A fully revised second edition of the best guide to high-frequency trading High-frequency
trading is a difficult, but profitable, endeavor that can generate stable profits in various …

Capital adequacy has been constantly growing in the banking sector in Kenya and is a key
factor in determining the continuity of the commercial banks in Kenya. However capital …

The global financial crises that affected the world economy starting with 2008 have at least
three factors of great influence. However, the general opinion and the conclusions of …

Seeking diversification, institutional investors are often drawn to investment opportunities
that are relatively illiquid, taking for granted that they will receive a liquidity premium that …

The financial crisis of 2007-2009 highlighted to many investors the importance of liquidity.
University endowment funds, for example, were forced to sell publicly traded securities at …

Risk management in banking operations is a popular topic among researchers in the fields
of management and banking. Due to developments in technology, research on financial …

The Zimbabwean financial institutions and companies are faced with serious liquidity
problems to meet their financial obligations since the inception of multi-currency system. The …

The impact of the Great Financial Crisis on operational risk includes the birth of structural
due diligence. Since the crisis, institutional investors have demanded more transparency …

Managed futures comprise a wide array of liquid, transparent alpha strategies which offer
institutional investors a number of benefits. These include cash efficiency, intuitive risk …

It is well established that investors price market liquidity risk. Yet, there exists no financial
claim contingent on liquidity. We propose a contract to hedge uncertainty over future …