Влияние широкого распространения алгоритмической торговли на современные фондовые рынки
The article is dedicated to historical analysis of crimes committed on securities market till the 20th century. Important part of the article is indication of economic conditions. Thanks for it the meaning of legal acts becomes clear. The author concludes on existence the developed securities market and necessary criminal rules to its protection.
The most important factors of successful trading strategy are the decisions to sell or buy. We propose multi-classifier system for decision making in algorithmic trading, whose training is carried out in three stages. At the first stage, features set is calculated based on historical data. These can be oscillators and moments that used in technical analysis, other characteristics of time series, market indexes, etc. At the second stage, base classifiers are trained using genetic algorithms, and optimal feature set for each of them is selected. At the third stage, a voting ensemble is designed, weights of base classifiers are selected also using genetic algorithms. However, the usage of genetic algorithms requires considerable time for computing, so the proposed system is implemented in a parallel environment. Testing on real data confirmed that the proposed approach allows to build a decision-making system, the results of which significantly exceed the trading strategies based on indicators of technical analysis and other techniques of machine learning.
The article is dedicated to research fraud on securities market committed in the time of its circulation. As rule, acts of guilty are qualified by article 159 of the Criminal Code of Russian Federation. It is permitted by Resolution of the Plenum of the Supreme Court of Russian Federation. But it’s right not always whereby there isn’t consensus in the science of criminal law on the matter. So the article includes jurisprudence fraud against property and fraud on securities market. Thanks for it distinction between such field are clear. The author conclusions that to incriminate acts of person under article 159 of the Criminal Code of Russian Federation is unlawfully in some cases. It points to need of establishing article in Chapter 22 of the Criminal Code of Russian Federation which has the purpose to protect the economic activity from fraud in this field. For it the work presents defense of elements of fraud against property and fraud committed on economics and securities market as its part.
The article is dedicated of problems of criminal law regulation of securities market.The concept of criminal law mechanism its protection is offered.
Smoking is a problem, bringing signifi cant social and economic costs to Russiansociety. However, ratifi cation of the World health organization Framework conventionon tobacco control makes it possible to improve Russian legislation accordingto the international standards. So, I describe some measures that should be taken bythe Russian authorities in the nearest future, and I examine their effi ciency. By studyingthe international evidence I analyze the impact of the smoke-free areas, advertisementand sponsorship bans, tax increases, etc. on the prevalence of smoking, cigaretteconsumption and some other indicators. I also investigate the obstacles confrontingthe Russian authorities when they introduce new policy measures and the public attitudetowards these measures. I conclude that there is a number of easy-to-implementanti-smoking activities that need no fi nancial resources but only a political will.
One of the most important indicators of company's success is the increase of its value. The article investigates traditional methods of company's value assessment and the evidence that the application of these methods is incorrect in the new stage of economy. So it is necessary to create a new method of valuation based on the new main sources of company's success that is its intellectual capital.