Outputs (48)

Does high frequency trading affect technical analysis and market efficiency? And if so, how? (2013)
Journal Article
Manahov, V., Hudson, R., & Gebka, B. (2014). Does high frequency trading affect technical analysis and market efficiency? And if so, how?. Journal of International Financial Markets, Institutions and Money, 28, 131-157. https://doi.org/10.1016/j.intfin.2013.11.002

In this paper we investigate how high frequency trading affects technical analysis and market efficiency in the foreign exchange (FX) market by using a special adaptive form of the Strongly Typed Genetic Programming (STGP)-based learning algorithm. W... Read More about Does high frequency trading affect technical analysis and market efficiency? And if so, how?.

The implications of trader cognitive abilities on stock market properties (2013)
Journal Article
Manahov, V., Soufian, M., & Hudson, R. (2014). The implications of trader cognitive abilities on stock market properties. Intelligent Systems in Accounting, Finance and Management, 21(1), 1-18. https://doi.org/10.1002/isaf.1348

Market structure and individual rationality remain at the centre of a debate as to which is the main driving force in market performance. We examine the role of individual rationality, comparing zero‐intelligence traders with traders with different l... Read More about The implications of trader cognitive abilities on stock market properties.

Adapting financial rationality: Is a new paradigm emerging? (2013)
Journal Article
Soufian, M., Forbes, W., & Hudson, R. (2014). Adapting financial rationality: Is a new paradigm emerging?. Critical Perspectives On Accounting, 25(8), 724-742. https://doi.org/10.1016/j.cpa.2013.08.009

We discuss the implications of an alternative to the efficient market hypothesis (EMH) the adaptive market hypothesis (AMH). The AMH advances a theoretical basis for a new financial paradigm which can better model such phenomena as the recent financi... Read More about Adapting financial rationality: Is a new paradigm emerging?.

Informed trading and market structure (2013)
Journal Article
Cai, C. X., Harris, J. H., Hudson, R. S., & Keasey, K. (2015). Informed trading and market structure. European Financial Management, 21(1), 148-177. https://doi.org/10.1111/eufm.12003

We examine London Stock Exchange trading around information releases and link market quality dimensions with market structure during periods with heightened interaction between informed and uninformed traders. We find support for both the hypothesis... Read More about Informed trading and market structure.

How prior realized outcomes affect portfolio decisions (2012)
Journal Article
Duxbury, D., Hudson, R., Keasey, K., Yang, Z., & Yao, S. (2013). How prior realized outcomes affect portfolio decisions. Review of Quantitative Finance and Accounting, 41(4), 611-629. https://doi.org/10.1007/s11156-012-0325-9

Investors have been shown to have particular preferences when it comes to the characteristics of stock they hold in their portfolios, while prior gains and losses have been shown to impact on individuals' economic decisions, both in an investment con... Read More about How prior realized outcomes affect portfolio decisions.

Electroluminescent segmented liquid crystalline trimers (2008)
Journal Article
Aldred, M. P., Hudson, R., Kitney, S. P., Vlachos, P., Liedtke, A., Woon, K. L., O'Neill, M., & Kelly, S. M. (2008). Electroluminescent segmented liquid crystalline trimers. Liquid crystals, 35(4), 413-427. https://doi.org/10.1080/02678290801924931

The synthesis and liquid crystal behaviour of light-emitting trimeric liquid crystals consisting of three mesomorphic moieties connected by aliphatic spacers are reported. The combination of an aromatic light-emitting central core and two cholestanyl... Read More about Electroluminescent segmented liquid crystalline trimers.

Trading frictions and market structure: An empirical analysis (2008)
Journal Article
Cai, C. X., Hillier, D., Hudson, R., & Keasey, K. (2008). Trading frictions and market structure: An empirical analysis. Journal of Business Finance and Accounting, 35(3-4), 563-579. https://doi.org/10.1111/j.1468-5957.2008.02076.x

Market structure affects the informational and real frictions faced by traders in equity markets. Using bid-ask spreads, we present evidence which suggests that while real frictions associated with the costs of supplying immediacy are less in order-d... Read More about Trading frictions and market structure: An empirical analysis.

Interest rate clustering in UK financial services markets (2007)
Journal Article
Ashton, J. K., & Hudson, R. S. (2008). Interest rate clustering in UK financial services markets. Journal of Banking and Finance, 32(7), 1393-1403. https://doi.org/10.1016/j.jbankfin.2007.11.002

This study forwards an explanation and empirical investigation of price clustering in retail banking markets. It is proposed that price or interest rate clustering forms in retail markets as firms wish to maximise returns from customers, some of whom... Read More about Interest rate clustering in UK financial services markets.