Trading patterns: Global and regional perspectives

Keyword(s):  
2021 ◽  
Vol 13 (10) ◽  
pp. 5573
Author(s):  
Insung Son ◽  
Sihyun Kim

This study analyzed partner volatility (new, old, revocation partners) and country-specific signal effects (United States (US), Taiwan, Japan, and South Korea) for Apple iPhone parts suppliers from 2007 to 2018. Mid- to long-term stock price movements were also analyzed to define trading patterns by investor type. The results using logit regression analysis revealed that new partners and revocation partners each have a signaling effect perceived as positive and negative information in the short term, and the excess returns by country showed a positive signaling effect in the order of the US, Taiwan, South Korea, and Japan. The findings also suggest that the change in the new partners’ stock price after the preannouncement of new products was useful investment information. Moreover, information asymmetry was found between individual investors, institutions, and foreigners. Results indicate that new partner selection in the smartphone market impacts corporate value and serves as useful investment information.


2015 ◽  
Vol 16 (1) ◽  
pp. 5-12 ◽  
Author(s):  
Matthew Rossi ◽  
Greg Deis ◽  
Jerome Roche ◽  
Kathleen Przywara

Purpose – To alert high frequency trading firms to the increased regulation and prosecution of manipulative trading practices during 2014 and early 2015. Design/methodology/approach – Reviews four significant proceedings against high frequency trading firms (and/or individuals employed by such firms) and other developments from the relevant government agencies as a possible preview of the enforcement and prosecution of high frequency trading practices in 2015. Provides advice to high frequency trading firms on how to decrease the risk of regulatory or criminal actions against them in this changing environment. Findings – Although the focus on high frequency trading has only recently begun to intensify, firms should be aware of the increased enforcement activity of the past year. These actions, both regulatory and criminal, have already resulted in large penalties and have helped initiate a strengthening of rules and regulations regarding manipulative trading practices, of which firms need to be aware and stay current. Practical implications – High frequency trading firms should be aware of the recent regulatory and criminal actions in order to better evaluate their own practices and controls, to ensure that their trading patterns do not resemble manipulative practices, and to avoid similar actions. Originality/value – Practical guidance from experienced litigators and securities regulatory lawyers, including a former SEC Assistant Chief Litigation Counsel and a former federal prosecutor, that consolidates and describes several recent actions and developments in one piece.


2011 ◽  
Vol 44 (4) ◽  
pp. 343-356 ◽  
Author(s):  
Stacy Closson

Russia’s recent intent to use gas supplies to influence the former Soviet Union Republics, and now New Independent States (NIS), has mirrored that of the Soviet’s handling of hydrocarbon supplies to the Eastern bloc, or the Council on Mutual Economic Assistance (CMEA). This paper explores the historical and unique conditions in making a comparison of energy trading patterns in the 1970s and 2000s. In the end, by comparing ‘then’ and ‘now’, we see a pattern of negative repercussions when the energy card is employed. This study employs a within case study cross-temporal comparative framework and asks: why would Russia transfer a failed policy of subsidies onto its newly independent states?


Author(s):  
VIVIEN G. SWAN

In the Dichin (north central Bulgaria) store-buildings destroyed in about the 480s, the large quantities of imported Eastern Mediterranean and Black Sea amphorae typify late Roman military supply (annona) to the forts of the lower Danube limes. A dearth of amphorae at Dichin for most of the sixth century is linked ultimately to alterations in trading patterns in the Mediterranean as a whole. A slight increase in amphorae shortly before the final destruction of c.580 reflects a significant recasting of supply sources. The few imported red-slipped wares are mostly late fifth century and of Pontic origin. During the sixth century, modifications in the local coarse pottery reflect cultural changes in the region — the decline of Romanized eating practices and the impact of the barbarian social traditions. The wider significance of ‘foederati ware’ for the Germanic settlement of the region and its influence on the technology of indigenous ceramics production are also explored.


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