Transparency and Liquidity: A Study of Block Trades on the London Stock Exchange under Different Publication Rules
- 1 December 1996
- journal article
- Published by JSTOR in The Journal of Finance
- Vol. 51 (5) , 1765-1790
- https://doi.org/10.2307/2329537
Abstract
This article examines whether reducing a market's transparency, by delaying the publication of prices for block trades, has any impact on liquidity. The analysis uses a sample of 5987 blocks from the...Keywords
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