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Cover of Competition for Order Flow and the Theory of Global Games

Competition for Order Flow and the Theory of Global Games

The Impact of Alternative Trading Systems on Securities Markets

by Jutta Dönges

Deutscher Universitatsverlag

₹4,237

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From the publisher

The proliferation of alternative trading systems has increased competition for order flow in financial markets significantly and renewed the debate on fragmentation versus consolidation. Market microstructure models that analyze liquidity-based intermarket competition typically exhibit multiple equilibria, making it difficult to determine whether fragmentation or consolidation of order flow will occur. Jutta A.

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Book details

ISBN-13
9783824474264
ISBN-10
3824474263
Author
Jutta Dönges
Condition
New
See all