Publication at Faculty of Social Sciences, Faculty of Mathematics and Physics, Centre for Economic Research and Graduate Education |
2008
Abstract
We focus on the extent of information-driven trading sourced from the behavior of market makers on an emerging market. Under current regulation, market makers are able to protect their private information and not reveal it for a surprisingly long period of time.
Our study contributes to the detection mechanisms of regulatory authorities on the emerging markets in identifying the suspicious behavior of particular market participants.