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The Impact of Dark and Visible Fragmentation on Market Quality (Replaces EBC Discussion Paper 2011-013)

Author

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  • Degryse, H.A.

    (Tilburg University, School of Economics and Management)

  • de Jong, F.C.J.M.

    (Tilburg University, School of Economics and Management)

  • van Kervel, V.L.

    (Tilburg University, School of Economics and Management)

Abstract

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Suggested Citation

  • Degryse, H.A. & de Jong, F.C.J.M. & van Kervel, V.L., 2011. "The Impact of Dark and Visible Fragmentation on Market Quality (Replaces EBC Discussion Paper 2011-013)," Other publications TiSEM 3ff46941-c3ff-4ba4-9a5b-d, Tilburg University, School of Economics and Management.
    • Handle: RePEc:tiu:tiutis:3ff46941-c3ff-4ba4-9a5b-d22e05b61efd
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    References listed on IDEAS

    as
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    12. Carole Gresse, 2006. "The Effect of Crossing Network Trading on Dealer Market's Bid-Ask Spreads," Post-Print halshs-00145266, HAL.
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    21. P. Gomber & M. Gsell, 2006. "Catching Up with Technology - The Impact of Regulatory Changes on ECNs/MTFs and the Trading Venue Landscape in Europe," Competition and Regulation in Network Industries, Intersentia, vol. 7(4), pages 535-558, December.
    22. Bennett, Paul & Wei, Li, 2006. "Market structure, fragmentation, and market quality," Journal of Financial Markets, Elsevier, vol. 9(1), pages 49-78, February.
    23. Bruno Biais & Christophe Bisière & Chester Spatt, 2010. "Imperfect Competition in Financial Markets: An Empirical Study of Island and Nasdaq," Management Science, INFORMS, vol. 56(12), pages 2237-2250, December.
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    25. Thierry Foucault, 2009. "Liquidity Cycles and Made Take Fees in electronics markets," Post-Print hal-00495920, HAL.
    26. Carole Gresse, 2006. "The Effect of Crossing‐Network Trading on Dealer Market's Bid‐Ask Spreads," European Financial Management, European Financial Management Association, vol. 12(2), pages 143-160, March.
    27. Admati, Anat R & Pfleiderer, Paul, 1991. "Sunshine Trading and Financial Market Equilibrium," The Review of Financial Studies, Society for Financial Studies, vol. 4(3), pages 443-481.
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    29. Terrence Hendershott & Charles M. Jones & Albert J. Menkveld, 2011. "Does Algorithmic Trading Improve Liquidity?," Journal of Finance, American Finance Association, vol. 66(1), pages 1-33, February.
    30. Chowdhry, Bhagwan & Nanda, Vikram, 1991. "Multimarket Trading and Market Liquidity," The Review of Financial Studies, Society for Financial Studies, vol. 4(3), pages 483-511.
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