Now showing items 1-5 of 5
Medidas intradiarias de liquidez y de costos de transacción asociados en la Bolsa de Valores de Colombia
(Universidad EAFIT, 2011-12-15)
The two main transaction costs associated to liquidity on a exchange are the bid-ask spread and the price impact. The former measure is deemed relevant only for small transactions, whereas the second is relevant for ...
Actividad bursátil en los mercados accionarios colombianos: Determinantes y evolución 1997 - 2007
(Universidad EAFIT, 2009-09-18)
We present evidence of the important improvement of the Colombian stock market in terms of trading activity in the last ten years. Indeed, the merger of the former three stock exchanges (Bogota, Medellín and Cali) into ...
Calidad de mercado y reformas al sistema transaccional. El Caso de X-Stream en el Mercado accionario colombiano
(Universidad EAFIT, 2013-03-15)
We estimate the effect of the new trading system, X-Stream, on the market quality of the Colombian Stock Exchange on February 2009. We test the effect on liquidity measures (bid-ask margin and price impact), daily and ...
Market quality and structural changes in the trading system. The case of X-Stream on the Colombian stock exchange
(Emerald Group Publishing Limited, 2014)
Purpose. The purpose of this paper is to study the effect of X‐Stream, the new trading platform of the Colombian Stock Exchange since February 2009, on the market quality. Design/methodology/approach. The authors test the ...
Market quality and structural changes in the trading system: The case of X-Stream on the Colombian stock exchange.
(Universidad EAFIT, 2014-03-01)
We study the effect of X-Stream, the new trading platform of the Colombian Stock Exchange since February 2009, on the quality of the stock market. Contributing to the literature on market quality, this paper provides novel ...