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CLICK HERE TO DOWNLOAD THE PDF Alexander Barzykin, Philippe Bergault, Olivier Guéant and Malo Lemmel tackle two critical risks in market making that are seldom addressed beyond stylised models: adverse selection (arising from informed traders) and price reading (where the market maker’s quotes reveal their inventory). Practitioners are well acquainted with these risks, routinely facing…
Lowe’s on Wednesday reported mixed quarterly results as the home improvement retailer said it saw “pressure” in spending on projects. Though the company did not cut its full-year guidance, it updated its outlook to the bottom end of its prior guidance. It now expects total sales of $92 billion, compared with $92 billion to $94…
The soup has gone cold, or at least that’s what The Campbell’s Company (CPB +0.98%) stock has felt like over the past few years. Shares of Campbell’s have fallen nearly 30% in the past 12 months, and almost 50% over the last five years. The bear case is simple: Sales are falling, margins are compressing,…
A Hong Kong court began hearing arguments on whether a deal that set up a fund to compensate China Evergrande minority shareholders is valid. Processing Content The city’s Securities and Futures Commission struck the HK$1 billion ($127.6 million) deal with PricewaterhouseCoopers’ Hong Kong affiliate in April to settle investigations into the firm’s auditing work for…
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways The world’s most successful entrepreneurs have one habit in common: They never stop being students. In an age where knowledge is everywhere and AI can answer almost any question, the real competitive advantage no longer lies in knowing more. The advantage lies in staying curious,…
Public sector banks (PSBs) have proposed carving out a 2 per cent sub-target for climate and transition finance within the existing priority sector lending (PSL) requirement of 40 per cent of adjusted net bank credit (ANBC) for scheduled commercial banks. They have also sought higher lending limits for loans to the renewable energy sector…
In the past, a community bank in Connecticut could attract customers through physical branches and marketing efforts, but expanding beyond its geographic footprint was cumbersome. Today, that same bank can partner with a single independent software vendor (ISV) and unlock a channel to thousands of customers across the U.S. who were previously unreachable. In a…
In a Monday note, CIBC senior economist Andrew Grantham summed up the file as “nothing to worry about.” According to the Financial Post, Grantham wrote that the subdued core readings mean no rush to raise rates, giving policymakers time to weigh oil swings, tariffs, and whether the activity rebound holds. CIBC forecasts no change until around mid-2027. …
Whether you’re paying for admission to an observation deck or a rooftop bar, going to the top of a skyscraper in any major city will probably cost you money. For the most part, London is no exception. Many people go to The Shard, a 1,016-foot skyscraper with panoramic views of the city. Tickets start at…
The classic blue color of denim has an environmental cost: Dyeing a single pair of jeans uses 20 gallons of water and requires industrial chemicals. But a new approach to digital printing re-creates the same look with around 2 tablespoons of water and bio-based dyes. A startup called Wtrlss, now beginning to work with major…