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Wiki Wiki Summary
Competition Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, individuals, economic and social groups, etc.
Swimsuit competition A swimsuit competition, more commonly now called a bikini contest, is a beauty contest which is judged and ranked while contestants wear a swimsuit, typically a bikini. One of the judging criteria is the physical attractiveness of the contestants.
Sport of athletics Athletics is a group of sporting events that involves competitive running, jumping, throwing, and walking. The most common types of athletics competitions are track and field, road running, cross country running, and racewalking.
Round-robin tournament A round-robin tournament (or all-play-all tournament) is a competition in which each contestant meets every other participant, usually in turn. A round-robin contrasts with an elimination tournament, in which participants are eliminated after a certain number of losses.
Significant figures Significant figures (also known as the significant digits, precision or resolution) of a number in positional notation are digits in the number that are reliable and necessary to indicate the quantity of something.\nIf a number expressing the result of a measurement (e.g., length, pressure, volume, or mass) has more digits than the number of digits allowed by the measurement resolution, then only as many digits as allowed by the measurement resolution are reliable, and so only these can be significant figures.
Significant form Significant form refers to an aesthetic theory developed by English art critic Clive Bell which specified a set of criteria for what qualified as a work of art.
Significant other The term significant other (SO) has different uses in psychology and in colloquial language. Colloquially "significant other" is used as a gender-neutral term for a person's partner in an intimate relationship without disclosing or presuming anything about marital status, relationship status, gender identity, or sexual orientation.
Free content Free content, libre content, or free information is any kind of functional work, work of art, or other creative content that meets the definition of a free cultural work.\n\n\n== Definition ==\nA free cultural work is, according to the definition of Free Cultural Works, one that has no significant legal restriction on people's freedom to:\n\nuse the content and benefit from using it,\nstudy the content and apply what is learned,\nmake and distribute copies of the content,\nchange and improve the content and distribute these derivative works.Free content encompasses all works in the public domain and also those copyrighted works whose licenses honor and uphold the freedoms mentioned above.
Table of contents A table of contents, usually headed simply Contents and abbreviated informally as TOC, is a list, usually found on a page before the start of a written work, of its chapter or section titles or brief descriptions with their commencing page numbers.\n\n\n== History ==\nPliny the Elder credits Quintus Valerius Soranus (d.
Canada Revenue Agency The Canada Revenue Agency (CRA; French: Agence du revenu du Canada; ARC) is the revenue service of the federal government, and most provincial and territorial governments. The CRA collects taxes, administers tax law and policy, and delivers benefit programs and tax credits.
Revenue stream A revenue stream is a source of revenue of a company or organization.\nIn business, a revenue stream is generally made up of either recurring revenue, transaction-based revenue, project revenue, or service revenue.
Operation Mincemeat Operation Mincemeat was a successful British deception operation of the Second World War to disguise the 1943 Allied invasion of Sicily. Two members of British intelligence obtained the body of Glyndwr Michael, a tramp who died from eating rat poison, dressed him as an officer of the Royal Marines and placed personal items on him identifying him as the fictitious Captain (Acting Major) William Martin.
Operations management Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements.
Emergency operations center An emergency operations center (EOC) is a central command and control facility responsible for carrying out the principles of emergency preparedness and emergency management, or disaster management functions at a strategic level during an emergency, and ensuring the continuity of operation of a company, political subdivision or other organization.\nAn EOC is responsible for strategic direction and operational decisions and does not normally directly control field assets, instead leaving tactical decisions to lower commands.
Cloud computing Cloud computing is the on-demand availability of computer system resources, especially data storage (cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over multiple locations, each location being a data center.
Earwax Earwax, also known by the medical term cerumen, is a brown, orange, red, yellowish or gray waxy substance secreted in the ear canal of humans and other mammals. It protects the skin of the human ear canal, assists in cleaning and lubrication, and provides protection against bacteria, fungi, and water.Earwax consists of dead skin cells, hair, and the secretions of cerumen by the ceruminous and sebaceous glands of the outer ear canal.
