File: Economics Pdf 52167 | Ding Quoting Behavior Fx 2005b1
market structure and dealer s quoting behavior in the foreign exchange market liang ding department of economics university of north carolina at chapel hill chapel hill nc 27514 usa abstract ...
Filetype PDF | Posted on 20 Aug 2022 | 4 years ago
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...Market structure and dealer s quoting behavior in the foreign exchange liang ding department of economics university north carolina at chapel hill nc usa abstract noticing that customer inter markets are different this paper examines impact difference on both theoretically empirically we show mid quote equals one spread is wider than while their differential tends to fall with rise order size contrast preceding models claiming has positive effect found be ambiguous our model testing a new data set provides convincing evidences favor theoretical conclusions jel classification f g keywords microstructure bid ask corresponding author tel fax email address unc edu leon introduction fx decentralized dealership where orders pass an intermediary for execution price currency created by prices response trading initiatives based can divided into bank which dealers banks trade each other customers accordingly actually quotes two pairs practice questions arising does same any given point time furt...