Admati, A.R. ; Pfleiderer, P. A theory of intraday patterns: volume and price variability. 1988 Rev. Financ. Stud.. 1 3-40
Aitken, M. ; Berkman, H. ; Mak, D. The use of undisclosed limit orders on the Australian Stock Exchange. 2001 J. Bank. Finance. 25 1589-1603
Anand, A. ; Weaver, D.G. Can order exposure be mandated?. 2004 J. Financ. Mark.. 7 405-426
- Barardehi, Y.H., Bernhardt, D., Da, Z. and Warachka, M., 2021. Internalized retail order imbalances and institutional liquidity demand. Available at SSRN 3966059.
Paper not yet in RePEc: Add citation now
Battalio, R. ; Greene, J. ; Jennings, R. Do competing specialists and preferencing dealers affect market quality?. 1997 Rev. Financ. Stud.. 10 969-993
- Belter, K., 2007. Supply and information content of order book depth: the case of displayed and hidden depth. Aarhus University working paper.
Paper not yet in RePEc: Add citation now
Bessembinder, H. ; Panayides, M. ; Venkataraman, K. Hidden liquidity: an analysis of order exposure strategies in electronic stock markets. 2009 J. Financ. Econ.. 94 361-383
Bloomfield, R. ; O'Hara, M. ; Saar, G. Hidden liquidity: some new light on dark trading. 2015 J. Finance. 70 2227-2274
Boehmer, E. ; Jones, C.M. ; Zhang, X. ; Zhang, X. Tracking retail investor activity. 2021 J. Finance. 76 2249-2305
Boehmer, E. ; Kelley, E.K. Institutional investors and the informational efficiency of prices. 2009 Rev. Financ. Stud.. 22 3563-3594
- Boehmer, E. ; Saar, G. ; Yu, L. Lifting the veil: an analysis of pre-trade transparency at the NYSE. 2005 J. Finance. 60 783-815
Paper not yet in RePEc: Add citation now
Boehmer, E. ; Wu, J. Short selling and the price discovery process. 2013 Rev. Financ. Stud.. 26 287-322
Boulatov, A. ; George, T. Hidden and displayed liquidity in securities markets with informed liquidity providers. 2013 Rev. Financ. Stud.. 26 2096-2137
Buti, S. ; Rindi, B. Undisclosed orders and optimal submission strategies in a limit order market. 2013 J. Financ. Econ.. 109 797-812
- Cebiroğlu, G. ; Hautsch, N. ; Horst, U. Order exposure and liquidity coordination: does hidden liquidity harm price efficiency?. 2019 Mark. Microstruct. Liquid.. 5 -
Paper not yet in RePEc: Add citation now
- CFA, 2012, Dark pools, internalizations, and equity market quality.
Paper not yet in RePEc: Add citation now
- Chakrabarty, B., Hendershott, T., Nawn, S. and Pascual, R., 2017, Order exposure in high frequency markets, St. Louis University working paper.
Paper not yet in RePEc: Add citation now
Chung, K.H. ; Chuwonganant, C. Regulation NMS and market quality. 2012 Financ. Manage.. 41 285-317
Comerton-Forde, C. ; Putninš, T. Dark trading and price discovery. 2015 J. Financ. Econ.. 118 70-92
De Winne, R. ; D'hondt, C Hide-and-seek in the market: placing and detecting hidden orders. 2007 Rev. Financ.. 11 663-692
Degryse, H. ; Karagiannis, N. ; Tombeur, G. ; Wuyts, G. Two shades of opacity: hidden orders and dark trading. 2021 J. Financ. Intermed.. -
Easley, D. ; Kiefer, N. ; O'Hara, M. ; Paperman, J. Liquidity, information, and infrequently traded stocks. 1996 J. Finance. 51 1405-1436
- Edwards, A.K., Hughes, P., Ritter, J., Vegella, P., and H. Zhang, 2021, The effect of hidden liqudity: evidence from an exogenous shock, SEC working paper.
Paper not yet in RePEc: Add citation now
Fama, E. ; MacBeth, J. Risk, return, and equilibrium: empirical tests. 1973 J. Polit. Econ.. 81 607-636
- Farley, R., Kelley, E. and Puckett, A., 2018. Dark trading volume and market quality: a natural experiment. The University of Tennessee working paper.
