The “make or take” decision in an electronic market: Evidence on the evolution of liquidity

This paper uses experimental asset markets to investigate the evolution of liquidity in an electronic limit order market. Our market setting includes salient features of electronic limit order markets, as well as informed traders and liquidity traders. We focus on the strategies of the traders and h...

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Bibliographic Details
Published in:	Journal of financial economics Vol. 75; no. 1; pp. 165 - 199
Main Authors:	Bloomfield, Robert, O’Hara, Maureen, Saar, Gideon
Format:	Journal Article
Language:	English
Published:	Amsterdam Elsevier B.V 01.01.2005 Elsevier Elsevier Sequoia S.A
Series:	Journal of Financial Economics
Subjects:	Assets Behavior change Behavior modification Decision making Electronic trading systems Electronics Finance Financial economics Limit orders Liquidity Market Markets Microstructure Prices Securities analysis Statistical analysis Studies Volatility United States > US Liquidity G12 Limit orders G14 Microstructure D82
ISSN:	0304-405X, 1879-2774
Online Access:	Get full text
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