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Competition between exchanges: A research agenda
16 references·6 citing·44 second hop
Competition between exchanges: A research agenda (2010)Competition between exchanges: A research…Liquidity Cycles and Make/Take Fees in Electronic Markets (2012)Liquidity Cycles and Make/Tak…The Relative Performance of Real Estate Marketing Platforms: MLS versus FSBOMadison.com (2009)The Relative Performance of R…The Economics of Two-Sided Markets (2009)The Economics of Two-Sided Ma…Two-sided markets: a progress report (2006)Two-sided markets: a progress…Competition for Order Flow and Smart Order Routing Systems (2006)Competition for Order Flow an…Market microstructure: A survey of microfoundations, empirical results, and policy implications (2005)Market microstructure: A surv…Island Goes Dark: Transparency, Fragmentation, and Regulation (2005)Island Goes Dark: Transparenc…One-sided Logic in Two-sided Markets (2004)One-sided Logic in Two-sided …Competition among Trading Venues: Information and Trading on Electronic Communications Networks (2003)Competition among Trading Ven…Market microstructure: A survey (2000)Market microstructure: A surv…Crossing Networks and Dealer Markets: Competition and Performance (2000)Crossing Networks and Dealer …A cross-exchange comparison of execution costs and information flow for NYSE-listed stocks (1997)A cross-exchange comparison o…Cream-Skimming or Profit-Sharing? The Curious Role of Purchased Order Flow (1996)Cream-Skimming or Profit-Shar…Consolidation, Fragmentation, and the Disclosure of Trading Information (1995)Consolidation, Fragmentation,…Trading Volume and Asset Liquidity (1989)Trading Volume and Asset Liqu…The Cost of Transacting (1968)The Cost of TransactingExchange Competition, Entry, and Welfare (2021)Exchange Competition, Entry, …Where do electronic markets come from? Regulation and the transformation of financial exchanges (2016)Where do electronic markets c…When Does a Platform Create Value by Limiting Choice? (2014)When Does a Platform Create V…Sale of Price Information by Exchanges: Does It Promote Price Discovery? (2013)Sale of Price Information by …Trading Fees and Efficiency in Limit Order Markets (2011)Trading Fees and Efficiency i…The Impact of Dark Trading and Visible Fragmentation on Market Quality (2011)The Impact of Dark Trading an…Platform Competition in Two-Sided Markets (2003)Competition in two-sided markets (2006)Open Platform Strategies and Innovation: Granting Access vs. Devolving Control (2010)Multi-Sided Platforms (2015)Networks, platforms, and strategy: Emerging views and next steps (2016)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Continuous Auctions and Insider Trading (1985)Transparency and Liquidity: A Controlled Experiment on Corporate Bonds (2006)The Flash Crash: High-Frequency Trading in an Electronic Market (2011)Do Prices Reveal the Presence of Informed Trading? (2015)Installed base and compatibility : innovation, product preannouncements and predation (1986)A Theory of Intraday Patterns: Volume and Price Variability (1988)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Bank Bias in Europe: Effects on Systemic Risk and Growth (2015)The Economics of High-Frequency Trading: Taking Stock (2016)Price Discovery without Trading: Evidence from Limit Orders (2019)Reexamination of the perfectness concept for equilibrium points in extensive games (1975)Disclosure, Liquidity, and the Cost of Capital (1991)An Empirical Study of Bond Market Transactions (2000)The Informational Efficiency of the Corporate Bond Market: An Intraday Analysis (2002)Should securities markets be transparent? (2005)The Problem of Social Cost (1960)Network externalities, competition, and compatibility (1985)Industry Platforms and Ecosystem Innovation (2013)Bridging differing perspectives on technological platforms: Toward an integrative framework (2014)Price, trade size, and information in securities markets (1987)Inferring Trade Direction from Intraday Data (1991)Inferring investor behavior: Evidence from TORQ data (2000)Price Discovery and Trading After Hours (2003)Common risk factors in the returns on stocks and bonds (1993)Order imbalance, liquidity, and market returns (2002)An Empirical Analysis of Stock and Bond Market Liquidity (2004)Corporate Bond Market Transaction Costs and Transparency (2007)Chicken & Egg: Competition among Intermediation Service Providers (2003)Two-Sided Markets: A Tentative Survey (2005)Google, Facebook, Amazon, eBay: Is the Internet driving competition or market monopolization? (2013)The Antitrust Analysis of Multi-Sided Platform Businesses (2013)Information Effects on the Bid-Ask Spread (1983)Commonality in liquidity (2000)Market Liquidity and Trading Activity (2001)Multimarket Trading and Market Liquidity (1991)The Survival of Noise Traders in Financial Markets (1991)Is market fragmentation harming market quality? (2011)
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References

  • 2006Two-sided markets: a progress report2,987 cited
  • 1968The Cost of Transacting1,909 cited
  • 2009The Economics of Two-Sided Markets1,259 cited
  • 2000Market microstructure: A survey1,133 cited
  • 1989Trading Volume and Asset Liquidity628 cited
  • 1996Cream-Skimming or Profit-Sharing? The Curious Role of Purchased Order Flow537 cited
  • 2005Market microstructure: A survey of microfoundations, empirical results, and policy implications471 cited
  • 1995Consolidation, Fragmentation, and the Disclosure of Trading Information345 cited
  • 2006Competition for Order Flow and Smart Order Routing Systems332 cited
  • 2004One-sided Logic in Two-sided Markets299 cited
  • 2003Competition among Trading Venues: Information and Trading on Electronic Communications Networks280 cited
  • 1997A cross-exchange comparison of execution costs and information flow for NYSE-listed stocks279 cited
  • 2000Crossing Networks and Dealer Markets: Competition and Performance257 cited
  • 2005Island Goes Dark: Transparency, Fragmentation, and Regulation253 cited
  • 2012Liquidity Cycles and Make/Take Fees in Electronic Markets200 cited

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2009
The Relative Performance of Real Estate Marketing Platforms: MLS versus FSBOMadison.com
196 cited

Cited by

  • 2014When Does a Platform Create Value by Limiting Choice?71 cited
  • 2016Where do electronic markets come from? Regulation and the transformation of financial exchanges52 cited
  • 2013Sale of Price Information by Exchanges: Does It Promote Price Discovery?51 cited
  • 2011Trading Fees and Efficiency in Limit Order Markets49 cited
  • 2021Exchange Competition, Entry, and Welfare48 cited
  • 2011The Impact of Dark Trading and Visible Fragmentation on Market Quality33 cited