vania-janet/multiturn-rag-retrieval-data huggingface dataset:
&gt; we make a trade-off between time to execute and market impact.  Is your time frame any longer than intraday? I imagine you wouldn't want to carry that risk overnight if you're a broker or selling a route..  &gt; we will join the bid for some fraction of our size, and also hit the offer when it looks like the price might be moving away from us  So, say for instance you join a bid a few levels down, you aren't really get filled, you start hitting the offer and eventually you realize you're competing with someone for the shares offered, so you take out the price level and bid on all the exchanges so that you're first on the bid at that level, then repeat until someone that can match your appetite starts to fill you on the bid?  &gt; In some certain situations we will even sweep the book several levels deep to avoid tipping off market makers and having them adjust in anticipation of the rest of our order.  Right, so say you need 100k shares, there are 10k offered at 9.98, 25k offered at 9.99, and 65k at 10.00, you might just enter an intermarket sweep order of 100k @ 10 limit and hope that you can get most of the shares off before everyone can cancel?  I imagine there has to be a lot of bidding it up to attract sellers and then letting people take out your bids all day...  I have a few other questions I would appreciate your insight on. Just trying to ascertain how orders are filled when, as you put it, time is more important than market impact to the client - when they need to take a large amount of liquidity as quickly as possible and as orderly as possible.  Let me know if you'd rather I pm you about this or the additional questions, I work in the industry as well so I know privacy is paramount.
The only thing I noticed in the article was that he was complaining about the gridlock in DC.  It isn't helping that DC is consumed by the Russian scandal and the only major change the GOP is focused seems to be wiping out health care for the poor and middle class in exchange for a tax break for billionaires.  Of course that is getting stuck.   Plus the Muslim ban and EPA edicts are kind of one pager decisions that break existing laws.  They are clearly created by people who don't understand how laws and the government works.  The administration were to change laws they don't like rather than just vomit out random administrative orders.  Of course those get stuck in the court system.     Frankly, I don't want to see the GOP succeed with any of those initiatives as they are only deliberating between bad and terrible changes for the country.   When a government is fucked, gridlock is a good thing.
"From some of your previous questions it seems like you trade quite often, so I am assuming you are not a ""Buy and Hold"" person. If that is the case, then have you got a written Trading Plan? Considering you don't know what to do after a 40% drop, I assume the answer to this is that you don't have a Trading Plan. Before you enter any trade you should have your exit point for that trade pre-determined, and this should be included in your Trading Plan. You should also include how you pick the shares you buy, do you use fundamental analysis, technical analysis, a combination of the two, a dart board or some kind of advisory service? Then finally and most importantly you should have your position sizing and risk management incorporated into your Plan. If you are doing all this, and had automatic stop loss orders placed when you entered your buy orders, then you would have been out of the stock well before your loss got to 40%. If you are looking to hang on and hoping for the stock to recover, remember with a 40% drop, the stock will now need to rise by 67% just for you to break even on the trade. Even if the stock did recover, how long would it take? There is the potential for opportunity loss waiting for this stock to recover, and that might take years. If the stock has fallen by 40% in a short time it is most likely that it will continue to fall in the short term, and if it falls to 50%, then the recovery would need to be 100% just for you to break even. Leave your emotions out of your trading as much as possible, have a written Trading Plan which incorporates your risk management. A good book to read on the psychology of the markets, position sizing and risk management is ""Trade your way to Financial Freedom"" by Van Tharp (I actually went to see him talk tonight in Sydney, all the way over from the USA)."
Well, you're taking two companies who are overhauling their networks in a similar way (LTE) and combining resources... Combining Sprint's and Softbank's orders for phones and LTE equipment reduces overall cost per unit which allows both companies to offer better service and better devices for less. There is also the added advantage of capturing customers that travel between the US and Japan... Make it easier and cheaper to use one device in both countries.   That's what they're aiming for.
