haku: @freeterm market mechanisms / yhteensä: 2
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| Tekijä: | Christie, W.G. Corwin, S.A. Harris, J.H. |
| Otsikko: | Nasdaq trading halts: the impact of market mechanisms on prices, trading activity, and execution costs |
| Lehti: | Journal of Finance
2002 : JUN, VOL. 57:3, p. 1443-1478 |
| Asiasana: | PRICES TRADING TRANSACTION COSTS |
| Vapaa asiasana: | MARKET MECHANISMS |
| Kieli: | eng |
| Tiivistelmä: | The authors study the effects of alternative halt and reopening procedures on prices, transaction costs, and trading activity for a sample of news-related trading halts on Nasdaq. For intraday halts that reopen after only a five-minute quotation period, inside quoted spreads more than double following halts and volatility increases to more than nine times normal levels. |
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