Trading costs and execution strategies in emerging markets

Humphery-Jenner, M; Wu, E

Trading costs and execution strategies in emerging markets

Humphery-Jenner, M Wu, E

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Publisher:: John Wiley & Sons Ltd
Publication Type:: Chapter
Citation:: Market microstructure in emerging and developed markets, 2013, 1st, pp. 425 - 444
Issue Date:: 2013-01

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Full metadata record

Field	Value	Language
dc.contributor.author	Humphery-Jenner, M	en_US
dc.contributor.author	Wu, E	en_US
dc.contributor.editor	Baker, HK	en_US
dc.contributor.editor	Kiymaz, H	en_US
dc.date.issued	2013-01	en_US
dc.identifier.citation	Market microstructure in emerging and developed markets, 2013, 1st, pp. 425 - 444	en_US
dc.identifier.isbn	978-1-118-27844-4	en_US
dc.identifier.uri	http://hdl.handle.net/10453/31903
dc.description.abstract	This chapter discusses the high trading costs that can arise in emerging markets and considers ways to ameliorate those transaction costs. Transaction costs might be high in emerging markets due to factors including thin trading, poor regulation, and limits to direct market access or algorithmic trading. A portfolio manager or trader must consider these costs when constructing and rebalancing a portfolio or when executing a trade. The chapter considers several ways that traders can ameliorate transaction costs when executing a larger order. It also discusses how a portfolio manager could take an approach to rebalancing that recognizes the potentially large costs involved in rebalancing.	en_US
dc.publisher	John Wiley & Sons Ltd	en_US
dc.relation.ispartof	Market microstructure in emerging and developed markets	en_US
dc.relation.isbasedon	10.1002/9781118681145.ch23	en_US
dc.title	Trading costs and execution strategies in emerging markets	en_US
dc.type	Chapter
utslib.location	USA	en_US
utslib.for	1502 Banking, Finance and Investment	en_US
utslib.citation.edition	1st	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	closed_access
pubs.consider-herdc	true	en_US
pubs.edition	1st	en_US
pubs.place-of-publication	USA	en_US

Abstract:

This chapter discusses the high trading costs that can arise in emerging markets and considers ways to ameliorate those transaction costs. Transaction costs might be high in emerging markets due to factors including thin trading, poor regulation, and limits to direct market access or algorithmic trading. A portfolio manager or trader must consider these costs when constructing and rebalancing a portfolio or when executing a trade. The chapter considers several ways that traders can ameliorate transaction costs when executing a larger order. It also discusses how a portfolio manager could take an approach to rebalancing that recognizes the potentially large costs involved in rebalancing.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/31903