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 OpenBook 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&#...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2005
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/4661 https://doi.org/10.1111/j.1540-6261.2005.00746.x |
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| Institution: | Singapore Management University |
| Language: | English |