Proceedings of the 1st International Conference on Finance Economics and Business, ICOFEB 2018, 12-13 November 2018, Lhokseumawe, Aceh, Indonesia

Research Article

Stealth Trading Behaviour in Capital Market: A Literature Review

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  • @INPROCEEDINGS{10.4108/eai.12-11-2018.2288814,
        author={Ghazali  Syamni and Nasir  Aziz and Said  Musnadi and Faisal  Faisal and M. Shabri Abd Madjid},
        title={Stealth Trading Behaviour in Capital Market: A Literature Review},
        proceedings={Proceedings of the 1st International Conference on Finance Economics and Business, ICOFEB 2018, 12-13 November 2018, Lhokseumawe, Aceh, Indonesia},
        publisher={EAI},
        proceedings_a={ICOFEB},
        year={2019},
        month={10},
        keywords={behaviour stealth trading capital market},
        doi={10.4108/eai.12-11-2018.2288814}
    }
    
  • Ghazali Syamni
    Nasir Aziz
    Said Musnadi
    Faisal Faisal
    M. Shabri Abd Madjid
    Year: 2019
    Stealth Trading Behaviour in Capital Market: A Literature Review
    ICOFEB
    EAI
    DOI: 10.4108/eai.12-11-2018.2288814
Ghazali Syamni1,*, Nasir Aziz2, Said Musnadi2, Faisal Faisal2, M. Shabri Abd Madjid2
  • 1: Faculty of Economics and Business, Universitas Malikussaleh, Aceh Utara, Program in Management, Faculty of Economics and Business, Syiah Kuala University, Indonesia
  • 2: Faculty of Economics and Business, Syiah Kuala University, Indonesia
*Contact email: syamni_ghazali@yahoo.com

Abstract

the behaviour of hiding trade information in the capital market which is called stealth trading currently takes place in various capital markets in the world. This behaviour is performed by investors, in particular informed investors, by not sharing information with other investors during trade transactions. It is aimed to keep others investors from following the informed investors trading transactions in the capital market. Thus, this paper is intended to review and evaluate the existence of stealth trading in various capital markets in the world from an empirical perspective. In general, result of the review finds that, from an empirical perspective, stealth trading behaviour is still inconsistent in various capital markets in the world.