09-046/3 - Are Market Makers Uninformed and Passive? Signing Trades in The Absence of Quotes

• Authors
  Michel van der Wel, Erasmus University Rotterdam, CREATES, ERIM; Albert Menkveld, VU University Amsterdam; Asani Sarkar, Federal Reserve Bank of New York
• Publication date
  May 25, 2009

• Keywords
  market microstructure, signing trades, market makers, treasury futures, discount rate
• JEL
  C22, G14, E44