Informed Traders as Liquidity Providers Evidence from the German Equity Market
Most market places in today’s exchange industry operate on fully electronic trading systems. The predominant form of trading systems is the open limit order book pooling all buy and sell limit orders in one single order book. The attractiveness of an order book is determined by its liquidity. Conseq...
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| Format: | eBook |
| Language: | English |
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Wiesbaden
Deutscher Universitätsverlag
2007, 2007
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| Edition: | 1st ed. 2007 |
| Series: | ebs-Forschung, Schriftenreihe der EUROPEAN BUSINESS SCHOOL Schloß Reichartshausen
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| Online Access: | |
| Collection: | Springer eBooks 2005- - Collection details see MPG.ReNa |
Table of Contents:
- Institutional Set-up and Academic Framework
- Institutional Setting
- Liquidity
- Informed Trading
- Informed Trading and Liquidity
- Empirical Analyses
- Research Design
- Market Description: Liquidity and Informed Trading
- Trader Classification
- Liquidity Demand and Supply Behavior of Informed Traders
- Résumé