Abad, David; Rubia, Antonio - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1999
liquidity. The main motive of this study is to verify whether the improvements that the advocates of the new trading system have … subjected to empirical evaluation. To do so, the effect that this innovation has had on the indicators of liquidity, returns and … the imposition of the new negotiating system, since a significant worsening wasobserved in liquidity and returns, whereas …