Motivation • The measurement of asset value is arguably continuous, but trades can only occur at discrete prices. • Would the changes in tick sizes affect trading behavior of different investors? Motivation
found trading causes negative returns, yet investors continue to enter these bets. Excess trading is not the result of the same investors placing more trades, but new traders entering markets and
alternative for investors and fund raisers with an efficient mechanism for investor empowerment and, in its capacity as a firm and fair regulator, assure integrity of the marketplace, intermediaries and
efforts to enhance the roles and competitiveness of Thailand’s securities market in the global arena as well as its accessibility by both issuers and investors. It has also laid out measures to eliminate
● Development of Debt Instrument Secondary Market Expansion of Investor Base and Distribution Channels for Investors and Promotion of Investment Culture ● Additional Mutual Fund Management Licenses in the Thai
liable to account for the ill-gotten profits. However, a fiduciary duty does not imply that the person must place their client or investors’ interests before their own. INVESTMENT ADVISOR COMPANY: WHO IS
. (ESMA, 2016) • Traders that hold inventory overnight are more likely to benefit institutional investors by providing more sustained liquidity. (Putnins and Barbara, 2020) High activities Low activities
Business for Licensed Derivatives Dealers dated 1 June 2010; (30) The Notification of the Capital Market Supervisory Board No. Tor Thor. 25/2554 Re: Rules on Undertaking of Derivatives Business for Licensed
translation is strictly for reference. Notification of the Capital Market Supervisory Board No. TorThor. 23/2553 Re: Rules for Undertaking Derivatives Business for Licensed Derivatives Dealers By virtue of