While many models are purposed for detecting the occurrence of events in complex systems, the task of providing qualitative detail on the developments is not usually as well automated. We present a deep learning approach for detecting relevant discussion in text and extracting natural language descriptions of events. Supervised by only a small set of event information, the model is leveraged by unsupervised learning of semantic vector representations on extensive text data. We demonstrate applicability to the study of financial risk based on news (6.6M articles), particularly bank distress and government interventions (243 events), where indices can signal the level of bank-stress-related reporting at the entity level, or aggregated at country or European level, while being coupled with explanations. Thus, we exemplify how text, as timely and widely available data, can serve as a useful complementary source of information for financial risk analytics.
read more...Bank distress in the news: Describing events through deep learning. (arXiv:1603.05670v1 [cs.CL])
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Saving Tick Data using Win32com.Dispatch.WithEvents. Is this possible?
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Korean Equties: Saving Tick Data using Win32com.Dispatch.WithEvents. Is this possible? [Python]
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DOL (Department of labour) API does not showing most recent results when requested instead shows unauthorized
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ASIC Reviews Culture, Conduct And Conflicts Of Interest In Vertically Integrated Funds Management Businesses
ASIC has today released a report outlining its findings of an extensive review of the conflicts management practices in vertically integrated businesses in the funds management industry.
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MNI China Business Sentiment Indicator: Chinese Business Sentiment Remains Below 50 In March - Production And Employment Increase
Confidence among executives at China’s largest companies remained stable in March, with firms evenly split on the development of business conditions over the past month, according to the latest MNI China Business Sentiment Survey.
The MNI China Business Sentiment Indicator, a monthly gauge of current business sentiment, was unchanged at 49.9 in March. This was the second consecutive month sentiment has been just below the 50 mark. Firms remained relatively more upbeat about the coming three months, with the Future Expectations Indicator increasing further above the current measure, providing some hope that the situation may improve.
The weakness in overall sentiment belied some improvement in other key metrics in the survey. Most notably, Production and New Orders both picked up in March, following a setback in February. Companies expected increased activity to continue over the next three months, with the Future Expectations Indicators for both measures regaining some ground lost in the previous month. There was also an improvement in the Employment Indicator which increased to the highest since September 2015.
Note that the recent RRR cut from the People’s Bank of China came during our survey period so would have been partly reflected in this month’s survey results. The cost of credit, measured by the Interest Rates Paid Indicator, edged down notably following a rebound in February. Although the Availability of Credit Indicator eased again in March, it remained above the breakeven 50 level. Meanwhile, the expectations measures for both indicators shifted more towards an easing bias, suggesting that companies expect more policy adjustment.
While increased disinflationary pressures in the prices that companies charged were still evident in March, this came alongside a surprising rise in input prices. The Prices Received Indicator fell to 39.1 in March from 39.8 in February, the twentieth straight month below the 50 breakeven level. On the back of the rebound in oil prices seen recently, firms reported that the price of their inputs rose at the fastest pace since October 2015. The Input Prices Indicator rose to 55.3 in March from 50.7 in February, with upward pressure on prices from the manufacturing sector.
“Recent results from the survey have shown that the strains on business have increased with the MNI China Business Sentiment Indicator below 50 for the second consecutive month, something not seen since the global financial crisis. Increases in Production, New Orders and Employment, though, suggest firms are on balance withstanding the various macro challenges, with looser policy helping”, said Philip Uglow, Chief Economist of MNI Indicators.
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ASIC Consults On Proposed Guidance About 'Robo-Advice'
ASIC today released a consultation paper and a draft Regulatory Guide on regulating digital financial product advice (also commonly known as robo-advice).
ASIC Commissioner John Price said, 'ASIC is keen to see a healthy and vibrant digital advice sector. We see digital advice as having the potential to offer Australian consumers access to good quality, low-cost, financial advice.'
As part of its commitment to encouraging innovation that may benefit consumers, ASIC has developed draft guidance on the provision of digital product advice to retail clients. This guidance follows direct engagement with digital advice providers about their business models. During that engagement it became clear that digital advice providers would benefit from additional ASIC guidance specific to digital advice.
ASIC's draft regulatory guide brings together some of the issues that persons providing, or intending to provide, digital advice to retail clients need to consider when operating in Australia—from the licensing stage (i.e. obtaining an Australian financial services (AFS) licence) through to the actual provision of advice.
