Gains from Stock Exchange Integration: The
... Users face two types of trading costs: (a) explicit costs, such as, for example, exchange fees, commissions, and the costs of clearing and settlement; and (b) implicit costs, which include the bid-ask spread and the price impact of orders, to the extent that large orders cause an adverse change in s ...
... Users face two types of trading costs: (a) explicit costs, such as, for example, exchange fees, commissions, and the costs of clearing and settlement; and (b) implicit costs, which include the bid-ask spread and the price impact of orders, to the extent that large orders cause an adverse change in s ...
Do retail traders suffer from high frequency traders?
... Our analysis is based on two proprietary trader-level datasets, one provided to us by the Toronto Stock Exchange (TSX), the other by Alpha Trading; our trade-based analysis is based only on the TSX data.8 Data on shares outstanding (based on February 2012), splits, and index status is obtained from ...
... Our analysis is based on two proprietary trader-level datasets, one provided to us by the Toronto Stock Exchange (TSX), the other by Alpha Trading; our trade-based analysis is based only on the TSX data.8 Data on shares outstanding (based on February 2012), splits, and index status is obtained from ...
Automated Trading Desk and Price Prediction in High
... economic life more generally. From the viewpoint of STS, there is no adequate theoretical treatment of political economy to take ‘off the shelf’. For example, Fligstein’s ‘markets as politics’ approach (for which see, e.g., Fligstein, 1996 and 2001) helpfully focuses on struggles between incumbent f ...
... economic life more generally. From the viewpoint of STS, there is no adequate theoretical treatment of political economy to take ‘off the shelf’. For example, Fligstein’s ‘markets as politics’ approach (for which see, e.g., Fligstein, 1996 and 2001) helpfully focuses on struggles between incumbent f ...
Make and Take Fees in the US Equity Market
... Colliard and Foucault (2012) show that an increase in the total fee can be associated with increased trading activity due to heterogeneous patience across investors. With a fee increase, patient investors submit more aggressive quotes, increasing the likelihood of a transaction. We assess empiricall ...
... Colliard and Foucault (2012) show that an increase in the total fee can be associated with increased trading activity due to heterogeneous patience across investors. With a fee increase, patient investors submit more aggressive quotes, increasing the likelihood of a transaction. We assess empiricall ...
Stop-loss orders and price cascades in currency markets
... Likewise, “Currency Network Daily Briefs” reported that "stops were triggered," or some equivalent, on at least 16 of the approximately 190 trading days from December 2000 through August 2001, or at least once every two weeks. 3 Market lore suggests that participants sometimes intentionally trigger ...
... Likewise, “Currency Network Daily Briefs” reported that "stops were triggered," or some equivalent, on at least 16 of the approximately 190 trading days from December 2000 through August 2001, or at least once every two weeks. 3 Market lore suggests that participants sometimes intentionally trigger ...
stop-loss orders and price cascades in currency markets
... Likewise, “Currency Network Daily Briefs” reported that "stops were triggered," or some equivalent, on at least 16 of the approximately 190 trading days from December 2000 through August 2001, or at least once every two weeks. 3 Market lore suggests that participants sometimes intentionally trigger ...
... Likewise, “Currency Network Daily Briefs” reported that "stops were triggered," or some equivalent, on at least 16 of the approximately 190 trading days from December 2000 through August 2001, or at least once every two weeks. 3 Market lore suggests that participants sometimes intentionally trigger ...
Volume and Liquidity After Cross
... to determine the location of trading activity. For example, if most privileged information trickles down from the company’s headquarters, one could expect informed trading to concentrate in the market closest to the headquarters. Grinblatt and Keloharju (1999) show that Finnish investors’ portfolios ...
... to determine the location of trading activity. For example, if most privileged information trickles down from the company’s headquarters, one could expect informed trading to concentrate in the market closest to the headquarters. Grinblatt and Keloharju (1999) show that Finnish investors’ portfolios ...
Heat Waves, Meteor Showers, and Trading Volume: An Analysis of
... by a volatile day in Tokyo. Using a GARCH model to test for the spillover of volatility across intraday trading segments, they find evidence in favor of the meteor shower hypothesis such that yen/dollar volatility spills over from one trading center to another as the global trading progresses. The ...
... by a volatile day in Tokyo. Using a GARCH model to test for the spillover of volatility across intraday trading segments, they find evidence in favor of the meteor shower hypothesis such that yen/dollar volatility spills over from one trading center to another as the global trading progresses. The ...
