Abstract
Information disclosure prior to opening is implemented by Indonesian stock exchange for improving the pre-market information closure transparency. Based on the policy, information related to the bid/ask volume, five best bid/ask prices, trading volume, and transaction price is disclosed. In this study, investigation is made about the influence of pre-market information on the market quality measures including volatility, liquidity, and trading volume. Intraday day data is collected within the opening of first five minutes or one minute in selected months. Results of the study indicate that pre-market information disclosure transparency is influencing the market quality measures significantly.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
