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What Causes Herding: Information Cascade or Search Cost ?
... Bouchaud (2000) considered, instead of a sequential decision process, a random communication structure. Random interactions between agents lead to a heterogeneous market structure. AZ argues that information cascades will be short-lived and fragile as one contrarian trade from the herd can quickly s ...
... Bouchaud (2000) considered, instead of a sequential decision process, a random communication structure. Random interactions between agents lead to a heterogeneous market structure. AZ argues that information cascades will be short-lived and fragile as one contrarian trade from the herd can quickly s ...
ANALYSIS OF FACTORS AFFECTING THE DEVELOPMENT OF AN
... to be made in the wealth composition with speed and at low cost whenever circumstances change. Moreover, competition among the users of capital market funds, including ...
... to be made in the wealth composition with speed and at low cost whenever circumstances change. Moreover, competition among the users of capital market funds, including ...
Does Fundamental and Technical Analysis Reduce Investment Risk
... negative returns compared with other constructed portfolios, and thus enhance the long-term reward. Our study contributes by providing investment strategy combining fundamental analysis and technical analysis in Taiwan stock market for growth stocks. When investors obtain quotations and identify pot ...
... negative returns compared with other constructed portfolios, and thus enhance the long-term reward. Our study contributes by providing investment strategy combining fundamental analysis and technical analysis in Taiwan stock market for growth stocks. When investors obtain quotations and identify pot ...
Directive Delisting Collective Investment Schemes
... Units will be delisted no later than two exchange days following the suspension of trading. The issuer, or a recognised representative as defined in Art. 43 LR, must submit evidence of the decision to dissolve the collective investment scheme, as well as the corresponding FINMA ruling, to SIX Exchan ...
... Units will be delisted no later than two exchange days following the suspension of trading. The issuer, or a recognised representative as defined in Art. 43 LR, must submit evidence of the decision to dissolve the collective investment scheme, as well as the corresponding FINMA ruling, to SIX Exchan ...
Consolidated Profit and Loss Account
... arising from consumer shopping patterns and channel dynamics. The ‘new connected consumer’ increasingly demands on-trend food & beverage experience at retail and foodservice level accelerating the requirement for innovation and speed to market. In addition health, wellness, nutrition and convenience ...
... arising from consumer shopping patterns and channel dynamics. The ‘new connected consumer’ increasingly demands on-trend food & beverage experience at retail and foodservice level accelerating the requirement for innovation and speed to market. In addition health, wellness, nutrition and convenience ...
securities
... of 20% the brokerage fee or 50% of the margin interest paid during the Privileged Period, whichever is higher, up to a maximum of HK$3,800. - The brokerage fee and margin interest for IPO subscriptions and stagging loan services will be excluded when calculating the refund. - Eligible customers must ...
... of 20% the brokerage fee or 50% of the margin interest paid during the Privileged Period, whichever is higher, up to a maximum of HK$3,800. - The brokerage fee and margin interest for IPO subscriptions and stagging loan services will be excluded when calculating the refund. - Eligible customers must ...
Weekend Effect of Stock Returns in the Indian Market
... series (April 2003- April 2008). The analysis carried on henceforth will assume a T+2 settlement cycle unless mentioned otherwise. In an ordinary week that does not contain any holidays, stocks purchased on a particular day will have to be paid by the end of next two trading days. So stocks purchase ...
... series (April 2003- April 2008). The analysis carried on henceforth will assume a T+2 settlement cycle unless mentioned otherwise. In an ordinary week that does not contain any holidays, stocks purchased on a particular day will have to be paid by the end of next two trading days. So stocks purchase ...
Portfolio1 - people.bath.ac.uk
... • Other issue: fund managers are careerist. When the payoffperformance relationship is convex, there are incentives to take high risks. This might hurts investors’ return. • It has been found that net flows into funds are highly sensitive to performance. This can generate incentive to be excessivel ...
... • Other issue: fund managers are careerist. When the payoffperformance relationship is convex, there are incentives to take high risks. This might hurts investors’ return. • It has been found that net flows into funds are highly sensitive to performance. This can generate incentive to be excessivel ...
