The impact of microstructure innovations in emerging stock makets: evidence from Mumbai, India

We examine the impact on the Mumbai Stock Exchange of the introduction of screen-based trading (the “BOLT”) on 14 March 1995. We use event study methods to investigate if this reform had positive value using two samples of more liquid and less liquid stocks. We find that the impact was substantial:...

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Bibliographic Details

Main Authors:	Christopher Green, Ronny Manos, Victor Murinde, Joy Suppakitjarak
Format:	Default Preprint
Published:	2003
Subjects:	Other economics not elsewhere classified Market microstructure Mumbai stock exchange Economics not elsewhere classified
Online Access:	https://hdl.handle.net/2134/348
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