Comparison between Floor Trading and Electronic System on Liquidity
Journal Title: International Research Journal of Applied and Basic Sciences - Year 2014, Vol 8, Issue 5
Abstract
A trend towards computerized transaction points out a significant query that either electronic cost which is occurring in trading system is lower than that of trading through floors. Trading system is how orders are handled and how they are administered and how individual prices are been setup. The trading affects the profitability and hence it affects traders’ behavior, price formation and trading cost. Data of returns of KSE 100 index from the period of January1998 to June 2008 and the variables that have the significant difference in the Electronic system are volume, market capitalization, volatility and turnover. Thus, electronic system shows more information in a limited time when volume and return volatility is high. The results and findings indicated that the electronic system has a significant edge over trading by floors.
Authors and Affiliations
Agha Amad Nabi| Faculty of Management, Universiti Teknologi Malaysia. email:ammadagha@yahoo.com, Suresh Ramakrishnan| Faculty of Management, Universiti Teknologi Malaysia., Melati Ahmad Anuar| Faculty of Management, Universiti Teknologi Malaysia., Aiyoub Ahmadi mousaabad| Faculty of Management, Universiti Teknologi Malaysia.
Keywords
Related Articles
- EP ID EP6603
- DOI -
- Views 286
- Downloads 11
Effect of Circadian Rhythm on Maximal Fat Oxidation mean in untrained female university student during a session of submaximal aerobic exercise
Background and Purpose: The aim of this study is to investigate the effect of circadian rhythm on the maximal fat oxidation ( MFO) and FATMAX in university female students without practice. Materials and Methods: The sub...
Susceptibility of Tetranychus uticae Koch (Acari: Tetranychidae) on seven strawberry cultivars
The two-spotted spider mite, Tetranychus urticae Koch is one of the cosmopolitan pests, which attack many agricultural and greenhouse plants. The suitability of seven strawberry cultivars (Marak, Yalova, Aliso, Gaviota,...
Investigation of income convergence among Iran’s provinces: A panel unit root approach
The purpose of the present study is to investigate real per capita income convergence of thirteen provinces of Iran. To this end unit root test and panel data from 2000-2010 was used. The innovation of the present study...
The effect of quality commitment and organizational commitment on the customer orientation (case study: Kermanshah Tejarat Bank)
The survival in the present insecure and competitive environment has forced organizations to have specialized and skilled employees which act beyond their duties, because the success of organizations depends on them. Thi...
The Reflection of Constitutionism in the Poems of Ahmad Shoqi and Mohammad Taqi-e Bahar
Public awareness, freedom, justice, legalism, fighting against tyranny, patriotism, and in a word “constitutionalist” are considered as important contemporary events of Iran and some other surrounded countries. Therefore...