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Does Inter-Market Competition Lead to Less Regulation?
Draus, Sarah - Université Paris-Dauphine (Paris IX) - 2010
This paper presents a model to analyze the consequences of competition in order-flow between a profit maximizing stock exchange and an alternative trading platform on the decisions concerning trading fees and listing requirements. Listing requirements, set by the exchange, provide public...
Persistent link: https://www.econbiz.de/10010861379
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Centralised order books versus hybrid order books: a paired comparison of trading costs on NSC (Euronext Paris) and SETS (London Stock Exchange)
Gresse, Carole; Gajewski, Jean-François - Université Paris-Dauphine (Paris IX) - 2007
This article compares the cost of trading large capitalisation equities on the hybrid order-driven segment of the London Stock Exchange and the centralised electronic order book of Euronext. Using samples of stocks matched according to economic sector, free float capitalisation, and trading...
Persistent link: https://www.econbiz.de/10010905293
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Effects of the Competition between Multiple Trading Platforms on Market Liquidity : Evidence from the MiFID Experience
Gresse, Carole - Université Paris-Dauphine (Paris IX) - 2011
market fragmentation and internalization. Market fragmentation is found to improve global and local liquidity, with spreads … other factors than market fragmentation. The only harmful effect is that fragmentation may reduce market depth for small …
Persistent link: https://www.econbiz.de/10010707360
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Centralised order books versus hybrid order books: a paired comparison of trading costs on NSC (Euronext Paris) and SETS (London Stock Exchange)
Gajewski, Jean-François; Gresse, Carole - Université Paris-Dauphine (Paris IX) - 2004
This article compares the cost of trading large capitalisation equities on the hybrid order-driven segment of the London Stock Exchange and the centralised electronic order book of Euronext. Using samples of stocks matched according to economic sector, free float capitalisation, and trading...
Persistent link: https://www.econbiz.de/10010707560
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The Impact of Crossing on Market Quality : an Empirical Study on the UK Market
Gresse, Carole - Université Paris-Dauphine (Paris IX) - 2001
Persistent link: https://www.econbiz.de/10010708073
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The Effect of Crossing-Network Trading on Dealer Market's Bid-Ask Spreads
Gresse, Carole - Université Paris-Dauphine (Paris IX) - 2006
spreads are negatively related to CN executions. Risk-sharing benefits from CN trading dominate fragmentation and cream …
Persistent link: https://www.econbiz.de/10011093892
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Effects of Lit and Dark Trading Venue Competition on Liquidity : The MiFID Experience
Gresse, Carole - Université Paris-Dauphine (Paris IX) - 2013
-quote depth relate to market fragmentation and internalization after MiFID. Market fragmentation is found to improve global and … post-MiFID period is driven by other factors than market fragmentation. The only harmful effect is that fragmentation may …
Persistent link: https://www.econbiz.de/10011162105
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Ségrégation et fragmentation socio-spatiale – L’épreuve de la mesure
Wachsberger, Jean-Michel - Université Paris-Dauphine (Paris IX) - 2012
This note is a reflection on the meaning and scope of segregation and socio-spatial fragmentation indicators and … of segregation or fragmentation, they must nevertheless themselves be put to the test of sociological reasoning. The …
Persistent link: https://www.econbiz.de/10011166445
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De l’identification du salarié au discours officiel à l’intention d’action : la mise en évidence de profils ambivalents combinant engagement et résistance
Gagne, Jean-François; Josserand, Emmanuel - Université Paris-Dauphine (Paris IX) - 2012
Analyzing the diffusion within an organization of a new official identity discourse, we connect fragmented identification – defined in terms of opposing emotions, opposition between different levels of identification or opposition between the emotional and cognitive components – and...
Persistent link: https://www.econbiz.de/10011205316
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Joint Econometric Modeling of Spot Electricity Prices, Forwards and Options
Féron, Olivier; Monfort, Alain - Université Paris-Dauphine (Paris IX) - 2012
We propose a joint modeling of spot electricity prices, forwards prices and other derivative prices, using recent … prices, while allowing for a large flexibility in the modeling of dynamics, spikes, and seasonality, both in the historical …
Persistent link: https://www.econbiz.de/10010861561