000 | 02720nam a22003975i 4500 | ||
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001 | 978-3-8350-9577-9 | ||
003 | DE-He213 | ||
005 | 20161121231010.0 | ||
007 | cr nn 008mamaa | ||
008 | 100301s2007 gw | s |||| 0|eng d | ||
020 |
_a9783835095779 _9978-3-8350-9577-9 |
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024 | 7 |
_a10.1007/978-3-8350-9577-9 _2doi |
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050 | 4 | _aHG1-HG9999 | |
072 | 7 |
_aKFF _2bicssc |
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072 | 7 |
_aBUS027000 _2bisacsh |
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082 | 0 | 4 |
_a332 _223 |
100 | 1 |
_aHachmeister, Alexandra. _eauthor. |
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245 | 1 | 0 |
_aInformed Traders as Liquidity Providers _h[electronic resource] : _bEvidence from the German Equity Market / _cby Alexandra Hachmeister. |
264 | 1 |
_aWiesbaden : _bDUV, _c2007. |
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300 |
_aXVI, 179 p. _bonline resource. |
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336 |
_atext _btxt _2rdacontent |
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337 |
_acomputer _bc _2rdamedia |
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338 |
_aonline resource _bcr _2rdacarrier |
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347 |
_atext file _bPDF _2rda |
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505 | 0 | _aInstitutional Set-up and Academic Framework -- Institutional Setting -- Liquidity -- Informed Trading -- Informed Trading and Liquidity -- Empirical Analyses -- Research Design -- Market Description: Liquidity and Informed Trading -- Trader Classification -- Liquidity Demand and Supply Behavior of Informed Traders -- Résumé. | |
520 | _aMost market places in today’s exchange industry operate on fully electronic trading systems. The predominant form of trading systems is the open limit order book pooling all buy and sell limit orders in one single order book. The attractiveness of an order book is determined by its liquidity. Consequently, liquidity is the competitive factor for an exchange. However, it is not the exchange that provides the liquidity but the limit orders standing in the order book. The question is: Who are these traders that provide liquidity on a voluntary basis? A high frequency transaction data set for the German equity market is the basis for Alexandra Hachmeister’s extensive empirical analysis. This includes a detailed market description of the German equity market, a new methodological approach for the identification of informed traders and finally the analysis of the individual liquidity providing and demanding behavior of the identified informed traders. Questioning the existing theoretical literature on liquidity provision in equity markets, she finds strong evidence for liquidity providing behavior of informed traders. | ||
650 | 0 | _aFinance. | |
650 | 1 | 4 | _aFinance. |
650 | 2 | 4 | _aFinance, general. |
710 | 2 | _aSpringerLink (Online service) | |
773 | 0 | _tSpringer eBooks | |
776 | 0 | 8 |
_iPrinted edition: _z9783835007550 |
856 | 4 | 0 | _uhttp://dx.doi.org/10.1007/978-3-8350-9577-9 |
912 | _aZDB-2-SBE | ||
950 | _aBusiness and Economics (Springer-11643) | ||
999 |
_c507047 _d507047 |