Skip to main content

Main menu

  • Home
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About the JOT
    • Editorial Board
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow PMR on LinkedIn
  • Follow PMR on Twitter

User menu

  • Sample our Content
  • Request a Demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Trading
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a Demo
  • Log in
The Journal of Trading

The Journal of Trading

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About the JOT
    • Editorial Board
  • Follow PMR on LinkedIn
  • Follow PMR on Twitter
Open Access

Editor’s Letter

Brian R. Bruce
The Journal of Trading Winter 2014, 9 (1) 1; DOI: https://doi.org/10.3905/jot.2013.9.1.001
Brian R. Bruce
Editor-in-Chief
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • Article
  • Info & Metrics
  • PDF
Loading

We open our Winter issue with Anderson and Dyl’s discussion of the evolution of the U.S. stock markets, wherein the authors conclude that the increase in trading volume is related to the decimalization of stock prices, the emergence of electronic stock exchanges in the last decade, and the concomitant increase in algorithmic trading. Schwartz and Byrne present the edited transcript of a panel discussion moderated by Andrew Brooks of T. Rowe Price Associates, Inc.: “What Makes an Exchange a Unique Institution?” Next, Sum examines the impulse response functions and causality test of stock market returns and marketwide liquidity as measured by share turnover, with results that offer important information and implications for investment and risk management. Wang investigates whether there is an informational linkage between option directional trading activities and underlying stock depth asymmetries, finding that the informational linkage is stronger at the beginning and the end of the day.

We’ve included a special section in this issue, Machine Learning and Big Data. Because this is a new topic to the journal, we have provided a commentary to give an overview as well as an understanding of how these technologies work and when to apply them. This is followed by Kwan’s discussion of data collection and distribution, how data management can provide informative information, and how to manage data processing speed. Blake provides an underlying structure for managing the big data phenomenon. Habbal examines the emergence of real-time risk enterprise in the capital markets industry. Armutcu explores the recent trends in real-time analytics for transaction cost analysis and the technologies that are making it possible. We conclude this issue with Waelbroeck’s discussion of the leveraging of data by institutional trading desks to improve alpha capture.

As always, we welcome your submissions. Please encourage those you know who have good papers or have made good presentations on trading-related subjects to submit them to us. Submission guidelines are included in this issue. We value your comments and suggestions, so please email us at journals{at}investmentresearch.org.

TOPICS: Big data/machine learning, financial crises and financial market history, exchanges/markets/clearinghouses

Brian Bruce

Editor-in-Chief

Footnotes

  • Publisher’s Note:

    Institutional Investor, the publisher of The Journal of Trading, wants to extend a special thank you to the sponsor for supporting The Journal of Trading. Please note that no sponsor has influence on the editorial content found in The Journal of Trading. Representatives from any firm are encouraged to submit an article to our independent editor, Brian R. Bruce, for review and prospective acceptance into the publication. All editorial submissions, acceptances, and revisions are the sole decision of Mr. Bruce. The editorial submission guidelines are found on the last page of the publication. Thank you, and I hope you enjoy this and future issues of The Journal of Trading.

    Allison Adams

    Group Publisher, Institutional Investor Journals, aadams{at}iijournals.com

  • © 2013 Pageant Media Ltd

PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Trading: 9 (1)
The Journal of Trading
Vol. 9, Issue 1
Winter 2014
  • Table of Contents
  • Index by author
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Trading.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Editor’s Letter
(Your Name) has sent you a message from The Journal of Trading
(Your Name) thought you would like to see the The Journal of Trading web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
Editor’s Letter
The Journal of Trading Dec 2013, 9 (1) 1; DOI: 10.3905/jot.2013.9.1.001

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Editor’s Letter
The Journal of Trading Dec 2013, 9 (1) 1; DOI: 10.3905/jot.2013.9.1.001
del.icio.us logo Digg logo Reddit logo Twitter logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Footnotes
  • Info & Metrics
  • PDF

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow PMR on LinkedIn
  • Follow PMR on Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2022 Pageant Media Ltd | All Rights Reserved | ISSN: 1559-3967 | E-ISSN: 2168-8427

  • Site Map
  • Terms & Conditions
  • Privacy Policy
  • Cookies