Effects of Electronic Trading on the Hang Seng Index Futures Market

Effects of Electronic Trading on the Hang Seng Index Futures Market

This investigation of the switch from open-outcry trading to electronic trading on the Hang Seng Index (HSI) futures contract reveals that the bid–ask spread narrows and the futures price plays more of a role in information transmission. Factors, such as anonymity in trading and fast order execution...

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Bibliographic Details
Main Authors: FUNG, Joseph K. W., LIEN, Donald, TSE, Yiuman, TSE, Yiu Kuen
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2005
Subjects:
Electronic trading
Hang Seng Index futures
Hong Kong
Asian Studies
Econometrics
Finance
Online Access:https://ink.library.smu.edu.sg/soe_research/453
https://ink.library.smu.edu.sg/context/soe_research/article/1452/viewcontent/1_s2.0_S1059056004000395_main.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/453
https://ink.library.smu.edu.sg/context/soe_research/article/1452/viewcontent/1_s2.0_S1059056004000395_main.pdf

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