Many researchers have conducted experiments to study different aspects of insider trading.
Experimental laboratory asset markets allow the researcher to control parameters that are …

We investigate the effects of an increase in tick size on order and trading flow across market
fee models. Using the pilot firms in the US Securities and Exchange Commission's Tick Size …

We study the order exposure choice of various trader types in high-speed markets. Using
message-level data to identify algorithmic (ATs) and non-algorithmic traders (NATs) we …

Exchanges implement intentional trade delays to limit the harmful impact of low-latency
trading. Do such “speed bumps” curb investment in fast trading technology? Data are scarce …

Modern capital markets are subject to many interventions and regulations, some of which
curtail the implementation of specific trading strategies in a market. While we understand …

We analyze the relation between transaction costs and venue choice using proprietary
transaction-level data from institutional trade executions in the UK equity market. We show …

Regulators are concerned that large volumes of trading outside lit venues (ie, dark trading)
harms the functioning of financial markets. In contrast, regulators are neutral about hidden …

Regulators are concerned that large volumes of trading outside lit venues (ie, dark trading)
harms the functioning of financial markets. In contrast, regulators are neutral about hidden …

This paper analyzes the NYSE Chicago's move to the Pillar integrated trading platform in
November 2019. Following the move to Pillar, reported trading volume increases …

We use a laboratory experiment to explore the effect of a change in pre-trade anonymity in a
quote-driven dealer-to-customer market, organised as a request for quote (RFQ). We …