@article{oai:nagasaki-u.repo.nii.ac.jp:00003170,
 author = {森保, 洋},
 issue = {3-4},
 journal = {経営と経済, Journal of Business and Economics},
 month = {Mar},
 note = {Osaka Stock Exchange introduced J-GATE, a newly trading platform for derivative trading on February 2011．By using the introduction as an exogenous event that increases high-frequency trading in the futures market, this paper investigates whether high-frequency trading in futures market improve its spot market liquidity. The empirical results provide the evidence that high-frequency trading improve spot market liquidity in terms of spread measures. However, the results find that the market depth in the spot market is not improved by the high-frequency trading., 長崎大学経済学部創立110周年記念論文集, Essays in Commemoration of the 110th Anniversary of the Faculty of Economics, Nagasaki University, 経営と経済, 95(3-4), pp.95-115; 2016},
 pages = {95--115},
 title = {先物市場における高速取引が現物市場の流動性に与える影響},
 volume = {95},
 year = {2016}
}