1. Indexing, ETFs and Robos - Are Stocks an Endangered Species? -- 2. How Technology is Transforming Liquidity Provision -- 3. Liquidity – A Fluid Concept from a European View -- 4. What Can Be Done to Drive Mid- and Small-Cap Liquidity? -- 5. New Approaches for Creating Liquidity -- 6....

This book examines the complexity of trading and the creation of liquidity. Titled after the Baruch College Financial Markets Conference, Equity Market Round-Up: Proposals for Strengthening the Markets, this book explores how regulation has a clear impact on market structure and, therefore, how...

Preface -- List of Participants -- Conference Sponsors -- Chapter 1: Trading, Clearing, Custody and the Worldwide Evolution of Exchanges as Unique Organizations -- Chapter 2: Coping with Liquidity Provision -- Chapter 3: The View from Here -- Chapter 4: Coping with the Dynamics of a Continuous...

This book underscores the complexity of the equity markets, the challenges they face, and the fact that they are still a work in process. Three interacting forces drive market change: competition, technology change, and regulatory change. The markets have one major objective in particular to...

Chapter 1: Economics and the Equity Market: A Microeconomics Course Application -- Chapter 2: Liquidity, Trading, and Price Determination in Equity Markets: A Finance Course Application -- Chapter 3: Liquidity and the Impact of Information Shocks: A Macroeconomics Course Application -- Chapter...

We provide novel evidence on the role of ambiguity aversion in determining the response of mutual fund investors to fund performance. Our analysis is motivated by theoretical models of decision making by ambiguity-averse investors. A key implication of the models is that when investors face...