برچسب: Hamao
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Hamao And Hasbrouck-Securities Trading In The Absence Of Dealers – Trades, And Quotes On The Tokyo
This paper investigates the behavior of intraday trades and quotes for individual stocks on the Tokyo Stock Exchange (TSE). The TSE has no designated market makers and is further distinguished by daily and intraday price limits and conversion to limit orders of market order portions that exceed the size of the current quote. We examine […]