Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/38895 
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dc.contributor.authorMenkhoff, Lukasen
dc.contributor.authorOsler, Carol Leeen
dc.contributor.authorSchmeling, Maiken
dc.date.accessioned2010-06-03-
dc.date.accessioned2010-08-18T11:17:58Z-
dc.date.available2010-08-18T11:17:58Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3054en
dc.subject.jelG20en
dc.subject.ddc330en
dc.subject.keywordlimit-order marketen
dc.subject.keywordorder submissionen
dc.subject.keywordinformed tradersen
dc.subject.keywordmarket conditionsen
dc.subject.stwWertpapierhandelen
dc.subject.stwBörsenkursen
dc.subject.stwAnlageverhaltenen
dc.subject.stwAsymmetrische Informationen
dc.subject.stwSchocken
dc.subject.stwTheorieen
dc.titleLimit-Order Submission Strategies under Asymmetric Information-
dc.typeWorking Paperen
dc.identifier.ppn627337295en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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