The introduction of the European Markets in Financial Instruments Directive (MiFID) ended the quasi-monopoly of national exchanges in equity trading across Europe and enabled alternative platforms, so-called multilateral trading facilities (MTF), to compete for order flow. This thesis analyzes whether MTFs contribute to liquidity and price discovery and elaborates on the question of market integration of fragmented European equity markets
Based on high frequency data from eight exchanges and a trade reporting facility for a sample of LSE...
Financial markets perform two major functions. The first is the provision of liquidity in order to ...
Based on trade and quote data from eight exchanges and a trade reporting facility for a sample of LS...
This paper provides an overview of the knowledge available to date on market fragmentation and its c...
The Future of Computer Trading in Financial Markets - Driver Review 19, Foresight, Government Office...
This book chapter provides an overview of market fragmentation in Europe since the first implementat...
Abstract Based on high frequency data from the most active marketplaces for 140 European large and m...
This empirical study based on data from several exchanges and trading platforms for a sample of 15...
This dissertation examines the impact of differential implicit and explicit transaction costs on mar...
After the implementation of MiFID (I and II), competition is a reality in all the European Cash Mark...
Autorité des Marchés Financiers, Research Department, AMF Working Papers #8Based on two samples of n...
This Ph.D. thesis joins the debate regarding the social benefit of HFT with the aim of contributing ...
In November 2007 the elimination of the concentration of trading on the Regulated Markets has genera...
With the Markets in Financial Instruments Directive in effect since November 2007, new trading venue...
Our study aims to examine whether market segmentation and competition manifested in the proliferatio...
Based on high frequency data from eight exchanges and a trade reporting facility for a sample of LSE...
Financial markets perform two major functions. The first is the provision of liquidity in order to ...
Based on trade and quote data from eight exchanges and a trade reporting facility for a sample of LS...
This paper provides an overview of the knowledge available to date on market fragmentation and its c...
The Future of Computer Trading in Financial Markets - Driver Review 19, Foresight, Government Office...
This book chapter provides an overview of market fragmentation in Europe since the first implementat...
Abstract Based on high frequency data from the most active marketplaces for 140 European large and m...
This empirical study based on data from several exchanges and trading platforms for a sample of 15...
This dissertation examines the impact of differential implicit and explicit transaction costs on mar...
After the implementation of MiFID (I and II), competition is a reality in all the European Cash Mark...
Autorité des Marchés Financiers, Research Department, AMF Working Papers #8Based on two samples of n...
This Ph.D. thesis joins the debate regarding the social benefit of HFT with the aim of contributing ...
In November 2007 the elimination of the concentration of trading on the Regulated Markets has genera...
With the Markets in Financial Instruments Directive in effect since November 2007, new trading venue...
Our study aims to examine whether market segmentation and competition manifested in the proliferatio...
Based on high frequency data from eight exchanges and a trade reporting facility for a sample of LSE...
Financial markets perform two major functions. The first is the provision of liquidity in order to ...
Based on trade and quote data from eight exchanges and a trade reporting facility for a sample of LS...