Matching Procedures and Market Characteristics

The trading systems, used on financial markets, differ in terms of matching procedures, selected norms to write contracts, existence or not of intermediaries to ensure liquidity, market transparency... We are interested in measuring the direct effect on market specifics of a modification of the matching procedure, namely the matching frequency and the choice of a unique or multiple prices for the contracts concluded simultaneously.

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Year of publication:	1998
Authors:	Le Fol, G. ; Gourieroux, C.
Subject:	FINANCIAL MARKET \| VOLUME

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Type of publication:	Book / Working Paper
Notes:	36 pages
Classification:	C53 - Forecasting and Other Model Applications ; D4 - Market Structure and Pricing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005780777