Impact assessment

Computer trading: minimum quote life and maximum order message-to-trade ratio

Economic impact assessment on the new order book restrictions.

Document

Minimum quote life and maximum order message-to-trade ratio (EIA1)

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Details

This economic impact assessment studies the impact of the proposed order book activity restrictions. These restrictions aim to increase market liquidity and improve investor confidence in a way that will not harm other measures of market quality.

This impact assessment was commissioned as part of the Foresight project on the future of computer trading.

Published 31 August 2012