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  4. Informed Trading in Parallel Bond Markets

Feb

12

Wednesday

Informed Trading in Parallel Bond Markets

5.00pm

Seminars

Public

Speaker: Paola Paiardini

Series: Term 2, 2013-14 Seminar Series

European sovereign bond market segmentation has not been extensively investigated, we contribute to this scant literature studying the market microstructure of the Italian market, the largest in the Eurozone. Using a sequential trade model, we analyse the probability of informed trading (PIN) in the parallel trading of a same bond on two secondary electronic platforms: the inter-dealer MTS and the dealer-to-customer BondVision; an aspect that has never been investigated before. We find that the PIN is significantly lower in the dealer-to-customer segment than in the interdealer one.

Venue: D221, Social Sciences Building

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When & where

5.00pm - 6.20pmWednesday 12th February 2014

Rhind Building City, University of London St John Street London EC1R 0JD United Kingdom

Contact Details

Department of Economics

Social Sciences Building
City, University of London
Whiskin Street
London
EC1R 0JD
United Kingdom
+44 (0)20 7040 8500

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