Function that specifies how different spatial frequencies are handled by the system; describes how the optics project light from the object or scene onto a photographic film, detector array, retina, screen, etc.
Equities are much too fragmented and OTFs would have introduced another layer of fragmentation, Hardt said.
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The United States has finalised rules for its own version of OTFs to rival existing exchanges.
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The aim of OTFs is to provide a platform for diverse instruments currently traded off an exchange.
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The OTF plans are part a draft EU securities law to reform the current markets in financial instruments directive or MiFID.
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London, however, is likely to emerge a winner as home to OTFs, just as it is did to alternative share trading platforms.
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The modulationtransferfunction analysis is applied to the different interpolation methods, and test images as well as numerical error analyses are also presented.