Journal of Financial Economics · 2014 · 270 citations · 38 references
Social SciencesEconomicsFinanceFinancial EconomicsFinancial MarketsMicroeconomicsMarket MicrostructureTrading MechanismsTrading StrategiesEquilibriumLimit Order MarketsLimit Order TradingMarket OrdersNews ArrivalOrder Flow DynamicsOrder Flow EffectsTrade Gains
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Information Effects on the Bid‐Ask Spread
Thomas E. Copeland, Dan Galai · The Journal of Finance · 1983 · 1.8K citations
Social Sciences, Economics, Finance +17
High-Frequency Trading and Price Discovery
Jonathan Brogaard, Terrence Hendershott, Ryan Riordan · Review of Financial Studies · 2014 · 1.2K citations · Full text
Joel Hasbrouck, Gideon Saar · Journal of Financial Markets · 2013 · 837 citations
High frequency trading and the new market makers
Albert J. Menkveld · Journal of Financial Markets · 2013 · 760 citations · Full text