Is Informed Trading Different Across Investor Types PDF Download
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Author | : Hyejin Park |
Publisher | : |
Total Pages | : 33 |
Release | : 2015 |
Genre | : |
ISBN | : |
Download Is Informed Trading Different Across Investor Types? Book in PDF, ePub and Kindle
In this study we compare the extent of informed trading across investor types in the Korean stock market using intraday quote and trade data from January 2006 to September 2013. We estimate for each stock the probability of information-based trading (PIN) using trades that are initiated by foreign institutional investors, domestic institutional investors, and domestic individual investors separately. The results show that PIN values of foreign and domestic institutional investors are much higher than those of individual investors. Contrary to the belief of some market participants, however, we find that PIN values of foreign institutional investors are lower than those of domestic institutional investors, suggesting that domestic institutional investors engage in more informed trading than foreign institutional investors. We also find a strong cross-sectional relation between PIN and stock/firm attributes.
Author | : Heather Elise Tookes |
Publisher | : |
Total Pages | : 592 |
Release | : 2003 |
Genre | : |
ISBN | : |
Download Information, Trading and Product Market Interactions Book in PDF, ePub and Kindle
Author | : Joel Hasbrouck |
Publisher | : Oxford University Press |
Total Pages | : 209 |
Release | : 2007-01-04 |
Genre | : Business & Economics |
ISBN | : 0198041306 |
Download Empirical Market Microstructure Book in PDF, ePub and Kindle
The interactions that occur in securities markets are among the fastest, most information intensive, and most highly strategic of all economic phenomena. This book is about the institutions that have evolved to handle our trading needs, the economic forces that guide our strategies, and statistical methods of using and interpreting the vast amount of information that these markets produce. The book includes numerous exercises.
Author | : Nathan Bell |
Publisher | : Youcanprint |
Total Pages | : 666 |
Release | : 2021-08-25 |
Genre | : Business & Economics |
ISBN | : |
Download Options Trading (3 Books in 1) Book in PDF, ePub and Kindle
Have you been desiring to start trading different financial instruments like stocks and options but have been hesitant about it because you don't know where to start? And are you looking for a guide that will cover the A-Z in simple, step by step language that you can follow with ease and apply that information to profit from stocks and options trading, while keeping your exposure to risks low? If you've answered YES, keep reading… You Are About To Discover The Secrets That Successful Traders Don't Want To Share With The Unsuccessful Ones And How To Apply This Information To Profit From Stocks And Options Trading, Just Like The Pros! By virtue that you are reading this, it is clear you've across the concept of stock and options trading somewhere, got drawn to it and are curious to learn more about it so that you too can venture into trading stocks and options fully aware of how to go about it. It is also likely that you are scared of losing money as you begin this journey and are probably looking for answers to all the questions going through your mind… Where do you start as far as trading financial assets is concerned? What do you need to learn? How do you analyze the markets so as to make informed trading decisions? What are the dos and don'ts you need to be aware of? How do you mitigate your exposure to risks? Which broker should you use – what steps do you need to take to begin? If you have these and other related questions, this 3 in 1 book is for you so keep reading… In it, you will learn: • The basics of options, including what they are, how they work, their pricing, the categories and the lingo used in options trading • Why you should venture trading in options, including the risks that come with that • What makes a successful options trader • How to buy, sell or exercise options, including how to select the right options strategy • How to buy call or put options professionally • How to sell covered call options and naked call options like a pro • The ins and outs of options trading time frames • How to trade signals and avoid mistakes in options trading • How to choose the right trades • Powerful tips for success • How to find the perfect broker • How to figure out the market phases • The difference between call options and put options • How to manage your portfolio • How to make prudent trade exits • The options mistakes beginners make that you need to avoid • How the stock market works • How to know whether the stock market is for you • The myths about the stock market • How to become a successful stock market investor • How to make your first stock purchase • How to minimize losses and maximize gains • How to begin investing in stocks with $100 or less • How to turn your stock portfolio into a cash flow machine • How to trade momentum stocks • How to leverage the insider tricks that professional traders use • How to identify a stock that is just about to explode higher …And much, much more! Are you ready to get started on your journey to building a six-figure income by following the footsteps of the most successful traders, even if you are a complete beginner? This simple, practical and fun to read guide is here to guide you! Click Buy Now With 1-Click or Buy Now to get started!
