Abstract
In the first 5 min (9:30–9:35 AM EST) after the market opened on Friday, June 24, 2016, the trading volume of the Dow Jones Industrial Average reached 5.71 million shares; by the closing minute (4:00 PM), the volume was over 63 million shares (Table 2.1). Over the course of the day, a total of 5.2 million trades were processed by the New York Stock Exchange (NYSE), and over five million of these were small trades of 1–2000 shares.
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Notes
- 1.
Data were gathered using http://finance.yahoo.com/echarts?s=%5EDJI+Interactive#{“range”:“1d”,“allowChartStacking”:true}
- 2.
Data were taken directly from the NYSE website on June 24th, 2016. Data can be retrieved from: http://www.nyxdata.com/Data-Products/NYSE-Volume-Summary#summaries
- 3.
For example, if the current interest rate is 2.5% and interest rate changes by.25% at a time, one step up would be 2.75%, and one step down would be 2.25%.
- 4.
This is referred to as “equifinality” (Bertalanffy 1969)
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Sedighi, A., Smith, M. (2019). Financial Market Risk. In: Fair Scheduling in High Performance Computing Environments. Springer, Cham. https://doi.org/10.1007/978-3-030-14568-2_2
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