Download PDF USA Following Monday’s bank holiday, U.S. equities posted solid gains through the remainder of the week. The S&P 500 advanced 1.06%, while the NASDAQ Composite outperformed with a 1.37% increase. The Dow Jones Industrial Average rose more modestly Read more…
Download PDF Introduction “Let it grow, let it grow, let it grow” – The Lorax The fundamental idea behind every profit-seeking firm is to take an initial investment and multiply it. One of the first challenges any daring entrepreneur must Read more…
Download PDF Introduction Law firms are traditionally structured such that senior attorneys operate within a partnership, ensuring they “maintain independence of judgement” and protect against any conflicts of interest. This principle is codified in Model Rule 5.4 of the American Read more…
Download PDF Introduction Commodity-exporting currencies are structurally linked to the prices of their primary exports through the terms-of-trade channel. While this relationship holds in the long run, short-term dislocations frequently emerge due to monetary policy shifts, capital flows, and risk Read more…
Download PDF Introduction Japan’s general election on 8 February 2026 was the clearest political signal yet that the country is moving into a different macro regime from the one that defined the past two decades. Japan PM Takaichi achieved a Read more…
Download PDF Introduction Equity Capital Markets have suffered a prominent “drought” of IPOs in the past 3 years. In fact, IPO volume fell from 2,436 in 2021 to around 1,415 in 2022 and 1,298 in 2023, with global IPO proceeds Read more…
Download PDF Introduction The benefits of competition are supported by a strong economic literature and are clear to most market participants. In competitive markets, firms are forced to maintain low prices in order to gain market share or avoid being Read more…
Download PDF Introduction 2025 concluded with the resurgence of megadeals (transactions valued over $5bn), as encapsulated by headlines such as Netflix’s [NASDAQ: NFLX] $82.7bn bid for Warner Bros. Discovery [NASDAQ: WBD]. In contrast to Q4 2024, total deal value has Read more…
Download PDF Introduction In our monetary system, money markets play a crucial role in providing liquidity for financial players and are the fundamental basis of financial markets for all systemically important players. While other markets of our financial system are Read more…
Download PDF Introduction One of the most discussed topics in Q1 of 2026 is probably the current commodity “Supercycle”. Having become an extremely covered theme thanks to the stellar performance of precious metals (namely Gold and Silver), there seems to Read more…
Download PDF USA Markets cooled down this week, due to important factors starting from AI concerns. Amazon, Google, Meta and Microsoft collectively expect to spend around $650 billion to compete in the race, however investors start to be worried about Read more…
Download PDF Introduction “Everything is connected; everything is a balance.” – The Giver In the 1850s, as technologies improved, the world underwent a drastic shift from a set of largely independent economies to a single, intertwined global economy. Ease of Read more…
Download PDF Abstract This technical report details the architecture and implementation of the BSIC Quant Library, a Python-based infrastructure designed to centralize and optimize financial data retrieval for the BSIC members. The system is designed to facilitate access to financial Read more…
Download PDF Abstract This project develops a coherent framework for modelling the implied volatility surface by combining stochastic volatility, local volatility, and smile-consistent interpolation techniques. Starting from market conventions, risk-neutral valuation, and vanilla option pricing, the work introduces the volatility Read more…
Download PDF Abstract This research presents a Time Series Momentum (TSMOM) trading strategy implemented on highly liquid exchange-traded funds (SPY and GLD), enhanced with a novel macro-instrumented regime switching framework for state-dependent de-risking. Our approach addresses the well-documented momentum crash Read more…