Download or read book Floor Trading Versus Electronic Screen Trading an Empirical Analysis of Market Liquidity in the Nikkei Stock Index Futures Market written by Anne Fremault and published by . This book was released on 1995 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Floor Trading Versus Electronic Screen Trading written by Amlan Roy and published by . This book was released on 1995 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Floor Trading Versus Electronic Screen Trading written by Anne Fremault Vila and published by . This book was released on 1995 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Legacy of John Paul II responds to that challenge in helping readers and students to come to grips with the important themes in John Paul II's theology. This is important as his influence is already as great as that of almost any other Pope and his teachings and writings need to be studied carefully by Christians of all denominations. John Paul II's writings were as prolific as his canonisations were vigorous. They range from topics as important as ethics, politics, theology and comparative religion. He published a number of philosophical books before becoming Pope. - From publishers website.
Download or read book Electronic vs Floor Based Trading written by Robert A. Schwartz and published by Springer Science & Business Media. This book was released on 2006-06-03 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Specialists and floor brokers, in direct contact on the trading floor, are at the heart of operations at the national U.S. equity exchanges. At the other end of the spectrum, electronic trading platforms characterize most other equity markets globally. Why have we not followed the international trend, and should we? Can the unique services offered by the floor be provided as effectively in an electronic environment? Which environment would institutional and retail traders each find most suitable to their special needs? These are some of the questions that will be addressed. In so doing, Electronic vs. Floor Based Trading will provide perspective on the future direction that exchange market structure is likely to follow in the coming years.
Download or read book Stock Index Futures written by Charles M.S. Sutcliffe and published by Routledge. This book was released on 2018-01-18 with total page 844 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global value of trading in index futures is about $20 trillion per year and rising and for many countries the value traded is similar to that traded on their stock markets. This book describes how index futures markets work and clearly summarises the substantial body of international empirical evidence relating to these markets. Using the concepts and tools of finance, the book also provides a comprehensive description of the economic forces that underlie trading in index futures. Stock Index Futures 3/e contains many teaching and learning aids including numerous examples, a glossary, essay questions, comprehensive references, and a detailed subject index. Written primarily for advanced undergraduate and postgraduate students, this text will also be useful to researchers and market participants who want to gain a better understanding of these markets.
Download or read book Electronic Screen Trading and the Transmission of Information written by Andreas Grünbichler and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the lead-lag relation between intraday spot and futures prices for stock index where the component stocks are floor traded while the futures contract is screen traded. We find that futures prices lead spot prices by nearly 20 minutes. This is much longer than in markets where both the index and index futures are floor traded. We show that this lead-lag relation is unlikely to be an artifact of differences in liquidity between spot and future markets. These results are consistent with the hypothesis that screen trading accelerates the price discovery process.
Download or read book Transparency and Fragmentation written by J. Board and published by Springer. This book was released on 2002-07-16 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first major treatment of the effects of increased transparency on financial markets: an important and highly controversial issue for both traders and regulators. Focussing on three main themes - market transparency, the consolidation-fragmentation of trading systems, and the scope of regulation (i.e. which markets, and which traders within those markets, should be subject to regulation), the book highlights the importance of these issues to all markets throughout the world. The book draws on research from eight UK based investment exchanges, Deutsche Borse in Frankfurt and documentary evidence from the US markets and their regulators enabling the identification and documentation of the current situation and consideration of what fresh regulatory approaches are required for this new and fast evolving situation.
Download or read book Market Microstructure in Emerging and Developed Markets written by H. Kent Baker and published by John Wiley & Sons. This book was released on 2013-07-31 with total page 758 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive guide to the dynamic area of finance known as market microstructure Interest in market microstructure has grown dramatically in recent years due largely in part to the rapid transformation of the financial market environment by technology, regulation, and globalization. Looking at market transactions at the most granular level—and taking into account market structure, price discovery, information flows, transaction costs, and the trading process—market microstructure also forms the basis of high-frequency trading strategies that can help professional investors generate profits and/or execute optimal transactions. Part of the Robert W. Kolb Series in Finance, Market Microstructure skillfully puts this discipline in perspective and examines how the working processes of markets impact transaction costs, prices, quotes, volume, and trading behavior. Along the way, it offers valuable insights on how specific features of the trading process like the existence of intermediaries or the environment in which trading takes place affect the price formation process. Explore issues including market structure and design, transaction costs, information flows, and disclosure Addresses market microstructure in emerging markets Covers the legal and regulatory issues impacting this area of finance Contains contributions from both experienced financial professionals and respected academics in this field If you're looking to gain a firm understanding of market microstructure, this book is the best place to start.
