NZX Joins the Race to Minimise Tick Size
In 2011, the New Zealand Exchange (NZX) reduced the minimum tick size from $0.01 to $0.005 for seventeen dual-listed and property stocks, with the stated objective of boosting NZX liquidity. After controlling for firms matched on similar liquidity characteristics, both spread and depth significantly...
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| Format: | Article |
| Language: | English |
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Tuwhera Open Access Publisher
2013-11-01
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| Series: | Applied Finance Letters |
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| Online Access: | https://ojs.aut.ac.nz/applied-finance-letters/article/view/13 |