), • Domestic mutual funds (M) • Foreign investors (F) • The sample period of our study is between 2002 and 2008. Measurement • There are three measures which we will use to gauge imbalance: 1. Order volume 2

development of new products with more complexity which requires additional criteria; for instance, structure of return on investment and warning of complex features and significant specific risks associated

Projected Quantity = 159,100 Projected Quantity = 190,400 Imbalance = +8,300 Imbalance = -6,400 Call Auction Market Mechanism 5 Projected Price Variables During the Call Markets • Order submission • Order

decision. ?The Basel III tier 2 instruments? complexity and associated risks are different from those of plain debt securities because the holders will be forced to convert them into common shares if the

high net worth individual only. To widen investors? investment choices of increasing return or creating variety and complexity of investment strategy, the AI funds will be allowed to invest in

size of orders submitted to a market for each security. abs_imbalance The absolute imbalance of buy and sell orders over the day, expressed as a percentage of turnover, for each security These results

efficiency and practicality for the industry. On the salesperson side, the focus will be to enhance quality by recategorizing sales licenses according to levels of risk and complexity of the products. The

, volume, complexity and range of businesses and services as well as associated risks. Zipmex is required to fully comply with the order within three days as from the date on which the SEC notifies the

committees to obtain sufficient qualitative information from audit firms to support the selection of suitable auditors for the size and complexity of their business, ensure transparency, and promote the

clearly reflect its importance in the way that they compensate their audit partners. Imbalance between human resources and workloads Shortage of human resources in audit professions has been such a constant