The author analyzes the relationship between market structure and the flash crash. The
proliferation of trading venues has resulted in a market that is more fragmented than ever …

In Exchange-Traded Funds and the New Dynamics of Investing, Ananth Madhavan
examines the quiet transformation of asset management through the rise of passive or index …

Exchange-traded funds (ETFs) have grown substantially in diversity and size in recent years,
reflecting a broader shift toward passive, index investing. As a consequence, there is …

In this article, we make sense of financial algorithms as new objects of concern for
organizational ethnography. We conceive of algorithms as 'objects of ignorance'jeopardizing …

Exchange-traded funds (ETFs) are among the fastest-growing types of innovative financial
products. The emergence and spread of these instruments have been facilitated by the …

I investigate the relation between exchange-traded fund (ETF) flows and their underlying
securities' returns using a unique fund-level database covering US equity ETFs, adjusted for …

This study sets out to examine the dynamics of price discovery between the S&P 500 index
and its derivative products: the index futures, the index options, the S&P 500 exchange …

Purpose: The study investigates tracking and pricing efficiencies of selected exchange
traded funds (ETFs) in India. Design/methodology/approach: The study applies different …

We introduce a new indicator of relative liquidity, equivalent volume (EV), based on the
amount of a stock traded indirectly through its inclusion in ETFs. We hypothesize that the EV …

The volatility of asset returns can be classified into market and firm-specific volatility,
otherwise known as idiosyncratic volatility. Idiosyncratic volatility is increasing over time with …