Discretionary trader

Bid-Ask Spread Patterns and the Optimal Timing for Discretionary Liquidity Traders on Xetra
This paper explores the statistical and economical significance of intraday and -week patterns in bid-ask spreads.
PDF Cite DOI SCHMALENBACH BUSINESS REVIEW
Bid-Ask Spread Patterns and the Optimal Timing for Discretionary Liquidity Traders on Xetra