01258nas a2200169 4500008004100000245006800041210006600109260000900175300001200184490000700196520071400203653001200917100002000929700001700949700001600966856010600982 2014 eng d 00 aWhat makes when-issued trading attractive to financial markets? 0 aWhat makes whenissued trading attractive to financial markets c2014 a245-271 0 v23 3 aWhen-issued trading is the trading of securities prior to the actual issue of the security. When-issued trading is active around the world and in a variety of equity and bond markets. In this survey, we provide a general description of when-issued trading, analyze benefits and costs in various financial markets, present existing theoretical models and predictions, and synthesize empirical findings. We find that when-issued trading promotes price discovery, mitigates information asymmetry, provides convenience for trading ahead of the actual issue of the security, and in some markets reduces volatility. In addition, we offer policy implications and suggest directions for further research in this area. 10 aFinance 1 aBrooks, Raymond 1 aKim, Yong, H 1 aYang, Jimmy u/biblio/what-makes-when-issued-trading-attractive-financial-markets-0 01149nas a2200181 4500008004100000245005600041210005100097260000900148300001200157490000700169520062000176653001200796653001700808100002100825700001700846700001600863856008800879 2009 eng d 00 aThe magnet effect of price limits: a logit approach 0 amagnet effect of price limits a logit approach c2009 a830-837 0 v16 3 aWe investigate the magnet effect of price limits using transaction data from the Taiwan Stock Exchange. A logit model incorporates explanatory variables from microstructure literature and reveals that the conditional probability of a price increase (decrease) increases significantly when the price approaches the upper (lower) price limit, in support of the magnet effect. Our approach recognizes when the magnet effect starts to emerge and identifies possible determinants of magnet effect. The probability of information-based trading has a significant impact on the magnet effect for lower price limits.
10 aFinance 10 aSupply Chain 1 aHsieh, Ping-Hung 1 aKim, Yong, H 1 aYang, Jimmy u/biblio/magnet-effect-price-limits-logit-approach-0 00467nas a2200121 4500008004100000245007200041210006900113260001700182653001200199100001600211700001700227856010100244 2006 eng d 00 aCooling-off effect of price limits: evidence from transactions data 0 aCoolingoff effect of price limits evidence from transactions dat aBoston c2006 10 aFinance 1 aYang, Jimmy 1 aKim, Yong, H u/biblio/cooling-effect-price-limits-evidence-transactions-data-0