Menkveld, Albert J. - Tinbergen Instituut - 2011
This discussion paper led to an article in the <I>Journal of Financial Markets </I> (2013). Volume 16, pages 571-603.<P> This paper links the recent fragmentation in equity trading to high frequency traders (HFTs). It shows how the success of a new market, Chi-X, critically depended on the participation...</p></i>