The ability to trade large amounts of assets at low costs could be hindered when the size of
the orders is concentrated at specific trade sizes. This paper documents evidence of size …

The price clustering phenomenon manifesting itself as an increased occurrence of specific
prices is widely observed and well documented for various financial instruments and …

Psychological barriers are shown to be a feature in frontier market equity pricing. Using
MSCI Frontier 100 index constituents; prices, upon breaching an upward or downward …

The number 8 is considered lucky under the Chinese culture. This paper tries to examine
whether investors hold such superstitious belief in the Hong Kong Stock Exchange. Using …

This paper examines order price clustering, size clustering, and stock price movements in an
active emerging country's equities market, the Taiwan Stock Exchange (TWSE). We first …

We examine quantity choice patterns by equity traders across trading hours in the US
Controlling for intraday variations in trading activity, we find that traders submit more non …

We investigate how new information impacts quote clustering in the bond market. We find
that clustering, along with quote activity, price volatility and bid‐ask spreads, increases …

Abstract On June 2, 2009, NYSE LIFFE Amsterdam reduced the tick size for options trading
at prices below€ 0.20 from€ 0.05 to€ 0.01 and on April 1, 2010, the exchange increased the …

Using a sample of 26 markets, this paper investigates if trade-size clustering affects price
efficiency. Our results suggest that more clustering trades are associated with greater …

Since the beginning of the 2000's, equity crowdfunding has emerged as a new avenue for
founders to finance their ventures. This has attracted researchers to study the campaign …