Increased Efficiency in Electronic Markets: Liquidity vs. Informed Trading
This study examines market efficiency differences between open outcry and electronic exchanges under varying liquidity conditions for the FTSE-100 Index Futures Contract. In line with previous literature, this study finds that liquidity provision and market efficiency have increased on the electroni...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
People & Global Business Association (P&GBA)
2009-03-01
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| Series: | Global Business and Finance Review |
| Subjects: | |
| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150622151909-89X35.pdf |