-listed equities, this article compares global and local liquidity before and after MiFID and investigates how liquidity relates to … market fragmentation and internalization. Market fragmentation is found to improve global and local liquidity, with spreads … stocks. Further, internalization is not proved to be detrimental for liquidity. …

-listed equities, this article compares the consolidated liquidity of competing markets, also called global liquidity, and the local … liquidity of the primary exchang, before and after MiFID. It then investigates how liquidity measured by spreads and best … local liquidity, with spreads decreasing proportionally to market competition. The decline in depth observed in the early …

lit and dark fragmentation for liquidity. It presents an empirical analysis of the effect of market fragmentation on price …

-financial mid caps from the SBF 120, this study looks at four monthly periods to compare market liquidity before and after the entry …

liquidity with greater benefits for global traders who connect to several platforms and greater liquidity gains on large … improve liquidity, the impact of OTC trading is mixed and the lack of strong conclusion on this issue leaves room for further …

a new explanation for the positive relation between initial underpricing and post-listing liquidity. We find that this …

shares being used in arbitrage trades or by the indirect effect of ETF trading improving the liquidity of index stocks in the … way index traders distribute across index markets, with the ETF market absorbing the liquidity demand from some hedgers or …