Market quality and structural changes in the trading system: The case of X-Stream on the Colombian stock exchange.
We study the effect of X-Stream, the new trading platform of the Colombian Stock Exchange since February 2009, on the quality of the stock market. Contributing to the literature on market quality, this paper provides novel evidence of the effect of reforms on market design, trading rules and operati...
- Autores:
-
Agudelo, Diego A.
Gutiérrez, Ángelo
Múnera, Nazly J.
- Tipo de recurso:
- Fecha de publicación:
- 2014
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- eng
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/8019
- Acceso en línea:
- http://hdl.handle.net/10784/8019
- Palabra clave:
- Liquidity
Volatility
Market microstructure
Market quality
Trading activity
Trading systems
- Rights
- License
- Acceso abierto