search query: @author Berkman, H. / total: 4
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| Author: | Berkman, H. |
| Title: | Trading systems and liquidity on securities markets: a study of the European options exchange |
| Journal: | International Review of Financial Analysis
1994 : VOL. 3:1, p. 93-96 |
| Index terms: | FINANCE EUROPE STOCK MARKETS |
| Language: | eng |
| Abstract: | The purpose of this dissertation is to contribute to the understanding of the effect of a market's design on the liquidity it provides. Central in the study is the dealer/auction trading system that is used on the European Options Exchange (EOE). This trading system is used on several other securities markets and is expected to become even more important in the near future. In a dealer/auction trading system, liquidity is supplied by market makers and public investors submitting limit orders. |
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