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Autor:
Fatemeh Aramian, Carole Comerton-Forde
Publikováno v:
SSRN Electronic Journal.
Autor:
Fatemeh Aramian, Lars L. Norden
Publikováno v:
SSRN Electronic Journal.
High-frequency traders (HFTs) mainly operate on public exchanges where multiple third-party buying and selling interests interact with each other. Following recent European regulatory changes (the Markets in Financial Instruments Directive II), HFT s
Autor:
Fatemeh Aramian, Lars L. Norden
Publikováno v:
SSRN Electronic Journal.
Systematic Internalizers are investment firms that act as dealers and trade out of their own inventories by internalizing the trades off exchanges. We analyze the extent to which traders’ stock transactions occur with dealers and the associated cos