Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5107364 | Research in International Business and Finance | 2017 | 25 Pages |
Abstract
The results show some tendency toward markets actually splitting into two-tiers: they confirm previous findings of HF traders' tendency to deal with their similar counterparts in case of thin bid-ask spread (which means higher probability of profits for the aggressive side), leaving mostly LF traders to deal amongst themselves when the spread is wider, so aiming at long-term gain (which makes trading inherently riskier).
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Gianluca Virgilio,