scholarly journals Liquidity in competitive dealer markets

2021 ◽  
Author(s):  
Peter Bank ◽  
Ibrahim Ekren ◽  
Johannes Muhle‐Karbe
Keyword(s):  
Dealer Markets

The Dynamics of Dealer Markets and Trading Costs

2004 ◽  
Author(s):  
Kee H. Chung ◽  
Youngsoo Kim
Keyword(s):  
Trading Costs ◽  
Dealer Markets

Dealer Markets Under Stress: The Performance of NASDAQ Market Makers During the November 15, 1991, Market Break

1998 ◽  
pp. 23-47 ◽  
Author(s):  
William Gary Christie ◽  
Paul Harvey Schultz
Keyword(s):  
Market Makers ◽  
Dealer Markets

scholarly journals Market Liquidity and Trader Welfare in Multiple Dealer Markets: Evidence from Dual Trading Restrictions

1999 ◽  
Vol 34 (1) ◽  
pp. 57 ◽  
Author(s):  
Peter R. Locke ◽  
Asani Sarkar ◽  
Lifan Wu
Keyword(s):  
Market Liquidity ◽  
Dealer Markets ◽  
Trading Restrictions

On Dealer Markets Under Competition

1980 ◽  
Vol 35 (2) ◽  
pp. 259-267 ◽  
Author(s):  
THOMAS HO ◽  
HANS R. STOLL
Keyword(s):  
Dealer Markets

scholarly journals Liquidity in Competitive Dealer Markets

2018 ◽  
Author(s):  
Peter Bank ◽  
Ibrahim Ekren ◽  
Johannes Muhle-Karbe
Keyword(s):  
Dealer Markets

Exit, Survival, and Competitive Equilibrium in Dealer Markets

2014 ◽  
Vol 49 (3) ◽  
pp. 435-460 ◽  
Author(s):  
Kee H. Chung ◽  
Chairat Chuwonganant
Keyword(s):  
Competitive Equilibrium ◽  
Dealer Markets

Models of Dealer Markets

2021 ◽  
pp. 25-42
Keyword(s):  
Dealer Markets

Asset Dissemination Through Dealer Markets

2021 ◽  
Author(s):  
Jean-Edouard Colliard ◽  
Gabrielle Demange
Keyword(s):  
Asymmetric Information ◽  
Customer Demand ◽  
Over The Counter ◽  
Dealer Markets

In over-the-counter markets for assets, such as bonds and securitizations, large volumes can be split into smaller pieces and gradually sold to several final investors with the intermediation of multiple dealers. This paper proposes a model to study this process, called asset dissemination. A dealer buys several units of an asset from a customer and then sells some units to the dealer’s customers and to a second dealer, who sells to the second dealer’s customers and to a third dealer, and so on. The extent of dissemination is measured by the number of dealers involved and the total customer demand served. We show that asymmetric information on customer demand hinders both dimensions of dissemination. We also study how the quantity to disseminate and the dealers’ funding costs impact dissemination and the prices and quantities in interdealer transactions. This paper was accepted by Gustavo Manso, finance.

scholarly journals Market Liquidity and Trader Welfare in Multiple Dealer Markets: Evidence From Dual Trading Restrictions

1998 ◽  
Author(s):  
Asani Sarkar ◽  
Peter R. Locke ◽  
Lifan Wu
Keyword(s):  
Market Liquidity ◽  
Dealer Markets ◽  
Trading Restrictions
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