Cme Vulnerability, The: The Impact Of Negative Oil Futures Trading

Cme Vulnerability, The: The Impact Of Negative Oil Futures Trading
Author :
Publisher : World Scientific
Total Pages : 274
Release :
ISBN-10 : 9789811223211
ISBN-13 : 9811223211
Rating : 4/5 (11 Downloads)

Synopsis Cme Vulnerability, The: The Impact Of Negative Oil Futures Trading by : George Xianzhi Yuan

In 2020, the global lockdowns caused by the COVID-19, or coronavirus, pandemic had resulted in a sharp drop in demand for crude oil. This impact was so severe that on April 8, 2020, a proposal to update the Chicago Mercantile Exchange Holdings Inc. (CME) trading rule to permit negative prices was applied to CME's WTI Oil futures contracts; this led to a novel phenomenon in which the closing clearing price of WTI Oil May future was $-37.63/barrel based on fewer than 400 contracts' trading volume in the last three minutes, reflecting less than 0.2% of the total trading contracts volume on April 20, 2020. This occurrence of negative closing clearing price for CME's WTI Oil futures trading, cannot be explained simply by just the principle of supply and demand; instead, it highlights vulnerabilities caused by CME's allowance of negative price trading (based on its trading platform), a decision which brings potential and fundamental challenges to the global financial system.This event challenges not just our basic concepts of 'value' and trading 'price' of commodities and goods that underline our understanding of the framework for the invisible hand and general equilibrium theory in economics established by a few generations of scholars since Adam Smith in 1776 for market economies, but also have wider implications on the fundamentals that underpin our ideas of value and labor in the organization, activity, and behavior of civilizations and individual liberties.The scope of this book is limited to covering the impact of the negative oil futures derivatives' trading between April 20 and 21, 2020. This book focuses on exploring the issues, challenges, and possible impacts on global financial markets due to the negative clearing prices of WTI Oil futures contracts and related problems from different perspectives. Topics covered include the responsibilities and liabilities of the CME; critique to the fundamental theory of economics and the modern understanding of value and labor; and challenges to the global financial systems and businesses and introduction to new methods of application.

The CME Vulnerability

The CME Vulnerability
Author :
Publisher :
Total Pages : 251
Release :
ISBN-10 : 9811223203
ISBN-13 : 9789811223204
Rating : 4/5 (03 Downloads)

Synopsis The CME Vulnerability by : George Xian-Zhi Yuan

"In 2020, the global lockdowns caused by the COVID-19, or coronavirus, pandemic had resulted in a sharp drop in demand for crude oil. This impact was so severe that on April 8, 2020, a proposal to update the Chicago Mercantile Exchange Holdings Inc. (CME) trading rule to permit negative prices was applied to CME's WTI oil futures contracts; this led to a novel phenomenon in which the closing clearing price of WTI oil May future was $-37.63/barrel based on fewer than 400 contracts' trading volume in the last three minutes, reflecting less than 0.2% of the total trading contracts volume on April 20, 2020. This occurrence of negative closing clearing price for CME's WTI oil futures trading, cannot be explained simply by just the principle of supply and demand; instead, it highlights vulnerabilities caused by CME's allowance of negative price trading (based on its trading platform), a decision which brings potential and fundamental challenges to the global financial system. This event challenges not just our basic concepts of "value" and trading "price" of commodities and goods that underline our understanding of the framework for the invisible hand and general equilibrium theory in economics established by a few generations of scholars since Adam Smith in 1776 for market economies, but also have wider implications on the fundamentals that underpin our ideas of value and labor in the organization, activity, and behavior of civilizations and individual liberties. The scope of this book is limited to covering the impact of the negative oil futures derivatives' trading between April 20 and 21, 2020. This book focuses on exploring the issues, challenges, and possible impacts on global financial markets due to the negative clearing prices of WTI oil futures contracts and related problems from different perspectives. Topics covered include the responsibilities and liabilities of the CME; critique to the fundamental theory of economics and the modern understanding of value and labor; and challenges to the global financial systems and businesses and introduction to new methods of application"--

Handbook of Financial Stress Testing

Handbook of Financial Stress Testing
Author :
Publisher :
Total Pages : 729
Release :
ISBN-10 : 9781108830737
ISBN-13 : 1108830730
Rating : 4/5 (37 Downloads)

Synopsis Handbook of Financial Stress Testing by : J. Doyne Farmer

Discover current uses and future development of stress tests, the most innovative regulatory tool to prevent and fight financial crises.

