A trading desk's view of market quality by Robert Alan Schwartz, John Aidan Byrne, Antoinette Colaninno PDF

By Robert Alan Schwartz, John Aidan Byrne, Antoinette Colaninno

ISBN-10: 0387231145

ISBN-13: 9780387231143

ISBN-10: 1402075103

ISBN-13: 9781402075100

This e-book is predicated at the lawsuits of a one-day convention on marketplace caliber, held on the Zicklin tuition of commercial on April 30, 2002. the various questions addressed during this e-book are: How should still industry caliber be outlined, measured, monitored and more suitable? what's the facts concerning the present kingdom of our markets? How powerful have fresh thoughts been? How will we larger meet our investor wishes?

Show description

Read Online or Download A trading desk's view of market quality PDF

Similar nonfiction_4 books

Get Complete Guide to Treants (d20 System) PDF

What occurs whilst a woodland dies? Its treant swears vengeance. know about the darkish aspect of treants: fury, hatred, revenge, and the charred, undead creatures left at the back of whilst a treant burns! the total advisor to Treants is a stand-alone, world-neutral sourcebook protecting every thing you ever desired to learn about treants.

Download e-book for kindle: Seminar on Fission: Corsendonk Priory, Belgium, 18-21 by Cyriel Wagemans, Jan Wagemans, Pierre D'Hondt

This convention is the 6th in a sequence of topical conferences facing the nuclear fission technique, ordinarily at low excitation power. in the course of those conferences, real subject matters are mentioned by way of a bunch of specialists. those lawsuits supply an outline of the subjects handled on the convention and allow a fast review of the present actions within the box.

Download PDF by Lewis A. Lawson: Still following Percy, Volume 1995

Whilst critics first started to reply to the fiction of Walker Percy, they often refarded it as a fiction of rules. the main major subject matters have been Percy's non secular, philosophical, and cultural ideals. Such conceptions of the fellow have been grounded in his personal essays, a style which in his fingers tended towards the impersonal and the summary.

Additional resources for A trading desk's view of market quality

Sample text

If there is no liquidity in the underlying stock, there is an accentuated volatility for the underlying stock. This is an increased volatility for the options trader, and volatility is very important for options trading. However, as Tom just said, people do not trade options just for the sake of trading and speculating. Some participants trade to hedge. You cannot establish the hedge very easily in an illiquid market. In that respect, what you alluded to as bad volatility won’t help the options market at all.

About 2/3 of the time, volatility was between 40% and 50%, and indeed the highest individual bar is about 45%. This is a pretty tight compression of volatility as we measure it in the options business. We can also look at the implied volatility and compare it to the historical volatility of an underlying stock. Exhibit 22 shows an overlay of both the implied volatility (in this case it is a solid line), and the historical volatility (a dotted line). Exhibit 22. AOL 2001-02 Historical and Implied Volatility (30 Day) In 2001-2002, volatility ranged from a low of about 30% to a high of about 90%.

Do you think that consolidation would hurt or help market efficiency? SCHWARTZ: I could respond to that, but I have a better idea. Luca Filippa is here from the Borsa Italiana. Luca is a lot closer to what is going on in Europe. Luca, would you care to answer? LUCA FILIPPA15 [From the Floor]: Sure, thanks, Bob. Sharon Salamon has posed the one million dollar question in Europe. The efficiency of price discovery in European exchanges is quite good now. As you know, we had a large discussion in the year 2000 on a potential alliance between the eight major exchanges.

Download PDF sample

A trading desk's view of market quality by Robert Alan Schwartz, John Aidan Byrne, Antoinette Colaninno

by Robert

Rated 4.41 of 5 – based on 41 votes