Derivatives on RDX USD Index
... use. ISDA® is a registered trademark of the International Sw aps and Derivatives Association, Inc. IPD UK Annual All Property Index is a registered trademark of Investment Property Databank Ltd. IPD and has been licensed for the use by Eurex for derivatives. SLI®, SMI® and SMIM® are registered trade ...
... use. ISDA® is a registered trademark of the International Sw aps and Derivatives Association, Inc. IPD UK Annual All Property Index is a registered trademark of Investment Property Databank Ltd. IPD and has been licensed for the use by Eurex for derivatives. SLI®, SMI® and SMIM® are registered trade ...
to Official Notice - The Stock Exchange of Mauritius
... Federation of Exchanges) (Member of the World Federation of Exchanges) ...
... Federation of Exchanges) (Member of the World Federation of Exchanges) ...
SME Exchanges in Emerging Market Economies
... advanced economies and particularly in EMCs where the SMEs are significantly smaller in size (see Table 2). The United Kingdom’s Alternative Investment Market (AIM), the London Stock Exchange’s international market for smaller growing companies, is most commonly cited as a successful SME exchange, h ...
... advanced economies and particularly in EMCs where the SMEs are significantly smaller in size (see Table 2). The United Kingdom’s Alternative Investment Market (AIM), the London Stock Exchange’s international market for smaller growing companies, is most commonly cited as a successful SME exchange, h ...
Corporate Bond Trading on a Limit Order Book Exchange by
... divide each bond's transactions according to their NIS value and then group the transactions of each quintile and calculate their average THS. The difference in THS between the top and bottom quintiles is small (about 0.02%). A simple explanation for this difference is that the smaller the quantity ...
... divide each bond's transactions according to their NIS value and then group the transactions of each quintile and calculate their average THS. The difference in THS between the top and bottom quintiles is small (about 0.02%). A simple explanation for this difference is that the smaller the quantity ...
The Round-the-Clock Market for US Treasury Securities
... After holidays and missing data are excluded, ninety days from this twenty-week period are left for analysis.b An average of 2,702 trades a day were posted by GovPX in the sample period, along with 9,888 bid-ask spreads. For tractability purposes, the day is divided into half-hour periods. Trading l ...
... After holidays and missing data are excluded, ninety days from this twenty-week period are left for analysis.b An average of 2,702 trades a day were posted by GovPX in the sample period, along with 9,888 bid-ask spreads. For tractability purposes, the day is divided into half-hour periods. Trading l ...
The Financial Futures Association of Japan Publication date : 31
... futures transactions with the persons provided in (1) or (2) of Article 1-8-6.1 of the Financial Instruments and Exchange Act Enforcement Order. ・Trading volume of over-the-counter contracts is based on the sum of transactions made by FFAJ members with customers. Cover transactions and other self-de ...
... futures transactions with the persons provided in (1) or (2) of Article 1-8-6.1 of the Financial Instruments and Exchange Act Enforcement Order. ・Trading volume of over-the-counter contracts is based on the sum of transactions made by FFAJ members with customers. Cover transactions and other self-de ...
1 NASDAQ US Dividend Achievers™ 50 Index Methodology
... The Indexes are calculated and disseminated once per second from 9:30:01 to 17:16:00 Eastern Time (ET) in USD. The closing value of the Indexes may change up until 17:15:00 ET due to corrections to the Last Sale Price of the Index Securities. Eligibility Index eligibility is limited to specific secu ...
... The Indexes are calculated and disseminated once per second from 9:30:01 to 17:16:00 Eastern Time (ET) in USD. The closing value of the Indexes may change up until 17:15:00 ET due to corrections to the Last Sale Price of the Index Securities. Eligibility Index eligibility is limited to specific secu ...
Bade_Parkin_Macro_Lecture_CH20
... If people expect the Canadian dollar to depreciate by 2 percent in a year, then the expected fall in the value of the Canadian dollar must be subtracted to calculate the net return on the Canadian dollar deposit. The net return on the Canadian dollar deposit is 3 percent (5 percent minus 2 percent) ...
... If people expect the Canadian dollar to depreciate by 2 percent in a year, then the expected fall in the value of the Canadian dollar must be subtracted to calculate the net return on the Canadian dollar deposit. The net return on the Canadian dollar deposit is 3 percent (5 percent minus 2 percent) ...
Chapter 2 Securities Markets and Transactions
... • The primary markets also provide a forum for the sale of additional stock called seasoned equity issues, by already public companies • Before offering the securities to the public for sale, the issuer must register them with and obtain approval from the securities and exchange commission (SEC). Th ...
