spread and volatility is weaker after the switch to anonymity. …

with similarities to the floor of the NYSE. Our main hypothesis is that the non-anonymity allows the specialist to assess … pronounced than the quote adjustment after transactions at prices inside the spread. Our results indicate that anonymity comes at …

this switch to anonymity on market liquidity and the informational content of the limit order book. Our empirical analysis … anonymity alters the informational content of the bid-ask spread and market liquidity. For our sample stocks, we find that the … switch to anonymity in Euronext paris has significantly reduced the average quoted spread and the average effective spread …

design features, such as minimum tick size, immediacy and anonymity; market conditions, such as liquidity and volatility; and …

design features, such as minimum tick size, immediacy and anonymity; market conditions, such as liquidity and volatility; and …

that the strength of the association between the spread and volatility is weaker after the switch to anonymity. …

design features, such as minimum tick size, immediacy and anonymity; market conditions, such as liquidity and volatility; and …

design features, such as minimum tick size, immediacy and anonymity; market conditions, such as liquidity and volatility; and …

this switch to anonymity on market liquidity and the informational content of the limit order book. Our empirical analysis … anonymity alters the informational content of the bid-ask spread and market liquidity. For our sample stocks, we find that the … switch to anonymity in Euronext paris has significantly reduced the average quoted spread and the average effective spread …

between the spread and volatility is weaker after the switch to anonymity. …