Competing on speed

DOI10.3982/ECTA10762MaRDI QIDQ4630025zbMATH OpenFDO

Authors Emiliano S. Pagnotta, Thomas Philippon

Publication date 29 March 2019

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3982/ECTA10762

zbMATH Keywords

entryexchangesfragmentationhigh-frequency tradinginvestor participationliquidityregulationsearchsegmentationtrade-through ruletrading speedvertical differentiation

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54) Derivative securities (option pricing, hedging, etc.) (91G20)

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• Stock markets fragmentation, volatility and final investors
• Rational quantitative trading in efficient markets
• A model of secular migration from centralized to decentralized trade
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• Competing Glauber and Kawasaki Dynamics
• scientific article; zbMATH DE number 1303283 (Why is no real title available?)
• On competition for listings
• Speed is more powerful than clairvoyance
• Large Platonic markets with delays
• Heterogeneity and competition in fragmented markets: fees vs speed
• Heterogeneity in decentralized asset markets
• Market-making with search and information frictions
• Does the Prohibition of Trade-Through Hurt Liquidity Demanders?
• Inventory, market making, and liquidity in OTC markets
• Search frictions in over-the-counter foreign exchange markets: theory and evidence

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