Sep 15, 2006 10:38
17 yrs ago
1 viewer *
English term
equity trading VaR
English to French
Bus/Financial
Finance (general)
brokerage
Over the past several years, the institutional brokerage industry has undergone wrenching changes. Technological development, regulatory initiatives, increased competition, and an evolving market structure have forced brokerages to re-examine their traditional business models. Equity brokerage, once considered a stable and profitable business for a range of firms, has become commoditized. In the United States, decimalization, electronic markets, and automated trading strategies have all contributed to a decline in average trade size and a severe contraction in commission rates (see Figure 1).
In the face of declining commission revenues, the largest firms have aggressively pursued order flow, investing heavily in client-facing trading technology and developing algorithmic trading solutions to automate low-touch, low-margin trades. Firms have also ramped up their proprietary trading activities, hoping to take advantage of client order flow information to gain insights into market trends. Unfortunately, increased competition from new prop desks, coupled with higher inventory requirements and growing equity trading VaR, have depressed the sell side’s return on equity assets to a 10-year low (see Figure 2 and Figure 3 on page 6).
In the face of declining commission revenues, the largest firms have aggressively pursued order flow, investing heavily in client-facing trading technology and developing algorithmic trading solutions to automate low-touch, low-margin trades. Firms have also ramped up their proprietary trading activities, hoping to take advantage of client order flow information to gain insights into market trends. Unfortunately, increased competition from new prop desks, coupled with higher inventory requirements and growing equity trading VaR, have depressed the sell side’s return on equity assets to a 10-year low (see Figure 2 and Figure 3 on page 6).
Proposed translations
(French)
| 4 +2 | négociations/opérations sur actions à valeur exposée au risque/valeur à risque |
Francis MARC
|
| 4 +1 | var des opérations sur actions |
Tillole (X)
|
Proposed translations
+2
6 mins
Selected
négociations/opérations sur actions à valeur exposée au risque/valeur à risque
Cambiste.info : VaR ou Value at RiskLa Value at Risk (ou VaR) est une méthode d'évaluation du risque de marché. Elle a été introduite dès 1994 par la banque d'affaires JP MORGAN. ...
www.cambiste.info/sdmpage/risques/risk30.php - 18k - En cache - Pages similaires
Art de la finance - e-learning HEC - Les EchosLa méthode de la Value at Risk (VaR) est aujourd'hui utilisée par toutes les grande banques pour évaluer le risque du marché. ...
www.lesechos.fr/formations/finance/articles/article_11_1.ht... -
Termium:
Domaine(s)
– Investment
– Auditing (Accounting)
– Probability (Statistics)
Domaine(s)
– Investissements et placements
– Vérification comptable
– Probabilités
value-at-risk Source CORRECT
VAR Source CORRECT
valeur exposée au risque Source
CORRECT, FÉM
valeur à risque Source CORRECT, FÉM
VAR Source CORRECT, FÉM
DEF – Concept derived from statistical
estimates of the losses or gains a
portfolio could experience, due to
changes in underlying prices, over a
given holding period, for given confidence
intervals. Source
OBS – VAR is usually measured at a
99% confidence interval and assumes
that changes in rates and prices are
correlated. Source
OBS – VAR incorporates two important
components of risk: (1) the sensitivity of
a portfolio to changes in underlying
prices (how well the portfolio is hedged),
and (2) the volatility of underlying prices
(the likelihood of large price changes).
Source
DEF – Effet défavorable que les risques
de changement des taux et des cours
du marché peuvent avoir sur la valeur
d'un portefeuille pendant une période
particulière. Source
CONT – Le risque de marché est de
plus en plus mesuré par les opérateurs
au moyen d'une approche «valeur
exposée au risque», qui mesure le gain
[ou perte] potentiel - pour une position,
un portefeuille ou une institution - qui
résulterait d'une variation de prix d'une
probabilité donnée sur un horizon
temporel déterminé. Source
www.cambiste.info/sdmpage/risques/risk30.php - 18k - En cache - Pages similaires
Art de la finance - e-learning HEC - Les EchosLa méthode de la Value at Risk (VaR) est aujourd'hui utilisée par toutes les grande banques pour évaluer le risque du marché. ...
www.lesechos.fr/formations/finance/articles/article_11_1.ht... -
Termium:
Domaine(s)
– Investment
– Auditing (Accounting)
– Probability (Statistics)
Domaine(s)
– Investissements et placements
– Vérification comptable
– Probabilités
value-at-risk Source CORRECT
VAR Source CORRECT
valeur exposée au risque Source
CORRECT, FÉM
valeur à risque Source CORRECT, FÉM
VAR Source CORRECT, FÉM
DEF – Concept derived from statistical
estimates of the losses or gains a
portfolio could experience, due to
changes in underlying prices, over a
given holding period, for given confidence
intervals. Source
OBS – VAR is usually measured at a
99% confidence interval and assumes
that changes in rates and prices are
correlated. Source
OBS – VAR incorporates two important
components of risk: (1) the sensitivity of
a portfolio to changes in underlying
prices (how well the portfolio is hedged),
and (2) the volatility of underlying prices
(the likelihood of large price changes).
Source
DEF – Effet défavorable que les risques
de changement des taux et des cours
du marché peuvent avoir sur la valeur
d'un portefeuille pendant une période
particulière. Source
CONT – Le risque de marché est de
plus en plus mesuré par les opérateurs
au moyen d'une approche «valeur
exposée au risque», qui mesure le gain
[ou perte] potentiel - pour une position,
un portefeuille ou une institution - qui
résulterait d'une variation de prix d'une
probabilité donnée sur un horizon
temporel déterminé. Source
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
+1
21 hrs
var des opérations sur actions
Je dirais "l'augmentation de la VaR (Value at Risk) des opérations sur actions". On ne traduit pas var en français, le terme est reconnu tel quel.
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