【摘要】 信息技术的飞速发展给证券市场带来的交易系统计算机化的革命引起了证券交易的一系列变革 ,使得以证券交易结构为核心的市场微观结构的选择已经成为证券价格发现过程及资本市场健康发展的重要因素。本文重点介绍了市场微观结构的一些要素 ,并着重分析了市场微观结构对市场流动性的影响。更多还原

【Abstract】 New changes in securities trading,resulting from the rapid IT development and hence a computerization of the trading system,make the micro structure of market chosen on the basis of securities composition play and important role in discovering the securities price and developing the capital market.The important points in the paper direct at the factors in micro composition of market on the one hand,and its impacts on market liquidity on the other.更多还原