The Task Force aimed to shed new light on the main aspects of the Markets in Financial
Instruments Directive (MiFID), drawing on the vast practical experience of the Task Force …

Stock return forecasting is a major component of numerous finance applications. Predicted
stock returns can be incorporated into portfolio trading algorithms to make informed buy or …

In modern equity markets, participants have a choice of many exchanges at which to trade.
Exchanges typically operate as electronic limit order books operating under a “price-time” …

In light of the increased role of technology in the trading process in recent years, we survey
the literature on the design of automated trading systems and the role of human …

Many major exchanges have witnessed the implementation of automated systems owing to
the large benefits that they convey. Scholars argue that electronic trading systems generally …

In modern equity markets, participants have a choice of many exchanges at which to trade.
Exchanges typically operate as electronic limit order books under a price-time priority rule …

Over the last decade, an increasing portion of US equity trading volume has been executed
away from public exchanges. A common form of this off-exchange trading is internalization …

Microstructure Analysis of Dynamic Markets: Limit Order Books and Dynamic Matching
Markets Page 1 Microstructure Analysis of Dynamic Markets: Limit Order Books and …

ASIC implemented “meaningful price improvement” a regulatory market design rule change
on 26 May 2013 forcing dark-trades to offer “at-least-one-tick-improvement” on prevailing …

In a context of growing uncertainty about the future of Europe's capital markets, the review of
a fundamental piece of legislation such as the Markets in Financial Instruments Directive …