index-the index of the 20 biggest companies traded on the Warsaw Stock Exchange-reached the global maximum on 29th October 2007. I have used the local DFA (Detrended Functional Analysis) to obtain the Hurst exponent (diffusion exponent) and investigate the signature of anti-correlation of share price evolution around the maximum. The analysis was applied to the share price evolution for variable DFA parameters. For many values of parameters, the evidence of anti-correlation near the WIG20 maximum was pointed out.

  2. Corporate Characteristics and Internal Control Information Disclosure- Evidence from Annual Reports in 2009 of Listed Companies in Shenzhen Stock Exchange

    NASA Astrophysics Data System (ADS)

    Xiaowen, Song

    Under the research framework of internal control disclosure and combined the current economic situation, the paper empirically analyzes the relationship between corporate characteristics and internal control information disclosure. The paper selects 647 A share companies listed in Shenzhen Stock Exchanges in 2009 as a sample. The results show: (1) the companies with excellent performance and high liquidity tend to disclose more internal control information; (2) the companies with the high leverage and also issued B shares are not willing to disclosure internal control information; (3) the companies sizes and companies which have hired Four-big accounting firms have no significant effects on internal control disclosure.

  3. 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

    ... executions. The Exchange further proposes to clarify that the maximum charge per side shall be computed for... 610(c) of Regulation NMS. The Exchange is making parallel changes to the Trade Processing Fees...

  4. 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

    ..., without charge, the Exchange's data feed, the NSX depth-of-book feed (``DOB feed''), to authorized..., without charge, the Exchange's data feed, the NSX depth-of- book feed (``DOB feed''), to authorized... consists of the NSX Market Data Feed License Agreement, which is available on the Exchange Web site (...

  5. 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...

  6. 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..., Inc. (``CHX'' or the ``Exchange'') filed with the Securities and Exchange Commission...

  7. 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...

  8. 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...

  9. 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...

  10. 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

    ... executed in the Exchange's Automatic Execution Mode, amend the fee tiers for certain orders executed in the Exchange's Order Delivery Mode, adjust the routing fee, and establish a fee for receipt of the Exchange's... Execution Mode of order interaction (``AutoEx''). Second, the proposed rule change would amend the...

  11. 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

    ... Transactions Executed Off-Exchange). Brokerplex also provides for the transmission of orders to the Exchange's...), 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...

  12. 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... Exchange's trading facilities, encourage order flow, and allow the Exchange to remain competitive in...

  13. 77 FR 5080 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-02-01

    ...\\ 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), 75 FR 20792... January 26, 2012. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\\1\\...

  14. 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...

  15. 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...

  16. 75 FR 14219 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-03-24

    ... Discretionary Voting on the Elections of Directors March 18, 2010. Pursuant to Section 19(b)(1) of the... Proposed Rule Change CHX proposes to amend Article 8, Rule 14 regarding proxy voting by Participants which... regarding proxy voting by Participants which hold stock on behalf of the beneficial owner. Specifically,...

  17. Seasonality of diffusive exchange of polychlorinated biphenyls and hexachlorobenzene across the air-sea interface of Kaohsiung Harbor, Taiwan.

    PubMed

    Fang, Meng-Der; Ko, Fung-Chi; Baker, Joel E; Lee, Chon-Lin

    2008-12-15

    Gaseous and dissolved concentrations of polychlorinated biphenyls (PCBs) and hexachlorobenzene (HCB) were measured in the ambient air and water of Kaohsiung Harbor lagoon, Taiwan, from December 2003 to January 2005. During the rainy season (April to September), gaseous PCB and HCB concentrations were low due to both scavenging by precipitation and dilution by prevailing southwesterly winds blown from the atmosphere of the South China Sea. In contrast, trace precipitation and prevailing northeasterly winds during the dry season (October to March) resulted in higher gaseous PCB and HCB concentrations. Instantaneous air-water exchange fluxes of PCB homologues and HCB were calculated from 22 pairs of air and water samples from Kaohsiung Harbor lagoon. All net fluxes of PCB homologues and HCB in this study are from water to air (net volatilization). The highest net volatile flux observed was +172 ng m(-)(2) day(-1) (dichlorobiphenyls) in December, 2003 due to the high wind speed and high dissolved concentration. The PCB homologues and HCB fluxes were significantly governed by dissolved concentrations in Kaohsiung Harbor lagoon. For low molecular weight PCBs (LMW PCBs), their fluxes were also significantly correlated with wind speed. The net PCB and HCB fluxes suggest that the annual sums of 69 PCBs and HCB measured in this study were mainly volatile (57.4 x 10(3) and 28.3 x 10(3) ng m(-2) yr(-1), respectively) and estimated yearly, 1.5 kg and 0.76 kg of PCBs and HCB were emitted from the harbor lagoon surface waters to the ambient atmosphere. The average tPCB flux in this study was about one-tenth of tPCB fluxes seen in New York Harbor and in the Delaware River, which are reported to be greatly impacted by PCBs.

  18. The differing privacy concerns regarding exchanging electronic medical records of internet users in Taiwan.

    PubMed

    Hwang, Hsin-Ginn; Han, Hwai-En; Kuo, Kuang-Ming; Liu, Chung-Feng

    2012-12-01

    This study explores whether Internet users have different privacy concerns regarding the information contained in electronic medical records (EMRs) according to gender, age, occupation, education, and EMR awareness. Based on the Concern for Information Privacy (CFIP) scale developed by Smith and colleagues in 1996, we conducted an online survey using 15 items in four dimensions, namely, collection, unauthorized access, secondary use, and errors, to investigate Internet users' concerns regarding the privacy of EMRs under health information exchanges (HIE). We retrieved 213 valid questionnaires. The results indicate that the respondents had substantial privacy concerns regarding EMRs and their educational level and EMR awareness significantly influenced their privacy concerns regarding unauthorized access and secondary use of EMRs. This study recommends that the Taiwanese government organizes a comprehensive EMR awareness campaign, emphasizing unauthorized access and secondary use of EMRs. Additionally, to cultivate the public's understanding of EMRs, the government should employ various media, especially Internet channels, to promote EMR awareness, thereby enabling the public to accept the concept and use of EMRs. People who are highly educated and have superior EMR awareness should be given a comprehensive explanation of how hospitals protect patients' EMRs from unauthorized access and secondary use to address their concerns. Thus, the public can comprehend, trust, and accept the use of EMRs, reducing their privacy concerns, which should facilitate the future implementation of HIE.

  19. 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... Act Release No. 69087 (March 8, 2013), 78 FR 16325 (March 14, 2012) (SR-NSX-2013-09) The Plan...

  20. 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...

  1. 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

    ... 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 56886... Midpoint Peg Zero Display Reserve Orders, and (iii) correct typographical inconsistencies within the...

  2. 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... Participants who are subject to the obligations of Article 17 of the CHX rules. Registration as an... be registered with the Exchange as provided in Article 6. \\4\\ See CHX Rules, Article 17, Rule...

  3. 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

    ... delete the existing, but somewhat outdated, definitions of the terms Qualified Clearing Agency... Rule 6. \\4\\ The Exchange notes that existing Article 21, Rule 1(d) provides that the Exchange shall... Broker may buy or sell securities on another trading center as a correspondent of a clearing member...

  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..., Incorporated (``Exchange'' or ``CHX'') filed with the Securities and Exchange Commission (the ``Commission...,\\2\\ a proposed rule change to add CHX Rule 6 (Submission of Clearing Information) to Article...

  5. 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...

  6. 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...

  7. 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... Release No. 63247 (Nov. 4, 2010), 75 FR 68702 (Nov. 9, 2010). See also, Division of Trading & Markets... order). See also, Exchange Act Release No. 63948 (Feb. 23, 2011), 76 FR 11303 (Mar. 1, 2011)...

  8. 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

    ...-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) regarding SR-CHX-2010-23. \\6\\ See Securities Exchange Act Release No. 64228 (April 7, 2011), 75 FR 20792 April 13,...

  9. 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

    ..., to be eligible for Order Delivery service, an ETP Holder ``must demonstrate to Exchange examiners... 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...

  10. 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

    ... site at http://www.chx.com and in the Commission's Public Reference Room. II. Self-Regulatory... 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\\...

  11. 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

    ... affiliate and facility of the Exchange (``Outbound Router'').\\7\\ The Outbound ] Router will be subject to... Play Orders is consistent with the previously approved functions of the Outbound Router, and the... Outbound Router is regulated as a facility of the Exchange (as defined in Section 3(a)(2) of the...

  12. 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...

  13. 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)...

  14. 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)...

  15. 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

    ... several provisions of NSX Rule 15.5(d), ``Listed Company Corporate Governance Requirements.'' \\17... achieved an exchange listing for their securities. The corporate governance standards embodied in the... Securities Exchange Act Release No. 68039 (October 11, 2012), 77 FR 63914 (``Notice''). \\5\\ See...

  16. 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

    ... (``ETP'') Holders \\3\\ $0.0020 per share when using a Midpoint-Seeker Order \\4\\ in the Exchange's... share when using a Midpoint-Seeker Order in the Exchange's Auto-Ex Mode to remove liquidity in a security that is priced at or above $1.00. The Midpoint Seeker Order is an Immediate- or-Cancel...

  17. 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

    ...\\ Exchange Act Release No. 54846 (Nov. 30, 2006), 71 FR 71003 (Dec. 7, 2006). B. Self-Regulatory Organization... Effectiveness of Proposed Rule Concerning the CHX Connect Service June 29, 2011. Pursuant to Section 19(b)(1) of... Connect) to include an explicit description of the Exchange's CHX Connect order routing service. The...

  18. 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'')...

  19. 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

    ... Exchange Act Release No. 67091 (May 31, 2012), 77 FR 33498 (June 6, 2012) (the ``Limit Up-Limit Down... 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,...

  20. 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...

  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

    ... Securities Exchange Act Release No. 62214 (June 10, 2010), 75 FR 34183 (June 16, 2010) approving SR-CHX-2010-10. \\4\\ See Securities Exchange Act Release No. 62884 (September 10, 2010), 75 FR 56618 (September 16... Effectiveness of Proposed Rule Change To Extend the Pilot Program Related to Individual Securities...

  2. 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

    ... (June 10, 2010), 75 FR 34186 (June 16, 2010) approving SR-CHX-2010-10. \\4\\ See Securities Exchange Act Release No. 62884 (September 10, 2010), 75 FR 56618 (September 16, 2010) approving SR-CHX-2010-14. \\5\\ See Securities Exchange Act Release No. 34-63498 (December 9, 2010), 75 FR 78310 (December 15, 2010) approving...

  3. 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

    ..., applies. \\4\\ See Securities Exchange Act Release No. 62252 (June 10, 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...-63498 (December 9, 2010), 75 FR 78310 December 15, 2010) approving SR-CHX-2010-24. 2. Statutory...

  4. 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

    ... and Exchange Commission (``Commission'') the proposed rule change as described in Items I and II below...). \\2\\ 17 CFR 240.19b-4. \\3\\ 17 CFR 240.19b-4(f)(6). I. Self-Regulatory Organization's Statement of the..., effective September 1, 2011.\\4\\ \\4\\ Securities Exchange Act Rel. No. 34-65268 (Aug. 25, 2011), 76 FR...

  5. 78 FR 14867 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-07

    ... trading rules provide for a price-time priority market with two modes of order interaction: (1) Auto-Ex, and (2) Order Delivery. The Exchange's two modes of order interaction are described in NSX Rule 11.13... that use Auto-Ex and those that use the Exchange's Order Delivery mode of interaction (``Order...

  6. 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

    ... 31, 2012), 77 FR 33531 (June 6, 2012) (SR-CHX-2011-30). The Exchange anticipates that the initial... Securities Exchange Act Release No. 67090 (May 31, 2012), 77 FR 33531 (June 6, 2012) (SR-CHX-2011-30). The... submitted by any of the following methods: Electronic Comments Use the Commission's Internet comment...

  7. 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

    ... Notifications per month. \\7\\ See Securities Exchange Act Release No. 68391 (December 10, 2012), 77 FR 74536... Mode provides ECNs with advertising through attributed quotations which facilitates an increasing rate... proposed rule change has taken effect upon filing pursuant to Section 19(b)(3)(A)(ii) of the Exchange...

  8. 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

    ... Effectiveness of Proposed Rule Change To Amend Its Fee and Rebate Schedule November 7, 2012. Pursuant to Section... Terms of Substance of the Proposed Rule Change The Exchange is proposing to amend its Fee and Rebate... Change In its filing with the Commission, the Exchange included statements concerning the purpose of...

  9. 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

    ... Effectiveness of Proposed Rule Change To Alter Its Fee Schedule To Increase its SRO, DEA and Off-Exchange Trader... amend its Schedule of Participant Fees and Assessments (the ``Fee Schedule''), effective July 1, 2011, to alter its schedule of fees for Participants relating to its SRO, Off-Exchange trader and DEA...

  10. 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

    ...) months of participation. \\7\\ See Securities Exchange Act Release No. 68215 (November 13, 2012), 77 FR... Effectiveness of Proposed Rule Change To Amend Its Fee and Rebate Schedule December 10, 2012. Pursuant to... Terms of the Substance of the Proposed Rule Change The Exchange is proposing to amend its Fee and...

  11. 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

    ... will lock or cross another market center's quote. In addition, the Exchange proposes to adopt new... described in Items I and II below, which Items have been prepared by the self-regulatory organization. The... available on the Exchange's Web site at ( www.chx.com ) and in the Commission's Public Reference Room....

  12. 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

    ... among members and other persons using any facility or system which the Exchange operates or controls... non-linear aggregation of total trading and quoting activity in Tapes A, B and C securities...

  13. 76 FR 77048 - Self-Regulatory Organizations; Boston Stock Exchange Clearing Corporation; Order Approving...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-09

    ... 240.19b-4. \\3\\ Securities Exchange Act Release No. 34-65613 (October 24, 2011), 76 FR 67007 (October... therefore ordered, pursuant to Section 19(b)(2) \\8\\ of the Act, that the proposed rule change (File No....

  14. 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

    ...) instead of otherwise interacting. \\4\\ Securities Exchange Act Release No. 61781 (March 25, 2010), 75 FR... result of the velocity of trading in today's high speed marketplace. Many ETP Holders have...

  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 make additional rules subject to punishment under its MRP. These rules relate to: (1) Failure to...

  16. 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

  17. 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.

  18. 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.

  19. 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.

  20. 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

    ... impediments to and perfect the mechanism of a free and open market and a national market system. \\9\\ 15 U.S.C... on Burden on Competition The Exchange does not believe that the proposed rule change will impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act....

  1. 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... Release Nos. 62884 (September 10, 2010), 75 FR 56618 (September 16, 2010) (File Nos. SR-BATS-2010-018; SR... Securities Exchange Act Release No. 62883 (September 10, 2010), 75 FR 56608 (September 16, 2010)...

  2. 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...

  3. 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

    ... Proposed Rule Change With Respect to the Amendment of the By-Laws of Its Parent Corporation, The NASDAQ OMX... 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...

  4. 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,...

  5. 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..., in that it is designed, among other things, to promote clarity, transparency and full disclosure,...

  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... an equilibrium between buying and selling interest and to ensure that market participants have an... (April 9, 1998), 63 FR 18477 (April 15, 1998) (SR-NYSE-98-06, SR-Amex-98-09, SR-BSE-98-06,...

  7. 76 FR 67509 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-11-01

    ...), 76 FR 59476 (``Notice''). II. Description of the Proposal Institutional Brokers are an elective sub... beginning in 2006. See Securities Exchange Act Release No. 54550 (September 29, 2006), 71 FR 59563 (October... in the Matching System until it is entered into the system.\\5\\ \\5\\ Id. 71 FR at 59567. Due to...

