scholarly journals Detecting Informed Trading Activities in the Options Markets: Appendix on Subprime Financial Crisis

2012 ◽  
Author(s):  
Marc Chesney ◽  
Remo Crameri ◽  
Loriano Mancini
Keyword(s):  
Financial Crisis ◽  
Informed Trading ◽  
Options Markets ◽  
Trading Activities

scholarly journals Detecting Informed Trading Activities in the Options Markets

2012 ◽  
Author(s):  
Marc Chesney ◽  
Remo Crameri ◽  
Loriano Mancini
Keyword(s):  
Informed Trading ◽  
Options Markets ◽  
Trading Activities

Informed trading around merger and acquisition announcements: Evidence from the UK equity and options markets

2010 ◽  
Vol 31 (8) ◽  
pp. 703-726 ◽  
Author(s):  
Spyros Spyrou ◽  
Andrianos Tsekrekos ◽  
Georgia Siougle
Keyword(s):  
Merger And Acquisition ◽  
Informed Trading ◽  
Options Markets ◽  
Acquisition Announcements ◽  
The Uk

scholarly journals Informed Trading of Futures Markets During the Financial Crisis: Evidence from the VPIN

2017 ◽  
Vol 9 (9) ◽  
pp. 123 ◽  
Author(s):  
Yen-Hsien Lee ◽  
Wen-Chien Liu ◽  
Chia-Lin Hsieh
Keyword(s):  
Financial Crisis ◽  
Institutional Investors ◽  
Special Kind ◽  
Informed Trading ◽  
Individual Level ◽  
Day Of The Week ◽  
Foreign Institutional Investors ◽  
The Individual ◽  
Probability Of Informed Trading ◽  
The Impact

This paper examines the impact of informed trading on futures returns during the 2008-2009 financial crisis. To precisely capture the informed trading in the highly volatile market during this period, we adopt the Volume-Synchronized Probability of Informed Trading (VPIN) of Easley, Hvidkjaer and O’Hara (2012) as our main measurement for informed trading. Besides, we also use a unique transaction dataset with investor identity to classify investors into domestic and foreign institutional investors, which the foreign institutional investors are supposed to be characterized by a higher degree of informed trading. Our empirical results show that the VPIN of foreign institutional investors has indeed significantly positive impacts on futures returns at the individual level. By contrast, the effect of the VPIN of domestic institutional investors on futures returns is only significant on Wednesdays, which could be seen as a special kind of day-of-the-week effect.

scholarly journals ARTIFICIAL INTELLIGENCE IN STOCK MARKET INVESTMENT

2021 ◽  
Vol 28 (3) ◽  
pp. 96-100
Author(s):  
Badri Narayan Mohapatra ◽  
◽  
Bhagwat Nagargoje ◽  
Prajwal Zurunge ◽  
Suraj More ◽  
...  
Keyword(s):  
Artificial Intelligence ◽  
Financial Crisis ◽  
Stock Market ◽  
Financial Market ◽  
Purchase Decision ◽  
Stock Selection ◽  
Trading Activities ◽  
Stock Market Investment ◽  
Return Value ◽  
Selection Of

This study investigates the selection of stock from huge stock markets and by using good selection tools so that it will give a good return value. It helps investor to find an easy decision regarding their investment in stock market individually with effective collection of trading activities. Many artificial intelligence (AI) techniques are untested in the financial crisis scenario. This research really helpful to the investor in the stock selection and stock purchase decision. AI is also a one of the hottest topic for most industries, researchers and investors. The financial market is easy to analyze with multiple charts, due to the application of artificial intelligence.

Speculation or Insider Trading: Informed Trading in Options Markets Preceding Tender Offer Announcements

2000 ◽  
Author(s):  
Tom Arnold ◽  
Gayle R. Erwin ◽  
Lance A. Nail ◽  
Ted Bos
Keyword(s):  
Insider Trading ◽  
Informed Trading ◽  
Options Markets ◽  
Tender Offer

Informed Trading Surrounding Data Breaches in Options Markets

2019 ◽  
Author(s):  
Louis R. Piccotti ◽  
Heng Wang
Keyword(s):  
Informed Trading ◽  
Options Markets ◽  
Data Breaches

The Price of Street Friends: Social Networks, Informed Trading, and Shareholder Costs

2016 ◽  
Vol 51 (3) ◽  
pp. 801-837 ◽  
Author(s):  
Jie Cai ◽  
Ralph A. Walkling ◽  
Ke Yang
Keyword(s):  
Social Ties ◽  
Leisure Activities ◽  
Informed Trading ◽  
Trading Costs ◽  
Natural Experiments ◽  
Positive Relation ◽  
Privileged Information ◽  
Trading Activities ◽  
Stock Transaction ◽  
The Cost

AbstractRecent studies suggest the transfer of privileged information via social ties but do not explicitly examine the cost of these ties to shareholders. We document a significant positive relation between stock transaction costs and a company’s social ties to the investment community. Social ties based on education and leisure activities, stronger ties, and ties to individuals responsible for trading have greater effects. Using investment connection deaths as natural experiments, we document that exogenous severance of ties reduces trading costs and trading activities by connected parties. Our evidence illustrates an important and previously undocumented consequence of social ties.

Informed trading in S&P index options? Evidence from the 2008 financial crisis

2017 ◽  
Vol 42 ◽  
pp. 40-65 ◽  
Author(s):  
Wei-Xuan Li ◽  
Joseph J. French ◽  
Clara Chia-Sheng Chen
Keyword(s):  
Financial Crisis ◽  
Informed Trading ◽  
2008 Financial Crisis ◽  
Index Options ◽  
P Index ◽  
The 2008 Financial Crisis

scholarly journals Corporate governance and the divergence of learning channels

2011 ◽  
Vol 8 (3) ◽  
pp. 9-17
Author(s):  
William Ming Yan Cheung ◽  
Adrian Lei ◽  
Libin Tao
Keyword(s):  
Corporate Governance ◽  
Stock Prices ◽  
Stock Price ◽  
Informed Trading ◽  
Market Liquidity ◽  
Price Informativeness ◽  
Cross Sectional ◽  
Bid Ask Spread ◽  
Trading Activities ◽  
Stock Price Informativeness

We study the relation between corporate governance, market liquidity and stock price informativeness. Firms with more informative stock prices are associated with larger transaction volume, larger bid-ask spread and better corporate governance. Thisliquidity-informativeness relation is significant for firms with high antitakeover provision (bad corporate governance). However, bid-ask spread is insignificantly associated withprice informativeness for firms with less antitakeover provision (good corporate governance). This supports that firm-specific return variation better measures stock price informativeness when firm has strong corporate governance framework. Our results suggest that (i) more (less) informed trading activities associated with weak (strong) corporate governance, and (ii) corporate governance explains the cross-sectional variation in information efficiency of stock prices. Our results are consistent with theories in financial market learning that investor learn from informed trading activities associated with weak governance firms and informative disclosure from strong governance firms.

Sign in / Sign up

Export Citation Format

Share Document