Daily Archives: March 14, 2013

Business

NanoMarkets Issues Latest Report on Market for OLED Lighting; Revises Forecasts Downward

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NanoMarkets today announced the release of its report titled “OLED Lighting Market Forecast 2013.”

Glen Allen, Virginia – March 14, 2013 — Industry analyst firm NanoMarkets today announced the release of its report titled “OLED Lighting Market Forecast 2013.” In its latest report, NanoMarkets has significantly lowered its previously released estimates on the future prospects for OLED lighting panels and luminaires. And while the firm estimates that the OLED lighting products business can still surpass $2 billion (USD) in revenues by the year 2020, a number of market and technical factors will need to be overcome for this market opportunity to fully emerge. Additional details about the report are available at: http://nanomarkets.net/market_reports/report/oled_lighting_market_forecast_2013.

From the Report:

Most of the industry’s observers and participants have been targeting the year 2016 as the year that OLED lighting was to really take off. Unfortunately though, in the past year the market showed no discernible technical advancements and from the manufacturing standpoint, there has been insufficient progress on bringing yields up and costs down to support OLED lighting’s entry into general illumination applications like office lighting. Production facilities remain insufficient and the economies within both Europe and Japan are severely dampening market prospects. Last but not least, the industry lacks a true market “champion” that will lead the business forward.

NanoMarkets sees one of three possible scenarios for the OELD lighting business.

Scenario 1: One or two “champion” firms will emerge (perhaps with government support), make substantial performance and process improvements, and sufficiently expand production capacity to bring costs down to a level that with finally enable penetration of general illumination markets. NanoMarkets believes that right now LG is THE firm to drive the market but also notes that China’s influence on the OLED lighting business has yet to be felt.

Scenario 2: If no champion emerges, costs stay high, and performance lags the competition then OLED lighting will be relegated to specialty, niche-only luxury lighting with a market value unlikely exceeding $500 million in revenues before the end of the decade. This will certainly lead to a large exodus from the business.

Scenario 3: Industry fails to attain any reasonable targets – cost or otherwise – and thus relegating the technology to the dustbin of abandoned “revolutionary” technologies. While NanoMarkets does not currently hold this position as the most likely, the industry’s failure to do more than offer future promises makes it a more sobering reality than anyone would have likely considered as recently as last year.

About the report:

Within its new report, NanoMarkets examines three possible scenarios for the OLED lighting business. It also assesses the product development and marketing strategies of the major players in the sector, including Philips, Osram, LG, Mitsubishi/Pioneer, PIOL, Novaled, Lumiotec, Kaneka, Visionox, Acuity Brands, LEDON OLED/Tridonic, First-o-Lite, WAC Lighting, GE, Samsung, Moser-Baer, and others.

The report contains detailed, eight-year forecasts for OLED lighting, at both the OLED panel and luminaire/fixture level, in both value ($ millions) and volume (both area and units) terms, broken out by application. OLED lighting applications covered are: samples and designer “kits”, luxury luminaires, large-scale installations, residential lighting, commercial lighting, and automotive lighting.

About NanoMarkets:

NanoMarkets tracks and analyzes emerging market opportunities in solid-state lighting, energy, electronics and other markets created by developments in advanced materials. The firm is a recognized leader in industry analysis and forecasts of this kind and has been covering the OLED and OLED materials space for more than six years.

Visit http://www.nanomarkets.net for a full listing of NanoMarkets’ reports and other services.

Media Contact:
Robert Nolan
NanoMarkets, LC
PO BOX 3840
Glen Allen, VA 23058
(804) 938-0030
rob@nanomarkets.net

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Education

Adaptive Learning In Higher Education: A Reality Check

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Education Growth Advisors Report Makes Case for Accelerating Adaptive Learning in Higher Education

Stamford, CT, March 13, 2013 — Today, the higher education marketplace is thick with companies and organizations claiming to have “personalized learning” or “adaptive learning” capabilities. Companies are using this language in their sales and marketing efforts, creating confusion for institutions as they grapple with determining an approach to personalized learning that matches their students’ and instructors’ needs. But if one cuts through the clutter, adaptive learning may be one key capable of actually unshackling higher education from the “Iron Triangle” of cost, access and quality, according to a white paper by Education Growth Advisors. The white paper, entitled “Learning to Adapt: A Case for Accelerating Adaptive Learning in Higher Education”, funded by the Bill & Melinda Gates Foundation, explores the current adoption, opportunities, barriers, advancements, solutions and case studies of adaptive learning in higher education.

