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Emergence of New Competition: Alternative Sources of Liquidity

  • William Harts
  • Alfred Berkeley
  • Luca Filippa
  • James Ross
  • George Sofianos
  • Larry Tabb
  • Mark Wright
Conference paper
Part of the Zicklin School of Business Financial Markets Series book series (CUNY)

WILLIAM HARTS: I would like to welcome everyone to our panel discussion. The topic is Emergence of New Competition: Alternative Sources of Liquidity. That the past few years have seen a tremendous increase in the number of alternative equity trading venues is no surprise to most people in this room. It is also no surprise that we have seen relentless and sometimes brutal competition in this space. It has led to the failure or consolidation of many of the new participants. Our panel will explore the dynamics behind this competition, the causes and nature of it, and what we anticipate going forward.

The people on this panel represent, either as operators or analysts, some of the best liquidity sources that have been developed to date. I will quickly introduce them. Starting on my left is Al Berkeley, Chairman of Pipeline Trading Systems. Next to Al is Luca Filippa, Director of Research and Development for Borsa Italiana. Jim Ross, who many of you know as one of the original developers...

Keywords

Institutional Investor Price Discovery Market Maker Retail Investor Order Flow 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer Science+Business Media, LLC 2008

Authors and Affiliations

  • William Harts
  • Alfred Berkeley
  • Luca Filippa
  • James Ross
  • George Sofianos
  • Larry Tabb
  • Mark Wright

There are no affiliations available

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