The effect of different market opening structures on market quality – experimental evidence

Hinterleitner, G. | Hornung, P. | Leopold-Wildburger, U. | Mestel, R. | Palan, S.

2012

Extended abstract of a paper studying the impact of market opening structure (transparent/intransparent call auction followed by a continuous double auction, or stand-alone continuous double auction) on market efficiency in a market with homogenously informed traders.

Working paper