design of a trading market, such as the functioning of call versus continuous markets and of dealer versus auction markets …

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 …

Auctions of government bonds are the main allotment method used by the Treasury of advanced economies. Previous … research has found that auctions have an influence on the market yield days before they take place, and underpricing is usually … deeper and more accurately these two findings by taking Italy as a case study. Our results question the so-called auction …

) markets and under frequent batch auctions (FBA). In the absence of informed trading, FBA dominates CLOB just as in Budish et … of the FBA design removes the inefficiency by allowing traders to submit orders conditional on auction excess demand. …