High-frequency trading (HFT) has grown substantially in recent years due to fast-paced
technological developments and their rapid uptake, particularly in equity markets. This …

The paper examines a game-theoretic evolutionary model of an asset market with
endogenous equilibrium asset prices. Assets pay dividends that are partially consumed and …

We study multiple-unit, laboratory experimental call markets in which orders are cleared by a
single price at a scheduled “call.” The markets are independent trading “days” with two calls …

To facilitate price discovery, Euronext Paris has always relied on a transparent pre-opening
phase and on a call auction to open continuous markets. Fast trading, competition from …

Purpose–The purpose of this paper is to present and empirically test for the first time the
hypothesis that herding in a market increases following the market's merger in an exchange …

The methods of integrity authentication for vector graphics were described at fist, then digital
watermarking for vector graphics was introduced. For vector graphics composed by linear …

This paper deals with the market structure at the opening of the trading day and its influence
on subsequent trading. We compare a single continuous double auction and two …

The Indian financial system has been revolutionised by the application of a new market
design: continuous trading with an anonymous limit order book at NSE and BSE. However …