ESSAY 2: AN EXAMINATION INTO BUY-SELL ASYMMETRY OF PRICE BEHAVIOR AROUND TRADES AND TRADING COSTS OF TRADES: EVIDENCES FROM TH 1 THE ASYMMETRY OF PRICE BEHAVIOR AROUND BUY AND SELL TRADES: NEW
and sending buy orders of smaller sizes when prices are just below threshold prices. Misestimating the profitability of short-term trading strategy • The propensity to buy at threshold prices among some
Comments on: “Trading costs on the Stock Exchange of Thailand” Authors: Charoenwong C., Ding D.K., Jenwittayaroje N. Comments on: “Risk-taking behaviour during downturn: evidence of loss-chasing and
+ No.4 13 (Tang, 2004) Methodology (Cont.) 2.nd Trading strategy ▪ Buy and Hold ▪ Holding Periods (calendar) ▪ 1, 3, 6, 12, 36, 48 months ▪ MA(50,200 Day) ▪ ▪ BUY MA(50) > MA(200) ▪ Sell MA(50) < MA(200
of positive feedback trading, buy (sell) trades are more expensive to execute (i.e., incur higher total price impact) than sell (buy) trades on bullish (bearish) markets. • “Price impact asymmetry is
trail); (e) having a work system for enhancing and protecting the orderly operating mechanism of the trading system; (f) having a controlling mechanism to ensure that the service user who offers to buy or
security. MM is responsible for maintaining quotes and facilitating buy and sell transactions. Normal Trading (traditional & internet trading) Designated Market Making** Our focus Algorithmic Trading* HFT
selling and buying all types of debt securities with NR through sell-and-buy-back Equity Market 2006 The SET Index moved between 622.14 and 785.38 points during the year with an average daily trading value
Securities and Exchange Commission No. Sor Thor. 15/2558 Re: Rules in Detail related to Proprietary Trading of Intermediaries ___________________ By virtue of Section 98(7)(b) of the Securities and Exchange