The MiFID II Tick Size Regime. Impact on European Equities Trading


Bachelor Thesis, 2018

58 Pages, Grade: 1,3


Excerpt


Contents

List of Tables

List of Figures

List of Abbreviations

List of Symbols

1 Introduction

2 Background Information
2.1 Tick Sizes
2.2 Trading Process
2.3 Price-Time Priority
2.4 Measures of Liquidity

3 Literature Review
3.1 Impact of Tick Sizes
3.1.1 Changes in Tick Size Rules
3.1.2 PriceMovements
3.1.3 Fundamental Impact

4 Changes Brought About ByMiFID II
4.1 Tick Size Regime as defined in Article
4.2 Changes on the German EquityMarket
4.3 Implication for the European Equity Market

5 Empirical Design
5.1 Sample & Data
5.2 Methodology
5.3 Analyzed Parameters

6 Empirical Results
6.1 Impact on Liquidity
6.1.1 Bid-Ask Spread
6.1.2 Order Book Depth
6.1.3 Turnover
6.1.4 Price Volatility
6.2 Impact onMarket Shares
6.2.1 Market Share Distribution
6.2.2 Influence of the Regime

7 Discussion

8 Conclusion

Appendix

References

Excerpt out of 58 pages

Details

Title
The MiFID II Tick Size Regime. Impact on European Equities Trading
College
University of Frankfurt (Main)  (Professur für e-Finance)
Grade
1,3
Author
Year
2018
Pages
58
Catalog Number
V454190
ISBN (eBook)
9783668936690
ISBN (Book)
9783668936706
Language
English
Notes
Die Bachelorthesis "The MiFID II Tick Size Regime: Impact on European Equities Trading" beschreibt den Einfluss der mit MiFID II eingeführten Tick Size auf Liquiditätskennzahlen im europäischen, vor allem deutschen, Aktienhandel und dessen Fragmentierung in Europa.
Keywords
MiFID, MiFIR, Tick Size, Equity, Trading, MiFID II, Finance, Elektronischer Handel, Investment, BWL, Wirtschafts, Wirtschaftswissenschaften, Derivates, Kassamarkt, Cash Market, European, ESMA, Regulatory, Aktien, Aktienhandel, Shares, Securities, Fragmentation
Quote paper
Daniel Fritzler (Author), 2018, The MiFID II Tick Size Regime. Impact on European Equities Trading, Munich, GRIN Verlag, https://www.grin.com/document/454190

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