User profiles for Mark Van Achter
Mark Van AchterAssociate Professor of Finance, KU Leuven Verified email at kuleuven.be Cited by 327 |
Dynamic order submission strategies with competition between a dealer market and a crossing network
H Degryse, M Van Achter, G Wuyts - Journal of Financial Economics, 2009 - Elsevier
We analyze a dynamic microstructure model in which a dealer market (DM) and a crossing
network (CN) interact for three informational settings. A key result is that coexistence of …
network (CN) interact for three informational settings. A key result is that coexistence of …
Shedding light on dark liquidity pools
H Degryse, M Van Achter, G Wuyts - 2008 - papers.ssrn.com
This article reviews the recent developments on dark liquidity pools starting from the theoretical
and empirical academic literature. The number of dark liquidity pools as well as their …
and empirical academic literature. The number of dark liquidity pools as well as their …
[PDF][PDF] High-frequency trading and market stability
D Bongaerts, M Van Achter - SSRN Electronic Journal, 2016 - aeaweb.org
In recent years, technological innovations and changes in financial regulation induced a new
set of liquidity providers to arise on financial markets: high-frequency traders (HFTs). HFTs …
set of liquidity providers to arise on financial markets: high-frequency traders (HFTs). HFTs …
Competition among liquidity providers with access to high-frequency trading technology
D Bongaerts, M Van Achter - Journal of Financial Economics, 2021 - Elsevier
We model endogenous technology adoption and competition among liquidity providers with
access to High-Frequency Trading (HFT) technology. HFT technology provides speed and …
access to High-Frequency Trading (HFT) technology. HFT technology provides speed and …
Alternative trading systems and liquidity
H Degryse, M Van Achter - Technology and Finance, 2002 - taylorfrancis.com
Traditional exchanges face enormous challenges. Technology, deregulation and investor
needs are driving forces reshaping the trading landscape throughout the world. Technological …
needs are driving forces reshaping the trading landscape throughout the world. Technological …
Circuit breakers and market runs
S Draus, M Van Achter - Available at SSRN 2081962, 2016 - papers.ssrn.com
Merely out of fear for future liquidity shocks, traders may run on financial markets. We show
this coordination failure could be overcome by applying circuit breakers (which curb …
this coordination failure could be overcome by applying circuit breakers (which curb …
[PDF][PDF] Beursfusies: Motieven en uitdagingen
H Degryse, M Van Achter - Maandschrift economie, 2001 - pure.uvt.nl
De effectenbeurzen Stonden recentelijk in her rniddelpunt van de bdangsteiling. Een voor
de hand Iiggende reden hiervoor vormt de enorme voian’liteir van de aandelenprijzen ge ‘…
de hand Iiggende reden hiervoor vormt de enorme voian’liteir van de aandelenprijzen ge ‘…
Plumbing of securities markets: The impact of post-trade fees on trading and welfare
H Degryse, M Van Achter, G Wuyts - Management Science, 2022 - pubsonline.informs.org
We analyze how market design choices about counterparty information and costs related to
the “plumbing” (ie, clearing, settlement, and custody) of securities markets affect market …
the “plumbing” (ie, clearing, settlement, and custody) of securities markets affect market …
A dynamic limit order market with diversity in trading horizons
M Van Achter - Available at SSRN 967610, 2008 - papers.ssrn.com
This paper considers a trading game in which sequentially arriving liquidity traders either
opt for a market order or for a limit order. One class of traders is considered to have an …
opt for a market order or for a limit order. One class of traders is considered to have an …
Dark trading
H Degryse, G Tombeur, M Van Achter… - … in Emerging and …, 2013 - Wiley Online Library
The landscape of financial markets has changed substantially over the last few decades.
Next to the traditional financial markets, some venues with very different institutional setups …
Next to the traditional financial markets, some venues with very different institutional setups …