Open AccessCurrency and Stock Exchanges: on the Efficiency Shoals
Author(s) -
Aleksandras Vytautas Rutkauskas,
Laura Kaleininkaitė
Publication year - 2005
Publication title -
ekonomika
Language(s) - English
Resource type - Journals
eISSN - 2424-6166
pISSN - 1392-1258
DOI - 10.15388/ekon.2005.17411
Subject(s) - currency , inefficiency , trading strategy , portfolio , business , profit (economics) , stock (firearms) , financial economics , stock exchange , algorithmic trading , economics , monetary economics , finance , microeconomics , mechanical engineering , engineering
The purpose of this article is to define the preliminary results of investigation of decision-making management in currency and stock exchanges. The object of the research is decision-making management in currency and capital markets. A particular aim of the research has been creation and practical utilization of a currency and stock trading system which relies upon historical data and provides for trading strategies with a guarantee ensuring positive trading results. The conceptual aim of the paper is to show (according to specially elaborated simple portfolio trading strategies) that today’s currency exchange rate and capital markets offer real possibilities to get a bigger than average trading profit, i.e. to show that in these markets there are some “shoals” of effectiveness, which can be realized as inefficiency features of these markets.