A stock exchange is a marketplace where financial instruments, primarilyequities(stocks) andbonds, are traded. These bustling hubs bring corporations and governments with investors, processing trades in real time when the markets are open. Think of exchanges as highly organized auction houses for piec...
Traders play an important role in the market because they provide much-neededliquidity, which helps both investors and other traders. Liquidity means there's enough volume of trades as well as buyers and sellers in the market so that stocks can be bought or sold easily. Factors that stock tra...
Placing a trade order seems intuitive – a “buy” button to initiate a trade and a “sell” button to close a trade. Although executing trades is possible in such a way, it is very inefficient as it requires constant monitoring of thestock. Using just the buy and sell buttons can resul...
This study compares the extent of informed trading across investor types in the Korean stock market using intraday quote and trade data. We estimate for each stock the probability of information鈥恇ased trading (PIN) using trades that are initiated by foreign investors, domestic institutional ...
Using timestamped orders and trades data from the Stock Exchange of Thailand, we study how dierent market participants - retail investors, domestic and foreign institutions - inuence price formation for dierent liquidity levels. We nd that trading participants contribute heterogeneously to price format...
Individual Investor Sentiment and Stock Returns - What Do We Learn from Warrant Traders? In this paper, we propose a measure of individual investor sentiment that is derived from the market for bank-issued warrants. Due to a unique warrant tran... P Schmitz,M Glaser,M Weber∗ - 《Sonder...
However, while these two studies investigate the trading behavior of different investor types in response to macroeconomic news, they only examine the impact of U.S. macroeconomic news on trading in U.S. assets. Moreover, no distinction is made in the prior studies between the trades of ...
While they once concentrated on short-term investments by planning strategic stock trades, they since have become major players in the long-term investment market. Moreover, institutional investors have been clamoring for a voice in company operations and they are the largest shareholders in the ...
trades will not be a significant source of revenue in the future. Under this scenario, brokerages will have to make money from annual fees for funds, providing information, and other services. DARTs would then gradually become a part of stock market history without any remaining practical ...
Risk and return expectations can vary widely within the same asset class. For example, ablue chipthat trades on the New York Stock Exchange will have a very different risk-return profile from amicro-capthat trades on a small exchange.