Exchange trading rules and stock market liquidity

Exchange trading rules and stock market liquidity

Author: TanSa Date: 13.07.2017

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exchange trading rules and stock market liquidity

We examine stock exchange trading rules for market manipulation, insider trading, and broker-agency conflict, across countries and over time, in 42 stock exchanges around the world. Some stock exchanges have extremely detailed rules that explicitly prohibit specific manipulative practices, but others use less precise and broadly framed rules. We create new indices for market manipulation, insider trading, and broker-agency conflict based on the specific provisions in the trading rules of each stock exchange.

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We show that differences in exchange trading rules, over time and across markets, significantly affect liquidity. Market ; manipulation ; Liquidity ; Insider ; trading ; Broker-agency ; conflict ; Law ; and ; finance search for similar items in EconPapers Date: View references in EconPapers View complete reference list from CitEc Citations View citations in EconPapers 33 Track citations by RSS feed Downloads: This item may be available elsewhere in EconPapers: Search for items with the same title.

exchange trading rules and stock market liquidity

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How We Determine Liquidity

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