@lugaricano FIFA also set a precedent last year by later cutting prices for the club World Cup, which may impact consumers’ beliefs about the likelihood of price cuts this go round
@SteveThunderfan Yeah just wouldn’t agree that it was selling high or an overpay bc a lot of the draft comp was for the contract (if a back end starter has 3 more years at 4 mil a year, they’d fetch a lot more than the 25th pick and three seconds)
Overall, despite limited oversight, this market seems reasonably healthy. More details, including a discussion of institutional details, can be found in the paper at the link below
SSRN link: https://t.co/1GEvSEoP2B
Have new research with Andriy Shkilko and Ingrid Werner on 24-hour trading
We document big growth in US equity trading between 8 PM and 4 AM (what we call nocturnal trading)
We consider the implications for prices and market quality
Short thread (link at end)
While effective spreads during nocturnal hours are worse compared to regular hours, realized spreads (a measure of intermediation costs) are about the same or better
We also find significant price discovery between 8 PM and 4 AM, particularly for exchange-traded products
@sammy_rosen Amex platinum is nice if you fly Delta regularly. Gets you access to centurion lounge and delta lounges. Fee is high (over $600) but you get sign up bonus points plus decent other annual benefits.
At https://t.co/zRXAFa9ag6 today, Chester Spatt (Carnegie Mellon) will present "What does best execution look like?" Tune in at 5 pm (CET) / 11 am (EDT).
Submit your papers to the UGA finance football conference! Deadline is March 22.
A small set of presentations/discussions on Sept. 6, followed by a fun dinner. Then tailgating and a college football game on the 7th!
Link: https://t.co/HaBYF6oRZK