Utopian Data

BITCOINS AND THE PRICE INDEX THROUGH HISTORY

Dec
23

 

THE RISE OF INTANGIBLE MONEY

Since its release and introduction to the world in 2007, digital currency has racked up attracted hordes of attraction and racked up plenty of fans that support this phenomenon. While many still doubt the security and fool proofness of crypto currency, many have come forward and accepted it with open arms. But with the passage of time, bitcoins have now become a widely accepted form of currency and is only set to rise to the top.

 

PRICE INDEX FROM 2014 TO 2016

(http://www.chartist.co/charts/12365)

 

I was able to find this chart on Chartist which perfectly displays the peaks as well as the surprising pitfalls of Bitcoins over the course of the past two years through a graphical illustration. The infographic does well to effectively showcase a congregation of the net prices of bitcoins each month for the two recent years.

 

 

2013: WHEN BITCOINS HIT THE JACKPOT

Bitcoins, when they hit the market sometime in 2011, were available at a rate of just a few cents in exchange for a unit. Looking back at those times, who would have thought what an absolute steal that deal was. With the significance and feasibility of intangible, online money dawning on people belonging to all walks and fields of life, the prices began to increase year by year and then month by month with the increase in demand, until it hit its ultimate high in 2013. A single bitcoin was priced as high as $1200 by the end of the aforementioned year!

 

THE PLUMMET OF 2014-15

But with the arrival of the next year in line, the prices seemed to have hit a slope in the downwards direction. The 2014 year opened with bitcoins going out for what was just above $600, exactly 50% of what it used to e at its peak time just a few months ago. With the passage of time, the prices only seemed to have one direction to go and that was down. By the end of the year and the beginning of 2015, the price index had reached its bottom peak, grazing at a measly $300 as compared to the potential it had previously shown.

 

2016: THE REINCARNATION

For those who were doubting that maybe bitcoins were just a one-time thing that disappeared once the hype died down, we have some bad news. The price index seems to have picked up from its depression and is now sitting at a solid $700-$800 per unit, which is nothing short of a reincarnation of sorts. There is still plenty of volatility and fluctuations to be seen, but so far the index has seemed to be able to hold its own.

 

Only time will tell whether or not digital currency has finally planted its feet and solidified its stance or if it is just a false dawn. We can only hope for the former!

U.S. Unemployment Rate vs GDP growth

Nov
16


Throughout the world, unemployment is a major concern that governments are trying to deal with and to date; little or no success has been realized in most countries. Instead, the rate of unemployment has continued growing month after the other, which obviously affects GDP directly. Hence, as the rate of unemployment soars, GDP maintains a downward trend.

GDP is a measure of how well a specific economy is doing and obviously, high unemployment rate is an indication that the economy in question is not doing well. In the recent past, a survey on the rate of unemployment in the U.S. has revealed certain aspects worth consideration and discussed herein are details of the most current survey.

By September, the unemployment rate in the U.S. increased to 7.9 million. This is an all time high in the past five months and research indicates that since 1948, this rate has ever been on the upward trend. This research was further spread to cover various categories of the prospective working class.

Among the groups featured in respect to the unemployment rate of each in the U.S. included Asians at 3.9%, adult men at 4.7% teens at 15.8%, adult women at 4.4%, Blacks at 8.3%, and whites at 4.4%. An increase in employment-population ratio and labor force participation was also noted.

In respect to this, the number of those who took to part time jobs experienced little change and they had opted for this, either because a full-time job was not available or due to hours that had been cut back. The survey also assumed that anyone that had not sought employment for the past four weeks was not to be part of the unemployed group.

As a result, this gave rise to the marginally attached labor force, which represented 1.8 million individuals. This group is composed of those willing and available to work and 553,000 of these, made the discouraged workers group. These are those who believe that no opportunities for employment exist out there for them. The remaining ones were those with family responsibilities or in school, which meant that they could not look for jobs and these were a total of 1.3 million individuals.

In reference to the U.S. GDP, more goods were imported in the recent past compared to goods exported from the U.S. to other nations. Government consumption and investment accounted for 18% of the GDP while private investments represented 16%. On the other hand, services consumed represented 45% of the GDP and goods consumed stood at 23%. A comparison of GDP Growth vs Unemployment Rate between various country is shown in this chart.

OTC/UTP Plan

Nov
11

The UTP Plan governs the collection, processing, and distribution of all UTP Level 1 data. The participant exchanges administer the UTP Plan and associations listed under Participants. These organizations determine policy matters and oversee system operations. The UTP Plan has been approved by the Securities and Exchange Commission (SEC).

Amendments to the plan filed with the SEC by Section 11A of the Securities Exchange Act of 1934. The UTP data feeds consist of one network, Tape C, which is the single source of consolidated market data for Nasdaq-listed securities. The UTP Securities Information Processor (SIP) makes available the UTP Level 1 information on data feeds. The UTP Quote Data Feed (UQDF) provides continuous quotations from all market centers trading Nasdaq-listed securities. The UTP Trade Data Feed (UTDF) provides ongoing last sale information from all market centers trading Nasdaq-listed securities.

If you have any questions regarding the UTP Plan, please send an email to admin@utpplan.com

Facts about the Securities Information Processor (SIP):

The Securities Information Processor (SIP) links the U.S. markets by processing and consolidating all protected bid/ask quotes and trades from every trading venue into a single, easily consumed data feed.

The SIP disseminates and calculates critical regulatory information including the National Best Bid and Offer (NBBO), and Limit Up-Limit Down (LULD) price bands among other relevant regulatory information such as short sale restrictions, and regulatory halts.

System resiliency for the SIP consists of:

A secondary back-up server is running in parallel (hot/hot) to the primary server, which allows exchanges to reconnect if there is a significant service disruption immediately.
Fully redundant backup site running hot/warm with a 10 minute recovery time requirement or less if there is a full system failure at the primary site.
System availability requirement of 100%.
100% System Availability in 20 of the last 27 quarters for Trade Metrics and 21 of the last 27 quarters for Quote Metrics.
Current capacity messages per 100 milliseconds of 215,000 for quote feed and 132,800 for trade feed.
Capacity above peak with a capacity-to-peak ratio of 2.8:1 for the quote feed and 4.6:1 for the trade feed.
The current average latency of about 500 microseconds.

As of Q3, 2016, this data is available monthly and historically in the Metrics

Other facts about the Consolidated Tape:

Competitive fees are providing access to consolidated protected quotes and trades for every market. Pricing information is located at UTP Data Policies.

Millions of professional and nonprofessional investors have access to real-time prices via the consolidated tapes. Most nonprofessional investors do not pay fees because the low cost allows for brokerage firms to include real-time prices as part of their service.

The consolidated tapes simplify compliance and implementation with regulations such as Reg NMS, short sale, limit up/limit down and best execution.

The Operating Committee and the Advisory Committee meet quarterly with the SEC and the members of the CTA Advisory Committee to review SIP performance and discuss policy matters.

The Advisory Committee consists of representatives from a Retail Institution, the Vendor community, Institutional Brokerage Community, the ATS’s and an Individual Investor. All Advisory members are also members of securities industry groups (e.g. the Financial Information Forum (FIF) and the Securities Industry and Financial Markets Association (SIFMA).

 

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