Trading volume and order flow have both been closely associated with informed trader activity in the market microstructure literature. Using theory that explains regular intraday patterns in trading data, we transform these two variables into proxies for private information and examine their...

From Prof Steve Thomas and Mr Richard A. Werner.Sir, Mervyn King deserves praise for recognising that things could turn ugly when the housing bubble bursts ("King links rises in rates to fears on house prices", July 1). But is his recommended plan of action suitable - namely to raise interest...

Relatively there is little empirical research that has been taken to understand how the underlying economy affects customers’ subsequent financial product purchase behaviours. A better understanding of this influence and being able to predict the probability of purchasing are important for...