This paper offers a systematic review of the empirical literature on the implications of tick
size changes for exchanges. Our focus is twofold: first, we are concerned with the market …

This paper examines the empirical literature on individual equity options, discussing results
in areas of consensus, showing findings in areas of disagreement and providing a guide for …

We propose empirical measures of non-execution and picking-off risks and demonstrate that
a minimum tick size reduction decreases non-execution risk but increases picking-off risk on …

Abstract On November 1, 2021, the Dalian Commodity Exchange reduced the tick size for
two commodity futures contracts: linear low-density polyethylene (LLDPE) and polyvinyl …

This dissertation provides an empirical evaluation of economic models based on
highfrequency options data. Options data allows for the investigation of heterogeneous …