IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789812701213_0006.html
   My bibliography  Save this book chapter

Intraday Trading of Island (As Reported to the Cincinnati Stock Exchange) and NASDAQ

In: Advances In Quantitative Analysis Of Finance And Accounting New Series

Author

Listed:
  • Van T. Nguyen

    (University of Mississippi, College of Business, Holman Hall University, MS 38677, USA)

  • Bonnie F. Van Ness

    (University of Mississippi, College of Business, Holman Hall University, MS 38677, USA)

  • Robert A. Van Ness

    (University of Mississippi, College of Business, Holman Hall University, MS 38677, USA)

Abstract

On March 18, 2002, Island began reporting its trades to the Cincinnati Stock Exchange. This change in reporting allows us to examine Island's trading behavior. We find distinct intraday patterns for the number of trades and volume. Both NASDAQ and Island exhibit intraday U-shaped patterns for the number of trades and volume, however, the difference in the two also shows a U-shaped pattern. In addition, we analyze the probability of informed trading around the reporting change. We find no difference in the probability of informed trading on NASDAQ and Island following the change, as well as no significant difference in the probability of informed trading for NASDAQ before and after the change.

Suggested Citation

  • Van T. Nguyen & Bonnie F. Van Ness & Robert A. Van Ness, 2005. "Intraday Trading of Island (As Reported to the Cincinnati Stock Exchange) and NASDAQ," World Scientific Book Chapters, in: Cheng-Few Lee (ed.), Advances In Quantitative Analysis Of Finance And Accounting New Series, chapter 6, pages 89-104, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789812701213_0006
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789812701213_0006
    Download Restriction: Ebook Access is available upon purchase.

    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789812701213_0006
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789812701213_0006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.