Organized Equity Markets

Erik Theissen

in The German Financial System

Published in print March 2004 | ISBN: 9780199253166
Published online January 2005 | e-ISBN: 9780191601651 | DOI:
 Organized Equity Markets

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Tries to assess the institutional structure and the current and past performance of the German equity markets. Information about market volumes and a description of the organisation, governance, and micro-structure are provided. Further discusses recent evidence on the operational efficiency and liquidity across various market segments, including specific issues like floor versus screen trading, the impact of specialists on market liquidity and transactions costs, and the role of anonymity in market organisation.

Keywords: anonymity; efficiency; equity markets; floor versus screen trading; liquidity; micro-structure; organisation; specialists; volume

Chapter.  9793 words.  Illustrated.

Subjects: Financial Markets

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