IS THERE AN OPTIMAL CLOSING PRICE MECHANISM?
Concerns regarding the prevalence of manipulation of closing prices have prompted substantial changes to the mechanisms used to close trading at stock exchanges around the world. Nicholas Cordi USYD, CIFR / CMCRC Honours Scholarship Program 2014 Sean Foley USYD Keywords: Close price, Random Auction Ending, Manipulation Closing prices are important for, among others, benchmarking