Opening book details…
Can I read COVID-19 and market structure dynamics on EtoBox?
COVID-19 and market structure dynamics by Justin Cox; Donovan Woods is a Economics, Econometrics and Finance article available to read on EtoBox.
What is COVID-19 and market structure dynamics about?
We examine the impact of COVID-19 on market structure in the U.S. Specifically, we analyze the impact of both the COVID-19-induced market uncertainty period as well as the suspension of the NYSE floor on trading dynamics such as market fragmentation, algorithmic trading, and hidden liquidity in the market. During both the heightened market uncertainty and NYSE floor suspension periods, we find a significant increase in hidden liquidity yet significant decreases in both algorithmic trading and market fragmentation. However, despite withdrawing from the market during this period, remaining algorithmic traders appear to improve market quality. Our results indicate that COVID-19 had a significant impact on order routing, pre-trade transparency, and automated trading.
Who reads COVID-19 and market structure dynamics?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Justin Cox; Donovan Woods
- Publisher
- Elsevier BV
- Published
- 2023
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)