Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
Anufriev et al. study whether more detailed order book information is always better for market efficiency in a modified continuous double auction market. This paper belongs to a broad research agenda on the impact of information transparency and trading speed on market stability. This comment discusses the implication of this research agenda on the design of market institutions and regulatory policies with the rise of mobile trading platforms and algorithm trading.