In Europe, fragmentation of execution venues has been triggered by increasing competition
among markets and a new regulatory environment set up by MiFID. Against this background, …

In the course of technological evolution security markets offer low-latency access to their
customers. Although latency figures are used as marketing instruments, only little research …

The new regulatory environment triggered by MiFID has resulted in a transformed competitive
landscape and increased fragmentation among execution venues in Europe. One key …

Efficient Order-Channel Management, ie the process of information gathering, evaluation,
decision and control regarding the setup of the overall trading infrastructure and the actual …

Technological innovations change the intermediation relationships within securities trading.
Thus, the question arises which factors drive or hinder their adoption. This paper develops a …

Within the securities trading industry recent technological innovations enable Institutional
Investors to self-directed trading and thus lead to a reassessment of their intermediation …

IT-getriebene Handelsinnovationen eröffnen institutionellen Investoren neben der Delegation
ihrer Handelsaufträge an Broker alternative Ausführungskanäle. Diese Arbeit untersucht …

This paper draws attention to a particular type of alternative trading systems called dark pool
which has become popular recently. One particularity of dark pools is their special market …

Smart Order Routing technology promises to improve the efficiency of the securities trading
value chain by selecting most favourable execution prices among fragmented markets. To …

… Gemeint ist das Drama Eine schöne vnd lustige newe Action von dem Anfang vnd Ende
der Welt, das der Trebiner Stadtschreiber und Organist Bartholomäus Krüger im Jahr 1580 …