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Author:Hau, H.
Title:Location matters: an examination of trading profits
Journal:Journal of Finance
2001 : OCT, VOL. 56.5, p. 1959-1983
Index terms:ASYMMETRIC INFORMATION
LOCATION PROBLEM
PROFIT
TRADING
EUROPE
GERMANY
Language:eng
Abstract:The electronic trading system Xetra of the German Security Exchange provides a unique data source on the equity trades of 756 professional traders located in 23 different cities and eight European countries. The authors explore informational asymmetries across the trader population: traders located outside Germany in non-German-speaking cities show lower proprietary trading profit.
SCIMA record nr: 226474
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