TY  - GEN
AB  - This paper formalizes the price and asset allocation mechanism of multi-unit double auctions in Xetra, the electronic equity trading system operated by the German stock exchange. The trading principles are embedded into the classical theory of quantity rationing. The properties of Xetra auctions are investigated and possibilities to improve the auction mechanism are discussed.
DA  - 2005
KW  - Financial markets
KW  - Xetra
KW  - Electronic trading systems
KW  - Multi-unit double auctions
KW  - Market mechanism
KW  - Disequilibrium
KW  - Rationing
LA  - eng
PY  - 2005
TI  - Auction prices and asset allocations of the electronic equity trading system Xetra
UR  - https://nbn-resolving.org/urn:nbn:de:hbz:361-9696
Y2  - 2024-11-22T10:41:44
ER  -