Carole Comerton-Forde

University of Melbourne - Department of Finance

198 Berkeley Street

Carlton VIC 3010

Australia

Financial Research Network (FIRN)

C/- University of Queensland Business School

St Lucia, 4071 Brisbane

Queensland

Australia

http://www.firn.org.au

SCHOLARLY PAPERS

28

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CITATIONS
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115

Scholarly Papers (28)

1.

A Review of Stock Market Microstructure

Number of pages: 103 Posted: 02 May 2005
Carole Comerton-Forde and James Rydge
University of Melbourne - Department of Finance and University of Sydney - Discipline of Finance
Downloads 1,877 (5,794)

Abstract:

microstructure, trading rules

2.

Time Variation in Liquidity: The Role of Market Maker Inventories and Revenues

Journal of Finance, Forthcoming
Number of pages: 59 Posted: 31 Dec 2008
University of Melbourne - Department of Finance, University of California, Berkeley - Haas School of Business, Columbia Business School - Finance and Economics, Cornell University and Hong Kong University of Science & Technology (HKUST)
Downloads 1,528 (8,657)
Citation 31

Abstract:

Liquidity, Market-Makers

3.

Dark Trading and Price Discovery

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 54 Posted: 02 Dec 2012 Last Revised: 26 Jun 2015
Carole Comerton-Forde and Tālis J. Putniņš
University of Melbourne - Department of Finance and University of Technology Sydney - UTS Business School
Downloads 1,423 (6,211)
Citation 5

Abstract:

dark pool, price discovery, information share, efficiency

4.

Market Maker Revenues and Stock Market Liquidity

Number of pages: 40 Posted: 10 Sep 2007
Carole Comerton-Forde, Terrence Hendershott and Charles M. Jones
University of Melbourne - Department of Finance, University of California, Berkeley - Haas School of Business and Columbia Business School - Finance and Economics
Downloads 1,261 (11,538)
Citation 2

Abstract:

financing constraints, time-varying liquidity

5.

Measuring Closing Price Manipulation

Journal of Financial Intermediation, Forthcoming
Number of pages: 48 Posted: 23 Aug 2007 Last Revised: 28 Apr 2010
Carole Comerton-Forde and Tālis J. Putniņš
University of Melbourne - Department of Finance and University of Technology Sydney - UTS Business School
Downloads 804 (21,518)
Citation 8

Abstract:

manipulation, closing price, high-closing, index

6.

Investment Manager Skill in Small-Cap Equities

Number of pages: 35 Posted: 23 Aug 2005 Last Revised: 04 Sep 2008
Cong Chen, Carole Comerton-Forde, Terry S. Walter and David R. Gallagher
University of New South Wales, University of Melbourne - Department of Finance, University of Sydney and Capital Markets CRC Limited
Downloads 487 (43,687)
Citation 7

Abstract:

Small-cap equity funds, trading activity, performance

7.

Stock Price Manipulation: Prevalence and Determinants

Forthcoming, Review of Finance
Number of pages: 54 Posted: 21 Aug 2008 Last Revised: 11 Oct 2012
Carole Comerton-Forde and Tālis J. Putniņš
University of Melbourne - Department of Finance and University of Technology Sydney - UTS Business School
Downloads 482 (38,076)

Abstract:

manipulation, prosecution, closing price, high-closing, detection controlled estimation

8.
Downloads 442 ( 53,611)
Citation 8

Closing Call Auctions and Liquidity

Number of pages: 25 Posted: 09 Apr 2003
Michael J. Aitken, Alex Frino and Carole Comerton-Forde
Macquarie Graduate School of Management, The University of Sydney - Discipline of Finance and University of Melbourne - Department of Finance
Downloads 410 (58,186)
Citation 8

Abstract:

Closing call auctions, liquidity

Closing Call Auctions and Liquidity

Accounting and Finance, Vol. 45, No. 4, pp. 501-518, December 2005
Number of pages: 18 Posted: 03 Jan 2006
Alex Frino, Michael J. Aitken and Carole Comerton-Forde
The University of Sydney - Discipline of Finance, Macquarie Graduate School of Management and University of Melbourne - Department of Finance
Downloads 32 (404,320)
Citation 8
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Abstract:

Call auctions, Liquidity, Market microstructure

9.

