information content of the pre-market auction session over time. We derive that the information content of the pre opening auction …

Closing auction volume steadily increased over the last decade and it reached a peak of about 10% of the total trading … volume in 2019. We examine the price impact and resiliency of closing auctions, and we compare closing auction liquidity in …

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

The closing auction has experienced significant growth over the last decade, and it has become increasingly important …

auctions conducted to date and evaluate their efficacy by comparing the auction outcomes to prices of the underlying bonds in … process: Participation is high, open interest is low, and the auction prices are close to the prices observed in the bond … market before and after each auction has occurred. We qualify our conclusions by noting that relatively few auctions have …

auctions conducted to date and evaluate their efficacy by comparing the auction outcomes to prices of the underlying bonds in … process: Participation is high, open interest is low, and the auction prices are close to the prices observed in the bond … market before and after each auction has occurred. We qualify our conclusions by noting that relatively few auctions have …