This paper investigates the informational effect of trading and market segmentation on the Australian Securities Exchange (ASX) paying particular attention to the recent phenomenon: fleeting orders.11Consistent with Hasbrouck and Saar (2009), fleeting orders are defined as non-marketable limit...

We analyze in this study investor trading behavior based not on information related assumptions but on the search model of Vayanos and Wang (2007). Our study shows that search cost dictates trading polarization across investors, firm size and time of day. We find that individual investors prefer...

In this study, we analyze investor trading behavior based not on information-related assumptions but on the search model of Vayanos and Wang (2007). Our study shows that search cost dictates trading polarization across investors, firm size, and time of day. We find that individual investors...

Colocation services offered by stock exchanges enable market participants to achieve execution costs for large orders that are substantially lower and less sensitive to transacting against high-frequency traders. However, these benefits manifest only for orders executed on the colocated brokers'...

On 2 January 2007, the Indonesia Stock Exchange (IDX) implements a new tick size of Rp1 in addition to the extant Rp5, Rp10, Rp25 and Rp50 tick sizes. This research investigates the impact of tick size reduction on stock price efficiency and execution cost. The microstructure effect of the new...

In this paper, an intuitionistic fuzzy (IF) distance measure between two triangular intuitionistic fuzzy numbers (TIFNs) is developed. The metric properties of the proposed IF distance measure are also studied. Then, based on this IF distance, an extended TOPSIS is developed to solve...

This paper is about the Resource-Constrained Project Scheduling Problem) RCPSP) which is one of the most important problems in last three decades and many researchers have paid attention to it and have reached useful results. In this paper, to cope with uncertainty issue, the RCPSP is studied...

Selecting the best managers from several proposed alternatives is a key factor in project success. The act of selecting administer is a multi-indicatory issue which includes qualitative and quantitative criteria that might be in contradiction or even might be vague. Therefore, complexity and...

In response to the weakness of traditional efficiency assessment methods taking risk into account, the modification of the Certainty Equivalent method is proposed in this paper. The possibility of connecting solutions from different fields provides for the elaboration of a more effective tool to...