Two important characteristics of current equity markets are the large number of competing trading venues with publicly displayed order books and the substantial

Two important characteristics of current equity markets are the large number of trading venues with publicly displayed order books and the substantial fraction

Two important characteristics of current European equity markets are rooted in changes in financial regulation (the Markets in Financial Instruments Directive).

We investigate the effects of fragmentation of equity trading on the quality of the trading outcomes specifically, volatility, liquidity and volume. We use pane

This timely book explores the pressing topic of dark trading. Following new EU legislation regulating financial markets (MiFID II and MiFIR), it traces the rapi