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We study empirically how competition among high-frequency traders (HFTs) affects their trading behavior and market …-frequency competition, and contains an exogenous event - a tick size reform - which we use to disentangle the effects of the rising share of … high-frequency trading in the market from the effects of high-frequency competition. We find that when HFTs compete, their …
Persistent link: https://www.econbiz.de/10012016546
&D alliances in the telecommunications and electronics industries during 1996-2004 provide evidence consistent with competition …
Persistent link: https://www.econbiz.de/10014046901
In March of 2000 the New York Stock Exchange proposed a merger with The Nasdaq Stock Market. Applying a qualitative assessment to the proposed merger from the organizations' perspective it is argued that the merger would be favorable for both organizations. Applying a quantitative assessment to...
Persistent link: https://www.econbiz.de/10012825721
We study empirically how competition among high-frequency traders (HFTs) affects their trading behavior and market …-frequency competition, and contains an exogenous event - a tick size reform - which we use to disentangle the effects of the rising share of … high-frequency trading in the market from the effects of high-frequency competition. We find that when HFTs compete, their …
Persistent link: https://www.econbiz.de/10012868588
Competition for order flow is widely documented for U.S. markets, but is a relatively new phenomenon in European …
Persistent link: https://www.econbiz.de/10012975961
I study empirically how competition among high-frequency traders (HFTs) affects their trading behavior and market …-frequency competition, and contains an exogenous event - a tick size reform - which I use to separate the effects of high-frequency trading … competition from the effects of the rising share of high-frequency trading in the market. I find that when HFTs compete, their …
Persistent link: https://www.econbiz.de/10012857042
The quality of ultra-high frequency quotes submitted to an entrant high-tech market (BATS Chi-X Europe – Chi-X) is compared to those of an established national exchange (London Stock Exchange – LSE). There are intraday variations regarding which platform impounds new information about the...
Persistent link: https://www.econbiz.de/10013033529
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