“In the era of MOOC mania, newfangled competency-based credentials, and complicated policy debates about how best to increase access to higher education while simultaneously reducing costs and maintaining quality, adaptive learning may play out to be a significant ingredient to alleviating the escalating pressures on higher education,” said Adam Newman, co-founder of Education Growth Advisors. “With broader adoption and evaluation, the market can determine if adaptive learning can realize its potential of delivering learning to more learners, more effectively and more efficiently than ever before.”

The white paper, a precursor to the full report expected to be published later in March, is designed to simplify the discussion by providing analysis of the adaptive learning landscape, including benefits and drawbacks of current products and tools, and case studies from select universities. The paper explores:

* A uniform definition of personalized versus adaptive learning;

* A discussion of varying approaches to adaptive learning from linear to complex algorithmic pathways;

* A review of solutions providers from Platform to Publishers;

* Examples of adaptive learning adoption and evaluation on campuses around the globe;

* The internal and external risks and barriers of adaptive learning adoption by colleges, universities and faculty; and

* The critical questions institutional leaders must address before proceeding with an adaptive learning initiative.

For more information, download a copy of “Learning to Adapt: A Case for Accelerating Adaptive Learning in Higher Education” or request a copy of the soon to be released full report, which will provide institutions with more tools for evaluation of providers and the rapidly evolving landscape, please visit Education Growth Advisors at http://edgrowthadvisors.com/research/ or call (203) 658-8100.

About Education Growth Advisors
Founded in 2010 by longtime education and investment industry veterans Adam Newman and Christopher Curran, Education Growth Advisors (“EGA”) is a strategic advisory and consulting firm working across the K-12, postsecondary, corporate and lifelong learning sectors. EGA delivers business expertise that marries rigorous, research-based market analysis, hands-on education-industry experience and extensive transactional and capital markets experience. EGA’s unique position at the heart of the education industry ensures that its clients have the partner they need to make the right decisions in today’s complex and rapidly evolving education marketplace. For more information about Education Growth Advisors, visit www.edgrowthadvisors.com.

Contact:
Kavitha Thimmaiah
Communications Strategy Group
3225 East 2nd Avenue
Denver, CO 80206
303-433-7020
kthimmaiah@csg-pr.com
http://www.csg-pr.com

Business

LSE, UCL, Imperial and Bristol Top Researchers at High-Frequency Trading Leaders Forum 2013 London

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Golden Networking hosts the World’s Most Influential High-Frequency Trading Conference Series, High Frequency Trading Leaders Forum 2013 London “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, March 21 (www.High-Frequency-Trading-Conference.com).

New York City, NY, USA (March 14, 2013) — High-Frequency Trading Leaders Forum 2013, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” (http://www.High-Frequency-Trading-Conference.com), is the unique forum that will provide attendees in London (March 21) with the most up-to-date review of the present and future of the industry coming directly from leading academics:

– Professor Alex Preda, Professor of Accounting, Accountability and Financial Management, King’s College
– Professor Daniel Beunza, Lecturer, London School of Economics
– Professor Dave Cliff, Department of Computer Science, University of Bristol
– Professor Juan Pablo Pardo-Guerra, Lecturer, London School of Economics
– Professor Philip Treleaven, Director, PhD, Centre in Financial Computing, UCL
– Professor Walter Distaso, Professor of Financial Econometrics, Imperial College London

High-Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading.info) “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” is bringing the insights for investors and speed traders, who need to protect and refine their competitive advantage in a world dominated by algorithmic and high-frequency trading. Who better than Professors Preda, Beunza, Cliff, Treleaven and Distaso to provide their insights to the hundreds of attendees to High-Frequency Trading Leaders Forum 2013.

