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

[img]
Preview
Text
Efficiency_tests_of_the_UK_financial_futures_markets_and_the_impact_of_electronic_trading_systems.pdf

Download (43kB) | Preview

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
Depositing User: Unnamed user with email storage.bpmlib@ums.edu.my
Date Deposited: 30 Mar 2011 07:34
Last Modified: 13 Oct 2017 03:34
URI: http://eprints.ums.edu.my/id/eprint/2626

Actions (login required)

View Item View Item

Browse Repository
Collection
   Articles
   Book
   Speeches
   Thesis
   UMS News
Search
Quick Search

   Latest Repository

Link to other Malaysia University Institutional Repository

Malaysia University Institutional Repository