This book offers a look at equity markets and what they have experienced since the 1997 Order Handling Rules were instituted. Specifically, it examines the tremendous technology innovation, intensified competition between an expanding set of alternative trading venues, and continuing regulatory...

Statistische Eigenschaften von Handelsvolumina auf Aktienmärkten -- Theoretische Analysen zur Rolle des Handelsvolumens auf Aktienmärkten -- Kontemporärer Zusammenhang zwischen Aktienrenditen und Handelsvolumina -- Ereignisinduzierte Marktreaktionen: Preis- und Volumenseffekte am Beispiel von...

This book underscores the complexity of the equity markets, the challenges they face, and the fact that they are still a work in process. Three interacting forces drive market change: competition, technology change, and regulatory change. The markets have one major objective in particular to...

Quality of Our Financial Markets -- High Frequency Trading: Friend or Foe? -- Mid-Day Address -- May 6: Lessons Learned and Questions Raised -- The Needs of the Buyside: How Well are They Being Met? -- New Technology: What Does it Bring to the Table? -- Closing Address

Regulierung und Europa -- MiFID – Der europäische Gedanke zur Finanzanlage -- Die zentralen Anforderungen der MiFID -- Gleiches Recht und gleiche Praxis in der EU? Ein Vergleich am Beispiel Luxemburg – Deutschland -- Besonderheiten in Großbritannien -- Die Zukunft des Anlegerschutzes in...

Insiderhandel im Rahmen von Kapitalmarktgeschäften ist immer wieder Gegenstand öffentlicher Diskussionen. Björn Dymke analysiert Kapitalmarkttransaktionen deutscher Unternehmensinsidern mit Wertpapieren der von ihnen geleiteten Unternehmen, sogenannte Directors’ Dealings. Er untersucht, ob...

Market Fragmentation and Market Quality: The European Experience -- Pre-trade Transparency and the Information Content of the Limit Order Book -- Trading Mechanisms in Financial Markets: A Comparison Between Auction and Dealership Markets -- News Trader, Liquidity and Transaction Cost -- What...

Review of Studies on the Relationship between Trading Volume and Stock Returns -- Data and Methodology -- Results: Trading Volume and the Cross-Sectional Variation of Stock Returns -- Results: Time-Stability of Portfolio Returns -- Results: Economic Significance of Volume-Return Relations --...

Chapter 1: Introduction -- Chapter 2: Trends in Indian Stock Market: Scope for designing Profitable Trading Rule? -- 2.1. Introduction -- 2.2. Trends and Latent Structure in Indian stock market -- 2.3. Detection of Structural Break in volatility -- 2.4. Identifying Trends in Indian Stock Market:...