New Technology Paper XCOM 225 New Technology Paper Technology is continually changing the way society communicates and receives information. The past century has produced new technologies that have created alternate methods for sharing news and information. Television and print media, such as newspapers, magazines, and books were the primary means for receiving information, however now the internet and electronic books (ebooks) have taken the lead. This paper will discuss how ebooks work, what
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billion. The loss was caused by a large exposure to the Japanese stock market, which was achieved through the futures market. Leeson, the chief trader for Barings Futures in Singapore, had been accumulating positions in stock index futures on the Nikkei 225, a portfolio of Japanese stocks. As the market fell more than 15 percent in the first two months of 1995, Barings Futures suffered huge losses, which were made even higher due to the sale of options, which implied a bet on a stable market. As losses
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established in the name of the bank. | |When it went into receivership on February 27, 1995, Barings, via Leeson, had outstanding notional futures positions on Japanese | |equities and interest rates of US$27 billion: US$7 billion on the Nikkei 225 equity contract and US$20 billion on Japanese | |government bond (JGB) and Euroyen contracts. Leeson also sold 70, 892 Nikkei put and call options with a nominal value of $6.68 | |billion. The nominal size of these positions is magnificent;
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Topic: The biggest scams in the banking history Course: Banking Students: Nino Vepkhvadze, Gohar Trchunyan, Giorgi Menteshashvili & Giorgi Paksashvili Date: 04.06.2012 A fraud, by definition, is the act of deliberate deception of people to secure an unlawful gain. These are mainly for the purpose of defrauding money as well as prestige rather than immediate financial gain. A study by BBC has revealed that the average woman lies twice a day while a man tells three lies a day. However, the
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The Nikkei 225 Reconstitution The objective of this case is to understand the effects of demand on security prices, and to understand the role of price impact on trading decisions 1. As a portfolio manager for the UNIL Advisors Nikkei 225 Index fund, which has ¥100 billion of assets linked to Nikkei 225 index, what would you do when you hear the news of index reconstitution? 2. What would you do if, instead, you were at the proprietary trading desk of Goldman Sacs? Strategic Capital Management
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Case study- The Collapse of Barings Bank 1. What was Nick Leeson’s strategy to earn trading profits on derivatives? The play here was very simple – trading futures on the Nikkei 225 as the underlying. The Nikkei 225 was traded as a future on both the SIMEX and the Osaka markets. There were always known to be differences between the two markets which could be arbitraged. The idea was to exploit the differences between the 2 markets , and execute in the cheaper market on client orders. This would
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The latest rage in technological gadgetry is the electronic reader (e-reader), a mobile electronic device designed primarily for the purpose of reading electronic (digital) books and periodicals. While this certainly sounds like a device that could only have been thought up in the twenty-first century, the original idea is credited to an “early-twentieth-century writer and impresario named” Robert (B0b) Carlton Brown according to The New York Times (Schuessler, 2010). Though there are many credits
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The V-Chip Nicholas Vess XCOM/225 8 November 2013 Charles Webster The V-Chip Most television programs are now assigned a rating according to the system established by the television industry and, based on these ratings, the V-Chip can block content deemed not suitable by the owner. This is very effective when trying to block unsuitable programing from children. Since the device blocks anything rated inappropriate, children will not see the offensive material. Parents can
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