Value at Risk in Python – Shaping Tech in Risk Management

The aim of this article is to give a quick taste of how it is possible to build practical codes in Python for financial application using the case of Value at Risk (VaR) calculation. The following paragraph will present a brief introduction to Python, then the article will continue with a broad overview of VaR […]

Snapchat’s IPO – analysis and implications

Snap Inc. (NYSE: SNAP) – market cap as of 10/03/2017: $25.54bn Company Overview Snapchat, launched on July 2011 under the name Picaboo, defines itself as a camera company. However, most of us identify Snap as a multimedia application for image messaging. Before the app became widely known, other social media such as Facebook or Instagram […]

Standard Life and Aberdeen’s Merger to Create a £660bn Asset Management Behemoth

Standard Life plc (SL.: LSE) – market cap as of 10/03/2017: £7.52bn Aberdeen Asset Management PLC (ADN: LSE) — market cap as of 10/03/2017: £3.77bn Introduction On March 6, 2017, it was announced that Standard Life plc (“Standard Life”) has agreed to acquire Aberdeen Asset Management PLC (“Aberdeen”) in an all-share transaction. Based on the […]

European Car Makers in Pole Position: PSA Group to Acquire GM’s European Businesses for €2.2bn

Peugeot SA (EPA: UG) – market cap as of 11/03/2017: €15.79bn General Motors Co. (NYSE: GM) – market cap as of 11/03/2017: $55.17bn Introduction On March 6, 2017, PSA Group announced an agreement with General Motors Co. whereby the French holding will acquire GM’s Opel and Vauxhall subsidiaries, together with GM Financial’s European operations in […]

Market Recap 12-03-2017

United States The S&P 500 closed at $2,372.60, slightly depreciating when compared with the beginning of the week, where it was standing at $2,375.32, but still higher than the weeks’ low of $2,357.98. Similar was the fate of both the Dow Jones Industrial Average and the NASDAQ, as they closed at slightly lower levels than […]

WTI Crude Oil: Backwardation? No, Back to Contango

On March 8, 2017 crude oil plummeted more than 5%, with WTI price falling through $50 a barrel for the first time since December. The sudden move was triggered by EIA reporting a massive build-up in American crude oil inventories, hitting record levels according to data going back to 1982. The remarkable growth in inventories […]

Innovation in the ETF Industry: Tales from Quant 2017 Venice

In 1993 in the New York stock exchange the first Exchange Traded Fund was established. Since then, the number of ETFs has exponentially increased, and now accounts for about 4000 funds. This instrument tries to replicate an already existing benchmark with a typically small tracking error and lower cost than mutual funds. Authorized participants act […]

Suppliers of Aircraft Manufacturers Shooting for the Stars: Safran to acquire Zodiac Aerospace for €9.7bn

Safran S.A. (EPA: SAF) – market cap as of 03/03/2017: €28.61bn Zodiac Aerospace S.A. (EPA: ZC) – market cap as of 03/03/2017: €8.03bn Introduction On January 19, 2017, the French multinational plane engine manufacturer Safran announced that it had entered into an agreement to acquire the aircraft seat supplier Zodiac Aerospace in a transaction valued […]

It’s All About the Beer: Heineken acquires Brasil Kirin in a Move to Challenge AB InBev in its Oldest Market

Heineken N.V. (AMS:HEIA) – market cap as of 3/3/17: €45.05bn Kirin Holdings Co. Ltd. (TYO:2504) – market cap as of 3/3/17: ‎¥‎1.82tn (€15.05bn) Introduction On February 13, 2017, Japanese brewer Kirin Holdings Company has agreed to sell its Brazilian beer business to Heineken for ¥77bn (€664m). The deal will make Heineken the second-largest beer company […]

Is The (CDS) Maginot Line Falling?

Introduction The aim of this article is to analyse the current CDS spread of France with respect to Germany, and propose a profitable strategy for betting on the convergence of the spreads. The article is going to provide a brief introduction on the topic of CDS, followed by a short overview of the political instability […]

Market Recap 05-03-2017

Market Recap 05-03-2017 United States Despite experiencing a downward correction towards the closing of the week, US equity indices reached new record levels. The Dow Jones Industrial Average reached a new record level by breaching the 21.000 mark. On Wednesday, it peaked at 21.115, to close the week at 21.005, its first loss in a […]