Abstract
Abstract The article surveys theoretical and empirical work on the transparency of the securities trading process, distinguishing broadly between pretrade transparency (the display of quotes for prospective trades) and posttrade transparency (the publication of information regarding completed transactions). The impact of transparency on market liquidity, informational efficiency, and trading volume is reviewed, as well as the resulting gains and losses to different market participants.
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.
