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The traditional trading procedure as currently adopted in centralized financial exchanges sets, at a point in time, the most competitive price as the single transaction price of all units of an asset consummated in trading. The trading procedure for the discovery of asset price risks introduced...
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The traditional trading procedure as adopted in centralized financial exchanges sets, at a point in time, the most competitive price as the single transaction price of all units of an asset consummated in trading. The counterfactual trading procedure introduced in this essay, in opposite, sets a...
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