Sunday, December 29, 2019
Black Actresses Speak Out About Colorism
Gabrielle Union, Tika Sumpter, andà Lupita Nyongââ¬â¢o have all been praised for their good looks. Because they are dark-skinned, however, they have all been asked to discuss howà colorism, or skin color discrimination, affected their self-esteem. These women and other actresses, such as Keke Palmer and Vanessa Williams, have all had unique experiences in and out of the entertainment industry based on their skin color. Hearing them discuss their encounters, or lack thereof, with colorism, sheds light on the hurdles that have yet to be overcome in race relations. Pretty For a Dark-Skinned Girl Actress Keke Palmer of ââ¬Å"Akeelah and the Beeâ⬠fame discussed her desire to be lighter-skinned while sitting on the Hollywood Confidential Panel in 2013. ââ¬Å"When I was like 5 years old I used to pray to have light skin because I would always hear how pretty that little light skin girl was, or I would hear I was pretty ââ¬Ëto be dark skinned,ââ¬â¢Ã¢â¬ à Palmer revealed. ââ¬Å"It wasnââ¬â¢t until I was 13 that I really learned to appreciate my skin color and know that I was beautiful.â⬠The actress went on to say that African Americans need ââ¬Å"to stop separating ourselves by how dark or how light we are.â⬠Praying For Light Skin Palmerââ¬â¢s prayer for lighter skin sounds eerily similar to Lupita Nyongââ¬â¢oââ¬â¢s prayers as a youth. The Oscar winner revealed in early 2014 that she, too, begged God for lighter skin. Teased and bullied for her dark skin, Nyongââ¬â¢o desperately believed that God would answer her prayer. ââ¬Å"The morning would come and I would be so excited about seeing my new skin that I would refuse to look down at myself until I was in front of a mirror because I wanted to see my fair face first,â⬠à she said. ââ¬Å"And every day I experienced the same disappointment of being just as dark as I was the day before.â⬠The success of dark-skinned model Alek Wek helped Nyongââ¬â¢o to appreciate her skin color. ââ¬Å"A celebrated model, she was dark as night, she was on all of the runways and in every magazine and everyone was talking about how beautiful she was.â⬠ââ¬Å"Even Oprah called her beautiful and that made it a fact. I couldnââ¬â¢t believe that people were embracing a woman who looked so much like me as beautiful. My complexion had always been an obstacle to overcome and all of a sudden Oprah was telling me it wasnââ¬â¢t.â⬠Colorism Still Affects Gabrielle Union Actress Gabrielle Union has no shortage of admirers butà she revealed in 2010 that growing up in an all-white town led to her developing low self-esteem, particularly about her skin color. Her white classmates did not pursue her romantically and she did not meet black boys until she, an athlete, headed off to basketball camp. ââ¬Å"When I got to go to basketball camp and I got to be around black boys, I was like coolâ⬠¦until I got dumpedâ⬠¦for a light skinned girl,â⬠she said. ââ¬Å"And then that whole thing started. My hair isnââ¬â¢t straight enough. My nose isnââ¬â¢t pointy enough. My lips are too big. My boobs arenââ¬â¢t big enough. And you start going through all of that. And I realize as Iââ¬â¢ve gotten older a lot of issues that I was dealing with at 15, I am still dealing with today.â⬠Union said that sheââ¬â¢s also witnessed her teenaged niece confront the same issues with skin color and hair texture, leading her to believe ââ¬Å"that there is a lot more work to do be done.â⬠In Hollywood, where thereââ¬â¢s a high premium on looks, Union said that she continues to grapple with insecurities. ââ¬Å"In the business that I am in now, it is incredibly tough, and to be honest, sometimes it is hard to keep my head above the water, sometimes I feel like Iââ¬â¢m drowning,â⬠she said. ââ¬Å"â⬠¦You donââ¬â¢t get a job, and you immediately want to blame it on, if my hair was different, or maybe if my noseâ⬠¦or they just want to go with light-skin girls, and you start to doubt yourself, and the self-doubts and the low self-esteem starts to creep in.â⬠Tika Sumpter Never Felt Less Than Actress Tika Sumpter remarked in 2014 that being dark-skinned never made her feel less than her five siblings, all of whom are lighter than she is. She said that her mother, who is lighter than her, and her father, who is also dark-skinned, always appreciated her complexion. ââ¬Å"I never felt less than, so even growing up and getting into this business I always felt like well yeah of course youââ¬â¢re going to like me,â⬠à she told Oprah Winfrey. ââ¬Å"â⬠¦I never felt like, wow, the light-skinned girlââ¬âsheââ¬â¢s going to get all the boys. Growing up I was like, yeah, of course Iââ¬â¢m cute. â⬠¦Of course Iââ¬â¢m going to be the president of my class three years in a row. I was never made to feel less than, and it starts at home. It really does.