Bontempi, Maria Elena; Lucarelli, Caterina - In: Applied Financial Economics 22 (2012) 8, pp. 597-609
We analyse how Pre-Trade Transparency (PTT) affects the behaviour of different stock traders. To do so, we exploit a natural experiment, that is the PTT change in the equity segment of Italian Stock Exchange (ISE) which occurred in July 2007, with the aim of reducing information asymmetries...