Construct · 1 fields · 1 citations

market fragmentation: a standalone construct

One name. One construct. A landmark on the map.

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marketfragmentation1 CONSTRUCTMarket fragmentationO'HARA · MARKET MICROSTRUCTURE

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Market microstructure

the dispersion of trading in a security across many venues, studied for its effects on liquidity, efficiency and transaction costs.

In market microstructure, market fragmentation refers to the dispersion of trading in a security across many venues, studied for its effects on liquidity, efficiency and transaction costs. This meaning comes from O'Hara (2011) in Journal of Financial Economics.[1]

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Nearby constructs

dispersion4 fields · 6 citationsjingle · one word, four constructsefficiency4 fields · 5 citationsjingle · one word, four constructsfragmentation5 fields · 5 citationsjingle · one word, five constructs

References

  1. O'Hara, M., & Ye, M. (2011). Is market fragmentation harming market quality? Journal of Financial Economics, 100(3), 459-474. https://doi.org/10.1016/j.jfineco.2011.02.006

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