others, suggesting that there is no speed advantage. HFTs lead price discovery, and neither harm nor improve liquidity. They …

-opening period contributes to market quality, defined by price discovery and liquidity provision, in the opening auction. We use a …

This paper examines the dynamic relationship between credit risk and liquidity in the sovereign bond market in the … context of the European Central Bank (ECB) interventions. Using a comprehensive set of liquidity measures obtained from a … risk, as measured by the Italian sovereign credit default swap (CDS) spread, generally drive the liquidity of the market: a …

Do competition and incentives offered to designated market makers (DMMs) improve market liquidity? Using data from the … small changes in rebates and requirements for DMMs, do not have any tangible effect on market liquidity. Our analysis shows … that incentivizing DMMs might not necessary lead to an improvement of market liquidity unless exchanges induce greater …

: the deterioration of bond market liquidity, the increased bond specialness on the repurchase agreement market, and the …

Do competition and incentives offered to designated market makers (DMMs) improve market liquidity? Using data from NYSE … in rebates and requirements for DMMs, do not have any tangible effect on market liquidity. Our results are of relevance …

Do competition and incentives offered to designated market makers (DMMs) improve market liquidity? Using data from NYSE … changes in rebates and requirements for DMMs, do not have any tangible effect on market liquidity. Our results are of …

: the deterioration of bond market liquidity, the increased bond specialness on the repurchase agreement market, and the …

We study the impact of transparency on liquidity in OTC markets. We do so by providing an analysis of liquidity in a … the U.S., the determinants of German corporate bond liquidity are in line with search theories of OTC markets. Third ….S. Our results support the notion that, while market liquidity is generally higher in transparent markets, a sub-set of bonds …