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NEW TECHNOLOGIES AND INFRASTRUCTURES OF FINANCIAL SERVICES
BORES, Radu; HLACIUC, Ana-Maria - 2016
This paper presents a view over recent developments in the underlying infrastructure of the financial system, more specifically electronic trading and how computers have taken over classic trading mechanisms. While some of the benefits are easy to agree upon, evidence shows that technical...
Persistent link: https://www.econbiz.de/10011534784
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Essays on Empirical Market Microstructure
Tuzun, Tugkan - 2011
sample of trades from TAQ dataset from 1993 to 2008. The theory of trading game invariance predicts that the distribution of … supports predictions of the invariance theory. For the number of trades, the estimated power coefficient of 0.69 (with standard … manner predicted by invariance theory. When trade sizes are adjusted for differences in trading activity, then their …
Persistent link: https://www.econbiz.de/10009450674
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Where is the value in high frequency trading?
Cartea, Álvaro; Penalva Zuasti, José S. - 2011
Analizamos el impacto de las operaciones que se realizan en mercados financieros a gran velocidad utilizando un modelo con tres tipos de operadores: consumidores de liquidez, creadores de mercado y operadores de alta frecuencia. Nuestros cuatro resultados principales son: i) el impacto de las...
Persistent link: https://www.econbiz.de/10012530335
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The CAPM and the High Frequency Trading: Will the CAPM hold good under the impact of high-frequency trading?
Ki, YoungHa - 2011
The main purpose of this paper is to investigate the possible relationship between the Capital Asset Pricing Model - CAPM and the prevailing High Frequency Trading (HFT) method of stocks trading and to explain the relationship between them, if exist, with the references from research papers and...
Persistent link: https://www.econbiz.de/10009430943
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Exchange Market for Complex Goods: Theory and Experiments
Fink, Eugene; Johnson, Josh; Hu, Jenny - 2003
The modern economy includes a variety of markets, and the Internet has opened opportunities for efficient on-line trading. Researchers have developed algorithms for various auctions, which have become a popular means of on-line sales. They have also designed algorithms for exchange markets,...
Persistent link: https://www.econbiz.de/10009440957
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Electronic vs. Open Outcry: Side-by-Side Trading of KCBT Wheat Futures
Shah, Samarth; Brorsen, B. Wade - 2011
This study compares liquidity costs of electronic and open-outcry wheat futures contractstraded side-by-side on the Kansas City Board of Trade. Liquidity costs are considerablylower in the electronic market. Liquidity costs in the electronic market are still considerablylower after eliminating...
Persistent link: https://www.econbiz.de/10009444296
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Transition to electronic trading of Kansas City Board of Trade wheat futures
Shah, Samarth; Brorsen, B. Wade - 2010
This study compares liquidity costs and other characteristics of electronic and open outcry hard red winter wheat futures contracts traded on the Kansas City Board of Trade. Liquidity costs are considerably lower in the electronic market than in the open outcry market. A new approach is used to...
Persistent link: https://www.econbiz.de/10009446522
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BIG DATA A BIG DEAL FOR CAPITAL MARKET COMPANIES IN THEIR TRANSFORMATION PROCESS?
Gamkrelidze, Davit - 2020
Abstract The following article discusses the importance of using big data, especially in the operation of capital market companies, both in terms of benefits and potential risks. Given the growing dynamic business environment, capital market companies have to transform their operations in order...
Persistent link: https://www.econbiz.de/10012158666
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Exploring information lifecycle management in the Nigerian financial sector: A case study
Fadare, E B; Al-Karaghouli, W - 2008
This research paper presents theoretical and practical approaches at how the banking sector manages financial information, with emphasis being placed on financial service operations of cheque processing and securities trading. The banking sector was identified as it is presently the most vibrant...
Persistent link: https://www.econbiz.de/10009465378
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Zwischen Limit und Market Orders: Innovative Ordertypen im elektronischen Wertpapierhandel
Kunzelmann, Matthias - 2006
-of-the-art im elektronischen Wertpapierhandel. …
Persistent link: https://www.econbiz.de/10009434586