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Competition among high-frequency traders, and market quality
Breckenfelder, Johannes - 2019
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
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Competitiveness in the Ukrainian Stock Market and Local Crisis of 2013–2015
Plastun, Oleksiy - 2018
This paper investigates competitiveness in the Ukrainian stock market during local crisis of 2013–2015. The following hypothesis is tested: crisis decreases competitiveness in the stock market. The analysis is carried out for the most liquid stocks in the Ukrainian Exchange (UX) over the...
Persistent link: https://www.econbiz.de/10012920837
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The competitive stock market as cartel maker : some examples
Rubinstein, Ariel; Yaari, Menahem E. - 1983
Persistent link: https://www.econbiz.de/10002720167
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Competitive Markovian Pricing
Du, Haokun; Hu, Bin; Katok, Elena - 2023
setting, competition may improve retailer profits and price synchronization may reduce retailer profits, both of which are …
Persistent link: https://www.econbiz.de/10014255749
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Competition in Securities Markets : The Impact on Liquidity
Chlistalla, Michael - 2012
Competition for order flow has been widely documented for US markets, but it seems to be a relatively new phenomenon in …
Persistent link: https://www.econbiz.de/10013115292
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Product Market Competition and Predatory Stock Price Manipulation
Matta, Rafael - 2020
further unveils product market competition as a channel through which buy orders increase manipulation profits, providing new …
Persistent link: https://www.econbiz.de/10012839910
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Competition in Securities Markets : The Impact on Liquidity
Chlistalla, Michael - 2017
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
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Information, Competition, and Investment Sensitivity to Peer Stock Prices
Ozoguz, Arzu - 2018
to peer prices varies with industry competition and whether the prices reflect firm-specific or industry information …
Persistent link: https://www.econbiz.de/10012921345
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Competition for Order flow and Price Discovery : The Curious case of High-tech Entrants
Ibikunle, Gbenga - 2015
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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Minimum Price Increment, Competition for Liquidity Provision, and Price Discovery
Fleming, Michael J.; Nguyen, Giang; Ruela, Francisco - 2021
This paper studies the effects of a recent tick size reduction in the U.S. Treasury securities market. We find significantly narrower bid-ask spreads, increased trading activity, improveddepth within one old tick despite lower overall market depth, and improved price efficiency.Moreover, slow...
Persistent link: https://www.econbiz.de/10013244513