Challenge of Information Technology for the Securities Markets: Liquidity, Volatility and Global Trading

Lucas Center for Research on Information Systems S, Salomon Brothers Center for the Study of Financial

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FOR FREE
AUTHOR
Lucas Center for Research on Information Systems S, Salomon Brothers Center for the Study of Financial
DATE
ISBN
9781556231605
LANGUAGE
ENGLISH
FILE FORMAT
11,34 MB
FORMAT
FB2 EPUB PDF

BOOK DESCRIPTION

Lucas Center for Research on Information Systems S is the author of 'Challenge of Information Technology for the Securities Markets: Liquidity, Volatility and Global Trading' with ISBN 9781556231605 and ISBN 1556231601.

...terest.Information technology, once a crucial element in streamlining paper flows andoperations, is now a strategic resource used in attracting or retaining market liquidity ... Robert A. Schwartz Books | List of books by author Robert ... ... .Established exchanges introduce technology to enhance their markets. New marketvenues challenge the status quo and rely on technology to ... 2.4. Challenges to a wider adoption of asset tokenisation 19 3. How can asset tokenisation disrupt the financial markets 24 3.1. Trading implications 24 3.2. Liquidity implications 27 3.3. Pricing implications 30 3.4. Implications for post-trade services: impact on clearing and settlement 32 3.5. ... Challenge of Information Technology for the Securities ... ... .1. Trading implications 24 3.2. Liquidity implications 27 3.3. Pricing implications 30 3.4. Implications for post-trade services: impact on clearing and settlement 32 3.5. The possible need for a central authority in a ... However, the main challenge in these markets is the lack of volume and liquidity compared to exchanges. OTC trades are also susceptible to speculative movements and volatility as an effect of current events. And because these securities are not subject to stringent regulatory requirements, there is less transparency, which can be a concern for institutional investors, thus limiting their ... The Taiwan securities market operates this way with stock trading every 5 seconds. Using such a model in other markets may bring some liquidity benefits, dependent on specific market factors such as trade size. Trade size across Asia varies and we note that India currently has one of the lowest trade size in the American securities markets, among the world's best in liquidity, efficiency, and fairness, should stand out in this expanded arena, provided they do not fall behind in technological and financial innovation. But securities trading on a global scale brings with it new risks, as well as beckoning opportunities. American investors and American regulators and policymakers are seeking to ... This paper analyzes how the daily opening and closing of financial markets affect trading volume. We model the desire to trade at the beginning and end of the day as a function of overnight return volatility. NYSE data from 1933-88 indicate that closing volume is positively related to expected overnight volatility, while volume at the open is ... general market fluctuations and the risks inherent in investment in securities markets. Investment markets can be volatile and prices of investments can change substantially due to various factors including, but not limited to, economic growth or recession, changes in interest rates, changes in the actual or perceived creditworthiness of issuers, and general market liquidity. The Fund is ......