Hsieh, Tzung-Yuan; Chuang, Shaung-Shii; Lin, Ching-Chung - In: Review of Pacific Basin Financial Markets and Policies … 11 (2008) 04, pp. 591-616
that the spread, depth, market liquidity, and binding-constraint probability all decrease following the tick-size reduction … declines in spread, depth, and market liquidity following tick-size reduction. Trading activity plays an important role in … explaining changes in spread, depth, market liquidity, and binding constraints. Thus, tick-size reduction in the Taiwanese Stock …