Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Tick Size Reductions effect on provisions of Liquidity: Research on the Stockholm Stock Exchange
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
2015 (English)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

The tick size of a security has acted as powerful tool for regulators to improve market quality, encourage trade, and create fair competition in trading venues. As a result, The Federation of European Securities Exchange (FESE) has long been concerned with finding an optimal tick size regime to implement across exchanges in Europe. From 2009-2010, The FESE and the Stockholm Stock Exchange (SSE) implemented the FESE tick size table 2 for 81 Large Cap stocks in a collaborative effort to enhance the overall market quality for all of its participants. This study investigates the FESE tick size table 2 that was implemented in October 2009 and June 2010 on the SSE and its impact on Large Cap stocks in term of liquidity.

Through the measurement and analysis of the three commonly used features of liquidity (bid-ask spread, depth, and trade volume), the study suggests that the provisions of liquidity increased due to the implementation of the FESE tick size table 2 overall, improving market quality and encouraging trade amongst its participants.

Place, publisher, year, edition, pages
2015. , p. 38
Keywords [en]
Tick size, Public limit order book, bid-ask spread, depth, trade volume, liquidity
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-26545ISRN: JU-IHH-FÖA-2-20150067OAI: oai:DiVA.org:hj-26545DiVA, id: diva2:811465
Subject / course
IHH, Business Administration
Supervisors
Available from: 2015-06-15 Created: 2015-05-12 Last updated: 2015-06-15Bibliographically approved

Open Access in DiVA

Tick Size Reductions effect on provisions of Liquidity by Fritjof Kjell (May 2015)(929 kB)346 downloads
File information
File name FULLTEXT01.pdfFile size 929 kBChecksum SHA-512
abdbb3cd030a830a3ea1a3efe59fe4ff2a11875dbc69843801e325825ca46ce30f24b133e4bfdb0e7b753c99a4d1a988c9811fabd07e8ea5ba184b160a949eac
Type fulltextMimetype application/pdf

By organisation
JIBS, Business Administration
Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 346 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 285 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf