English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 109952/140903 (78%)
Visitors : 46052790      Online Users : 756
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    政大機構典藏 > 商學院 > 財務管理學系 > 期刊論文 >  Item 140.119/72676
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/72676

    Title: Trading Mechanisms and Trading Preferences on a 24-hour Futures Markets: A Case Study of the Floor/GLOBEX Switch on MATIF
    Authors: 李志宏
    Chow, Edward H;Lee, Jie-Haun;Shyy, Gang
    Contributors: 財管系
    Keywords: MATIF;GLOBEX;Microstructure;Interest rate futures;Trading mechanism
    Date: 1996-06
    Issue Date: 2015-01-08 17:30:15 (UTC+8)
    Abstract: MATIF is the only major exchange offering a 24-hour non-interrupted trading cycle accommodating two distinct non-overlapping trading mechanisms. We find that trading volume on the floor is significantly higher than that on GLOBEX around the switch of trading mechanism. GLOBEX is mainly used by institutions to hedge their cash positions. The higher trading volume on the floor may be attributed to several factors: trade immediacy vs. transaction cost, liquidity trading by locals, inertia to trade under a new mechanism, and transparency vs. anonymity. In addition, the floor`s open is unique with large interday return volatility.
    Relation: Journal of Banking & Finance, 20(10), 1695-1713
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1016/S0378-4266(96)00015-5
    DOI: 10.1016/S0378-4266(96)00015-5
    Appears in Collections:[財務管理學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    16951713.pdf1053KbAdobe PDF21079View/Open

    All items in 政大典藏 are protected by copyright, with all rights reserved.

    社群 sharing

    著作權政策宣告 Copyright Announcement
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback