Recent Trends in Trading Activity and Market Quality

CFA Digest ◽  
2011 ◽  
Vol 41 (4) ◽  
pp. 85-87
Author(s):  
Claire Emory
Keyword(s):  
Market Quality ◽  
Trading Activity ◽  
Recent Trends

scholarly journals Recent Trends in Trading Activity and Market Quality

2010 ◽  
Author(s):  
Tarun Chordia ◽  
Richard W. Roll ◽  
Avanidhar Subrahmanyam
Keyword(s):  
Market Quality ◽  
Trading Activity ◽  
Recent Trends

scholarly journals Recent trends in trading activity and market quality

2011 ◽  
Vol 101 (2) ◽  
pp. 243-263 ◽  
Author(s):  
Tarun Chordia ◽  
Richard Roll ◽  
Avanidhar Subrahmanyam
Keyword(s):  
Market Quality ◽  
Trading Activity ◽  
Recent Trends

Recent Trends in Trading Activity

2009 ◽  
Author(s):  
Richard W. Roll ◽  
Avanidhar Subrahmanyam ◽  
Tarun Chordia
Keyword(s):  
Trading Activity ◽  
Recent Trends

Paying for Market Quality

2009 ◽  
Vol 44 (6) ◽  
pp. 1427-1457 ◽  
Author(s):  
Amber Anand ◽  
Carsten Tanggaard ◽  
Daniel G. Weaver
Keyword(s):  
Financial Markets ◽  
Information Asymmetry ◽  
Cost Of Capital ◽  
Stock Exchange ◽  
Market Quality ◽  
Trading Activity ◽  
Limit Order ◽  
Limit Order Markets ◽  
Listed Firms ◽  
Liquidity Provision

AbstractMany financial markets, including electronic limit order markets, assign designated liquidity providers (LPs). We study the experience of the Stockholm Stock Exchange, where listed firms contract directly with LPs. Our analysis offers insights regarding situations where designated liquidity provision may be beneficial. In addition, we consider the form of liquidity provision contracts, including affirmative obligations required of the LP and compensation for LP services. We find that low current trading activity, wide spreads, and higher information asymmetry increase the attractiveness of contracted liquidity provision. The evidence indicates that LPs trade against market movements and in times of wide spreads. On balance, firms contracting with LPs experience a decreased cost of capital and significant improvements in market quality and price discovery.

Recent Trends in Internship Training

2005 ◽  
Author(s):  
Joyce Illfelder-Kaye
Keyword(s):  
Recent Trends ◽  
Internship Training
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