2023
DOI: 10.1016/j.jbankfin.2021.106362
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COVID-19 and market structure dynamics

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Cited by 5 publications
(7 citation statements)
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“…By contrast, our study examines the impact of the NYSE floor closure on liquidity, price efficiency, and informed trading during the entire trading day. Cox and Woods (2021) show that the closure of the NYSE trading floor is associated with a smaller increase in the quoted spread for the NYSE stocks than the Nasdaq stocks. To the extent that the increase in the quoted spread for the Nasdaq stocks reflects a market-wide change in liquidity, Cox and Woods's results suggest that the closure of the NYSE trading floor decreased the quoted spread (i.e., increased liquidity) for the NYSE stocks.…”
Section: Discussion Of Key Findings In Relation To Prior Researchmentioning
confidence: 88%
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“…By contrast, our study examines the impact of the NYSE floor closure on liquidity, price efficiency, and informed trading during the entire trading day. Cox and Woods (2021) show that the closure of the NYSE trading floor is associated with a smaller increase in the quoted spread for the NYSE stocks than the Nasdaq stocks. To the extent that the increase in the quoted spread for the Nasdaq stocks reflects a market-wide change in liquidity, Cox and Woods's results suggest that the closure of the NYSE trading floor decreased the quoted spread (i.e., increased liquidity) for the NYSE stocks.…”
Section: Discussion Of Key Findings In Relation To Prior Researchmentioning
confidence: 88%
“… Chakrabarty and Pascual (2022) study the role of algorithmic traders in liquidity provision during the pandemic. Cox and Woods (2021) analyze the impacts of the pandemic on market fragmentation, algorithmic trading, and hidden liquidity. By contrast, we explore whether the effects of the pandemic on liquidity, price efficiency, and informed trading differ between the NYSE and Nasdaq stocks.…”
Section: Discussion Of Key Findings In Relation To Prior Researchmentioning
confidence: 99%
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“…Pedagang memilih untuk mengurangi kualitas barang dagangannya daripada menaikkan harga jual barang dagangannya. Hal ini dilakukan untuk menghindari kehilangan konsumen [41,42].…”
Section: Kualitas Barang Daganganunclassified