  8. 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... on Halt'' \\47\\), to the extent that the modifiers do not conflict with the CHX Only order subtype (i... Protected Quotation.\\50\\ Specifically, the current definition conflicts with the proposed CHX Only...

  9. 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...

  10. 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.... Trade Recording with a Qualified Clearing Agency (a)--(d) Unchanged Interpretations and Policies: .01... specified in the Exchange's Fee Schedule. Interpretation and Policies: .01 An Institutional Broker making...

  11. 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

    ... 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 43842... Commission, Telemarketing Sales Rule, 68 FR 4580 (Jan. 29, 2003) at 4628; and Federal Trade...

  12. 75 FR 6423 - Self-Regulatory Organizations; National Stock Exchange, Inc.; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-02-09

    ... Under One Dollar in the Auto Execution Mode of Order Interaction to 0.25% of Trade Value February 2... orders of securities priced under one dollar in the Auto Execution mode of order interaction (``AutoEx'') \\3\\ to 0.25% of trade value. \\3\\ The Exchange's two modes of order interaction are described in...

  13. 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

    ... Effectiveness of Proposed Rule Change To Amend Its Fee and Rebate Schedule December 10, 2012. Pursuant to... Terms of the Substance of the Proposed Rule Change The Exchange is proposing to amend its Fee and Rebate... Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its...

  14. 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

    ....com ) and in the Commission's Public Reference Room. II. Self-Regulatory Organization's Statement of... 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...

  15. 76 FR 57089 - Self-Regulatory Organizations; Chicago Stock Exchange, Incorporated; Order Approving a Proposed...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-15

    ... Exchange Act Release No. 64985 (July 28, 2011), 76 FR 46866 (``Notice''). \\4\\ See letters from Darren Story... interpretation of the general provisions of Rule 9. See Notice, supra note 3, 76 FR at 46866. \\6\\ See CHX Article 20, Rule 9(b)(6). See also Notice, supra note 3, 76 FR at 46866 (``A special trade indicator will...

  16. Patterns of trading profiles at the Nordic Stock Exchange. A correlation-based approach.

    NASA Astrophysics Data System (ADS)

    Musciotto, Federico; Marotta, Luca; Miccichè, Salvatore; Piilo, Jyrki; Mantegna, Rosario N.

    2016-07-01

    We investigate the trading behavior of Finnish individual investors trading the stocks selected to compute the OMXH25 index in 2003 by tracking the individual daily investment decisions. We verify that the set of investors is a highly heterogeneous system under many aspects. We introduce a correlation based method that is able to detect a hierarchical structure of the trading profiles of heterogeneous individual investors. We verify that the detected hierarchical structure is highly overlapping with the cluster structure obtained with the approach of statistically validated networks when an appropriate threshold of the hierarchical trees is used. We also show that the combination of the correlation based method and of the statistically validated method provides a way to expand the information about the clusters of investors with similar trading profiles in a robust and reliable way.

  17. 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;...

  18. 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.

  19. 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, Chen’s (1996), Yu’s (2005), Cheng’s (2006) and Chen’s (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.

  20. Feeding and stocking up: radio-labelled food reveals exchange patterns in ants.

    PubMed

    Buffin, Aurélie; Denis, Damien; Van Simaeys, Gaetan; Goldman, Serge; Deneubourg, Jean-Louis

    2009-06-17

    Food sharing is vital for a large number of species, either solitary or social, and is of particular importance within highly integrated societies, such as in colonial organisms and in social insects. Nevertheless, the mechanisms that govern the distribution of food inside a complex organizational system remain unknown. Using scintigraphy, a method developed for medical imaging, we were able to describe the dynamics of food-flow inside an ant colony. We monitored the sharing process of a radio-labelled sucrose solution inside a nest of Formica fusca. Our results show that, from the very first load that enters the nest, food present within the colony acts as negative feedback to entering food. After one hour of the experiments, 70% of the final harvest has already entered the nest. The total foraged quantity is almost four times smaller than the expected storage capacity. A finer study of the spatial distribution of food shows that although all ants have been fed rapidly (within 30 minutes), a small area representing on average 8% of the radioactive surface holds more than 25% of the stored food. Even in rather homogeneous nests, we observed a strong concentration of food in few workers. Examining the position of these workers inside the nest, we found heavily loaded ants in the centre of the aggregate. The position of the centre of this high-intensity radioactive surface remained stable for the three consecutive hours of the experiments. We demonstrate that the colony simultaneously managed to rapidly feed all workers (200 ants fed within 30 minutes) and build up food stocks to prevent food shortage, something that occurs rather often in changing environments. Though we expected the colony to forage to its maximum capacity, the flow of food entering the colony is finely tuned to the colony's needs. Indeed the food-flow decreases proportionally to the food that has already been harvested, liberating the work-force for other tasks.

  1. 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

    ... maximum order size accepted by Exchange systems to 25,000,000 shares. Background Currently, the maximum... Exchange Act Release No. 54820 (November 26 , 2006), 71 FR 70824 (December 6, 2006) (SR-NYSE-2006-65). In... that time, the Exchange intended to raise the maximum order size accepted by Exchange systems to...

  2. 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,...

  3. 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

    ... interest in the Company. In addition, the Exchange, through its wholly-owned subsidiary NYSE Market, Inc... the Exchange, and BIDS's affiliation with ] the New York Block Exchange LLC, an affiliate of the... establishment of NYBX. \\5\\ See Securities Exchange Act Release No. 59281 (January 22, 2009), 74 FR 5014...

  4. 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

    ... affiliates from deriving any unfair informational advantage resulting from its affiliation with the Exchange... Exchange LLC, an affiliate of the Exchange. The text of the proposed rule change is available on the... Holdings each own a 50% economic interest in the Company. In addition, the Exchange, through its...

  5. 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 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 amending... Conforming Changes October 10, 2012. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934...

  6. 77 FR 40683 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-07-10

    ... Effectiveness of Proposed Rule Change Amending Certain Exchange Rules Related to Floor Official Duties and... The Exchange proposes to amend certain Exchange Rules related to Floor Official duties and... certain Exchange Rules pertaining to the duties and responsibilities of Floor Officials in the...

  7. 77 FR 74034 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-12-12

    ... Exchange.\\7\\ \\6\\ See footnote 4 in the Price List. \\7\\ For example, the Exchange is closed on Thanksgiving Day and closes early on the Friday immediately following Thanksgiving Day (e.g., Friday, November...

  8. 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...'') and/or in the New York Block Exchange \\SM\\ (``NYBX'' \\SM\\ or ``Facility'') (``NYBX IOC order'')....

  9. 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

    ...\\ 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) (SR-NYSE... Filing'').\\5\\ \\5\\ See Securities Exchange Act Release No. 62038 (May 5, 2010), 75 FR 26825 (May 12,...

  10. 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

    ... points to create the Levels' trigger points. The Exchange disseminates the new trigger levels quarterly... recalculated quarterly. See Securities Exchange Act Release No. 39846 (April 9, 1998), 63 FR 18477 (April 15... Release No. 67090 (May 31, 2012), 77 FR 33531 (June 6, 2012) (SR-NYSE-2011-48). The Exchange adopted...

  11. 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... Exchange Act Release Nos. 62884 (September 10, 2010), 75 FR 56618 (September 16, 2010) (File Nos. SR-BATS...-2010-08); and Securities Exchange Act Release No. 62883 (September 10, 2010), 75 FR 56608 (September...

  12. 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

    ... each own a 50% economic interest in the Company. In ] addition, the Exchange, through its wholly-owned... York Block Exchange LLC, an affiliate of the Exchange. There is no proposed rule text. II. Self... (January 22, 2009), 74 FR 5014 (January 28, 2009) (order approving SR-NYSE-2008- 120) (``Approval...

  13. 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...

  14. 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...

  15. 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...

  16. 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

    ... represents a buy order) or at the national best offer (``NBO'') (for an e-Quote that represents a sell order..., a pegging e-Quote to buy will display at the Exchange at $10.05, thus creating a new Exchange best... pegging e-Quote could peg to an NBB or NBO that is locking or crossing an existing Exchange best bid...

  17. 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

    ... Exchange Act Release Nos. 65735 (November 10, 2011), 76 FR 71405 (SR-NYSEAmex-2011-86) (``NYSE Amex Notice'') and 65736 (November 10, 2011), 76 FR 71399 (SR-NYSE-2011-56) (``NYSE Notice''). \\11\\ See Securities Exchange Act Release No. 66036, 76 FR 82011 (December 29, 2011). \\12\\ See Securities Exchange Act...

  18. 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...

  19. 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

    ...), 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 16, 2010) (SR-NSX-2010-17); and Securities Exchange Act Release No. 64213 (April 6, 2011), 76 FR 20409 (April 12, 2011) (SR-NSX-2011-04). As the Exchange noted in...

  20. 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...

  1. 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

    ... certain issuers. The text of the proposed rule change is available on the Exchange's Web site at www.nyse... rule change. The text of those statements may be examined at the places specified in Item IV below. The... from another U.S. exchange.\\3\\ \\3\\ See Securities Exchange Act Release No. 65127 (Aug. 12, 2011), 76...

  2. 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

    ...). \\10\\ See Securities Exchange Act Release No. 63895 (Feb. 11, 2011), 76 FR 9386 (Feb. 17, 2011) (SR... underlying orders. \\4\\ See Securities Exchange Act Release No. 56017 (July 5, 2007), 72 FR 38110 (July 12... Securities Exchange Act Release No. 56968 (Dec. 14, 2007), 72 FR 72432 (Dec. 20, 2007) (SR-NYSE-2007-114)....

  3. 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...

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

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-04-10

    ... cumulative volume for the security. \\4\\ See Securities Exchange Act Release No. 59606 (Mar. 19, 2009), 74 FR...\\ 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...

  6. 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...

  7. 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

    ... Accelerated Approval of a Proposed Rule Change To Eliminate the Validated Cross Trade Entry Functionality... rules to eliminate the Validated Cross Trade Entry Functionality for Exchange-registered Institutional... Broker to execute trades on the Exchange's trading facilities outside of the Exchange's Matching...

  8. 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

    ... the proposed rule change is available on the Exchange's Web site at www.nyse.com , at the principal... 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)...

  9. 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...

  10. 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...

  11. 77 FR 1759 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-01-11

    ... Securities Exchange Act Release No. 63057 (October 6, 2010), 75 FR 63232 (October 14, 2010) (SR-NYSE-2010-70.... See, e.g., Securities Exchange Act Release No. 64542 (May 25, 2011), 76 FR 31659 (June 1, 2011) (SR... and resources dedicated to gateway development, quality assurance, and support. The Exchange...

  12. 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

    ... data delivery services to their customers while the User is co-located in the Exchange's data center... hosting services to their customers (``Hosted Users'') at the Exchange's data center.\\7\\ ``Hosting'' would... categories of market participants to access the Exchange's co-location services. \\11\\ See Notice, 76 FR...

  13. 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

    ... and content of stock certificates are set forth in Section 501.01 of the Manual and those with respect... redemptions of listed securities to be either pro rata or by round lot. In lieu of those provisions, the..., Section 903.00, which provides a summary of the current contents of Sections 903.01 and 903.02, will...

  14. 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

    ... individual stock trading pause message has been received from the responsible single plan processor, the...\\ and furthers the objectives of Section 6(b)(5) in particular,\\5\\ in that it is designed to promote... designed to support the principles of Section 11A(a)(1) \\6\\ of the Act in that it seeks to assure...

  15. 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

  16. 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

    ...). \\2\\ 17 CFR 240.19b-4. \\3\\ See Securities Exchange Act Release No. 64522 (May 19, 2011); 76 FR 30418... on the Exchange. \\5\\ See Securities Exchange Act Release 55908 (June 14, 2007), 72 FR 34056 (June 20..., 2008) (SR-Amex-2008-62 and SR-NYSE-2008-60), 73 FR 57707 (October 3, 2008), and NYSE Rule 6A. Under...

  17. 26 CFR 1.1036-1 - Stock for stock of the same corporation.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 26 Internal Revenue 11 2010-04-01 2010-04-01 true Stock for stock of the same corporation. 1.1036...) INCOME TAX (CONTINUED) INCOME TAXES Common Nontaxable Exchanges § 1.1036-1 Stock for stock of the same corporation. (a) Section 1036 permits the exchange, without the recognition of gain or loss, of common...

  18. 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... Contra Party to Unresolved Account Balances in the Exchange's Online Comparison System July 16,...

  19. 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...

  20. 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... points in time prior to the transactions in question and use transaction prices at or immediately prior to the one or more specific points in time selected as the Reference Price. The Exchange will...

  1. 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... well as select one or more specific points in time prior to the transactions in question and use transaction prices at or immediately prior to the one or more specific points in time selected as...

  2. 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

    ... Designated Percentage is defined in proposed Rule 104(a)(1)(B)(iii). \\4\\ See Securities Exchange Act Release No. 62252 (June 10, 2010), 75 FR 34186 (June 16, 2010) (SR-NYSE-2010-39). See also Securities Exchange Act Release No. 62884 (September 10, 2010), 75 FR 56618 (September 16, 2010)...

  3. 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... present distinctions may tend to disappear in a national market system, but it is not the intention of...

  4. 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... kilowatts (``kWs'') of power.\\7\\ Consistent with existing pricing for dedicated cabinets, the Exchange would... $2,500 per eight-rack unit. The monthly recurring fee would be $1,500 for one kW of allocated...

  5. 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

    ... 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 FR... reduce the per share charge from $0.0030 to $0.0005 for all executions of Midpoint Pegging Orders...

  6. 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

    ... Trading Floor Due to the Unavailability of Exchange-Provided Cell Phones on September 11, 2013 September... due to the unavailability of Exchange-provided cell phones on September 11, 2013. The text of the... personal cell phones during the temporary suspension of Rule 36. On September 11, 2013, the...

  7. 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

    ... Unavailability of Exchange- Provided Cell Phones Beginning on October 10, 2013 Until the Earlier of When Cell... 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. The text...

  8. 75 FR 21071 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-04-22

    ...., (``NYFIX''). On November 30, 2009, NYFIX became an indirect wholly-owned subsidiary of the Exchange's... Exchange in connection with the acquisition of NYFIX, a Delaware corporation, by a wholly-owned subsidiary... advantages that could place such an affiliated broker-dealer at a competitive advantage in comparison...

  9. 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

    ... Company. In addition, the Exchange, through its wholly-owned subsidiary, NYSE Market, Inc., owns less than...\\ See Securities Act Exchange Release No. 61043 (November 20, 2009), 74 FR 62612. On January 22, 2009.... 59281 (January 22, 2009), 74 FR 5014 (January 28, 2009) (order approving SR-NYSE-2008- 120)...

  10. 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...

  11. 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... effective on the first day of the month following Commission approval of this proposal. 2. Statutory...

  12. 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

    ... internet issues. \\6\\ See Securities Exchange Act Release No. 68161 (Nov. 5, 2012), 77 FR 67704 (Nov. 12... are traded. \\5\\ See Securities Exchange Act Release No. 68137 (Nov. 1, 2012), 77 FR 66893 (Nov. 7... Manhattan vicinity, other services were not yet fully operational. Among other things, the...

  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

    ... Exchange Act Release Nos. 65735 (November 10, 2011), 76 FR 71405 (SR-NYSEAmex-2011-86) and 65736 (November 10, 2011), 76 FR 71399 (SR-NYSE-2011-56). On December 22, 2011, the Commission extended the time... Proposals. \\5\\ See Securities Exchange Act Release No. 66036, 76 FR 82011 (December 29, 2011)....

