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Author: Ian Domowitz Publisher: ISBN: Category : Languages : en Pages :
Book Description
Relationships between trading cost, technology, and the nature of intermediation in the trading services industry are discussed. Electronic markets are linked to reductions in trading costs. Lower explicit costs are related to system development and operating costs. Electronic order book information is identified as a means of realizing implicit cost savings. The concept of liquidity management in electronic environments is introduced, and its potential is empirically illustrated. The empirical results suggest new roles for brokerage and exchange operations, and competition between the two. Competitive advantage with respect to the provision of liquidity management services is compared across types of intermediaries.
Author: Ian Domowitz Publisher: ISBN: Category : Languages : en Pages :
Book Description
Relationships between trading cost, technology, and the nature of intermediation in the trading services industry are discussed. Electronic markets are linked to reductions in trading costs. Lower explicit costs are related to system development and operating costs. Electronic order book information is identified as a means of realizing implicit cost savings. The concept of liquidity management in electronic environments is introduced, and its potential is empirically illustrated. The empirical results suggest new roles for brokerage and exchange operations, and competition between the two. Competitive advantage with respect to the provision of liquidity management services is compared across types of intermediaries.
Author: Thierry Foucault Publisher: ISBN: Category : Languages : en Pages : 71
Book Description
We develop a model in which the speed of reaction to trading opportunities is endogenous. Traders face a trade-off between the benefit of being first to seize a profit opportunity and the cost of attention required to be first to seize this opportunity. The model provides an explanation for maker/taker pricing, and has implications for the effects of algorithmic trading on liquidity, volume, and welfare. Liquidity suppliers' and liquidity demanders' trading intensities reinforce each other, highlighting a new form of liquidity externalities. Data on durations between trades and quotes could be used to identify these externalities.
Author: Alexandra Hachmeister Publisher: Springer Science & Business Media ISBN: 3835095773 Category : Business & Economics Languages : en Pages : 188
Book Description
Alexandra Hachmeister’s thesis empirically analyzes and positively answers the question whether informed traders provide liquidity in an open limit order book. The analyses include a detailed market description of the German equity market, a new methodological approach for the identification of informed traders as well as the analysis of the individual liquidity providing and demanding behavior of the identified informed traders.
Author: Morten Balling Publisher: Psychology Press ISBN: 041529827X Category : Business & Economics Languages : en Pages : 387
Book Description
Technology has important implications for the earnings, cost, risks, competitiveness and location of financial institutions. In this work, leading international scholars discuss how financial supervision and regulation must be adapted to the new risks and new risk management methods.
Author: Shu-Heng Chen Publisher: IGI Global ISBN: 1591406498 Category : Business & Economics Languages : en Pages : 339
Book Description
"This book identifies the economic as well as financial problems that may be solved efficiently with computational methods and explains why those problems should best be solved with computational methods"--Provided by publisher.
Author: Harbhajan S. Kehal Publisher: IGI Global ISBN: 9781591403630 Category : Computers Languages : en Pages : 432
Book Description
Annotation Digital Economy provides information about the socioeconomic aspects of the digital economy. This set of eighteen essays covers the effects of digital economy on business transactions, technology and culture, as well as on education. It also covers various aspects of global production, trade, and investment and the effects of the Internet.
Author: Gbenga Ibikunle Publisher: Springer ISBN: 3319728474 Category : Business & Economics Languages : en Pages : 243
Book Description
This book explores the microstructure of carbon markets and the pricing of carbon financial instruments generally. It provides a critical microstructure analysis of the EU Emissions Trading Scheme (EU-ETS), and also examines the theoretical and related market design issues affecting emissions trading schemes. Individual chapters analyse how intraday pricing evolves in carbon markets, the price impact of block trades in carbon financial instruments and their determinants, short and long-term liquidity effects in carbon markets, and the links between carbon market liquidity and efficiency. The aforementioned issues are explored using case studies of two major trading platforms operating within the EU-ETS. The book concludes by focusing on future policy and regulatory challenges in carbon markets, especially with respect to addressing pricing volatility challenges.
Author: Benton E. Gup Publisher: Edward Elgar Publishing ISBN: 1786431130 Category : Economics Languages : en Pages : 335
Book Description
Anyone trying to understand finance has to contend with the evolving and dynamic nature of the topic. Changes in economic conditions, regulations, technology, competition, globalization, and other factors regularly impact the development of the field, but certain essential concepts remain key to a good understanding. This book provides insights about the most important concepts in finance.
Author: Howard, Caroline Publisher: IGI Global ISBN: 1522516816 Category : Computers Languages : en Pages : 382
Book Description
The role of technology in business environments has become increasingly pivotal in recent years. These innovations allow for improved process management, productivity, and competitive advantage. Strategic Information Systems and Technologies in Modern Organizations is an authoritative reference source for the latest academic research on the implementation of various technological tools for increased organizational productivity and management. Highlighting relevant case studies, empirical analyses, and critical business strategies, this book is ideally designed for professionals, researchers, academics, upper-level students, and managers interested in recent developments of technology in business settings.
Author: Cheng F. Lee Publisher: Center for PBBEFR & Airiti Press ISBN: 9865663619 Category : Business & Economics Languages : en Pages :
Book Description
Advances in Financial Planning and Froecasting (New Series) is an annual publication designed to disseminate developments in the area of financial analysis, planning, and forecasting. The publication is a froum for statistical, quantitative, and accounting analyses of issues in financial analysis and planning in terms of finance, accounting, and economic data.
Author: Ian Domowitz
Author: Ian Domowitz
Author: Thierry Foucault
Author: Alexandra Hachmeister
Author: Morten Balling
Author: Shu-Heng Chen
Author: Harbhajan S. Kehal
Author: Gbenga Ibikunle
Author: Benton E. Gup
Author: Howard, Caroline
Author: Cheng F. Lee