Market quality and structural changes in the trading system. The case of X-Stream on the Colombian stock exchange

Purpose. The purpose of this paper is to study the effect of X‐Stream, the new trading platform of the Colombian Stock Exchange since February 2009, on the market quality. Design/methodology/approach. The authors test the effect of X‐Stream on market quality variables, such as liquidity (bid‐ask spr...

Full description

Autores:

Agudelo, Diego A.
Gutiérrez Daza, Ángelo
Múnera Montoya, Nazly J.

Tipo de recurso:

Fecha de publicación:

2014

Institución:

Universidad EAFIT

Repositorio:

Repositorio EAFIT

Idioma:

eng

OAI Identifier:

oai:repository.eafit.edu.co:10784/7620

Acceso en línea:

http://hdl.handle.net/10784/7620

Palabra clave:

Liquidity
Market microstructure
Market quality
Trading activity
Trading systems
Volatility

Rights

License

openAccess