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Option Trading: Information or Differences of
Option Trading: Information or Differences of

... questionable if this type of demand would explain the large volume of trading. Besides, Lakonsihok, Lee, Pearson and Poteshman (2006) found that the most popular option-trading strategy is covered call writing, followed by purchasing calls and writing puts, none of which appears to be a logical hedg ...
1 | Page Author Jacob Braude is quoted as saying, “Always behave
1 | Page Author Jacob Braude is quoted as saying, “Always behave

... to lose less than have growth stocks during the current decline, but that could be expected regardless of whether or not a more sustainable change in leadership is under way. On the other hand, it is very unusual for growth stocks to outperform value stocks over an extended period, and the current p ...
Trading Off The News
Trading Off The News

... Taking Advantage of the News  Intuitively, investment professionals realize you can use news to create profitable trading models  Proprietary traders, Stat Arb desks and hedge funds now use news to create Alpha-based trading strategies  News based algorithms that can profit from market anomalies ...
ASX SPI 200 ASX MINI SPI 200
ASX SPI 200 ASX MINI SPI 200

... The Special Opening Quotation of the underlying S&P/ASX 200 Index on the Last Trading Day. The Special Opening Quotation is calculated using the first traded price of each component stock in the S&P/ASX 200 Index on the Last Trading Day, irrespective of when those stocks first trade in the ASX tradi ...
Does Gender and Age Affect Investor Performance and the
Does Gender and Age Affect Investor Performance and the

... The paper provides detailed analysis of the account size, risk level and trading intensity of different age groups, concentrating on gender differences in an emerging market setup. There is currently no empirical work for a young emerging market in western cultural environment that can have clear im ...
Global capital markets, local market opportunities
Global capital markets, local market opportunities

... large number of financial institutions that make up Euroclear’s core client base, the majority of which are also long-term investors. The development of this i-link will allow us to increase domestic liquidity, lower price volatility and reduce the financial cost of our sovereign bonds, ultimately b ...
Strategic Challenges Facing HKEx
Strategic Challenges Facing HKEx

... Replace the two existing derivatives clearing systems Handle all HKEx derivatives products via an integrated system More efficient and flexible To be launched by Q1 2004 A possible next step for clearing infrastructure development Merge the three separate clearing houses into a joint clearing house ...
How an ETF works - VanEck ETFs Website
How an ETF works - VanEck ETFs Website

... Existing shares may no longer be eligible for inclusion in the index so they may drop out, or new shares may be included as they have met eligibility criteria. For more information on indices go to ‘How an index is constructed’ on our website. ...
Phillip Securities Account Opening Application. (Only
Phillip Securities Account Opening Application. (Only

... that the CONDITIONS GOVERNING PHILLIP SECURITIES ACCOUNTS (the “Conditions”) are a set of master or general terms that apply (unless the context otherwise provides) to all transactions that I enter into with and/or through PSPL; as well as for all services provided by PSPL to me. The specific additi ...
securities trading on multiple marketplaces
securities trading on multiple marketplaces

... The Canadian capital markets have recently evolved with the emergence of several Alternate Trading Systems (ATS) and other marketplaces which improve liquidity and provide more competitive pricing than the TSX, the predominant marketplace for Canadian securities. As our client, you should be aware h ...
Opening and Closing the Market
Opening and Closing the Market

... and the presence of informed traders? Under which conditions does such a mechanism promote the most efficient price discovery process? Our investigation is made possible by the unique natural experiment afforded by the institutional structure of the London Stock Exchange (LSE) where the main order-driv ...
Corporate Bond Trading on a Limit Order Book Exchange by
Corporate Bond Trading on a Limit Order Book Exchange by

... This paper investigates the case of the Tel Aviv Stock Exchange (hereafter TASE), where c-bonds (and government bonds) have been traded for many years by the same open limit order book system as stocks and with no competing exchanges, dark pools, etc. The Israeli c-bond market is quite small (~$76 b ...
Stock prices volatility and trading volume
Stock prices volatility and trading volume

