Year of Graduation
Intraday Liquidity Behavoir Specifics
Financial Markets and Financial Institutions
In this paper, the impact of foreign investors on the intraday liquidity of ETFs and shares quoted on the Moscow Stock Exchange was examined. As a result of the liquidity analysis, it was concluded that foreign investors positively affect both the liquidity of the shares and the liquidity of the ETF. In addition, the work concludes that the Russian stock market and the ETF do not support the conclusions of many theoretical works on the U-shaped intraday liquidity.