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Parkett oder Computer?: Die Kosten sofortigen Abschlusses an der Hanseatischen Wertpapierbörse Hamburg und im elektronischen Handelssystem IBIS

Author

Listed:
  • Schmidt Hartmut

    (Dr. rer. oec., Universitätsprofessor in Hamburg)

  • Iversen Peter
  • Treske Kai

    (Wissenschaftliche Mitarbeiter am Institut für Geld- und Kapitalverkehr der Universität Hamburg)

Abstract

Vor dem Hintergrund zunehmenden Wettbewerbs der internationalen Finanzplätze und weitreichender Veränderungen der Börsenstrukturen im In- und Ausland werden die Vor- und Nachteile von dezentralen und zentralen Handelssystemen und von Parkett- und Computerbörsen in Deutschland seit Jahren diskutiert. Empirisch gesicherte Erkenntnisse konnten für die Diskussion hilfreich sein. Neuere Daten über IBIS und den Parketthandel in Hamburg erlauben es erstmals, die Transaktionskostenkomponente Kosten sofortigen Abschlusses im deutschen Parketthandel und im Computerhandel direkt zu vergleichen. Der Anleger hat im Parketthandel im Durchschnitt deutlich niedrigere Kosten sofortigen Abschlusses

Suggested Citation

  • Schmidt Hartmut & Iversen Peter & Treske Kai, 1993. "Parkett oder Computer?: Die Kosten sofortigen Abschlusses an der Hanseatischen Wertpapierbörse Hamburg und im elektronischen Handelssystem IBIS," Zeitschrift für Bankrecht und Bankwirtschaft (ZBB) / Journal of Banking Law and Banking (JBB), RWS Verlag, vol. 5(4), pages 209-221, December.
    • Handle: RePEc:bpj:zfbrbw:v:5:y:1993:i:4:p:209-221:n:2
    DOI: 10.15375/zbb-1993-0402
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    Cited by:

    1. G. G. Booth & P. Iversen & S. K. Sarkar & H. Schmidt & A. Young, 1999. "Market structure and bid-ask spreads: IBIS vs Nasdaq," The European Journal of Finance, Taylor & Francis Journals, vol. 5(1), pages 51-71.

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