Sunshine Trading: Flashes of Trading Intent at the NASDAQ

Liquidation in the Face of Adversity: Stealth Versus Sunshine Trading

We consider a multi-player situation in an illiquid market in which one player tries to liquidate a large portfolio in a short time span, while some competitors know of the seller’s intention and try to make a profit by trading in this market over a longer time horizon. We show that the liquidity characteristics, the number of competitors and their trading time horizons determine the optimal st...

Trading Partners and Trading Volumes∗

Noise Trading Approach of Capital Asset Pricing at Tehran Stock Exchange

Noise traders as one of the key elements of the market play a significant role in determining the market volatilities, returns, and stock market mispricing. Hence, this study attempts to scrutinize the role of noise trading in capital asset pricing. Therefore, by using daily data, samples including 14105 data of 200 companies listed on stock exchange were selected and noise trading index was es...

Universal Component Trading - Trading in heterogenen Komponentenumgebungen

Fuzzy logic, trading uncertainty and technical trading

0378-4266/$ see front matter 2012 Elsevier B.V. A http://dx.doi.org/10.1016/j.jbankfin.2012.09.012 ⇑ Corresponding author at: Faculty of Business Ad versity, 955 Oliver Road, Thunder Bay, ON, Canada P7 fax: +1 807 343 8443. E-mail addresses: [email protected] (N. (R. Gençay). From the market microstructure perspective, technical analysis can be profitable when informed traders make systemat...