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Title: Market Maker V Automated Order Book Markets: UK Evidence
Authors: Creswell, Phil
Issue Date: 2003
Publisher: Management School and Economics. The University of Edinburgh
Series/Report no.: CFMR
Abstract: The London Stock Exchange operates two separate trading platforms for UK equities: an automated limit order book (SETS) and a multiple dealer market (SEAQ). This paper examines the relative efficiency of the different market structures, by comparing the spread experienced by traders in each market.
Keywords: econonics
Appears in Collections:Business and Management Research Publications

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