Order Exposure and Liquidity Coordination: Does Hidden Liquidity Harm Price Efficiency?

Authors:

Gökhan Cebirogly (University of Vienna)
Nikolaus Hautsch (University of Vienna)
Ulrich Horst (HU Berlin)

Published 2020 in:

Market Microstructure and Liquidity, forthcoming

Order Exposure and Liquidity Coordination: Does Hidden Liquidity Harm Price Efficiency?