Chen, Haiwei; Chen, Honghui; Valerio, Nicholas - In: Applied Economics 35 (2003) 1, pp. 91-97
This article uses intraday data for the year 1992 to investigate the effect of trading halts on price discovery for stocks traded on the New York Stock Exchange. The results show that the degree of benefits from trading halts depends on the types of halts and significance of the news items. It...