Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/38895
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dc.contributor.authorMenkhoff, Lukasen_US
dc.contributor.authorOsler, Carol Leeen_US
dc.contributor.authorSchmeling, Maiken_US
dc.date.accessioned2010-06-03en_US
dc.date.accessioned2010-08-18T11:17:58Z-
dc.date.available2010-08-18T11:17:58Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/38895-
dc.description.abstractThis paper provides evidence that informed traders dominate the response of limit-order submissions to shocks in a pure limit-order market. In the market we study, informed traders are highly sensitive to spreads, volatility, momentum and depth. By contrast, uninformed traders are relatively insensitive to all these market conditions. The dominance of the informed over limit-order submissions is magnified by contrasts between them and the uninformed in the use of aggressively-priced limit orders.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working paper Monetary Policy and International Finance |x3054en_US
dc.subject.jelG20en_US
dc.subject.ddc330en_US
dc.subject.keywordlimit-order marketen_US
dc.subject.keywordorder submissionen_US
dc.subject.keywordinformed tradersen_US
dc.subject.keywordmarket conditionsen_US
dc.subject.stwWertpapierhandelen_US
dc.subject.stwBörsenkursen_US
dc.subject.stwAnlageverhaltenen_US
dc.subject.stwAsymmetrische Informationen_US
dc.subject.stwSchocken_US
dc.subject.stwTheorieen_US
dc.titleLimit-Order Submission Strategies under Asymmetric Informationen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn627337295en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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