Cheng, Mei-Hsing; Kang, Hsin-Hong - In: Emerging Markets Finance and Trade 43 (2007) 1, pp. 74-97
This study assesses the market qualities of alternative price-formation processes for an emerging futures marketâthe Taiwan futures market. In 2002, the price formation process in the market changed during the period of trade between call auction and continuous auction. The performances of call...