Liquidity costs in emerging corn futures markets

Liquidity costs in emerging corn futures markets

Objective: The present study estimates the liquidity cost of the corn future contract traded on B3 (formerly BM&FBovespa) and compare it to the CME corn future contract, through five implicit bid-ask spread measures. Originality/value: The market microstructure approach, with its focus on high...

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Bibliographic Details
Main Authors: Julyerme Matheus Tonin, Geraldo Costa Junior, João Gomes Martines Filho
Format: Article
Language:Spanish
Published: Universidade Presbiteriana Mackenzie 2017-12-01
Series:RAM. Revista de Administração Mackenzie
Subjects:
high frequency data
bid-ask spread
futures market
corn market
commodities
Online Access:http://ref.scielo.org/x667gw

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http://ref.scielo.org/x667gw

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