upgrade improved information dissemination on the trading floor and reduced the latency in reporting trades and quotes. The …

result shows that assimilation by the market of any new information takes place alongside two simultaneous processes: a … the market of the new price level, that is, the quantitative measure of new information being assimilated. …

subject to a private information problem. The asset plays the role of a medium of exchange, but this role can be affected by … information, a set of experiments with adverse selection where the terminal value of notes are determined exogenously, and a set …

the thought that the market does not respond to new information instantaneously. This may be due to a delay in … dissemination to new price sensitive information or biases (under or over reaction) in the response of market participants to such … information. It may also be for the momentum effect related to herding in particular ‘positive feed back trading’ or â …

events accompanied by information are followed by drift, while no-information ones result in reversals. One interpretation of …. Consistent with this hypothesis, information-based price changes are more strongly correlated with future earnings surprises than … no-information ones. Furthermore, drift exists only when the direction of the price move and of the change in analyst …

This paper shows that information effects per se are not responsible for the Giffen goods anomaly affecting traders …' demands in multi asset noisy, rational expectations equilibrium markets. The role that information plays in traders …