DocumentCode
1859519
Title
An empirical study on the foreign exchange market´s liquidity after the introduction of the market-maker system
Author
Shuyin, Li ; Dan, Liu
Author_Institution
Sch. of Econ., Beijing Technol. & Bus. Univ., Beijing, China
Volume
3
fYear
2011
fDate
13-15 May 2011
Firstpage
543
Lastpage
548
Abstract
In this paper, the financial marker microstructure theory is the basis, China´s foreign exchange marker-maker system is the object of the study. By combining the theoretical analysis and empirical testing method, this paper investigate the changes of the foreign exchange market´s liquidity after the introduction of the market-maker system, and proved the system indeed played a positive role in our foreign exchange marker.
Keywords
financial management; foreign exchange trading; market opportunities; financial marker microstructure theory; foreign exchange market; liquidity; market-maker system; Exchange rates; Fluctuations; Organizations; Qualifications; Regulators; Risk management; Security; Liquidity; Market-maker system; The foreign exchange market;
fLanguage
English
Publisher
ieee
Conference_Titel
Business Management and Electronic Information (BMEI), 2011 International Conference on
Conference_Location
Guangzhou
Print_ISBN
978-1-61284-108-3
Type
conf
DOI
10.1109/ICBMEI.2011.5920512
Filename
5920512
Link To Document