The effects of short-selling public disclosure regimes on equity markets
... constructed of securities which were included in the short-selling ban and that were also constituents of the Dow Jones Financials Index. The UK control group was constructed of securities that were constituents of the FTSE 1005, but were not included in the short-selling ban or subject to the requi ...
... constructed of securities which were included in the short-selling ban and that were also constituents of the Dow Jones Financials Index. The UK control group was constructed of securities that were constituents of the FTSE 1005, but were not included in the short-selling ban or subject to the requi ...
The High-Volume Return Premium - North American Business Press
... resulted from a single market mechanism; these two cannot be isolated from each other with any other hypothesis and model. Incomplete results otherwise generate from these isolation attempts. Many previous studies found statistical significant positive correlation between equity price and volume, i. ...
... resulted from a single market mechanism; these two cannot be isolated from each other with any other hypothesis and model. Incomplete results otherwise generate from these isolation attempts. Many previous studies found statistical significant positive correlation between equity price and volume, i. ...
notice to warrantholders
... Any reference to persons shall include corporations, unless otherwise specified. Any reference in this Notice to any enactment is a reference to that enactment as for the time being amended or re-enacted. Any reference to a time of day in this Notice shall be a reference to Malaysia ...
... Any reference to persons shall include corporations, unless otherwise specified. Any reference in this Notice to any enactment is a reference to that enactment as for the time being amended or re-enacted. Any reference to a time of day in this Notice shall be a reference to Malaysia ...
Volatility trading in options market: How does it a ect where
... requirements on the behavior of informed traders. They show that, in the absence of margin requirements, informed traders split their trades between the stock and the option, although they exhibit a bias towards the stock because of its greater information sensitivity. But when informed traders do f ...
... requirements on the behavior of informed traders. They show that, in the absence of margin requirements, informed traders split their trades between the stock and the option, although they exhibit a bias towards the stock because of its greater information sensitivity. But when informed traders do f ...
Agricultural Futures for the Beginner
... are legally binding agreements, made through a futures exchange, to buy or sell commodities in the future.” “They are standardized in every way with the exception of price.” “They can protect individuals against dangerous price swings.” ...
... are legally binding agreements, made through a futures exchange, to buy or sell commodities in the future.” “They are standardized in every way with the exception of price.” “They can protect individuals against dangerous price swings.” ...
The Price Impact of Institutional Herding!
... asset mispricing based on career concerns is an increasing function of both the contractual incentives of institutional traders and the degree of institutional presence in the market. Money managers who care more about reputation (relative to pro…ts) will be willing to buy at even higher prices and ...
... asset mispricing based on career concerns is an increasing function of both the contractual incentives of institutional traders and the degree of institutional presence in the market. Money managers who care more about reputation (relative to pro…ts) will be willing to buy at even higher prices and ...
an efficient market
... move quickly enough at the time an event occurs (announcement is made) to profit from the change, so this speaks to market efficiency in the semistrong form, On the other hand… • This evidence does not provide support for the strong form of the EMH because some investors are profiting from private i ...
... move quickly enough at the time an event occurs (announcement is made) to profit from the change, so this speaks to market efficiency in the semistrong form, On the other hand… • This evidence does not provide support for the strong form of the EMH because some investors are profiting from private i ...
Volume and Liquidity After Cross
... whether arising from trading costs, from informational barriers or from regulatory obstacles –– that shelter less active trading venues from the gravitational pull of the larger one. Whether such frictions exist, so that an active foreign market can be sustained after a cross-listing, is an empirica ...
... whether arising from trading costs, from informational barriers or from regulatory obstacles –– that shelter less active trading venues from the gravitational pull of the larger one. Whether such frictions exist, so that an active foreign market can be sustained after a cross-listing, is an empirica ...
Financial Market Failures and Systemic Risk
... policies : the FED was tightening whereas European central banks were loosening, after the turmoil on European currency markets had abated. Foreign bond rates did apparently respond to the Fed's action more intensely than US rates! It is farfetched to invoke news on fundamentals to explain such a ge ...
... policies : the FED was tightening whereas European central banks were loosening, after the turmoil on European currency markets had abated. Foreign bond rates did apparently respond to the Fed's action more intensely than US rates! It is farfetched to invoke news on fundamentals to explain such a ge ...
THE PRIVATISATION OF THE COMMODITIES EXCHANGE AND
... in existence since 1998. The NCX was introduced as a means of diversifying the economy and expanding the scope of export commodities, with particular emphasis on the agro-economy. However, due to poor funding, among other reasons, this purpose has not been achieved. Following the trend of privatizat ...
... in existence since 1998. The NCX was introduced as a means of diversifying the economy and expanding the scope of export commodities, with particular emphasis on the agro-economy. However, due to poor funding, among other reasons, this purpose has not been achieved. Following the trend of privatizat ...
Mechanics of Futures Markets
... The accounting and tax treatment of futures trading in the U.S. is introduced on the next ...
... The accounting and tax treatment of futures trading in the U.S. is introduced on the next ...
Corresponding author - European Financial Management Association
... analysis; and the methodology used. Most of the empirical studies focus their attention on institutional agents, due to their relative importance within the market (Nofsinger and Sias, [1999]). However, institutional investors are supposed to be better informed and more able to interpret the informa ...
