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Lifting the veil : an analysis of pre trade transparency at the NYSE
We study pre-trade transparency by looking at the introduction of NYSE's open book service that provides limit-order book information to traders off the exchange floor. We find that traders attempt to manage limit-order exposure : they submit smaller orders and cancel orders faster. Specialists' participation rate and the depth they add to the quote decline. Liquidity increases in that the price impact of orders decline, and we find some improvement in the informational efficiency of prices..Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | The American Finance Association., |
|---|---|
| Edisi | - |
| Subjek | - |
| ISBN/ISSN | 00221082 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |