• Sunshine Trading: Flashes of Trading Intent at the Nasdaq 

      Skjeltorp, Johannes A.; Sojli, Elvira; Tham, Wing Wah (Working Papers;17/2011, Working paper, 2011)
      We use the introduction and the subsequent removal of the flash order facility (an actionable indication of interest, IOI) from Nasdaq as a natural experiment to investigate the impact of voluntary disclosure of trading ...