Observation of γp→ΛΛˉp\gamma p \to \Lambda \bar{\Lambda} p with GlueX at Jefferson Lab

For the first time, baryon-antibaryon photoproduction in the reaction $\gamma p \to \Lambda \bar{\Lambda} p$ has been observed at photon energies from threshold near 4.9 GeV to 11.6 GeV. The measurements are in progress with the GlueX spectrometer in Hall D at Jefferson Lab. We describe here the apparatus and methods used to make these measurements and outline the physics goals of the work. Some of the newly-seen reaction phenomenology is presented.Comment: From an invited talk to the "13th International Conference on Hypernuclear and Strange Particle Physics (HYP2018), 8 pages, 8 figures; replaced to update Acknowledgement

Asymptotic Glosten Milgrom equilibrium

This paper studies the Glosten Milgrom model whose risky asset value admits an arbitrary discrete distribution. Contrast to existing results on insider's models, the insider's optimal strategy in this model, if exists, is not of feedback type. Therefore a weak formulation of equilibrium is proposed. In this weak formulation, the inconspicuous trade theorem still holds, but the optimality for the insider's strategy is not enforced. However, the insider can employ some feedback strategy whose associated expected profit is close to the optimal value, when the order size is small. Moreover this discrepancy converges to zero when the order size diminishes. The existence of such a weak equilibrium is established, in which the insider's strategy converges to the Kyle optimal strategy when the order size goes to zero