Tests of microstructural hypotheses in the foreign exchange market

Article Abstract:

Use of a Bayesian model of pricing behavior results in the observation that order flow has a dual influence on prices of foreign exchange in accordance to microstructure theory. Inventory control and assymetric information are the two determinants of price behavior with the former exerting a stronger influence. Foreign exchange dealers are observed to rely heavily on inventory control in their trading activities.

Inventory control

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Just another day in the inter-bank foreign exchange market

Article Abstract:

Research is presented describing the theory used to determine the highs and lows of inter-bank marketing on a day trading basis and the factors determining such swings in price.

Methods, Foreign exchange, Foreign-exchange brokers, Foreign exchange brokers

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Dealer behavior and trading systems in foreign exchange markets

Article Abstract:

Microstructure method to examine the trading methods of dealers to manage inventory control in foreign exchange markets is presented.

Norway, Functions related to deposit banking, Foreign Exchange Dealers, Commodity Contracts Dealing, Behavior

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