Financial markets and public information

The last decades have seen dramatic changes in trading technology and the way that financial markets operate. As trading technology advances, news providers have kept pace and deliver news to market participants around the world within fractions of a second using electronic systems. Currently, most...

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Year of Publication:2011
Language:English
Physical Description:1 electronic resource (XI, 173 p. p.)
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520 |a The last decades have seen dramatic changes in trading technology and the way that financial markets operate. As trading technology advances, news providers have kept pace and deliver news to market participants around the world within fractions of a second using electronic systems. Currently, most news is still interpreted by humans but news providers have started to offer newswire products with machine learning systems that specifically cater to algorithmic traders. In practice, newswire messagesmake up a major part of the public information set available to investors. This book studies how newswire messages impact modern electronic equity markets. 
546 |a English 
653 |a Firm Specific News 
653 |a Liquidity 
653 |a Comovement 
653 |a Price Discovery 
653 |a Fragmentation 
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