We explore the relation between limit order price clustering and price efficiency. We find that executed sell limit orders cluster more frequently on round increments than buy limit orders and that this asymmetry in clustering is consistent with the well documented asymmetry in price response to...

Fund managers always keep their tab on the market, and keep searching for avenues where they can park their assets for a higher return. Although the equity markets, all over the world are much more popular for such activities, and have started to assume a more prominent role during the past...