# Liquid markets and market liquids: collective and single-asset dynamics in financial markets

Source: [Liquid markets and market liquids: collective and single-asset dynamics in financial markets](<https://www.sota2.com/research/paper/68fa254c2c2a3760193aed81>)

Collection index: [llms.txt](<https://www.sota2.com/research/llms.txt>)

Data updated: 2025-10-24T10:37:51.915Z

Authors: G. Cuniberti, L. Matassini

Published: 2001-01-10T18:31:51.000Z

## Abstract

We characterize the collective phenomena of a liquid market. By interpreting the behavior of a no-arbitrage N asset market in terms of a particle system scenario, (thermo)dynamical-like properties can be extracted from the asset kinetics. In this scheme the mechanisms of the particle interaction can be widely investigated. We test the verisimilitude of our construction on two-decade stock market daily data (DAX30) and show the result obtained for the interaction potential among asset pairs.

## Recorded benchmark results

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## Original sources and implementation

[Original paper](<https://arxiv.org/abs/cond-mat/0101143>)

[PDF](<https://arxiv.org/pdf/cond-mat/0101143.pdf>)