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Informed Traders as Liquidity Providers: Evidence from the German Equity Market: 66 2007th Edition
Author(s): Alexandra Hachmeister (Author), Prof. Dr. Dirk Schiereck (Foreword)
- Publisher: Deutscher Universitätsverlag
- Publication Date: 26 July 2007
- Edition: 2007th
- Language: English
- Print length: 195 pages
- ISBN-10: 3835007556
- ISBN-13: 9783835007550
Book Description
A high frequency transaction data set for the German equity market is the basis for Alexandra Hachmeister’s extensive empirical analysis. This includes a detailed market description of the German equity market, a new methodological approach for the identification of informed traders and finally the analysis of the individual liquidity providing and demanding behavior of the identified informed traders. Questioning the existing theoretical literature on liquidity provision in equity markets, she finds strong evidence for liquidity providing behavior of informed traders.
Editorial Reviews
From the Back Cover
A high frequency transaction data set for the German equity market is the basis for Alexandra Hachmeister’s extensive empirical analysis. This includes a detailed market description of the German equity market, a new methodological approach for the identification of informed traders and finally the analysis of the individual liquidity providing and demanding behavior of the identified informed traders. Questioning the existing theoretical literature on liquidity provision in equity markets, she finds strong evidence for liquidity providing behavior of informed traders.
