The sensitivity of trading to the cost of information
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DOI: 10.1002/fut.22152
Abstract: This study examines the impact of changes in data feed pricing schedules on the price discovery between competing venues, as espoused by Cespa & Foucault (2014). We utilize three exogenous events stemming from a staggered… read more here.
Keywords: sensitivity trading; price discovery; price; cost information ... See more keywords