Download or read book Institutional Investors written by E. Philip Davis and published by MIT Press. This book was released on 2004-01-30 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most important recent developments in financial markets is the institutionalization of saving associated with the growth of pension funds, life insurance companies, and mutual funds. An increasing proportion of household saving is now managed by professional portfolio managers instead of being directly invested in the securities markets or held in the form of bank deposits. With the aging of the population and its adverse impact on public pension systems, the shift of individual savings to institutional investors is likely to become even more marked in the coming years. This book provides a comprehensive economic assessment of institutional investment. It charts the development and performance of the asset management industry and analyzes the implications of rising institutionalized saving for the development of the securities trading industry, the financial sector as a whole, and the wider economy. The book draws extensively on international experience, particularly in the United States, Western Europe, and Japan.
Download or read book Technology and Finance written by Morten Balling and published by Routledge. This book was released on 2002-10-31 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology and Finance analyses the dramatic implications of technology for today's financial sector, for productivity growth and for monetary policy. A wide range of financial market activities are now technology driven; technology is also crucial in retail, private and corporate banking, and it has lowered entry barriers to the sector. New partic
Download or read book Journal of Empirical Finance written by and published by . This book was released on 2000 with total page 1350 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Technology and Banking written by Richard H. Baker and published by DIANE Publishing. This book was released on 2000-08 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hearing held by the U.S. House of Reps. Capital Markets Subcomm. Witnesses: Brooksley Born, Commodity Futures Trading Comm.; Dale Carleton, State Street Corp.; Ian Domowitz, Smeal College of Bus. Admin., Penn. State Univ.; Craig Donohue, Chicago Mercantile Exchange; James Kamihachi, Office of the Comptroller of the Currency; John Katovich, OptiMark Technologies, Inc.; Howard Lutnick, Cantor Fitzgerald, Cantor Exchange; Arthur Murton, FDIC; Volker Potthoff, Eurex Deutschland, Frankfort, GMBH; Frank Rose, Chicago Board of Trade; Laura Unger, SEC; and Steven Wallman, The Brookings Institution.
Download or read book Journal of Banking Finance written by and published by . This book was released on 1997 with total page 1090 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Multi level Perspectives Of Agribusiness written by Walter Amedzro St-hilaire and published by World Scientific. This book was released on 2018-05-25 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the business configurations in agribusiness system? Is not the power likely to focus on a restricted number of big manufacturers, and on a much more limited number of distributors? How to design the future role of the SME and producers? The book identifies the challenges of modern agribusiness in their globalities. The author anticipates stakeholder strategies and addresses socio-economic, political and management challenges: the changing environment of Agribusiness, the sectoral structure, challenges, and the requirements for successful execution of Agriproduction or changing strategies for existing the food distributors, as well as provides some recommendations.Globally, The Multi-Level Perspectives of Agribusiness is a guide to sectoral perspectives knowledge for the future leaders of Agribusiness. It brings us to understand that, the attraction of investors is not due to the typical averages of the sector, but to the characteristics of its' specific actors. The winners are the well-informed companies in this sector, which the Competitive Intelligence Approach and Industrial Planning make the difference.
Download or read book Technology and Banking written by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Capital Markets, Securities, and Government Sponsored Enterprises and published by . This book was released on 1999 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Financial Intermediation written by and published by . This book was released on 1998 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trading and Electronic Markets What Investment Professionals Need to Know written by Larry Harris and published by CFA Institute Research Foundation. This book was released on 2015-10-19 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: The true meaning of investment discipline is to trade only when you rationally expect that you will achieve your desired objective. Accordingly, managers must thoroughly understand why they trade. Because trading is a zero-sum game, good investment discipline also requires that managers understand why their counterparties trade. This book surveys the many reasons why people trade and identifies the implications of the zero-sum game for investment discipline. It also identifies the origins of liquidity and thus of transaction costs, as well as when active investment strategies are profitable. The book then explains how managers must measure and control transaction costs to perform well. Electronic trading systems and electronic trading strategies now dominate trading in exchange markets throughout the world. The book identifies why speed is of such great importance to electronic traders, how they obtain it, and the trading strategies they use to exploit it. Finally, the book analyzes many issues associated with electronic trading that currently concern practitioners and regulators.
