The impact of the tick size reduction on liquidity: Empirical Evidence from the Jakarta Stock Exchange
On July 3, 2000, the Jakarta Stock Exchange (JSX) reduced its tick size from Rp25.00 to Rp5.00. This study examines the impact of the tick size reduction on the JSX bid-ask spread, market depth, and trading activity. Using daily data, this study finds that the rupiah spread, percentage spread, and d...
| Main Author: | |
|---|---|
| Format: | Article |
| Published: |
[Yogyakarta] : Fak Hukum UGM
2004
|
| Subjects: |