Czech experience with market maker trading system
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F04%3A00102649" target="_blank" >RIV/67985998:_____/04:00102649 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11640/04:00009511
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Czech experience with market maker trading system
Original language description
We study the evolution of trading in a market maker trading system (SPAD) introduced to the Prague Stock Exchange in 1998. We find that the new system succeeded in increasing the transparency of the market, improved the price discovery function of the exchange, and that investors have benefited from lowered spreads.
Czech name
Česká zkušenost s "market maker" obchodovacím systémem
Czech description
Studujeme evoluci systému SPAD, zavedeného na pražské Burze cenných papírů v roce 1998. Zjišťujeme, že nový systém uspěl ve zvyšování transparentnosti trhu, že investoři profitovali z nižších rozdílů mezi nákupní a prodejní cenou.
Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/ME%20595" target="_blank" >ME 595: Have Transition Economies Become More Efficient? Evidence from Russian and Czech Panel Data</a><br>
Continuities
Z - Vyzkumny zamer (s odkazem do CEZ)
Others
Publication year
2004
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Economic Systems
ISSN
0939-3625
e-ISSN
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Volume of the periodical
28
Issue of the periodical within the volume
2
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
15
Pages from-to
177-191
UT code for WoS article
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EID of the result in the Scopus database
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