186 research outputs found

    Automotive applications of thermoplastic vulcanizates

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    Thermoplastic vulcanizates (TPVs) are special classes of thermoplastic elastomers, in which dynamic vulcanization of the rubber phase takes place during melt mixing with a semicrystalline thermoplastic matrix phase at elevated temperature. This review article focus on the different types of thermoplastic vulcanizates (TPVs) from various elastomer and thermoplastic blends that are suitable for the automotive applications purpose. A detailed study of the various TPVs based on polypropylene-ethylene propylene diene rubber (PP-EPDM) and polypropylene-ethylene α-olefin has been focused and their application in the automobile sector has been summarized. Most of the commercially available TPVs are PP-EPDM based. Limited applications of that TPVs in high heat and oil resistant application purposes requires new generation of TPVs. High performance TPVs or super TPVs are new generation TPVs that exhibit high heat resistance as well as excellent oil resistance property suitable for automotive under-the-hood applications. Therefore TPVs based on XNBR-PA12, HNBR-PA12 and FKM-PA6 system has also been explored in details in this study and the possibility of the use of those TPV system has been focused for the high temperature application purpose in the automobile sector where high and oil resistant application properties is the prime concern

    Information acquisition in a limit order market

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    Abstract We model an infinite horizon trading game of a limit order market with informed traders. Agents with a private and common value motive for trade randomly arrive in a market and may either post prices (submit limit orders) or accept posted prices (submit market orders). If their orders have not executed, traders may reenter the market and thus solve a dynamic problem. We consider agents' incentive to acquire information. We characterize how information acquisition changes agents' strategies and demonstrate the effect of this on the efficiency of market prices. We demonstrate that for some costs of acquiring information, there are multiple equilibria in the information acquisition game. Finally, we demonstrate that information acquisition can make all agents worse off

    High frequency trading strategies, market fragility and price spikes: an agent based model perspective

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    Given recent requirements for ensuring the robustness of algorithmic trading strategies laid out in the Markets in Financial Instruments Directive II, this paper proposes a novel agent-based simulation for exploring algorithmic trading strategies. Five different types of agents are present in the market. The statistical properties of the simulated market are compared with equity market depth data from the Chi-X exchange and found to be significantly similar. The model is able to reproduce a number of stylised market properties including: clustered volatility, autocorrelation of returns, long memory in order flow, concave price impact and the presence of extreme price events. The results are found to be insensitive to reasonable parameter variations
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