IOSR Journal of Business and Management (IOSR-JBM)
... purpose of self-regulation and protecting the interests of its members. Stock exchanges are the most perfect type of market for securities whether of government, semi-government bodies or other public bodies as well as for shares and debentures issued by the joint-stock companies (Musonera 2008). Ab ...
... purpose of self-regulation and protecting the interests of its members. Stock exchanges are the most perfect type of market for securities whether of government, semi-government bodies or other public bodies as well as for shares and debentures issued by the joint-stock companies (Musonera 2008). Ab ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... in exchange rates, interest rates and stock prices of different financial markets have increased the financial risk to the corporate world. Adverse changes in the macroeconomic factors have even threatened the very survival of business world. It is therefore essential to develop a set of new financi ...
... in exchange rates, interest rates and stock prices of different financial markets have increased the financial risk to the corporate world. Adverse changes in the macroeconomic factors have even threatened the very survival of business world. It is therefore essential to develop a set of new financi ...
The place for listing Alternative Investment Funds
... Listed funds and their issuers will leverage from greater visibility and transparency. Investors will benefit from access to centralised data base where they will be able to find relevant information on the fund (i.e. prospectus, financial statements and other information related to the issuer). In ...
... Listed funds and their issuers will leverage from greater visibility and transparency. Investors will benefit from access to centralised data base where they will be able to find relevant information on the fund (i.e. prospectus, financial statements and other information related to the issuer). In ...
Word - corporate
... variations of such words or by similar expressions. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about KCG’s industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are in ...
... variations of such words or by similar expressions. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about KCG’s industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are in ...
a century of stock market liquidity and trading
... Since the proportional commission depends only on the share price, it is possible to estimate the weighted average commission rate during the fixed commission regime by looking only at the cross-sectional distribution of share prices and the total volume of trade. Other than ignoring odd lot transac ...
... Since the proportional commission depends only on the share price, it is possible to estimate the weighted average commission rate during the fixed commission regime by looking only at the cross-sectional distribution of share prices and the total volume of trade. Other than ignoring odd lot transac ...
The Information Content of Options Trading
... positive returns in the TWSE are associated with foreign inflows, whilst Barber et al. (2006) went on to use TWSE transaction data to demonstrate that individual investors were the main losers, and foreign institutional investors were the main winners. Since foreign investors play such an important ...
... positive returns in the TWSE are associated with foreign inflows, whilst Barber et al. (2006) went on to use TWSE transaction data to demonstrate that individual investors were the main losers, and foreign institutional investors were the main winners. Since foreign investors play such an important ...
Optimal Placement in a Limit Order Book
... Clearly the answer to this problem depends on the expected costs at each level of LOB where an order is placed and in particular, the probability of execution at each level by the end of the period for each order. There is also a price impact issue in the optimal placement problem. The major modelin ...
... Clearly the answer to this problem depends on the expected costs at each level of LOB where an order is placed and in particular, the probability of execution at each level by the end of the period for each order. There is also a price impact issue in the optimal placement problem. The major modelin ...
An Empirical Analysis of the Limit Order Book and the Order
... solely upon order placement, 2) time and price priority is strictly enforced, 3) the data generated fully capture the order flow and execution process since the market is computerized and centralized, and 4) the market is very transparent, so that agents can use detailed information about the order ...
... solely upon order placement, 2) time and price priority is strictly enforced, 3) the data generated fully capture the order flow and execution process since the market is computerized and centralized, and 4) the market is very transparent, so that agents can use detailed information about the order ...
Securities and Secrets: Insider Trading and the Law of Contracts
... assess the efficiency costs of each of the possible patterns of insider-trading regulation without first examining the premise that silence is golden and that, in negotiating contracts, the corporation should be allowed to withhold some of what it knows. Part I of this essay temporarily suspends con ...
... assess the efficiency costs of each of the possible patterns of insider-trading regulation without first examining the premise that silence is golden and that, in negotiating contracts, the corporation should be allowed to withhold some of what it knows. Part I of this essay temporarily suspends con ...
