Huang, Yu Chuan; Chan, Shu Hui - In: Emerging Markets Finance and Trade 46 (2010) 4, pp. 105-125
On July 1, 2002, the Taiwan Stock Exchange changed its closing price procedure to a five-minute call auction. This paper examines different types of trader behavior at the close before and after institution of the new mechanism. The results show that, since the new mechanism was introduced,...
