Fast traders make a quick buck: The role of speed in liquidity provision
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Financial Markets"
DOI: 10.1016/j.finmar.2021.100621
Abstract: Abstract In modern public equity markets, liquidity is provided by a heterogeneous set of traders with vastly different speeds. We study the consequences of information arrival in such a setting. We present a model that… read more here.
Keywords: make quick; liquidity provision; fast traders; traders make ... See more keywords
Profitability and liquidity provision of HFTs during large price shocks: Does relative tick size matter?
Sign Up to like & getrecommendations! Published in 2021 at "Finance Research Letters"
DOI: 10.1016/j.frl.2021.102308
Abstract: Abstract Using tick data identifying high-frequency traders (HFTs), this paper studies the trading profits and liquidity provision of HFTs during large price shocks. Previous studies report mixed evidence on whether HFTs provide or take liquidity… read more here.
Keywords: liquidity provision; liquidity; relative tick; tick size ... See more keywords
Multilayered Governance and the International Financial Architecture: The Erosion of Multilateralism in International Liquidity Provision
Sign Up to like & getrecommendations! Published in 2018 at "Global Policy"
DOI: 10.1111/1758-5899.12561
Abstract: We analyze the ‘plurilateralization’ of global financial governance, defined as the proliferation of bilateral, regional and global governance arrangements, exploring how these have shaped international monetary and financial relations. We argue that the added layers… read more here.
Keywords: financial architecture; policy; governance; international financial ... See more keywords