Euro area government securities markets: recent developments and
... As regards the organisation of markets, one notable development has been the creation of electronic pan-European exchanges for debt securities. So far, the most successful trading platform has been EuroMTS, a screen-based exchange owned by a number of the largest banks active in the European market. ...
... As regards the organisation of markets, one notable development has been the creation of electronic pan-European exchanges for debt securities. So far, the most successful trading platform has been EuroMTS, a screen-based exchange owned by a number of the largest banks active in the European market. ...
ECFS845
... We would rebalance the portfolio using futures, so that funds with DFA would be there as a long term investment. Fee discount for large investment would be required. After combining our investment managers we would closely monitor and manage the exposures to both (or more) portfolios. Being a sophis ...
... We would rebalance the portfolio using futures, so that funds with DFA would be there as a long term investment. Fee discount for large investment would be required. After combining our investment managers we would closely monitor and manage the exposures to both (or more) portfolios. Being a sophis ...
FIRM ELEMENT TRAINING - Securities Training Corporation
... and preventing market manipulation. The focus of the first report card is detecting layering and spoofing. The regulator will use its market surveillance programs to determine whether these techniques are at play within a firm’s business—taking place entirely throughout the firm’s transaction system ...
... and preventing market manipulation. The focus of the first report card is detecting layering and spoofing. The regulator will use its market surveillance programs to determine whether these techniques are at play within a firm’s business—taking place entirely throughout the firm’s transaction system ...
Would a Stock By Any Other Ticker Smell as Sweet? Alex Head
... Federal Bureau of Investigation. In recent years, several companies have abandoned the traditional name-abbreviation convention and chosen ticker symbols that are related to what the company does. Some are memorable for their cheeky cleverness; for example, MOO (United Stockyards) and GEEK ...
... Federal Bureau of Investigation. In recent years, several companies have abandoned the traditional name-abbreviation convention and chosen ticker symbols that are related to what the company does. Some are memorable for their cheeky cleverness; for example, MOO (United Stockyards) and GEEK ...
Research on SOGO SHOSHA: Origins, Establishment, and
... presence in this category. There are 18 companies from Asia including four South Korean companies, and only three companies come from Europe. There are not many giant trading companies in the western world. 8.In mid-1970s, one after another developing countries at the time such as South Korea develo ...
... presence in this category. There are 18 companies from Asia including four South Korean companies, and only three companies come from Europe. There are not many giant trading companies in the western world. 8.In mid-1970s, one after another developing countries at the time such as South Korea develo ...
Information Asymmetry Surrounding Earnings and
... in this study. Our results find a reduction in information asymmetry following earnings and dividend announcements when information asymmetry is proxied by order imbalance, bid-ask spread, and cumulative abnormal returns. However, there is no significant increase in trading volume following these an ...
... in this study. Our results find a reduction in information asymmetry following earnings and dividend announcements when information asymmetry is proxied by order imbalance, bid-ask spread, and cumulative abnormal returns. However, there is no significant increase in trading volume following these an ...
Identifying Speculative Bubbles: A Two-Pillar Surveillance
... closely monitor the number of property seminars held by finance companies targeting retail investors. ...
... closely monitor the number of property seminars held by finance companies targeting retail investors. ...
Orders and Positions
... It is divided into four panels: • Account: This panel on the left of the window displays a hierarchical view of your accounts by date, symbol, or trade system. • Filter: This panel on the top of the window provides a way for you to filter orders and positions data. • Orders: This set of tabbed windo ...
... It is divided into four panels: • Account: This panel on the left of the window displays a hierarchical view of your accounts by date, symbol, or trade system. • Filter: This panel on the top of the window provides a way for you to filter orders and positions data. • Orders: This set of tabbed windo ...
Trading room
![](https://commons.wikimedia.org/wiki/Special:FilePath/RVS_Handelsraum.jpg?width=300)
A trading room gathers traders operating on financial markets. The trading room is also often called the front office. The terms ""dealing room"" and ""trading floor"" are also used, the latter being inspired from that of an open outcry stock exchange. As open outcry is gradually replaced by electronic trading, the trading room gets the only living place that is emblematic of the financial market. It is also the likeliest place within the financial institution where the most recent technologies are implemented before being disseminated in its other businesses.