  14. 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

    ... Wholly-Owned Subsidiary of IntercontinentalExchange Group, Inc. August 15, 2013. I. Introduction On June... Euronext (``NYSE Euronext''), will become a wholly-owned subsidiary of IntercontinentalExchange Group, Inc... successor entity, NYSE Euronext Holdings LLC (``NYX Holdings''), will become a wholly- owned subsidiary...

  15. 76 FR 49513 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-10

    ... Shell Company August 4, 2011. Pursuant to Section 19(b)(1) \\1\\ of the Securities Exchange Act of 1934... list after consummation of a ``reverse merger'' with a shell company. The text of the proposed rule... requirements for operating companies that become Exchange Act reporting companies by combining with a...

  16. 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

    ... Effectiveness of Proposed Rule Change Amending Its Listed Company Manual To Apply Listing and Annual Fees to... Proposed Rule Change The Exchange proposes to amend the Listed Company Manual to include a fee that it... Manual. The text of the proposed rule change is available at the Exchange, the Commission's...

  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... $40,000 per month.\\7\\ Broadcasters will not be required to track the number of viewers. \\6\\...

  18. 75 FR 21094 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving Proposed Rule Change...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-04-22

    ... Release No. 61657 (March 5, 2010), 75 FR 11970. II. Description of the Proposal The Exchange proposes to... Securities Exchange Act Release No. 59996 (May 28, 2009), 74 FR 26912 (June 4, 2009) (SR-NYSE-2009-48) (the... Act Release No. 60911 (November 2, 2009), 74 FR 57730 (November 9, 2010) (SR-NYSE-2009-109). \\7\\...

  19. 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)...

  20. 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...

  1. 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)...

  2. 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,...

  3. 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...

  4. 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... NMS Rule 611--Compliant Tool for Floor Brokers September 10, 2012. I. Introduction On July 13, 2012... compliance with Rule 611 of Regulation NMS (``Rule 611'').\\5\\ The Exchange contends that, in today's...

  5. 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... proposes to amend the text of Section 907.00 to refer to ``non-U.S. companies'' rather than...

  6. 77 FR 70868 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-27

    ... Manual. The text of the proposed rule change is available on the Exchange's Web site at www.nyse.com , at... rule change. The text of those statements may be examined at the places specified in Item IV below. The... position on its Web site. The proposed rule text provides that the Exchange will promptly update...

  7. 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

    ... text of the proposed rule change is available on the Exchange's Web site at www.nyse.com , at the... change. The text of those statements may be examined at the places specified in Item IV below. The... appropriate. Additionally, the Exchange proposes to amend certain text of Section 902.03 to account for...

  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. 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

    ... communication system--either a web portal or email address--specified by the Exchange in a prominent position on its Web site.\\5\\ Should the Exchange ever change the web-based communication system it uses to receive... whether notices provided through a web- based communication system constitute ``written'' notices. \\5\\...

  10. 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)...

  11. 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

    ....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 uses... Rule 104. \\8\\ See Securities Exchange Act Release No. 58845 (October 24, 2008), 73 FR 64379 (October...

  12. 77 FR 11181 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-02-24

    ... Securities Exchange Act Release No. 58549 (September 15, 2008), 73 FR 54444 (September 19, 2008) (SR-NYSE...), 50 FR 5025 (February 5, 1985). It has been amended numerous times since its adoption. Proposed Non..., 2008), 73 FR 64379 (October 29, 2008) (SR-NYSE-2008-46). More generally, although the Exchange...

  13. 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

    .... See Securities Exchange Act Release No. 45112 (November 28, 2001), 66 FR 63086 (December 4, 2001) (SR-NYSE-2001- 47). \\6\\ See Securities Exchange Act Release No. 67247 (June 25, 2012), 77 FR 38866 (June 29..., fingerprint card and a combined payment of fees to FINRA. Through the CRD system, FINRA maintains...

  14. 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.... regulated subsidiaries to (i) foster cooperation and coordination with persons engaging in regulating...-54), 70 FR 9688. Furthermore, the Exchange believes that the objectivity of Board members...

  15. 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

    ... implement the fee changes on July 1, 2013.\\4\\ \\3\\ The Exchange has a Common Customer Gateway (``CCG'') that... Release No. 64542 (May 25, 2011), 76 FR 31659 (June 1, 2011) (SR-NYSE-2011-13). All NYSE member.... See Securities Exchange Act Release No. 68229 (November 14, 2012), 77 FR 69688 (November 20, 2012)...

  16. 78 FR 48526 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-08

    ... Designated Market Maker. \\6\\ See Securities Exchange Act Release No. 68021 (October 9, 2012), 77 FR 63406.... 69926 (July 3, 2013), 78 FR 41154 (SR-NYSEArca-2013-67). The Exchange notes that the proposed change is... facilities and does not unfairly discriminate between customers, issuers, brokers or dealers. \\8\\ 15...

  17. 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

    ... 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 quantitative... for, the Proposed Rule Change 1. Purpose The Exchange proposes to harmonize the quantitative...

  18. 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... the Securities Exchange Act of 1934 (the ``Act'') \\1\\ and Rule 19b-4 thereunder,\\2\\ notice is hereby... the ability to promote efficiency by facilitating the price discovery process and...

  19. 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

    ... Exchange will immediately notify the single plan processor responsible for consolidation of information for... plan processor, the Exchange may resume trading in such security. The proposed rule would apply to... investors and the public interest. The proposed rule change also is designed to support the principles...

  20. 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...

  1. 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...

  2. 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... via Order Delivery mode) that are resting on the NSX Book \\5\\ in accordance with the process described...\\ Exchange Rule 1.5 defines ``NSX Book'' as ``the System's electronic fie of orders.'' \\6\\ See NSX Rule...

  3. 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...

  4. 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

    ... (October 6, 2010), 75 FR 63232 (October 14, 2010) (SR-NYSE-2010-70) (the port fee ``Adopting Release''). 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)....

  5. 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... Triggering Transaction that Another Exchange or a Self-Regulatory Organization Has Determined Was a...

  6. 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

    .... \\3\\ See Securities Exchange Act Release No. 64506 (May 17, 2011), 76 FR 29806 (``Notice''). \\4\\ See... those letters. \\6\\ See Securities Exchange Act Release No. 64809 (July 5, 2011), 76 FR 40758 (July 11... public offering price. \\7\\ See e-mail from Theodore Lazo, General Counsel, NYSE to Sharon Lawson,...

  7. 78 FR 1288 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-08

    ... 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 (October 7, 2009) (SR-NYSE-2009-100) (extending Pilot to November 30, 2009); 61031 (November 19, 2009), 74 FR...

  8. 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

    ... interest in the Company. In addition, the Exchange, through its wholly-owned subsidiary NYSE Market, Inc... established by means of a joint venture between the Exchange and BIDS Holdings.\\3\\ The governance structure... (January 22, 2009), 74 FR 5014 (January 28, 2009) (SR-NYSE-2008-120) (the ``Approval Order'')....

  9. 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...

  10. 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...

  11. 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... Release No. 58680 (September 29, 2008), 73 FR 58283 (October 6, 2008) (SR-NYSE-2008-76). \\7\\...

  12. 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

    ... Exchange Act Release No. 66963 (May 10, 2012), 77 FR 28919 (May 16, 2012) (SR-NYSEArca-2012-22). \\21\\ For... 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...

  13. 75 FR 1104 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-01-08

    .... \\3\\ See Securities Exchange Act Release No. 55590 (April 5, 2007), 72 FR 18707 (April 13, 2007.... 58680 (September 29, 2008), 73 FR 58283 (October 6, 2008) (order approving SR-NYSE-2008-76). \\4\\ See Securities Exchange Act Release No. 53238 (July 28, 2006), 71 FR 44758 (August 7, 2006) (order approving...

  14. 75 FR 55391 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-09-10

    ... (April 5, 2007), 72 FR 18707 (April 13, 2007) (notice of immediate effectiveness of SR-NYSE-2007-29); see also, Securities and Exchange Act Release No. 58680 (September 29, 2008), 73 FR 58283 (October 6, 2008... FR 44758 (August 7, 2006) (order approving SR-NYSEArca- 2006-13); see also, Securities Exchange...

  15. 75 FR 17814 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-04-07

    .... \\3\\ See Securities Exchange Act Release No. 55590 (April 5, 2007), 72 FR 18707 (April 13, 2007.... 58680 (September 29, 2008), 73 FR 58283 (October 6, 2008) (order approving SR-NYSE-2008-76). \\4\\ See Securities Exchange Act Release No. 53238 (July 28, 2006), 71 FR 44758 (August 7, 2006) (order approving...

  16. 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)...

  17. 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...

  18. 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...

  19. 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...

  20. 75 FR 15476 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-03-29

    ...), 70 FR 37496 (June 29, 2005). Finally, the Exchange seeks to delete all references in the rule text to...\\ See Securities Exchange Act Release No. 58845 (October 24, 2008), 73 FR 64379 (October 29, 2008) (SR... transaction shall be consistent with all NYSE Rules, including those rules related to priority and...

  1. 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

    ...\\ 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...

  2. 77 FR 63370 - Self-Regulatory Organizations; Chicago Stock Exchange, Inc.; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-10-16

    ... (Removal of Securities) and Rule 19 (Corporate Governance) to comport with Section 10(C) of the Exchange... Securities) and Rule 19 (Corporate Governance) to comport with Section 10(C) of the Exchange Act \\7\\ and Rule... (Removal of Securities) and Rule 19 (Corporate Governance) to establish listing standards that require...

  3. 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 No. S7-24-89) (Order Approving Amendment No. 30 to the Joint Self-Regulatory Organization...

  4. 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

    ... on the Exchange. \\6\\ See Securities Exchange Act Release 55908 (June 14, 2007), 72 FR 34056 (June 20...-2008-62 and SR-NYSE-2008-60), 73 FR 57707 (October 3, 2008), and NYSE Rule 6A. Under the proposed rule... Their Approved Booth Premises in Certain OTC Bulletin Board and OTC Markets Securities May 19,...

  5. 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

    ...\\ 17 CFR 240.19b-4. \\3\\ See Securities Exchange Act Release No. 69427 (April 23, 2013), 78 FR 25118. On... Trading Floor Functions That May Be Performed by Designated Market Makers, To Make Exchange Systems... Governing the Ability of DMMs To Provide Market Information to Floor Brokers, and To Make...

  6. 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

    ....com , at the principal office of the Exchange, and at the Commission's Public Reference Room. II. Self... 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...

  7. 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

    ... is available on the Exchange's Web site at www.nyse.com , at the principal office of the Exchange... Release No. 68021 (Oct. 9, 2012), 77 FR 63406, 63407 n.9 (Oct. 16, 2012) (SR-NYSE-2012-50). Trading... modification to the annual trading license fees will help to remove a burden on competition by making it...

  8. 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)...

  9. 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

    ... 240.19b-4. \\3\\ Securities Exchange Act Release No. 66821 (April 17, 2012), 77 FR 24239 (``Notice... participants.\\5\\ \\4\\ See Securities Exchange Act Release No. 58877 (October 29, 2008), 73 FR 65904 (November 5.... 5, 2010), 75 FR 69484 (Nov. 12, 2010) (SR-BATS-2010-025; SR-BX-2010-66; SR-CBOE-2010-087;...

  10. 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

    ...\\ See Securities Exchange Act Release No. 56148 (July 26, 2007), 72 FR 42146 (August 1, 2007) (File No... 22, 2010), 75 FR 36729 (June 28, 2010) (SR-NYSE-2010-46). To facilitate FINRA's performance of these... Exchange Act Release No. 58549 (September 15, 2008), 73 FR 54444 (September 19, 2008) (SR-NYSE-...

  11. 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

    ... market data products through either the Exchange's Liquidity Center Network (``LCN''), a local area network available in the data center, or the Exchange's Secure Financial Transaction Infrastructure (``SFTI'') network, to which all co-location users have access. Access is available in either one or...

  12. 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...

  13. 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)...

  14. 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...

  15. 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.

  16. Trading network predicts stock price.

    PubMed

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

    2014-01-16

    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.

  17. 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

    ... of extreme order imbalances at the close. \\6\\ See e-mail from Clare F. Saperstein, Vice President... Exchange believes that this rule proposal would not require technical programming and/or modification...

  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... Making Related Technical and Conforming Changes July 29, 2011. Pursuant to Section 19(b)(1) \\1\\ of...

  19. 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...

  20. 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...

  1. 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... Exchange, such as General Electric, DOW Chemical, Goldman Sachs and Caterpillar, that involve issuances...

  2. 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

    ... Securities Exchange Act Release No. 59626 (March 25, 2009), 74 FR 14831 (April 1, 2009) (SR-NYSE-2009-33... evolution of the market probe response that Floor brokers have always been entitled to receive and...

  3. 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

    ... lot rate. \\8\\ See Securities Exchange Act Release No. 62578 (July 27, 2010), 75 FR 45185 (August 2... Commitment Schedule; and (iii) when executing trades in the crowd and at Liquidity Replenishment...

  4. 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..., dated November 28, 2011, J. Fournier, dated November 28, 2011; Ullrich Fischer, CTO, PairCo,...

  5. 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

    ... as described in Items I, II and III below, which Items have been prepared by the Exchange. The CHX.... 78s(b)(1). \\2\\ 17 CFR 240.19b-4. \\3\\ 15 U.S.C. 78s(b)(3)(A). \\4\\ 17 CFR 240.19b-4(f)(2). I. Self... triplicate to Elizabeth M. Murphy, Secretary, Securities and Exchange Commission, 100 F Street,...

  6. 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.

  7. 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.

  8. 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...

  9. 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... basis as agency orders will enable more retail customers to benefit from the enhanced price competition... principles of trade, to remove impediments to and perfect the mechanism of a free and open market and...

  10. 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

    ... Securities Exchange Act Release No. 58857 (Oct. 24, 2008), 73 FR 65435 (Nov. 3, 2008) (SR-NYSE-2008-52... opportunity to participate in the allocation process, which will lead to an increase in competition without... the increase in competition will provide DMM units with a greater incentive to perform...

  11. 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...

  12. 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...

  13. 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)...

  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

    ...), as well as select one or more specific points in time prior to the transactions in question and use transaction prices at or immediately prior to the one or more specific points in time selected as the... securities included in the S&P 500 Index. \\4\\ See Securities Exchange Act Release No. 62252 (June 10,...

  15. 77 FR 2589 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-01-18

    ... discretion to deviate from Numerical Guidelines set forth in the Rule in the event of system disruptions or... (September 10, 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...

  16. 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

    ... 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 allow... risk management tools designed to allow member organizations to monitor and address exposure to...

  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. 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... Daniel Buenza, Lecturer in Management, London School of Economics and Yuval Millo, Professor of...

  19. 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

    ... commitments in the firm quote rule citation. Article 12, Rule 8(h)(ii)(11). \\9\\ Any violations of this... Exchange Act Release No. 54550 (September 29, 2006), 71 FR 59563 (October 10, 2006) (approving CHX's... ITS commitments in connection with the firm quote rule. \\13\\ See, e.g., Limit order display...

  20. 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

    ... Effectiveness of Proposed Rule Change Amending Rule 13 to Expand the Availability of Self-Trade Prevention... Rule Change The Exchange proposes to amend Rule 13 to expand the availability of self-trade prevention... availability of STP modifiers functionality to additional order types.\\4\\ STP modifiers are designed to...

  1. 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...

  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

    ...-109) and 55216 (January 31, 2007), 72 FR 5779 (February 7, 2007). Proposed NYSE Rule 9000 Series The....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...

