Pôle Universitaire Léonard de Vinci
Paris La Défense cedex, 92916
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Fragmentation, Liquidity, Multilateral Trading Facility (MTF), OTC trading, Internalization, Dark trading
European, IPO, initial public offering, euronext, investment banks
Futures, Exchange-Traded Fund, ETF, Efficiency, Arbitrage, Liquidity
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File name: EUFM.
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futures, exchange‐traded fund, ETF, efficiency, arbitrage, liquidity
funded pension, risk regulation, regulatory quality
Funded pension, risk regulation, regulatory quality
Analyst forecasts, analyst rankings, reputation, analyst recommendations
File name: eufm.
Exchange-traded fund (ETF), index trading, transaction costs, liquidity, risk sharing
IPO, initial underpricing, ownership structure, post-listing liquidity, information asymmetry, analyst coverage
transaction costs, spread components, order book, hybrid market, centralised market, fragmentation
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