I consider limit order book events that are likely to contribute to price discovery in the foreign exchange market, specifically, limit orders and transactions (market orders). The variance decomposition shows that improving orders and worsening cancels, both limit order events, substantially...

As inflation spreads across a wide range of sectors, it seems quite difficult to mitigate the current inflationary pressure. Accordingly, Bank of Korea is expected to respond more strongly to inflation, leading to growing interest in the impacts on the stock market. Against this backdrop, this...

Current financial order books and subsequent Electronic Communications Network trades require investors to submit orders to centralized exchanges which allow buyers and sellers to meet at market asset prices. This creates an unnecessary trusted third party between investors which then reports...