Mishra, Suchismita; Zhao, Le - In: Journal of risk and financial management : JRFM 14 (2021) 11, pp. 1-32
This paper reviews the up-to-date theoretical, empirical, and experimental literature related to the trading venue choice in the context of the fragmented equity markets. We provide a brief background on the history of trading fragmentation in the equity market and its determinants. We discuss...