Skjeltorp, Johannes A.; Sojli, Elvira; Tham, Wing Wah - Tinbergen Instituut - 2012
Forthcoming in the 'Journal of Financial and Quantitative Analysis'.<P> We use the introduction and the subsequent removal of the flash order facility (an actionable indication of interest, IOI) from the NASDAQ as a natural experiment to investigatethe impact of voluntary disclosure of trading...</p>