This Forum overtrades options

Status
Not open for further replies.
Quote from TraDaToR:

Beau, I am interested in running a stock exchange too, but I have been discouraged by Eurex US and One Chicago. Can you tell us more about your business? What are you listing?
More...

We plan to list our closed end fund, private equity shares in KC Capital Management, and public equities via IPO of the KCSE itself.

We're going to create an ECN as a NASDAQ market maker, and I'm planning on doing something similar to the NASDAQ market site in Times Square around the Power and Light District in Downtown KC.

We have unique processes designed to maximize value and increase efficiency using reverse silent double dutch auctions that should eliminate much of the uncertainty of the price you'll pay in the private share market and operate as the NYSE ARCA and NASDAQ do with respect to functionality and to accomodate the need for High Frequency Traders to utilize our markets effectively with the best technology which we are outsourcing to the firm who built the ICE Exchange IT infrastructure. Modifying the platform for my exchange will undoubtedly earn me millions at the least, in the billions if scaled properly.

Again, how many people do you know with plans to build Financial Empires in the billions?
 
Fuck YES!

http://www.facebook.com/note.php?note_id=480982910375

The Kansas City Stock Exchange is Announcing a Reverse Silent Double Dutch Auction,or Mutually Agreeable Negotiable Terms for...
by K.C. Capital Management, Inc. on Wednesday, October 13, 2010 at 7:55pm
kccmBWO Covestor Portfolio Profile, Performance Summaries

Letting you get back to value, so that we can positively benefit from our Mutually Beneficial Securities Exchange with new Seats, and profit.

Letting you get back to value, so that we can positively benefit from our Mutually Beneficial Ownership of Seats by listing in the Private Equity Market at the Kansas City Stock Exchange

Letting you get back to value,so that we can positively profit from our Mutually Beneficial Ownership of Seats by listing in the Private Equity Market at the Kansas City Stock Exchange.

Letting us all get back to value, so call me. 859.583.9016 and we'll discuss our new ventures colloboratively, not behind closed doors, but with the door shut just enough to make the public without Private Equity Placement Participation Experience who doesn't have them, will be able to get them through a basket of these Private Equities into a customizable, deliverable investment vehicle, allowing you to track Capital, and guage Economic Profit.

Join me today, and I will make sure every company no matter the size has a chance to fund its startup capital identically to what you see taking place here at all of my companies various websites.

Enjoy.

I want your business.

Beau Wolinsky
President and CEO, RIA, CTA, Financial Scientist, Price Physicist
K.C. Capital Management, Inc.
e-mail:%20bwolinsky@kccapitalmanagement.com
Video Voip and Webcam Voicechat enabled iPhone: 1.859.583.9016
President and CEO
The Kansas City City Stock Exchange Periodical
Covestor Investment Management, Inc., CVIM
RIA Rep
kccmBWO Covestor Portfolio Profile, Performance Summaries
The Market Chatter Blogspot
BWO Vision
BWorldOmnimedia on Twitter
K.C. Capital Management, Inc. on Facebook
 
Tru dat!



If Lightspeed is the speed limit of the universe, time is infinite

What I'm Really Thinking:

All matter condesnsed into a superheated substance that emits such powerful electromagnetic waves that the resonances we see as our perception of human reality are particularly painful rolls of the dice by our creator.

Einstein would turn over in his grave, not only does God play dice, but these dice are loaded.

Here's some background. I know Vector Calculus, but I never actually knew how to do anything but program matlab. I would like to find the equation that describes the path of the "SuperParticle" through 33 N-3-dimensional spheres. Anyone with Matlab, it's very simple really, but requires a super-computer to compute. I plan on jaunting to one of our great German Nuclear Phsycists at Centre College in the marrow, and we will find something great together, if anything, just so that our nuclear resonances are within visual distance for at least some time.--

I am working on a $50 to $500 million deal in opening my first mutual fund as a sponsored PMC-APPROVED Fund Manager. PMC: Portfolio Management Consultants. These guys are the advisor's advisor, and I'm finding many of the people interested in what I'm offering leap at the chance for it.--

E-mail me if you want a market update from my Blackberry video camera. Perhaps if there is more interest I will post a youtube clip, but I believe I need to save some levels of advanced service for my customers.

