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dc.contributor.authorAvila, Kristoffer Kevin
dc.date.accessioned2009-02-26T03:24:06Z
dc.date.available2009-02-26T03:24:06Z
dc.date.issued2009-02-26T03:24:06Z
dc.identifier.urihttp://hdl.handle.net/2123/4074
dc.description.abstractIn considering the behaviour of market participants, this paper introduces a new variable into the model for the determinants of institutional trading costs. By using an ex-ante measure of the concentration in the opposite-side of the market, this study suggests that traders on the opposite-side of the market herd against an incoming trader looking to trade a series of orders. The new variable measures the level of broker competition prevailing on the opposite-side of the market and is found to be negatively related with price impact.en
dc.language.isoenen
dc.rightsThe author retains copyright of this thesis
dc.subjectDoes market depth concentration matter? Evidence from the Australian Stock Exchangeen
dc.titleDoes market depth concentration matter? Evidence from the Australian Stock Exchangeen
dc.typeThesis, Honoursen
dc.contributor.departmentDiscipline of Financeen


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