Minerva Elements (Restricted Access: Repository Staff Only)

Permanent URI for this collection

Search Results

Now showing 1 - 1 of 1
  • Item
    Thumbnail Image
    Are Speed Bumps Beneficial?
    Aramian, F ; Comerton-Forde, C ( 2023)
    This paper reviews the theoretical and empirical literature on speed bumps and market quality. Speed bumps are deliberate delays in processing order messages on an exchange. The academic evidence shows that implementing a speed bump benefits the exchange instituting it. It enhances competition at the top of the order book and reduces quoted and effective spreads on the delayed venue