English, Article edition: Do uninformed crossed and internalized trades tap into unexpressed liquidity? The case of Nokia P. Joakim Westerholm

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/107752
Physical Description
  • article
Language
  • English

Edition details

Title
  • Do uninformed crossed and internalized trades tap into unexpressed liquidity? The case of Nokia
Author
  • P. Joakim Westerholm
Physical Description
  • article
Notes
  • Crossed and internalized upstairs trades are analysed in a dataset in which institutional investors can be identified. Earlier findings that upstairs trading is uninformed, taps into unexpressed liquidity, and does not affect market quality are revisited. The permanent price effect of crossings and internalized upstairs trades is significantly lower than that of limit order book trades due to the fact that the least informed institutional trades are routed upstairs. Crossed and internalized trades affect the depth and transaction costs in the limit order book and a greater reliance is placed on the upstairs market when liquidity is low and volatility is high. Copyright (c) The Author. Journal compilation (c) 2009 AFAANZ.
  • RePEc:bla:acctfi:v:49:y:2009:i:2:p:407-424
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment