We encourage visitors to and users of the CFA Institute Asia-Pacific Research Exchange (ARX) to review the frequently asked questions and answers below. If this information does not address your concerns, Contact Us with your specific inquiry.  

Overview of CFA Institute Asia-Pacific Research Exchange Platform

The CFA Institute Asia-Pacific Research Exchange (ARX) is an initiative to promote and foster the effective and efficient sourcing and distribution of Asia-Pacific-oriented finance and investment management research. Contributions to ARX will hopefully enhance the growth and quality of research tackling current and emerging issues impacting the investment community in the Asia-Pacific region. 

ARX is dedicated to building a collaborative community drawing on various stakeholders acting both as contributors and users. The hub aims to provide various mechanisms to encourage the broader discussion and dissemination of contributions and to be an interactive means of continuing education and awareness.

ARX supports an “open access” format: Contributions to the site are free, and there is no charge to users for the downloading and reviewing of material. 
ARX aims to be a flexible and adaptive web-based platform (with mobile device capabilities) that allows contributors and users to swiftly disseminate, source, and interchange Asia-Pacific-oriented applied practitioner research tackling finance and investment management themes. Such an exchange seeks to enhance the knowledge, diffusion, and understanding of finance and investment management matters impacting the Asia-Pacific region whilst aiding in boosting the depth, range, and quality of research in the region by Asia-Pacific researchers.
The CFA Institute Asia-Pacific Research Exchange (ARX) strives to provide contributors and users a user experience of the highest quality, trustworthiness, and dependability with a concentration on adapting and adjusting to best meet the needs and expectations of those accessing the platform. In submitting the thought leadership contents, contributors are trusting ARX to ensure that the integrity of the intellectual property is preserved and respected. The ARX fully recognizes this and will always seek to ensure that the contributors’ rights to their submitted items are respected. And to users of ARX, the ability to seek and access material in a timely manner is vital. In accordance with this virtue, ARX is fully committed to modifying and improving the search and delivery mechanisms to meet the changing needs of users.
CFA Institute initiated the development and design of the ARX. Whilst CFA Institute continues to be a stakeholder in the ARX, the ongoing development and direction is driven by CFA societies across the APAC region. The inspiration for the development and focus of the ARX is feedback from contributors, users, and other interested stakeholders.

Content and Community

ARX is a place to contribute the following:
  • Original research (i.e., research conducted by the submitting individual either solely or jointly) in the form of a journal article, working paper, conference or professional presentation, or dataset or statistical output. 
  • Summary/review of original research — read, seen, or heard — that will be of interest to practitioners in the industry. 
  • Opinion/commentary that expresses a contributor’s general perception on a broader topic, concept, theme, or issue. Such commentary may also highlight potential strengths, weaknesses, trends, deficiencies, and practical analysis. 

All contributions must be Asia-Pacific oriented (including specific nations, intra-regional, area in general, or a significant component of a broader international analysis) and focus on topics and themes relevant to accounting, finance, investment, and money management.
The ARX seeks to represent prominent and routine finance, investment, and money management matters, including alternative assets, behavioral finance, corporate governance, corporate finance, currency, derivatives, economics, equity investments, ethics, financial analysis, financial policy, fixed income, investment management, market integrity, private wealth management, and regulation.
ARX is user-driven and encourages contributions from investment management, governmental, and regulatory professionals in the financial sector; academics (post graduate, teaching, and research professionals); and CFA charterholders and candidates.
While ARX is an open-access platform open to all interested parties, by creating a free account you will be able to view content in full and download documents attached in the content.