Paper not yet in RePEc: Add citation now
Farrell, M. ; Green, T.C. ; Jame, R. ; Markov, S. The democratization of investment research and the informativeness of retail investor trading. 2022 J. Financ. Econ.. 145 616-641
Foley, S. ; Putniņš, T.J. Should we be afraid of the dark? Dark trading and market quality. 2016 J. Financ. Econ.. 122 456-481
Frey, S. ; Sandås, P. The impact of iceberg orders in limit order books. 2009 En : AFA 2009 San Francisco Meetings Paper. :
Glosten, L. ; Milgrom, P. Bid, ask and transaction prices in a specialist market with heterogeneously informed traders. 1985 J. Financ. Econ.. 14 71-100
- Godek, P.E. Why Nasdaq market makers avoid odd-eighth quotes. 1996 J. Financ. Econ.. 41 465-474
Paper not yet in RePEc: Add citation now
Hansch, O. ; Naik, N. ; Viswanathan, S. Preferencing, internalization, best execution, and dealer profits. 1999 J. Finance. 54 1799-1828
Harris, L.E. ; Panchapagesan, V. The information content of the limit order book: evidence from NYSE specialist trading decisions. 2005 J. Financ. Mark.. 8 25-67
Hasbrouck, J. Assessing the quality of a security market: a new approach to transaction-cost measurement. 1993 Rev. Financ. Stud.. 6 191-212
Hatheway, F. ; Kwan, A. ; Zheng, H. An empirical analysis of market segmentation on US equity markets. 2017 J. Financ. Quant. Anal.. 52 2399-2427
Hendershott, T. ; Jones, C.M. Island goes dark: transparency, fragmentation, and regulation. 2005 Rev. Financ. Stud.. 18 743-793
Hou, K. ; Moskowitz, T. Market frictions, price delay, and the cross-section of expected returns. 2005 Rev. Financ. Stud.. 18 981-1020
- Huang, R.D. ; Stoll, H.R. Dealer versus auction markets: a paired comparison of execution costs on NASDAQ and the NYSE. 1996 J. Financ. Econ.. 41 313-357
Paper not yet in RePEc: Add citation now
- IOSCO, 2001, Transparency and fragmentation, report from the technical committee of the International Organization of Security Commissions.
Paper not yet in RePEc: Add citation now
- Jiang, C.X., McInish, T.H. and Upson, J., 2012. Market fragmentation and information quality: the role of TRF trades. The University of Memphis working paper.
Paper not yet in RePEc: Add citation now
- Jones, C., 2018, Understanding the market for US equity market data, Columbia University working paper.
Paper not yet in RePEc: Add citation now
Kwan, A. ; Masulis, R. ; McInish, T.H. Trading rules, competition for order flow and market fragmentation. 2015 J. Financ. Econ.. 115 330-348
Menkveld, A.J. ; Yueshen, B.Z. ; Zhu, H. Shades of darkness: a pecking order of trading venues. 2017 J. Financ. Econ.. 124 503-534
Moinas, S., 2010. Hidden limit orders and liquidity in order driven markets. TSE working paper.
- Monnet, C. ; Quintin, E. Rational opacity. 2017 Rev. Financ. Stud.. 30 4317-4348
Paper not yet in RePEc: Add citation now
Newey, W.K. ; West, K.D. A simple, positive semi-definite, heteroskedasticity and autocorrelation consistent covariance matrix. 1987 Econometrica. 55 703-708
O'Hara, M. ; Ye, M. Is market fragmentation harming market quality?. 2011 J. Financ. Econ.. 100 459-474
Shkilko, A. ; Van Ness, B. ; Van Ness, R. Short selling and intraday price pressures. 2012 Financ. Manage.. 41 345-370
- Tuttle, L. Hidden orders, Trading Costs and Information. 2003 University of Kansas:
Paper not yet in RePEc: Add citation now
- Upson, James and Chakrabarty, Bidisha and Cox, Justin, The information content of retail order flow: evidence from fragmented markets (September 29, 2022). Available at SSRN: https://ssrn.com/abstract=4168354 or http://doi.org/10.2139/ssrn.4168354.
Paper not yet in RePEc: Add citation now
- Wigglesworth, R. ; Bullock, N. SEC Votes to Improve Oversight of Dark Pools. 2018 Financial Times:
Paper not yet in RePEc: Add citation now
- Ye, M., 2012. Price manipulation, price discovery and transaction costs in the crossing network. The University of Illinois at Urbana-Champaign working paper.
Paper not yet in RePEc: Add citation now
Zhu, H. Do dark pools harm price discovery?. 2014 Rev. Financ. Stud.. 27 747-789