Informed Trading by Advisor Banks: Evidence from Options Holdings
Sign Up to like & getrecommendations! Published in 2019 at "Review of Financial Studies"
DOI: 10.1093/rfs/hhy072
Abstract: Strong conflicts of interest exist within investment banks: the investment banking division possesses substantial private information, and the asset management division seeks such information. This raises the question of whether the asset management division benefits… read more here.
Keywords: trading; advisor banks; evidence; informed trading ... See more keywords