A registered account is required to submit original research, summaries of research, and comments and opinions.
To change information in your personal registration details, you must first log in using your username and password. Then click on the 'My Account' link (top right corner of the Home Page), and then on the “Registration Details” link. You may change your user name, password, email and additional information details on this page. We encourage registered users to change passwords regularly.
To create an account, select “Create an Account,” located at the top of the home page, then enter your name and email address and create and confirm a password. Passwords must be at least eight characters long and include at least one digit and one capital letter. An email will be sent confirming your registration. The primary user ID on the ARX is your email address.
The ARX offers different paths to search for items and contributions. A user may conduct a more direct search by selecting one of the major underling “Categories” associated with a given item. Specifically, the user can hover over the “Categories” button in the top toolbar, which will prompt a drop-down listing of the major tagging categories. The user can then select a specific category; a list of articles within that category (listed youngest to oldest) will be returned.
Another search path is to use the “Advanced Search” option. After clicking on the “Advanced Search” button on the top toolbar, the user will be directed to a page on the site that will allow for more extensive search parameters. For example, rather than search by a single author’s name, the user can search for items by multiple authors to find items written by the authors individually or together. More advanced browsing can be performed using other fields or a combination thereof. Such fields include keywords, period covered by item, and type of item.

It is important to note that the “Search” field on the home page is not intended as a mechanism/path to search for an article. Rather, the home page’s “Search” field is designed to enable the contributor and/or consumer to look for details on the general ARX platform associated with a general inquiry.
We encourage CFA Institute members to track continuing education (CE) credit for ARX content that enhances their knowledge, skills, and abilities as an investment professional. Login to the CE tracking tool to self-document these credits.

How to Submit Content

The CFA Institute Asia-Pacific Research Exchange (ARX) is an open-access hub for like-minded private and public sector professionals and pre-professionals to learn, share and engage. There is no charge to submit or engage with the ARX. 
Each submission is limited to one document or file. If the contribution is split into multiple items (e.g., two MS Word documents or one MS Word document and one PDF document), authors can either 1) consolidate the submission into a single file, or 2) complete multiple individual submissions in order to upload the items separately. If you need further assistance Contact Us. 
Registered users can submit content and comments by selecting ‘Submit’ from the main toolbar. You will then be directed to an intermediary page and guided through several prompts for additional information, depending on the type of submission.
  • For original research mandatory fields include submission title, a short description, abstract (if available), author (s), keywords, regional focus and language of the submission. ARX-specific fields include the type of research (e.g., journal article, conference paper, etc.) and category of research (e.g., alternative assets). These fields are necessary to ensure accurate citation of your submission and appropriate tagging to enhance search and reference to the material. You will also be asked to complete disclaimers and a declaration of authenticity. Further prompts required to complete your submission include upload, save, and submit for review.
  • For summary/review of original research similar fields as described above are required, in addition to relevant citations, URL link and dates.
  • For opinion and commentary submissions, information required is limited to short descriptions, and fields for tagging the submission. 
To prevent losing information as you complete the submission process, users are encouraged to select the ‘Save’ button frequently. Information entered but not saved will not be automatically stored. Users are notified if information is incomplete and when a submission has been saved. Additional prompts will confirm your submission and return you to the ARX site.
A description of original research or summary research submission is mandatory for submission.

An abstract is a longer version of the description and offers more depth and narrative. An abstract is not mandatory, but is generally expected for scholarly papers and research. An abstract also provides in-depth insight to users without having to download the attachment.
The ARX does not conduct a peer-review nor referee contributions. The review conducted by the ARX seeks to determine if the contributed subject matter aligns with content type and subject matters of the platform. The review also ensures that submissions do not contain litigious, slanderous or misleading comments that would be deemed insensitive, abusive or harmful to another party. In addition, submitted content should be relevant to a global discussion within an open and public forum. The ARX is committed to reviewing contributed submissions. When submissions have been uploaded to the ARX site, users will receive an automated email notification.
If you have read, viewed or heard an interesting piece of original research, ARX offers the opportunity for you to provide a brief (maximum 1,000 words) ‘third-party’ summary and/or review. The aim of such a submission is to highlight relevant points that will be of interest to the ARX community.
Contributors are encouraged to submit research and summaries regardless of publication or creation date. This will ensure greater depth in knowledge and understanding captured by the ARX depository.
Contributors can submit content that has been revised or edited. After signing in, navigate to your ‘My Account’ page and select ‘My Posts’ in the toolbar. Select ‘View" adjacent to the relevant contribution and proceed to the required adjustment. Select the ‘Submit Changes for Review’ button to complete the revision/submission process.

