Informed Traders as Liquidity Providers
Alexandra Hachmeister
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Description for Informed Traders as Liquidity Providers
Paperback. Series: Ebs-forschung, Schriftenreihe Der European Business School Schloss Reichartshausen. Num Pages: 179 pages, biography. BIC Classification: KFF. Category: (P) Professional & Vocational. Dimension: 235 x 155 x 11. Weight in Grams: 333.
Today, the majority of large international stock exchanges operates electronic trading systems and abandons more and more floor trading which relies upon specialists and market makers. The preferred trading mechanism is the so-called open limit order book, which induces continuous double auction trading without any market participants designated to facilitate trading through their own trading activity. Trading in these market structures is considered the more attractive the smaller the spread between the highest buy and the lowest sell limit order, i.e. the more liquid a market is. This leads to the question which market participants are willing to enter buy ... Read more
Today, the majority of large international stock exchanges operates electronic trading systems and abandons more and more floor trading which relies upon specialists and market makers. The preferred trading mechanism is the so-called open limit order book, which induces continuous double auction trading without any market participants designated to facilitate trading through their own trading activity. Trading in these market structures is considered the more attractive the smaller the spread between the highest buy and the lowest sell limit order, i.e. the more liquid a market is. This leads to the question which market participants are willing to enter buy ... Read more
Product Details
Format
Paperback
Publication date
2007
Publisher
Deutscher Universitats-Verlag Germany
Number of pages
179
Condition
New
Series
Ebs-forschung, Schriftenreihe Der European Business School Schloss Reichartshausen
Number of Pages
179
Place of Publication
Wiesbaden, Germany
ISBN
9783835007550
SKU
V9783835007550
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Alexandra Hachmeister
Dr. Alexandra Hachmeister promovierte bei Prof. Dr. Dirk Schiereck am Stiftungslehrstuhl Bank- und Finanzmanagement der European Business School, Oestrich-Winkel. Sie ist derzeit als Mitarbeiterin der Deutsche Börse AG tätig.
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