We analyze empirically the determinants of Eurozone Treasury bills yields. Market microstructure as well as macroeconomic variables are found to significantly impact yields. Secondary trading in a centralized transparent electronic limit order book enhances liquidity and thus reduce yields....

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 matching procedure...

Cet ouvrage décrit l'organisation d'un marché d'actions et expose les concepts de base de la gestion de portefeuille et des risques : la rentabilité, la volatilité, l'hostilité au risque, les principes et les avantages de la diversification. Il présente les modèles linéaires...