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Miscellaneous
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| Number of pages / Number of words: |
13 / 3639 |
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They also investigated the implications for this connection between markets.
David Easley, Soeren Hvidkjaer and Maureen O'Hara published a paper in October of 2002 analyzing the effect of information-based trading on asset returns. Using a rational expectation example, they showed how private information affects equilibrium asset returns...
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Their main result was that information does affect asset prices.
II. Cream-Skimming or Profit-Sharing? The Curious Role of Purchased Order Flow
David Easley, Nicholas M. Kiefer and Maureen O'Hara
This article begins with the discussion of the global capital markets and the striking feature of proliferation of trading venues...
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