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Commissions are declining fast and a growing volume of trading in financial securities of all sorts now takes place "off exchange", inside banks or across alternative networks.Strikingly, this picture of an industry in a corner is wildly at odds with the exchanges' declared rationale for merging.
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Benjamin Marks, editor in chief of economics.org.au, declares "the rationale behind secession is simply self-ownership.
Mr. Sharon declared that the rationale for entering Beit Jala had been to stop Palestinians from shooting on Gilo, a neighborhood of Jerusalem.
THE deal's "strategic and valuation rationale", declared Victor Koo to analysts on March 12th, is to "establish a clear and dominant leadership in the online video sector in China".
He declared that the majority's rationale "taxes the credulity of the credulous".
The rationale for Cuomo's candidacy, which he declared in a Kenneth Cole showroom, was never clear.
At the same time, the U.S. failed to find the weapons of mass destruction whose existence was the primary rationale for the war in Iraq, for which Bush declared an end to major combat operations in May 2003.
These results have implications in understanding the clinical effects observed with laquinimod in two Phase III trials, and they provide the rationale of using laquinimod in progressive forms of MS. None declared.
China -- like the U.S. -- invoked a similar rationale to declare an ADIZ in its adjoining international airspace.
But perhaps someone might dare to propose a new rationale, to declare: "The ancient Egyptians, Assyrians, Babylonians, Persians, Greeks, Romans, and the Third Reich are gone.
The rationale for declaring a data point to be an outlier needs to be statistically convincing and should be specified in the analysis plan.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com