The use of multichannel approaches has led to significant improvements in the accuracy of
remotely sensed surface temperature determination. Nevertheless, even if with different …

… Reto Francioni is a European-based practitioner who has had major responsibility as a
market architect in both Zurich and Frankfurt. We have interacted over the years, have found …

… Reto Francioni has been a professor of applied capital markets theory at the University of
Basel since 2006. Since 2013, he has been a member of the Board of Directors of UBS Group, …

… out and var(r L ) increases linearly with t. However, if the summation of the covariance terms
is negative, var(r S ) is elevated relative to the value it would otherwise have, given var(r L ). …

For over three decades, the microstructure literature has grown and trading systems around
the world have been reengineered into modern electronic platforms. In this article, the …

… (r m ), and negatively related to r f , Var(r m ), and R R . Investors all face the same values of
E(r m ), r f , and Var(r … More risk-averse investors (larger R R ) have smaller optimal values of …

Trading is very different from investing. Trading is all about converting an investment decision
(either your decision or your portfolio manager's) into a desired portfolio position. You want …

A well-functioning financial system is indispensable for economic growth. To that end, the
overall objective of the current regulatory reform process is to guarantee, globally, financial …

A call auction is an order-driven facility which, in contrast with continuous trading, batches
multiple orders together for simultaneous execution in a multilateral trade, at a single price, at …

Although both media and the public seem to discuss the perceived dangers and threats of
electronic trading only since the US flash crash in 2010, in reality, the shift towards electronic …