  3. 77 FR 66893 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-07

    ... telephone and cell phone service, neither the wired or wireless telephone connections on the Trading Floor... provided portable phones is governed by Rule 36.21. Because of intermittent cell phone service, many... the Exchange authorized and provided portable phones. In certain instances, however, the personal...

  4. 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

    ..., through its wholly-owned subsidiary NYSE Market, Inc., owns less than 10% of the aggregate limited... Act Release No. 59281 (January 22, 2009), 74 FR 5014 (January 28, 2009) (order approving SR-NYSE-2008... organization. Second, BIDS Trading is an affiliate of an affiliate of the Exchange,\\5\\ which violates...

  5. 77 FR 69528 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-11-19

    ... (``Short Sale Price Test''). Among other things, Rule 201 requires trading centers to establish, maintain... funds, and various indices, among other things. Accordingly, on November 12, 2012, the Exchange needed... whether a Short Sale Price Test has been triggered for a covered security. Among other things, Rule...

  6. 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);...

  7. 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.... 66003, 76 FR 80445 (December 23, 2011). \\7\\ 17 CFR 242.612(c). \\8\\ The Exchanges amended the exemptive...-66346, 77 FR 7628 (February 13, 2012) (``Order Instituting Proceedings''). \\12\\ See id. The...

  8. 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

    ... Bylaws of the Exchange's wholly owned subsidiary, NYSE Market, Inc.\\13\\ \\11\\ See Notice, 78 FR at 30379... Proposing an Amendment to the Bylaws of Its Wholly-Owned Subsidiary, NYSE Regulation, Inc. (``NYSE...\\ and Rule 19b-4 thereunder,\\2\\ a proposed rule change to amend the bylaws of its...

  9. 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

    ... intended that `competitive forces should dictate the services and practices that constitute the U.S... 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)...

  10. 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...

  11. 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...

  12. 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...

  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. 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...

  15. 77 FR 20870 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving a Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-04-06

    ... CFR 240.19b-4. \\4\\ See Securities Exchange Act Release No. 66462 (February 24, 2012), 77 FR 12626.... 78f(b)(5). \\7\\ Notice, 77 FR at 12628. \\8\\ Id. The Commission has reviewed the record for the proposed... Process for Approved Persons, and Making Related Technical and Conforming Changes April 2, 2012....

  16. 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..., including approval by the Commission of the instant rule filing. The post-closing corporate structure of NSX... formal requirements set forth in the Purchase Agreement and include, without limitation, delivery...

  17. 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

    ... Exchange Act Release No. 61125 (December 7, 2009), 74 FR 66182 (December 14, 2009) (SR-NYSE- 2009-122). The... Effectiveness of Proposed Rule Change Amending NYSE Rules 116 and 123C To Allow More Than One Closing Print To... Expiration Procedures) to allow on a temporary basis more than one closing print to be reported to...

  18. 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... selling interest and to ensure that market participants have an opportunity to become aware of and respond... derivative products, such as the E-Mini and SPY, will allow for a better cross-market measure of...

  19. 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...

  20. 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...

  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. 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),...

  4. 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...

  5. 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

    ... 22 concerning corporate governance requirements for companies listed on the Exchange: Rule 2, ``Admittance to Listing;'' Rule 19(d), ``Corporate Governance--Compensation Committee;'' and Rule 19(p)(3), ``Corporate Governance--Definitions-- Independent Director.'' In addition, CHX proposes to make some...

  6. 75 FR 10855 - Self-Regulatory Organizations; New York Stock Exchange, LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-03-09

    ... Exchange Release No. 59965 (May 21, 2009), 74 FR 25783 (May 29, 2009) (SR-NYSE-2009-25). However, in... Release No. 58549 (Sept. 15, 2008), 73 FR 54444 (Sept. 19, 2008) (SR-NYSE-2008-80) (deleting the term... Failing To Observe High Standards of Commercial Honor and Just and Equitable Principles of Trade March...

  7. 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...

  8. 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....

  9. 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

    ... Effectiveness of Proposed Rule Change Modifying the Content of the NYSE Trades Digital Media Data Feed July 30... proposes to revise the description of the NYSE Trades Digital Media data feed. The text of the proposed.... Purpose The Exchange proposes to revise the description of the NYSE Trades Digital Media data feed....

  10. 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...

  11. 76 FR 82340 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-30

    ...), 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...

  12. 76 FR 617 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-01-05

    ... (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 (October 7, 2009) (SR-NYSE-2009-100) (extending Pilot to November 30, 2009); 61031 (November 19, 2009), 74 FR 62368 (November 27, 2009)...

  13. 76 FR 12774 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-03-08

    ... No. 55590 (April 5, 2007), 72 FR 18707 (April 13, 2007) (notice of immediate effectiveness of SR-NYSE-2007-29); see also Securities and Exchange Act Release No. 58680 (September 29, 2008), 73 FR 58283... (July 28, 2006), 71 FR 44758 (August 7, 2006) (order approving SR-NYSE-2006- 13); see also...

  14. 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... Between NYSE Euronext and Deutsche B rse AG Will Not Become Effective March 26, 2012. Pursuant to...

  15. 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\\...

  16. 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

    ...). \\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 (SR-NYSEMKT... FR 77160 (December 31, 2012) (SR-NYSE-2012-57); Release No. 68521, 77 FR 77152...

  17. 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

    ... 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 (SR-NYSEMKT-2012-58) (``NYSE MKT Notice''). On December.... 68522, 77 FR 77160 (December 31, 2012) (SR-NYSE-2012-57); Release No. 68521, 77 FR 77152...

  18. 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...

  19. 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

    ... 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 (October 7, 2009) (SR-NYSE-2009-100) (extending Pilot to November 30, 2009); 61031 (November 19, 2009), 74 FR 62368 (November 27, 2009)...

  20. 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

    ... any other location, and the use of cell phones, Blackberrys, and similar devices by DMM's while on the... 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...

  1. 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, Managing Director and Associate General Counsel, Securities Industry and Financial Markets...

  2. 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...

  3. 78 FR 73905 - Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving Proposed Rule Change...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-09

    ... corporate governance tools and advisory services (the ``Enhanced Package''), which the Exchange states has a commercial value of approximately $45,000 annually, and corporate governance tools (the ``Basic Package... tools will provide generic, easily implemented corporate governance advice and/or educational tools...

  4. 78 FR 62889 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-10-22

    .... Specifically, the Exchange proposes to include corporate governance tools and advisory services with a commercial value of approximately $45,000 annually (the ``Enhanced Package''), corporate governance tools... boards of directors of listed companies are eager to understand corporate governance best practices...

  5. 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

    ... to vote on the election of directors. Under the Corporation's corporate governance guidelines...). \\2\\ 17 CFR 240.19b-4. \\3\\ See Securities Exchange Act Release No. 61694 (March 11, 2010), 75 FR 13170... to tender his or her resignation to the Nominating and Governance Committee of the Board (or...

  6. 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...

  7. 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

    ...), 74 FR 64797 (hereinafter referred to as ``Notice''). II. Description of the Proposal The Exchange... Amending Its Listing Fees for Structured Products January 12, 2010. I. Introduction On November 19, 2009...\\ and Rule 19b-4 thereunder,\\2\\ a proposed rule change ] amending its maximum fee for...

  8. 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

    ..., 2008), 73 FR 57707 (October 3, 2008) (SR-NYSE-2008-60 and SR-Amex- 2008-62) (order approving the Merger). \\5\\ See Securities Exchange Act Release No. 58705 (October 1, 2008), 73 FR 58995 (October 8, 2008... No. 59472 (February 27, 2009), 74 FR 9843 (March 6, 2009) (SR-NYSEALTR-2008-14) (order approving...

  9. 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...

  10. 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,...

  11. 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

    ... (November 10, 2011), 76 FR 71405 (SR-NYSEAmex-2011-86) (``NYSE Amex Notice'') and 65736 (November 10, 2011), 76 FR 71399 (SR-NYSE-2011-56) (``NYSE Notice''). \\5\\ See Securities Exchange Act Release No. 66036, 76 FR 82011 (December 29, 2011). On February 15, 2012, the Commission instituted proceedings...

  12. 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...

  13. 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... ``NYSE MKT'' Reflecting the Recent Name Change of NYSE Amex LLC to NYSE MKT LLC September 7, 2012... to ``NYSE Amex'' with ``NYSE MKT'' to reflect the recent name change of NYSE Amex LLC to NYSE MKT...

  14. 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...

  15. 76 FR 44390 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-25

    ... information to NYSE Regulation with its application: (A) A description of the mathematical models to be used.... 58845 (October 24, 2008), 74 FR 64379 (October 29, 2008) (SR-NYSE- 2008-46). \\9\\ See Securities Exchange Act Release No. 54205 (July 25, 2006); 71 FR 43260 (July 31, 2006) (SR-NYSE-2005-38)...

  16. 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

    ... change in accounting methods or policies as to depreciation and depletion, or in bases of valuation of... 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...

  17. 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...

  18. 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...

  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

    ...-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange... Company may list if it has filed all required reports since the consummation of the Reverse Merger... Section 102.01F to provide that a Reverse Merger Company may list if, as of the date......

  20. 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

    ... 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 comment...). \\2\\ 17 CFR 240.19b-4. \\3\\ See Securities Exchange Act Release No. 68807 (February 1, 2013), 78...

  1. 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

    ... (``LCN''), a local area network available in the data center.\\6\\ Co-located Users have the option of..., to which all Users have access. Because it operates as a local area network within the data center... Exchange Act Release No. 62732 (Aug 16, 2010), 75 FR 51512 (``Notice''). In its proposal, NYSE proposed...

  2. 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

    ... management, order routing and market data delivery services to their customers while the User is co-located... services to their customers (``Hosted Users'') at the Exchange's data center. ``Hosting'' would be a... Change Expanding the Scope of Potential ``Users'' of Its Co-Location Services To Include Any...

  3. 78 FR 7824 - Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-02-04

    ... definition of ``Retail Order.'' The Exchange further understands that limitations in order management systems... Change Amending the Attestation Requirement of Rule 107C To Allow a Retail Member Organization To Attest That ``Substantially All'' Orders Submitted To The Retail Liquidity Program Will Qualify As...

  4. 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

    ... Effectiveness of Proposed Rule Change Amending Its Price List To Provide Relief for Floor Brokers From the... with the Securities and Exchange Commission (``Commission'') the proposed rule change as described in... notice to solicit comments on the proposed rule change from interested persons. \\1\\ 15 U.S.C....

  5. 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, Inc.;...

  6. 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...

  7. 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... equilibrium between buying and selling interest and to ensure that market participants have an opportunity to..., 1998), 63 FR 18477 (April 15, 1998) (SR-NYSE-98-06, SR-Amex-98-09, SR-BSE-98-06, SR-CHX-98-08,...

  8. 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...

  9. 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

    ... 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...

  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

    ... Securities Exchange Act Release Nos. 67185 (June 12, 2011), 77 FR 36321 (SR-NYSE-2012-17); 67186 (June 12, 2012), 77 FR 36307 (SR-NYSEArca-2012-59); 67184 (June 12, 2012), 77 FR 36324 (SR- NYSEMKT-2012-07). The...; SR-ISE-2011- 69; SR-NYSE-2011-51; SR-NYSEAmex-2011-78; SR-NYSEArca-2011-72), 77 FR 3297 (January...

  11. 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

    ... Exchange Act of 1934 (``Act''),\\1\\ and Rule 19b-4 thereunder,\\2\\ notice is hereby given that on March 1... comments on the proposed rule change from interested persons. \\1\\ 15 U.S.C. 78s(b)(1). \\2\\ 17 CFR 240.19b-4...: Member organizations currently receive a credit of $0.0015 per-share per-transaction that adds...

  12. 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

  13. 26 CFR 1.1036-1 - Stock for stock of the same corporation.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... 26 Internal Revenue 11 2011-04-01 2011-04-01 false Stock for stock of the same corporation. 1.1036-1 Section 1.1036-1 Internal Revenue INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) INCOME TAX (CONTINUED) INCOME TAXES (CONTINUED) Common Nontaxable Exchanges § 1.1036-1 Stock for stock of the same corporation. (a) Section...

  14. 75 FR 52558 - Self-Regulatory Organizations; BATS Exchange, Inc.; Chicago Board Options Exchange, Incorporated...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-08-26

    ... contained a typographical error in the signature block. In the Federal Register of August 18, 2010, in 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, Inc.;...

  15. 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

  16. 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."

  17. 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...) other than the one described in subparagraph (C) thereof, relating to the gross receipts test. (2)...

  18. Occupational safety and health aspects of corporate social responsibility (CSR) in Japanese companies listed on the Tokyo Stock Exchange (TSE) first section.

    PubMed

    Kawashita, Futoshi; Taniyama, Yukari; Hwi, Song You; Fujisaki, Takeshi; Kameda, Takashi; Mori, Koji

    2005-11-01

    Recently, corporate social responsibility (CSR) is becoming widely recognized as an issue for Japanese companies. Corporate responsibility for employees is considered important by various stakeholders, and occupational safety and health is regarded as one of these responsibilities. The present authors examined this issue from the viewpoint of corporate management by analysis of statements found in CSR-related reports. For companies listed on the First Section of the Tokyo Stock Exchange (TSE), we searched for CSR-related reports, and titles and contents, based on two established guidelines: the GRI Sustainability Reporting Guidelines 2002 as the international reference and the Environmental Reporting Guidelines of the Ministry of the Environment, Government of Japan, as the domestic reference. Corporations that published CSR reports were 26.3% (416/1,581) of the total, and large differences were recognized by type of industry. Comparing the numbers of pages for various contents, more concern was shown about the environment than about social activity, indicating the environment to be the main issue of CSR in Japan. In the items included in the guidelines, many matters about occupational accidents were mentioned, but it was found that statements regarding HIV/AIDS, which is not of such strong social concern in Japan, and statements regarding the costs of safety that are difficult to calculate were few. However, statements regarding mental health, which is of high interest socially, were many, even though this issue is not included in the two guidelines used. In revising the guidelines, these matters should be reviewed. In the future, continuance of analysis of CSR-related reports with regard to changes and comparisons with overseas reports will help improve occupational safety and health. PMID:16369117

  19. Occupational safety and health aspects of corporate social responsibility (CSR) in Japanese companies listed on the Tokyo Stock Exchange (TSE) first section.

    PubMed

    Kawashita, Futoshi; Taniyama, Yukari; Hwi, Song You; Fujisaki, Takeshi; Kameda, Takashi; Mori, Koji

    2005-11-01

    Recently, corporate social responsibility (CSR) is becoming widely recognized as an issue for Japanese companies. Corporate responsibility for employees is considered important by various stakeholders, and occupational safety and health is regarded as one of these responsibilities. The present authors examined this issue from the viewpoint of corporate management by analysis of statements found in CSR-related reports. For companies listed on the First Section of the Tokyo Stock Exchange (TSE), we searched for CSR-related reports, and titles and contents, based on two established guidelines: the GRI Sustainability Reporting Guidelines 2002 as the international reference and the Environmental Reporting Guidelines of the Ministry of the Environment, Government of Japan, as the domestic reference. Corporations that published CSR reports were 26.3% (416/1,581) of the total, and large differences were recognized by type of industry. Comparing the numbers of pages for various contents, more concern was shown about the environment than about social activity, indicating the environment to be the main issue of CSR in Japan. In the items included in the guidelines, many matters about occupational accidents were mentioned, but it was found that statements regarding HIV/AIDS, which is not of such strong social concern in Japan, and statements regarding the costs of safety that are difficult to calculate were few. However, statements regarding mental health, which is of high interest socially, were many, even though this issue is not included in the two guidelines used. In revising the guidelines, these matters should be reviewed. In the future, continuance of analysis of CSR-related reports with regard to changes and comparisons with overseas reports will help improve occupational safety and health.

