, we extend the results of this new approach to a financial market with informed traders employing a statistical arbitrage …

, we extend the results of this new approach to a financial market with informed traders employing a statistical arbitrage …

are informed traders, relatively little is known about which group is relatively more informed. The results of our dynamic …

This thesis consists of three essays examining the behavior of informed traders infinancial markets and how they affect … asset pricing. It examines informed traders’ rolein shaping securities prices in three ways. It examines whether on a macro … market structure and how itimpacts informed traders who participate in them. …

This paper provides evidence that informed traders dominate the response of limit-order submissions to shocks in a pure … limit-order market. In the market we study, informed traders are highly sensitive to spreads, volatility, momentum and depth …

This paper provides evidence that informed traders dominate the response of limit-order submissions to shocks in a pure … limit-order market. In the market we study, informed traders are highly sensitive to spreads, volatility, momentum and depth …

. The effect is such that traders tend to reverse their order flow in line with the better-informed counterparties. Informed … traders primarily incorporate their own private as well as publicly available information into prices, whereas uninformed …

In this study, we examine the rationale that informed traders use in choosing various financial instruments in order to … to speculate on volatility. Rather, it may suggest that the majority of informed traders do not have precise volatility …