User profiles for Mark Van Achter

Mark Van Achter

Associate 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 …

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 …

[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 …

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 …

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 …

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 …

[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 ‘…

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 …

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 …

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 …