"&gt;Trust me: those ""EDI operators"" (called ""EDI Service Bureaus"" in the US) have a unique EDI map for each trading partner, because, as I said, each trading partner sends the EDI data in a completely different way.  Different ERP systems have different mappings, but there are no unlimited amount of ERP systems. If you can cover SAP, Microsoft and Oracle you can already trade EDI messages between most of the big parties. You only have to make the EDI mappings once for a system and if you have dediceted process to update them it is not hard to sell it to companies that want to have EDI processes.  We never had to do any kind of mappings our self. I guess the infra in EU is just a bit ahead of what you got in US.  &gt;EDI service Bureaus charge $$$ per message  So does it cost to scan, input data and process the invoice. For us it was easy choice as it is way faster, more reliable and also cheaper than having someone do all the data input into ERP.  &gt;Shortly, invoices from suppliers are for many different types of services handled by many different departments.  For all those we have automated rules. Freight orders are sent through a 3rd party system that matches the invoices to the freight orders. They have our freight prices and can automatically approve the invoices with the tables or reject them and ask for a credit.  Goods invoices have the PO-number. The shipping documents have the same PO-number and when a item is received with a PO number it is allocated to a invoice with the same PO number. Buyers know if the PO is not full filled automatically as the inventory will not match what was ordered.  HR invoices will go to HR department automatically and they just have to check if the invoice is correct. Postings and deparment allocations are done by automatic rules here also.  Office supplies can either be bought by PO number or with reference to who the invoice has to be sent for inspection. Inspector can change the automatic postings if there is something incorrect with the automatic posting.  The system we have has been quite flexible and there has not been much of need for customization after the initial setup.   Of course there is still some manual postings to be done, but lot less than without."
If you really did have a large share size, a market order would move the price more so in your desired direction. Although your cost basis would be less ideal. Just use limit orders and scale in to a position. You can also exercise puts to be short stock
See the first item in the list: For our everyday business purposes – such as to process your   transactions, maintain your account(s), respond to court orders and   legal investigations, or report to credit bureaus Note that there's no option for you to limit this sharing. Credit reporting is the business need of the bank, not of the bureaus. They rely on them and others reporting it in their main business: lending. While you can limit the sharing with other banks/insurance companies/service providers so that you won't get offers from them based on the data shared by the bank, you cannot limit the credit reports themselves.
To a certain extent, this is fallout from international companies cutting orders for hardware due to NSA concerns. Cisco orders have been cut in England, Most of continental Europe, China, etc. IBM is also having lots of orders cut and MS is feeling the pressure too. There have been numerous articles on this in the last year, and here is one of those.  http://www.zdnet.com/ciscos-nsa-problem-is-going-to-whack-all-of-us-techs-growth-plans-7000029495/  NSA spying has real World consequences in business. Another: http://www.nytimes.com/2014/03/22/business/fallout-from-snowden-hurting-bottom-line-of-tech-companies.html?_r=0
"People must simply be willing to match your orders if they know about it. You can sniff orders out if you can see them or predict them. For instance, you can look at an order book and decide who you want to get filled at, especially if you are looking at different quotes from different exchanges. So you can get a ""better"" fill just by looking at what someone is willing to pay to enter/exit their order as well as what exchange they placed their order through, and send an order to that specific exchange to match them. You (or a program) can just watch the level 2's and place an order as soon as you see one you like. The orders on the level2's do not reveal ALL interested market participants. Also many brokers have difficulty updating options quotes. Finally, options & market volatility can inflate or decrease the price of options by large percentages very quickly."
"The question is, how do I exit? I can't really sell the puts because there isn't enough open interest in them now that they are so far out of the money. I have about $150K of funds outside of this position that I could use, but I'm confused by the rules of exercising a put. Do I have to start shorting the stock? You certainly don't want to give your broker any instructions to short the stock! Shorting the stock at this point would actually be increasing your bet that the stock is going to go down more. Worse, a short position in the stock also puts you in a situation of unlimited risk on the stock's upside – a risk you avoided in the first place by using puts. The puts limited your potential loss to only your cost for the options. There is a scenario where a short position could come into play indirectly, if you aren't careful. If your broker were to permit you to exercise your puts without you having first bought enough underlying shares, then yes, you would end up with a short position in the stock. I say ""permit you"" because most brokers don't allow clients to take on short positions unless they've applied and been approved for short positions in their account. In any case, since you are interested in closing out your position and taking your profit, exercising only and thus ending up with a resulting open short position in the underlying is not the right approach. It's not really a correct intermediate step, either. Rather, you have two typical ways out: Sell the puts. @quantycuenta has pointed out in his answer that you should be able to sell for no less than the intrinsic value, although you may be leaving a small amount of time value on the table if you aren't careful. My suggestion is to consider using limit orders and test various prices approaching the intrinsic value of the put. Don't use market orders where you'll take any price offered, or you might be sorry. If you have multiple put contracts, you don't need to sell them all at once. With the kind of profit you're talking about, don't sweat paying a few extra transactions worth of commission. Exercise the puts.
