Search Results - "McInish, Thomas"

Unconventional Monetary Policy and the Behavior of Shorts by MCINISH, THOMAS, NEELY, CHRISTOPHER J., PLANCHON, JADE

“…We investigate the behavior of shorts, considered sophisticated investors, before and after a set of Federal Reserve unconventional monetary policy…”
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Market fairness and efficiency: Evidence from the Tokyo Stock Exchange by Kemme, David M., McInish, Thomas H., Zhang, Jiang

“…In 2015 the Tokyo Stock Exchange (TSE) implemented Arrowhead Renewal improvements (ARI) that reduced latency from about one millisecond to less than 0.5 ms…”
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Trading rules, competition for order flow and market fragmentation by Kwan, Amy, Masulis, Ronald, McInish, Thomas H.

“…We investigate competition between traditional stock exchanges and new dark trading venues using an important difference in regulatory treatment. Securities…”
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Worldwide reach of short selling regulations by Jain, Archana, Jain, Pankaj K., McInish, Thomas H., McKenzie, Michael

“…We characterize legality and incidence of short selling in a worldwide, multimarket framework. Home country short selling restrictions curtail home market…”
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Mixed‐signal stock splits by Elnahas, Ahmed M., Jain, Pankaj K., McInish, Thomas H.

“…We investigate CEOs who combine insider selling with stock splits, which is suspicious, because dumping stocks is inconsistent with the positive stock‐split…”
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Supply and demand shifts of shorts before Fed announcements during QE1–QE3 by McInish, Thomas, Neely, Christopher J., Planchon, Jade

“…Cohen et al. (2007), find that shifts in the demand curve for shorting predict negative stock returns. We use their approach to examine supply and demand…”
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Does high-frequency trading increase systemic risk? by Jain, Pankaj K., Jain, Pawan, McInish, Thomas H.

“…In 2010, the Tokyo Stock Exchange, the largest stock exchange headquartered outside of the United States, introduced a new trading platform, Arrowhead. This…”
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Insights from bitcoin trading by Jain, Pankaj K., McInish, Thomas H., Miller, Jonathan L.

“…We examine commonality in returns and volume for Bitcoin-fiat currency pairs, each trading in a country with a single time zone. Bitcoin has substantial volume…”
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Information Content of Earnings Announcements: Evidence from After-Hours Trading by Jiang, Christine X., Likitapiwat, Tanakorn, McInish, Thomas H.

“…We study after-hours trading (AHT), price contributions, and price discovery following quarterly earnings announcements released outside of the normal trading…”
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Fast and slow cancellations and trader behavior by McInish, Thomas H., Nikolsko-Rzhevska, Olena, Nikolsko-Rzhevskyy, Alex, Panovska, Irina

“…We investigate how short-lived liquidity supply due to order cancellations affects the order-placement behavior of slow traders. When order cancellations…”
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An examination of the NYSE’s retail liquidity program by Jain, Pankaj K., Linna, Jared A., McInish, Thomas H.

“…•The NYSE's Retail Liquidity Program (RLP) is an innovation designed to attract retail orders.•RLP offers price improvement on exchange to compete effectively…”
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Brand Equity, Earnings Management, and Financial Reporting Irregularities by Ismail, Ghada M, Huseynov, Fariz, Jain, Pankaj K, McInish, Thomas H

“…Owning valuable brands enhances the financial well-being of firms not only through increased revenues and profitability but also by mitigating agency problems,…”
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The Quote Exception Rule: Giving High Frequency Traders an Unintended Advantage by McInish, Thomas H., Upson, James

“…Under the Securities and Exchange Commission (SEC) Rule 611 exchanges that have not matched a new National Best Bid and Offer (NBBO) can trade at the old…”
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Exploring the manipulation toolkit: the failure of Doral Financial Corporation by Elnahas, Ahmed M., Jain, Pankaj K., McInish, Thomas H.

“…The 2015 bankruptcy of Doral Financial Corporation, once 'the best' U.S. bank according to U.S. Banker, is the largest since April 2010. The bankruptcy…”
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Director discretion and insider trading profitability by Foley, Sean, Kwan, Amy, McInish, Thomas H., Philip, Richard

“…Using a machine-learning algorithm, we classify over 60,000 director transactions into discretionary and non-discretionary purchases and sales based on the…”
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Price movement and trade size on the National Stock Exchange of India by Mishra, Ajay Kumar, McInish, Thomas H., Tripathy, Trilochan

“…Using data for the National Stock Exchange of India, we examine three hypotheses about which trades move prices. The Stealth Trading Hypothesis proposes that…”
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Greed and Fear in Financial Markets: The Case of Stock Spam E-Mails by Hu, Bill, McInish, Thomas

“…Using a rich dataset of stock spam e-mails as a laboratory, we test and find support for three behavioral finance theories related to investor attention,…”
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Short Selling: The Impact of SEC Rule 201 of 2010 by Jain, Chinmay, Jain, Pankaj, McInish, Thomas H.

“…Despite its sizeable compliance costs, we are unable to document any clear benefits of SEC Rule 201 in ensuring fair valuations and price stability, promoting…”
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Naked Short Selling and the Market Impact of Fails-to-Deliver: Evidence from the Trading of Real Estate Investment Trusts by Devos, Erik, McInish, Thomas, McKenzie, Michael, Upson, James

“…Naked short selling and purposeful fails-to-deliver have been identified in the popular press and by the SEC as contributing factors to the stock market…”
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Stealth trading: The case of the Tokyo Stock Exchange by Ascioglu, Asli, Comerton-Forde, Carole, McInish, Thomas H.

“…The stealth trading hypothesis asserts that informed traders trade strategically by breaking up their orders so as to more easily hide among the liquidity…”
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