Being an essential quality of the financial markets, market liquidity represent a big concern for both, financial authorities and investors. Liquidity offer depends on several parameters including the mode of organization of exchanges. The structure of the Exchange influence directly competition between investors and the quality of the information available to them. Thus, liquidity offer strategies differ from a order driven market of a quote driven market. Therefore, competition between liquidity providers depends on their liquidity offer strategy and differ in both markets.
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