By E. Banks
Darkish swimming pools is a realistic textual content facing the more and more very important subject of darkish swimming pools, or non-displayed, off-exchange buying and selling and liquidity. It discusses the improvement of the fairness buying and selling industry over the last twenty years and the way darkish swimming pools may well evolve in a post-financial hindrance international.
Read or Download Dark Pools: The Structure and Future of Off-Exchange Trading and Liquidity (Finance and Capital Markets) PDF
Best managerial books
Government Intervention in Globalization: Regulation, Trade and Devaluation Wars
This e-book offers institutional info and makes use of analytical instruments to explains why governments should still interfere in economies suffering from globalization. With research of present nation reviews and matters, this e-book is a vital learn for all drawn to the calls for on monetary coverage in globalized age.
Managerial Accounting, 8th Edition
Crosson and Needles proceed to assist teachers remain on best of the swap curve with Managerial Accounting. Balanced, versatile content material during this market-leading textual content is supported via an array of built-in print and know-how vitamins. no matter if an teacher desires to current a consumer or procedural orientation, comprise new educational techniques, boost scholars' center abilities and knowledge, or combine know-how into the study room, Managerial Accounting offers a complete answer, making it the ordinary selection for accounting teachers.
Winning CFOs: Implementing and Applying Better Practices
Larger practices that modern-day CFOs can hire to deliver worth and potency to the groups that report back to them supporting company accountants from the CFOs to the administration accountant enforce greater practices that might make a distinction to their finance team's functionality, profitable CFOs indicates company accountants find out how to create everlasting advancements of their organization's techniques.
Value-Based operating Capital administration analyzes the explanations and results of flawed money circulate administration among entrepreneurial enterprises with various degrees of hazard. This paintings seems to be on the explanations and standards for decision-making through marketers of their efforts to guard the monetary safety in their companies and deal with monetary liquidity.
- Hospitality Management Accounting
- Breakeven Analysis: The Definitive Guide to Cost-Volume-Profit Analysis, Second Edition
- Creating Value Through Corporate Restructuring: Case Studies in Bankruptcies, Buyouts, and Breakups
- Budgeting for Managers
- Revenue Management: A Practical Pricing Perspective
- Cost Accounting, Global Edition
Additional info for Dark Pools: The Structure and Future of Off-Exchange Trading and Liquidity (Finance and Capital Markets)
Example text
Various crossing networks predated MiFID: for instance, POSIT Match arrived in Europe in 1998, while Liquidnet set up a platform in 2002. In fact, MiFID has given established exchanges such as the LSE, NYSE Euronext, NASDAQ OMX, Deutsche Boerse, and others additional competition, causing them to reformulate their own business models. By late 2009, Europe featured more than two dozen venues supplying dark liquidity in large-, mid-, and small-cap stocks, including exchanges (via reserve and hidden orders23), crossing networks, and systematic internalizers.
The primary peg is, of course, far less aggressive and is less likely to be executed than its peg counterparts. , peg orders may execute at subpenny increments. Hybrid and complex orders Many other kinds of orders can be created by combining one or more of the structures noted above. We may consider these to be hybrid orders, all of which are designed to yield even greater execution specificity. Common hybrid/complex orders include the following: Cross order Derivative order Conditional order Benchmark order Do-not-route order Pass-through order This is but a small sampling of hybrid/complex orders—many others also exist.
Similarly, a trailing stop limit order is identical to the trailing stop order, except we substitute the market order plus trailing amount with a limit order plus trailing amount; the limit price used in the limit order is computed as the stop price minus the limit offset. 90. 75. 85. 75 is submitted. A limit-if-touched order is an order to buy or sell a security at a limit price, which is held until a trigger is touched; once touched, it is submitted as a limit order. A limit-on-close order is a limit order submitted to execute at the closing price if it is at, or better than, the specified limit price, or else the order MARKET LIQUIDITY AND STRUCTURE 39 is cancelled.