Can transparent markets survive?

Article Abstract:

The impact of competition between more transparent and less transparent markets is examined in detail.

Economics, Research and Development in the Social Sciences and Humanities, Business, Economic aspects, Laws, regulations and rules, Markets (Economics)

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The "make or take" decision in an electronic market: evidence on the evolution of liquidity

Article Abstract:

A study of the electronic market of financial assets is presented. The effect on liquidity in these markets is based on the traders submitting their orders to buy or sell the assets.

United States, Liquidity (Finance), Electronic trading (Securities), Online securities trading

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Does order preferencing matter?

Article Abstract:

Order preferencing has been proven to create substantial effects on the financial performance of dealers in the market. By allowing a portion of the order flow to be executed by a designated trader, it was shown that preferencing generates a detrimental effect on the performance of dealers, particularly when orders constitute a significant portion of the market. Preferencing has also been shown to reduce the informational efficiency of prices and pose disadvantages to liquidity traders. These effects, however, do not manifest in settings where more than one dealer fail to acquire an order.

Stocks & Other Equity Securities, Evaluation, Preferred stocks

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• Abstracts: The productivity impact of IT deployment: an empirical evaluation of ATM introduction. The determinants of corporate divestment: Evidence from a panel of UK firms

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