Equity Markets in Transition

R Francioni, RA Schwartz - 2017 - Springer
Matthias Kluber is managing director at Deutsche Börse with global responsibility for IT
infrastructure and operations. Kluber studied mathematics and information technology at the …

[BOOK][B] Equity markets in action: the fundamentals of liquidity, market structure & trading+ CD

RA Schwartz, R Francioni - 2004 - books.google.com
An in-depth look at the nature of market making and exchanges From theory to practicalities,
this is a comprehensive, up-to-date handbook and reference on how markets work and the …

Market Liquidity: An Elusive Variable

RA Schwartz, R Francioni… - The Journal of Portfolio …, 2020 - jpm.pm-research.com
Equity prices depend on risk, expected return, and market liquidity. Market liquidity, however,
is an elusive variable. Prevailing thinking relates primarily to revealed liquidity (eg, posted …

Equity market microstructure: taking stock of what we know

R Francioni, S Hazarika, M Reck… - The Journal of Portfolio …, 2008 - pm-research.com
For over three decades, the microstructure literature has grown and trading systems around
the world have been reengineered into modern electronic platforms. In this article, the …

Security Market Microstructure: The Analysis of a Non-Frictionless Market

R Francioni, S Hazarika, M Reck… - Equity Markets in Transition …, 2017 - Springer
The capital asset pricing model describes a frictionless world characterized by infinite liquidity.
In contrast, trading in an actual marketplace is replete with costs, blockages, and other …

Decision making in equity trading: Using simulation to get a grip

RA Schwartz, R Francioni, BW Weber - The Journal of Trading, 2005 - pm-research.com
Trading is very different from investing. Trading is all about converting an investment decision
(either your decision or your portfolio manager's) into a desired portfolio position. You want …

Financial market regulation

R Francioni, JH Freis, A Hachmeister - … in transition: The value chain, price …, 2017 - Springer
A well-functioning financial system is indispensable for economic growth. To that end, the
overall objective of the current regulatory reform process is to guarantee, globally, financial …

Call auction trading

RA Schwartz, R Francioni - Encyclopedia of Finance, 2022 - Springer
A call auction is an order-driven facility which, in contrast with continuous trading, batches
multiple orders together for simultaneous execution in a multilateral trade, at a single price, at …

High frequency trading: market structure matters

R Francioni, P Gomber - Equity Markets in Transition: The Value Chain …, 2017 - Springer
Although both media and the public seem to discuss the perceived dangers and threats of
electronic trading only since the US flash crash in 2010, in reality, the shift towards electronic …

Mid-Day Address

R Francioni - The Quality of Our Financial Markets: Taking Stock of …, 2012 - Springer
The importance of improving and preserving the quality of our global financial markets has
been underlined by recent events–the turbulence in our markets that triggered the so-called …