Rieger, Jörg; Rüchardt, Kirsten; Vogt, Bodo - Fakultät für Wirtschaftswissenschaft, … - 2011
This paper investigates both the no-arbitrage condition and the efficiency of financial markets by comparing two stock markets: the New York Stock Exchange (NYSE) and the German Exchange Electronic Trading System (XETRA). We analyze German stocks that are traded simultaneously at both exchanges...