Bloomberg Markets - 10.2019

Hot Wheels
Urbanization means electric bikes and
scooters are replacing cars

20

Israel Innovator
How Hedva Ber is spurring competition
in the country’s banking sector

24

Pricing With Python
A bit of code to automate some
derivative chores

44

Staying Alert

Spotting anomalies that move markets

48

Fintech Phenom

Paytm’s Vijay Shekhar Sharma tells

his remarkable story

82

Backstage With Ana Botín

Banco Santander’s chairman reveals

a few off-duty habits and preferences

83

Cheat Sheet

The 17 functions to know about now

84

FFM Quiz

Test your market smarts

28

Sleeping Giant

Why does Africa’s most populous country

lag behind in mobile banking?

30

Active ETFs

Mutual funds try to compete on costs

32

Idea Man

Richard Sandor takes on Libor

35

Fed Tracker

A new way to monitor rate expectations

36

Machine vs. Man

Are AI-driven funds any good?

38

Detective Work

Peek inside analysts’ earnings models

40

The Optimist’s Tale

Ben Rosen’s adventures in venture capital

STATEMENT OF OWNERSHIP,
MANAGEMENT, AND CIRCULATION

1. Publication title: Bloomberg Markets


2. Publication number: 1531-


3. Filing date: Sept. 25, 2019


4. Issue frequency: March, May, July, Sept., Nov., Dec.


5. No. of issues published annually: 6


6. Annual subscription price: Not applicable


7. Complete mailing address of known office of publication:
   Bloomberg L.P., 731 Lexington Ave., New York, NY 10022


8. Complete mailing address of headquarters or general business office of
   publisher: Bloomberg L.P., 731 Lexington Ave., New York, NY 10022


9. Full names and complete mailing addresses of publisher, editor, and
   managing editor:
   Publisher: Bloomberg L.P., 731 Lexington Ave., New York, NY 10022;
   Editor: Christine Harper, Bloomberg L.P., 731 Lexington Ave., New York, NY
   10022; Managing Editor: Kristin Powers, Bloomberg L.P., 731 Lexington
   Ave., New York, NY 10022


10. Owner: Bloomberg L.P., 731 Lexington Ave., New York, NY 10022


11. Known bondholders, mortgagees, and other security holders owning or
    holding 1 percent or more of total amount of bonds, mortgages, or other
    securities: None


12. Not applicable


13. Publication name: Bloomberg Markets


14. Issue date for circulation data below: September 2019


15. Extent and nature of circulation:

a. Total number of copies (net press run)

343,944^1 345,954^2

b. Legitimate paid and/or requested circulation:

(1) Paid/requested outside-county mail subscriptions stated on form

3541 135,535^1 137,455^2

(2) Not applicable

(3) Sales through dealers and carriers, street vendors, counter sales,

and other non-USPS paid distribution

196,018^1 199,477^2

(4) Requested Copies Distributed by Other Mail Classes Through the

USPS (e.g., First-Class Mail®)

51 42

c. Total paid and/or requested circulation [sum of 15b(1), (2), (3), and

(4)] 331,557^1 336,936^2

d. Nonrequested distribution by mail (samples, complimentary, and

other free)

(1) Outside-county as stated on form 3541

1511 862

(2) Not applicable

(3) Not applicable

(4) Nonrequested distribution outside the mail (carriers or other

means) 0^1 

e. Total nonrequested distribution

[sum of 15d(1), (2), (3), and (4)] 151^1                              

f. Total distribution

(sum of 15c and 15e) 331,708^1 337,022^2

g. Copies not distributed 12,236^1 8,932^2

h. Total (sum of 15f and 15g) 343,944^1 345,954^2

i. Percent paid and/or requested circulation

(15c divided by 15f times 100) 99.95%^1 99.98%^2

16. Electronic copy circulation:
    a. Requested and paid electronic copies
    50,271^1 52,917^2
    b. Total requested and paid print copies and
    requested/paid electronic copies
    (sum of 15c and 16a) 381,828^1 389,853^2
    c. Total requested copy distribution and
    requested/paid electronic copies
    (sum of 15f and 16a) 381,978^1 389,939^2
    d. Percent paid and/or requested circulation
    (both print and electronic copies)
    (16b divided by 16c times 100) 99.96%^1 99.98%^2


17. Publication of Statement of Ownership for a Requester Publication is
    required and will be printed in the November 2019 issue of this
    publication

(^1) Average no. copies each issue during preceding 12 months.
(^2) No. copies of single issue published nearest to filing date.
I certify that all information furnished on this form is true and complete.
—Christine Harper, Editor 9/24/