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

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

Links for this article

http://www.ingentaconnect.com/els/10424431/1999/00000009/00000002/art00002
http://openurl.ingenta.com/content?genre=article&issn=1042-4431&volume=9&issue=2&spage=115&epage=128
http://dx.doi.org/10.1016/S1042-4431(99)00002-5