Efficiency tests of the UK financial futures markets and the impact of electronic trading systems : A note on relative market efficiency

Lim , Kian Ping (2009) Efficiency tests of the UK financial futures markets and the impact of electronic trading systems : A note on relative market efficiency. Applied Economics Letters, 16 (11). pp. 1129-1132. ISSN 1350-4851

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Official URL: http://dx.doi.org/10.1080/13504850701335350

Abstract

The literature on weak-form efficient market hypothesis (EMH) has experienced a phenomenal growth over the past few decades, with the empirical framework mostly directed towards testing the absolute version of market efficiency. Evans (2006) represents a small amount of studies that addressed the relative efficiency of financial markets. The present paper discusses the limitations of absolute market efficiency and surveys some measures proposed for assessing relative efficiency in extant literature.

Item Type:Article
Uncontrolled Keywords:Assessment method, Electronics industry, Empirical analysis, Financial market, Future prospect, Trade. Eurasia, Europe, United Kingdom, Western Europe
Subjects:H Social Sciences > HG Finance
Divisions:SCHOOL > Labuan School of International Business and Finance
ID Code:2626
Deposited By:IR Admin
Deposited On:30 Mar 2011 15:34
Last Modified:23 Feb 2015 15:09

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