â⬠Hollywood Poses Challenges For All Black Women Actress Vanessa Williams, who has light skin and eyes, was asked in 2014 to discuss the success of Lupita Nyongââ¬â¢o and whether skin color poses a barrier for dark-skinned women. ââ¬Å"Getting a good role is hard no matter what you look like, and Lupita did a phenomenal job,â⬠à Williams said. ââ¬Å"She went to Yale School of Drama and this was the first thing she did out of her tutelage there and sheââ¬â¢s a brilliant actressâ⬠¦ Sheââ¬â¢s amazing because she embodied that role and made you feel. ââ¬Å"Itââ¬â¢s hard to get good roles anyway, no matter how fair your skin isâ⬠¦no matter how brown your skin is. Itââ¬â¢s up to you to make the best out of each opportunity that youââ¬â¢re given.ââ¬
Saturday, December 21, 2019
Human Nature Is A Complex System That Has Many Layers Of
Human nature is a complex system that has many layers of its composition. With this, we tend to often ask ourselves ââ¬Å"what consistencies are evident in the activity of happiness?â⬠Happiness is presented to us in a variety of forms that point us in the direction of having the same end result. Plato, Aristotle, Augustine, and Lewis each provided their own unique views on the accounts of happiness that are portrayed through human nature. With this, there are consistent principles of human nature that relate to happiness through being self-absorbed, finding pleasure, obedient, and moral. To begin, it is only natural that as humans, we are self-absorbed. When an opportunity provides itself for us to speak highly or of tragedy of oneself, weâ⬠¦show more contentâ⬠¦Curiosity fuels the desire to know more, yet God is already knowing all (2, 6, 13). Also, Augustine was able to take sex and turn it into a vice. Augustine and his peers took pleasure in the act of sex and pleas ure in talking about it (2, 1, 1). These ways of pleasure blindly led Augustine away from finding a true happiness during his youth. Next, obedience is one of the complex layers of happiness within human nature. Obedience plays a major role in finding happiness with oneself and God. It was evident with Augustine that his mother, Monica, devoted her life to being an obedient wife, mother, and worshiper of Christ. Her obedience is a demonstration of her devotion to God. Also, Lewis believed that until you give yourself to God, you will not understand your real self. However, once you have discovered your true self, do not mistake this for ultimate power and place yourself in comparison with God (49). Obedience to oneself comes with the acceptance and following of God. Following, morality is something we as humans cannot control. As much as we would like to be in control of this, Augustine suggests otherwise. Morality is a social convention that disables us from judging others. This i s best understood when taught. (11-12). Moral virtues, as discussed by Aristotle, are the ââ¬Å"disposition of desire, trained by habitual action, and in cooperation with reason, to act honorably and appropriately, as circumstancesShow MoreRelatedCentral Nervous System1222 Words à |à 5 Pagesnervous system (CNS) is that portion of the vertebrae nervous system that is composed of the brain and spinal cord. Together with the peripheral nervous system (PNS), the other major portion of the nervous system, the CNS coordinates the bodys interaction with the environment. The CNS is contained within the dorsal cavity, with the brain in the cranial subcavity (the skull), and the spinal cord in the spinal cavity (within the vertebral column). Then human nervous system is the most complex objectRead MoreClassification Between The Objects Is Easy Task For Humans1101 Words à |à 5 PagesClassification between the objects is easy task for humans but it has proved to be a complex problem for machines. The raise of high-capacity computers, the availability of high quality and low-priced video cameras, and the increasing need for automatic video analysis has generated an interest in object classification algorithms. A simple classification system consists of a camera fixed high above the interested zone, where images are captured and consequently processed. Classification includes imageRead MoreSimilarities Between Mayans And Ancient Cultures881 Words à |à 4 PagesFrom