CAN NONLOCAL TRADERS CAPTURE THE LOCAL INFORMATION ADVANTAGE AND PROFIT?

Market makers located in geographic proximity (local) to companies possess a local information advantage that comes from access to soft information. We study whether a nonlocal trader can capture the local information advantage and profit without relocating. We develop a trading strategy for the non...

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Veröffentlicht in:	The Journal of financial research 2019-03, Vol.42 (1), p.41-69
Hauptverfasser:	Meshcheryakov, Artem, Winters, Drew B.
Format:	Artikel
Sprache:	eng
Schlagworte:	Stock brokers Stock exchanges
Online-Zugang:	Volltext
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