On-line marketplaces raise several interesting issues, among them the relevance of location when content is digitized, and the assessment of a supplier's capabilities when buyers worldwide only have ...

Every day, thousands of orders for selling or buying stocks are registered and processed within milliseconds. Electronic stock exchanges, such as NASDAQ, use what is referred to as microscopic ...

This is a preview. Log in through your library . Abstract Several authors have previously determined that abnormal returns exist on ex-cash dividend days and ex-stock dividend days. In other words, ...

Researchers have analyzed the statistical regularities and irregularities in the recent order flow of 96 different NASDAQ stocks. Since prices are strongly correlated during financial crises, they ...

In modern financial markets, one of the key concerns of large market participants is how to trade in significant size without creating an adverse effect on price. Solutions have included technical ...

Hong Kong Exchanges and Clearing Limited (HKEX) recently published a consultation paper on proposed enhancements to the Pre-opening Session (POS) and Volatility Control Mechanism (VCM) in the ...

In the two previous articles, I summarized the evolution of speed in modern finance and the balancing act between good and bad latency reductions. Let us now examine the venues where trading takes ...

If you want to really understand markets, if you are confused by market structure issues and the nuances of trading, you have to talk to Larry Harris." This is what a longtime securities industry ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Covering all aspects of the trading process, the framework leverages KX's ...