Essay About Mongolian Stock Market And Rolls Spread

The Analysis in Mongolian Stock Market Current Standing and Future Development
Essay Preview: The Analysis in Mongolian Stock Market Current Standing and Future Development
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This thesis was the result of primary initiative, which leads to perform an academic work related
with the stock market in Mongolia
The essential way to improve the standing of the Mongolian stock market is to enhance the
liquidity through some concerns included in literature review, such us extension of trading hours,
market transparency and market liberalization or internationalization. Continual analysis of the
market performance based on all usable data is important for more confidence and reasonability of
the measures to be implemented over time, in order to achieve better performance.
According to research methodology we estimated liquidity proxies and analyzed time series,
bivariate correlation and simple regression. In addition, we also completed Mongolian stock market
SWOT analysis based on previous sections and the background of its market participants. Though
there might be realized somewhat optimistic assumption or trust, in which there will be good
opportunity and domestic potential to develop the stock market in Mongolia, another part was not
left, also considered.
There are also some objectives, which oriented to improve the current standing of Mongolian
stock market, expecting that mid and long term positive implications. In here:
1. Improvement in the quality of stock market- focused research and methodology
2. Promote the mergers between broker dealing companies to increase their competitiveness
and financial capability
3. Effective use of Electronic trading systems (ETS) offering to investors the opportunity to get
benefit from active online trading
4. Full- exposure and optimal use of domestic market potential
5. Progress to advanced market infrastructure
6. Well- formulated state policy to support market participants
Limitations and future work
Low-frequency data in our analysis provide estimates that have much higher variance. Though
we recognize the relevance of, and interest in, the estimation of other liquidity proxies, such us
Rolls spread, LOT measure (Lesmon, Ogden,