Abstract

http://ssrn.com/abstract=1144512
 
 

Citations



 


 



Applying Pricing Engineering for Electronic Financial
Markets


Peter Gomber


Goethe University Frankfurt Faculty of Economics and Business Administration

Marco Lutat


Goethe University Frankfurt Faculty of Economics and Business Administration


Electronic Markets, Vol. 17, Iss. 4, pp. 298-308

Abstract:     
Due to the demutualisation of exchanges, the business case of operating an electronic financial market has become even more important. Specifically, it is vital to design pricing incentives for the provision of order flow and thereby to assure market liquidity. The paper will introduce the concept of pricing engineering for electronic financial markets. Based on an analysis of environmental factors and the objectives of the market operator, a focus will be laid on the implementation of fee structures that include liquidity incentives. The concepts were implemented in the context of a new electronic market, the Dubai International Financial Exchange (DIFX). The project will be described as a case study for the practical realisation of the pricing engineering approach.

Accepted Paper Series


Not Available For Download

Date posted: June 12, 2008  

Suggested Citation

Gomber, Peter and Lutat, Marco, Applying Pricing Engineering for Electronic Financial Markets. Electronic Markets, Vol. 17, Iss. 4, pp. 298-308. Available at SSRN: http://ssrn.com/abstract=1144512

Contact Information

Peter Gomber
Goethe University Frankfurt Faculty of Economics and Business Administration ( email )
Grueneburgplatz 1
Frankfurt am Main, 60323
Germany
HOME PAGE: http://www.efinancelab.de/no_cache/team/?user_wiwipubs_pi2[showUid]=478
Marco Lutat (Contact Author)
Goethe University Frankfurt Faculty of Economics and Business Administration ( email )
Grueneburgplatz 1
Frankfurt am Main, 60323
Germany
HOME PAGE: http://www.efinancelab.de/no_cache/team/?user_wiwipubs_pi2[showUid]=548
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