His experience illustrates how the volatility caused by the crisis, along with a new remote mindset of working from home, has pushed more traders to go digital in a market that has historically lagged stocks and forex in electronification.That trend is reflected in the business on electronic bond-trading platforms.For example MarketAxess, one of the biggest players, enjoyed record trading volumes in March. At rival Tradeweb, average daily turnover hit a record aggregate $1 trillion in that month, a more than 41 percent year-on-year increase.Meanwhile MTS, part of the London Stock Exchange Group, said it won several large asset managers in Europe as clients during the crisis.Read also: Investors turn to government bonds amid market uncertaintyYet traders stress that dealers and clients speaking to one another will long remain a key component of the industry, especially at times of heightened volatility.Even as Rasmussen went electronic to push through his trade, for example, he was also talking to buyers to agree “switches” – swapping one type of US bond for another to share risk.The jump in electronic trading activity coincided with both a rush into government bonds as the coronavirus sparked demand for safe-haven assets, and then a sharp selloff as investors sold their most liquid assets to make up for losses elsewhere.Liquidity and transparencyElectronic trading – where transactions are carried out using software on online platforms, rather than via dealer-client “voice” trades – can carry major benefits for the $100 trillion-plus world of government and corporate debt.Regulations such as MiFID II in Europe to improve transparency have also boosted electronic trading.For one, traders executing deals can quickly gauge market depth on their screens, freeing time for more complex trades. For another, it offers lower costs for investors; two dealers estimated it to be 10 percent-30 percent cheaper than traditional voice trades.Electronic bond trading activity surges in March. Data source: MarketAxess. (Reuters Graphics/Ritvik Carvalho)Nonetheless, while most bond industry players acknowledge that much of the future is digital, many have been reluctant to go fully electronic.Around 45 percent of the European fixed-income market is electronically traded, versus 38 percent a year ago, consultancy Greenwich Associates estimates. In the $6.6 trillion-a-day currency market, 90 percent of spot trading is conducted digitally.However the COVID-19 crisis is accelerating the electronification of the bond market, according to industry players.Many such as Tony Rodriguez, US-based head of fixed income strategy at Nuveen Asset Management, said a need for greater liquidity had boosted electronic trading activity.“A lot of trades were pushed electronically because of greater liquidity and transparency – so the crisis pushed what was already in place,” he said.Andrew Falco, global head of FX and fixed income trading at Fidelity International in London credits electronic trading with allowing connectivity in a market suddenly dispersed by remote working.This kind of technology enabled the transition from working in an office to working from kitchen tables, he told Reuters.Read also: Bond financing to swell further as Finance Ministry plans to issue samurai bondsHe said some lessons had been learned about this last year when Fidelity’s Hong Kong team struggled to work in the office because of the unrest roiling the city.“So for us in 2020, we finessed the e-trading home set-up and ensured it worked well, whether it was in HK, Shanghai, Dublin or the UK,” he added.‘Imagine this 25 years ago’For the banks who provide dealer and execution services, though, the electronic shift may be eating into fixed-income revenues; during the March quarter, earnings from bond trading at the world’s biggest 12 banks remained below levels seen in 2014, research firm Coalition calculates.But they too are accelerating the push to digital services, particularly for the automation that helps them when volatility spikes.JP Morgan, for instance, uses an algorithm to help generate price quotes on its forward FX platform, which includes bonds, fielding “hundreds of thousands of enquiries” and transacting “thousands of trades a day” during the crisis, said Tom Prickett, co-head of EMEA rates at the bank.Another big player, Goldman Sachs, said clients ramped up calls for the electronification and automation of companies’ bond sales, until now a slow process conducted manually.“The crisis revealed some of those shortcomings in bright lights,” said David Wilkins, Goldman’s head of FICC execution services in EMEA.Investors and traders acknowledged that digital technology had been a saviour during the pandemic, a view expressed across a host of industries.Read also: Investing in bonds safe bet amid market volatility: Experts“Imagine something like this happening 25 years ago, when emails didn’t exist, electronic communication was not really there,” said Zoeb Sachee, head of euro linear rates trading at Citibank who oversees government bond trading in European markets.The old and the newBut, for the foreseeable future at least, the bond market is likely to encompass the old and the new: technology as well as traditional trading models based on dealer-client relationships.Traders of European investment-grade corporate bonds during the crisis often negotiated deals by phone before using a platform to settle, according to an International Capital Market Association (ICMA) report.“Bond markets are very much relationship-driven and I don’t see how that goes away,” said report author Andy Hill.This was echoed by Falco at Fidelity.“The view that we felt as a team was that we would use technology where we had confidence in the price that we could see on the screen, and when we didn’t have the confidence in the price, we would execute manually.”Topics : The mammoth bond market has long been the old-school bastion of the financial world, but the COVID-19 pandemic has cast a light on its future – and it looks electronic. Well, mainly.At the height of the market panic in March, Seattle-based Brandon Rasmussen, a senior fixed-income trader at US$300 billion asset manager Russell Investments, had a client order to sell $2.5 billion worth of United States Treasuries.He found, though, that such a transaction was near-impossible in a highly volatile market that made no exceptions for even one of the world’s most sought-after assets. Dealers refused to quote prices by phone, adding to the stress of executing a large order without distorting the market.Read also: Retail govt bond coupon of 6.4% attractive for investors: AnalystsThe solution Rasmussen eventually settled on was to break the order up into smaller chunks and process them electronically – something he may not have considered a few weeks earlier.“The feedback that we got from dealers was that they were not quoting on the phone. They couldn’t do that, they couldn’t keep up with that,” he said. “I think what this crisis has shown is that really if you weren’t trading electronically, you should be trading electronically.”
