found this published in 2010
http://mitsloan.mit.edu/neudc/papers/paper_383.pdf
talks about how large institutions exploit inefficiencies which always disappear as the years go by. Looks at an interesting case of the Indian commodities market which opened in 2003 and started out with a lot of uninformed traders, making it a momentum-traders dream but only for a few years.
http://mitsloan.mit.edu/neudc/papers/paper_383.pdf
talks about how large institutions exploit inefficiencies which always disappear as the years go by. Looks at an interesting case of the Indian commodities market which opened in 2003 and started out with a lot of uninformed traders, making it a momentum-traders dream but only for a few years.