It is important to note that if a new version of an item is uploaded, the old version will not be retained in the ARX depository. If the contributor(s) wish to have both versions retained on the ARX depository, the contributors will need to create two separate submissions leading to two separate postings (each posting subject to two separate reviews).
The ARX does not allow of multiple versions of a single submission to be published. A contributor may submit updated versions and then resubmit through the revised submission process. If a contributor wishes to upload multiple versions of the same item, separate individual submissions will be required. Currently 'multiple' submissions with a common base are not linked. 
Contributing authors may request to remove a submission through ‘Contact Us’. A confirmation email will be sent to the contributor notifying them the item requested to be deleted has been from the ARX platform.
The ARX encourages the submission of non-English research content. However, the title and description of the submission must be in English. Over time the ARX aims is to be available in various languages, including Mandarin, however initially the site will be in English.
The ARX has been developed to allow the submissions in a variety of file formats in order to encourage broader contributions and engagement. The ARX now allows documents in PDF (i.e., .pdf), MS Word (i.e., .doc), MS Excel (i.e., .xls, .cvs), MS PowerPoint (i.e., .ppt) and statistical packages (e.g., .spv, .sas). Currently, the ARX does not allow images in .jpeg, .gif and .png format.
The ARX should be considered a primary depository of working and completed research items. Copyright remains with the author(s) with sharing and dissemination permission granted through the ARX platform. Posting and sharing on ARX will not be interpreted as a prior publication that would prevent the author(s) from submitting the work to an established journal publication. 
‘Categories’ provide the fundamental building block for tagging contributions to the ARX platform. Whilst other tagging methods (e.g., keywords) are also utilized, ‘Categories’ provides the bottom-line level. When submitting an item, contributors must select at least one category that best covers the research or comment. The list of ‘Categories’ represent prominent and routine finance, investment and money management classifications.

Site Metrics, Social Media, Search Optimization and Mobile

A service the ARX aims to provide is feedback to contributors on the items they have provided. Such feedback will involve statistics on such elements as number of downloads, number of viewings, location of where viewings occur and frequency of viewings relative to downloads. Such statistics are aimed at providing the contributor with information on the interest in the submitted item, where interest may lie, and success of the contribution such that it can aid in directing the contributor on a suitable publication outlet for the work.
Registered users who have submitted content will be able to view engagement statistics such as the number of downloads, the frequency a submission has been viewed, and comments on a post. Such statistics will provide contributors information on the ARX community’s level of interest and ultimately the success of the contribution. Such information may aid (an) author (s) opportunities to publish such research in other outlets.  
To provide feedback to the submitting contributors and enhance users’ experience on the site, download activity will be used for rankings (e.g., top contributor, top theme) and registered user content metrics. [Detailed information about user activity will not be provided or disclosed as this is a violation of the Privacy Policy.]
The ARX platform will provide different social media paths to help in promote awareness not only of the site itself but articles. For instance, via the Contact Us you will be able to use social media links to promote the ARX platform. The ARX platform also will seek to increasingly have it own social media presence (e.g., Twitter, Facebook) to which one can link. For individual items, various social media icons will be located on each item summary page that you may utilize to highlight items you like and items you have contributed.
The ARX is supported on smartphones, tablets and other mobile devices.
Search engine optimization techniques will be employed to aid in drawing attention to the platform and material stored on it.

The following describes to approaches that are used:

Keyword Optimization: This encompasses the writing of key phrase dense copy, key phrase optimization, META data, online PR and reputation building to enable the website to reach a high rank on the Search Engines.
The website is built in such a manner so that it attracts quality traffic from search engines via "natural" or un-paid ("organic" or "algorithmic") search results. This will involve content and HTML optimization and associated coding to both increase its relevance to specific keywords and to remove barriers to the indexing activities of search engines.
The development of the site will bear in mind the fact that SEO may target different kinds of search, including image search, local search, video search (if any) and industry-specific vertical search engines. This gives a website web presence.
The advantage is maintained through constant monitoring and tweaking of keywords as search engine algorithms shift and the business adapts to marketplace changes.