their belief in multiple gods to their practices of human sacrifice the Mayans took their beliefs and their religion very seriously. Mayan religion revolved around astronomy, nature and rituals. Like many other ancient cultures, the Mayans believed in gods th at were symbolized by things like the sun, moon, stars and other natural elements. Religious practices were extremely important to the Mayans. They even went as far as to offer human sacrifices to the gods. Mayan land was divided into segmentsRead MoreThe Macrosystem: From Child to Adult Essay1384 Words à |à 6 PagesThis paper focuses mainly on the macrosystem, examining society, culture, and ecological system. Mental health and community counselors should keep in mind the complex, reciprocal interactions that characterize personal behavior in situations. Macrosystem: Describes the culture in which individuals live. Cultural contexts include developing and industrialized countries, socioeconomic status, poverty, and ethnicity. There have been a number of theories surveyed that are foundational to the professionRead MoreProcess Of Decision Making For A Solution Essay1576 Words à |à 7 Pagesthought processes. There are many kinds of factors which can destroy promising innovation processes, and only by understanding the reasons for their existence and their nature change management can respond to them. Many kinds of factors kill promising change processes, and only by understanding the reasons for their existence and their nature, and innovation management can respond to them. Brainstorming and case method are the primary technique used which favours combining in the process of decisionRead MoreFailures Of The World Is Not An Easy Place1516 Words à |à 7 Pages The world is not an easy place to get by in. Whether itââ¬â¢s the physicality of the world itself or the forces of nature, there is so much variation in the breadths of danger present that survival is difficult if not impossible without the ability to dynamically respond to these challenges. Simplicity, though robust in its nature, could not possibly thrive in a world like ours. Life, it seems, is up to the challenge though, and the response is more than just a single answer. Rather, the life foundRead MoreEssay about Carl Gustav Jung1078 Words à |à 5 Pagesextroverted and introverted personality, archetypes, and the collective unconscious. The issues that he dealt with arose from his personal experiences. For many years Jung felt as if he had two separate personalities. One introverted while the other was extroverted. This interplay results in his study of integration and wholeness. His work has been influential not only in psychology, but in religion and literature as well. Jung was born on July 26, 1875 in Kesswil, Switzerland, the only son ofRead MoreHuman Behavior Simulation For Complex Scenarios Involving Coalition Operations1566 Words à |à 7 Pagesworld system. Being termed as an efficient decision support system, modeling and simulation is able to understand and provide better solutions to the problems in various domains. It is also capable to predict and plan the future, mitigate risks, enhance the system performance and so on. Primarily, this modeling and simulation has emerged beyond manual methods of construction and execution of models to computer based tools. Besides this, most of the ecological economics depend on the human behaviorRead MoreSkin Is Not Only The Largest Organ On The Human Body1740 Words à |à 7 PagesIntroduction: Skin is not only the largest organ on the human body, but it is also the most prominent organ that is in the integumentary system. It works in many aspects of protecting the body underneath against the outside environment. The skin has three main layers; the epidermis, dermis and the hypodermis. Each layer have different physical attributes that aid the skin in its job to protect the organism. Purpose: This lab was done to help me understand the layers of the skin and their varying appearances andRead MoreAnalysis Of Restricted Boltzmann Machines763 Words à |à 4 Pagesbelow) from t = 1 to T [3]. (1) ht = H(Wxhxt+Whhht-1+bh) (2) yt = Whyht+by H. Restricted Boltzmann Machines An RBM is a specialized Boltzmann Machine comprised of two respective layers, a layer of visible and hidden units, without hidden-hidden and visible-visible connections. Each hidden and visible unit within the network has a bias and either a binary or stochastic value of 0 to 1 based on probability [3]. The joint distribution of p(v, h; à ¸) over v (visible units) and h (hidden units), based on à ¸
