{"record_type":"pith_number_record","schema_url":"https://pith.science/schemas/pith-number/v1.json","pith_number":"pith:2012:YXOHPQQLBC7IGXFYK2BZYTJTBC","short_pith_number":"pith:YXOHPQQL","schema_version":"1.0","canonical_sha256":"c5dc77c20b08be835cb856839c4d330899cfe0dd4e90e84b9daa7866e34a3268","source":{"kind":"arxiv","id":"1205.4358","version":2},"attestation_state":"computed","paper":{"title":"Point process bridges and weak convergence of insider trading models","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["q-fin.TR"],"primary_cat":"math.PR","authors_text":"Hao Xing, Umut \\c{C}etin","submitted_at":"2012-05-19T19:57:58Z","abstract_excerpt":"We construct explicitly a bridge process whose distribution, in its own filtration, is the same as the difference of two independent Poisson processes with the same intensity and its time 1 value satisfies a specific constraint. This construction allows us to show the existence of Glosten-Milgrom equilibrium and its associated optimal trading strategy for the insider. In the equilibrium the insider employs a mixed strategy to randomly submit two types of orders: one type trades in the same direction as noise trades while the other cancels some of the noise trades by submitting opposite orders "},"verification_status":{"content_addressed":true,"pith_receipt":true,"author_attested":false,"weak_author_claims":0,"strong_author_claims":0,"externally_anchored":false,"storage_verified":false,"citation_signatures":0,"replication_records":0,"graph_snapshot":true,"references_resolved":false,"formal_links_present":false},"canonical_record":{"source":{"id":"1205.4358","kind":"arxiv","version":2},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"math.PR","submitted_at":"2012-05-19T19:57:58Z","cross_cats_sorted":["q-fin.TR"],"title_canon_sha256":"d03eca0cbb4165d3acf761b858dea136c1faeae6d231e5de0350403e9708c0d8","abstract_canon_sha256":"48cbcfb716f484e80b8c0c856b2342f19cf241ad4b0b91da318bdca0fa4ad321"},"schema_version":"1.0"},"receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-18T03:35:25.890602Z","signature_b64":"PmrQMhz8CnV9vyc2eycZaaZtiL34zQ2ozPmRlNGoS/XGLjgH/vopYYBuDcd6WnSI+Zr7gcG2jJXrJZjD+aH1AQ==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"c5dc77c20b08be835cb856839c4d330899cfe0dd4e90e84b9daa7866e34a3268","last_reissued_at":"2026-05-18T03:35:25.889885Z","signature_status":"signed_v1","first_computed_at":"2026-05-18T03:35:25.889885Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"graph_snapshot":{"paper":{"title":"Point process bridges and weak convergence of insider trading models","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["q-fin.TR"],"primary_cat":"math.PR","authors_text":"Hao Xing, Umut \\c{C}etin","submitted_at":"2012-05-19T19:57:58Z","abstract_excerpt":"We construct explicitly a bridge process whose distribution, in its own filtration, is the same as the difference of two independent Poisson processes with the same intensity and its time 1 value satisfies a specific constraint. This construction allows us to show the existence of Glosten-Milgrom equilibrium and its associated optimal trading strategy for the insider. In the equilibrium the insider employs a mixed strategy to randomly submit two types of orders: one type trades in the same direction as noise trades while the other cancels some of the noise trades by submitting opposite orders "},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1205.4358","kind":"arxiv","version":2},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"aliases":[{"alias_kind":"arxiv","alias_value":"1205.4358","created_at":"2026-05-18T03:35:25.890030+00:00"},{"alias_kind":"arxiv_version","alias_value":"1205.4358v2","created_at":"2026-05-18T03:35:25.890030+00:00"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1205.4358","created_at":"2026-05-18T03:35:25.890030+00:00"},{"alias_kind":"pith_short_12","alias_value":"YXOHPQQLBC7I","created_at":"2026-05-18T12:27:30.460161+00:00"},{"alias_kind":"pith_short_16","alias_value":"YXOHPQQLBC7IGXFY","created_at":"2026-05-18T12:27:30.460161+00:00"},{"alias_kind":"pith_short_8","alias_value":"YXOHPQQL","created_at":"2026-05-18T12:27:30.460161+00:00"}],"events":[],"event_summary":{},"paper_claims":[],"inbound_citations":{"count":0,"internal_anchor_count":0,"sample":[]},"formal_canon":{"evidence_count":0,"sample":[],"anchors":[]},"links":{"html":"https://pith.science/pith/YXOHPQQLBC7IGXFYK2BZYTJTBC","json":"https://pith.science/pith/YXOHPQQLBC7IGXFYK2BZYTJTBC.json","graph_json":"https://pith.science/api/pith-number/YXOHPQQLBC7IGXFYK2BZYTJTBC/graph.json","events_json":"https://pith.science/api/pith-number/YXOHPQQLBC7IGXFYK2BZYTJTBC/events.json","paper":"https://pith.science/paper/YXOHPQQL"},"agent_actions":{"view_html":"https://pith.science/pith/YXOHPQQLBC7IGXFYK2BZYTJTBC","download_json":"https://pith.science/pith/YXOHPQQLBC7IGXFYK2BZYTJTBC.json","view_paper":"https://pith.science/paper/YXOHPQQL","resolve_alias":"https://pith.science/api/pith-number/resolve?arxiv=1205.4358&json=true","fetch_graph":"https://pith.science/api/pith-number/YXOHPQQLBC7IGXFYK2BZYTJTBC/graph.json","fetch_events":"https://pith.science/api/pith-number/YXOHPQQLBC7IGXFYK2BZYTJTBC/events.json","actions":{"anchor_timestamp":"https://pith.science/pith/YXOHPQQLBC7IGXFYK2BZYTJTBC/action/timestamp_anchor","attest_storage":"https://pith.science/pith/YXOHPQQLBC7IGXFYK2BZYTJTBC/action/storage_attestation","attest_author":"https://pith.science/pith/YXOHPQQLBC7IGXFYK2BZYTJTBC/action/author_attestation","sign_citation":"https://pith.science/pith/YXOHPQQLBC7IGXFYK2BZYTJTBC/action/citation_signature","submit_replication":"https://pith.science/pith/YXOHPQQLBC7IGXFYK2BZYTJTBC/action/replication_record"}},"created_at":"2026-05-18T03:35:25.890030+00:00","updated_at":"2026-05-18T03:35:25.890030+00:00"}