Huang, Yu Chuan; Chan, Shu Hui - In: Review of Pacific Basin Financial Markets and Policies … 17 (2014) 04, pp. 1450026-1
On 1 July, 2002, the Taiwan Stock Exchange changed its closing mechanism to a five-minute call auction to limit market … manipulation at day's end and enhance the fairness of the closing price. This paper examines the effect of the new closing … mechanism on the behavior of attention securities and analyzes the role of each trader type in attention securities' behavior …
