The Impact of Electronic-trading on the Relative Informational Efficiency of Index Futures Market

The Impact of Electronic-trading on the Relative Informational Efficiency of Index Futures Market
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Total Pages : 24
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ISBN-10 : OCLC:57541669
ISBN-13 :
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Book Synopsis The Impact of Electronic-trading on the Relative Informational Efficiency of Index Futures Market by : Kwok-wah Fung (Joseph)

Download or read book The Impact of Electronic-trading on the Relative Informational Efficiency of Index Futures Market written by Kwok-wah Fung (Joseph) and published by . This book was released on 2004 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:


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This paper shows that traders in index futures markets are positive feedback traders - they buy when prices increase and sell when prices decline. Positive feed