Dr. Preda is Professor of Accounting, Accountability and Financial Management, King’s College London. Professor Preda holds a PhD from the University of Bielefeld. Prior to joining the Department of Management at King’s College he worked at the University of Edinburgh and at the University of Konstanz. His principal research activities relate to global financial markets, and his research interests include: strategic behaviour in financial markets; decision-making and cognitive processes in electronic anonymous markets; market automation and trading technologies; valuation processes in markets; the role of communication in decision-making processes; the public understanding of finance; the governance of global finance. Professor Preda has recently conducted an ESRC-funded research project, Technology, Action and Cognition in Online Anonymous Markets: A Sociological Study of Non-institutional Traders and is investigator on Evaluation Practices in Financial Markets, a five-year project funded by the European Research Council, working together with colleagues from the University of Edinburgh and the London School of Economics. His publications include, among others, Framing Finance: The Boundaries of Markets and Modern Capitalism (University of Chicago Press, 2009) and Information, Knowledge, and Economic Life: An Introduction to the Sociology of Markets, (Oxford University Press, 2009). He is the co-editor (with Karin Knorr Cetina) of the Handbook of the Sociology of Finance (Oxford University Press, 2012) and The Sociology of Financial Markets (Oxford University Press, 2005).

Dr. Beunza is a Lecturer in Management within the Employment Relations and Organisational Behaviour Group at the London School of Economics and Political Science. His research in sociology explores the ways in which social relations and technology shape financial value. His award-winning study of a derivatives trading room on a Wall Street bank traces the roots of extraordinary returns to the use of space and internal organization. He has also studied securities analysts and the systemic risk posed by financial models. Along with other sociologists, Dr. Beunza’s research has led to the development of an emerging discipline, the social studies of finance, that challenges economic and behavioural understandings of finance by incorporating the role of social relations and technology. Dr. Beunza’s current research focuses on financial exchanges and socially responsible investment. His other research interests include management, social studies of finance, organization theory, and sociology of finance. Prior to joining the London School of Economics, Dr. Beunza taught at Universitat Pompeu Fabra (Barcelona) and Columbia Business School in New York City. He obtained his PhD from New York University.

Dr. Cliff is Professor at the Department of Computer Science, University of Bristol and Director of the UK LSCITS (Large Scale Complex IT Systems) Initiative. Professor Cliff is the inventor of the seminal “ZIP” trading algorithm, one of the first of the current generation of autonomous adaptive algorithmic trading systems, which was demonstrated to outperform human traders in research published in 2001 by IBM. Professor Cliff spent the first seven years of his career working as an academic, initially at the University of Sussex UK and then as an associate professor in the MIT Artificial Intelligence Lab, Cambridge USA. Professor Cliff’s early research was in computational neuroscience/neuroethology studying visual control of gaze and flight in airborne insects; in using artificial evolution to automate the design of autonomous mobile robots; and in studying the coadaptive dynamics of competitive co-evolutionary arms-races (e.g. between species of predator and prey). In 1996, while working as a consultant for Hewlett-Packard Laboratories, Professor Cliff invented the “ZIP” trading algorithm. In 1998 he resigned his post at MIT to take up a job as a senior research scientist at the HP Labs European Research Centre in Bristol, UK, where he founded and led HP’s Complex Adaptive Systems research group. In early 2005, Professor Cliff moved to Deutsche Bank’s Foreign Exchange trading floor in London, where he worked as a director in Deutsche’s FX Complex Risk Group. In late 2005, Professor Cliff resigned from Deutsche to serve as a Professor of Computer Science at the University of Southampton. In October 2005, Professor Cliff was appointed Director of a UK national research consortium, addressing issues in the science and engineering of Large-Scale Complex IT Systems (LSCITS). In July 2007, Professor Cliff moved to become Professor of Computer Science at the University of Bristol. In 2011, Professor Cliff and Linda Northrop (Director of the USA’s Software Engineering Institute’s ULSS Project) jointly authored a paper on the global financial markets as ultra-large-scale systems, commissioned by the UK Government Office for Science. Professor Cliff has a Bachelor of Science degree in Computer Science from the University of Leeds, with Master of Science and PhD degrees in Cognitive Science from the University of Sussex.

Dr. Pardo-Guerra is Lecturer in Sociology at the London School of Economics and Political Science. He studied physics at UNAM, Mexico, and holds an MSc and PhD in science and technology studies from the University of Edinburgh. His current research examines the dynamics of technology in financial markets, focusing on the evolution of information dissemination and automated trade execution systems between 1970 and 2010. His research, along with that of other colleagues at LSE and Edinburgh, informed the UK government’s policy on the future computer-based trading in financial markets. More broadly, his research engages with the linkages between markets, technologies, politics and expertise, re-evaluating the role and nature of markets in modern societies. He has published in top-ranking journals and across disciplines, including Economy & Society, Cultural Sociology, Journal of Cultural Economy, (sociology), Technology in Society (innovation studies) and Journal of Empirical Finance (financial economics).

