• Why Do Firms Pay for Liquidity Provision in Limit Order Markets? 

      Skjeltorp, Johannes A.; Ødegaard, Bernt Arne (Working Papers;12/2010, Working paper, 2010)
      In recent years, a number of electronic limit order markets have reintroduced market makers for some securities (Designated Market Makers). This trend has mainly been initiated by financial intermediaries and listed firms ...