1998
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Christian Gouriéroux et al., « Effet des modes de négociation sur les échanges », Revue économique (documents), ID : 10.2307/3502810
The effect of matching procedures on trades The trading systems used on financial markets differ in terms of matching procedures, selected norms to write contracts, existence or not of intermediaries to ensure liquidity, market transparency... We are interested in measuring the direct effect on market specifics of a matching procedure modification namely, the matching frequency and the choice of a unique or multiple prices for the contracts concluded simultaneously.