Dispersed Trading and the Prevention of Market Failure: The Case of the Copenhagen Stock Exchange

Research output: Working paperResearch

Standard

Dispersed Trading and the Prevention of Market Failure : The Case of the Copenhagen Stock Exchange. / Porter, David C.; Tanggaard, Carsten; G. Weaver, Daniel; Yu, Wei.

Aarhus : Aarhus School of Business, Department of Business Studies, 2006.

Research output: Working paperResearch

Harvard

Porter, DC, Tanggaard, C, G. Weaver, D & Yu, W 2006 'Dispersed Trading and the Prevention of Market Failure: The Case of the Copenhagen Stock Exchange' Aarhus School of Business, Department of Business Studies, Aarhus.

APA

Porter, D. C., Tanggaard, C., G. Weaver, D., & Yu, W. (2006). Dispersed Trading and the Prevention of Market Failure: The Case of the Copenhagen Stock Exchange. Aarhus School of Business, Department of Business Studies.

CBE

Porter DC, Tanggaard C, G. Weaver D, Yu W. 2006. Dispersed Trading and the Prevention of Market Failure: The Case of the Copenhagen Stock Exchange. Aarhus: Aarhus School of Business, Department of Business Studies.

MLA

Porter, David C. et al. Dispersed Trading and the Prevention of Market Failure: The Case of the Copenhagen Stock Exchange. Aarhus: Aarhus School of Business, Department of Business Studies. 2006.,

Vancouver

Porter DC, Tanggaard C, G. Weaver D, Yu W. Dispersed Trading and the Prevention of Market Failure: The Case of the Copenhagen Stock Exchange. Aarhus: Aarhus School of Business, Department of Business Studies. 2006.

Author

Porter, David C. ; Tanggaard, Carsten ; G. Weaver, Daniel ; Yu, Wei. / Dispersed Trading and the Prevention of Market Failure : The Case of the Copenhagen Stock Exchange. Aarhus : Aarhus School of Business, Department of Business Studies, 2006.

Bibtex

@techreport{cc8218609ca011db8e9e000ea68e967b,
title = "Dispersed Trading and the Prevention of Market Failure: The Case of the Copenhagen Stock Exchange",
abstract = "With augmented demands on power grids resulting in longer and larger blackouts combined with heightened concerns of terrorist attacks, trading institutions and policy makers have widened their search for systems that avoid market failure during these disturbing events. We provide insight into this issue by examining trading behavior at the Copenhagen Stock Exchange during a major blackout. We find that although market quality declined, markets remained functional and some price discovery occurred during the blackout period suggesting that the NOREX structure of interlinked trading systems combined with widely dispersed trading locations may be a viable means of protection against market failure during massive power disruptions or terrorist attacks.",
author = "Porter, {David C.} and Carsten Tanggaard and {G. Weaver}, Daniel and Wei Yu",
year = "2006",
language = "English",
publisher = "Aarhus School of Business, Department of Business Studies",
type = "WorkingPaper",
institution = "Aarhus School of Business, Department of Business Studies",

}

RIS

TY - UNPB

T1 - Dispersed Trading and the Prevention of Market Failure

T2 - The Case of the Copenhagen Stock Exchange

AU - Porter, David C.

AU - Tanggaard, Carsten

AU - G. Weaver, Daniel

AU - Yu, Wei

PY - 2006

Y1 - 2006

N2 - With augmented demands on power grids resulting in longer and larger blackouts combined with heightened concerns of terrorist attacks, trading institutions and policy makers have widened their search for systems that avoid market failure during these disturbing events. We provide insight into this issue by examining trading behavior at the Copenhagen Stock Exchange during a major blackout. We find that although market quality declined, markets remained functional and some price discovery occurred during the blackout period suggesting that the NOREX structure of interlinked trading systems combined with widely dispersed trading locations may be a viable means of protection against market failure during massive power disruptions or terrorist attacks.

AB - With augmented demands on power grids resulting in longer and larger blackouts combined with heightened concerns of terrorist attacks, trading institutions and policy makers have widened their search for systems that avoid market failure during these disturbing events. We provide insight into this issue by examining trading behavior at the Copenhagen Stock Exchange during a major blackout. We find that although market quality declined, markets remained functional and some price discovery occurred during the blackout period suggesting that the NOREX structure of interlinked trading systems combined with widely dispersed trading locations may be a viable means of protection against market failure during massive power disruptions or terrorist attacks.

M3 - Working paper

BT - Dispersed Trading and the Prevention of Market Failure

PB - Aarhus School of Business, Department of Business Studies

CY - Aarhus

ER -