Corey Garriott

TL;DR: In this article, the authors show that competition among high-frequency trading firms (HFT) influences liquidity and that HFT entries increase liquidity and the reverse is true for exits.

TL;DR: In this paper, the authors model how securities dealers respond to regulations on leverage, position, and liquidity such as those imposed by the Basel III framework by endogenously moving to make markets on an agency basis, matching buyers to sellers rather than taking client positions on the balance sheet.

TL;DR: In this article, the authors present a model of market makers subject to recent banking regulation: liquidity and capital constraints as in Basel III and a position limit as in the Volcker Rule.

TL;DR: The presente etude constitue le premier volet d'une serie de travaux que le departement des Marches financiers consacre a la description de l'organisation industrielle du secteur financier canadien as discussed by the authors.