This chapter discusses whether the purpose of this study and the underlying research questions defined in Chapter 1 have been answered. It includes a résumé of the most important results of this thesis as well as a critical discussion of the transferability of results to other equity markets. Finally, further research areas are suggested.


Market Structure Equity Market Limit Order Order Book Market Order 
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.


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  1. 345.
    See Comerton-Forde/ Frino/ Mollica (2005), p. 534f., Foucault/Moinas/Theissen (2004), p. 38f., and Perotti/Rindi (2006), p. 100.Google Scholar
  2. 346.
    See Hachmeister/ Schiereck (2006), p. 10f.Google Scholar
  3. 347.
    See Ahn/ Bae/ Chan (2001), p. 771f. In addition to the SEHK, the KSE also reveals broker identities, see Comerton-Forde/Frino/Mollica (2005), p. 530.Google Scholar
  4. 348.
    Anand/ Chakravarty/ Martell (2005), p. 308 report that specialist participation was 9.9% in 1991 and 15% during 2001 and 2002. See also Kaniel/Liu (2006), p. 1883.Google Scholar

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