Winners and losers from the introduction of continuous variable price trading : Evidence from the Riga Stock Exchange

@inproceedings{Kairys2000WinnersAL,
  title={Winners and losers from the introduction of continuous variable price trading : Evidence from the Riga Stock Exchange},
  author={Joseph P. Kairys and Raimonds Kruza and Ritvars Kumpins},
  year={2000}
}
  • Joseph P. Kairys, Raimonds Kruza, Ritvars Kumpins
  • Published 2000
This paper examines the impact from changing the trading mechanism at the Riga Stock Exchange (RSE). All three trading lists that once traded in a daily call auction followed by ®xed price trading were transferred to a mechanism where the call auction is followed by continuous variable price trading sessions. We ®nd that for stocks with high liquidity before the transfer, trading volumes more than doubled, while for stocks with low liquidity before the transfer, trading volumes fell to less… CONTINUE READING