Trade‐size clustering and informed trading in global markets

2019 ◽  
Vol 25 (4) ◽  
pp. 579-597 ◽  
Author(s):  
Tao Chen
Keyword(s):  
Informed Trading ◽  
Global Markets ◽  
Trade Size

scholarly journals Global Liquidity Provision and Risk Sharing

2020 ◽  
pp. 1-33
Author(s):  
Feng Jiao ◽  
Sergei Sarkissian
Keyword(s):  
Risk Sharing ◽  
High Probability ◽  
Foreign Market ◽  
Informed Trading ◽  
Global Markets ◽  
Price Shocks ◽  
Foreign Markets ◽  
Liquidity Provision ◽  
Global Liquidity ◽  
Probability Of Informed Trading

Abstract We examine liquidity-related characteristics of U.S. firms with cross-listed shares in 20 foreign markets in the 1950–2013 period. We find that firms after foreign-market listing exhibit lower liquidity sensitivity and lower liquidity beta and suffer less from transitory price shocks. These results are stronger when firms are listed on multiple exchanges and in larger and more liquid markets. The liquidity enhancement is associated with firms’ increased foreign ownership postlisting and is effective for firms with high levels of volatility, foreign income, and foreign trading and a high probability of informed trading. Our findings provide support for global markets providing liquidity and reducing liquidity risk to U.S. firms.

Clean Sweep: Informed Trading through Intermarket Sweep Orders

2012 ◽  
Vol 47 (2) ◽  
pp. 415-435 ◽  
Author(s):  
Sugato Chakravarty ◽  
Pankaj Jain ◽  
James Upson ◽  
Robert Wood
Keyword(s):  
Informed Trading ◽  
Information Share ◽  
Limit Order ◽  
Trade Size ◽  
Market Center

AbstractAn intermarket sweep order (ISO) is a limit order that automatically executes in a designated market center even if another market center is publishing a better quotation. An investor submitting an ISO must satisfy order protection rules by concurrently submitting orders to the markets with better prices. We find that ISOs represent 46% of trades and 41% of volume in our sample. ISO trades have a significantly larger information share despite their small trade size relative to non-ISO trades. Post trade return analysis suggests that informed institutions are the main users of ISO trades.

TRADE SIZE AND INFORMED TRADING: WHICH TRADES ARE "BIG"?

2005 ◽  
Vol 28 (1) ◽  
pp. 133-163 ◽  
Author(s):  
Frank Heflin ◽  
Kenneth W. Shaw
Keyword(s):  
Informed Trading ◽  
Trade Size

scholarly journals INFORMATION CONTENT OF INTER-TRANSACTION TIME: A STRUCTURAL APPROACH

2015 ◽  
Vol 16 (4) ◽  
pp. 697-711 ◽  
Author(s):  
Doojin Ryu
Keyword(s):  
Regression Analysis ◽  
Information Content ◽  
Market Microstructure ◽  
Futures Market ◽  
Informed Trading ◽  
Significant Information ◽  
Trade Size ◽  
Microstructure Model ◽  
Intraday Data

This study examines the information role of inter-transaction time by employing a structural market microstructure model. By analyzing the intraday data of the KOSPI200 futures market, we find that the inter-transaction time (i.e., time between two consecu- tive trades) reveals significant information, and that fast trading is indicative of informed trading. This result remains robust when the effect of trade size is incorporated into the model. Our regression analysis indicates that the information role of inter-transaction time becomes more important when informed trading is less concentrated, liquidity is lower, and the market is more volatile.

Rising Inequality in the New Global Economy

2006 ◽  
pp. 84-89 ◽  
Author(s):  
N. Birdsall
Keyword(s):  
Developing Countries ◽  
Global Economy ◽  
Slow Growth ◽  
Global Markets ◽  
Modern World ◽  
Government Programs ◽  
Poor Countries

Reasons of high inequality in the modern world are considered in the article. In developing countries it interacts with underdeveloped markets and inefficient government programs to slow growth, which in turn slows progress in reducing poverty. Increasing reach of global markets makes rising inequality more likely and deepens the gap between rich and poor countries. Because global markets work better for the already rich, we should increase the representation of poor countries in global fora.

Industrial Technology Graduates’ Acquired Skills and Competencies from the University

2019 ◽  
Vol 5 (3) ◽  
pp. 189
Author(s):  
Amado C Gequinto ◽  
Do Mads
Keyword(s):  
Social Media ◽  
Text Messaging ◽  
Global Market ◽  
The Other ◽  
Global Markets ◽  
Industrial Technology ◽  
The University ◽  
Descriptive Method

Skills and competencies are highly regarded in todays global market. Different agencies specifically those seeking for  technologists, technicians, and engineers, have stressed out that skills and competencies as major components  for individual workers.  This aimed to determine  the relevance and appropriateness of acquired skills and competencies by industrial technology graduates, and determine the extent of use of skills and competencies in the current employment. Review of related literatures and studies have been considered in the realization, understanding, analysis, and interpretation of this research exploration. A descriptive method of research was used with 78 graduates from 2015-2016 and 117 graduates from 2016-2017, who participated in the study survey process. The BatStateU Standardized Questionnaire was used to gather data. A brief interview and talk during the visit of alumni in the university was also considered, as well as the other means of social media like email, facebook, messenger, and text messaging.   Results show that skills and competecnices acquired by industrial technology graduates are all relevant and appropriate.  The study also found that there is some to great extent use of acquired skills and competencies to their current employment. The study implies that the acquired skills and competencies from the university significantly provided the graduates the opportunities ins the national and global markets and industries.

Sign in / Sign up

Export Citation Format

Share Document