  20. Evolution in intergenerational exchanges between elderly people and their grandchildren in Taiwan; data from a multiple round cross-sectional study from 1993 to 2007

    PubMed Central

    2011-01-01

    Background This study aimed to evaluate social evolution in Taiwan in recent decades using the changing pattern of care provided by grandparents for their grandchildren as an indicator. Methods Data from the second, fourth and sixth wave surveys of the Study of Health and Living Status of the Middle-Aged and Elderly in Taiwan were used for the analysis. This survey collected individual characteristics, including age, gender, education, ethnicity, dwelling place, living with partners, co-resident with children, employment status, self-reported health status and their provision of care for their grandchildren. Information about the attitudes toward National Health Insurance (NHI) was further collected in a questionnaire of 1999 following the implementation of NHI in 1995. By elders, we mean persons 60 or more years old. By grandchildren, we mean persons under 16 years of age. First, changes in individual characteristics were compared during these study periods (chi-square test). Then the logistic regression was performed to determine how significantly elders' grandchild-care behavior was associated with their individual characteristics. Results The percentage of elders providing grandchild care increased from 7.7% in 1993 to 13.6% in 1999, and then to 19.4% in 2007. By analysis, significant association was found between behavior in taking care of grandchildren and individuals of lower age, grandmothers, those living with partners or co-residing with children, those unemployed and those with better self-reported health status. And the effect of year was confirmed in the multivariable analysis. Conclusions This study pointed out the changing pattern of elders' behavior in taking care of their grandchildren as the main indicator and their related individual characteristics. We argue the need for improving social security policies in an ageing society. We suggest that the interaction between population policies and those of social welfare, including policies for health

  1. 76 FR 56838 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated: Notice of Filing and...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-14

    ... to other U.S. options exchanges and stock orders to other U.S. stock exchanges (``away-market routing... of, other options and/or stock exchanges. If a TPH sends an order from the PULSe workstation, the... other U.S. stock exchanges through a PULSe Routing Intermediary.\\7\\ The Exchange also notes that it...

  2. 76 FR 72492 - Self-Regulatory Organizations; BATS Exchange, Inc.; BATS Y-Exchange, Inc.; NASDAQ OMX BX, Inc...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-11-23

    ... Industry and Financial Markets Association, dated October 27, 2011; Letter to Commission, from James J... Stock Exchange, Inc.; EDGA Exchange, Inc.; EDGX Exchange, Inc.; Financial Industry Regulatory Authority, Inc.; International Securities Exchange LLC; The NASDAQ Stock Market LLC; New York Stock Exchange...

  3. Marine Educational and Research Cruise in Taiwan

    NASA Astrophysics Data System (ADS)

    Lee, C.; Lallemand, S.; Wu, F. T.

    2009-12-01

    During April 2009, we conducted a seismic and ocean bottom seismometer (OBS) cruise as part of the Taiwan mountain building process study, called the TAIGER. The seismic is shot by the US Columbia University’s research vessel Langseth and the OBSs, including Taiwan, French and American OBSs, are carried out by a Taiwanese student training ship, called Yu-Yin (means to educate the young people) No. 2. Both ships take a big number of research scientists and technical staff (15-25 people) to conduct the seismic and OBS survey. In addition, the Yu-Yin No. 2 ship hosts a total of 25 students, both MS and PhD graduate students, from Taiwan, France and USA. The student group consists of 13 from the National Taiwan Ocean University (Taiwan), 1 from the National Central University (Taiwan), 9 from the Montpellier University (France) and 2 from the New York State University. Nearly all the French and American students are on their very first trip to Taiwan. The research activities will be reported in the T25 Tectonophysics Section. This paper only deals with the educational events. The cruise includes two parts: the first mainly to deploy the OBSs and the second to retrieve the OBSs back to the ship. In addition, the French group arranges a field geological trip onshore Taiwan to put into their hands of the actions of Taiwan mountain building processes. The marine educational courses are filled in the daily ship time at 4 hours per day. As a result, we believe that we have achieved the followings: (1) mix the students and encourage a lovely study environment, (2) mix the teachers and enhance their teaching spectrum, (3) stay in a live and work together boat, allowing more and wider culture exchange. In the future, we certainly will use every possible opportunity to promote more Marine Educational and Research Cruises.

  4. The Stock Market Game: A Simulation of Stock Market Trading. Grades 5-8.

    ERIC Educational Resources Information Center

    Draze, Dianne

    This guide to a unit on a simulation game about the stock market contains an instructional text and two separate simulations. Through directed lessons and reproducible worksheets, the unit teaches students about business ownership, stock exchanges, benchmarks, commissions, why prices change, the logistics of buying and selling stocks, and how to…

  5. Can stock enhancement enhance stocks?

    NASA Astrophysics Data System (ADS)

    Støttrup, J. G.; Sparrevohn, C. R.

    2007-02-01

    Successful stock enhancement or restocking requires a thorough understanding of the ecological processes that provide a potential for stocking within different ecosystems, i.e. determine which factors define the potential for stocking, such as population dynamics, economic cost-benefits, fisheries management and socio-economic impacts. Stocking is not simply a question of aquaculture logistics (i.e. the ability to produce a sufficient number of fry relative to the magnitude of the natural recruitment within the system), nor should it be a new outlet for aquaculture production. Quantitative targets should be set and the expected performance of the stocking tested. Potential loopholes, such as post-release mortality and habitat requirements related to the release, should be examined and resolved. If properly managed, stocking may lead to an increase in population, contribute to the local fishery and/or lead to an increase in the spawning stock biomass. The criteria for stocking are discussed in this paper using examples from flatfish and cod stocking programmes within specific ecosystems.

  6. The Workforce Education and Development in Taiwan

    ERIC Educational Resources Information Center

    Lee, Lung-Sheng

    2012-01-01

    Workforce education and development (WED) can be broadly defined as those formal, informal and nonformal activities that prepare people for work. In Taiwan, it includes technological and vocational education (TVE), human resource development (HRD), public vocational training and adult education. In order to promote information exchanges and…

  7. 26 CFR 1.306-3 - Section 306 stock defined.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... relates to section 355) provided the effect of the transaction is substantially the same as the receipt of... different from the preferred stock previously held. Unless the preferred stock exchanged was itself...

  8. Market Reactions to Publicly Announced Privacy and Security Breaches Suffered by Companies Listed on the United States Stock Exchanges: A Comparative Empirical Investigation

    ERIC Educational Resources Information Center

    Coronado, Adolfo S.

    2012-01-01

    Using a sample of security and privacy breaches the present research examines the comparative announcement impact between the two types of events. The first part of the dissertation analyzes the impact of publicly announced security and privacy breaches on abnormal stock returns, the change in firm risk, and abnormal trading volume are measured.…

  9. What Does Stock Ownership Breadth Measure?*

    PubMed Central

    Choi, James J.; Jin, Li; Yan, Hongjun

    2013-01-01

    Using holdings data on a representative sample of all Shanghai Stock Exchange investors, we show that increases in ownership breadth (the fraction of market participants who own a stock) predict low returns: highest change quintile stocks underperform lowest quintile stocks by 23% per year. Small retail investors drive this result. Retail ownership breadth increases appear to be correlated with overpricing. Among institutional investors, however, the opposite holds: Stocks in the top decile of wealth-weighted institutional breadth change outperform the bottom decile by 8% per year, consistent with prior work that interprets breadth as a measure of short-sales constraints. PMID:24764801

  10. 26 CFR 1.1244(c)-1 - Section 1244 stock defined.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... subparagraph (1) of this paragraph: Example 1. A taxpayer owns stock of Corporation X issued to him prior to... Corporation X. The stock received by the taxpayer in the exchange may not qualify as section 1244 stock even... taxpayer owns stock in Corporation X. Corporation X merges into Corporation Y. In exchange for his...

  11. 26 CFR 1.1244(c)-1 - Section 1244 stock defined.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... subparagraph (1) of this paragraph: Example 1. A taxpayer owns stock of Corporation X issued to him prior to... Corporation X. The stock received by the taxpayer in the exchange may not qualify as section 1244 stock even... taxpayer owns stock in Corporation X. Corporation X merges into Corporation Y. In exchange for his...

  12. Population identification of red-fin pargo, Parargyrops edita Tanaka, in Taiwan strait and Beibu Gulf

    NASA Astrophysics Data System (ADS)

    Zhang, Qiyong; Cai, Zeping; Xu, Xucai

    1985-06-01

    This paper deals with population identification of Parargyrops edita Tanaka. Samples of spawning stocks were collected from Niushan-Penghu, Minnan-Taiwan shoal (Southern Fujian-Taiwan shoal) and Beibu Gulf during the spawning period 1981 1982. Morphological characters, both meristic and morphometric, are counted and measured respectively. The stock concept and intraspecific categories have been discussed. Some meristic characters as the number of left or right ventral fin spine, right ventral fin rays and abdominal vertebrae of this fish may be constant, others as the numbers of left or right pectoral fin rays and gill-rakers may have obvious geographical variation. Morphological characters have not attained the level of subspecific distinctness, no sub-species could be found among these stocks by means of coefficient of difference (C.D.). Basing upon the comparative analysis of M diff, the authors consider that stocks of Minnan-Taiwan shoal and Niushan-Penghu belong to the same local population, Taiwan Strait local population. By means of the discriminant function analysis and linear relationship analysis, statistical differences will be found to exist in meristic characters between the stock of Minnan-Taiwan shoal and that of Niushan-Penghu, so that the two are virtually different stocks or subpopulations. The stock of Beibu Gulf belongs to another called the Beibu Gulf local population. These two local populations are of allopatric distribution and show statistically significant difference between themselves. Among these stocks, the Minnan-Taiwan shoal stock is strongly influenced by the much more complicated environmental conditions of the mixed boundary region of the subtropical Sino-Japanese Subregion in the north and the tropical Indo-Malayan Subregion in the south. Thus its coefficient of variability (C.V.) is greater than those of the other two in the mean values of various meristic characters.

  13. 17 CFR 256.152 - Fuel stock expenses undistributed.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Fuel stock expenses undistributed. 256.152 Section 256.152 Commodity and Securities Exchanges SECURITIES AND EXCHANGE COMMISSION... UTILITY HOLDING COMPANY ACT OF 1935 3. Current and Accrued Assets § 256.152 Fuel stock...

  14. [The Taiwan Nurses Association and professional diplomacy].

    PubMed

    Lee, Sheuan

    2014-08-01

    The Taiwan Nurses Association (TWNA) is publishing a special centenary issue to commemorate the 100th anniversary of the association in 2014. For this issue, TWNA invited the author to write a review article that addresses the involvement of the TWNA in professional diplomacy and international exchange over the past century. The author reviews the history of both TWNA and the International Council of Nurses and introduces the contributions of the association in the field of professional diplomacy and the positive contributions of many Taiwan nursing leaders to global healthcare and society. The purpose of the paper is to convey the traditions and experiences of TWNA forward to the next generation. PMID:25125155

  15. [The Taiwan Nurses Association and professional diplomacy].

    PubMed

    Lee, Sheuan

    2014-08-01

    The Taiwan Nurses Association (TWNA) is publishing a special centenary issue to commemorate the 100th anniversary of the association in 2014. For this issue, TWNA invited the author to write a review article that addresses the involvement of the TWNA in professional diplomacy and international exchange over the past century. The author reviews the history of both TWNA and the International Council of Nurses and introduces the contributions of the association in the field of professional diplomacy and the positive contributions of many Taiwan nursing leaders to global healthcare and society. The purpose of the paper is to convey the traditions and experiences of TWNA forward to the next generation.

  16. The dependence of Islamic and conventional stocks: A copula approach

    NASA Astrophysics Data System (ADS)

    Razak, Ruzanna Ab; Ismail, Noriszura

    2015-09-01

    Recent studies have found that Islamic stocks are dependent on conventional stocks and they appear to be more risky. In Asia, particularly in Islamic countries, research on dependence involving Islamic and non-Islamic stock markets is limited. The objective of this study is to investigate the dependence between financial times stock exchange Hijrah Shariah index and conventional stocks (EMAS and KLCI indices). Using the copula approach and a time series model for each marginal distribution function, the copula parameters were estimated. The Elliptical copula was selected to present the dependence structure of each pairing of the Islamic stock and conventional stock. Specifically, the Islamic versus conventional stocks (Shariah-EMAS and Shariah-KLCI) had lower dependence compared to conventional versus conventional stocks (EMAS-KLCI). These findings suggest that the occurrence of shocks in a conventional stock will not have strong impact on the Islamic stock.

  17. 76 FR 62881 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated: Notice of Filing and...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-10-11

    ... other U.S. options exchanges and stock orders to other U.S. stock exchanges and trading centers (``away... options exchanges and/or stock exchanges and trading ] centers. If a TPH sends an order from the PULSe..., see, e.g., Securities Exchange Act Release Nos. 62286 (June 11, 2010), 75 FR 34799 (June 18, 2010)...

  18. Maternity Leave in Taiwan

    ERIC Educational Resources Information Center

    Feng, Joyce Yen; Han, Wen-Jui

    2010-01-01

    Using the first nationally representative birth cohort study in Taiwan, this paper examines the role that maternity leave policy in Taiwan plays in the timing of mothers returning to work after giving birth, as well as the extent to which this timing is linked to the amount of time mothers spend with their children and their use of breast milk…

  19. Using the Stock Market Game to Teach Economics.

    ERIC Educational Resources Information Center

    Lopus, Jane Schaerges

    1985-01-01

    The Stock Market Game is a computerized simulation that involves high school students in trading eligible New York Stock Exchange stocks in an effort to make capital gains. Time required is ten weeks. The game is described; economic concepts that can be taught using the game are listed. (RM)

  20. 17 CFR 256.201 - Common stock issued.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Common stock issued. 256.201... COMPANY ACT OF 1935 Liabilities and Other Credit Accounts § 256.201 Common stock issued. This account shall include the par or stated value of all common capital stock issued and outstanding....

  1. 76 FR 56824 - Self-Regulatory Organizations; C2 Options Exchange, Incorporated: Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-14

    ... stock orders to other U.S. stock exchanges (``away market routing'').\\5\\ To use the away-market routing... has connectivity to, and is a member of, other options and/ or stock exchanges. If a TPH sends an... other U.S. stock exchanges through a PULSe Routing Intermediary.\\7\\ The Exchange also notes that it...

  2. 75 FR 69484 - Self-Regulatory Organizations; BATS Exchange, Inc.; NASDAQ OMX BX, Inc.; Chicago Board Options...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-11-12

    ... Options Exchange, Incorporated; The Chicago Stock Exchange, Inc.; Financial Industry Regulatory Authority, Inc.; The NASDAQ Stock Market LLC; National Stock Exchange, Inc.; New York Stock Exchange LLC; NYSE... Amendment No. 1, To Enhance the Quotation Standards for Market Makers November 5, 2010. I. Introduction...

  3. Level crossing analysis of the stock markets

    NASA Astrophysics Data System (ADS)

    Jafari, G. R.; Movahed, M. S.; Fazeli, S. M.; Rahimi Tabar, M. Reza; Masoudi, S. F.

