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Bank of Canada Working Papers >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/53850
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | D'Souza, Chris | | en_US |
| dc.date.accessioned | | 2011-12-15T12:56:48Z | | - |
| dc.date.available | | 2011-12-15T12:56:48Z | | - |
| dc.date.issued | | 2007 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/53850 | | - |
| dc.description.abstract | | Trades in foreign exchange markets are initiated around the world and around the clock. This study illustrates that trades are more informative when initiated in a local country or in major foreign exchange centers like London and New York. Evidence suggests that informational asymmetries based on geography arise from the market making capacity of dealers and the customer order flow that dealers capture during regional business hours. Findings also show that market orders initiated in price-correlated FX markets are not informative. Transparency in quotes on electronic trading platforms may prevent informed participants from exploiting information across FX markets. Overall, these results are robust across different market conditions. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Bank of Canada Ottawa | | en_US |
| dc.relation.ispartofseries | | Bank of Canada Working Paper 2007,52 | | en_US |
| dc.subject.jel | | F31 | | en_US |
| dc.subject.jel | | G15 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Market structure and pricing | | en_US |
| dc.subject.keyword | | Exchange rates | | en_US |
| dc.subject.keyword | | Financial markets | | en_US |
| dc.subject.stw | | Devisenhandel | | en_US |
| dc.subject.stw | | Devisenmarkt | | en_US |
| dc.subject.stw | | Wechselkurs | | en_US |
| dc.subject.stw | | Asymmetrische Information | | en_US |
| dc.subject.stw | | Welt | | en_US |
| dc.title | | Where does price discovery occur in FX markets? | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 551412526 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Bank of Canada Working Papers
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