Professor Treleaven is Director of the UK Centre for Financial Computing and Professor of Computing at UCL. The UK Centre is a collaboration of UCL, London School of Economics, London Business School and the major financial institutions and commercial organisations. The Centre undertakes analytics research in finance, retail, healthcare, services and sport. For the past 8 years Prof. Treleaven’s research group has developed algorithmic trading systems with many of the leading investment banks and funds, and for the past 3 years they have worked on HFT trading risk and systemic risk. The UK Centre has over 70 PhD students working on finance and business analytics, and is unique in placing them in banks, funds and companies to develop advanced analytics and software.

Professor Walter Distaso joined Imperial College Business School in September 2006. He holds a PhD from the University of York. Previously, he held positions at the University of Exeter and Queen Mary, University of London. He has also been a visiting professor at the IMF. His research interests are in the area of estimation, specification testing and prediction of financial Volatility in continuous time models; analyzing macroeconomic and financial time series using long memory models; identifying the macroeconomic determinants of stock-market volatility; studying the dependence of multivariate financial time series using copulas; evaluating competing trading strategies; analyzing the features and the effects of market microstructure noise.

High Frequency Trading Leaders Forum 2013 (http://www.hft-leaders-forum.com) is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by calling +1-414-FORUMS0 or sending an email to info@goldennetworking.net.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net

Business

European Parliament, Chicago Fed, Bank of England and AMF Top Regulators at London HFT Leaders Forum

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Golden Networking hosts the World’s Most Influential High-Frequency Trading Conference Series, High Frequency Trading Leaders Forum 2013 London “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, March 21 (www.High-Frequency-Trading-Conference.com).

New York City, NY, USA (March 14, 2013) — High-Frequency Trading Leaders Forum 2013, “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” (http://www.High-Frequency-Trading-Conference.com), is the unique forum that will provide attendees in London (March 21) with the most up-to-date review of the present and future of the industry coming directly from top international regulators:

– Ms. Arlene McCarthy, Vice Chair – Economics and Monetary Affairs Committee and Draftsperson, Market Abuse Directive, European Parliament
– Mr. Philippe Guillot, Executive Director of the Markets Division, Autorité des Marchés Financiers (AMF)
– Ms. Carol Clark, Sr. Policy Specialist, Federal Reserve Bank of Chicago
– Mr. Joseph Noss, Financial Stability, Bank of England

High-Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading.info) “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” is bringing the insights for investors and speed traders, who need to protect and refine their competitive advantage in a world dominated by algorithmic and high-frequency trading. Who better than Ms. McCarthy, Ms. Clark and Messrs. Noss and Guillot to provide their insights to the hundreds of attendees to High-Frequency Trading Leaders Forum 2013.

Ms. McCarthy is Vice Chair, Economics and Monetary Affairs Committee and Draftsperson, Market Abuse Directive, European Parliament. McCarthy graduated from South Bank Polytechnic (now London South Bank University) in 1983 with B.A. (Hons) proceeding to attend the Free University of Berlin and then later attending the University of Manchester to conduct Ph.D. studies. After completing studies McCarthy was employed as a lecturer in International Politics and Regional Studies at the Free University of Berlin, and was also employed at the European Parliament working for the Socialist Group. Ms. McCarthy holds a number of positions within Parliament, being a member of the Party of European Socialists, she sits in the Progressive Alliance of Socialists and Democrats group. Ms. McCarthy serves as Chair of the Committee on Internal Market and Consumer Protection and has since 2009 served as the Vice-Chair of the Committee on Economic and Monetary Affairs.

Mr. Guillot is Executive Director of the Markets Division at the Autorité des Marchés Financiers (AMF); he was appointed on March 19, 2012. The AMF Markets Division monitors financial markets, infrastructures and market stakeholders. Mr. Guillot began his career in finance in 1987 at DKL James Capel (now HSBC), where he held various positions focused on financial markets. In 1991 he joined Enskilda Securities as a market maker, first in Paris then in London. In 1998 he moved to Crédit Agricole Cheuvreux in Paris, taking over as head of Facilitation, before being appointed Group Trading Director in 2006, in Paris then London. Throughout all these years, Mr. Guillot has played an active role in numerous working groups and market authorities dealing with MiFID issues. He was a member of the Securities Trading Committee of the AFME (Association for Financial Markets in Europe), and represented Cheuvreux with the Regulated Markets and MTF (Multilateral Trading Facilities). Mr. Guillot holds a degree in private law from Paris XI University.