    2006-06-01

    We investigate the average frequency of positive slope να+ crossing for the returns of market prices. The method is based on stochastic processes in which no scaling feature is explicitly required. Using this method we define a new quantity to quantify the stage of development and activity of stock exchanges. We compare the Tehran and western stock markets and show that some, such as the Tehran (TEPIX) and New Zealand (NZX) stock exchanges, are emerging, and also that TEPIX is a non-active market and is financially motivated to absorb capital.

  4. Taiwan Regulation of Biobanks.

    PubMed

    Fan, Chien-Te; Hung, Tzu-Hsun; Yeh, Chan-Kun

    2015-01-01

    This paper introduces legal framework and governance structure in relation to the management and development of biobanks in Taiwan. At first, we briefly describe Taiwan's population, political system and health care system. Secondly, this research introduces biobanking framework of Taiwan including 25 biobanks established with the approval of the Ministry of Health and Welfare. In those biobanks, "Taiwan Biobank" is the first and the largest government-supported biobank which comprises population-based cohort study and disease- oriented study. Since the collection of information, data, and biological specimen of biobanks often involve highly sensitive personal information, in the legal framework of Taiwan, there is a specific regulation, "Human Biobank Management Act" (HBMA), which plays an important role in regulating biobanks in Taiwan. HBMA, the Personal Information Act and other regulations constitute a comprehensive legal and regulatory privacy framework of biobanks. Through the introduction and analysis of the current legal framework applicable to biobanks, we found that there are several challenges that need to be solved appropriately that involve duplicate review systems, the obstacles in the international collaboration, and data sharing between biobanks in Taiwan.

  5. Paleotsunamis in Taiwan

    NASA Astrophysics Data System (ADS)

    Yen, J. Y.; Yu, N. T.; Chyi, S. J.; Lin, L. H.; Hirakawa, K.; Sugawara, D.

    2015-12-01

    Sitting between the Ryukyu and Manila subduction systems, Taiwan is among the world's most tectonically and seismically active areas. However, unlike Japan (from Hokkaido to the southernmost tip of Ryukyu), Taiwan is not known for tsunami events. Historical documents and folklores in Taiwan show a couple of records with different degree of certainty of tsunami, yet very few researches were conducted in paleotsunami researches. During the past two years, we have conducted detail field surveys in Taiwan, and in several chosen area we have conducted shallow bore holes, trench excavations, and following geological and geomorphological researches. Our data show that northern Taiwan has been affected by tsunami both on and off historical records, and could be as many as 8 events. In eastern Taiwan, there are three probable tsunami events, and in western Taiwan, three or four inudation events were discovered that have features very similar to tsunamis. In addtion to continuing field survey, we are performing numerical modeling based on the newly discovered geological evidences. The purpose is the reconstruct the processes of events and find the possilbe sources.

  6. Taiwan Regulation of Biobanks.

    PubMed

    Fan, Chien-Te; Hung, Tzu-Hsun; Yeh, Chan-Kun

    2015-01-01

    This paper introduces legal framework and governance structure in relation to the management and development of biobanks in Taiwan. At first, we briefly describe Taiwan's population, political system and health care system. Secondly, this research introduces biobanking framework of Taiwan including 25 biobanks established with the approval of the Ministry of Health and Welfare. In those biobanks, "Taiwan Biobank" is the first and the largest government-supported biobank which comprises population-based cohort study and disease- oriented study. Since the collection of information, data, and biological specimen of biobanks often involve highly sensitive personal information, in the legal framework of Taiwan, there is a specific regulation, "Human Biobank Management Act" (HBMA), which plays an important role in regulating biobanks in Taiwan. HBMA, the Personal Information Act and other regulations constitute a comprehensive legal and regulatory privacy framework of biobanks. Through the introduction and analysis of the current legal framework applicable to biobanks, we found that there are several challenges that need to be solved appropriately that involve duplicate review systems, the obstacles in the international collaboration, and data sharing between biobanks in Taiwan. PMID:26711420

  7. Visualization of a stock market correlation matrix

    NASA Astrophysics Data System (ADS)

    Rea, Alethea; Rea, William

    2014-04-01

    This paper presents a novel application of Neighbor-Net, a clustering algorithm developed for constructing a phylogenetic network in the field of evolutionary biology, to visualizing a correlation matrix. We apply Neighbor-Net as implemented in the SplitsTree software package to 48 stocks listed on the New Zealand Stock Exchange. We show that by visualizing the correlation matrix using a Neighbor-Net splits graph and its associated circular ordering of the stocks that some of the problems associated with understanding the large number of correlations between the individual stocks can be overcome. We compare the visualization of Neighbor-Net with that provided by hierarchical clustering trees and minimum spanning trees. The use of Neighbor-Net networks, or splits graphs, yields greater insight into how closely individual stocks are related to each other in terms of their correlations and suggests new avenues of research into how to construct small diversified stock portfolios.

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

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... acquisition of rights, such as shareholder or pre-emptive rights, pursuant to a pro rata grant to all holders..., and pro rata rights. 240.16a-9 Section 240.16a-9 Commodity and Securities Exchanges SECURITIES AND... Government Securities Dealers § 240.16a-9 Stock splits, stock dividends, and pro rata rights. The...

  9. Taiwan: growing, growing, gone.

    PubMed

    Hanson, R

    1979-10-01

    Accommodation between Taiwan and the People's Republic of China may not be inconceivable as trade contacts (though officially disallowed) grow. Because of Taiwan's well-established success and the pressing need in China to industrialize, it appears, however, that such an accommodation will occur only after China becomes more like Taiwan. Taiwan owes its success, first, to land reform and then, in the 1960s, to steady industrialization. Besides broad controls over money supply and capital designed to ward off inflationary pressures when needed, and the grand outlines for development, another factor in the island's economic success is that the government has interfered little with private enterprise. The economy has an underpinning of small to medium size businesses. There are more than 10,000 trading companies. This diverse foundation has given the economy as a whole a flexible buffer on which more sophisticated industires can be formed. PMID:12278253

  10. The Index cohesive effect on stock market correlations

    NASA Astrophysics Data System (ADS)

    Shapira, Y.; Kenett, D. Y.; Ben-Jacob, E.

    2009-12-01

    We present empirical examination and reassessment of the functional role of the market Index, using datasets of stock returns for eight years, by analyzing and comparing the results for two very different markets: 1) the New York Stock Exchange (NYSE), representing a large, mature market, and 2) the Tel Aviv Stock Exchange (TASE), representing a small, young market. Our method includes special collective (holographic) analysis of stock-Index correlations, of nested stock correlations (including the Index as an additional ghost stock) and of bare stock correlations (after subtraction of the Index return from the stocks returns). Our findings verify and strongly substantiate the assumed functional role of the index in the financial system as a cohesive force between stocks, i.e., the correlations between stocks are largely due to the strong correlation between each stock and the Index (the adhesive effect), rather than inter-stock dependencies. The Index adhesive and cohesive effects on the market correlations in the two markets are presented and compared in a reduced 3-D principal component space of the correlation matrices (holographic presentation). The results provide new insights into the interplay between an index and its constituent stocks in TASE-like versus NYSE-like markets.

  11. 76 FR 2741 - Self-Regulatory Organizations; C2 Options Exchange, Incorporated: Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-01-14

    ... orders to other U.S. options exchanges and stock orders to other U.S. stock exchanges through a PULSe... functionalities, see, e.g., Securities Exchange Act Release No. 63246 (November 4, 2010), 75 FR 69478 (November...

  12. 75 FR 39319 - Self-Regulatory Organizations; EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-07-08

    ... York Stock Exchange (``NYSE''); (B) regional exchanges, such as NYSE Arca Equities (``NYSE Arca'') and NYSE Alternext US (``NYSE Alternext,'' formerly the American Stock Exchange); and (C) the NASDAQ Stock... with the Commission. \\5\\ See Securities and Exchange Release No. 61698 (March 12, 2010), 75 FR...

  13. 26 CFR 1.1031(b)-1 - Receipt of other property or money in tax-free exchange.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... exchange described in section 1031(a) of property held for investment or productive use in trade or... exchange described in section 1035(a) of insurance policies or annuity contracts, (3) In an exchange described in section 1036(a) of common stock for common stock, or preferred stock for preferred stock,...

  14. [The internationalization of the nursing profession in Taiwan].

    PubMed

    Chuang, Hsiao-Ling; Wang, Cheng-Ching; Kuo, Pi-Chao

    2011-06-01

    Globalization, nursing manpower migration, and the multinational nature of the medical industry have increased the level of internationalization in Taiwan's nursing profession. In nursing practice, competencies for the general nursing list (Taiwan version) and ICNP (International Classification for Nursing Practice) have been clinically tested and revised. In academic nursing, significant effort is invested toward achieving the three general objectives of internationalized teaching, internationalized campuses, and international academic exchanges. We should further test and revise Taiwan's competencies for the general nursing list, and the ICNP should be continually tested and revised. Additionally, nursing personnel should strengthen foreign language competencies, appreciate different nursing practice cultures, participate in international exchange activities, and place increasing emphasis on international cooperation in research and nursing education accreditation. Such should further enhance and strengthen international cooperation, which should further encourage internationalization in the domestic nursing profession.

  15. Wavelet neural networks for stock trading

    NASA Astrophysics Data System (ADS)

    Zheng, Tianxing; Fataliyev, Kamaladdin; Wang, Lipo

    2013-05-01

    This paper explores the application of a wavelet neural network (WNN), whose hidden layer is comprised of neurons with adjustable wavelets as activation functions, to stock prediction. We discuss some basic rationales behind technical analysis, and based on which, inputs of the prediction system are carefully selected. This system is tested on Istanbul Stock Exchange National 100 Index and compared with traditional neural networks. The results show that the WNN can achieve very good prediction accuracy.

  16. Stock structure of sea otters (Enhydra Lutris Kenyoni) in Alaska

    USGS Publications Warehouse

    Gorbics, C.S.; Bodkin, J.L.

    2001-01-01

    Sea otters in Alaska are recognized as a single subspecies (Enhydra lutris kenyoni) and currently managed as a single, interbreeding population. However, geographic and behavioral mechanisms undoubtably constrain sea otter movements on much smaller scales. This paper applies the phylogeographic method (Dizon et al. 1992) and considers distribution, population response, phenotype and genotype data to identify stocks of sea otters within Alaska. The evidence for separate stock identity is genotypic (all stocks), phenotypic (Southcentral and Southwest stocks), and geographic distribution (Southeast stock), whereas population response data are equivocal (all stocks). Differences in genotype frequencies and the presence of unique genotypes among areas indicate restricted gene flow. Genetic exchange may be limited by little or no movement across proposed stock boundaries and discontinuities in distribution at proposed stock boundaries. Skull size differences (phenotypic) between Southwest and Southcentral Alaska populations further support stock separation. Population response information was equivocal in either supporting or refuting stock identity. On the basis of this review, we suggest the following: (1) a Southeast stock extending from Dixon Entrance to Cape Yakataga; (2) a Southcentral stock extending from Cape Yakataga to Cape Douglas including Prince William Sound and Kenai peninsula coast; and (3) a Southwest stock including Alaska Peninsula coast, the Aleutians to Attu Island, Barren, Kodiak, Pribilof Islands, and Bristol Bay.

  17. Market Confidence Predicts Stock Price: Beyond Supply and Demand.

    PubMed

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

    2016-01-01

    Stock price prediction is an important and challenging problem in stock market analysis. Existing prediction methods either exploit autocorrelation of stock price and its correlation with the supply and demand of stock, or explore predictive indictors exogenous to stock market. In this paper, using transaction record of stocks with identifier of traders, we introduce an index to characterize market confidence, i.e., the ratio of the number of traders who is active in two successive trading days to the number of active traders in a certain trading day. Strong Granger causality is found between the index of market confidence and stock price. We further predict stock price by incorporating the index of market confidence into a neural network based on time series of stock price. Experimental results on 50 stocks in two Chinese Stock Exchanges demonstrate that the accuracy of stock price prediction is significantly improved by the inclusion of the market confidence index. This study sheds light on using cross-day trading behavior to characterize market confidence and to predict stock price. PMID:27391816

  18. Market Confidence Predicts Stock Price: Beyond Supply and Demand.

    PubMed

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

    2016-01-01

    Stock price prediction is an important and challenging problem in stock market analysis. Existing prediction methods either exploit autocorrelation of stock price and its correlation with the supply and demand of stock, or explore predictive indictors exogenous to stock market. In this paper, using transaction record of stocks with identifier of traders, we introduce an index to characterize market confidence, i.e., the ratio of the number of traders who is active in two successive trading days to the number of active traders in a certain trading day. Strong Granger causality is found between the index of market confidence and stock price. We further predict stock price by incorporating the index of market confidence into a neural network based on time series of stock price. Experimental results on 50 stocks in two Chinese Stock Exchanges demonstrate that the accuracy of stock price prediction is significantly improved by the inclusion of the market confidence index. This study sheds light on using cross-day trading behavior to characterize market confidence and to predict stock price.

  19. Market Confidence Predicts Stock Price: Beyond Supply and Demand

    PubMed Central

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

    2016-01-01

    Stock price prediction is an important and challenging problem in stock market analysis. Existing prediction methods either exploit autocorrelation of stock price and its correlation with the supply and demand of stock, or explore predictive indictors exogenous to stock market. In this paper, using transaction record of stocks with identifier of traders, we introduce an index to characterize market confidence, i.e., the ratio of the number of traders who is active in two successive trading days to the number of active traders in a certain trading day. Strong Granger causality is found between the index of market confidence and stock price. We further predict stock price by incorporating the index of market confidence into a neural network based on time series of stock price. Experimental results on 50 stocks in two Chinese Stock Exchanges demonstrate that the accuracy of stock price prediction is significantly improved by the inclusion of the market confidence index. This study sheds light on using cross-day trading behavior to characterize market confidence and to predict stock price. PMID:27391816

  20. 77 FR 33531 - Self-Regulatory Organizations; BATS Exchange, Inc.; BATS Y-Exchange, Inc.; NASDAQ OMX BX, Inc...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-06-06

    ..., Managing Director and Associate General Counsel, the Securities Industry and Financial Markets Association.... Vlcek, Managing Director and Associate General Counsel, the Securities Industry and Financial Markets... Stock Exchange, Inc.; EDGA Exchange, Inc.; EDGX Exchange, Inc.; Financial Industry Regulatory...

  1. Inclusive Education in Taiwan

    ERIC Educational Resources Information Center

    Wu-Tien, Wu

    2007-01-01

    As an echo of the worldwide movement of inclusive education and because of the conviction of inclusive ideas, special education in Taiwan is moving toward a goal of inclusion, though not necessarily full inclusion. While its terminology is as yet undesignated, principles and strategies are significantly reflected in the Special Education Act and…

  2. Country Profiles, Taiwan.

    ERIC Educational Resources Information Center

    Keeny, S. M.; And Others

    A profile of Taiwan is sketched in this paper. Emphasis is placed on the nature, scope, and accomplishments of population activities in the country. Topics and sub-topics include: location and description of the country; population (size, growth patterns, age structure, urban/rural distribution, ethnic and religious composition, migration,…

  3. Multilayer Stock Forecasting Model Using Fuzzy Time Series

    PubMed Central

    Javedani Sadaei, Hossein; Lee, Muhammad Hisyam

    2014-01-01

    After reviewing the vast body of literature on using FTS in stock market forecasting, certain deficiencies are distinguished in the hybridization of findings. In addition, the lack of constructive systematic framework, which can be helpful to indicate direction of growth in entire FTS forecasting systems, is outstanding. In this study, we propose a multilayer model for stock market forecasting including five logical significant layers. Every single layer has its detailed concern to assist forecast development by reconciling certain problems exclusively. To verify the model, a set of huge data containing Taiwan Stock Index (TAIEX), National Association of Securities Dealers Automated Quotations (NASDAQ), Dow Jones Industrial Average (DJI), and S&P 500 have been chosen as experimental datasets. The results indicate that the proposed methodology has the potential to be accepted as a framework for model development in stock market forecasts using FTS. PMID:24605058

  4. 2. General view of stockyards from livestock exchange building showing ...