I deleted my previous comment. Here's an illustration:  Let's say you're betting in a horse race. This horse race allows anyone who's willing to take bets during the race to do so.  So you bet on horse A Another guy bets on horse B  Your horse (a) runs the race normally.  The guy on horse B, however, notices his horse will lose but that C is going to win.  So he sends a bunch of his friends to the ticket counter ahead of time. Then, when he wants to be on C he just has a friend bet for him. He can do that while you're stuck at the back of the line.   In the market, they can distribute the orders among each other in the same way. The friends are just servers but they let everyone know when the orders are coming in. They don't know before he places the order but once he does they're already in line faster than you can be in line.
There's some differences between 2008 and now.  Bush, then Obama didn't want to go after the bankers too hard because they were trying every trick in the book in order to try and reinstil confidence in the stock market and US financial system in order to convince people to start lending money again and break the country out of a deflationary liquidity cycle.  Today, even if Sears going boom tumbled a bunch of other commercial real estate firms and retail stores, it wouldn't suddenly make the banks insolvent in the short run.
They are.   For example, they both have LTE equipment and labor contracts with Ericsson. The deal basically means that they can mass-order LTE network hardware from Ericsson, save on cost per unit,  and ship them between Japan and the US as needed.   Hardware that supports multiple frequencies does exist.  Both carry the iphone and Sprint can help secure better devices for Softbank while Softbank can provide an easy way for OEMs, previously unknown in the US, to cross over.   When Apple demands that carriers make large orders of iphones,  Sprint and Softbank can both make the order and pass inventory between them.  Language related issues are not a big deal these days.
From Indian context, there are a number of factors that are influencing the economic condition and the exchange rate, interest rate etc. are reflection of the situation. I shall try and answer the question through the above Indian example. India is running a budget deficit of 4 odd % for last 6-7 years, which means that gov.in is spending more than their revenue collection, this money is not in the system, so the govt. has to print the money, either the direct 4% or the interest it has to pay on the money it borrows to cover the 4% (don't confuse this with US printing post 2008). After printing, the supply of INR is more compared to USD in the market (INR is current A/C convertible), value of INR w.r.t. USD falls (in simplistic terms). There is another impact of this printing, it increases the money supply in domestic market leading to inflation and overall price rise. To contain this price rise, Reserve Bank of India (RBI) increases the interest rates and increases Compulsory Reserve Ratio (CRR), thus trying to pull/lock-up money, so that overall money supply decreases, but there is a limit to which RBI can do this as overall growth rate keeps falling as money is more expensive to borrow to invest. The above (in simplistic term) how this is working. However, there are many factors in economy and the above should be treated as it is intended to, a simplistic view only.
"Yeah, it unfortunately doesn't make sense to just retard the orders since they're trying to do two things: A) Avoid information asymmetry from their own market systems (ignoring the fact that they've completely cocked this up in relation to the SIP bit above), and B) Avoid information leakage before they, themselves, can move their own managed ""pegged"" orders off a collapsing inside (DPEG).  To achieve A both market data and order traffic need to be retarded, and for B, really you need the market data to be retarded."
"So, let's dump the specified way of doing things because it doesn't implement someone's pet project; is that your argument? ""Executive Orders"" are orders *to the Executive Branch*. Executive-branch agencies *aren't making laws*.  If you think things ought to work as your fantasy describes, get cracking on a Constitutional amendment to make it so; stop throwing ""war on whites"" and ""don't believe in science"" strawmen in the mix. They aren't arguments."
It's impossible to determine which event will cause a major shift for a certain currency pair. However, this does not mean that it's not possible to identify events that are important to the overall market sentiment and direction. There are numerous sites that provide a calendar for upcoming and past events and their impact which is most of the time indicated as low, medium and high. Such sites are: Edit: I would like to add to that, that while these are major market movers, you cannot forget that they mainly provide a certain direction for the market but that it's not always clear in which direction the market will go. A recent and prime example of a major event that triggered opposite effects of what you would expect, is the ECB meeting that took place the 3rd of December. Due to the fact that the market already priced in further easing by the ECB the euro strengthened instead of weakening compared to the dollar. This strengthening happened even though the ECB did in fact adjust the deposit by 10 base points to -0.30 % and increased the duration of the QE. Taking above example into consideration it's important to always remember that fundamentals are hard to grasp and that it will take a while to make it a second nature and become truly successful in this line of trading. Lastly, fundamentals are only a part of the complete picture. Don't lose sight of support and resistance levels as well as price action to determine when and how to enter a trade.