Shorting at Close Range: A Tale of Two Types

Journal of Financial Economics (JFE), Forthcoming, AFA 2012 Chicago Meetings Paper, Columbia Business School Research Paper No. 12/22
Number of pages: 50 Posted: 21 Mar 2011 Last Revised: 26 Jun 2015
Carole Comerton-Forde, Charles M. Jones and Tālis J. Putniņš
University of Melbourne - Department of Finance, Columbia Business School - Finance and Economics and University of Technology Sydney - UTS Business School
Downloads 352 (52,034)
Citation 3

Abstract:

short selling, information content, market quality, high-frequency trading

10.
Downloads 268 ( 95,651)
Citation 3

How Broker Ability Affects Institutional Trading Costs

Number of pages: 27 Posted: 13 Aug 2003
Alex Frino, Carole Comerton-Forde, Christian Fernandez and Teddy Oetomo
The University of Sydney - Discipline of Finance, University of Melbourne - Department of Finance, The University of Sydney - Discipline of Finance and The University of Sydney - Discipline of Finance
Downloads 242 (105,951)
Citation 3

Abstract:

transaction costs, institutional trading

How Broker Ability Affects Institutional Trading Costs

Accounting and Finance, Vol. 45, No. 3, pp. 351-374, November 2005
Number of pages: 24 Posted: 26 Nov 2005
Carole Comerton-Forde, Alex Frino, Christian Fernandez and Teddy Oetomo
University of Melbourne - Department of Finance, The University of Sydney - Discipline of Finance, The University of Sydney - Discipline of Finance and The University of Sydney - Discipline of Finance
Downloads 26 (433,346)
Citation 3
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Abstract:

11.

Director Holdings, Shareholder Concentration and Illiquidity

Number of pages: 41 Posted: 04 May 2005
Carole Comerton-Forde and James Rydge
University of Melbourne - Department of Finance and University of Sydney - Discipline of Finance
Downloads 263 (84,724)
Citation 1

Abstract:

Ownership concentration, illiquidity, insiders, directors, retail investors

Transaction Costs and Institutional Trading in Small-Cap Equity Funds

Number of pages: 32 Posted: 25 Oct 2006
Carole Comerton-Forde, Terry S. Walter, Jumana Nahhas and David R. Gallagher
University of Melbourne - Department of Finance, University of Sydney, The University of Sydney and Capital Markets CRC Limited
Downloads 260 (98,202)
Citation 4

Abstract:

transaction costs, small-cap funds, price impact

Transaction Costs and Institutional Trading in Small-Cap Equity Funds

Australian Journal of Management, Vol. 35, No. 3, pp. 313-327, 2010
Posted: 02 Apr 2011
Carole Comerton-Forde, David R. Gallagher, Jumana Nahhas and Terry S. Walter
University of Melbourne - Department of Finance, Capital Markets CRC Limited, The University of Sydney and University of Sydney

Abstract:

price impact, small-cap funds, transaction costs

13.

Pricing Accuracy, Liquidity and Trader Behavior with Closing Price Manipulation

Experimental Economics, Forthcoming
Number of pages: 32 Posted: 10 Nov 2008 Last Revised: 12 Oct 2010
Carole Comerton-Forde and Tālis J. Putniņš
University of Melbourne - Department of Finance and University of Technology Sydney - UTS Business School
Downloads 240 (97,521)
Citation 1

Abstract:

manipulation, closing price, high-closing, experimental market

14.

Why Do Traders Choose to Trade Anonymously?

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 45 Posted: 28 Feb 2011
Carole Comerton-Forde, Tālis J. Putniņš and Kar Mei Tang
University of Melbourne - Department of Finance, University of Technology Sydney - UTS Business School and University of Sydney - Discipline of Finance
Downloads 226 (102,067)
Citation 2

Abstract:

Anonymity, execution cost, broker identity, strategic trading

15.

The Impact of Limit Order Anonymity on Liquidity: Evidence from Paris, Tokyo and Korea

Number of pages: 25 Posted: 02 May 2005
Carole Comerton-Forde, Alex Frino and Vito Mollica
University of Melbourne - Department of Finance, The University of Sydney - Discipline of Finance and Macquarie Graduate School of Management
Downloads 211 (114,527)
Citation 9

Abstract:

anonymity, transparency, limit orders

16.

An Empirical Analysis of Strategic Behaviour Models

Number of pages: 41 Posted: 03 Feb 2005
Carole Comerton-Forde, Michael A O'Brien and P. Joakim Westerholm
University of Melbourne - Department of Finance, Schroder Investment Management Limited and University of Sydney Business School
Downloads 179 (140,825)
Citation 1

Abstract:

Informed trading, liquidity trading, strategic behaviour, intraday patterns

17.

Time Variation in Liquidity: The Role of Market-Maker Inventories and Revenues

Journal of Finance, Vol. 65, No. 1, pp. 295-331, 2010
Number of pages: 59 Posted: 26 Oct 2011 Last Revised: 03 Dec 2012
University of Melbourne - Department of Finance, University of California, Berkeley - Haas School of Business, Columbia Business School - Finance and Economics, Cornell University and Hong Kong University of Science & Technology (HKUST)
Downloads 67 (262,978)
Citation 30

Abstract:

18.

Broker Recommendations and Australian Small-Cap Equity Fund Management

Number of pages: 29 Posted: 23 Jan 2010 Last Revised: 23 Apr 2010
Carole Comerton-Forde, David R. Gallagher, Joyce Lai and Terry S. Walter
University of Melbourne - Department of Finance, Capital Markets CRC Limited, University of New South Wales and University of Sydney
Downloads 46 (330,396)

Abstract:

19.

Do Reductions in Tick Sizes Influence Liquidity?

