Outsiders Benefits of Insider Trading - eEthics, Technology & Informational Efficiency

• Autorzy: Carlos Jorge Lenczewski Martins
• Języki publikacji: EN

Abstrakty

EN

: Insider trading is seen as an unethical behaviour and often as one that negatively affects the market by reducing investors trust and confidence, leading to a decrease in market liquidity. At the same time, markets have become more speculative than before (eg. shorter holding periods), and insider trading deregulation could lead for prices to become more efficient and increase market liquidity. The aim of this article is to confront the common view of insider trading with the practice in the financial market, especially, when considering significant changes of how information is obtained, processed, and then used in financial transactions as, for example with algorithmic trading (High Frequency Trading). The conclusions presented here result from academic literature analysis as well as from the analysis of legal cases of insider trading in selected countries, mainly from the US. (original abstract)

Słowa kluczowe

EN

Market effectiveness; Confidential information; Market liquidity

PL

Efektywność rynku; Informacja poufna; Płynność rynku

• Czasopismo: Prakseologia i Zarządzanie. Zeszyty Naukowe Towarzystwa Naukowego Prakseologii
• Rocznik: 2022
• Numer: nr 1
• Strony: 51--76

Twórcy

autor

Carlos Jorge Lenczewski Martins

• Warsaw School of Economics, Poland

Bibliografia

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