Impact assessment

Computer trading: order to trade ratios and the Italian stock market

Economic impact assessment on the impact of order to trade ratios on Italian stock market quality.



This economic impact assessment sets out the issues involved in designing order to trade ratio schemes. It also provides a preliminary assessment of the impact that the scheme has had on activity and liquidity in the Italian stock exchange.

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