market liquidity and trading of other market participants. IDT contribute 10% to volume while losing 3.2 bp (73% of the half …-spread) on average on trades with others, including proprietary day traders (PDT), the primary intraday-liquidity providers, and … show that IDT activity reduces bid ask spread and increases intra-day volatility and total volume traded. The volume traded …

from the Bank of France, intermediated by the largest banks, prevented a closure of the Bourse …

particular to different financial measures of their liquidity. We find that more liquid stocks based on financial characteristics …

overshooting and a reduced liquidation value for the distressed trader. Hence, the market is illiquid when liquidity is most needed …

investors who know more about the stock than they do. An important assumption in this literature is that there are *liquidity … clustering at that time. This asymmetry means that when liquidity buyers are not clustering, purchases are more likely to be by …

schedules as an exercise in asset pricing theory with the possible sizes of incoming market orders as the value-relevant states …