Carole Comerton-Forde

UNSW Business School

UNSW Business School

High St

Sydney, NSW 2052

Australia

Financial Research Network (FIRN)

C/- University of Queensland Business School

St Lucia, 4071 Brisbane

Queensland

Australia

http://www.firn.org.au

SCHOLARLY PAPERS

32

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Top 3,117

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15,137

SSRN CITATIONS
Rank 5,069

SSRN RANKINGS

Top 5,069

in Total Papers Citations

108

CROSSREF CITATIONS

162

Scholarly Papers (32)

1.

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
UNSW Business School and University of Technology Sydney (UTS)
Downloads 2,400 (7,352)
Citation 30

Abstract:

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dark pool, price discovery, information share, efficiency

2.

A Review of Stock Market Microstructure

Number of pages: 103 Posted: 02 May 2005
Carole Comerton-Forde and James Rydge
UNSW Business School and Grantham Research Institute on Climate Change and the Environment
Downloads 2,090 (9,168)
Citation 3

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microstructure, trading rules

3.

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

Journal of Finance, Forthcoming
Number of pages: 59 Posted: 31 Dec 2008
UNSW Business School, University of California, Berkeley - Haas School of Business, Columbia Business School, Cornell University - SC Johnson College of Business and ASU WP Carey School of Business
Downloads 1,665 (13,236)
Citation 7

Abstract:

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Liquidity, Market-Makers

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
UNSW Business School, University of California, Berkeley - Haas School of Business and Columbia Business School
Downloads 1,372 (17,899)
Citation 2

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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
UNSW Business School and University of Technology Sydney (UTS)
Downloads 1,044 (26,773)
Citation 14

Abstract:

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manipulation, closing price, high-closing, index

6.

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
UNSW Business School and University of Technology Sydney (UTS)
Downloads 729 (44,155)
Citation 8

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

7.

Inverted Fee Structures, Tick Size, and Market Quality

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 56 Posted: 23 Mar 2017 Last Revised: 10 Sep 2018
Carole Comerton-Forde, Vincent Gregoire and Zhuo Zhong
UNSW Business School, HEC Montreal - Department of Finance and University of Melbourne - Department of Finance
Downloads 656 (50,772)
Citation 9

Abstract:

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exchange fees, inverted venues, dark trading

8.

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, UNSW Business School, University of Sydney and Rozetta Institute
Downloads 560 (62,158)
Citation 7

Abstract:

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Small-cap equity funds, trading activity, performance

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
UNSW Business School, Columbia Business School and University of Technology Sydney (UTS)
Downloads 534 (65,921)
Citation 7

Abstract:

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

10.

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
UNSW Business School, McMaster University - Michael G. DeGroote School of Business and University of Toronto - Finance Area
Downloads 509 (70,095)
Citation 14

Abstract:

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

11.
Downloads 484 ( 74,516)
Citation 15

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 UNSW Business School
Downloads 452 (80,119)
Citation 3

Abstract:

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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 UNSW Business School
Downloads 32 (579,732)
Citation 3
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Call auctions, Liquidity, Market microstructure

12.

Secondary Market Transparency and Corporate Bond Issuing Costs

Number of pages: 59 Posted: 01 Dec 2016 Last Revised: 25 Jun 2021
James Brugler, Carole Comerton-Forde and J. Spencer Martin
University of Melbourne - Department of Finance, UNSW Business School and University of Melbourne - Faculty of Business and Economics
Downloads 450 (81,529)
Citation 5

Abstract:

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corporate bonds, capital costs, market transparency

13.

Director Holdings, Shareholder Concentration and Illiquidity

Number of pages: 41 Posted: 04 May 2005
Carole Comerton-Forde and James Rydge
UNSW Business School and Grantham Research Institute on Climate Change and the Environment
Downloads 344 (111,031)
Citation 6

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Ownership concentration, illiquidity, insiders, directors, retail investors

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
UNSW Business School, University of Technology Sydney (UTS) and University of Sydney - Discipline of Finance
Downloads 315 (121,867)
Citation 4

Abstract:

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Anonymity, execution cost, broker identity, strategic trading

15.