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

    2. General view of stockyards from livestock exchange building showing (l-r) Buckingham Road, cattle pens, and Stock yards Autopark. View to northeast. - South Omaha Union Stock Yards, 2900 "O" Plaza, Omaha, Douglas County, NE

  5. Stroke: a Hidden Danger of Margin Trading in Stock Markets.

    PubMed

    Lin, Shu-Hui; Wang, Chien-Ho; Liu, Tsai-Ching; Chen, Chin-Shyan

    2015-10-01

    Using 10-year population data from 2000 through 2009 in Taiwan, this is the first paper to analyze the relationship between margin trading in stock markets and stroke hospitalizations. The results show that 3 and 6 days after an increase of margin trading in the Taiwan stock markets are associated with greater stoke hospitalizations. In general, a 1 % increase in total margin trading positions is associated with an increment of 2.5 in the total number of stroke hospitalizations, where the mean number of hospital admissions is 233 cases a day. We further examine the effects of margin trading by gender and age groups and find that the effects of margin trading are significant for males and those who are 45-74 years old only. In summary, buying stocks with money you do not have is quite risky, especially if the prices of those stocks fall past a certain level or if there is a sudden and severe drop in the stock market. There is also a hidden danger to one's health from margin trading. A person should be cautious before conducting margin trading, because while it can be quite profitable, danger always lurks just around the corner.

  6. Quantum Brownian motion model for the stock market

    NASA Astrophysics Data System (ADS)

    Meng, Xiangyi; Zhang, Jian-Wei; Guo, Hong

    2016-06-01

    It is believed by the majority today that the efficient market hypothesis is imperfect because of market irrationality. Using the physical concepts and mathematical structures of quantum mechanics, we construct an econophysical framework for the stock market, based on which we analogously map massive numbers of single stocks into a reservoir consisting of many quantum harmonic oscillators and their stock index into a typical quantum open system-a quantum Brownian particle. In particular, the irrationality of stock transactions is quantitatively considered as the Planck constant within Heisenberg's uncertainty relationship of quantum mechanics in an analogous manner. We analyze real stock data of Shanghai Stock Exchange of China and investigate fat-tail phenomena and non-Markovian behaviors of the stock index with the assistance of the quantum Brownian motion model, thereby interpreting and studying the limitations of the classical Brownian motion model for the efficient market hypothesis from a new perspective of quantum open system dynamics.

  7. Multifractal nature of stock exchange prices

    NASA Astrophysics Data System (ADS)

    Ausloos, M.; Ivanova, K.

    2002-08-01

    The multifractal structure of the temporal dependence of the Deutsche Aktienindex (DAX) is analyzed. The qth order moments of the structure functions and the singular measures are calculated. The generalized Hurst exponent H( q) and the h( γ( q)) curve indicate a hierarchy of power law exponents. This approach leads to characterizing the nonstationarity and intermittency pertinent to such financial signals, indicating differences with turbulence data. A list of results on turbulence and financial markets is presented for asserting the analogy.

  8. Fractal Analysis of Prime Indian STOCK Market Indices

    NASA Astrophysics Data System (ADS)

    Samadder, Swetadri; Ghosh, Koushik; Basu, Tapasendra

    2013-03-01

    The purpose of the present work is to study the fractal behaviour of prime Indian stock exchanges, namely Bombay Stock Exchange Sensitivity Index (BSE Sensex) and National Stock Exchange (NSE). To analyze the monofractality of these indices we have used Higuchi method and Katz method separately. By applying Mutifractal Detrended Fluctuation Analysis (MFDFA) technique we have calculated the generalized Hurst exponents, multifractal scaling exponents and generalized multifractal dimensions for the present indices. We have deduced Hölder exponents as well as singularity spectra for BSE and NSE. It has been observed that both the stock exchanges are possessing self-similarity at different small ranges separately and inhomogeneously. By comparing the multifractal behaviour of the BSE and NSE indices, we have found that the second one exhibits a richer multifractal feature than the first one.

  9. 17 CFR 240.15g-2 - Penny stock disclosure document relating to the penny stock market.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... required by paragraph (a) of this section for the period specified in 17 CFR 240.17a-4(b) of this chapter... 17 Commodity and Securities Exchanges 3 2011-04-01 2011-04-01 false Penny stock disclosure document relating to the penny stock market. 240.15g-2 Section 240.15g-2 Commodity and Securities...

  10. 17 CFR 240.15g-2 - Penny stock disclosure document relating to the penny stock market.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... required by paragraph (a) of this section for the period specified in 17 CFR 240.17a-4(b) of this chapter... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Penny stock disclosure document relating to the penny stock market. 240.15g-2 Section 240.15g-2 Commodity and Securities...

  11. A Sketch of the Taiwan Zebrafish Core Facility.

    PubMed

    You, May-Su; Jiang, Yun-Jin; Yuh, Chiou-Hwa; Wang, Chien-Ming; Tang, Chih-Hao; Chuang, Yung-Jen; Lin, Bo-Hung; Wu, Jen-Leih; Hwang, Sheng-Ping L

    2016-07-01

    In the past three decades, the number of zebrafish laboratories has significantly increased in Taiwan. The Taiwan Zebrafish Core Facility (TZCF), a government-funded core facility, was launched to serve this growing community. The Core Facility was built on two sites, one located at the National Health Research Institutes (NHRI, called Taiwan Zebrafish Core Facility at NHRI or TZeNH) and the other is located at the Academia Sinica (Taiwan Zebrafish Core Facility at AS a.k.a. TZCAS). The total surface area of the TZCF is about 180 m(2) encompassing 2880 fish tanks. Each site has a separate quarantine room and centralized water recirculating systems, monitoring key water parameters. To prevent diseases, three main strategies have been implemented: (1) imported fish must be quarantined; (2) only bleached embryos are introduced into the main facilities; and (3) working practices were implemented to minimize pathogen transfer between stocks and facilities. Currently, there is no health program in place; however, a fourth measure for the health program, specific regular pathogen tests, is being planned. In March 2015, the TZCF at NHRI has been AAALAC accredited. It is our goal to ensure that we provide "disease-free" fish and embryos to the Taiwanese research community. PMID:27267235

  12. Dependence phenomenon analysis of the stock market

    NASA Astrophysics Data System (ADS)

    Cheng, Wuyang; Wang, Jun

    2013-04-01

    A random financial stock price model is developed by the interacting contact process, which is one of the statistical-physics systems. The contact process is a continuous-time Markov process, one interpretation of this process is as a model for the spread of an infection, where the epidemic spreading mimics the interplay of local infections and the recovery of individuals. We investigate and analyze the long-term memory, the nonlinear correlations and the multifractal phenomenon of normalized returns of the price model by statistical analysis methods, which include autocorrelation analysis, the Gaussian copula method and the multifractal analysis method. Moreover, we consider the daily returns of the Shanghai Stock Exchange Composite Index and the Shenzhen Stock Exchange Composite Index, and the comparisons of statistical behaviors of returns between the actual data and the simulation data are presented.

  13. Maternity Leave in Taiwan

    PubMed Central

    Feng, Joyce Yen; Han, Wen-Jui

    2011-01-01

    Using the first nationally representative birth cohort study in Taiwan, this paper examines the role that maternity leave policy in Taiwan plays in the timing of mothers returning to work after giving birth, as well as the extent to which this timing is linked to the amount of time mothers spend with their children and their use of breast milk versus formula. We found that the time when mothers returned to work coincided with the duration of guaranteed leave. In particular, mothers with a labor pension plan resumed work significantly earlier than mothers with no pension plan, and mothers with no pension plan returned to work significantly later than those with pension plans. The short leave of absence guaranteed under existing policies translated into mothers spending less time with their children and being more likely to exclusively use formula by 6 months after birth. In contrast, mothers who resumed work later than 6 months after birth were more likely to have not worked before birth or to have quit their jobs during pregnancy. Implications and recommendations for parental leave policy in Taiwan are discussed. PMID:21603074

  14. 26 CFR 1.1244(a)-1 - Loss on small business stock treated as ordinary loss.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 26 Internal Revenue 11 2010-04-01 2010-04-01 true Loss on small business stock treated as ordinary... Losses § 1.1244(a)-1 Loss on small business stock treated as ordinary loss. (a) In general. Subject to... transaction treated as a sale or exchange, such as worthlessness) of section 1244 stock which would...

  15. 26 CFR 1.1244(a)-1 - Loss on small business stock treated as ordinary loss.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... 26 Internal Revenue 11 2014-04-01 2014-04-01 false Loss on small business stock treated as... Gains and Losses § 1.1244(a)-1 Loss on small business stock treated as ordinary loss. (a) In general... (including a transaction treated as a sale or exchange, such as worthlessness) of section 1244 stock...

  16. 26 CFR 1.1244(a)-1 - Loss on small business stock treated as ordinary loss.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... 26 Internal Revenue 11 2012-04-01 2012-04-01 false Loss on small business stock treated as... Gains and Losses § 1.1244(a)-1 Loss on small business stock treated as ordinary loss. (a) In general... (including a transaction treated as a sale or exchange, such as worthlessness) of section 1244 stock...

  17. 26 CFR 1.1244(a)-1 - Loss on small business stock treated as ordinary loss.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... 26 Internal Revenue 11 2011-04-01 2011-04-01 false Loss on small business stock treated as... Gains and Losses § 1.1244(a)-1 Loss on small business stock treated as ordinary loss. (a) In general... (including a transaction treated as a sale or exchange, such as worthlessness) of section 1244 stock...

  18. 26 CFR 1.1244(a)-1 - Loss on small business stock treated as ordinary loss.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... 26 Internal Revenue 11 2013-04-01 2013-04-01 false Loss on small business stock treated as... Gains and Losses § 1.1244(a)-1 Loss on small business stock treated as ordinary loss. (a) In general... (including a transaction treated as a sale or exchange, such as worthlessness) of section 1244 stock...

  19. 17 CFR 230.136 - Definition of certain terms in relation to assessable stock.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... relation to assessable stock. 230.136 Section 230.136 Commodity and Securities Exchanges SECURITIES AND... certain terms in relation to assessable stock. (a) An offer, offer to sell, or offer for sale of... shall not be deemed to include the offering or sale of assessable stock, at public auction or...

  20. Taiwan Space Programs

    NASA Astrophysics Data System (ADS)

    Liu, Jann-Yenq

    Taiwan space programs consist of FORMOSAT-1, -2, and -3, sounding rockets, and international cooperation. FORMOSAT-1, a low-earth-orbit (LEO) scientific experimental satellite, was launched on January 26, 1999. It circulates with an altitude of 600 km and 35 degree inclination around the Earth every 97 minutes, transmitting collected data to Taiwan's receiving stations approximately six times a day. The major mission of FORMOSAT-1 includes three scientific experiments for measuring the effects of ionospheric plasma and electrodynamics, taking the ocean color image and conducting Ka-band communication experiment. The FORMOSAT- 1 mission was ended by June 15, 2004. FORMOSAT-2, launched on May 21, 2004 onto the Sun-synchronous orbit located at 891 km above ground. The main mission of FORMOSAT-2 is to conduct remote sensing imaging over Taiwan and on terrestrial and oceanic regions of the entire earth. The images captured by FORMOSAT-2 during daytime can be used for land distribution, natural resources research, environmental protection, disaster prevention and rescue work etc. When the satellite travels to the eclipsed zone, it observes natural phenomena of lighting in the upper atmosphere. FORMOSAT-3 is an international collaboration project between Taiwan and the US to develop advanced technology for the real-time monitoring of the global climate. This project is also named Constellation Observing System for Meteorology, Ionosphere and Climate, or FORMOSAT-3/COSMIC for short. Six micro-satellites were launched on 15 April 2007 and eventually placed into six different orbits at 700 800 kilometer above the earth ground. These satellites orbit around the earth to form a LEO constellation that receives signals transmitted by the 24 US GPS satellites. The satellite observation covers the entire global atmosphere and ionosphere, providing over 2,500 global sounding data per day. These data distribute uniformly over the earth's atmosphere. The global climate information

  1. Dollar and the stock market: An approach using Haar wavelet

    NASA Astrophysics Data System (ADS)

    Belardi, Aldo Artur; Aguiar, Renato A.

    2012-08-01

    This paper presents a methodology to detect significant changes in the price of U.S. dollar in regarding to the stock exchange using the Haar wavelet as well as statistical analyzes of several parameters. The data used arise of information provided by the stock market, both for the U.S. dollar and for the stock market. The results show that the applied methodology through Haar wavelet, are able to inform in advance the trend of the stock market through a single variable, the U.S. dollar.

  2. Collective behavior of stock price movements in an emerging market

    NASA Astrophysics Data System (ADS)

    Pan, Raj Kumar; Sinha, Sitabhra

    2007-10-01

    To investigate the universality of the structure of interactions in different markets, we analyze the cross-correlation matrix C of stock price fluctuations in the National Stock Exchange (NSE) of India. We find that this emerging market exhibits strong correlations in the movement of stock prices compared to developed markets, such as the New York Stock Exchange (NYSE). This is shown to be due to the dominant influence of a common market mode on the stock prices. By comparison, interactions between related stocks, e.g., those belonging to the same business sector, are much weaker. This lack of distinct sector identity in emerging markets is explicitly shown by reconstructing the network of mutually interacting stocks. Spectral analysis of C for NSE reveals that, the few largest eigenvalues deviate from the bulk of the spectrum predicted by random matrix theory, but they are far fewer in number compared to, e.g., NYSE. We show this to be due to the relative weakness of intrasector interactions between stocks, compared to the market mode, by modeling stock price dynamics with a two-factor model. Our results suggest that the emergence of an internal structure comprising multiple groups of strongly coupled components is a signature of market development.

  3. Fractal patterns in Stock Intertrading Times

    NASA Astrophysics Data System (ADS)

    White, Ainslie; Lee, Youngki; Ivanov, Plamen Ch.

    2003-03-01

    We study intertrades times (ITT) of stock trades of a range of companies included in the New York Stock Exchange's Trades and Quotes (TAQ) database. The time between transactions is an indicator of the dynamics of the market, and in the field of econometrics, intertrade durations play a key role in the understanding of the market activity and microstructure. Previous work has mainly focused on the properties of price changes of individual company stocks as well as global financial indices (e.g. SP500, DJ etc.). We hypothesize that there is a relation between the dynamics of price change and the trading activity. To investigate this relation we first study the statistical features of ITT data. The TAQ database covers all transactions on the NSE, AMEX, NASDAQ and the US regional exchanges. We have performed a preliminary analysis of 100 company stocks from a range of industries of the US economy selecting predominantly those companies which have large market capitalisations (MC). We focus on companies with large MC, since the dynamics of the price change and trading activity of stocks of such companies has a considerable impact on the market behaviour.

  4. Multidimensional stock network analysis: An Escoufier's RV coefficient approach

    NASA Astrophysics Data System (ADS)

    Lee, Gan Siew; Djauhari, Maman A.

    2013-09-01

    The current practice of stocks network analysis is based on the assumption that the time series of closed stock price could represent the behaviour of the each stock. This assumption leads to consider minimal spanning tree (MST) and sub-dominant ultrametric (SDU) as an indispensible tool to filter the economic information contained in the network. Recently, there is an attempt where researchers represent stock not only as a univariate time series of closed price but as a bivariate time series of closed price and volume. In this case, they developed the so-called multidimensional MST to filter the important economic information. However, in this paper, we show that their approach is only applicable for that bivariate time series only. This leads us to introduce a new methodology to construct MST where each stock is represented by a multivariate time series. An example of Malaysian stock exchange will be presented and discussed to illustrate the advantages of the method.

