Matches in SemOpenAlex for { <https://semopenalex.org/work/W2011591903> ?p ?o ?g. }
- W2011591903 abstract "We study changes in liquidity following the introduction of a new electronic limit order market when, prior to its introduction, trading is centralized in a single limit order market. We also study how automation of routing decisions and trading fees affect the relative liquidity of rival markets. The theoretical analysis yields three main predictions: (i) consolidated depth is larger in the multiple limit order markets environment, (ii) consolidated bid-ask spread is smaller in the multiple limit order markets environment and (iii) the liquidity of the entrant market relative to that of the incumbent market increases with the level of automation for routing decisions (the proportion of 'smart routers'). We test these predictions by studying the rivalry between the London Stock Exchange (entrant) and Euronext (incumbent) in the Dutch stock market. The main predictions of the model are supported." @default.
- W2011591903 created "2016-06-24" @default.
- W2011591903 creator A5028974014 @default.
- W2011591903 creator A5046473475 @default.
- W2011591903 date "2006-03-01" @default.
- W2011591903 modified "2023-09-26" @default.
- W2011591903 title "Competition for Order Flow and Smart Order Routing Systems" @default.
- W2011591903 cites W1511405554 @default.
- W2011591903 cites W1583839029 @default.
- W2011591903 cites W1605252792 @default.
- W2011591903 cites W1770327314 @default.
- W2011591903 cites W1968046818 @default.
- W2011591903 cites W1976409697 @default.
- W2011591903 cites W1987634416 @default.
- W2011591903 cites W2035219551 @default.
- W2011591903 cites W2041176791 @default.
- W2011591903 cites W2046703175 @default.
- W2011591903 cites W2049436188 @default.
- W2011591903 cites W2065765352 @default.
- W2011591903 cites W2066284524 @default.
- W2011591903 cites W2074616142 @default.
- W2011591903 cites W2077837095 @default.
- W2011591903 cites W2081341649 @default.
- W2011591903 cites W2096813087 @default.
- W2011591903 cites W2098978342 @default.
- W2011591903 cites W2135681229 @default.
- W2011591903 cites W2157495061 @default.
- W2011591903 cites W2160781897 @default.
- W2011591903 cites W2170878868 @default.
- W2011591903 cites W3021932546 @default.
- W2011591903 cites W3121613974 @default.
- W2011591903 cites W3122902448 @default.
- W2011591903 cites W3123343556 @default.
- W2011591903 cites W3125361400 @default.
- W2011591903 cites W3125688476 @default.
- W2011591903 hasPublicationYear "2006" @default.
- W2011591903 type Work @default.
- W2011591903 sameAs 2011591903 @default.
- W2011591903 citedByCount "21" @default.
- W2011591903 countsByYear W20115919032012 @default.
- W2011591903 countsByYear W20115919032013 @default.
- W2011591903 countsByYear W20115919032014 @default.
- W2011591903 countsByYear W20115919032015 @default.
- W2011591903 countsByYear W20115919032016 @default.
- W2011591903 countsByYear W20115919032017 @default.
- W2011591903 crossrefType "posted-content" @default.
- W2011591903 hasAuthorship W2011591903A5028974014 @default.
- W2011591903 hasAuthorship W2011591903A5046473475 @default.
- W2011591903 hasConcept C10138342 @default.
- W2011591903 hasConcept C11906137 @default.
- W2011591903 hasConcept C144133560 @default.
- W2011591903 hasConcept C151730666 @default.
- W2011591903 hasConcept C162324750 @default.
- W2011591903 hasConcept C175444787 @default.
- W2011591903 hasConcept C179262372 @default.
- W2011591903 hasConcept C182306322 @default.
- W2011591903 hasConcept C183582576 @default.
- W2011591903 hasConcept C18991353 @default.
- W2011591903 hasConcept C200870193 @default.
- W2011591903 hasConcept C24683644 @default.
- W2011591903 hasConcept C2779309563 @default.
- W2011591903 hasConcept C2779602485 @default.
- W2011591903 hasConcept C2780299701 @default.
- W2011591903 hasConcept C2780762169 @default.
- W2011591903 hasConcept C40700 @default.
- W2011591903 hasConcept C51926234 @default.
- W2011591903 hasConcept C556758197 @default.
- W2011591903 hasConcept C63240072 @default.
- W2011591903 hasConcept C86803240 @default.
- W2011591903 hasConceptScore W2011591903C10138342 @default.
- W2011591903 hasConceptScore W2011591903C11906137 @default.
- W2011591903 hasConceptScore W2011591903C144133560 @default.
- W2011591903 hasConceptScore W2011591903C151730666 @default.
- W2011591903 hasConceptScore W2011591903C162324750 @default.
- W2011591903 hasConceptScore W2011591903C175444787 @default.
- W2011591903 hasConceptScore W2011591903C179262372 @default.
- W2011591903 hasConceptScore W2011591903C182306322 @default.
- W2011591903 hasConceptScore W2011591903C183582576 @default.
- W2011591903 hasConceptScore W2011591903C18991353 @default.
- W2011591903 hasConceptScore W2011591903C200870193 @default.
- W2011591903 hasConceptScore W2011591903C24683644 @default.
- W2011591903 hasConceptScore W2011591903C2779309563 @default.
- W2011591903 hasConceptScore W2011591903C2779602485 @default.
- W2011591903 hasConceptScore W2011591903C2780299701 @default.
- W2011591903 hasConceptScore W2011591903C2780762169 @default.
- W2011591903 hasConceptScore W2011591903C40700 @default.
- W2011591903 hasConceptScore W2011591903C51926234 @default.
- W2011591903 hasConceptScore W2011591903C556758197 @default.
- W2011591903 hasConceptScore W2011591903C63240072 @default.
- W2011591903 hasConceptScore W2011591903C86803240 @default.
- W2011591903 hasLocation W20115919031 @default.
- W2011591903 hasOpenAccess W2011591903 @default.
- W2011591903 hasPrimaryLocation W20115919031 @default.
- W2011591903 hasRelatedWork W1496964064 @default.
- W2011591903 hasRelatedWork W1535188713 @default.
- W2011591903 hasRelatedWork W1563079715 @default.
- W2011591903 hasRelatedWork W1966080150 @default.
- W2011591903 hasRelatedWork W1992799117 @default.
- W2011591903 hasRelatedWork W2007593943 @default.
- W2011591903 hasRelatedWork W2077104286 @default.