Do algorithm traders mitigate insider trading profits?: Evidence from the Thai stock market.

This paper asks whether algorithm traders (AT) mitigate insider trading profits in the Thai stock market over the period of 2010-2016. We find that in general it does but not in the case of buy side, big trades nor the executive trades. Our findings suggest that, to some extent, AT can take importan...

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Autores principales:	Nopparat Wongsinhirun, Pattanaporn Chatjuthamard, Sirimon Treepongkaruna, Tanakorn Likitapiwatc
Formato:	article
Lenguaje:	EN
Publicado:	Public Library of Science (PLoS) 2021
Materias:	Medicine R Science Q
Acceso en línea:	https://doaj.org/article/0266c48cbfbc4699b9b813dc5475f678
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spelling	oai:doaj.org-article:0266c48cbfbc4699b9b813dc5475f6782021-12-02T20:06:27ZDo algorithm traders mitigate insider trading profits?: Evidence from the Thai stock market.1932-620310.1371/journal.pone.0255057https://doaj.org/article/0266c48cbfbc4699b9b813dc5475f6782021-01-01T00:00:00Zhttps://doi.org/10.1371/journal.pone.0255057https://doaj.org/toc/1932-6203This paper asks whether algorithm traders (AT) mitigate insider trading profits in the Thai stock market over the period of 2010-2016. We find that in general it does but not in the case of buy side, big trades nor the executive trades. Our findings suggest that, to some extent, AT can take important role to increase an efficiency in stock market by processing the public information and incorporating it into price at ultra-fast speed. Additional robustness checks based on the instrumental variable approach confirm our findings.Nopparat WongsinhirunPattanaporn ChatjuthamardSirimon TreepongkarunaTanakorn LikitapiwatcPublic Library of Science (PLoS)articleMedicineRScienceQENPLoS ONE, Vol 16, Iss 7, p e0255057 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Medicine R Science Q
spellingShingle	Medicine R Science Q Nopparat Wongsinhirun Pattanaporn Chatjuthamard Sirimon Treepongkaruna Tanakorn Likitapiwatc Do algorithm traders mitigate insider trading profits?: Evidence from the Thai stock market.
description	This paper asks whether algorithm traders (AT) mitigate insider trading profits in the Thai stock market over the period of 2010-2016. We find that in general it does but not in the case of buy side, big trades nor the executive trades. Our findings suggest that, to some extent, AT can take important role to increase an efficiency in stock market by processing the public information and incorporating it into price at ultra-fast speed. Additional robustness checks based on the instrumental variable approach confirm our findings.
format	article
author	Nopparat Wongsinhirun Pattanaporn Chatjuthamard Sirimon Treepongkaruna Tanakorn Likitapiwatc
author_facet	Nopparat Wongsinhirun Pattanaporn Chatjuthamard Sirimon Treepongkaruna Tanakorn Likitapiwatc
author_sort	Nopparat Wongsinhirun
title	Do algorithm traders mitigate insider trading profits?: Evidence from the Thai stock market.
title_short	Do algorithm traders mitigate insider trading profits?: Evidence from the Thai stock market.
title_full	Do algorithm traders mitigate insider trading profits?: Evidence from the Thai stock market.
title_fullStr	Do algorithm traders mitigate insider trading profits?: Evidence from the Thai stock market.
title_full_unstemmed	Do algorithm traders mitigate insider trading profits?: Evidence from the Thai stock market.
title_sort	do algorithm traders mitigate insider trading profits?: evidence from the thai stock market.
publisher	Public Library of Science (PLoS)
publishDate	2021
url	https://doaj.org/article/0266c48cbfbc4699b9b813dc5475f678
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Do algorithm traders mitigate insider trading profits?: Evidence from the Thai stock market.

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