Friday, December 13, 2019
Operations Management in Insurance Sector Free Essays
Operations Management in INSURANCE SECTOR Q. How to measure operational efficiency in service industry? Ans-Insurance companies use KPI indicators to measure operational efficiency and ensure optimum standards. The secret to success for an insurance company is providing the right product, having the right people selling and managing risks associated with it. We will write a custom essay sample on Operations Management in Insurance Sector or any similar topic only for you Order Now Insurance organizations use and act on metrics to avoid unnecessary risks. Following are the Key Performance Indicators (KPI) that insurance companies use to measure operational efficiency. Policy Sales Growth Ratio It measures policy sales growth over a set period of time. It is increase in the number of clients over a specified period. It is helpful to gain insights into policy sales trend. The higher this percentage, the better it is. Policy Sales Growth = (Current period sales revenue ââ¬â previous period sales revenue)/previous period sales revenue Claims Ratio It is defined by claims in a period divided by earned premium in the period. It helps to know the risk of claims and effectiveness of the policy. The ratio needs to be analyzed carefully to understand the risk associated. A higher ratio indicates too many claims compared to premiums and it isnââ¬â¢t good for the company. A lower ratio may indicate difficulty claiming which would lead to customer dissatisfaction. Claims Ratio = Total claims per period/Total earned premiums per period Percentage of Total Lapses It measures the total number of missed payments in a period compared with the policies sold. It helps in understanding why lapses are occurring and stop them from occurring at a high frequency. Read also Exam Operations Management A high percentage might be because of inefficient operations such as problems in the payment process. A company constantly improves its operations to decrease the percentage of lapses in each period. Percentage of Total Lapses = Lapses/Policies Sold Average Time to Settle a Claim It measures the time it takes settle claims. A decreasing trend is favorable. Lower time to settle the claim defines higher operational efficiency of the company. Average Time to Settle a Claim = Total no. of days taken to settle all claims/ Total claims Quotas vs. Production It measures the effectiveness of sellers and agents at meeting their targets. It helps in identifying when target sales are below and taking corrective action. A ratio below 1 means targets is not being met. A higher than 1 ratio means brokers are exceeding the target and it is favorable for the organization. Quotas vs. Production = Total Rs. Quoted Business/Total Revenue Top Brokers in Sales Revenue It ranks brokers based on sales revenue and no. of policies sold. It helps to identify top performers for each category of policies. It also helps to improve the performance of brokers who are lacking behind. Top Brokers in Sales Revenue = Rank top 3 or 10 brokers based on sales revenue Total Benefits as a percentage of premium It is an indicator of financial performance. This measure helps in pricing of insurance policies. It helps to know the risk factors associated with each policy and set fair premiums. Total paid benefits as a percentage of premium = Total paid benefits/Total premium earned Q. How to ensure quality in service business and how to enhance quality in service sector? Ans-There are several ways to ensure and enhance the quality of an insurance company. These are listed below. â⬠¢Six Sigma concepts can be implemented to ensure quality and conform to consumer needs. Six Sigma concepts make use of statistical tools which makes measurement of results easier. â⬠¢Dividing the company into departments based on different categories of insurance such as separate departments for car insurance and health insurance. This would provide better understanding of which categories of insurance should be improved by the company. Deciding on the maximum time to settle an insurance claim. This would allow to improve service and quality of claim processes as claims would be settled more quickly. â⬠¢Online information should be used to provide policy holders with accounts that provide updated information regarding their claims and premium payments. â⬠¢Insurance companies can get into an strategic partnership with mobile banking providers so that customer