Arsenal’s misfortunes have continued under interim boss Ljungberg (Picture: Getty)Allegri, who guided Juve to five successive Serie A titles, is one of the names in the frame, but according to The Evening Standard he is sceptical about taking over the reins in north London.AdvertisementAdvertisementADVERTISEMENTFirstly, the Italian needs to be convinced of the club’s ambition, with the side having fallen 10 points adrift of the Champions League places, while several key players are running down their contracts.Secondly, he needs to be shown that Arsenal genuinely want him to take over, having been left disappointed with how he was overlooked when the club were looking for a replacement for Arsene Wenger.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalAllegri was interviewed for the Arsenal job in the summer of 2018 but was beaten to the role by Emery, while Manchester City coach Mikel Arteta was also believed to have been ahead of the Italian in the Arsenal board’s thinking.If Arsenal do now want Allegri as their manager they will have to wait until the summer with the 52-year-old confirming that he will not take over a club midway through the season. Metro Sport ReporterSaturday 7 Dec 2019 2:00 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link Advertisement Allegri is enjoying his year out of management and will not return until June (Picture: Getty)Speaking to ESPN, he explained: ‘I don’t know if you can call it a sabbatical or not. As soon as the relationship with Juventus came to an end, the decision was to take a year out.‘Next year will be an important year. Important for the choice I end up making and the need to be prepared for it. After a year out and five years at Juventus, I don’t want to go back into the game and do badly.’MORE: Max Allegri distances himself from Arsenal job and says he will not return to management until JuneMORE: Arsenal fans turn on Pierre-Emerick Aubameyang for ‘abusing’ Joe Willock after misplaced pass in Brighton defeatMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City Comment The Italian coach will take some persuading to move to the Emirates (Picture: Getty)Former Juventus manager Massimiliano Allegri has reservations about taking over at Arsenal and will need convincing to join after being overlooked for the role previously in favour of Unai Emery.The Gunners are currently on their longest run without a league win since 1977, with interim manager Freddie Ljungberg suffering defeat in his home bow at the Emirates against Brighton on Thursday night.While Arsenal’s hierarchy are happy to remain patient in their hunt for a permanent successor to Emery, and will give Ljungberg time to prove his credentials, they are drawing up a list of candidates. Max Allegri has two big concerns about replacing Freddie Ljungberg at Arsenal Advertisement
The Federalist 6 January 2015Last June, the progressive blogosphere erupted in outrage over an article I published in the Washington Post on marriage and domestic violence. Much of the outrage was understandable, as the first headline the Post ran was inflammatory, inaccurate, and unapproved by me:But some of the outrage directed towards the article focused on the conclusion that Robin Fretwell Wilson and I drew about the connection between family structure and the safety of women and children. We pointed out the data show that women and children are much less likely to be the victims of violence when they are living in an intact marriage: “Married women are notably safer than their unmarried peers, and girls raised in a home with their married father are markedly less likely to be abused or assaulted than children living without their own father.”This conclusion, and the substance of our article, raised the ire of Mona Chalabi at FiveThirtyEight, who wrote that we “misused the data on violence against women.” Our sins? We reported a Department of Justice study showing that married women are markedly less likely to be the victims of intimate partner violence than are single women and women living in “other household” arrangements, and another DOJ study that found that never-married women are almost four times more likely to be victims of violent crime, compared to married women. The problem with featuring this research, according to Chalabi, was that we did not qualify it by acknowledging that other factors such as “education, income and race could also partly explain trends in intimate violence” and even confound the link between marriage and women’s safety. Forget, for a second, that reportage and commentary on bivariate relationships is now a staple of explanatory journalism (e.g., Vox’s recent report on racial disparities in