Add to ORKGTwo important characteristics of current European equity markets are rooted in changes in financial regulation (the Markets in Financial Instruments Directive). The regulation (i) allows new trading venues to emerge, generating a fragmented market place and (ii) allows for a substantial fraction of trading to take place in the dark, outside publicly displayed order books. This paper evaluates the impact on liquidity of fragmentation in visible order books and dark trading for a sample of 52 Dutch stocks. We consider global liquidity by consolidating the entire limit order books of all visible European trading venues, and local liquidity by considering the traditional market only. We find that fragmentation in visible order books improves gl...
This paper examines the impact of trading on markets partially exempt from National Market System re...
This paper provides an overview of the knowledge available to date on market fragmentation and its c...
This research investigates the structure and organization of financial markets. In particular, it co...
Two important characteristics of current European equity markets are rooted in changes in financial ...
Two important characteristics of current European equity markets are rooted in changes in financial ...
Two important characteristics of current European equity markets are rooted in changes in financial ...
Two important characteristics of current equity markets are the large number of competing trading ve...
Two important characteristics of current equity markets are the large number of competing trading ve...
Based on data from eight exchanges and a trade reporting facility for a large sample of LSE- and Eur...
Based on trade and quote data from eight exchanges and a trade reporting facility for a sample of LS...
We investigate the effects of fragmentation in equity markets on the quality of trading outcomes in ...
This book chapter provides an overview of market fragmentation in Europe since the first implementat...
The Future of Computer Trading in Financial Markets - Driver Review 19, Foresight, Government Office...
We exploit the implementation of the double volume cap regulation introduced under the Markets in Fi...
Exchanges nowadays routinely operate multiple, almost identically structured limit order markets for...
This paper examines the impact of trading on markets partially exempt from National Market System re...
This paper provides an overview of the knowledge available to date on market fragmentation and its c...
This research investigates the structure and organization of financial markets. In particular, it co...
Two important characteristics of current European equity markets are rooted in changes in financial ...
Two important characteristics of current European equity markets are rooted in changes in financial ...
Two important characteristics of current European equity markets are rooted in changes in financial ...
Two important characteristics of current equity markets are the large number of competing trading ve...
Two important characteristics of current equity markets are the large number of competing trading ve...
Based on data from eight exchanges and a trade reporting facility for a large sample of LSE- and Eur...
Based on trade and quote data from eight exchanges and a trade reporting facility for a sample of LS...
We investigate the effects of fragmentation in equity markets on the quality of trading outcomes in ...
This book chapter provides an overview of market fragmentation in Europe since the first implementat...
The Future of Computer Trading in Financial Markets - Driver Review 19, Foresight, Government Office...
We exploit the implementation of the double volume cap regulation introduced under the Markets in Fi...
Exchanges nowadays routinely operate multiple, almost identically structured limit order markets for...
This paper examines the impact of trading on markets partially exempt from National Market System re...
This paper provides an overview of the knowledge available to date on market fragmentation and its c...
This research investigates the structure and organization of financial markets. In particular, it co...