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Showing posts from 2016

DHFL 9.30% Non-Cumulative Debentures (NCDs) – August 2016

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After the successful issue of Edelweiss Housing Finance Limited (EHFL), DHFL, or Dewan Housing Finance Limited, is coming out with its issue of Non-Convertible Debentures (NCDs) from the coming Wednesday i.e. August 3, 2016. These NCDs will carry coupon rates in the range of 8.83% to 9.30%, resulting in an effective yield of 9.20% to 9.30% for the individual investors. Though the issue is scheduled to close on August 16, it is highly unlikely that it doesn’t get oversubscribed in the first two days itself. Given a bumper response to the Edelweiss Housing Finance NCDs issue, this issue should also get oversubscribed on the first day itself. Before we take a decision whether to invest in this issue or not, let’s first check the salient features of this issue. Size & Objective of the Issue – The company plans to raise Rs. 400 crore from this issue, including the green shoe option of Rs. 300 crore. The company plans to use the issue proceeds for its lending and financing acti

Golden Time to Invest in Gold Bonds

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All that Not Glitters are also Gold. :) Gold is one of the precious metal, It is as precious as time. We compare phases as golden time or golden age etc. Gold trading has a long history. Discovered in ancient times, gold has been a sign of wealth and social position in many societies since it was first used as currency. Today gold is still an important material of trade and business. Gold coins as medium of exchange was since from ancient times of India. They circulated as currency in many countries before the introduction of paper money. Once paper money was introduced, currencies still maintained an explicit link to gold (the paper being exchangeable for gold on demand). Sir Isaac Newton compared the value of gold to silver in his system of measurement. Some people think that this was when the gold standard was first set. Countries value gold as a measure of wealth and a base of exchange. Individuals value gold as insurance because paper money is not always ce

Amazon Cloud Web Services Opens in Mumbai Region to better serve Indian market

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Amazon Cloud Web Services Opens in Mumbai Region to better serve Indian market The new Mumbai region has two Availability Zones, raising the global total to 35. It supports Amazon Elastic Compute Cloud (EC2) (C4, M4, T2, D2, I2, and R3 instances are available) and related services including Amazon Elastic Block Store (EBS), Amazon Virtual Private Cloud, Auto Scaling, and  Elastic Load Balancing. The new Mumbai Region is currently available for multiple services, including Amazon Elastic Compute Cloud (Amazon EC2), Amazon Simple Storage Service (Amazon S3), and Amazon Relational Database Service (Amazon RDS). For a complete list of AWS Regions and services This Web Services Mumbai region brings the total number of AWS data center farms to 13 worldwide. In cloud parlance, a “region” is a massive set of data centers built to provide fast services to a given geographic location. The Mumbai facility consists of two availability zones, the equivalent of separate sets of data cent

Systematic Investment Plan

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 Brief about Systematic Investment Plan  Popularly Called as SIP investments or SIP. SIP is a smart and hassle free mode for investing money in various Asset Classes SIP allows you to invest a certain pre-determined amount at a regular interval (weekly, monthly, quarterly, etc.). A SIP is a planned approach towards investments and helps you to making habit of saving and building wealth for the future. SIP is a disciplined approach to investments. Why to Invest? Its very simple .. just to make Money. there are only two ways to make money: by working and/or by having your assets work for you. If you keep your money in your back pocket instead of investing it, your money doesn't work for you and you will never have more money than what you save. most of us were taught that you can earn an income only by getting a job and working. And so that's what most of us do. But there's a limit to how much we can work and how much money we make out of it–not to

Open ZERODHA account through us and Get My Personal Stock Market Research Data on Google Drive Folder

Open the Zerodha Account with Our Reference ZLM Entry Form - LH Refer a client Name: Email: Phone: Message: Submit Benefits of opening Account with Us. We are Zerodha Marketing Associate Partners, If you will fill your details on above form the Zerodha Sales Manager will call you directly and will process your Account opening procedure Very Fast. Additionally i  will share you my Personal Google drive Folder for Opening Zerodha Account through my reference. Note: I am Sharing my Personal Google Drive Folder as value added service with my personal Interest , once your account is opened in Zerodha through my reference as a lead. My Google Drive Folder Contains: 1. NSE  EOD  data of  15+ Years and it will be updating in timely basis with mor

Sebi spotlight on BSE, NSE dark fibre the controversy at NSE: Did some brokers get special benefit? Sebi to find out

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The Union finance ministry has asked market regulator Securities and Exchange Board of India (Sebi) to probe the alleged "dark fibre links" between the BSE and the NSE, and has been informed, in turn, that a "preliminary fact finding" exercise is already underway. The BSE and the NSE have also been asked to provide inputs. When asked about the issue, the former declined to comment, and the latter said the allegations were baseless. Business Standard has reviewed the letters sent by the finance ministry to the Sebi over the past few months, along with the internal notes, which were obtained under the Right to Information (RTI). The documents showed that the ministry swung into action after receiving, in November, a whistle-blower account that talked about the "dark fibres" and other issues in high frequency trading (HFT). According to the ministry note sent to the Sebi, "The recent letter from the whistle-blower dated October 3, 2015, ta

Optimal Approach to Algorithmic Trading

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Optimal Approach to Algorithmic Trading The best execution through use of algorithmic tools depends to a large extent on the presence of various critical ingredients, such as: Clear understanding of portfolio management strategies and objectives Robust pre-trade models Balancing timing and impact cost issues Effective intelligent integration of OMS and direct market access trading platforms Close, iterative relationships with algorithmic trading providers Thorough post-trade analysis and feedback  All these critical requirements make the design of the algorithmic platform a Big challenge requiring the following attributes: Adaptable: Providing high speed transmission of market data and transaction messages to other applications and users Offering a vendor independent platform that is able to accept and distribute data from any market data vendor Having pre-integrated security and monitoring for both compliance and cost effective operations Streaml

Trading Algorithms: Areas of Concern

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Trading Algorithms: Areas of Concern Lack of Visibility We know what a specific algorithm is supposed to do, measure its pre-trade analytics and see how the post-trade results match up to that expectation. But if the trader didn’t select the most optimal algorithm for that trade little can be done. This problem is caused by a lack of visibility and transparency into the algorithm while it is executing orders. Algorithms Acting on Other Algorithms If fund managers trading pattern is spotted and regular; tracked with the use of algorithms, then these algorithms are liable to be ‘reverse engineered’. This implies that their buy and sell orders are pre-empted and used to the maximum effect by their competitors. Here, algorithms are acting on other algorithms. Which Algorithm to Use for Trading? With brokers offering many algorithmic strategies , one concern is that buy-side institutions lack the tools to understand which algorithm to use for a particular stock. The lack of a