Coleridge and opium Samuel Taylor Coleridge (21 October 1772 – 25 July 1834) was an English poet, critic, and philosopher who consumed opium to address his health issues. His use of opium in his home country of England, as well as Sicily and Malta, is extensively documented.
Victim impact statement A victim impact statement is a written or oral statement made as part of the judicial legal process, which allows crime victims the opportunity to speak during the sentencing of the convicted person or at subsequent parole hearings. \n\n\n== Overview ==\nOne purpose of the statement is to allow the person or persons most directly affected by the crime to address the court during the decision making process.
Dental extraction A dental extraction (also referred to as tooth extraction, exodontia, exodontics, or informally, tooth pulling) is the removal of teeth from the dental alveolus (socket) in the alveolar bone. Extractions are performed for a wide variety of reasons, but most commonly to remove teeth which have become unrestorable through tooth decay, periodontal disease, or dental trauma, especially when they are associated with toothache.
Threat (computer) In computer security, a threat is a potential negative action or event facilitated by a vulnerability that results in an unwanted impact to a computer system or application.\nA threat can be either a negative "intentional" event (i.e.
Physical activity Physical activity is defined as any voluntary bodily movement produced by skeletal muscles that requires energy expenditure. Physical activity encompasses all activities, at any intensity, performed during any time of day or night.
Cancellation property In mathematics, the notion of cancellative is a generalization of the notion of invertible.\nAn element a in a magma (M, ∗) has the left cancellation property (or is left-cancellative) if for all b and c in M, a ∗ b = a ∗ c always implies that b = c.
Closings and cancellations following the September 11 attacks Many closings and cancellations followed the September 11 attacks, including major landmarks, buildings, restrictions on access to Lower Manhattan, as well as postponement or cancellation of major sporting and other events. Landmarks were closed primarily because of fears that they may be attacked.
Reservation against Cancellation A Reservation Against Cancellation (RAC) is a type of ticket that can be sold for travel on the Indian Railways. Although it ensures certainty of travel, it does not guarantee a berth.
Catastrophic cancellation In numerical analysis, catastrophic cancellation is the phenomenon that subtracting good approximations to two nearby numbers may yield a very bad approximation to the difference of the original numbers.\nFor example, if there are two studs, one \n \n \n \n \n L\n \n 1\n \n \n =\n 254.5\n \n \n cm\n \n \n \n {\displaystyle L_{1}=254.5\,{\text{cm}}}\n long and the other \n \n \n \n \n L\n \n 2\n \n \n =\n 253.5\n \n \n cm\n \n \n \n {\displaystyle L_{2}=253.5\,{\text{cm}}}\n long, and they are measured with a ruler that is good only to the centimeter, then the approximations will be \n \n \n \n \n \n \n \n L\n ~\n \n \n \n \n 1\n \n \n =\n 255\n \n \n cm\n \n \n \n {\displaystyle {\tilde {L}}_{1}=255\,{\text{cm}}}\n and \n \n \n \n \n \n \n \n L\n ~\n \n \n \n \n 2\n \n \n =\n 253\n \n \n cm\n \n \n \n {\displaystyle {\tilde {L}}_{2}=253\,{\text{cm}}}\n .
2018 in American television The following is a list of events affecting American television in 2018. Events listed include television show finales and cancellations and information about controversies and carriage disputes.
Cancellation (insurance) An insurance policy may be canceled before the end of the policy period. This has the effect of ending the policy coverage on the date of the policy cancellation.
BBC World Service The BBC World Service is an international broadcaster owned and operated by the BBC, with funding from the British Government through the Foreign Secretary's office. It is the world's largest external broadcaster in terms of reception area, language selection and audience reach.
2017 in American television The following is a list of events affecting American television in 2017. Events listed include television show debuts, finales, and cancellations; channel launches, closures, and re-brandings; stations changing or adding their network affiliations; and information about controversies and carriage disputes.
