Notes for a Contingent Claims Theory of Limit Order Markets
收藏NBER2005-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11533
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资源简介：
This paper provides a road map for building a contingent claims theory of limit order markets grounded in a simple observation: limit orders are equivalent to a portfolio of cash-or-nothing and asset-or-nothing digital options on market order flow. However, limit orders are not conventional
提供机构：
美国国家经济研究局
创建时间：
2005-08-01
