What is it about?
This paper deals with the impact of the call-auction session introduced in India in the opening session. Findings show that there is no significant improvement in the market quality at the open after the introduction of the call-auction session.
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Why is it important?
The findings of the study are important from a regulatory point of view, call-auction was intended to improve the price discovery at the open.
Perspectives
We hope findings of the paper will be helpful for the market regulator.
Dr Rajesh H ACHARYA
National Institute of Technology Karnataka
Read the Original
This page is a summary of: Pre-open call auction and price discovery: Evidence from India, Cogent Economics & Finance, August 2014, Taylor & Francis,
DOI: 10.1080/23322039.2014.944668.
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