Werner, Ingrid M. (contributor) - 2003 - [Elektronische Ressource]
-sized
orders, it is a priori unclear what effect the tick-size reduction has had on liquidity
demanding large institutional orders … on
market liquidity. However, it is challenging to assess how liquidity is affected by a tick
size reduction. While …. Since these tests do not
permit controls for other factors that might differ across the samples aside from the tick-
size …