Who Benefits from an Open Limit-Order Book?

132 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Island Goes Dark: Transparency, Fragmentation, and Regulation (2005, background): “In contrast, Baruch (2004) develops a model where liquidity is supplied by smart limit order traders and a specialist.”
Dark Trading and Price Discovery (2015, background): “In Baruch’s (2005) model, making the limit order book transparent increases the ability of market participants to compete with the specialist in liquidity provision.”
Hidden and Displayed Liquidity in Securities Markets with Informed Liquidity Providers (2013, background): “Transparency of the order book is examined by Madhavan, Porter and Weaver (1999) and Baruch (2005).”
Trading on local energy markets: A comparison of market designs and bidding strategies (2017, unknown): “Open order books [21] are also feasible.”