Lin, Yaling; Ma, Tai; Chen, Hsiu-Kuei - In: Review of Pacific Basin Financial Markets and Policies … 11 (2008) 04, pp. 531-554
This study examines the impact of increasing pre-trade transparency using intraday data from the Taiwanese stock market, which has recently experienced gradually increasing transparency. The analytical results indicate the disclosed quotes are more informative than the accompanied depths, and...