quoting fixed rates of return on specified wagers. A parimutuel game is conducted as a call auction in which odds are allowed … to fluctuate during the betting period until the betting period is closed or the auction 'called'. The prices or odds of … under parimutuel principles is characterised by (1) call auction, non-continuous trading; (2) riskless funding of claim …

is a call auction where relative equilibrium prices of contingent claims are endogenously determined using a specific …

auction in the pre-open session from 18 October 2010. This paper analyzes the impact of introduction of pre-open call auction … result shows a decline in the market model R2 for both opening and closing returns of stocks forming the part of call auction … and also control sample. However, the magnitude of decline is less in the opening prices for the call auction stocks …

of the FBA design removes the inefficiency by allowing traders to submit orders conditional on auction excess demand. …

volatility, I conclude that after-auction periods take over a large share of infrequent rebalancing, being attractive for a … infrequent rebalancing after the daytime auctions. Finally, I show that post-auction returns predict returns before the US market …