Information revelation in the Greek exchange opening call: Daily and intraday evidence
P Anagnostidis, A Kanas, G Papachristou - Journal of International …, 2015 - Elsevier
The opening call auction has widely been adopted in large exchanges as a tool for
stabilizing prices and revealing fair values after a period of no trade. Existing evidence,
however, suggests that it does not perform equally in all markets and stocks. On the other
hand, smaller emerging markets have not attracted sufficient empirical attention so far and
we rather ignore whether call auctions are suitable mechanisms for their opening. Taking
the Athens Exchange as a typical example of a thin peripheral market, we present evidence …
stabilizing prices and revealing fair values after a period of no trade. Existing evidence,
however, suggests that it does not perform equally in all markets and stocks. On the other
hand, smaller emerging markets have not attracted sufficient empirical attention so far and
we rather ignore whether call auctions are suitable mechanisms for their opening. Taking
the Athens Exchange as a typical example of a thin peripheral market, we present evidence …
Information revelation in the Greek Exchange opening call
P Anagnostidis, G Papachristou, A Kanas - 2015 - ikee.lib.auth.gr
The opening call auction has widely been adopted in large exchanges as a tool for
stabilizing prices and revealing fair values after a period of no trade. Existing evidence,
however, suggests that it does not perform equally in all markets and stocks. On the other
hand, smaller emerging markets have not attracted sufficient empirical attention so far and
we rather ignore whether call auctions are suitable mechanisms for their opening. Taking
the Athens Exchange as a typical example of a thin peripheral market, we present evidence …
stabilizing prices and revealing fair values after a period of no trade. Existing evidence,
however, suggests that it does not perform equally in all markets and stocks. On the other
hand, smaller emerging markets have not attracted sufficient empirical attention so far and
we rather ignore whether call auctions are suitable mechanisms for their opening. Taking
the Athens Exchange as a typical example of a thin peripheral market, we present evidence …
以上显示的是最相近的搜索结果。 查看全部搜索结果