In this paper, the stochastic dominance theory is applied to test the dominance relations among program trading
strategies and select the optimal program trading
strategy for investors, judge the profitability of program trading
strategies and thus verify the efficiency of China's stock market indirectly.
encompasses a wide range of portfolio-trading strategies involving the purchase or sale of a basket of at least 15 stocks.
Portfolio insurance and program trading
along with a lack of investor confidence, drove the Dow Jones down 508 points.
The idea is to avoid providing numbers that will just prompt program trading
Previous researchers have considered the possible effect of program trading
on volatility, a proposition which requires a model for the natural evolution of volatility.
Asked to identify their concerns, respondents most frequently mentioned program trading
, volatility, and their feeling that the market was controlled by large institutional investors.
Something more like scoring public relations points by capitalizing on the public's misconceptions about program trading
Although program trading
has become a catch-allphrase, it usually refers to "arbitrage," which sounds daring but is actually a strtegy that institutional investors can use to lock in risk-free profits by exploiting differnces that develop between the value of teh actual stocks and the futures contract.
The Program Trading
Desk will specialize in the trading of equity portfolios leveraging the firm's electronic platform.
Make no mistake about it, the long-run survival and vitality of our domestic securities market does not depend primarily on the introduction of circuit breakers, prohibitions on program trading
, restrictions on index arbitrage, tighter short-sale restrictions, or any other intrusive regulatory mechanisms.
CHICAGO & NEW YORK -- HTG Capital Partners, LLC (HTG) announced today that it is actively seeking program trading
proposals from the trading community, including commodity trading advisors and programmers.
At BarCap, Di Iorio will oversee the firm's equities trading business in Asia-Pacific, including cash equities, convertibles, derivatives, arbitrage and program trading