Insider Trading in Convergent Markets

نویسندگان

  • Mattias Jonsson
  • Jan Večeř
چکیده

We find optimal trading strategies for an insider who is trading in two convergent stocks and is bound by margin constraints.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Insider Trading and Prediction Markets

Rules limiting insider trading may encourage investment, but they may also discourage exploration of new less-decentralized corporate information processes, such as prediction and decision markets. I review standard corporate information processes and insider trading rules, outline possible improvements that prediction markets might offer, and consider ways we might change insider trading rules...

متن کامل

Essays in insider trading, informational efficiency, and asset pricing

In this dissertation, I consider a range of topics related to the role played by information in modern asset pricing theory. The primary research focus is twofold. First, I synthesize existing research in insider trading and seek to stimulate an expansion of the literature at the intersection of work in the insider trading and financial economics areas. Second, I present the case for using Pete...

متن کامل

The Incidence of Insider Trading in Betting Markets and the Gabriel and Marsden Anomaly

THE INCIDENCE OF INSIDER TRADING IN BETTING MARKETS AND THE GABRIEL AND MARSDEN ANOMALY 1 by MICHAEL CAIN, University of Salford DAVID LAW, University of Wales Swansea and DAVID A. PEEL, University of Wales, Cardiff Estimates of insider trading in the betting on individual races, conditional on the Shin (1993) model, are employed in an analysis of the market anomaly observed by Gabriel and Mars...

متن کامل

Where Is the Market? Evidence from Cross-Listings in the United States

We analyze the location of stock trading for firms with a US cross-listing. The fraction of trading that occurs in the United States tends to be larger for companies from countries that are geographically close to the United States and feature low financial development and poor insider trading protection. For companies based in developed countries, trading volume in the United States is larger ...

متن کامل

Optimal Insider Strategy with Law Penalties

It is very well known and documented that in many markets some traders had more information than others, more exactly they construct their strategies based on the knowledge of future events, this future information is known as the inside information and these traders are known as being the insiders of the market. Of course this kind of trading is illegal and the insiders are exposed to the risk...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2003