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Journals / Doğuş Üniversitesi Dergisi / 2014 / Cilt: 15 - Sayı: 1

MARKET MAKING IN STOCK MARKET AND APPLICATION TO BORSA ISTANBUL

İSSE SENEDİ PİYASASINDA PİYASA YAPICILIĞI SİSTEMİ VE BORSA İSTANBUL UYGULAMASI

Bülent DOĞRU
Bilgehan NACAKÇI
Pages
1–13
Publication Date
2014-01-01
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The empirical results suggest for Borsa Istanbul formerly İMKB , with adoption of market making system, improvements are observed in the liquidity, depth, and spread of stocks.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Stock markets having fast, efficient and low cost systems are one step ahead of others; at these markets auction method and market making system are in operation.
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Key Findings & Data:The empirical results suggest for Borsa Istanbul formerly İMKB , with adoption of market making system, improvements are observed in the liquidity, depth, and spread of stocks.
💡
Conclusion & Impact:That market making system could be useful in increasing continuity of transactions and efficiency of price mechanism in exchanges is being considered
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Piyasa Yapıcılığı · Hisse Senedi Piyasası · İMKB

Abstract

Stock markets having fast, efficient and low cost systems are one step ahead of others; at these markets auction method and market making system are in operation. The empirical results suggest for Borsa Istanbul formerly İMKB , with adoption of market making system, improvements are observed in the liquidity, depth, and spread of stocks. That market making system could be useful in increasing continuity of transactions and efficiency of price mechanism in exchanges is being considered

Özet

Hızlı, etkin ve düşük maliyetli sistemlere sahip borsaların rekabette bir adım önde olduğu günümüzde Hisse Senetleri Piyasası’nda sürekli müzayede sistemi ve piyasa yapıcılığı sistemi birlikte uygulanmaktadır. Borsa İstanbul için elde edilen sonuçlara göre piyasa yapıcılığı sisteminin uygulandığı piyasalarda piyasa likiditesi, derinliği ile genişliğinde iyileşmeler gözlenmekte olup, işlemlerde süreklilik ve fiyatlarda etkinliğin sağlanmasında piyasa yapıcılığı sisteminin kullanılabileceği düşünülmektedir.

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Cite This Article

DOĞRU, B., NACAKÇI, B. (2014). MARKET MAKING IN STOCK MARKET AND APPLICATION TO BORSA ISTANBUL. Doğuş Üniversitesi Dergisi, Cilt: 15 - Sayı: 1, 1–13. https://ajindex.com/articles/658429

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