What determines success on Wall Street? This study examined if genes affecting dopamine levels of professional traders were associated with their career tenure. Sixty professional Wall Street traders were genotyped and compared to a control group who did not trade stocks. We found that distinct alleles of the dopamine receptor 4 promoter (DRD4P) and catecholamine-O-methyltransferase (COMT) that...

Addressing the ongoing examination of high-frequency trading practices in financial markets, we report the results of an extensive empirical study estimating the maximum possible profitability of the most “aggressive” of such practices, and arrive at figures that are surprisingly modest. By “aggressive” we mean any trading strategy employing market orders on both position entry and exit, and re...

This paper is a contribution to the pricing and hedging of options in a market where the volatility is stochastic. The new concept of relative indifference pricing is further developed. This relative price is the price at which an option trader is indifferent to trade in an additional option, given that he is currently holding and dynamically hedging a portfolio of options. We find that the app...

Abstract Christoph Chesher joined publishing in 1984 as a sales rep at Blackwell Science (BSP) and built up team ground the UK abroad including India – he had an instant connection with country its vibrant books market. In 1993 OUP came to Routledge/T&F 1997, where took key decision set liaison office, which has since gone from strength strength, expanding full-scale publisher. Large wholes...

Risks faced by traders from price movements are sometimes magnified by the actions of other traders. Riskmanagement systems which neglect this feature may give a seriously misleading picture of the true risks. The hazards arising from this potential blindspot are at their most dangerous when the prevailing conventional wisdom lulls traders into a false sense of security on the attractiveness of...

The Pharmaceutical Industry witnessed a change after the formation of World Trade Organization (WTO) in 1995 when India, being a signatory member of WTO, adopted Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement. Indian pharmaceutical industry, being a highly fragmented one and dominated mostly by a large number of smaller enterprises, was also apprehensive when TRIPS was ...

The Makran Coast (Iranian Coastline of the Oman Sea on the Northern Indian Ocean) plays an important role in country’s future navigation and trade due to its accessibility. In 2014, the Iranian Makran coastline was selected by the PMO to be studied as the Phase 6 in the series of Monitoring and Modelling Studies of Iranian Coasts with all disciplines being in investigated including currents. Al...

The EU has long been a global power in the world economy and in international economic policy-making. The EU is the largest trader in the world economy; in 2005, its external merchandise trade equalled about $ 2,790 bill., with a rather well balanced position: the external deficit of the EU came to about $ 134 bill. 1 In the same year, the US total merchandise trade came to about $ 2,637 bill. ...

It has been widely believed that the tropical Pacific trade winds weakened in the last century and would further decrease under a warmer climate in the 21st century. Recent high-quality observations, however, suggest that the tropical Pacific winds have actually strengthened in the past two decades. Precise causes of the recent Pacific climate shift are uncertain. Here we explore how the enhanc...