Stock Market Trading in Space and Time: Information and HSBC Share Prices in New York, London and Hong Kong, 2006-2009.

Working paper

This paper investigates the circulation of information on secondary stock markets, using the case study of HSBC shares traded on the exchanges in New York, London, and Hong Kong. The distribution of price discovery is analysed across the three markets, within a 24-hour cycle of trading, and in the period between 2006 and 2009, showing a clear relationship with the distribution of private information about HSBC. London, the seat of HSBC headquarters, home to most of its decision makers and key...

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Authors: Wójcik, D

• Publisher: School of Geography and Environment (University of Oxford)
• Series: Working Papers in Employment, Work and Finance
• Publication date: 2010-01-01
• Language: English