Tick size and stock returns
Tick size is an important aspect of the micro-structural level organization of financial markets. It is the smallest institutionally allowed price increment, has a direct bearing on the bid–ask spread, influences the strategy of trading order placement in electronic markets, affects the price format...
Main Authors: | Onnela, J, Toyli, J, Kaski, K |
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Format: | Journal article |
Published: |
2009
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