Dynamic URL Rewriting: This refers to providing shorter and more relevant-looking links to web pages which in turn helps search engines have a better idea of what the pages generally contain. The technique adds a degree of separation between the files used to generate a web page and the URL that is presented to the world.
The following are some of the benefits of URL rewriting:
  • Making web site URLs more descriptive to improve user-friendliness and search engine optimization
  • Preventing undesired "inline linking"
  • Not exposing the inner workings of a web site's address to visitors
  • The URLs of pages on the web site can be kept even if the underlying technology used to serve them is changed
Example of a non-dynamically written URL:

Example of a non-dynamically written URL:


We respect the intellectual property rights of others and encourage you to do the same. Accordingly, we have a policy of removing User Submissions that violate intellectual property rights of others, suspending access to this Website (or any portion thereof) to any user who uses this Website in violation of someone’s intellectual property rights, and/or terminating in appropriate circumstances the account of any user who uses the this Website in violation of someone’s intellectual property rights.
Pursuant to Title 17 of the United States Code, Section 512, we have implemented procedures for receiving written notification of claimed copyright infringement and for processing such claims in accordance with such law. If you believe your copyright or other intellectual property right is being infringed by a user of this Website, please provide written notice to our Agent for notice of claims of infringement:
Attn: DMCA Agent
CFA Institute
915 East High Street
Charlottesville, VA
22902 USA
Fax: 434-951-4899
To be sure the matter is handled immediately, your written notice must:
  • Contain your physical or electronic signature;
  • Identify the copyrighted work or other intellectual property alleged to have been infringed;
  • Identify the allegedly infringing material in a sufficiently precise manner to allow us to locate that material;
  • Contain adequate information by which we can contact you (including postal address, telephone number, and e-mail address);
  • Contain a statement that you have a good faith belief that use of the copyrighted material or other intellectual property is not authorized by the owner, the owner's agent or the law;
  • Contain a statement that the information in the written notice is accurate; and
  • Contain statement, under penalty of perjury, that you are authorized to act on behalf of the copyright or other intellectual property right owner.

Unless the notice pertains to copyright or other intellectual property infringement, the Agent will be unable to address the listed concern.   For additional information, please see the ARX Terms and Conditions
The ARX strongly encourages and frequently reminds contributors of the Terms and Conditions that provide a formal explanation of the underlying copyright policies of the platform.

The content on the ARX has been generated by users and uploaded at the direction of other users of the ARX.  The ARX does not own the content posted on this site at the direction of users.  As a condition of use of the ARX website, the ARX requires that each user grant the ARX and all other users of the website an irrevocable, perpetual, transferable, non-exclusive, fully-paid, worldwide, royalty-free license (sublicensable through multiple tiers) to:
  • Use, distribute, reproduce, modify, adapt, publish, translate, publicly perform, and publicly display your User Submissions (or any modification thereto), in whole or in part, in any format or medium now known or later developed; and
  • Use (and permit others to use) your User Submission in any manner and for any purpose (including, without limitation, commercial purposes) that we deem appropriate in our sole discretion (including, without limitation, to incorporate your User Submission or any modification thereto, in whole or in part, into any technology, product, or service).
Contributors to the ARX retain their rights in the content they post and are free to remove their content from the website at any time.  However, removal from the site will not terminate the license granted above.   

