Two Essays on Liquidity Essay I: Information Related Trading on Two Nearly Identical Options Essay II: The Importance of the Liquidity Premium in the Presence of Declining Transactions Cost
In the first essay, I examine the impact of the introduction of exchange traded funds (ETFs) options on the information related trading of index options. Two option pairs, NASDAQ 100 index (NDX) and ETF (QQQ, currently QQQQ ) options, and Standard and Poor's 500 index (SPX) options and S &...
| Main Author: | |
|---|---|
| Format: | Others |
| Published: |
ScholarWorks@UNO
2008
|
| Subjects: | |
| Online Access: | http://scholarworks.uno.edu/td/893 http://scholarworks.uno.edu/cgi/viewcontent.cgi?article=1873&context=td |