Two Australian research centres already responsible for some of the biggest innovations in market quality enhancements in health, capital and other markets have merged – creating a global translational research powerhouse based in Sydney. Capital Markets CRC and SIRCA both have outstanding individual track records of success in bringing global industry together with Australian and
Health PhD candidate Jo Khoo was a guest host alongside Dr Amalie Dyda on the soundcloud podcast “Stories in Public Health” interviewing with the Director of Health Services Management Centre Professor Judith Smith, University of Birmingham. In the podcast, Professor Judith Smith shares her professional journey into health services research and management. Her own research
We are pleased to announce the China Securities Market Quality Report and the China Market Quality Cooperative Research Centre were launched April 21 in China. It follows the successful award of the China Scholarship Council to support higher degree research collaboration between CMCRC, Macquarie University and Nankai University. The 475 page report was well received by
CEO Professor Michael Aitken AM and Head of Regulatory Practice Ann Leduc attended the black-tie event on Wednesday 18th October 2017. This is not the first time CMCRC have been invited to the occasion. In 2016 the Prime Minister’s Prize for Innovation was awarded to Professor Michael Aitken for his work creating and commercialising tools that are
This paper analyzes how a maker-taker fee reduction affects market competition, liquidity, and high frequency trading. The purposes are threefold: 1) whether reducing the exchange maker-taker fee attracts liquidity from off-exchange venues; 2) holding the net exchange fee relatively constant, whether the components of the maker-taker fee change matter; and 3) how HFT responds to
The shift from defined benefit to defined contribution superannuation schemes within developed countries has correspondingly increased the importance of retirement savings and investment plans. Variable annuities (VAs) with guaranteed minimum benefits (GMBs) are gaining in popularity as products that can meet the demands of the ageing population. However, guaranteeing policyholders a minimum level of return
Are rules and their enforcement effective at mitigating insider trading? A study shows that rules and surveillance together have the potential to mitigate the perpetration of market manipulation but also to exacerbate the profits from such manipulative activities. Insider trading can be facilitated by several forms of market manipulation that are not, strictly speaking, by
Evidence from UK interest rate futures market reveals that traders have been “drowning” the market with oversized orders, increasing their allocation under a pure pro-rata matching algorithm. The 2007 introduction of a time element to the order matching mechanism has modified the behaviour of traders. No longer is the order book drowned with orders which