Electronic Market-Makers: Empirical Comparison
نویسندگان
چکیده
Market-makers have been used by global stock exchanges as well as prediction markets to maintain liquidity and orderly price transitions in the financial markets. We use an agent-based model of the financial markets to analyze the behavior of market-makers employing various strategies. We empirically evaluate the performance of the market-makers in the financial market to demonstrate the strengths and weaknesses of the existing market-maker strategies and to test them against each other.
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