The MiFIR Trading Obligation: Impact on Trading Volume and Liquidity in Electronic Trading

Author(s):  
Peter Gomber ◽  
Benjamin Clapham ◽  
Jens Lausen ◽  
Sven Panz
Author(s):  
Amit Sinha ◽  
Eurico J. Ferreira ◽  
Ronald Green

The last few decades have witnessed the transformation of financial markets in the United States. Electronic trading markets have now surpassed floor-based trading systems in terms of both trading volume and importance. The growth in technology-driven markets has led universities to evaluate and establish financial trading rooms in their College or School of Business. In this paper we discuss the purpose of such a room, the need for one, and how such a room fits into the overall mission of ‘excellence in teaching’ of a general College or School of Business. We find that the two most important factors to consider for a successful trading room program are faculty and curriculum.


2016 ◽  
Vol 8 (2) ◽  
pp. 24-45
Author(s):  
Tania Hayu Safira ◽  
Febryanti Simon

This study is event study that was conduct to examine the differences of abnormal return, trading volume, trading frequency and bid-ask spread before and after the events of share split. The object of this research is the companies that did share split and listed in Indonesia Stock Exchange in 2008 - 2015. The samples are 30 companies chosen by purposive sampling method. The criteria are the company did not do corporate action right issue, pre-emptive rights, a share dividend and bonus shares in the same year with share split. Event window used in this study was 30 days consisting of 15 days before and 15 days after the share split. Data analysis technique begins with a test of normality using Kolmogorov – Smirnov and transform for unnormally distributed data. Then, test of hypothesis using Paired t – test to compare the differences before and after share split. The results of this study showed that volume trading activity and trading frequency had significant differences before and after the share split. While, variable abnormal return and bid-ask spread had not significant differences before and after the share split. Keywords: Abnormal return, bid-ask spread, share split, trading frequency, trading volume.


Author(s):  
Aleksandr Mitin

The article discusses the possibilities of automation of legal activities. Special attention is paid to the new branch of the business LegalTech, which allows providing legal services using information technology. Some projects in this area are briefly described: FreshDoc document designer, VideoContract app, and electronic trading platforms such as Legal Space and Pravoved.Ru. Although the legal community is not quite ready to work in such conditions, higher education institutions are already reforming their curricula, developing disciplines that allow gaining professional competence in introducing technologies that automate legal work, and so on. The author, in turn, offers using chat bots in legal clinics, gives examples of new disciplines for master’s degree programs, considers the idea of passing final examinations outside universities in certification centers, etc. It is emphasized that in jurisprudence there are a lot of typical situations in which typical decisions need to be made, and here artificial intelligence will be a good helper, and scientists will have more time to undertake a comprehensive analysis of law. Thus, even with the advent of new technologies, the creative work of lawyers will always be in demand.


2019 ◽  
Vol 32 (2) ◽  
pp. 149-186
Author(s):  
Mhin Kang ◽  
◽  
Joon Chae

2007 ◽  
Author(s):  
Jeff Brown ◽  
Douglas K. Crocker ◽  
Stephen R. Foerster

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