In this paper, the authors study the changes in liquidity following the introduction of a new electronic limit order market when, prior to its introduction, trading is centralized in a single limit order market. They also study how automation of routing decisions and trading fees affect the...

This paper presents the specificities of Hungarian foreign trading firms from different perspectives, like concentration, efficiency and sectoral structure. Hungarian trade is highly concentrated similarly to other countries. Trading firms are more efficient than their non-trading peers,...