Crain, Susan J.; Hoelscher, Seth A.; Jones, Jeffrey S. - In: ACRN journal of finance and risk perspectives 9 (2020) 1, pp. 177-197
transparency, the London spot price “fixing” mechanism was recently changed from an opaque negotiation process among a small number … the price fixing process raises questions about whether manipulation was occurring prior to the fix change and whether any … perceived manipulation has since been reduced. Our results suggest that the changes to the price fixing process have impacted …