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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

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

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

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

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

The two-dimensional Kolmogorov-Smirnov test

Lopes, R H C; Reid, I; Hobson, P R - 2007

computes inO(n2); Cooke’s test that computes in O(n2).We prove that Cooke’s algorithm runs in O(n2), contrary to his claims …

Persistent link: https://www.econbiz.de/10009465493

Bandwidth Selection for Local Linear Quantile Regression with Applications to Financial Market Data

Attar, Hoda E. El- - 2008

distribution. We generalize the iterative Plug-in algorithm for local linear quantile regression with double kernel smoothing in … section (4.5). In section (4.6), we present an iterative-Plug-in algorithm for the local linear quantile regression. In … section (4.7), we discuss the consistency and the asymptotic normality of the plug-in algorithm. In chapter 5, we apply the …

Persistent link: https://www.econbiz.de/10009471892

System-dynamics-based modeling of business simulation algorithms

Gold, Steven - 2005

Research on the internal algorithms used to model business simulations have focused on individual components of the business system. Yet the business environment is complex in nature, characterized by interdependencies and nonlinear relationships that require a systems approach if effective game...

Persistent link: https://www.econbiz.de/10009459196

The Role of Information Technology in the Airport Business: A Retail-Weighted Resource Management Approach for Capacity-Constrained Airports

Klann, Dirk - 2009

tested in different scenarios. For this purpose anadequate gate allocation algorithm has been developed and implemented in a …

Persistent link: https://www.econbiz.de/10009463199

Modelling South African currency crises as structural changes in the volatility of the rand

Duncan A.S.; Liu G.D. - 2009

periods with a high degree of precision. We use the iterative cumulative sum of squares algorithm to detect multiple shifts in …

Persistent link: https://www.econbiz.de/10009480480