police shootings). Let’s just take Chalabi’s critique at face value: Is it possible that dramatic differences in domestic violence associated with marital status are really just a consequence of underlying socioeconomic differences between married women and unmarried women—for instance, that married women tend to be better educated and better off than their unmarried peers?Data Indicates Marriage Itself Makes a Major DifferenceNot likely, judging by an article posted yesterday at Family Studies by Nicholas Zill, a psychologist and the founding executive director of Child Trends. Using data from the 2011-12 National Survey of Children’s Health, which surveyed more than 90,000 parents of children aged 17 and under, Zill reports that domestic violence is much lower in families headed by intact, married parents. The figure below shows differences, by family structure, in the odds that parents reported that their child had ever seen or heard “any parents, guardians, or any other adults in the home slap, hit, kick, punch, or beat each other up,” after adjusting for differences in the sex, age, and race or ethnicity of the child, as well as family income, poverty status, and parent education.So, even after controlling for Chalabi’s pet variables—“education, income and race”—Zill finds that homes headed by never-married, separated, or divorced mothers are about five times more likely to expose children to domestic violence, compared to homes headed by married, biological parents. What’s more: family structure outweighs education, income, and race in predicting the odds that children witness domestic violence in the home.To be sure, Zill’s new analysis does not cover childless women, and the question posed in this survey does not specifically focus on violence against women in the home. But Zill’s article tells us that American mothers and children are much more likely to live in violence-free homes when the mother is married to the father of her children. This relationship holds even after taking into account the confounding variables Chalabi was most concerned about. So, at least judging by what’s happening in American families, this new study provides yet more empirical evidence in support of the thesis that married homes are safer.Marriage Even Matters More than MoneyThe close correlation between marital status and violence in the American family does not prove that marriage makes families safer. As Wilson and I noted in The Washington Post: “part of the story is about what social scientists call a “selection effect,” namely, women in healthy, safe relationships are more likely to select into marriage, and women in unhealthy, unsafe relationships often lack the power to demand marriage or the desire to marry. Of course, women in high conflict marriages are more likely to select into divorce.” In other words, high-quality relationships are more likely to turn into marriages and steer clear of divorce court.The family instability and low commitment associated with forming families outside of marriage generates its own conflictual dynamics.But it’s also likely that at least part of the story here is causal. That’s because, as we also pointed out in the Post: “men tend to settle down after they marry, to be more attentive to the expectations of friends and kin, to be more faithful, and to be more committed to their partners—factors that minimize the risk of violence.” It’s also the case that the family instability and low commitment associated with forming families outside of marriage—often, now, in a cohabiting relationship—generates its own conflictual dynamics. Research from the University of Chicago has found, for instance, that jealousy and violence are more common among cohabiting couples than married couples in the United States.The bottom line: this new study provides yet more evidence that violence against women (not to mention their intimates and children) is markedly rarer in families headed by married parents regardless of how well-off or well- educated mom is. We can speculate about the precise mechanisms—is it the commitment, the stability, the mutual support, the kinship ties, or the sexual fidelity marriage fosters more than its alternatives?—that accounts for this empirical link. But what should be clear to analysts willing to follow the data wherever it leads is this: a healthy marriage seems to matter more than money when it comes to minimizing the scourge of domestic violence in American families.http://thefederalist.com/2015/01/06/yesallwomenandchildren-are-safer-within-intact-marriages/W. Bradford Wilcox directs the Home Economics Project at the American Enterprise Institute and the Institute for Family Studies.
