Price discovery and provision of liquidity

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Financial markets service 2 basic functions, price discovery and provision of liquidity. How does the structure of organised markets servce to facilitate or hinder these functions? What impact have recent changes and trends had on the market's ability to perform these functions? Be sure to include specific examples.

500 words. Please include references. Please do not provide answers that have been copied and rehashed.

Reference no: EM131419884

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