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Trading Mechanisms and Market Quality: Call Markets versus Continuous Auction Markets

✍ Scribed by Weiyu Kuo; Yu-Ching Li


Book ID
111084659
Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
261 KB
Volume
11
Category
Article
ISSN
1369-412X

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## Abstract On May 10, 1999, the London International Financial Futures and Options Exchange (LIFFE) transferred trading in the Financial Times Stock Exchange (FTSE) 100 Index futures contracts from outcry to LIFFE CONNECT, its electronic trading system. We find lower spreads in the electronic mark