Effects of Electronic Trading on the Hang Seng Index Futures Market

Effects of Electronic Trading on the Hang Seng Index Futures Market

This paper investigates the effects of the migration of the Hang Seng Index futures from open-outcry trading to electronic trading. Using trade data over a window of six months we find evidence that, after the migration, the bid-ask spread of the futures contract decreases and the contribution of th...

Full description

Saved in:
Bibliographic Details
Main Authors: FUNG, Joseph, LIEN, Donald, TSE, Yiuman, TSE, Yiu Kuen
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2003
Subjects:
Electronic trading
Hang Seng Index futures
Hong Kong
Asian Studies
Econometrics
Finance
Online Access:https://ink.library.smu.edu.sg/soe_research/780
https://ink.library.smu.edu.sg/context/soe_research/article/1779/viewcontent/FLTT.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/780
https://ink.library.smu.edu.sg/context/soe_research/article/1779/viewcontent/FLTT.pdf

Similar Items