𝔖 Bobbio Scriptorium
✦   LIBER   ✦

THE INFORMATION CONTENT OF RIGHTS TRADING

✍ Scribed by C.R. WESTON


Book ID
111104868
Publisher
John Wiley and Sons
Year
1978
Tongue
English
Weight
336 KB
Volume
5
Category
Article
ISSN
0306-686X

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Information content of extended trading
✍ Louis T. W. Cheng; Li Jiang; Renne W. Y. Ng πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 172 KB

## Abstract The recent extension of trading hours for Hang Seng Index Futures provides an opportunity to examine whether extended futures trading contains useful information about spot returns. Using the weighted price contribution measure, we find that pre‐open futures trades are associated with s