The competition between SEAQ International and Continental European equity markets to attract transactions in the most actively traded European stocks has intensified since the late 1980s. Because their transactions are organised in a different manner, and because reporting standards are not the...

Based on two samples of non-financial large caps from the FTSE 100 and the CAC 40 and a third sample of non-financial mid caps from the SBF 120, this study looks at four monthly periods to compare market liquidity before and after the entry into effect of MiFID. Over the last monthly period,...

Propose des outils de gestion à l'usage des dirigeants, des créanciers et des repreneurs d'entreprises. Des informations tant sur l'aspect juridique de la question que sur la prévision des difficultés, des méthodes de diagnostic, d'évaluation et de restructuration des sociétés...

Manuel de gestion financière des entreprises traitant de la gestion des risques de change, de taux d'intérêt et de crédit.

This article provides new insights into market competition between traditional exchanges and alternative trading systems in Europe. It investigates the relationship between the trading activity of a crossing network (CN) and the liquidity of a traditional dealer market (DM) by comparing data...

Based on trade and quote data from eight exchanges and a trade reporting facility for a sample of LSE- and Euronext-listed equities, this article compares the consolidated liquidity of competing markets, also called global liquidity, and the local liquidity of the primary exchang, before and...