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Author: Allen B. Atkins Publisher: ISBN: Category : Languages : en Pages :
Book Description
Trading volume for common stocks is of interest to financial economists, investors, and securities lawyers. NASDAQ is a dealer market where trades with dealers are included in reported trading volume. This procedure does not accurately measure the volume of trading by public buyers and sellers. Trading volume reported on the New York Stock Exchange (NYSE), which is primarily an auction market, provides a much closer measure of trades by public investors. We examine a sample of firms whose stock traded on the NASDAQ National Market System (NMS)and subsequently on the NYSE. When trading switches to the NYSE, the firms' trading volumes drop to about 50 percent of the volume previously reported on NASDAQ. A control group of firms that switch from the American Stock Exchange (AMEX) to the NYSE shows a small, but statistically insignificant, increase in trading volume.
Author: Allen B. Atkins Publisher: ISBN: Category : Languages : en Pages :
Book Description
Trading volume for common stocks is of interest to financial economists, investors, and securities lawyers. NASDAQ is a dealer market where trades with dealers are included in reported trading volume. This procedure does not accurately measure the volume of trading by public buyers and sellers. Trading volume reported on the New York Stock Exchange (NYSE), which is primarily an auction market, provides a much closer measure of trades by public investors. We examine a sample of firms whose stock traded on the NASDAQ National Market System (NMS)and subsequently on the NYSE. When trading switches to the NYSE, the firms' trading volumes drop to about 50 percent of the volume previously reported on NASDAQ. A control group of firms that switch from the American Stock Exchange (AMEX) to the NYSE shows a small, but statistically insignificant, increase in trading volume.
Author: Edward Alexander Dyl Publisher: ISBN: Category : Languages : en Pages :
Book Description
Historically, trading volume reported for NASDAQ stocks has been overstated vis-a-vis New York Stock Exchange (NYSE) stocks, due both to the dealer's participation in trades as a market maker and to interdealer trading. Beginning in 1997, the Securities and Exchange Commission (SEC) changed order handling rules and trade reporting rules, which may have reduced or eliminated the overstatement of NASDAQ trading. We examine trading volumes of firms changing from NASDAQ to the NYSE since 1997 and document that reported trading volume for NASDAQ stocks continues to be overstated. Moreover, the degree of overstatement is much larger for firms with high trading volume.
Author: Yakov Amihud Publisher: Beard Books ISBN: 1587981637 Category : Business & Economics Languages : en Pages : 338
Book Description
This is a reprnit of a previously published book. it deals with changes on the U.S. financial market by the Securities Acts Amendment of 1975.
Author: Mark Leibovit Publisher: McGraw Hill Professional ISBN: 0071753761 Category : Business & Economics Languages : en Pages : 464
Book Description
Learn how to translate the "language" of volume! Mark Leibovit, a leading market strategist and technical analyst with more than 35 years of trading experience, possesses a solid track record of predicting important movements in the financial market—including Black Monday of 1987, the bear markets of 2000 and 2008, and the “flash crash” of May 2010. Now, with The Trader’s Book of Volume, his secrets are yours! Focusing exclusively on volume technical analysis, The Trader’s Book of Volume describes the basics of volume, explains how to use it to identify and assess the strength of trade-worthy trends, and provides in-depth techniques and strategies for trading volume indicators for profit. With more than 400 charts and graphs, The Trader’s Book of Volume also exhaustively illustrates how readers can profit from a wide array of volume indicators, including: Broad Market Volume Indicators—Cumulative Volume Index, ARMS Index, Upside-Downside Volume, Nasdaq/ NYSE Volume Ratio, Yo-Yo Indicator Volume Indicators—Accumulation/ Distribution, Intraday Intensity, Negative Volume Index, On-Balance Volume, Open Interest Volume Oscillators—Klinger Oscillator, Chaikin Money Flow, Ease of Movement, Volume Oscillator Leibovit Volume Reversal IndicatorTM, the author’s proprietary methodology Under the author’s expert guidance, you can seamlessly incorporate Volume Analysis into your day-to-day trading program. Without a proper approach to Volume Analysis, Leibovit asserts, you’re essentially trading in the “land of the blind.” Use The Trader’s Book of Volume to gain the clearest view possible of market trends and react to them with the confidence and smarts for consistent trading success—and avoid every market crash the future holds.
Author: Robert A. Schwartz Publisher: Springer Science & Business Media ISBN: 0387231145 Category : Business & Economics Languages : en Pages : 207
Book Description
This book is based on A Trading Desk’s View of Market Quality, a conference hosted by the Zicklin School of Business on April 30, 2002. The text includes the edited transcripts of each panel as well as separate presentations by two distinguished industry officials, Joel Steinmetz, who at the time was Senior Vice President, Equities, Instinet Corporation, and Laura Unger, formerly Acting Chairperson and Commissioner of the U.S. Securities and Exchange Commission. This book is not simply a historical record of the conference. It is also an exposition of the complex issues raised by the industry experts and speakers in attendance. Therefore, we introduced new material from foll- up interviews with many of the panelists so that the final result would be a more valuable document. Our intention was to examine the discussions with a critical eye, then modify or expand various sections to reflect contemporary conditions. In addition, we have included a paper by Ozenbas, Schwartz and Wood (see Chapter 8, page 151) that provides further analysis on the connection between market quality and intra-day 1 volatility that was noted several times during the conference. During the production process, we worked with the panelists, and took pains not to put words in their mouths. They have all approved the final draft of the manuscript, and we thank them for their assistance and patience.
Author: Allen B. Atkins
Author: Allen B. Atkins
Author: Edward Alexander Dyl
Author: Hans R. Stoll
Author: Yakov Amihud
Author: Mark Leibovit
Author: Henrik Carl Schmidt
Author: United States. General Accounting Office
Author: Cyril O
Author: Allan William Kleidon
Author: Robert A. Schwartz