International Conference on Management and Engineering(CME 2014)

International Conference on Management and Engineering(CME 2014)
Author :
Publisher : DEStech Publications, Inc
Total Pages : 1908
Release :
ISBN-10 : 9781605951744
ISBN-13 : 1605951749
Rating : 4/5 (44 Downloads)

Synopsis International Conference on Management and Engineering(CME 2014) by : Alex Kong

The aim objective of CME 2014 is to provide a platform for researchers, engineers, academicians as well as industrial professionals from all over the world to present their research results and development activities in Information Management, Innovation Management, Project Management and Engineering. This conference provides opportunities for the delegates to exchange new ideas and application experiences face to face, to establish business or research relations and to find global partners for future collaboration. Submitted conference papers will be reviewed by technical committees of the Conference.

Medical Management of Vulnerable & Underserved Patients: Principles, Practice, Population

Medical Management of Vulnerable & Underserved Patients: Principles, Practice, Population
Author :
Publisher : McGraw Hill Professional
Total Pages : 473
Release :
ISBN-10 : 9780071781398
ISBN-13 : 0071781390
Rating : 4/5 (98 Downloads)

Synopsis Medical Management of Vulnerable & Underserved Patients: Principles, Practice, Population by : Talmadge E. King

No other book on the subject Chronic diseases, especially those associated with poor nutrition, obesity, and addiction have grown to epidemic proportion in many poor and minority populations Covers all essential topics, including Navigating Language Barriers, Understanding Disability, Patient Education, Substance Abusers, the Care of Gay and Lesbian Patients, Reproductive Issues in Poor Women, and much more

Social Vulnerability to Disasters

Social Vulnerability to Disasters
Author :
Publisher : CRC Press
Total Pages : 526
Release :
ISBN-10 : 9781466516380
ISBN-13 : 1466516380
Rating : 4/5 (80 Downloads)

Synopsis Social Vulnerability to Disasters by : Deborah S.K. Thomas

With chapters that incorporate additional perspectives on social vulnerability, this second edition focuses on the social construction of disasters, demonstrating how the characteristics of an event are not the only reason that tragedies unfurl. It incorporates disaster case studies to illustrate concepts, relevant and seminal literature, and the most recent data available. In addition to highlighting the U.S. context, it integrates a global approach and includes numerous international case studies. The book highlights recent policy changes and current disaster management approaches and infuses the concept of community resilience and building capacity throughout the text.

Redesigning Continuing Education in the Health Professions

Redesigning Continuing Education in the Health Professions
Author :
Publisher : National Academies Press
Total Pages : 296
Release :
ISBN-10 : 9780309140782
ISBN-13 : 0309140781
Rating : 4/5 (82 Downloads)

Synopsis Redesigning Continuing Education in the Health Professions by : Institute of Medicine

Today in the United States, the professional health workforce is not consistently prepared to provide high quality health care and assure patient safety, even as the nation spends more per capita on health care than any other country. The absence of a comprehensive and well-integrated system of continuing education (CE) in the health professions is an important contributing factor to knowledge and performance deficiencies at the individual and system levels. To be most effective, health professionals at every stage of their careers must continue learning about advances in research and treatment in their fields (and related fields) in order to obtain and maintain up-to-date knowledge and skills in caring for their patients. Many health professionals regularly undertake a variety of efforts to stay up to date, but on a larger scale, the nation's approach to CE for health professionals fails to support the professions in their efforts to achieve and maintain proficiency. Redesigning Continuing Education in the Health Professions illustrates a vision for a better system through a comprehensive approach of continuing professional development, and posits a framework upon which to develop a new, more effective system. The book also offers principles to guide the creation of a national continuing education institute.

