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.
KeywordsMarket Structure Equity Market Limit Order Order Book Market Order
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- 345.See Comerton-Forde/ Frino/ Mollica (2005), p. 534f., Foucault/Moinas/Theissen (2004), p. 38f., and Perotti/Rindi (2006), p. 100.Google Scholar
- 346.See Hachmeister/ Schiereck (2006), p. 10f.Google Scholar
- 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
- 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