A multifractal detrended fluctuation analysis of trading behavior of individual and institutional traders in Tehran stock market

► Multiracial properties of trading in the Tehran Stock Exchange (TSE) are studied. ► We also compare trading behavior of TSE with S&P 500. ► The source of multifractality in both markets are contrasted and discussed. ► In TSE, multifractality is more due to long-range correlation. ► For S&P 500, the fat-tailed probability distribution is the main source of multifractality.