Fragmentation and Market Quality in European Stock Markets
| Author | : Federica Salvadè |
| Publisher | : LAP Lambert Academic Publishing |
| Total Pages | : 92 |
| Release | : 2011-06-01 |
| ISBN-10 | : 3844382704 |
| ISBN-13 | : 9783844382709 |
| Rating | : 4/5 (709 Downloads) |
Book Synopsis Fragmentation and Market Quality in European Stock Markets by : Federica Salvadè
Download or read book Fragmentation and Market Quality in European Stock Markets written by Federica Salvadè and published by LAP Lambert Academic Publishing. This book was released on 2011-06-01 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work addresses two questions related to the market fragmentation debate: (i) How does the competition impact on the incumbent market liquidity? And on consolidated liquidity? (ii) Does the competition adversely affect the price discovery? In which market does the price discovery process take place? To this end we study the launch of Chi-x, a Multilateral trading facility, in the Italian market and in the English market.
