Microstructure of world trading markets : a special issue of the Journal of financial services research

書誌事項

Microstructure of world trading markets : a special issue of the Journal of financial services research

edited by Hans R. Stoll

Kluwer Academic Publishers , Distributors for North America, Kluwer Academic Publishers, c1993

統一タイトル

Journal of financial services research

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注記

"Reprinted from the Journal of financial services research, vol. 6, no. 4 (1993)."

Pages also numbered 302-454

Includes bibliographical references

内容説明・目次

内容説明

This volume addresses various aspects of the microstructure of world trading markets and provides scientific evidence on the functioning of specific foreign markets. The study of market microstructure has previously focused on the U.S. markets, but with the rapid expansion in foreign markets there is a real need to understand the nature and functioning of foreign trading markets.

目次

Automating the Price Discovery Process: Some International Comparisons and Regulatory Implications.- Automated Securities Trading.- An Empirical Examination of Market Maker Profits on the London Stock Exchange.- Automating German Equity Trading: Bid-Ask Spreads on Competing Systems.- The Market Spread, Limit Orders, and Options.- The Settlement Day Effect in the French Bourse.- The Microstructure of Asian Equity Markets.

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