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| Author: | Heidle, H. G. Huang, R. D. |
| Title: | Information-based trading in dealer and auction markets: an analysis of exchange listings |
| Journal: | Journal of Financial and Quantitative Analysis
2002 : SEP, VOL. 37:3, p. 391-424 |
| Index terms: | AUCTIONS DEALERS INFORMATION STOCK MARKET LISTING STOCK MARKETS |
| Language: | eng |
| Abstract: | Are auction markets or dealer markets better able to identify informed traders? This analysis of firms that transfer to an alternative exchange structure indicates that traders are more anonymous in a competing dealer market than in an auction environment. |
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