1,705 research outputs found

    Information Transmission around Block Trades on the Spanish Stock Market.

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    This study investigates the informational effects of large transactions, or Block Trades (BT), in the Spanish Stock Exchange (SSE). In the open market period, this topic was not facilitated in the SSE as it was in other markets until 1998. The SSE thus provides a special environment for analysing the information transmission of these specific transactions. It is assumed that information can be better reflected by changes in true asset value, proxied by the midpoint of bid-ask best quotes. Therefore, we will look at changing true asset value orders instead of trades. Three different effects are studied around BTs: price, liquidity and information transmission. To capture them, three different endogenous variables are considered: true asset returns, relative spreads and adverse selection spread component. With this approach, no clear effects of BTs are found. The main result of the study is that there seems to be an increase in information asymmetries when one looks at the adverse selection spread component in some of the different subsample classifications (buyer, seller and sweeping BT), but there is no significant permanent effect on returns. This result could be related to insiders trading in the market. In sharp contrast with adverse selection evidence, a temporary decrease in bid/ask spread around BTs is also observed. These changes reflect temporary liquidity effects related to other spread components (order processing costs and inventory costs).

    Using natural language for database queries

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    On the tailoring of CAST-32A certification guidance to real COTS multicore architectures

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    The use of Commercial Off-The-Shelf (COTS) multicores in real-time industry is on the rise due to multicores' potential performance increase and energy reduction. Yet, the unpredictable impact on timing of contention in shared hardware resources challenges certification. Furthermore, most safety certification standards target single-core architectures and do not provide explicit guidance for multicore processors. Recently, however, CAST-32A has been presented providing guidance for software planning, development and verification in multicores. In this paper, from a theoretical level, we provide a detailed review of CAST-32A objectives and the difficulty of reaching them under current COTS multicore design trends; at experimental level, we assess the difficulties of the application of CAST-32A to a real multicore processor, the NXP P4080.This work has been partially supported by the Spanish Ministry of Economy and Competitiveness (MINECO) under grant TIN2015-65316-P and the HiPEAC Network of Excellence. Jaume Abella has been partially supported by the MINECO under Ramon y Cajal grant RYC-2013-14717.Peer ReviewedPostprint (author's final draft

    Entanglement, fractional magnetization and long-range interactions

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    Based on the theory of Matrix Product States, we give precise statements and complete analytical proofs of the following claim: a large fractionalization in the magnetization or the need of long-range interactions imply large entanglement in the state of a quantum spin chain.Comment: 11 pages, 1 figur

    Folklore/Cinema: Popular Film as Vernacular Culture

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    Interest in the conjunctions of film and folklore is stronger and more diverse than ever. Documentaries on folk life and expression remain a vital genre, but scholars such as Sharon Sherman and Mikel Koven also are exploring how folklore elements appear in, and merge with, popular cinema. They look at how movies, a popular culture medium, can as well be both a medium and type of folklore, playing cultural roles and conveying meanings customarily found in other folkloric forms. They thus use the methodology of folklore studies to analyze films made for commercial distribution. The contributors to this book look at film and folklore convergences, showing how cinema conveys vernacular culture in traditional and popular venues. Folklore/Cinema will be of interest to scholars from many fields---folklore, film studies, popular culture, American studies, history, anthropology, and literature among them---and will help introduce students in various courses to intersections of film and culture.https://digitalcommons.usu.edu/usupress_pubs/1033/thumbnail.jp

    Fractures of allografts used in limb preserving operations

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    One hundred and thirty-seven allografts used since 1986 in limb preserving operations for malignant bone tumours were reviewed. The follow up was longer than two years. There were fourteen fractures (10.2%) in twelve patients at a mean time of 22 months from the operation. Most of them were in the metaphyseal area and were related to perforations of the allograft made for stabilisation with plates, for tendon and ligament reattachment, or any other hole in the allograft. Fractures occurred always after the allograft-host junction was united. Healing was achieved in 7 cases by internal fixation with autologous bone grafting in a mean of 5 months. In cases of multiple fractures of the allograft, the graft was exchanged. We recommend using intramedullary fixation in order to reduce the incidence of allograft fracture, and the use of internal fixation, with intramedullary whenever possible, and autologous bone grafting to achieve consolidation of the fractures
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