We examine US equity trader use of dark and lit markets. Marketable orders executed in the
dark have lower information content and smaller fill rates. Dark orders take longer to execute…

We examine the execution quality of electronic stock traders who are geographically dispersed
throughout the United States. Traders who are located near market central computers in …

Data on a US proprietary stock-trading team provide evidence of the tendency of traders to
hold on to their losers too long and sell their winners too soon—that is, the “disposition effect.” …

We examine quantity choice patterns by equity traders across trading hours in the US
Controlling for intraday variations in trading activity, we find that traders submit more non-rounded …

We examine intraday execution quality patterns on Nasdaq stocks using proprietary order-level
data from a US broker dealer. Orders submitted midday execute slower than orders …

This paper investigates the inter-relationships between real estate securities markets in
Australia, Hong Kong, Japan, and Singapore. Two key issues are addressed, namely whether …

This paper investigates how profitable day trading occurs and how it impacts trading on
Nasdaq stocks. Our paper analyzes a unique data set on 96,323 trades from the proprietary …

Case histories in mining have long described pillars or faces of rock failing violently with an
accompanying rapid ejection of debris and broken material into the working areas of the mine…

Active stock traders, or day traders, who may account for a sizable proportion of US trading
volume, hold stocks for only hours or even minutes. Examination of their trading profits …

We examine the behavior of a 15 strong proprietary stock trading team and show how
consistent intraday trading profits were generated. The team, who worked for a large US direct …