For those concerned with EMH, liquidity is also believed to increase efficiency in some forms because liquidity is proportional to the number of individuals invested thus reducing the likelihood of an insufficient number of participants. External inefficiency In the case of ETFs that do not perfectly track their underlying index less costs at all times between index changes, this is because they are forbidden from directly trading in the market on their own behalf. If they were allowed and honest, the price would always be perfect and much more liquid than it otherwise should be since the combined frequency of all index members is much higher than any one alone. If one was dishonest, it would try to defraud with higher or lower numbers; however, if insider trading were permitted, both would fail due to the prisoner's dilemma that there is no honor among thieves. Here, the market would detect the problem much sooner because the insiders would arbitrage the false price away. Indirect internal efficiency Taking emerging market ETFs as an example, the markets that those are invested into are heavily restricted, so their ETF to underlying price inefficiencies are more pronounced even though the ETFs are actually working to make those underlying markets more efficient because a price for them altogether is known."
"From my limited experience with foreign exchange... Money is a commodity.. people buy it and sell it like other products.. if ""money"" is in demand the price goes up.. this is the case when a countries stocks are hot, and you need to purchase that countries currency to buy that stock... I've also seen the currency rise on news and speculation.  Many years ago, I administered foreign receivables... My job was to settle letters of credit from Britain... I remember on one ocassion Margaret Thatcher said something to upset the markets.. her remark caused the price of the UK pound to fluctuate."
With student loans at 2%, I wouldn't pay a dime over minimum on that, and I certainly wouldn't sell an investment property to pay them off, you can get CD's that beat 2% interest. With the rentals, you could sell the one that isn't performing as well and pay no capital gains tax if you lived in it 2 of the last 5 years (counting 5 years back from sale date). That'd be a nice chunk of money for your down-payment. The risk of using proceeds to buy a different rental property is that you may find you don't like being a distance landlord, and then you'd lose money selling or be stuck doing something you don't enjoy for a while until you can sell without a loss. Like you mentioned, the risk of selling either/both rental properties is that if the Arizona housing/rental markets do well you'd have given up your position and missed out. Ultimately, I think it's about your desired timeline, if you are content to wait a while to buy in San Diego, you could have a handsome down payment, will know whether or not you like being a distance landlord, and can sell/keep the rentals accordingly. Alternatively, if you want to get a house in San Diego sooner, then selling one or both rentals gets you there faster. If I was in your position, I'd probably sell the rental that I lived in and put that toward a down-payment on a primary residence, keeping the other rental for now and trying my hand at being a distance landlord.
ACWI refers to a fund that tracks the MSCI All Country World Index, which is A market capitalization weighted index designed to provide a broad measure of equity-market performance throughout the world. The MSCI ACWI is maintained by Morgan Stanley Capital International, and is comprised of stocks from both developed and emerging markets. The ex-US in the name implies exactly what it sounds; this fund probably invests in stock markets (or stock market indexes) of the countries in the index, except the US. Brd Mkt refers to a Broad Market index, which, in the US, means that the fund attempts to track the performance of a wide swath of the US stock market (wider than just the S&P 500, for example). The Dow Jones U.S. Total Stock Market Index, the Wilshire 5000 index, the Russell 2000 index, the MSCI US Broad Market Index, and the CRSP US Total Market Index are all examples of such an index. This could also refer to a fund similar to the one above in that it tracks a broad swath of the several stock markets across the world. I spoke with BNY Mellon about the rest, and they told me this: EB - Employee Benefit (a bank collective fund for ERISA qualified assets) DL - Daily Liquid (provides for daily trading of fund shares) SL - Securities Lending (fund engages in the BNY Mellon securities lending program) Non-SL - Non-Securities Lending (fund does not engage in the BNY Mellon securities lending program) I'll add more detail. EB (Employee Benefit) refers to plans that fall under the Employee Retirement Income Security Act, which are a set a laws that govern employee pensions and retirement plans. This is simply BNY Mellon's designation for funds that are offered through 401(k)'s and other retirement vehicles. As I said before, DL refers to Daily Liquidity, which means that you can buy into and sell out of the fund on a daily basis. There may be fees for this in your plan, however. SL (Securities Lending) often refers to institutional funds that loan out their long positions to investment banks or brokers so that the clients of those banks/brokerages can sell the shares short.