Brokers and Order Flow Leakage: Evidence from Fire Sales
收藏NBER2017-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24089
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资源简介：
Using trade-level data, we study whether brokers play a role in spreading order flow information. We focus on large portfolio liquidations, which result in temporary drops in stock prices, and identify the brokers that intermediate these trades. We show that these brokers best clients tend to
提供机构：
美国国家经济研究局
创建时间：
2017-12-01
