Trading costs and the relative rates of price discovery in stock, futures, and option markets

1996 ◽  
Vol 16 (4) ◽  
pp. 353-387 ◽  
Author(s):  
Jeff Fleming ◽  
Barbara Ostdiek ◽  
Robert E. Whaley
Keyword(s):  
Price Discovery ◽  
Trading Costs ◽  
Option Markets

scholarly journals Liquidity, Trading, and Price Determination in Equity Markets: A Finance Course Application

2021 ◽  
pp. 21-49
Author(s):  
Deniz Ozenbas ◽  
Michael S. Pagano ◽  
Robert A. Schwartz ◽  
Bruce W. Weber
Keyword(s):  
Market Structure ◽  
Price Discovery ◽  
Investment Decision ◽  
Equity Markets ◽  
Regulatory Environment ◽  
Trading Costs ◽  
Price Determination ◽  
Liquidity Trading ◽  
Portfolio Decision ◽  
Structure Regulation

AbstractTrading is the implementation of an investment decision. After a portfolio decision has been made by a portfolio manager, it must be implemented, and especially for handling large orders and navigating stressful markets, specific skills and responsibilities are needed that require the expertise of a professional trader. However, the efficiency with which orders are handled and turned into trades depends, not just on traders’ abilities, but also on a market’s liquidity, on the design of the marketplace where shares are traded, and on the regulatory environment. In this chapter, we cover trading costs, liquidity, volatility, price discovery, market structure, and market structure regulation.

Price Discovery and Trading Costs After Hours

2000 ◽  
Author(s):  
Michael J. Barclay ◽  
Terrence Hendershott
Keyword(s):  
Price Discovery ◽  
Trading Costs ◽  
After Hours
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