This paper investigates whether a particular magnitude and direction of meteor showers in returns dominates the performance of domestic trading in U.S., European and Australasian global markets. Direct and indirect channels of foreign information transmission are modelled by stochastic parameter...

We provide the first in-depth study of trading on the Ukrainian stock exchange, using trade-by-trade data. Though Ukraine has some large listed companies, the market is quite illiquid. We study the efficiency of five liquidity measures in the market. The proportion of no-trading days is the most...