The Demand for Immediacy on the Australian Stock Exchange (ASX)

  • John Douglas
  • Christopher R. B. Thomas
Part of the The New York University Salomon Center Series on Financial Markets and Institutions book series (SALO, volume 7)

Executive Summary

This report contains the analysis1 of the results of a detailed questionnaire that was sent to the sixty-two largest institutional investors in Australia. While the analysis is based on the responses of thirty domestic institutions providing a response rate of 48%, these thirty institutions accounted for approximately 80% of the equity assets under management by domestic institutions.


Institutional Investor Large Order Liquidity Constraint Index Future Market Impact 
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  1. 1.
    “Equity trading III—Institutional Investor Trading Practices and Preferences”, in Ben Steil (ed), The European Equity Markets—The State of the Union and a Agenda for the Millennium, London—European Capital Market Institute and the Royal Institute of International Affairs 1996.Google Scholar
  2. 2.
    Equity Trading Practices and Market Structure—Assessing Asset Managers, “Demand for Immediacy”, Financial Markets, Institutions, and Instruments 4 (4), 1995. Google Scholar

Copyright information

© Springer Science+Business Media New York. Boston 2001

Authors and Affiliations

  • John Douglas
  • Christopher R. B. Thomas
    • 1
  1. 1.Barber and BuntonAustralia

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