Author | : Yu-Chen Wei |
Publisher | : |
Total Pages | : |
Release | : 2018 |
Genre | : |
ISBN | : |
Download Informed Trading Behavior of Institutions and Individuals Around Earnings Announcements Book in PDF, ePub and Kindle
This study constructs the institutional- and individual-based probability of informed trading (PIN) by adjusting Easley, Hvidkjaer and O'Hara (2002) and investigates the impact of the informed trading behaviors of institutions and individuals on the post-announcement drift around the earnings announcement. The differences between this study and the previous literatures lie in that the investor types of informed traders are distinguished as institutions and individuals. Besides, the trading date effect is considered to examine the informed trading behaviors. The findings show that the informed trading behaviors of institutions and individuals can be distinguished. If there are informed traders involves in the stocks, the cumulative abnormal returns after the earnings announcement may be higher than the other stocks with no informed traders. Some individuals may possess relevant information that may prompt them to trade prior to or after the earnings announcement. The findings of the study may contribute to the government regulations and portfolio selections.
Author | : Christian Wey |
Publisher | : |
Total Pages | : 113 |
Release | : 2009 |
Genre | : Germany |
ISBN | : 9783428132577 |
Download Twenty Years of Economic Reconstruction in East Germany Book in PDF, ePub and Kindle
Author | : Larry Harris |
Publisher | : CFA Institute Research Foundation |
Total Pages | : 94 |
Release | : 2015-10-19 |
Genre | : Business & Economics |
ISBN | : 1934667927 |
Download Trading and Electronic Markets: What Investment Professionals Need to Know Book in PDF, ePub and Kindle
The true meaning of investment discipline is to trade only when you rationally expect that you will achieve your desired objective. Accordingly, managers must thoroughly understand why they trade. Because trading is a zero-sum game, good investment discipline also requires that managers understand why their counterparties trade. This book surveys the many reasons why people trade and identifies the implications of the zero-sum game for investment discipline. It also identifies the origins of liquidity and thus of transaction costs, as well as when active investment strategies are profitable. The book then explains how managers must measure and control transaction costs to perform well. Electronic trading systems and electronic trading strategies now dominate trading in exchange markets throughout the world. The book identifies why speed is of such great importance to electronic traders, how they obtain it, and the trading strategies they use to exploit it. Finally, the book analyzes many issues associated with electronic trading that currently concern practitioners and regulators.
Author | : Alexandra Hachmeister |
Publisher | : Springer Science & Business Media |
Total Pages | : 188 |
Release | : 2007-11-03 |
Genre | : Business & Economics |
ISBN | : 3835095773 |
Download Informed Traders as Liquidity Providers Book in PDF, ePub and Kindle
Alexandra Hachmeister’s thesis empirically analyzes and positively answers the question whether informed traders provide liquidity in an open limit order book. The analyses include a detailed market description of the German equity market, a new methodological approach for the identification of informed traders as well as the analysis of the individual liquidity providing and demanding behavior of the identified informed traders.
Author | : Mark Lang |
Publisher | : Now Publishers Inc |
Total Pages | : 79 |
Release | : 2011 |
Genre | : Business & Economics |
ISBN | : 1601984480 |
Download Economic Effects of Transparency in International Equity Markets Book in PDF, ePub and Kindle
This monograph reviews the existing accounting, finance and economics literature on the economic effects of transparency in international equity markets, considers aspects of an international setting that make it an interesting environment for investigating these effects, and suggests directions for future research
Author | : |
Publisher | : |
Total Pages | : 76 |
Release | : 1986 |
Genre | : Capital market |
ISBN | : |
Download Financial Markets in Finland Book in PDF, ePub and Kindle