Sincerely,

Beau Wolinsky
President of K.C. Capital Management, Inc.
859.583.9016
bwolinsky@trewfinance.com
bwolinsky@kccapitalmanagement.com
bwolinsky@scf-ia.com

Read more: http://www.advisorworld.com/2009/12/3/my-historical-analysis-past-10-years#ixzz1eZtIOtAN
 
Epilogue. His white-paper on CMA:

http://www.advisorworld.com/2010/03/23/capital-management-arbitrage


Home » Blogs » Capital Management Arbitrage

Capital Management Arbitrage
Submitted by beau on Tue, 03/23/2010 - 23:15



My interpretation of the theories of value creation I've studied are fundamental to my allocation decisions. I have learned that being a capital management contractor is on the order of being a "Financial Mercenary."

Arbitrage is explained simply as the natural progression and push towards a theoretical efficient point at which all investors agree on the price. Unfortunately, transactionalism, not necessarily the unethical kind of churning brokers do sometime, puts too much emphasis on the frequency of trading.

International Capital Asset Pricing Model Arbitrage Pricing Theory of Capital Management (iCAPMAPTCM) would indicate that our assumption of risk free rates in our portfolios needs to be re-considered in light of the jump in M1. The RFR is not simply an interest rate that can be held to maturity for a guaranteed profit b/c inflationary pressures will reduce the value of long term bonds substantially. I would like to say bonds are attractive, but being at what is likely a 20 year low in interest rates, I don't believe our bonds are anymore "risk free" than any other government bond you can buy. It is for that reason I suggest TIP for an "Inflation Plus 4" return.

With the advent of inflation protected bonds, I think we need to re-examine the implications of the RFR in our Capital Allocation Models. If we eliminate "inflation risk", a leveraged account in TIP should have no problem doing 2 digit returns regularly.

The idea I had about an Arbitrage Pricing Theory of Capital Management came when I made the connection that the CAPM denotes under- or overvaluation. The question is not necessarily what to buy than it is "What is the most efficient way to Arbitrage this mispricing?" Put that way, the CAPM becomes the iCAPMAPTCM if we add an exogenous assumption that we can count on foreign inflows into our country to exploit our capital markets inefficiency, which is not bad b/c the price usually increases when new money comes in. The CAPM can be used to measure "Arbitrage Efficiency" if it becomes a daily value that gets calculated, and if we experience "positive risk adjusted returns", the question I believe goes back to whether "these positive risk adjusted returns" were "earned too quickly." I think an Alpha-Like Measurement of CAPM model trading adds a level of clarity to the CAPM when it accounts for international inflows.

I think that's enough lecture, and I'm working out the math and didn't think equations on my blog post would be too attractive.

Read more: http://www.advisorworld.com/2010/03/23/capital-management-arbitrage#ixzz1eZxbW0JB


ICAPMAPTCM bitches!
 
Quote from bwolinsky:


We have unique processes designed to maximize value and increase efficiency using reverse silent double dutch auctions
More...

Uh, you realize you can run a reverse auction for shares, right?
 
Quote from atticus:

Uh, you realize you CAN'T run a reverse auction for shares, right?
More...
I think he is describing a continuous call market.

You obviously can't have a two-sided reverse auction for shares, but current opening and closing auctions can be thought of as one-sided reverse auctions, stepping up resting sell limits, or down resting buy limits until the market order imbalance is cleared.

Call markets at small intervals (e.g. every hour or even every five minutes) have been tried and are constantly being re-proposed.

I am not sure how the continuous part would work, though Googling the term "continuous call market" gets 801 hits.

Googling "hidden double dutch auction" gets zero hits.
 
Quote from bwolinsky:

we had a -8.69% loss since we started trading 11 days ago. We lost another 6% today
More...
WTF? You are down 15% in your first 12 days and you think you are on the way to $1 billion?

I thought arbitrage was supposed to be market neutral? Or is "Capital managemetn Arb" somehow different?

Maybe you should check yourself back in to the mental hospital.
 
Status
Not open for further replies.
Back
Top