s can pay their premiums through mobile banking â⬠¢A chart showing the updated rankings of brokers should be available to all brokers. This would increase competition and let the brokers know how much they are lacking behind others. â⬠¢Incentives for top performing brokers should also be announced in advance to keep the motivation level high throughout and improve services. â⬠¢Regular training programs should be conducted for brokers in order to increase their marketing and selling skills â⬠¢A complaint center should be established in the premises to deal with the complaints received from customers. The complaints should be discussed and a corrective action plan should be develop to deal with problem. The action plan should be implemented and results must be analyzed â⬠¢A maximum time to act on a complaint should be decided within that time the department has to act on the complaint. The corrective action taken should be documented and implemented within the specified time â⬠¢External benchmarking with other insurance companies might also be helpful in identifying short comings and improving services â⬠¢Define to brokers the criteria of quality customer interaction and to led them act on it How to cite Operations Management in Insurance Sector, Papers
Thursday, December 5, 2019
Elements of music Essay Example For Students
Elements of music Essay A melodic phrase is a group of notes that make sense together and express a definite melodic idea, but it sakes more than one phrase to make a complete melody. 2. Form Every piece of music has an overall plan or structure, the big picture, so to speak. This is called the form of the music. Musical forms offer a great range of complexity. Most listeners will quickly grasp the form of a short and simple piece, or of one built from many short repetitions. It is also easier to recognize familiar musical forms. Musicians traditionally have two ways to describe the form of a piece of music. One way involves labeling each large section with a letter. The other way is to simply give a name to a form that is very common. . Rhythm Rhythm in music is dependent on the fact that humans recognize a beat occurring at a regular interval. Rhythm in music is more than Just a beat, however; it is the way that sounds with differing lengths or gaps between them and accents can combine to produce patterns in time which contain a beat. These sounds do not have to be particularly musical; rhythms can be made by striking almost anything, as long as there can be difference in accent. It is important to understand that the rhythm is defined by the pattern; the overall speed of it could vary from performance to reference, but the rhythm would still be the same. 4. Harmony Harmony is produced when two complementary notes sound simultaneously. Harmony is found in chords, or can be played along a main melody; see texture. Harmony is described as being vertical, since harmony is only achieved when notes are played at the same time. Harmony accompanies and supports the melody. In general, harmony refers to the combination of notes or chords played together and the relationship between a series of chords. 5. Texture Musical texture refers to the number of layers as well as the type of layers used in a elements of music By cascaras elodea line, polyphonic; two or more melodic lines and homophobic; a main melody accompanied by chords. Texture describes the complexity of a musical composition. The word texture is used because adding different layers or elements to music creates a musical tapestry. Texture can be simple or elaborate. Texture is the way the melodic, rhythmic, and harmonic materials are combined in a composition. 6. Dynamics Dynamics are abbreviations or symbols used to signify the degree of loudness or softness of a piece of music. It also indicates whether there is a change in volume. Dynamic levels are not something that can be measured exactly. Italian words are used to describe musical dynamics. We use the Italian terms piano and forte to indicate soft and loud. They are usually abbreviated p and f. The important thing is that dynamic levels should be correct in relation to one another. Dynamics also refer to every aspect of execution of a given piece both stylistic and functional. 7. Timbre Also known as tone color. It refers to the quality of sound that distinguishes one voice or instrument from another. Timbre is the unique quality of an instruments sound. Timbre describes the difference between two tones played in the same pitch ND volume.
