Supplement to 'Competing on Speed': Online Appendices
20 Pages Posted: 30 Apr 2012 Last revised: 12 Oct 2017
Date Written: October 1, 2017
This supplement comprises an appendix on the security exchange industry, proofs of propositions and lemmas in the main paper and model extensions.
The paper "Competing on Speed" to which these Appendices apply is available at the following URL: http://ssrn.com/abstract=1967156
Keywords: liquidity, fragmentation, welfare, regulation, asset prices, trading venues, trading speed, high-frequency-trading, exchanges
JEL Classification: G12, G15, G18, D40, D43, D61
Suggested Citation: Suggested Citation