We investigate the effects of competition and signaling in a pure order driven market and examine the trading patterns of agents when walking through the book is not allowed. Our results suggest that the variables capturing ...

A general theory of limit orders for ideals of multilinear forms is developed. We relate the limit order of an ideal to those of its maximal hull and its adjoint ideal. We study the limit orders of the ideals of dominated ...

The following work aims to study the empirical properties of the limit-order books (LOB) of the USD/COP spot market. The article is organized as follows: The first section introduces important concepts and definitions. The ...

The main contribution of this paper is to identify the strong predictive power of the relative, rather than the absolute, volume of orders over volatility. To this end, we propose a new measure, relative liquidity, which ...

A classical perturbation problem is the polynomial perturbation of the harmonic oscillator, (x', y') = (-y + epsilon f(x, y, epsilon), x + epsilon g(x, y, epsilon)). In this paper we study the limit cycles that bifurcate ...

The promulgation of the Constitution of 1988 inserted Brazil into the Democratic Rule-of- Law State paradigm. Thenceforth, fundamental rights play an important role in the legal structure as central norms in the constitutional ...

In this paper we deal with planar piecewise linear differential systems defined in two zones. We consider the case when the two linear zones are angular sectors of angles α and 2π−α, respectively, for α∈(0,π). We study the ...

We apply the averaging method in a class of planar systems given by a linear center perturbed by a sum of continuous homogeneous vector fields, to study lower bounds for their number of limit cycles. Our results can be ...

© 2019 Elsevier B.V.The make-take preferences of investors depend on high-frequency trading (HFT) competition, under which HFT firms endogenously acquire speed and informational advantages. In the case where there are many ...