The average commission on an Asian stock trade fell to 0.11% of trade value last year, from 0.14% in 2007, data from McKinsey showed.
WSJ: Asian Brokers Benefit From Rising Stock-Trading Volumes
Yet each day we carry our phones everywhere without even giving it much thought because we are willing to trade value and convenience for our privacy.
We think the Fed underestimates this linkage, in part by using the trade-weighted value of the dollar rather than the absolute value (the trade-weighted dollar mixes together changes in the dollar with changes in the value of foreign currencies).
And if the value of trade is in the imports then gaining the value of free trade is very simple indeed.
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But ETFs trade and are priced throughout the trading day, and although ETFs provide a calculation of their portfolio value, ETFs often trade above or below that value.
Home builders trade at book value today but sold for half of book in 1991.
The pound's trade-weighted value rose by more than 20% between August 1996 and August 1997.
The operation apparently compromised massive amounts of highly-confidential and classified information, including high-value trade and technology secrets.
Sterling has lost 15% of its trade-weighted value over the past year, and 5% over the past month.
But there is no guarantee that ETFs will trade at the value of their underlying net assets (NAV).
The euro's trade-weighted value, however, has risen by much less, taking it back to its value at launch in January 1999.
Given the fall in the pound of about 25% in its trade-weighted value from mid-2007, Britain's trading performance has been rather disappointing.
Any customer experience works when it solves a clearly defined need or problem or desire someone would trade something of value to solve.
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The gadget does need to be in good working order and returned with the original parts to receive the maximum amount of trade-in value.
One reason is that, although the dollar has fallen sharply against the euro, its broad trade-weighted value has fallen by only 8% over the past 12 months.
The dollar's trade-weighted value declined by 0.9% over the week.
Air freight offers speed for the 40% of the world's trade (by value) that travels in cargo flights or in the hold of passenger aircraft, but it costs ten times more than sea transport.
This is an impossible task, no matter how smart or well-motivated our rules claim to be, because every individual has his or her own unique incentives, information, and preferences in making price-value trade-offs for care.
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The company will give you a trade-in value for the used device, but it remains to be seen whether the delta between that and the payoff will, on average, be lower than the typical ETF.
Even though Britain relies more than other European countries on Asian trade and investment, sterling should have the bigger effect, given that the trade-weighted value of the pound is about 25% higher than in mid-1996.
But the hefty depreciation of around a quarter in sterling's trade-weighted value since mid-2007 will still bolster the economy by making British producers of tradable goods and services more competitive both in foreign markets and at home.
Usually they trade below that value.
WSJ: The Intelligent Investor: Yields So High, They Can't Be for Real
As local and international investors have fled Japan's stock market, some 40% of the 1, 500 companies that are the bluest chips of Japan (the first section of the Tokyo Stock Exchange) trade below breakup value (a price-to-book value of less than one).
In other words, because of the European-style exercise and the mean-reversion of volatility, VIX options will often trade at lower value than what seems appropriate during periods of high volatility (and vice versa in low volatility periods), particularly early on in the term of the option.
At Cornerstone, investors are receiving "distribution yields" of roughly 22% of net asset value, and the shares trade for much more than the value of their underlying assets.
WSJ: The Intelligent Investor: Yields So High, They Can't Be for Real
That research also found that Chinese labor accounted for only a few dollars of the iPod's value, even though trade statistics credited China with producing its full value.
Like many small state banks, its shares trade below their book value, indicating distress.
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