its peers, we find that it is indeed underdeveloped with respect to market capitalization. In terms of liquidity, on the …

We analyze the dynamics of liquidity in Xetra, an electronic open limit order book. We use the Exchange Liquidity … dimension of liquidity. We present descriptive statistics, analyze the cross-sectional determinants of the XLM measure and … document its intraday pattern. Our main contribution is an analysis of the dynamics of the XLM measure around liquidity shocks …

downlistings. We do observe, however, a deterioration of liquidity in these cases. The results call upon the legislator to take …

market liquidity are different in each market design. We test these predictions using a natural experiment. As of April 23 …

This paper presents the most extensive analysis of liquidity in the German equity market so far. We examine the … evolution of liquidity over time, the determinants of liquidity, and commonality across liquidity measures and countries. We … make use of a new publicly available dataset, the Market Microstructure Database Xetra (MMDB-Xetra). We find that liquidity …

fragmentation, the resulting implications for liquidity and price efficiency, and the role for public policy. Beyond the concerns …

book increases liquidity. We analyze whether the presence of additional DMMs results in a further improvement in liquidity …. Using data from Deutsche Börse's Xetra system we find that increases in the number of DMMs significantly improve liquidity …

this switch to anonymity on market liquidity and the informational content of the limit order book. Our empirical analysis … information on future volatility is public, the informational content of the bid-ask spread and market liquidity are identical in … anonymity alters the informational content of the bid-ask spread and market liquidity. For our sample stocks, we find that the …