Competing on speed

Competing on speed

We analyze trading speed and fragmentation in asset markets. In our model, trading venues make technological investments and compete for investors who choose where and how much to trade. Faster venues charge higher fees and attract speed-sensitive investors. Competition among venues increases invest...

Full description

Saved in:
Bibliographic Details
Main Authors: PAGNOTTA, Emiliano Sebastian, PHILIPPON, Thomas
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2018
Subjects:
Trading speed
exchanges
liquidity
fragmentation
segmentation
vertical differentiation
search
high-frequency trading
regulation
trade-through rule
investor participation
entry
Finance and Financial Management
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/7028
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8027/viewcontent/2018_Pagnotta_Competing_on_Speed_pv.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/7028
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8027/viewcontent/2018_Pagnotta_Competing_on_Speed_pv.pdf

Similar Items