Location matters: an examination of trading profits
Article Abstract:
Data on traders from eight different countries trading on the German Security Exchange's Electronic trading system, Xetra, was used to explore the effects of asymmetrical information in a global market. Research results reveal that trading profits were lower for both non-German-speaking traders and traders located outside Germany.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2001
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On the perils of financial intermedaries setting security prices: the mutual fund wild card option
Article Abstract:
This paper uses open-end mutual funds to show how distortions are created when securities are traded at prices set by intermediaries. Mutual funds typically set their fund prices using algorithms that do not take into account the trading of the funds' underlying securities by intermediaries.
Publication Name: Journal of Finance
Subject: Business
ISSN: 0022-1082
Year: 2001
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