Technology Technology is the result of accumulated knowledge and application of skills, methods, and processes used in industrial production and scientific research. Technology is embedded in the operation of all machines, with or without detailed knowledge of their function, for the intended purpose of an organization.
Knowledge acquisition Knowledge acquisition is the process used to define the rules and ontologies required for a knowledge-based system. The phrase was first used in conjunction with expert systems to describe the initial tasks associated with developing an expert system, namely finding and interviewing domain experts and capturing their knowledge via rules, objects, and frame-based ontologies.
Investment management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contracts or, more commonly, via collective investment schemes like mutual funds, exchange-traded funds, or REITs.
Financial regulation Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system. This may be handled by either a government or non-government organization.
New York Codes, Rules and Regulations The New York Codes, Rules and Regulations (NYCRR) contains New York state rules and regulations. The NYCRR is officially compiled by the New York State Department of State's Division of Administrative Rules.
Financial adviser A financial adviser or financial advisor is a professional who provides financial services to clients based on their financial situation. In many countries, financial advisors must complete specific training and be registered with a regulatory body in order to provide advice.
Adviser An adviser or advisor is normally a person with more and deeper knowledge in a specific area and usually also includes persons with cross-functional and multidisciplinary expertise. An adviser's role is that of a mentor or guide and differs categorically from that of a task-specific consultant.
Risk Factors
INTERACTIVE DATA CORP/MA/ Item 1A Risk Factors We face intense competition
We operate in highly competitive markets in which we compete with other distributors of financial market data, analytics and related services
We expect competition to continue to be rigorous
Some of our competitors and potential competitors have significantly greater financial, technical and marketing resources than we have
These competitors may be able to expand offerings and data content more effectively, use their financial resources to sustain aggressive pricing and to respond more rapidly than us to new or emerging technologies, changes in the industry or changes in customer needs
They may also be in a position to devote greater resources to the development, promotion and sale of their services
Increased competition in the 11 _________________________________________________________________ [65]Table of Contents future could adversely affect our market share or margins and could have a material adverse effect on our business, financial condition or operating results
A prolonged outage at one of our data centers could result in reduced service revenue and the loss of customers
Our customers rely on us for the delivery of time-sensitive, up-to-date data
Our business is dependent on our ability to rapidly and efficiently process substantial volumes of data and transactions on our computer-based networks and systems
Our computer operations and those of our suppliers and customers are vulnerable to interruption by fire, natural disaster, power loss, telecommunications failure, terrorist attacks, acts of war, Internet failures, computer viruses and other events beyond our reasonable control
We maintain back-up facilities for each of our major data centers to seek to minimize the risk that any such event will disrupt operations
In addition, we maintain insurance for such events
However, the business interruption insurance we carry may not be sufficient to compensate us fully for losses or damages that may occur as a result of such events
In addition, a loss of our services may induce our customers to seek alternative data suppliers
Any such losses or damages incurred by us could have a material adverse effect on our business
Although we seek to minimize these risks through security measures, controls and back-up data centers, there can be no assurance that such efforts will be successful or effective
If we are unable to maintain relationships with key suppliers and providers of market data, we would not be able to provide our services to our customers
We depend on key suppliers for the data we provide to our customers
In other cases, although the data may be available from secondary sources, the secondary source may not be as adequate or reliable as the primary or preferred source, or we may not be able to obtain replacement data from an alternative supplier without undue cost and expense, if at all
We generally obtain data via license agreements
The disruption of any license agreement with a major data supplier, such as the New York Stock Exchange, could disrupt our operations and lead to an adverse impact on our results of operations
Our inability to maintain relationships with service bureaus and custodian banks would decrease our service revenue
Part of our strategy is to serve as a major data supplier to service bureaus and custodian banks and thereby to benefit from the trend of major financial institutions in North America outsourcing their back office operations to such entities
While we believe the importance of back office operations will continue to increase, if this trend shifts or any of these relationships are disrupted or are terminated, our results of operations could be materially adversely impacted
A decline in activity levels in the securities markets could lower demand for our services
