Trading in European Equity Markets: Fragmentation and Market Quality

The introduction of the European Markets in Financial Instruments Directive (MiFID) ended the quasi-monopoly of national exchanges in equity trading across Europe and enabled alternative platforms, so-called multilateral trading facilities (MTF), to compete for order flow. This thesis analyzes whether MTFs contribute to liquidity and price discovery and elaborates on the question of market integration of fragmented European equity markets.

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Year of publication:	2011-01-01
Authors:	Wagener, Martin
Publisher:	Universität Karlsruhe
Subject:	MiFID \| Multilateral Trading Facilities \| Competition \| Fragmentation \| Market Quality

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Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Thesis
Language:	English
Source:	BASE

Persistent link: https://www.econbiz.de/10009434477