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https://ptsldigital.ukm.my/jspui/handle/123456789/783647| Title: | Trading mechanisms, speculative behavior of investors, and the volatility of prices |
| Authors: | Hun Y. Park |
| Conference Name: | Pacific-Basin Finance Conference |
| Keywords: | Trading mechanisms |
| Conference Date: | 1990-06-04 |
| Conference Location: | Bangkok, Thailand |
| Abstract: | IIt has been generally well-known that opening prices are more volatile than closing prices in the stock market, and that the intraday volatility pattern is U-shaped. The different volatilities around the opening and closing times have often been attributed to the different trading mechanists by which the prices are determined: the opening transactions in the NYSE represent the outcome of an auction trading procedure, whereas closing prices are determined by the market-makers. |
| Pages: | 12-13 |
| Call Number: | HC681.P338 1990 katsem |
| URI: | https://ptsldigital.ukm.my/jspui/handle/123456789/783647 |
| Appears in Collections: | Seminar Papers/ Proceedings / Kertas Kerja Seminar/ Prosiding |
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