... modified iterative cumulative sum of squares algorithm to identify breaks in volatility of returns. These break dates allow them to partition each country-specific sample into periods of distinctive statistical features of index returns, i.e., to identify different market regimes. These were then us ...
The Latest Amendments to Japan`s Securities and Exchange Law
The Latest Amendments to Japan`s Securities and Exchange Law

... Globex system) has been granted permission to set up a trading terminal in a dealing room belonging to a Japanese securities firm. There have been similar cases overseas. In the European Union, as a result of the development of the single market, stock exchanges are allowed to set up trading termina ...
Trading Strategies to Exploit Blog and News Sentiment
Trading Strategies to Exploit Blog and News Sentiment

... The efficient market hypothesis asserts that financial markets are “informationally efficient”, which means current stock prices already reflect all known information and all occurred facts. Therefore, investors cannot make excess profits from the market if their trading strategies are based on known in ...
Explaining the Migration of Stocks from Exchanges in Emerging
Explaining the Migration of Stocks from Exchanges in Emerging

... The determinants of stock market capitalization have been analyzed for specific groups of countries in some papers. Catalan, Impavido, and Musalem (2000) examine the determinants of stock market development for OECD and some emerging markets, studying 27 countries in total. They find that, apart fr ...
Efficient Market Hypothesis : A Historical
Efficient Market Hypothesis : A Historical

... discussed early in the century by Karl Pearson (1905). If the drunk can be expected to stagger in a totally unpredictable and random fashion, he is likely to end up closer to where he had been left than to any other point. In finance, this analogy has been applied to series whose successive returns ...
Source Bloomberg Commodity UCITS ETF Factsheet
Source Bloomberg Commodity UCITS ETF Factsheet

... Counterparty risk: Through the Fund, investors are exposed to counterparty risk resulting from the use of derivatives to provide exposure to the index. In line with UCITS guidelines and Source policies, the exposure to any derivative counterparty is tightly controlled but the default of a derivative ...
A common factor analysis for the US and the German stock markets
A common factor analysis for the US and the German stock markets

... Over the last three decades, the financial world has undergone a profound change. While national financial markets were largely isolated until the beginning of the 1970s, the stock market crash in October 1987 and recently the events of September 11, 2001 have shown how inter-connected securities ma ...
Securities Lending in the Emerging Markets
Securities Lending in the Emerging Markets

... A majority of securities lending transactions take place in developed markets; however, as investor portfolios become more heavily weighted toward emerging markets, they are increasingly looking at lending these securities to earn additional income for their funds. However, investors seeking to enga ...
securities trading policy
securities trading policy

... What types of transactions are covered by this policy? This policy applies to the dealing in any Securities on issue of the Company and its subsidiaries from time to time. This includes applying for, acquiring or disposing of Securities and extends to forward contracts, granting and exercising optio ...
June 21, 2016 by Steve Freed, VP of Research Corn, soybeans and
June 21, 2016 by Steve Freed, VP of Research Corn, soybeans and

... provided by ADMIS and in no way should be construed to be information provided by Archer Daniels Midland Company. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to ...
Lecture Presentation to accompany Investment
Lecture Presentation to accompany Investment

... What is does it mean to say that capital markets are efficient? Why should capital markets be efficient? What factors contribute to an efficient market? Given the overall efficient market hypothesis, what are the three sub-hypotheses and what are the implications of each of them? • How do you test t ...
contracts 9,899,780,283 traded
contracts 9,899,780,283 traded

... hat has grown is the amount of business exchanges are doing, particularly the top five exchanges. As we have been writing for years in this space, electronic trading is having a major impact on volume (more on that later). Liquidity providers, no longer physically constrained by a trading pit, can ( ...
Understanding ETF Liquidity and Trading
Understanding ETF Liquidity and Trading

...  arket order—Buy or sell immediately at the prevailing price available at the time. With market orders, execution may be faster, but the investor has limited control over the execution price. While a large number of transactions are executed using limit or market orders, investors often find their ...
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Trading room



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.
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