---
title: Market Fragmentation
url: https://www.ml-quant.com/papers/ssrn/4517362/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4517362
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4517362
featured: 2023-07-26
citations: unknown
topic: Trading, Microstructure & Execution
---


# Market Fragmentation

A rise in market fragmentation, the spread of market trading across various platforms, results in a greater price impact of equity trading, especially for smaller stocks.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4517362
- Identifier: SSRN 4517362
- Released: 2023-02-27
- First featured: Quant Letter No. 9 (2023-07-26): https://www.ml-quant.com/issues/2023-07-26/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Trading, Microstructure & Execution

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