Determinants of Price Quote Revisions on the London Stock Exchange

This paper investigates the determinants of price quote revisions on the London Stock Exchange for a sample of highly liquid stocks over a two-week settlement period in September 1990. In our theoretical model the level of optimal price quotes set by market makers are a function of the expected fund...

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Veröffentlicht in:	The Economic journal (London) 1995-01, Vol.105 (428), p.77-94
Hauptverfasser:	Snell, Andy, Tonks, Ian
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic models Economic theory Economics Empirical evidence Half lives Information asymmetry Inventories Inventory control Liquidity Market prices Price quotations Prices Revisions Securities markets Stock exchange Stock exchanges Stock prices Studies Trade United Kingdom
Online-Zugang:	Volltext
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