28 June 2012
White Paper: Challenges for the Asia Pacific in Global Equities Markets
Professor Alex Frino, CEO of Capital Markets Co-operative Research Centre (CMCRC) and Professor of Finance at the University of Sydney Business School, has new research indicating that dark liquidity could damage market quality and increase trading costs in certain markets.
Professor Frino has designed a mathematical model (an econometric time-series model) that demonstrates the impacts on lit markets when trading moves into dark pools, showing how bid-ask spreads change relative to volume. Designed for the Australian market, it is also applicable to other small markets with fast trading technology, such as Canada and Singapore.
Read White Paper
Rate This Whitepaper
Your RatingLogin to rate.