the preponderance of empirical evidence supports the claim that the common stock market is efficient in this form
What is the weak form?
100
indicators that can be classified into a group produced by organizations that subjectively select the stocks to be included in indexes
What is the Stock Market?
100
involves the sale of a security not owned by the investor at the time of sale.
What involves Short selling?
100
temporary halting of trading during a severe market decline.
What is a circuit breaker?
200
when the price of the security reflects the past price and trading history of the security
What is weak-form efficiency?
200
have come to perform a variety of functions, from serving as benchmarks for evaluating the performance of professional money managers to answering the question "How did the market do today?"
What are Stock Market Indicators?
200
transaction in which an investor borrows to buy shares using the shares themselves as collateral is called
What is buying on margin?
200
because of the interrelationship between the stock market, stock index futures market, and stock index options markets.
Why coordination across markets is important?
300
empirical evidence on insider trading argues against the notion that the market is efficient in this sense.
What is strong form?
300
important because of the interrelationship between the stock market, stock index futures market, and stock index options markets.
What is coordination across markets?
300
direct costs of trading, such as broker commissions, fees, and taxes.
What is an explicit cost?
300
because of the interrelationship between the stock market, stock index futures market, and stock index options markets.
Why coordination across markets is important?
400
market capitalization-weighted indexes has this tilt
What has a growth tilt?
400
temporary halting of trading during a severe market decline
What is a circuit breaker?
400
orders requiring the execution of trades in a large number of different stocks at as near the same time as possible.
What are program trades?
400
means that the price of the security reflects the past price and trading history of the security.
What means Weak-form efficiency?
500
fundamental indexes have this tilt
What has a value tilt?
500
with the exception of this one, all of the most widely used indexes are market-value weighted
What is Dow Jones Average?
500
Trading Arrangements for Retail and Institutional Investors
Clue: they provide liquidity to the market so that institutional trades can be executed.
What role does participants in the upstairs market play?