Accounting and Finance, Vol. 45, No. 2, pp. 171-184, July 2005
Number of pages: 14 Posted: 08 Jun 2005
Michael J. Aitken and Carole Comerton-Forde
Macquarie Graduate School of Management and University of Melbourne - Department of Finance
Downloads 26 (421,340)
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Abstract:

Price Clustering on the Tokyo Stock Exchange

The Financial Review, Vol. 42, No. 2, pp. 289-301, May 2007
Number of pages: 13 Posted: 04 Jun 2007
Aslı Aşçıoğlu, Carole Comerton-Forde and Thomas H. McInish
Bryant University, University of Melbourne - Department of Finance and University of Memphis - Fogelman College of Business and Economics
Downloads 17 (485,009)
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Abstract:

Price Clustering on the Tokyo Stock Exchange

The Financial Review, Vol. 42, No. 2, May 2007
Posted: 26 Apr 2007
Aslı Aşçıoğlu, Carole Comerton-Forde and Thomas H. McInish
Bryant University, University of Melbourne - Department of Finance and University of Memphis - Fogelman College of Business and Economics

Abstract:

Price clustering, depth clustering, limit order market, Tokyo Stock Exchange, anonymity

21.

Market Microstructure: A Review from Down Under

Accounting & Finance, Vol. 51, Issue 1, pp. 50-78, 2011
Number of pages: 29 Posted: 02 Mar 2011
Henk Berkman and Carole Comerton-Forde
University of Auckland - Business School and University of Melbourne - Department of Finance
Downloads 2 (544,625)
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Abstract:

Market microstructure, Transaction costs, Liquidity, Market design, Bidask spread

22.

Inverted Fee Venues and Market Quality

Number of pages: 48 Posted: 23 Mar 2017
Carole Comerton-Forde, Vincent Gregoire and Zhuo Zhong
University of Melbourne - Department of Finance, University of Melbourne - Department of Finance and University of Melbourne - Department of Finance
Downloads 0 (128,405)

Abstract:

exchange fees, inverted venues, dark trading

23.

Do You See What I See? Transparency and Bond Issuing Costs

Number of pages: 42 Posted: 01 Dec 2016
James A Brugler, Carole Comerton-Forde and J. Spencer Martin
University of Melbourne - Department of Finance, University of Melbourne - Department of Finance and University of Melbourne - Faculty of Business and Economics
Downloads 0 (217,217)

Abstract:

corporate bonds, capital costs, market transparency

24.

Regulating Dark Trading: Order Flow Segmentation and Market Quality

FIRN Research Paper No. 2755392
Number of pages: 50 Posted: 31 Mar 2016 Last Revised: 10 Jun 2017
Carole Comerton-Forde, Katya Malinova and Andreas Park
University of Melbourne - Department of Finance, University of Toronto and University of Toronto - Finance Area
Downloads 0 (88,097)

Abstract:

dark trading, high frequency trading, retail investors, trade-at rule, price improvement, segmentation, internalization

25.

Market Integrity and Surveillance Effort

Journal of Financial Services Research, Vol. 29, pp. 149-172, 2006
Posted: 29 Aug 2006
Carole Comerton-Forde and James Rydge
University of Melbourne - Department of Finance and University of Sydney - Discipline of Finance

Abstract:

Market integrity, surveillance, market manipulation

26.

The Current State of Asia-Pacific Stock Exchanges: A Critical Review of Market Design

Pacific-Basin Finance Journal, Vol. 14, pp. 1-32, 2006
Posted: 20 May 2005
Carole Comerton-Forde and James Rydge
University of Melbourne - Department of Finance and University of Sydney - Discipline of Finance

Abstract:

Asia-Pacific exchanges, market microstructure, market design

27.

Call Auction Algorithm Design and Market Manipulation

Journal of Multinational Financial Management, Vol. 16, pp. 184-198, 2006
Posted: 16 May 2005
Carole Comerton-Forde and James Rydge
University of Melbourne - Department of Finance and University of Sydney - Discipline of Finance

Abstract:

Call auction, manipulation, matching algorithm

28.

The Influence of Call Auction Algorithm Rules on Market Efficiency

Journal of Financial Markets, Vol. 9, pp. 199-222, 2006
Posted: 14 May 2005
Carole Comerton-Forde and James Rydge
University of Melbourne - Department of Finance and University of Sydney - Discipline of Finance

Abstract:

Call auction, price efficiency, matching algorithm, auction design

Other Papers (1)

Total Downloads: 47    Citations: 0
1.

Investor Responses to Earnings Announcements - a Comparison of Chinese A and B Stock Markets

20th Australasian Finance & Banking Conference 2007 Paper
Number of pages: 25 Posted: 27 Aug 2007
Carole Comerton-Forde and Juan Yao
University of Melbourne - Department of Finance and University of Sydney - Business School - Finance Discipline
Downloads 47 (198,090)

Abstract:

Earnings Responses, Chinese Stock Markets, Market Efficiency