Thursday, November 28, 2019
Michelangelo Essays (1627 words) - Sistine Chapel, Painted Ceilings
Michelangelo Michelangelo was pessimistic in his poetry and an optimist in his artwork. Michelangelo's artwork consisted of paintings and sculptures that showed humanity in it's natural state. Michelangelo's poetry was pessimistic in his response to Strazzi even though he was complementing him. Michelangelo's sculpture brought out his optimism. Michelangelo was optimistic in completing The Tomb of Pope Julius II and persevered through it's many revisions trying to complete his vision. Sculpture was Michelangelo's main goal and the love of his life. Since his art portrayed both optimism and pessimism, Michelangelo was in touch with his positive and negative sides, showing that he had a great and stable personality. Michelangelo's artwork consisted of paintings and sculptures that showed humanity in it's natural state. Michelangelo Buonarroti was called to Rome in 1505 by Pope Julius II to create for him a monumental tomb. We have no clear sense of what the tomb was to look like, since over the y ears it went through at least five conceptual revisions. The tomb was to have three levels; the bottom level was to have sculpted figures representing Victory and bond slaves. The second level was to have statues of Moses and Saint Paul as well as symbolic figures of the active and contemplative life- representative of the human striving for, and reception of, knowledge. The third level, it is assumed, was to have an effigy of the deceased pope. The tomb of Pope Julius II was never finished. What was finished of the tomb represents a twenty-year span of frustrating delays and revised schemes. Michelangelo had hardly begun work on the pope's tomb when Julius commanded him to fresco the ceiling of the Sistine Chapel to complete the work done in the previous century under Sixtus IV. The overall organization consists of four large triangles at the corner; a series of eight triangular spaces on the outer border; an intermediate series of figures; and nine central panels, all bound togeth er with architectural motifs and nude male figures. The corner triangles depict heroic action in the Old Testament, while the other eight triangles depict the biblical ancestors of Jesus Christ. Michelangelo conceived and executed this huge work as a single unit. It's overall meaning is a problem. The issue has engaged historians of art for generations without satisfactory resolution. The paintings that were done by Michelangelo had been painted with the brightest colors that just bloomed the whole ceiling as one entered to look. The ceiling had been completed just a little after the Pope had died. The Sistine Chapel is the best fresco ever done. Michelangelo embodied many characteristic qualities of the Renaissance. An individualistic, highly competitive genius (sometimes to the point of eccentricity). Michelangelo was not afraid to show humanity in it's natural state - nakedness; even in front of the Pope and the other religious leaders. Michelangelo portrayed life as it is, even with it's troubles. Michelangelo wanted to express his own artistic ideas. The most puzzling thing about Michelangelo's ceiling design is the great number of seemingly irrelevant nude figures that he included in his gigantic fresco. Four youths frame most of the Genesis scenes. We know from historical records that various church officials objected to the many nudes, but Pope Julius gave Michelangelo artistic freedom, and eventually ruled the chapel off limits to anyone save himself, until the painting was completed. The many nude figures are referred to as Ignudi. They are naked humans, perhaps representing the naked truth. More likely, I think they represent Michelangelo's concept of the human potential for perfection. Michelangelo himself said, ?Whoever strives for perfection is striving for something divine.? In painting nude humans, he is suggesting the unfinished human; each of us is born nude with a mind and a body, in Neoplatonic thought, with the power to be our own shapers . Michelangelo has a very great personality for his time. In Rome, in 1536, Michelangelo was at work on the Last Judgment for the altar wall of the Sistine Chapel, which he finished in 1541. The largest fresco of the Renaissance, it depicts Judgment Day. Christ, with a clap of thunder, puts into motion the inevitable separation, with the saved ascending on the left side of
Sunday, November 24, 2019
Frankenstein by Mary Shelley An analysis of some of the themes and motifs in Shelleys novel
