Showing 1 - 2 of 2
We develop a model of limit order trading in which some traders have better information on future price volatility. As limit orders have option-like features, this information is valuable for limit order traders. We solve for informed and uninformed limit order traders' bidding strategies in...
Persistent link: https://www.econbiz.de/10010361995
environments, transparency may reduce expected welfare from an ex-ante point of view: public announcements serve as a focal point …
Persistent link: https://www.econbiz.de/10010366530