Ms. Clark is a Senior Policy Specialist in the financial markets group at the Federal Reserve Bank of Chicago. Her work focuses on public policy issues relating to trading (high speed trading, high frequency trading and algorithmic trading), market microstructure, clearing, settlement and payments. Prior to joining the financial markets group, Ms. Clark held a variety of positions at the Bank including national market research manager in the customer relations and support office, payments research manager in the economic research department, examiner in the capital markets unit, research coordinator in the national book-entry securities office and analyst in the loans and reserves department. Her research has been published in the Journal of Payment Systems Law and the Federal Reserve Bank of Chicago’s Chicago Fed Letter and Economic Perspectives. Ms. Clark has a B.A. from St. Xavier College and an M.A. from the University of Chicago.

Mr. Noss is an economist at the Bank of England. His work spans a range of issues connected to bank regulation, and he represents the Bank on a number of international policy groups. His research interests include a range of topics connected to financial markets and their implications for Financial Stability.

High Frequency Trading Leaders Forum 2013 (http://www.hft-leaders-forum.com) is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by calling +1-414-FORUMS0 or sending an email to info@goldennetworking.net.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net

Business

Quant Investing, Equities Algorithmic and High-Frequency Trading Expert at Top London HFT Conference

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Golden Networking hosts the World’s Most Influential High-Frequency Trading Conference Series, High Frequency Trading Leaders Forum 2013 London “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges”, March 21 (www.High-Frequency-Trading.info).

New York City, NY, USA (March 14, 2013) — Stuart Theakston, independent industry expert on Quantitative Investment, Algorithmic Execution and High-Frequency Trading in Equities, covering strategies, market micro-structure and technology, will be joining other high-profile panelists at the most influential high-frequency trading conference in the world, Golden Networking’s High Frequency Trading Leaders Forum 2013 London, March 21. Anyone interested or involved in high-frequency trading will be able to gain inside knowledge at High Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading.info) “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges,” which brings insightful keynote speeches and highly regarded panels.

Previously, Mr. Theakston was Head of Quantitative Research and Automated Trading at GLC Ltd, a $1bn London based hedge fund trading short-term Equity Statistical Arbitrage and CTA strategies. Mr. Theakston managed all research and development of the quantitative models and trading systems across Equity and CTA programmes. He originally joined GLC in 2008 to build the firm’s High-Frequency and Automated trading capability in equities.

Prior to GLC, Mr. Theakston worked at Merrill Lynch and Deutsche Bank, with responsibility for delivering quantitative trading tools and high performance execution products to hedge fund clients and internal trading desks. Mr. Theakston started his career at Goldman Sachs and enjoyed a short stint as a Venture Capitalist during the (first) internet investment boom.

Mr. Theakston graduated from Cambridge University with an honours degree in Computer Science and also holds a masters degree in Finance from the London Business School.

High-Frequency Trading Leaders Forum 2013 (http://www.High-Frequency-Trading.info) “Strategic and Tactical Insights for Investors, Speed Traders, Brokers and Exchanges” will bring insights for investors and speed traders, who need to protect and refine their competitive advantage in a world dominated by algorithmic and high-frequency trading. Recognized practitioners, regulators, experts, and strategists will return to High-Frequency Trading Leaders Forum 2013 to provide attendees with the information they are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.

Topics that will be discussed at High-Frequency Trading Leaders Forum 2013 include the movement toward emerging markets, which is increasingly attuned to the use of bots, and the regulatory environment, specifically how new technologies are changing the game, including a look at the upcoming regulatory changes that undoubtedly will be precipitated by Knight Capital’s trading glitch.

High Frequency Trading Leaders Forum 2013 is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by calling +1-414-FORUMS0 or sending an email to info@goldennetworking.net.

Media Contact:
Julia Petrova
Media Relations Coordinator
Golden Networking
+1-414-FORUMS0
jpetrova@goldennetworking.net
http://www.goldennetworking.net