Doctoral thesis

On liquidity around large-block trades : Upstairs trading mechanisms, price impacts and common factors

  • Chen, Chwen Chwen
  • Barone Adesi, Giovanni (degree supervisor)
  • Degeorge, François (degree committee member)
    25.11.2004

126

Thèse de doctorat: Università della Svizzera italiana, 2004 (jury note: magna cum laude)

English Large-block trades have been typically handled over the counter in the upstairs market. Institutional trading raises several issues of concern, such as the fragmentation of order flow, potential liquidity shortage in the downstairs market, and implications for market efficiency. Large investors’ trades may infact produce a price impact that can adversely influence their investment decisions.... Show more…
Language
  • English
Classification
Economics
License
License undefined
Identifiers
Persistent URL
https://susi.usi.ch/usi/documents/318013