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Low-Latency Trading and Price Discovery: Evidence from the Tokyo Stock Exchange in the Pre-Opening and Opening Periods 

Bellia, Mario; Pelizzon, Loriana; Subrahmanyam, Marti G.; Uno, Jun; Yuferova, Darya (2015-03-01)
We study whether the presence of low-latency traders (including high-frequency traders (HFTs)) in the pre-opening period contributes to market quality, defined by price discovery and liquidity provision, in the opening ...
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AuthorBellia, Mario (1)Pelizzon, Loriana (1)Subrahmanyam, Marti G. (1)... View MoreResearch Area
Financial Markets (1)
... View MoreJEL ClassificationG12 (1)G14 (1)Topic
Corporate Finance (1)
Saving and Borrowing (1)Trading and Pricing (1)Keywordhigh-frequency traders (hfts) (1)liquidity provision (1)opening call auction (1)... View MoreDate Issued
2015 (1)
Has File(s)Yes (1)
© 2021  SAFE  hebis Logo
Leibniz Gemeinschaft
About  Data Protection