Trading mechanisms and trading preferences on a 24-hour futures market: a case study of the Floor/GLOBEX switch on MATIF

Article Abstract:

MATIF provides a 24-hour non-interrupted trading cycle through two distinct trading mechanisms, namely, an open-outcry system on the floor and after- hours trading through an automated continuous auction system on GLOBEX. Trading volume on the floor was found to be considerably higher than trading conducted on GLOBEX around the switch of trading mechanism. This can be due to a number of factors, including trade immediacy against transaction cost, liquidity trading by locals, transparency vs. anonymity and inertia to trade under a new mechanism.

Interest rate futures

---

X-efficiency in Australian banking: an empirical investigation

Article Abstract:

A study of Australian banking is presented with emphasis on the X-efficiency. Technical and allocative efficiency were examined empirically and the results, which show that Australian banks were more inefficient than European banks, are presented.

Banking industry, Australia, Finance

---

Efficiency of the Dojima rice futures market in Tokugawa-period Japan

Article Abstract:

A study of one of the world's earliest futures markets in rice at Dojima in Osaka, Japan, between 1760 and 1864 is presented. Historical data about the market was analysed using co-integration to determine its efficiency and other features.

Economic aspects, Osaka, Japan

Similar abstracts:

• Abstracts: Accounting, controls, change and the perceptions of managers: a longitudinal study of ward units in a teaching hospital
• Abstracts: Reasons for high food prices in small market areas: the case of Aland Islands. The Impact of Wal-Mart Supercenters on Supermarket Concentration in U.S. Metropolitan Areas
• Abstracts: Cyclic mechanical strain regulates the development of engineered smooth muscle tissue. Bar-coding ciomolecules with fluorescent nanocrystals
• Abstracts: Venture capital investing in Florida. Managing financial risk and uncertainty: The case of venture capital and buy-out funds
• Abstracts: Japanese direct foreign investment in agricultural industries: a review of some recent developments. Determinants for foreign direct investment in the food industry: the case of Poland

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.