Our business is dependent upon the health of the financial markets as well as the financial health of the participants in those markets
Some of the financial market data demand is dependent upon activity levels in the securities markets while other demand is static and is not dependent on activity levels
In the event that the US or international financial markets suffer a prolonged downturn that results in a significant decline in investor activity or adversely impacts the financial condition of our customers, our service revenues could be materially adversely affected
We have experienced lower demand, contract cancellations or renegotiations as a result of declines in activity levels in the securities markets in prior years and such cancellations or downgrades may continue
Consolidation of financial services within and across industries could lower demand for our services
As consolidation occurs and synergies are achieved, the number of potential customers for our services decreases
There are two types of consolidations: consolidations within an industry, such as banking, and across industries, such as consolidations of insurance, banking and brokerage companies
When two companies that separately subscribe to or use our services combine, they may terminate or reduce duplicative subscriptions for our services or if they are billed on a usage basis, usage may decline due to synergies created by the business combination
We experienced cancellations in prior years as a result of this trend and these consolidations and cancellations may continue
A large number of cancellations, or lower utilization resulting from consolidations, could have a material adverse effect on our service revenue
Many customers within the financial services industry are striving to reduce their operating costs
To achieve this goal, customers may seek to reduce their spending on financial market data services and related analytics
If customers elect to reduce their spending with us, our results of operations could be materially adversely affected
Alternatively, customers may use other strategies to reduce their overall spending on financial market data 12 _________________________________________________________________ [66]Table of Contents services, either by consolidating their spending with fewer vendors or by selecting vendors with lower-cost offerings
If customers elect to consolidate their spending on financial market data services with other vendors and not us, or if we cannot price our services as aggressively as the competition, our results of operations could be materially adversely affected
New offerings by competitors or new technologies could cause our services to become less competitive or obsolete or we may not be able to develop new and enhanced service offerings
We operate in an industry that is characterized by rapid and significant technological change, frequent new service introductions, data content and coverage enhancements, and evolving industry standards
Without the timely introduction of new services, or the expansion or enhancement of our data content and coverage, our services could become technologically obsolete or inadequate over time, in which case our service revenue and operating results would suffer
We expect our competitors to continue to improve the performance of their current services, to enhance data content and coverage and to introduce new services and technologies
These competitors may adapt more quickly to new technologies, changes in the industry and changes in customers’ requirements than we can
If we fail to adequately anticipate customers’ needs and technological trends accurately, we will be unable to introduce new services into the market and our ability to compete would be materially adversely impacted
Further, if we are unsuccessful at developing and introducing new services that are appealing to customers, with acceptable prices and terms, or if any such new services are not made available in a timely manner, our ability to compete would be materially adversely impacted
In both cases our ability to generate service revenue could suffer and our business and operating results could be materially adversely affected
We will need to successfully enhance or add to current services in order to effectively expand into new geographic areas
In addition, new services, data content and coverage that we may develop and introduce may not achieve market acceptance; lack of market acceptance would result in lower service revenue
We may not be able to negotiate and enter into strategic alliances or acquisitions on favorable terms, if at all, and we may fail to derive the anticipated benefits from these transactions
Our growth depends upon market growth, our ability to enhance our existing services, and our ability to introduce new services on a timely basis
A significant part of our growth strategy has been and continues to be growth through strategic acquisition
We intend to continue to address the need to develop new services, enhance existing services and expand into complementary service areas through acquisitions of other companies, service offerings, technologies, and personnel
The success of any acquisition depends in part on our ability to integrate the acquired business or assets, including customers, employees, operating systems, operating procedures and information technology systems
We may not be able to effectively integrate and manage the operations of any acquired business
In addition, the process of integrating acquired businesses or assets may involve unforeseen difficulties and integration could take longer than anticipated
