DEFINITION of 'Flight To Liquidity'
A situation where investors attempt to liquidate positions in inactive or illiquid assets and purchase positions in more liquid assets. A flight to liquidity would typically take place during times of economic or market uncertainty, as investors fear that the markets may tumble they choose to seek positions in more liquid securities in order to increase their abilities to sell their positions in the case where they wish to leave the market.



Read more: Flight To Liquidity Definition | Investopedia http://www.investopedia.com/terms/flight-to-liquidity.asp#ixzz4Y0phtijC
Follow us: Investopedia on Facebook

我也觉得上面说反了，

这个有的文章提及过，涉及到交易所的层面就是流动性竞争，交易所争相获得投资者订单