Dark Trading at the Midpoint: Pricing Rules, Order Flow, and High Frequency Liquidity Provision
收藏NBER2015-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21286
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资源简介：
Using over eight trillion observations of market data, we use a regression discontinuity design to analyze the effect of increasing the minimum price variation (MPV) for quoting equity securities in light of recent proposals to increase the MPV from $0.01 to $0.05. We show that a larger MPV
提供机构：
美国国家经济研究局
创建时间：
2015-06-01
