Competition among trading venues: information and trading on electronic communications networks

Article Abstract:

A comparison of Nasdaq market makers and electronic communications networks (ECNs) shows that ECN trades yield more private information and produce greater permanent price impacts than market-maker trades. ECNs however have increased ex ante trading costs, as market makers can internalize or preference less informed trades and produce better executions.

Comparative analysis, Market makers (Securities trading)

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Liquidity externalities and adverse selection: evidence from trading after hours

Article Abstract:

A study on liquidity externalities, by considering trading costs after hours, is presented.

Analysis, Externalities (Economics), Liquidity (Finance), After-hours trading (Securities), After hours trading (Securities)

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Payables trends: optimizing your process in a mixed payments environment

Article Abstract:

The electronic payment solutions offered by Mellon Working Capital Solutions are presented.

Forecasts, trends, outlooks, Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Services information, Financial services industry, Services, Forecasts and trends, Market trend/market analysis

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