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
UNSW Business School and University of Technology Sydney (UTS)
Downloads 289 (133,555)
Citation 6

Abstract:

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manipulation, closing price, high-closing, experimental market

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
UNSW Business School, University of Sydney, The University of Sydney and Rozetta Institute
Downloads 277 (138,813)
Citation 3

Abstract:

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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
UNSW Business School, Rozetta Institute, The University of Sydney and University of Sydney

Abstract:

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price impact, small-cap funds, transaction costs

17.
Downloads 277 (139,489)
Citation 8

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, UNSW Business School, The University of Sydney - Discipline of Finance and Schroder Investment Management Indonesia
Downloads 251 (153,580)

Abstract:

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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
UNSW Business School, The University of Sydney - Discipline of Finance, The University of Sydney - Discipline of Finance and Schroder Investment Management Indonesia
Downloads 26 (618,911)
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18.

Does Financial Market Structure Impact the Cost of Raising Capital?

Number of pages: 61 Posted: 21 Nov 2017 Last Revised: 05 Feb 2020
James Brugler, Carole Comerton-Forde and Terrence Hendershott
University of Melbourne - Department of Finance, UNSW Business School and University of California, Berkeley - Haas School of Business
Downloads 262 (147,653)
Citation 3

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Liquidity, Capital Costs, Seasoned Equity Offerings

19.

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
UNSW Business School, The University of Sydney - Discipline of Finance and Macquarie Graduate School of Management
Downloads 254 (152,255)
Citation 7

Abstract:

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anonymity, transparency, limit orders

20.

An Empirical Analysis of Strategic Behaviour Models

Number of pages: 41 Posted: 03 Feb 2005
UNSW Business School, University of Queensland - Business SchoolSchroder Investment Management Limited and University of Sydney Business School
Downloads 187 (203,090)
Citation 1

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Informed trading, liquidity trading, strategic behaviour, intraday patterns

21.

Trading @ The Close

Number of pages: 65 Posted: 07 Sep 2021
Carole Comerton-Forde and Barbara Rindi
UNSW Business School and Bocconi University and IGIER and Baffi Carefin
Downloads 106 (317,175)

Abstract:

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closing auction, liquidity, efficiency

22.

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
UNSW Business School, University of California, Berkeley - Haas School of Business, Columbia Business School, Cornell University - SC Johnson College of Business and ASU WP Carey School of Business
Downloads 99 (331,810)
Citation 19

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23.

Measuring Financial Wellbeing with Self-Reported and Bank-Record Data

IZA Discussion Paper No. 13884
Number of pages: 84 Posted: 23 Nov 2020
UNSW Business School, University of Melbourne - Melbourne Institute: Applied Economic & Social Research, Melbourne Institute: Applied Economic & Social Research, the University of Melbourne, Georgia State University, Commonwealth Bank of Australia and Commonwealth Bank of Australia
Downloads 93 (345,288)

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financial wellbeing, bank-record data, financial behavior, item response theory models, machine-learning, LASSO

24.

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
UNSW Business School, Rozetta Institute, University of New South Wales and University of Sydney
Downloads 56 (456,402)

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25.

Differential access to dark markets and execution quality

Number of pages: 50 Posted: 27 Aug 2021
James Brugler and Carole Comerton-Forde
University of Melbourne - Department of Finance and UNSW Business School
Downloads 40 (524,212)

Abstract:

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Dark trading, execution quality, high frequency trading

26.

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 UNSW Business School
Downloads 26 (601,566)
Citation 1
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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
Bryant UniversityBryant University - Department of Finance, UNSW Business School and University of Memphis - Fogelman College of Business and Economics
Downloads 17 (687,625)
Citation 1
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Price Clustering on the Tokyo Stock Exchange

The Financial Review, Vol. 42, No. 2, May 2007
Posted: 26 Apr 2007
Bryant UniversityBryant University - Department of Finance, UNSW Business School and University of Memphis - Fogelman College of Business and Economics

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

28.

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 UNSW Business School
Downloads 2 (782,361)
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Market microstructure, Transaction costs, Liquidity, Market design, Bidask spread

29.

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
UNSW Business School and Grantham Research Institute on Climate Change and the Environment

Abstract:

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Market integrity, surveillance, market manipulation

30.

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
UNSW Business School and Grantham Research Institute on Climate Change and the Environment

Abstract:

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Asia-Pacific exchanges, market microstructure, market design

31.

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
UNSW Business School and Grantham Research Institute on Climate Change and the Environment

Abstract:

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Call auction, manipulation, matching algorithm

32.

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
UNSW Business School and Grantham Research Institute on Climate Change and the Environment

Abstract:

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Call auction, price efficiency, matching algorithm, auction design

Other Papers (1)

Total Downloads: 49
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
UNSW Business School and University of Sydney - Business School - Finance Discipline
Downloads 49

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Earnings Responses, Chinese Stock Markets, Market Efficiency