independently and without bias, advancing beneficiary or client interests as their primary obligation. 1.3 Capacity and effective management Institutional investors should be led by boards and staff with the
Asymmetry (con’t) • Theoretical prediction about the role of individual stocks’ return history – Saar (2001) argues that the longer the run of price appreciation a stock experiences, the lower the buy-sell
Prioritise Advancing the Best Interest of Clients 40 Principle 3 Make Informed Investment Decisions and Engage in Active Ongoing Monitoring of Investee Companies 42 Principle 4 Apply Enhanced Monitoring of and
responsive to the different needs of market participants without unfairly advancing the interests of any particular group to the disadvantage of others; Promptly deal with identified issues and misconduct
independently and without bias, advancing beneficiary or client interests as their primary obligation. Governing bodies, and where relevant, individuals in a fiduciary position of responsibility for ultimate
market makers "1"' 2 ) 1/+ J0 long position (.(6.#K$1+rEE a (average current bid price) short position (.(6.#) +rEE a (average current offer price) 2.2.2 u*U (theoretical price) 2.2.2.1 "#1-2 !4"2
strings (See appendix A for the theoretical development). 11 This theoretical development introduces necessary and sufficient conditions for an earnings string (Yao, 2014). Lastly, this analysis provides an
addition, the gap between the market value and the theoretical value decreases, improving market efficiency. + order anticipation strategies • การท าหน้าที่ของ market makers ใน DW จะท าการส่งค าส่ังซือ้ขาย
ให้เป็นหนึ่งในผลงานสำคัญ (key deliverables) ของภาคการเงิน ในวาระการเป็นประธานอาเซียนของไทย ภายใต้แนวคิด “Advancing Partnership for Sustainability" โดยได้รับการรับรองจากที่ประชุมรัฐมนตรีว่าการกระทรวงการ
Community (AEC), and the advancing digital age amid the rapid pace of technological advancement, thus leading to changing customer behavior, regulatory changes and life platform-driven competition. Given the