{"id":"https://openalex.org/W1592590887","doi":"https://doi.org/10.1023/a:1008369114062","title":"The Impact of the Reduction in Tick Increments in Major U.S. Markets on Spreads, Depth, and Volatility","display_name":"The Impact of the Reduction in Tick Increments in Major U.S. Markets on Spreads, Depth, and Volatility","publication_year":2000,"publication_date":"2000-08-01","ids":{"openalex":"https://openalex.org/W1592590887","doi":"https://doi.org/10.1023/a:1008369114062","mag":"1592590887"},"language":"en","primary_location":{"id":"doi:10.1023/a:1008369114062","doi":"https://doi.org/10.1023/a:1008369114062","is_oa":false,"landing_page_url":"https://doi.org/10.1023/a:1008369114062","pdf_url":null,"source":{"id":"https://openalex.org/S62110574","display_name":"Review of Quantitative Finance and Accounting","issn_l":"0924-865X","issn":["0924-865X","1573-7179"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Quantitative Finance and Accounting","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5052423325","display_name":"Bonnie F. Van Ness","orcid":"https://orcid.org/0000-0001-8239-7205","observed_orcids":["https://orcid.org/0000-0001-8239-7205"]},"institutions":[{"id":"https://openalex.org/I189590672","display_name":"Kansas State University","ror":"https://ror.org/05p1j8758","country_code":"US","type":"education","lineage":["https://openalex.org/I189590672"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Bonnie F. Van Ness","raw_affiliation_strings":["Kansas State University, USA","Kansas State Univ. (USA)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Kansas State University, USA","institution_ids":["https://openalex.org/I189590672"]},{"raw_affiliation_string":"Kansas State Univ. (USA)","institution_ids":["https://openalex.org/I189590672"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5090458533","display_name":"Robert A. Van Ness","orcid":"https://orcid.org/0000-0002-8023-6421","observed_orcids":["https://orcid.org/0000-0002-8023-6421"]},"institutions":[{"id":"https://openalex.org/I189590672","display_name":"Kansas State University","ror":"https://ror.org/05p1j8758","country_code":"US","type":"education","lineage":["https://openalex.org/I189590672"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Robert A. Van Ness","raw_affiliation_strings":["Kansas State University, 117 D Calvin Hall, Manhattan, KS, 66506","Kansas State University, Manhattan,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Kansas State University, 117 D Calvin Hall, Manhattan, KS, 66506","institution_ids":["https://openalex.org/I189590672"]},{"raw_affiliation_string":"Kansas State University, Manhattan,","institution_ids":["https://openalex.org/I189590672"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5046730865","display_name":"Stephen W. Pruitt","orcid":"https://orcid.org/0000-0001-6059-1613","observed_orcids":["https://orcid.org/0000-0001-6059-1613"]},"institutions":[{"id":"https://openalex.org/I75421653","display_name":"University of Missouri\u2013Kansas City","ror":"https://ror.org/01w0d5g70","country_code":"US","type":"education","lineage":["https://openalex.org/I75421653"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Stephen W. Pruitt","raw_affiliation_strings":["University of Missouri, Kansas City","University of Missouri - Kansas City#TAB#"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Missouri, Kansas City","institution_ids":["https://openalex.org/I75421653"]},{"raw_affiliation_string":"University of Missouri - Kansas City#TAB#","institution_ids":["https://openalex.org/I75421653"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3190,"currency":"USD","value_usd":3190},"apc_paid":null,"fwci":4.9373,"has_fulltext":false,"cited_by_count":60,"citation_normalized_percentile":{"value":0.95041937,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"15","issue":"2","first_page":"153","last_page":"167"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/tick-size-reduction","display_name":"tick size reduction","score":0.875},{"id":"https://openalex.org/keywords/bid-ask-spread","display_name":"bid-ask spread","score":0.6729999780654907},{"id":"https://openalex.org/keywords/effective-spread","display_name":"effective spread","score":0.9649999737739563},{"id":"https://openalex.org/keywords/quoted-depth","display_name":"quoted depth","score":0.75},{"id":"https://openalex.org/keywords/trading-volume","display_name":"trading volume","score":0.7239999771118164},{"id":"https://openalex.org/keywords/market-liquidity","display_name":"market liquidity","score":0.7409999966621399},{"id":"https://openalex.org/keywords/stock-market-microstructure","display_name":"stock market microstructure","score":0.5809999704360962},{"id":"https://openalex.org/keywords/nasdaq","display_name":"NASDAQ","score":0.6290000081062317},{"id":"https://openalex.org/keywords/new-york-stock-exchange","display_name":"New York Stock Exchange","score":0.781000018119812},{"id":"https://openalex.org/keywords/amex","display_name":"AMEX","score":0.9919999837875366},{"id":"https://openalex.org/keywords/price-volatility","display_name":"price volatility","score":0.5070000290870667}],"concepts":[{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.6890044808387756},{"id":"https://openalex.org/C76281924","wikidata":"https://www.wikidata.org/wiki/Q1499526","display_name":"Bid price","level":2,"score":0.5122546553611755},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.48219338059425354},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4530751705169678},{"id":"https://openalex.org/C109168655","wikidata":"https://www.wikidata.org/wiki/Q242988","display_name":"Liberian dollar","level":2,"score":0.44650697708129883},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4463731050491333},{"id":"https://openalex.org/C80515813","wikidata":"https://www.wikidata.org/wiki/Q1134763","display_name":"Corporate finance","level":2,"score":0.4209747314453125},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.37774285674095154},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.367317259311676},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.16767427325248718}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1023/a:1008369114062","doi":"https://doi.org/10.1023/a:1008369114062","is_oa":false,"landing_page_url":"https://doi.org/10.1023/a:1008369114062","pdf_url":null,"source":{"id":"https://openalex.org/S62110574","display_name":"Review of Quantitative Finance and Accounting","issn_l":"0924-865X","issn":["0924-865X","1573-7179"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Quantitative Finance and Accounting","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/17","score":0.4699999988079071,"display_name":"Partnerships for the goals"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":20,"referenced_works":["https://openalex.org/W92645436","https://openalex.org/W191052098","https://openalex.org/W1513998315","https://openalex.org/W1528554981","https://openalex.org/W1964211014","https://openalex.org/W1965511477","https://openalex.org/W1970861212","https://openalex.org/W1983844149","https://openalex.org/W2017720825","https://openalex.org/W2049473789","https://openalex.org/W2104872410","https://openalex.org/W2111960589","https://openalex.org/W2116025521","https://openalex.org/W2131187707","https://openalex.org/W2140219856","https://openalex.org/W3121401102","https://openalex.org/W3121557532","https://openalex.org/W3122277513","https://openalex.org/W3122729992","https://openalex.org/W3124643930"],"related_works":["https://openalex.org/W3124764945","https://openalex.org/W2188768747","https://openalex.org/W3125794973","https://openalex.org/W2089117187","https://openalex.org/W3123101946","https://openalex.org/W3124643930","https://openalex.org/W1999528776","https://openalex.org/W7018493689","https://openalex.org/W3125755011","https://openalex.org/W2140219856"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":7},{"year":2017,"cited_by_count":5},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":5},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":2}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}