Sharing is caring! Tweet LocalNews Wounding trial commences May Assizes by: – May 8, 2012 Court gavel. Photo credit: kirkok.comA jury will be pooled on Wednesday for a two day trial in the first matter scheduled for the May Criminal Assizes at the High Court of Justice.Kiwani Jackson who pleaded not guilty to wounding Glen Ducreay with intent to disfigure him will be the first matter of the assizes.The state through the Office of the Director of Public Prosecutions intend to call a total of 10 witnesses to testify while Defence counsel Kondwani Williams who represents Jackson will call 2 witnesses.The trial involving Sherman Webb who is accused of murdering Barbadian Corey Rohan Poleon has been scheduled for 11th June, 2012.Six weeks has been allocated for this trial as witnesses who are out of Dominica must be summoned and available for the hearing.Dexter Jno. Baptiste who was charged for wounding with intent escaped from the State’s Prison and has not been found. The warrant for his arrest has been extended. Another trial involving a juvenile has been adjourned to the 16th of July, 2012 as Justice Birnie Stephenson-Brooks asked the attorneys involved to advise her on whether the High Court has jurisdiction to hear a criminal matter without a jury and whether the High Court can assemble a juvenile court.The Young Persons Act stipulates that juveniles be tried in a juvenile court and not at a high court. The murder trial involving David St Jean has been scheduled to commence on May 14th, 2012, another involving Dean Davis the 21st of May, 2012 and the other involving Clement Labassiere has been set for June 18th, 2012.The murder trial involving Jackie Languedoc has been set for July 2nd while the murder trial involving Shane Degallerie has been fixed for July 16th, 2012There are 7 other wounding trials involving Royson and Chasrey Thomas set for May 14th, Julien Davis set for May 21st, Kussy Evans set for May 29th and Marcus Augustine also set for May14th. There are two indecent assault trials one set for June 11th and the other June 25th while one kidnapping trail involving Clive Williams has been set for July 16th. Dominica Vibes News 21 Views one comment Share Share Share
Promoted ContentTarantino Wants To End His Career With This Movie?Who Is The Most Powerful Woman On Earth?9 Facts You Should Know Before Getting A TattooTop 7 Best Car Manufacturers Of All TimeSuper Recognizable Outfits That Actors Wore In The Famous Movies10 Irresistibly Cute Albino Animals That Will Make You Day2020 Tattoo Trends: Here’s What You’ll See This Year20 Celebs With Bizarre Hidden Talents And Skills9 Most Beautiful Women Of The XX Century8 Ways Drones Will Automate Our Future10 Risky Jobs Some Women Do8 Weird Facts About Coffee That Will Surprise You The final memorial service for the victims of the 1989 Hillsborough disaster has been postponed due to the coronavirus outbreak, Liverpool Football Club announced on Tuesday. The final memorial service for the victims of the 1989 Hillsborough disaster has been postponed due to the coronavirus outbreak. Britain’s worst sporting tragedy, at Hillsborough Stadium in Sheffield on April 15, 1989, had an eventual death toll of 96. Fans were crushed to death on the standing terraces. “The Hillsborough memorial service planned to take place at Anfield on Wednesday April 15, 2020 to mark the 31st anniversary of the Hillsborough disaster has been postponed,” said a statement on Liverpool’s website. Margaret Aspinall, who chairs the Hillsborough Family Support Group, said she hoped people would say a prayer for the families and the victims. “In light of recent events, a decision was made collectively by the families to postpone our final memorial service at Anfield,” she said in the statement. “We wish to keep as many people safe as possible and we believe this is the right approach.” Loading… Read Also: Pogba makes coronavirus fund-raising pledge She said the plan was to hold the event at a later date. More than 1,500 cases of coronavirus have been confirmed in Britain and more than 50 people have died. But health officials said last week the number of infections could be as high as 10,000. Britain on Monday stepped up its response to the crisis, recommending household isolation, home-working and an end to mass gatherings. FacebookTwitterWhatsAppEmail分享
More workers filed for unemployment benefits last week than in the worst four weeks of the global financial crisis in 2009. AFP NEW YORK – Unemployed United States workers filed 3.2 million new claims for jobless benefits last week as the coronavirus pandemic continued to ravage the world’s largest economy, but there is evidence the tsunami of layoffs is ebbing. However, the total first-time filers in the week ended May 2 declined from the week prior, indicating the surge in job losses that followed has passed its peak. (AFP) The latest data from the Labor Department brings the number of claims filed since mid-March, when the pandemic forced businesses to close their doors to stop the spread of COVID-19, to 33.5 million — a number unprecedented in modern times.
The 2018 Cincinnati Reds Caravan kicks off Thursday, January 25th, from the Reds Hall of Fame & Museum and will travel through five states over four days.The Reds Caravan will be making a stop to Batesville on Saturday, January 27th, at The Southeastern Indiana YMCA from 4-6 PM as part of the West Tour. Reds celebrities attending include Broadcaster Marty Brennaman, catcher Tucker Barnhart, minor leaguer Taylor Trammell, former infielder/outfielder Dmitri Young, vice president & assistant general manager Nick Krall and mascot Gapper.The four Caravan tours will make 18 public fan stops in Ohio, Indiana, Kentucky, West Virginia and Tennessee providing fans with the opportunity to interact with current and former players, top minor leaguers, broadcasters and members of the Reds front office staff.WRBI is your station in Southeastern Indiana for The Cincinnati Reds.