ASIC is also seeking feedback on issues that are unique to digital advice businesses, in particular:
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Crowd-Sourced Quant Investment Firm Lands In Australia â Quantopian
Quantopian, the crowd-sourced quantitative investment firm, will launch in Australia this weekend with a series of outreach events for local practicing and aspirational quants.
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Securities Commission Malaysia Invites Public Feedback On Cyber Security Risk Resilience
Securities Commission Malaysia (SC) today published a consultation paper seeking public feedback on the proposed regulatory framework relating to the management of cyber security risk by capital market participants.
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FIX Trading Community Announces Sponsorship Of The ISO Study Group - Helping Determine Rules For Allocation Of ISIN Standard To OTC Derivative Instruments
FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, is delighted to announce its sponsorship of the ISO Study Group to determine the rules for the allocation of the ISIN standard to derivative instruments.
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March 21, 2016 - SS&C GlobeOp Forward Redemption Indicator: March notifications 4.26%
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ASX CEO Resigns
Today the ASX Board accepted the resignation of Mr Elmer Funke Kupper as Managing Director and CEO of ASX Limited. His resignation is effective immediately.
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HKEX: Exchange Publishes Its Latest Listing Committee Report
The Stock Exchange of Hong Kong Limited (the Exchange), a wholly owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today (Monday) published its Listing Committee Report 2015, a review of the work of the Listing Committee in upholding market quality last year and an overview of its policy agenda for 2016 and beyond.
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Speakerbus Extends Voice Offering In EMEA With Westcon Partnership
Speakerbus, the specialist provider of critical voice solutions for financial, emergency and command sectors, announced today that is has signed an agreement with Westcon Group, a leader in distribution of products and professional services for converged telecommunications solutions, to distribute Speakerbus’ offerings in the EMEA region.
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IMF Managing Director Concludes Visit To China, Meets Chinese Leadership
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today concluded a two-day visit to China and issued the following statement:
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Eurex Expands Equity Index Segment With New Quanto Futures - Launch Of USD-Denominated Futures On The Euro STOXX 50 Index As Of 21 March 2016
Eurex, one of the world’s leading derivatives exchanges and part of Deutsche Börse Group, will introduce Euro STOXX 50 quanto futures as of 21 March 2016. The USD-denominated product allows investors to participate in the performance of the index without being subject to currency fluctuations between Euro and US dollar.
The new quanto futures will finally settle into the same level as the Euro STOXX 50 futures, which are the most liquid derivatives instruments in Europe, but with fees and margins being paid in US dollars. Currently, quanto risks coming from US dollar denominated structured products are primarily hedged by banks via OTC forwards.
“With the new quanto futures, Eurex will offer an on-exchange alternative to the OTC market, enabling the trading of equity/FX correlation but also providing non-European clients the ability to trade European equity exposure in their preferred currency,” explained Mehtap Dinc, member of the Eurex Executive Board, responsible for Product Development.
At market launch, Eurex will offer a special market-making program to incentivize order book liquidity. A number of participants have already signaled their interest in market making.
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HKEX Welcomes Government Re-appointments To Its Board
Hong Kong Exchanges and Clearing Limited (HKEX) welcomes the Government's re-appointment of Chow Chung Kong and Timothy Freshwater to its Board of Directors. Mr Chow is HKEX’s current chairman.
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Capital Markets Union And The European Monetary And Financial Framework - Keynote Speech By VÃtor Constâncio, Vice-President Of The ECB, At Chatham House, London, 21 March 2016
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HKEX: Forfeiture Of Unclaimed Final Dividend For 2009
Pursuant to the Articles of Association of Hong Kong Exchanges and Clearing Limited (“HKEX”), the unclaimed final dividend for 2009 will be forfeited and will revert to HKEX on 3 May 2016.
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modeFinance Gives The Barilla Group A B1+ Rating (First Issuance) - The Italian Start-Upâs Debut As Europeâs First Fintech Rating Agency
The modeFinance rating agency has given Barilla Holding SPA a B1+ corporate credit rating. The rating (first issuance) that modeFinance has published on the Italian food multinational reflects its good capacity to repay debts, with limited exposure to adverse changes in macro-economic factors. The B1+ rating forms part of modeFinance’s classification table, which ranges from D, when a company cannot meet its financial commitments, to A1.
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