Integrating any newly acquired businesses may require a disproportionate amount of management’s attention and financial and other resources, and detract from the resources remaining for our pre-existing business
Further, we may not be able to maintain or improve the historical financial performance of acquired businesses
Finally, we may not fully derive all of the anticipated benefits from our acquisitions, for example, supply cost synergies or reduced operating costs due to centralized or shared technical infrastructure
Strategic alliances have also been and continue to be important to expanding our customer base and enhancing the appeal of our offerings
We have established strategic business alliances with companies who redistribute our services to their customers or who provide us with additional content that we can redistribute to our customers
The success of these alliances depends in part on our ability to work collaboratively with these business partners to jointly market our services and content
We may not be able to effectively or efficiently deliver our services to these business partners or redistribute their content under financial terms that are mutually satisfactory, or achieve the desired benefits from these alliances
We are subject to regulatory oversight and we provide services to financial institutions that are subject to significant regulatory oversight, and any investigation of us or our customers relating to our services could be expensive, time consuming and harm our reputation
The securities laws and other regulations that govern our activities and the activities of our customers are complex
Compliance with these regulations may be reviewed by federal agencies, including the SEC, state authorities and other governmental entities both in the US and foreign countries
Any investigation by a regulatory agency of one of our customers or us, whether or not founded, could cause us to incur substantial costs and distract our management from our business
To the extent any of our customers become the subject of a regulatory investigation or a civil lawsuit due to actual or alleged violations of one or more of their regulatory obligations, we could become subject to intense scrutiny
The intense scrutiny could 13 _________________________________________________________________ [67]Table of Contents involve an examination of whether the services we provided to the customer during the time period of the alleged violation were related to or had contributed in any manner to the commission of the violation
We may be required to expend a significant amount of resources explaining and/or defending the services we provided
In addition, the negative publicity associated with any public investigation could adversely affect our ability to attract and/or retain customers
Certain of our subsidiaries are subject to complex regulations and licensing requirements
Our FT Interactive Data subsidiary is a registered investment adviser with the SEC and is subject to significant regulatory obligations under the Investment Advisers Act of 1940
The securities laws and other regulations that govern FT Interactive Data’s activities as a registered investment adviser are complex
If we were to ever lose our investment adviser status, we could no longer operate those portions of our business that require us to qualify as an investment adviser
Recently, the financial services industry, and in particular the mutual fund industry, has received negative publicity, which has led to increased legislation, regulation, review of industry practices and private litigation
As the regulatory obligations applicable to investment advisers increase, our compliance costs likewise increase
Similarly, our Interactive Data (Australia) Pty Ltd subsidiary is licensed by the Australian Securities and Investment Commission, or ASIC, to provide certain financial services in Australia under the Corporations Act 2001
The financial services laws and other regulations that govern its activities are complex
If we were to lose this license, the subsidiary could no longer operate those portions of our business in Australia that require the license to be held
In addition, in order to offer new financial services we could be required to extend the license authorizations, which is at the discretion of ASIC The inability to provide one or more of our services would adversely impact service revenue and could have a material adverse effect on our business and results of operation
We may not be able to attract and retain key personnel
We depend on our ability to attract and retain qualified personnel to operate and expand our business and we may not be able to retain the services of our key personnel
Our ability to replace any key personnel who resigns may be difficult and may take an extended period of time because of the limited number of senior individuals in the financial information industry with the breadth of skills and experiences required to operate and successfully expand a business such as ours or perform some of the key business functions we require
Competition to hire from this limited pool is intense, and we may not be able to hire or retain these personnel
Pearson has the ability to control us
Pearson indirectly holds approximately 62prca of our issued and outstanding common stock
Accordingly, Pearson has the ability to exert significant influence over our management and our affairs, including the ability to elect all of the directors and to approve or disapprove any corporate actions submitted to a vote of our stockholders
The foregoing discussion of risks, uncertainties, and assumptions is by no means complete but is designed to highlight important factors that may impact our results of operation and our business