Auction prices and asset allocations of the electronic equity trading system Xetra

Li X, Wenzelburger J (2005) Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld.
Bielefeld: Universität Bielefeld.

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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.
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Li X, Wenzelburger J. Auction prices and asset allocations of the electronic equity trading system Xetra. Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld. Bielefeld: Universität Bielefeld; 2005.
Li, X., & Wenzelburger, J. (2005). Auction prices and asset allocations of the electronic equity trading system Xetra (Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld). Bielefeld: Universität Bielefeld.
Li, X., and Wenzelburger, J. (2005). Auction prices and asset allocations of the electronic equity trading system Xetra. Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld, Bielefeld: Universität Bielefeld.
Li, X., & Wenzelburger, J., 2005. Auction prices and asset allocations of the electronic equity trading system Xetra, Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld, Bielefeld: Universität Bielefeld.
X. Li and J. Wenzelburger, Auction prices and asset allocations of the electronic equity trading system Xetra, Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld, Bielefeld: Universität Bielefeld, 2005.
Li, X., Wenzelburger, J.: Auction prices and asset allocations of the electronic equity trading system Xetra. Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld. Universität Bielefeld, Bielefeld (2005).
Li, Xihao, and Wenzelburger, Jan. Auction prices and asset allocations of the electronic equity trading system Xetra. Bielefeld: Universität Bielefeld, 2005. Discussion paper / Fakultät für Wirtschaftswissenschaften, Universität Bielefeld.
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