Hsieh, Tzung-Yuan; Chuang, Shaung-Shii; Lin, Ching-Chung - In: Review of Pacific Basin Financial Markets and Policies … 11 (2008) 04, pp. 591-616
Empirical studies on the influence of tick-size reduction towards market liquidity have focused almost exclusively on quote-driven markets in developed nations, and generally their findings are based on time periods of less than one year. This work investigates the influence of tick-size...