Customer Trading in the Foreign Exchange Market : Empirical Evidence from an Internet Trading Platform

Lechner, Sandra; Nolte, Ingmar

Customer Trading in the Foreign Exchange Market : Empirical Evidence from an Internet Trading Platform

Dateien

dp07_03.pdfGröße: 465.88 KBDownloads: 575

Datum

2007

Autor:innen

Lechner, Sandra

Nolte, Ingmar

Open Access-Veröffentlichung

Open Access Green

Sammlungen

Wirtschaftswissenschaften

Publikationstyp

Working Paper/Technical Report

Publikationsstatus

Published

Zusammenfassung

This paper analyzes the relationship between currency price changes and their expectations. Currency price change expectations are derived with the help of different order flow measures, from the trading behavior of investors on OANDA FXTrade, which is an internet trading platform in the foreign exchange market. We investigate whether forecasts of intra-day price changes on different sampling frequencies can be improved with the information contained in the flow of our investors orders. Moreover, we verify several hypotheses on the trading behavior and the preference structure of our investors by investigating how past price changes affect future order flow.

Fachgebiet (DDC)

330 Wirtschaft

Schlagwörter

Customer Dataset, Order Flow, Price Changes, Foreign Exchange Market

Zitieren

ISO 690

LECHNER, Sandra, Ingmar NOLTE, 2007. Customer Trading in the Foreign Exchange Market : Empirical Evidence from an Internet Trading Platform

BibTex

@techreport{Lechner2007Custo-11927,
  year={2007},
  series={CoFE-Diskussionspapiere / Zentrum für Finanzen und Ökonometrie},
  title={Customer Trading in the Foreign Exchange Market : Empirical Evidence from an Internet Trading Platform},
  number={2007/03},
  author={Lechner, Sandra and Nolte, Ingmar}
}

RDF

<rdf:RDF
    xmlns:dcterms="http://purl.org/dc/terms/"
    xmlns:dc="http://purl.org/dc/elements/1.1/"
    xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#"
    xmlns:bibo="http://purl.org/ontology/bibo/"
    xmlns:dspace="http://digital-repositories.org/ontologies/dspace/0.1.0#"
    xmlns:foaf="http://xmlns.com/foaf/0.1/"
    xmlns:void="http://rdfs.org/ns/void#"
    xmlns:xsd="http://www.w3.org/2001/XMLSchema#" > 
  <rdf:Description rdf:about="https://kops.uni-konstanz.de/server/rdf/resource/123456789/11927">
    <dcterms:abstract xml:lang="eng">This paper analyzes the relationship between currency price changes and their expectations. Currency price change expectations are derived with the help of different order flow measures, from the trading behavior of investors on OANDA FXTrade, which is an internet trading platform in the foreign exchange market. We investigate whether forecasts of intra-day price changes on different sampling frequencies can be improved with the information contained in the flow of our investors  orders. Moreover, we verify several hypotheses on the trading behavior and the preference structure of our investors by investigating how past price changes affect future order flow.</dcterms:abstract>
    <bibo:uri rdf:resource="http://kops.uni-konstanz.de/handle/123456789/11927"/>
    <dcterms:rights rdf:resource="http://creativecommons.org/licenses/by-nc-nd/2.0/"/>
    <dc:contributor>Nolte, Ingmar</dc:contributor>
    <dc:creator>Lechner, Sandra</dc:creator>
    <dcterms:hasPart rdf:resource="https://kops.uni-konstanz.de/bitstream/123456789/11927/1/dp07_03.pdf"/>
    <dspace:hasBitstream rdf:resource="https://kops.uni-konstanz.de/bitstream/123456789/11927/1/dp07_03.pdf"/>
    <dcterms:issued>2007</dcterms:issued>
    <dcterms:title>Customer Trading in the Foreign Exchange Market : Empirical Evidence from an Internet Trading Platform</dcterms:title>
    <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/>
    <dc:rights>Attribution-NonCommercial-NoDerivs 2.0 Generic</dc:rights>
    <foaf:homepage rdf:resource="http://localhost:8080/"/>
    <dc:format>application/pdf</dc:format>
    <dc:contributor>Lechner, Sandra</dc:contributor>
    <dspace:isPartOfCollection rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/46"/>
    <dcterms:available rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2011-03-25T09:41:09Z</dcterms:available>
    <dc:date rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2011-03-25T09:41:09Z</dc:date>
    <dc:language>eng</dc:language>
    <dcterms:isPartOf rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/46"/>
    <dc:creator>Nolte, Ingmar</dc:creator>
  </rdf:Description>
</rdf:RDF>