This article examines how the introduction of an ETF replicating a stock index impacts on the liquidity of the … underlying stocks when the ETF market involves liquidity providers (LPs). We find that index stock spreads decline, relative to … those of non-index stocks, after the introduction of the ETF but this liquidity improvement is not driven by changes in …

This article examines how the introduction of an ETF replicating a stock index impacts on the liquidity of the … underlying stocks when the ETF market involves liquidity providers (LPs). We find that index stock spreads decline, relative to … those of non-index stocks, after the introduction of the ETF but this liquidity improvement is not driven by changes in …

This article examines how the inception of an ETF market impacts several dimensions of the liquidity of the ETF …-underlying-index stocks. In contrast with previous research, our evidence is based on an ETF market where liquidity providers (LPs) act as … because some large liquidity traders exit the underlying stocks’ market for the ETF market. Some statistics suggest that those …

This article examines how the inception of an ETF market impacts several dimensions of the liquidity of the ETF …-underlying-index stocks. In contrast with previous research, our evidence is based on an ETF market where liquidity providers (LPs) act as … because some large liquidity traders exit the underlying stocks’ market for the ETF market. Some statistics suggest that those …

systems in Europe. It investigates the relationship between the trading activity of a crossing network (CN) and the liquidity … spreads are negatively related to CN executions. Risk-sharing benefits from CN trading dominate fragmentation and cream …-skimming costs. Further, risk-sharing gains are found to be related to dealer trading in the CN. …

Following the adoption of a liquidity support programme by the Warsaw Stock Exchange in June 2008, this paper … investigates the corporate financial signals on which firms can rely in their communication to investors to enhance the liquidity … liquidity of the shares of Polish firms listed on the WSE. Our analysis notably confirms the role played by corporate financial …

conditions for linearity of the function are presented in terms of market liquidity. We also present a suitable functional form …

in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate …

excesses. This paper reviews existing theory and evidence on the efficacy of an FTT in fulfilling those tasks, on its potential …