By submitting material to the ARX users agree that the material is the user’s original work, or that the user has all rights necessary to use the material submitted and to grant the license described above.  For example, a user could grant the nonexclusive license to the ARX and other users of the ARX, provided that they have not previous granted exclusive electronic rights to a publisher, or other third party. If the contributor does not retain the digital copyright, many publishers will often permit the posting of the title and abstract or pre-publication versions of the noted work.  However, if you have previously granted rights in your work to a third-party, please confirm with that third-party that the license required by the ARX is permissible.
Certain areas and features of the ARX require registration. To register you must provide your first and last name and your email address. We may also collect additional optional information when you complete your user profile. For example, you may choose to provide us with information about your education or additional contact information. We also collect information when you contact us. If you contact us, you must provide us with your name and email address, as well as information about the reason you are contacting us.
We may automatically collect the following information about your use of our Site or Services through cookies, web beacons, and other technologies: your domain name; your browser type and operating system; web pages you view; links you click; your IP address; the length of time you visit our Site and or use our Services; and the referring URL, or the webpage that led you to our Site, and your device ID. We may combine this information with other information that we have collected about you, including, where applicable, your name, and other personal information.
We have taken steps to protect the information we collect from loss, misuse, and unauthorized access, disclosure, alteration, and destruction. Please be aware that despite our best efforts, no data security measures can guarantee 100% security. You should take steps to protect against unauthorized access to your password, phone, and computer by, among other things, signing off after using a shared computer, choosing a robust password that nobody else knows or can easily guess, and keeping your log-in and password private. We are not responsible for any lost, stolen, or compromised passwords or for any activity on your account via unauthorized password activity.
For a detailed explanation of the information we collect and how it is used, please see the Privacy Policy.
The Terms and Conditions outline the basic rules for the use of the ARX. In accessing, contributing to or utilizing the services of the ARX and in consideration for the services provided, users agree to abide by the Terms and Conditions.

Periodically, the Terms and Conditions may be changed at the sole discretion of the ARX. Changes to the Terms and Conditions will be placed in the Announcements section of the site, and users will be notified of the change by a pop-up notification and will be asked to again confirm their understanding and agreement to the revised Terms and Conditions for continued use of the ARX.
In the even that you believe certain content or user submissions on the ARX to be objectionable, apart from copyright or other intellectual property violations, you are encouraged to report such content by contacting us via the 'Contact Us' form.

When providing a report on objectionable content or user submission that are not related to copyright or other intellectual property violations please: (a) select the appropriate subject from the drop down menu in the contact form; and (b) provide as much information as possible (e.g., name of item, name of authors, location of offensive material within the item) regarding the location of the questionable material so the issue can be investigated fully. 


If you experience trouble uploading or downloading an item, and have tried different mechanisms to resolve the issue, please use the Contact Us form or address noted therein to obtain additional assistance.
If you experience trouble uploading or downloading an item, and have tried different mechanisms to resolve the issue, please use the Contact Us form or address noted therein to obtain additional assistance.

General Services

‘Categories’ provided the fundamental building block for tagging the respective contributions to the ARX. Whilst other tagging methods (e.g., keywords) are also utilized, ‘Categories’ provides the bottom-line level. When submitting an item for the Asia-Pacific research exchange, the contributor will need to list at one category to which the item best covers. The list of ‘Categories’ represent prominent and routine finance, investment and money management classifications.
The ARX supports a wide range of web browsers including Chrome, Firefox, Internet Explorer and Safari. For optimal performance, it is recommended the user upgrades to the latest version of their preferred web browser.

Contact Us and Feedback

We welcome constructive feedback that will help us to improve the platform and user experience as it evolves over time. Please use either the Contact Us form or send an email to info@arx.cfa.  
For general enquires, support and feedback, the ARX can be contacted via ‘Contact Us’, or by writing to:
CFA Institute
Attention: Shirley Ng
23/F, Man Yee Building
68 Des Voeux Road
Central, Hong Kong

Submitting and Posting an Item

‘Categories’ provided the fundamental building block for tagging the respective contributions to the ARX. Whilst other tagging methods (e.g., keywords) are also utilized, ‘Categories’ provides the bottom-line level. When submitting an item for the Asia-Pacific research exchange, the contributor will need to list at one category to which the item best covers. The list of ‘Categories’ represent prominent and routine finance, investment and money management classifications.