- Competition for order flow, market quality, and price
discovery in the Nasdaq 100 Index Tracking Stock.
Abstract We investigate competition for order flow, market quality, and price discovery in the Nasdaq 100 Index Tracking Stock (QQQ). The QQQ, an AMEX-listed, exchange-traded fund, is the most actively traded security in the U.S. equities market. On July 31, 2001, the NYSE began trading the QQQ, marking the first ......
- The 2001 IBO stock market indices: a mixed
market.
2001 will be a year to remember. From the Federal Reserve's 11 aggressive rate cuts, to the September 11th "Attack on America", to the US economy's dismal performance, this past year will be hard to forget. Financial markets across the world felt the effects of the slowing US economy, triggering ......
- Stocks Make Up For August Drop in
September.
The last trading day of the month saw the Dow Jones Industrial Average shed 240 points, roughly 2.9%. As the Fed announced a meager .25% rate cut the day before, the market decrease could be a response to the preconceived notion that the cut would be larger. Despite the decline ......
- The market that nobody owns.
Warrants are a much more common sight at options exchanges these days. The American Stock Exchange (AMEX), for example, has introduced warrants on international indexes (CAC 40 and FT-SE 100), domestic indexes (MMI, S&P Midcap, Institutional and sector indexes like Computer Technology, Pharmaceutical and Oil) as well as foreign currencies ......
- Big gains for small stocks.
When it comes to investing in stocks these days, the small and mercurial David is leaving the blue-chip giant Goliath in the dust. That's why a growing number of investors are buying the stocks of smaller companies that are listed on the over-the-counter (OTC) market, which is currently in the ......
- IBO indexes strong despite interest rate
fears.
US economic growth appeared to be in a period of stagnation in May. Earlier this month, the US Labor Department reported that 288,000 jobs were created in April, beating previous forecasts. Also, the US dollar made a slight comeback due to expectations for a hike in interest rates. However, skyrocketing ......
- Nikkei warrants: U.S. bears meet Japanese
bulls.
Just as three separate issues of put warrants on the Nikkei Stock Average debuted on the American Stock Exchange, the Japanese version of the Dow Jones Industrial Average suffered its largest drop since the 1987 crash. A slide of 5.6% in the Nikkei in 11 trading days and two new ......