Quantitative Analysis of Market Microstructure: Order Flow and Liquidity
The field of market microstructure has gained significant attention from researchers and practitioners in recent years. It focuses on the analysis of the dynamics and characteristics of financial markets at a microscopic level, providing insights into the behavior of market participants, the impact of order flow on prices, and the liquidity of various securities. This […]
Demystifying the Carry Pair Phenomenon
The Carry Pair Phenomenon is a term often heard in financial circles, yet many people are unaware of what it actually means. In simple terms, it refers to a trading strategy that involves borrowing in a low-interest-rate currency to invest in a high-interest-rate currency. This strategy aims to make a profit by capitalizing on the […]