Asymmetric information and the bid-ask spread: an empirical comparison between automated order execution and open outcry auction

Authors: Pass M.; Bolton R.E.; Coote S.J.; Finch H.; Hindley S.; Lowdon A.; McDonald E.; McLaren J.; Owen M.; Pegg N.A.; Mooney C.J.; Tang C.-M.; Parry S.; Patel C.; Wang J.1

Source: Journal of International Financial Markets, Institutions & Money, Volume 9, Number 2, April 1999 , pp. 115-128(14)

Publisher: Elsevier

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Keywords: Trading mechanism; Bid-ask spread; Information asymmetry; [JEL classification codes] G14; [JEL classification codes] G15

Language: English

Document Type: Research article

DOI: 10.1016/S1042-4431(99)00002-5

Affiliations: 1: School of Banking and Finance, University of New South Wales, Sydney, Australia

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