Short-Sale Restrictions and Price Clustering: Evidence from SEC Rule 201
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DOI: 10.1007/s10693-017-0272-7
Abstract: We provide a novel test of information-based theories of price clustering by examining trade, order, and the National Best Bid and Offer (NBBO) quote price clustering during periods when information is removed from the market.… read more here.
Keywords: short sale; price clustering; price; sec rule ... See more keywords