Mostrando ítems 1-10 de 12
Actividad bursátil en los mercados accionarios colombianos: Determinantes y evolución 1997 - 2007
(Universidad EAFIT, 2009-09-18)
We present evidence of the important improvement of the Colombian stock market in terms of trading activity in the last ten years. Indeed, the merger of the former three stock exchanges (Bogota, Medellín and Cali) into ...
Does Information Asymmetry matter in emerging markets?. Evidence from six Latin American stock markets
(Universidad EAFIT, 2011-11-10)
Liquidez en los Mercados Accionarios Latinoamericanos: Estimando el efecto del Mercado Integrado Latinoamericano (MILA)
(Universidad EAFIT, 2012-12-15)
In this study one estimates transaction costs associated with intraday liquidity of shares belonging to six Latin American stock markets (Argentina, Brazil, Chile, Colombia, Mexico and Peru) during a period of six months ...
Liquidez en los mercados accionarios colombianos. Cuánto hemos avanzado en los últimos 10 años?
(Universidad EAFIT, 2010-08-15)
How to measure the liquidity of Colombian stocks and its recent evolution. In the context of market microstructure literature, we define and estimate a measure of liquidity for Colombian stocks and provide evidence of ...
Friend or Foe? Foreign investors and the liquidity of six Asian markets
(Universidad EAFIT, 2010-07-15)
Calidad de mercado y reformas al sistema transaccional. El Caso de X-Stream en el Mercado accionario colombiano
(Universidad EAFIT, 2013-03-15)
We estimate the effect of the new trading system, X-Stream, on the market quality of the Colombian Stock Exchange on February 2009. We test the effect on liquidity measures (bid-ask margin and price impact), daily and ...
Medidas intradiarias de liquidez y de costos de transacción asociados en la Bolsa de Valores de Colombia
(Universidad EAFIT, 2011-12-15)
The two main transaction costs associated to liquidity on a exchange are the bid-ask spread and the price impact. The former measure is deemed relevant only for small transactions, whereas the second is relevant for ...
Market quality and structural changes in the trading system: The case of X-Stream on the Colombian stock exchange.
(Universidad EAFIT, 2014-03-01)
We study the effect of X-Stream, the new trading platform of the Colombian Stock Exchange since February 2009, on the quality of the stock market. Contributing to the literature on market quality, this paper provides novel ...
Market quality and structural changes in the trading system. The case of X-Stream on the Colombian stock exchange
(Emerald Group Publishing Limited, 2014)
Purpose. The purpose of this paper is to study the effect of X‐Stream, the new trading platform of the Colombian Stock Exchange since February 2009, on the market quality. Design/methodology/approach. The authors test the ...
Does PIN measure information? Informed trading effects on returns and liquidity in six emerging markets
Market microstructure models imply that informed trading reduces liquidity and moves prices in the direction of the information. We test this implication using the dynamic PIN model (Easley, Engle, O'Hara and Wu 2008) as ...