Limit Order Book and the Market Quality of Less Liquid Securities: the Evidence
نویسنده
چکیده
The electronic limit-order trading system have been sweeping the exchanges around the globe since last decade. This paper studies a case of the transition, which is a group of less-liquid stocks moving to SETS on the London Stock Exchange. The evidence reveals that the liquidity of those stocks substantially drops after the move.
منابع مشابه
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