The Art of Network Penetration Testing

The Art of Network Penetration Testing
Author :
Publisher : Manning Publications
Total Pages : 302
Release :
ISBN-10 : 9781617296826
ISBN-13 : 1617296821
Rating : 4/5 (26 Downloads)

Synopsis The Art of Network Penetration Testing by : Royce Davis

The Art of Network Penetration Testing is a guide to simulating an internal security breach. You’ll take on the role of the attacker and work through every stage of a professional pentest, from information gathering to seizing control of a system and owning the network. Summary Penetration testing is about more than just getting through a perimeter firewall. The biggest security threats are inside the network, where attackers can rampage through sensitive data by exploiting weak access controls and poorly patched software. Designed for up-and-coming security professionals, The Art of Network Penetration Testing teaches you how to take over an enterprise network from the inside. It lays out every stage of an internal security assessment step-by-step, showing you how to identify weaknesses before a malicious invader can do real damage. Purchase of the print book includes a free eBook in PDF, Kindle, and ePub formats from Manning Publications. About the technology Penetration testers uncover security gaps by attacking networks exactly like malicious intruders do. To become a world-class pentester, you need to master offensive security concepts, leverage a proven methodology, and practice, practice, practice. Th is book delivers insights from security expert Royce Davis, along with a virtual testing environment you can use to hone your skills. About the book The Art of Network Penetration Testing is a guide to simulating an internal security breach. You’ll take on the role of the attacker and work through every stage of a professional pentest, from information gathering to seizing control of a system and owning the network. As you brute force passwords, exploit unpatched services, and elevate network level privileges, you’ll learn where the weaknesses are—and how to take advantage of them. What's inside Set up a virtual pentest lab Exploit Windows and Linux network vulnerabilities Establish persistent re-entry to compromised targets Detail your findings in an engagement report About the reader For tech professionals. No security experience required. About the author Royce Davis has orchestrated hundreds of penetration tests, helping to secure many of the largest companies in the world. Table of Contents 1 Network Penetration Testing PHASE 1 - INFORMATION GATHERING 2 Discovering network hosts 3 Discovering network services 4 Discovering network vulnerabilities PHASE 2 - FOCUSED PENETRATION 5 Attacking vulnerable web services 6 Attacking vulnerable database services 7 Attacking unpatched services PHASE 3 - POST-EXPLOITATION AND PRIVILEGE ESCALATION 8 Windows post-exploitation 9 Linux or UNIX post-exploitation 10 Controlling the entire network PHASE 4 - DOCUMENTATION 11 Post-engagement cleanup 12 Writing a solid pentest deliverable

The Sun, the Earth, and Near-earth Space

The Sun, the Earth, and Near-earth Space
Author :
Publisher : Government Printing Office
Total Pages : 316
Release :
ISBN-10 : 0160838088
ISBN-13 : 9780160838088
Rating : 4/5 (88 Downloads)

Synopsis The Sun, the Earth, and Near-earth Space by : John A. Eddy

" ... Concise explanations and descriptions - easily read and readily understood - of what we know of the chain of events and processes that connect the Sun to the Earth, with special emphasis on space weather and Sun-Climate."--Dear Reader.

Storms from the Sun

Storms from the Sun
Author :
Publisher : Joseph Henry Press
Total Pages : 270
Release :
ISBN-10 : 0309076420
ISBN-13 : 9780309076425
Rating : 4/5 (20 Downloads)

Synopsis Storms from the Sun by : Michael J. Carlowicz

Examines the emerging physical science of space weather and the impact the sun and solar storms have on Earth life.