Intentional Access Delays, Market Quality, and Price Discovery: Evidence from IEX Becoming an Exchange

2018 ◽  
Author(s):  
Edwin Hu
Keyword(s):  
Price Discovery ◽  
Market Quality

COMMENTARY: Dark Pools, Fragmented Markets, and the Quality of Price Discovery: Commentary

2018 ◽  
Keyword(s):  
Price Discovery ◽  
Market Quality ◽  
Previous Discussion ◽  
Dark Pools ◽  
Definition Of

This commentary is on a paper published in 2010. Few would wish to roll the markets back to where they were eight years ago, but have the issues that were debated then been adequately resolved? Are today’s markets acceptably efficient? Can we relax about market quality? My answer to each of these is “no.” What I wrote in 2010, I stand by now. Along with revisiting my previous discussion on dark pools, fragmentation, price discovery, and liquidity, this commentary presents my newer thoughts concerning the definition of the term “liquidity,” and the existence of an illiquidity premium.

Dark Pools, Fragmented Markets, and the Quality of Price Discovery

2018 ◽  
Keyword(s):  
Price Discovery ◽  
Market Quality ◽  
Previous Discussion ◽  
Dark Pools ◽  
Definition Of

This commentary is on a paper published in 2010. Few would wish to roll the markets back to where they were eight years ago, but have the issues that were debated then been adequately resolved? Are today’s markets acceptably efficient? Can we relax about market quality? My answer to each of these is “no.” What I wrote in 2010, I stand by now. Along with revisiting my previous discussion on dark pools, fragmentation, price discovery, and liquidity, this commentary presents my newer thoughts concerning the definition of the term “liquidity,” and the existence of an illiquidity premium.

Recent Trends in Trading Activity and Market Quality

CFA Digest ◽  
2011 ◽  
Vol 41 (4) ◽  
pp. 85-87
Author(s):  
Claire Emory
Keyword(s):  
Market Quality ◽  
Trading Activity ◽  
Recent Trends
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