stock market XETRA and the New York Stock Exchange (NYSE). At first glance, the stock price clustering seems to be less … explanations, like ease of negotiation, convenience and rounding, attraction, odd pricing, and aspiration level for stock price … clustering. As a result we see that no model is able to capture all of our empirical observations. …

is to investigate the relationships and effects of risk attitudes, limit order book information, and price clustering …, and price clustering. Moreover, investors will conduct strategic trading behavior when they face price clustering. …

evolution of integer price clustering of IPOs in the aftermarket trading. Design/methodology/approach – Consistent with Harris … immediately, and whether IPOs have integer offer prices does not affect their integer price clustering in the aftermarket trading …

The goal of this article is to examine evidence of stock price clustering on the South Pacific Stock Exchange, located … prices settling on these two decimals. Upon investigating the determinants of price clustering on the South Pacific Stock … Exchange we find that price level and volume of trade have a statistically significant positive effect on price clustering. We …