Covariance estimation and dynamic asset-allocation under microstructure effects via Fourier methodology / Maria Elvira Mancino and Simona Sanfelici -- Market liquidity, stock characteristics and order cancellations : the case of fleeting orders / Bidisha Chakrabarty and Konstantin Tyurin -- Market microstructure of the foreign exchange markets : evidence from the electronic broking system / Yuko Hashimoto and Takatoshi Ito -- The intraday analysis of volatility, volume and spreads : a review with application to futures' markets / Dean Fantazzini -- The consumption-based capital asset-pricing model (CCAPM), habit-based consumption and the equity premium in an Australian context / David E. Allen and Lurion Demello -- Testing the lower partial moment asset-pricing models in emerging markets / Javed Iqbal, Robert D. Brooks and Don U.A. Galagedera -- Asset pricing, the Fama-French factor model and the implications of quantile-regression analysis / David E. Allen, Abhay Kumar Singh and Robert Powell -- The value of liquidity and trading activity in forecasting downside risk / Lidia Sanchis-Marco and Antonio Rubia -- Portfolio selection with time-varying value-at-risk / Erick W. Rengifo and Jeroen V.K. Rombouts -- A risk and forecasting analysis of West Texas intermediate prices / David E. Allen and Abhay Kumar Singh.