... analysis; and the methodology used. Most of the empirical studies focus their attention on institutional agents, due to their relative importance within the market (Nofsinger and Sias, [1999]). However, institutional investors are supposed to be better informed and more able to interpret the informa ...
Order Submission Strategies and Information
... depth. Category 2 comprises buy (sell) market orders and buy (sell) limit orders for a price ...
... depth. Category 2 comprises buy (sell) market orders and buy (sell) limit orders for a price ...
Market Quality and Contagion in Fragmented Markets
... (MiFID) in Europe. The same stocks are traded not only on several exchanges but also on alternative trading systems such as Multilateral Trading Facilities (MTFs), Electronic Communication Networks (ECNs) and various Dark Pools.1 The regulations, which were designed to enhance competition between tr ...
... (MiFID) in Europe. The same stocks are traded not only on several exchanges but also on alternative trading systems such as Multilateral Trading Facilities (MTFs), Electronic Communication Networks (ECNs) and various Dark Pools.1 The regulations, which were designed to enhance competition between tr ...
Options/Futures Contracts on Ciba Shares: Takeover
... tendered accordingly. On Tuesday, November 11, 2008, margin requirements of existing positions will be determined on the basis of the offer price of CHF 50.00. On the expiration day of the November contracts, Eurex will automatically exercise all in-the-money positions with November expiration. Base ...
... tendered accordingly. On Tuesday, November 11, 2008, margin requirements of existing positions will be determined on the basis of the offer price of CHF 50.00. On the expiration day of the November contracts, Eurex will automatically exercise all in-the-money positions with November expiration. Base ...
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 ...
... 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 ...
Herding Behavior and Trading Volume: Evidence from the
... herding as irrational behavior. Indeed under uncertainly and fear to commit wrong decision, individuals emerge into a collective trading (buying or selling) willful blindness ignoring their information and market signals. Herding is a key feature of behavioral finance in explaining market bubbles an ...
... herding as irrational behavior. Indeed under uncertainly and fear to commit wrong decision, individuals emerge into a collective trading (buying or selling) willful blindness ignoring their information and market signals. Herding is a key feature of behavioral finance in explaining market bubbles an ...
Dodging Robin Hood: Responses to France and Italy`s
... 2012, (announced on February 29th) which consisted of a 0.2% levy on the purchase of shares of companies headquartered in France with a market cap of at least e1bn, irrespective of trading location. One hundred and nine firms fell into this category during 2012 and they were clearly identified at th ...
... 2012, (announced on February 29th) which consisted of a 0.2% levy on the purchase of shares of companies headquartered in France with a market cap of at least e1bn, irrespective of trading location. One hundred and nine firms fell into this category during 2012 and they were clearly identified at th ...
the az guide to e-mini futures trading
... default on futures and options products by the exchange’s sophisticated risk management and surveillance techniques. The exchange itself provides the integrity for each and every transaction. Diversity – E-Mini’s cover a broad spectrum of the stock index world. From the S&P 500 to the Dow and NASDAQ ...
... default on futures and options products by the exchange’s sophisticated risk management and surveillance techniques. The exchange itself provides the integrity for each and every transaction. Diversity – E-Mini’s cover a broad spectrum of the stock index world. From the S&P 500 to the Dow and NASDAQ ...
H R Khan: Promoting retail investor participation in government bonds
... have provided odd lot segment in NDS-OM for trading in small lot size, there are not many quotes available, thereby discouraging small investors. Thus, the present market for G-sec is not well suited to retail/individual investors who trade in small amounts and are generally buy-and-hold investors. ...
... have provided odd lot segment in NDS-OM for trading in small lot size, there are not many quotes available, thereby discouraging small investors. Thus, the present market for G-sec is not well suited to retail/individual investors who trade in small amounts and are generally buy-and-hold investors. ...
Long Term Effect of Liquidity on Stock Market Development
... investment. In addition to this, investors tend to demand higher risk premium during high stock price volatility which increases cost of capital thus choking investment thereby leading to low economic growth. And finally excessive volatility may be the consequence of instability in some macroeconomi ...
... investment. In addition to this, investors tend to demand higher risk premium during high stock price volatility which increases cost of capital thus choking investment thereby leading to low economic growth. And finally excessive volatility may be the consequence of instability in some macroeconomi ...
3. Lecture III: Multi-Asset Options In this lecture we will generalize
... implies absence of arbitrage, provided we give a sufficiently careful definition of arbitrage opportunities, to avoid so-called doubling strategies (which used to be called ‘martingales’ by the gamblers of previous centuries). For example, if we define an arbitrage to be a self-financing portfolio strat ...
... implies absence of arbitrage, provided we give a sufficiently careful definition of arbitrage opportunities, to avoid so-called doubling strategies (which used to be called ‘martingales’ by the gamblers of previous centuries). For example, if we define an arbitrage to be a self-financing portfolio strat ...
Application to become a Certified Adviser on First North Baltic
... Contact persons of the Certified Adviser The persons listed below are representatives of the Certified Adviser providing services of a Certified Adviser to the Issuers which have indicated this entity as the Certified Adviser. At least one of these persons shall at all times be available during regu ...
... Contact persons of the Certified Adviser The persons listed below are representatives of the Certified Adviser providing services of a Certified Adviser to the Issuers which have indicated this entity as the Certified Adviser. At least one of these persons shall at all times be available during regu ...