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OTC Derivatives Market in India: Recent Regulatory Initiatives and Open Issues for Market Stability and Development
Arora, Dayanand; Rathinam, Francis Xavier - 2010
The OTC derivatives markets all over the world have shown tremendous growth in recent years. In the wake of the present … financial crisis, which is believed to have been exacerbated by OTC derivatives, increasing attention is being paid to analysing … the regulatory environment of these markets. In this context, we analyse the regulatory framework of the OTC derivatives …
Persistent link: https://www.econbiz.de/10011807654
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Impact assessment of clearing and settlement regulations: Final report
Köhler, Matthias; Westerheide, Peter - 2006
Persistent link: https://www.econbiz.de/10011288120
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Algorithmic trading engines versus human traders: Do they behave different in securities markets?
Gomber, Peter; Gsell, Markus - 2009
After exchanges and alternative trading venues have introduced electronic execution mechanisms worldwide, the focus of the securities trading industry shifted to the use of fully electronic trading engines by banks, brokers and their institutional customers. These Algorithmic Trading engines...
Persistent link: https://www.econbiz.de/10010303683
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Neue Transparenzregeln für den Wertpapierhandel in Europa
Gomber, Peter; Seitz, Jochen - In: Vierteljahrshefte zur Wirtschaftsforschung 74 (2005) 4, pp. 153-166
Umfeld für den Wertpapierhandel in Europa auf ein neues Fundament gestellt worden. Die MiFID regelt neben der …
Persistent link: https://www.econbiz.de/10010377736
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The German equity trading landscape
Gomber, Peter - 2016
This paper describes cash equity markets in Germany and their evolution against the background of technological and regulatory transformation. The development of these secondary markets in the largest economy in Europe is first briefly outlined from a historical perspective. This serves as the...
Persistent link: https://www.econbiz.de/10011442596
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Measuring Scale Economies in a Heterogeneous Industry: The Case of European Settlement Institutions
van Cayseele, Patrick; Wuyts, Christophe - 2006
We examine whether the European settlement institutions are technically efficient. This is done by means of estimating a translog cost function, and investigating whether scale economies are fully exploited. Since the sample is quite heterogeneous, fixed effects regression is introduced. From...
Persistent link: https://www.econbiz.de/10011689925
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The economics of options-implied inflation probability density functions
Kitsul, Yuriy; Wright, Jonathan H. - 2012
quotes on these derivatives to construct probability densities for inflation. We study how these pdfs respond to news …
Persistent link: https://www.econbiz.de/10010397781
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Financial transactions taxes
Shome, Parthasarathi - 2011
taxes (FTT). It includes examples of FTT in the wider context, for example, on stocks and derivatives, currency transactions …
Persistent link: https://www.econbiz.de/10011807660
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Optimal clearing arrangements for financial trades
Koeppl, Thorsten; Monnet, Cyril; Temzelides, Ted - 2009
Clearinghouses support financial trades by keeping records of transactions and by providing liquidity through short-term credit that is periodically cleared by participants. We study efficient clearing arrangements for formal exchanges, where traders must clear with a clearinghouse, and for...
Persistent link: https://www.econbiz.de/10010290335
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"Predatory" margins and the regulation and supervision of central counterparty clearing houses (CCPs)
Krahnen, Jan Pieter; Pelizzon, Loriana - 2016
This note discusses the basic economics of central clearing for derivatives and the need for a proper regulation … involvement of a central counterparty mandatory for standardized OTC derivatives' trading and sets higher capital and collateral … requirements for non-centrally cleared derivatives. From a macrofinance perspective, CCPs provide a trade-off between reduced …
Persistent link: https://www.econbiz.de/10011533345