Frankenstein by Mary Shelley An analysis of some of the themes and motifs in Shelleys novel Adham KarimAlienation Isolation in FrankensteinMary Shelley develops the theme of alienation and isolation and its consequent increase of hostility through various characters throughout her novel Frankenstein. The theme may have originated from various elements, including Mary Shelley's father, William Godwin, who felt that the isolated individual would become vicious. This idea was shared by Shelley and manifested in the characters, Victor Frankenstein and his monster (The Journals of Mary Shelley). These two individuals were not born hostile, however, but were driven to perform their hostile actions in order to force the acknowledgement of their existence.A third character with whom Shelley identifies the theme of isolation would be Robert Walton, the seafaring adventurer who is narrating the story. Although he is surrounded by a ship full of men, Walton confides early on to his sister that he feels isolated because none of the members of his crew could "keep hardly a word with me ."Manuscript page from Frankenstein by Mary ShelleyFurthermore, Shelley portrays Walton's isolation through his instant friendship with Frankenstein, and intellectual being.From early in the story, the reader can visualize Frankenstein's isolation when speaking of his youth. He says that his father was the only one who had educated him when he was young; therefore, he never attended any formal schools, or interacted with many children his age. It is this type of isolation that will later lead to Frankenstein's creation of the demon.Frankenstein, at college, had found a keen interest in natural philosophy, and, because he wasn't accustomed to social interaction, had soon immersed himself in his studies, rather than meeting new acquaintances, unlike his friend Henry Clerval, who would always engage himself in conversation with new friends. In the midst of working hard to discover the "secret of life," Frankenstein lost all sense of morals and...
Thursday, November 21, 2019
Dark Pools Case Study Example | Topics and Well Written Essays - 3000 words
Dark Pools - Case Study Example They are known to be trading in a dark pool. Thus, the concept of Dark Pool was introduced much back in 1980. This was initiated when many few of the institutional investors and traders got involved in trade in a secure place, away from the interfering eyes of the brokers or public exchanges. Their main aim was to sell or buy large amount of the stocks without being affected by the market fluctuations and achieve a better price than that provided by the public exchanges (ââ¬Å"Definition of Dark Poolsâ⬠). It was noticed that around 2005, the dark pools was successful in capturing 3-5% of the total market activity. After that, the situation had started to improve when the Security and Exchange Commission (SEC) passed a new regulation, called the Reg NMS (Regulation National Market System). In this regulation, there were provisions which had increased the level of competition among the exchanges. However, it got rid of the rules that confined manual quotations which are generated by the stock exchanges. It allowed the investors the option to avoid the exchanges, if they are unsatisfied with the price and receives better price and convenience elsewhere. Dark Pools The dark pools can be defined as the name that is given to the networks which enables the traders to sell or buy huge orders without bearing the risk of other traders and their price of selling the orders. Thus, they are criticized for the lack of transparency that the later possesses. The unavoidable fragmentation of trading can lead to less competent pricing in the conventional open stock exchanges. In the dark pools, the pre-trade prices of the shares that are open for sale are not detectable to the public. The participants are also not aware of the prices at which the shares are traded. The prices are revealed only when the trade is done (ââ¬Å"What the Heck is a Dark Pool and Why are People Trading in Them?â⬠). The Reg NMS gave an opportunity to the brokers and the dealers to start their own automated trading, thereby creating dark pools. The institutional investors and the banks which generate huge money, started to head towards these dark pools in order to save their trading costs. The recent statistics indentify that there has been 12% trading in the dark pool accounts in United States (ââ¬Å"What are dark pools?â⬠). The main benefit of trading in dark pool can be recognized as the price improvement. The benefit can be explained through an example. Suppose the bid price of a stock on an exchange is $10.00 and the asking price is $10.10. The dark pool will set the price at $10.05 which is in the midpoint of ask and bid price. The investors like the activity of the dark pool and thus, prefer to invest there. The equity markets in United States and worldwide are prospering at an increasing rate. The participants work on a certain model which allows the people, interested to trade display the sell or buy price and ask or bid price. In the exchanges, the displa yed prices by the brokers are seen in the Tier II quotes (ââ¬Å"What the Heck is a Dark Pool and Why are People Trading in Them?â⬠). The opposite of the displayed prices are the dark pools. It refers to the place where the trading liquidity
Subscribe to:
Posts (Atom)