Senate Majority Whip Irungu Kang’ata was Saturday quoted saying the fate of the bill on the floor of the house on Tuesday may compromise the Building Bridges Initiative.Also Read SRC moves to address pay disparities ” I told Kangema Constituency residents,”I thought BBI proposes to devolve 35 per cent of National Revenue.Why do some colleagues fear that once this formula passes there will be loss of revenue by some counties?” He asked” On Senate stalemate,on Tuesday we shall bite the bullet .No more adjournments on county revenue sharing formula debate.” He addedAlso Read KUPPET calls on parents to prepare for early reopeningHis sentiments have been dismissed by those with contrary opinion on the formula who say the two are not related.Calls are now being made to the president and the opposition leader to whip their troops in the senate to end the stalemate.If passed in its current form 17 counties will lose approximately 18 billion shillings. Senators will again on Tuesday try to end the stalemate over the new revenue sharing formula, which has so far proved to be a hard nut to crack delaying the disbursement of monies to counties.Several attempts to forge a compromise on the new formula have been fruitless with a recent special sitting on Thursday ending in prematurely.A move that was criticized by some senators who called out, the speaker Kenneth Lusaka for failing in is duties.Also Read Women leaders welcome CJ’s decision to dissolve Parliament The new Revenue Sharing Bill proposed by the Commission on Revenue Allocation (CRA) has divided senators with those supporting it calling for its approval in its current form while those against claiming it will further entrench marginalization.Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 20153
O’Lionaird looked to have secured second place as he chased home winner Hayle Ibrahimov of Azerbaijan, only to be overtaken on the line by fast-finishing Spaniard Juan Carlos Higuero. “I am still new to indoor championships and I have a lot less experience than the other guys,” said O’Lionaird, whose time of seven minutes 50.40 seconds was a personal best and just 0.14secs behind Higuero. Press Association “I would rather race for the gold and get the bronze than race for silver and get silver. I am not elated but I am satisfied. This is a positive step forward.” There was massive disappointment for another Irish medal contender as Brian Gregan was sent crashing out of the semi-finals of the 400m. Gregan was badly spiked after 200m of his semi-final when he was caught from behind by Ukraine’s Volodymyr Burakov and forced to hobble off the track. He later needed nine stitches in his ankle. There was better news for Ciara Everard as she reached the final of the women’s 800m, with a photo-finish required to secure third place in the second semi-final ahead of the Czech Republic’s Lenka Masna. “I can’t believe I’ve made the final, the pace was all over the place and it was a very messy race but it’s fantastic to have made it,” Everard said. In the first semi-final, Rose-Anne Galligan ran a personal best of 2:02.84 but failed to advance after finishing fifth in a race won by Britain’s defending champion Jenny Meadows. In the morning session, Fionnuala Britton cruised into the final of the 3,000m after finishing third in the opening heat. Ireland’s Ciaran O’Lionaird had no regrets after seeing silver turn to bronze in the last few strides of the 3,000 metres final at the European Indoor Championships.
“The two miles has just caught him out, but then again, the winner could be improving quickly.” Traffic Fluide was third for Gary Moore, who said: “I’m over the moon with that. He won’t run again this season now and he could go up in trip next year. “We’ll have to see what the handicapper does, but the Haldon Gold Cup at Exeter would be an obvious starting point.” De Bromhead took the Grade One prize two years ago with surprise winner Special Tiara, but 9-2 shot Sizing Granite had more obvious claims following successive wins at Naas and Leopardstown. Burke kept his mount on the speed throughout and he loomed ominously alongside the front-running Art Maresque at the top of the straight before quickly opening up a lead between the final two fences. Although Arkle Trophy runner-up God’s Own gave favourite-backers hope with a strong finish, Sizing Granite had enough in reserve to hold on by a length. Burke said: “He’s a great jumper and he showed that there. His jumping was effortless really. He put his jumping to good use. “I thought the flat track would suit him and I’m glad we brought him. We try to keep him fresh and we pick the races for him.” De Bromhead added: “It was really good and a super ride from Johnny as well. I’m delighted and it’s great to get one here. “We live in hope he can be the next Sizing Europe. He’s a gorgeous horse and Ann and Alan (Potts, owners) have been really patient with him. He’s taken a bit of time but he’s getting better and better. “He’s massive and he was very immature. I think he’s going to keep improving. That will be it for the season for him now.” God’s Own’s trainer, Tom George, said: “The trip was probably sharp enough and he was going right a bit, so he’s probably got a preference for going that way, but we sort of knew that anyway. “We nearly got away with it and we hope to go to either Punchestown or Sandown now. Irish raider Sizing Granite claimed the Doom Bar Maghull Novices’ Chase at Aintree for trainer Henry de Bromhead and jockey Johnny Burke. Press Association