  5. Model for non-Gaussian intraday stock returns

    NASA Astrophysics Data System (ADS)

    Gerig, Austin; Vicente, Javier; Fuentes, Miguel A.

    2009-12-01

    Stock prices are known to exhibit non-Gaussian dynamics, and there is much interest in understanding the origin of this behavior. Here, we present a model that explains the shape and scaling of the distribution of intraday stock price fluctuations (called intraday returns) and verify the model using a large database for several stocks traded on the London Stock Exchange. We provide evidence that the return distribution for these stocks is non-Gaussian and similar in shape and that the distribution appears stable over intraday time scales. We explain these results by assuming the volatility of returns is constant intraday but varies over longer periods such that its inverse square follows a gamma distribution. This produces returns that are Student distributed for intraday time scales. The predicted results show excellent agreement with the data for all stocks in our study and over all regions of the return distribution.

  6. 76 FR 62879 - Self-Regulatory Organizations; C2 Options Exchange, Incorporated: Notice of Filing and Immediate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-10-11

    .... options exchanges and stock orders to other U.S. stock exchanges and trading centers (``away market... Intermediary'' is a C2 TPH that has connectivity to, and is a member of, other options and/or stock exchanges... Act Release Nos. 63246 (November 4, 2010), 75 FR 69478 (November 12, 2010) (SR-C2-2010-007) and...

  7. 76 FR 7614 - Self-Regulatory Organizations; Chicago Board Options Exchange, Incorporated; Notice of Filing and...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-02-10

    ... more option leg(s) under Rule 6.53C.06(d). Specifically, instead of routing to PAR for manual handling, the Exchange may determine on a class-by-class basis that any remaining balance of the option leg(s... stock leg will automatically route to the CBOE Stock Exchange (``CBSX''), CBOE's stock facility,...

  8. 77 FR 76334 - Self-Regulatory Organizations; International Securities Exchange, LLC; Notice of Filing and...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-12-27

    ... individual stocks and exchange-traded funds (ETFs) until the beginning of the month in which the option... the price of the underlying security. However, if the price of the underlying stock moves... participants risk management needs in a stock. In these situations, the Exchange has the ability to...

  9. Synchrotrons: Taiwan unveils new synchrotron

    NASA Astrophysics Data System (ADS)

    Horiuchi, Noriaki

    2015-05-01

    Competitive activities around the globe to develop the world's brightest synchrotron light source have accelerated in recent years. Taiwanese scientists now aspire to be at the top of the list with the recently constructed Taiwan Photon Source.

  10. Scrap car recycling in Taiwan

    SciTech Connect

    Lee, C.H.; Tai, H.S.; Fan, R.K.S.

    1997-12-31

    The official figure of registered automobiles released by the Ministry of Transportation of Taiwan, R.O.C. as of the end of April 1996, is approximately 4.8 millions. Among them, 18% of the cars are between seven and ten years old and 15% of the cars are old than ten years. The result of this large number of old cars is the problem of abandoned cars on the street of Taiwan. This phenomena not only hinders traffic flow but also undermines the living quality in the cities. To minimize these negative effects, EPA has promulgated a Scrap Motor Vehicles Management Regulation to enforce the scrap car recycling in Taiwan. Under this regulation, a buyer of a new vehicle has to pay the Scrap Motor Vehicle Disposal fee (NT$ 3000, or US$ 110 for a car; and NT$ 700, or US$ 25 for a motorcycle). This paper presents the current status of scrap car recycling in Taiwan.

  11. [Gastric cancer in Taiwan].

    PubMed

    Wu, M S; Lin, J T; Lee, W J; Yu, S C; Wang, T H

    1994-09-01

    The study of gastric cancer is important in clinical medicine as well as in public health. Environmental factors play an important role in gastric carcinogenesis and thus primary prevention is feasible after improvement of these factors. The 5-year survival rate of resected early gastric cancer is over 90% and this provides an excellent paradigm for secondary prevention. Though its mortality rate has declined since 1970, gastric cancer remains common and carries a high mortality in Taiwan where about 2,000 patients die of gastric cancer annually. The age-adjusted mortality is 16.54 and 8.16/100,000 for male and female, ranking the third and fourth cancer death respectively. Epidemiologic data disclose a positive association between gastric cancer and some dietary factors in Taiwan. However, the role of Helicobacter pylori infection and hereditary susceptibility should be elucidated in the future. Endoscopy with biopsy is an excellent method of the diagnosis of gastric cancer. However, its invasiveness makes it impractical as a screening tool and thus the proportion of early gastric cancer to gastric cancer remains as low as 30% in most reports. The value of lymph node dissection remains controversial although surgery is one of the most effective methods of eradicating gastric cancer. Overall, the 5 year survival rate is 24.5% to 54%. Laser therapy is usually reserved for patients with high operative risk and specific types of gastric cancer. To improve the survival results, development of a simple and economic screening program based on the epidemiologic results and utilization of noninvasive examinations such as serologic markers to diagnose and treat gastric cancer at its earliest stage deserves further study.

  12. Progress and Prospect of Physics Research and Education in Taiwan

    NASA Astrophysics Data System (ADS)

    Raynien Kwo, J.

    2010-03-01

    Started about two decades ago, the global trend of shifting industrial manufacture power from western developed countries toward developing countries in Asia has in turn become the impetus in building up physical science and research in these areas. A very good example is the remarkable progress of physical research and education in Taiwan, in terms of quantity and quality. The continuous elevation of Taiwan's high education into graduate level plus the government's strong commitment to research and development on a level of 2.62 % GDP have led to an impressive physics program with an annual budget ˜32 million USD from National Science Council in supporting 568 PIs. The investigation scope encompasses high energy and astrophysics, nano and condensed matter, and semiconductor, optoelectronic physics, etc. The former is vigorously conducted via international collaborative efforts of LHC, KEK, ALMA, Pan-STARRS, etc. The latter is driven by vital Taiwan high tech industry mostly semiconductor IC and optoelectronics flourished during this period. The early trend of outflows of BS physics majors to western world for advanced studies has reversed dramatically. Nearly 80% of the BS students continue their MS and PhD degrees in Taiwan, attracted by lucrative job markets of high tech industry. In addition, healthy inflow of high-quality science manpower of well trained PhDs and senior scholars returning to homeland has strengthened the competitiveness. Overall, the physics community in Taiwan is thriving. The annual Physical Society meeting is expanding at a rate of 6%, reaching ˜1800 attendants and 1200 papers, and dedicated to promotions of female physicists and students. The publication quantity of Taiwan in top journals of PRs and PRL is ranked among top 20^th for all fields of physics, and ranked the 6^th in APL. Clearly Taiwan has now emerged as a strong power in applied science, not limited by its population size. Concerted efforts on scientific exchanges are being

  13. Fiches pratiques: "Oui, je viens de Taiwan"; L'habit ne fait pas le moine; Objets inanimes avez-vous donc une ame?; La Bourse et la voix (Practical Ideas: "Yes, I Come from Taiwan"; The Clothes Don't Make the Man; Inanimate Objects, Do You Have a Soul?; The Stock Exchange and the Voice).

    ERIC Educational Resources Information Center

    Durbant, Jean-Claude; And Others

    1988-01-01

    Four ideas for classroom instruction are presented, including an approach to teaching foreign nationals or immigrants, a lesson in clothing and its terminology, an explanation of the symbolism and language of the French Revolution, and a description of how to use radio programs about economics. (MSE)

  14. Heterogeneous information-based artificial stock market

    NASA Astrophysics Data System (ADS)

    Pastore, S.; Ponta, L.; Cincotti, S.

    2010-05-01

    In this paper, an information-based artificial stock market is considered. The market is populated by heterogeneous agents that are seen as nodes of a sparsely connected graph. Agents trade a risky asset in exchange for cash. Besides the amount of cash and assets owned, each agent is characterized by a sentiment. Moreover, agents share their sentiments by means of interactions that are identified by the graph. Interactions are unidirectional and are supplied with heterogeneous weights. The agent's trading decision is based on sentiment and, consequently, the stock price process depends on the propagation of information among the interacting agents, on budget constraints and on market feedback. A central market maker (clearing house mechanism) determines the price process at the intersection of the demand and supply curves. Both closed- and open-market conditions are considered. The results point out the validity of the proposed model of information exchange among agents and are helpful for understanding the role of information in real markets. Under closed market conditions, the interaction among agents' sentiments yields a price process that reproduces the main stylized facts of real markets, e.g. the fat tails of the returns distributions and the clustering of volatility. Within open-market conditions, i.e. with an external cash inflow that results in asset price inflation, also the unitary root stylized fact is reproduced by the artificial stock market. Finally, the effects of model parameters on the properties of the artificial stock market are also addressed.

  15. Analysis of stock prices of mining business

    NASA Astrophysics Data System (ADS)

    Ahn, Sanghyun; Lim, G. C.; Kim, S. H.; Kim, Soo Yong; Yoon, Kwon Youb; Stanfield, Joseph Lee; Kim, Kyungsik

    2011-06-01

    Stock exchanges have a diversity of so-called business groups and much evidence has been presented by covariance matrix analysis (Laloux et al. (1999) [6], Plerou et al. (2002) [7], Plerou et al. (1999) [8], Mantegna (1999) [9], Utsugi et al. (2004) [21] and Lim et al. (2009) [26]). A market-wide effect plays a crucial role in shifting the correlation structure from random to non-random. In this work, we study the structural properties of stocks related to the mining industry, especially rare earth minerals, listed on two exchanges, namely the TSX (Toronto stock exchange) and the TSX-V (Toronto stock exchange-ventures). In general, raw-material businesses are sensitively affected by the global economy while each firm has its own cycle. We prove that the global crisis during 2006-2009 affected the mineral market considerably. These two aspects compete to control price fluctuations. We show that the internal cycle overwhelms the global economic environment in terms of random matrix theory and overlapping matrices. However, during the period of 2006-2009, the effect of the global economic environment emerges. This result is well explained by the recent global financial/economic crisis. For comparison, we analyze the time stability of business clusters of the KOSPI, that is, the electric/electronic business, using an overlapping matrix. A clear difference in behavior is confirmed. Consequently, rare earth minerals in the raw-material business should be classified not by standard business classifications but by the internal cycle of business.

  16. Stock markets are not what we think they are: the key roles of cross-ownership and corporate treasury stock

    NASA Astrophysics Data System (ADS)

    Roehner, Bertrand M.

    2005-03-01

    We describe, document and statistically test three mechanisms by which corporations can influence or even control stock prices: (i) Parent and holding companies wield control over other publicly traded companies. (ii) Through clever management of treasury stock based on buyback programs and stock issuance, stock price fluctuations can be amplified or curbed. The shock of September 11, 2001 is used to test this effect. (iii) Finally, historical evidence shows that there is a close interdependence between the level of stock prices on the one hand and merger and acquisition activity on the other hand: on average, a 10% increase in the number of mergers brings about a 3% increase in the overall level of stock prices. If one adds up buybacks, initial public offerings and takeover transactions, all of which depend upon strategic decisions taken by corporate management, they represent on average 7.2% of the trade on the New York Stock Exchange over the period 1987-2003 (as much as 12% in specific years such as 1988). This perspective, in which the Boards of Directors of major companies “shepherd” the market, offers a natural interpretation of the so-called “herd behavior” observed in stock markets. The traditional view holds that, by driving profit expectations, corporations have an indirect role in shaping the market. In this paper, we suggest that over the last decades they became more and more the direct moving force of stock markets.

  17. Mineralogical and chemical analyses of ancient glass beads from Taiwan and their implications

    NASA Astrophysics Data System (ADS)

    Liou, Y. S.; Liu, Y. C.

    2015-12-01

    Large numbers of monochrome glass beads with different colors, shapes, and stylistics excavated from the archaeological sites of Taiwan, which were dated mainly from the 2nd century AD to the early Historical Period of Taiwan. Archaeologically, these glass beads were more prevalent in eastern and northern Taiwan and were generally believed to be non-native, as well as were brought into Taiwan through the maritime exchange and/or trade activities between Taiwan and Southeast Asia/China since the Neolithic Age. Nevertheless, ancient glass beads have been little studies in Taiwan, aspects of these glass beads are not well detailed. In this work, non-destructive micro-Raman spectroscopy and μXRF are used in combination to examine 56 ancient glass beads excavated from six archaeological sites, eastern Taiwan, to unravel the mineralogical and chemical compositions and to help decipher the raw materials used and the provenance of beads. Micro-Raman measurements indicate the presence of hematite, zincite, siderite, sphalerite, lead tin yellow type II, adularia, chalcedony, anatase, rutite, ankerite, graphite, calcite, etc. Hematite, zincite, siderite, sphalerite, lead tin yellow type II, and rutile were found to be colorants/opacifiers. Among these crystalline phases, lead tin yellow type II was first detected in the ancient glass bead unearthed from Taiwan, which is accordant with results of chemical analysis. The chemical results obtained by μXRF show SiO2, Al2O3, Na2O, K2O, MgO, CaO, and PbO as the most abundant oxides. It is found that Na2O, Na2O, K2O, Al2O3, and MgO are the main/minor fluxes. According to the results, the three most frequent types are mineral soda alumina glass, soda plant ash glass, and lead silicate glass. The provenance of ancient beads unearthed from archaeological sites of Taiwan is possibility of multiple sources.

  18. 75 FR 53366 - Self-Regulatory Organizations; BATS Exchange, Inc.; Chicago Board Options Exchange, Incorporated...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-08-31

    ... Nos. 62251 (June 10, 2010), 75 FR 34183 (June 16, 2010); 62252 (June 10, 2010), 75 FR 34186 (June 16... FR 51138 (August 18, 2010). The Commission finds it appropriate to designate a longer period within...; BATS Exchange, Inc.; Chicago Board Options Exchange, Incorporated; Chicago Stock Exchange, Inc.;...

  19. [Laboratory medicine in Taiwan].

    PubMed

    Chen, J S

    1998-07-01

    Laboratory medicine and hospital central laboratory system were adopted in Taiwan after World War II. In medical schools, laboratory medicine or clinical pathology teaching is allocated to junior students. Three years of clinical pathology or four years of anatomical pathology training is required for pathology resident. Recent trend indicates that both the hospitals and the young doctors favor the five years combined C.P. (two-years) and A.P. (three years) training program. At present, 75 clinical pathologists and 213 anatomical pathologists are qualified. Approximately 70% of them work in medical centers and medical schools. Consequently, the medium and small size hospitals suffer from serious shortage of pathologist. Studies during the part 50 years indicate substantial difference in the improvement of laboratory medicine and central laboratory before and after 1975. Significant improvement in the working space, facility, equipment, staff, quality control and productivity was evident after 1975. The three health care policies contributing to the overall improvement are: 1. hospital accreditation project, 2. medical care network plan, and 3. medical specialist system.

  20. Professional Counseling in Taiwan: Past to Future

    ERIC Educational Resources Information Center

    Guo, Yuh-Jen; Wang, Shu-Ching; Combs, Don C.; Lin, Yi-Chun; Johnson, Veronica

    2013-01-01

    Because of the recent introduction of a licensure law, professional counseling has grown rapidly in Taiwan after decades of slow development. The authors provide a historical review of the development of professional counseling in Taiwan and discuss the current status and future trajectory of professional counseling in Taiwan.