The aim of the paper is to test whether different PTT levels are able to affect the volatility and liquidity of a Stock Exchange. Much research carried out over the last few years has attempted to describe these relationships, yet their empirical results have sometimes contradicted one another...

Covers ETFs - the hottest investment product of the new century. Explains the nature of this new investment class and all advantages of these instruments. Provides a deep insight into the market and the development of that asset class during the past ten years. Some of the information in this...