... • The primary markets also provide a forum for the sale of additional stock called seasoned equity issues, by already public companies • Before offering the securities to the public for sale, the issuer must register them with and obtain approval from the securities and exchange commission (SEC). Th ...
ASX Operating Rules Section 01
... A Market Participant may apply for, and ASX may give to a Market Participant, a Trading Permission in respect of one or more Products if ASX considers it appropriate and is satisfied that the applicant will have in place and maintain adequate clearing arrangements in accordance with Rule [1003] and ...
... A Market Participant may apply for, and ASX may give to a Market Participant, a Trading Permission in respect of one or more Products if ASX considers it appropriate and is satisfied that the applicant will have in place and maintain adequate clearing arrangements in accordance with Rule [1003] and ...
New listing package to enhance competitiveness of HK financial
... In addition to the proposed new governance structure, Mr Lee said initiatives would be taken by the HKEx in the next few months to streamline the listing process and improve the quality of vetting. Under the streamlined process, senior executives of the Listing Division will vet all applications up- ...
... In addition to the proposed new governance structure, Mr Lee said initiatives would be taken by the HKEx in the next few months to streamline the listing process and improve the quality of vetting. Under the streamlined process, senior executives of the Listing Division will vet all applications up- ...
E-Margin is a leveraged trading facility. Positions
... off or converted to delivery till T+30 days in BSE exchange and T+5 in NSE exchange (T=Trade date) on or before the specified time i.e. 02:45 pm. Unlike for a 'Cash' order, you do not have to pay the full order value for E-margin orders. For example: If you would like to buy 100 shares of INFOSYS @ ...
... off or converted to delivery till T+30 days in BSE exchange and T+5 in NSE exchange (T=Trade date) on or before the specified time i.e. 02:45 pm. Unlike for a 'Cash' order, you do not have to pay the full order value for E-margin orders. For example: If you would like to buy 100 shares of INFOSYS @ ...
In the Matters of DELAWARE MANAGEMENT COMPANY, INC
... by Delaware Fund, Inc. (“Delaware”) and Decatur Income Fund, Inc. (“Decatur”), registered openend investment companies, and denying effectiveness to a certain post-effective amendments, as amended, filed by Decatur. 2/ Management is the investment advisers to and principal underwriter for Delaware ...
... by Delaware Fund, Inc. (“Delaware”) and Decatur Income Fund, Inc. (“Decatur”), registered openend investment companies, and denying effectiveness to a certain post-effective amendments, as amended, filed by Decatur. 2/ Management is the investment advisers to and principal underwriter for Delaware ...
Review of the Market Events of May 6, 2010
... coordinated and were not present at all the markets. Finally, it was noted that in some cases these volatility controls were triggered as stock prices began to recover. There is no evidence of a large scale migration of liquidity to other Canadian marketplaces occurring as the result of the freezes ...
... coordinated and were not present at all the markets. Finally, it was noted that in some cases these volatility controls were triggered as stock prices began to recover. There is no evidence of a large scale migration of liquidity to other Canadian marketplaces occurring as the result of the freezes ...
Repurchase agreements and the law
... borrower filed for bankruptcy, the lender could retain possession of the securities. In 2000, however, a court ruling in the bankruptcy of Criimi Mae, a publicly held commercial mortage REIT, took market ...
... borrower filed for bankruptcy, the lender could retain possession of the securities. In 2000, however, a court ruling in the bankruptcy of Criimi Mae, a publicly held commercial mortage REIT, took market ...
put title here - Terry FitzPatrick: Reporting, Training, Media
... are becoming more and more valuable as time goes on. Eventually, one person says, how can these shares possibly be worth five thousand pounds. It's ridiculous. And he starts selling. And another person sells, and it goes to four thousand pounds and now a panic sets in and the whole thing falls apart ...
... are becoming more and more valuable as time goes on. Eventually, one person says, how can these shares possibly be worth five thousand pounds. It's ridiculous. And he starts selling. And another person sells, and it goes to four thousand pounds and now a panic sets in and the whole thing falls apart ...
Internationalization of Stock Markets: Potential Problems for United
... It is not surprising that little attention has been paid to the potential problems faced by United States shareholders as a result of foreign listings and stock offerings by their corporations. This is a consequence of the market-oriented paradigm in which many in the United States view the securiti ...
... It is not surprising that little attention has been paid to the potential problems faced by United States shareholders as a result of foreign listings and stock offerings by their corporations. This is a consequence of the market-oriented paradigm in which many in the United States view the securiti ...
Kazakhstan Stock Exchange
The Kazakhstan Stock Exchange is a stock exchange located in Almaty, Kazakhstan. The exchange was founded in 1993.