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Purpose - The purpose of this paper is to obtain new empirical evidence about the connections between equity trading activity and five possible liquidity determinants: market capitalisation, dividend yield, earnings yield, company growth and the distinction between recently listed firms as...
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This paper investigates the state and process of integration of the European securities market infrastructure. The … finds that, despite the single currency, the euro area securities infrastructure remains highly fragmented and … groups of market infrastructure. Economies of scale and scope and positive network externalities inherent in the securities …
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European equity trading mainly takes place in electronic order-driven systems. In those systems two groups of traders post their orders. One group makes liquidity by submitting limit orders while the other takes liquidity by submitting market orders. A high degree of liquidity is widely seen as...
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