<section xml:id="fut21603-sec-0001"> We investigate the effects from the introduction of a closing call auction (CCA) at the index futures market. Limit order book models, where trader patience determines trading strategies, predict that a CCA increases trader patience and, hence, improves closing price accuracy and end‐of‐day...</section>

The regulatory debate concerning high-frequency trading (HFT) emphasizes the importance of distinguishing different HFT strategies and their influence on market quality. Using data from NASDAQ-OMX Stockholm, we compare market-making HFTs to opportunistic HFTs. We find that market makers...

We consider the effects of quantitative easing on the liquidity of the Swedish government bonds. To capture multiple dimensions of liquidity we use several measures built on a unique and highly granular transaction-based dataset. We find that the Riksbank's purchases of government bonds improved...

This paper examines whether corporation governance structure has influence on internal audit report lag (IARL). The study studies a sample of 1244 observations from Year 2008 to Year 2011, obtained from Shenzhen Stock Exchange in China. Regression analysis indicates that firms, with fewer...

We initially derived elevation changes of Geoscience Laser Altimeter System level-2 altimetry data of Lambert Glacier overlapping footprints during each mission from 2003 to 2008. Then, surface elevation changes during every two adjacent missions were interpolated using inverse distance...

A force-driving cellular automata model considering the social force on cell movement, such as the desirous willing of a pedestrian to exit, the repulsive interaction among pedestrians or between pedestrians and obstacles, was set up to investigate the evacuation behaviors of pedestrians at a...