The Effect of News Positioning on Financial Markets

  title={The Effect of News Positioning on Financial Markets},
  author={Anastassia Fedyk},
This paper estimates the effect of presentation of information on financial markets, using a natural experiment in prominent “front page” positioning of news on the Bloomberg terminal. The front page and non-front page articles are indistinguishable by either algorithmic analysis or by the target audience of active finance professionals. Front page positioning induces 280% higher trading volumes and 180% larger price changes within the first ten minutes after news publication, followed by a… CONTINUE READING