Asynchronous Simulations of a Limit Order Book - Gilles Daniel
Asynchronous Simulations of a Limit Order Book - Gilles Daniel
Asynchronous Simulations of a Limit Order Book - Gilles Daniel
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Conclusion on EMH setup<br />
When the fundamental value is common<br />
knowledge, the EMH holds (the market<br />
price prices converges toward its f.v.),<br />
but uninformed traders are not<br />
necessarily driven out <strong>of</strong> the market by<br />
arbitrageurs.<br />
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