Do proprietary traders provide liquidity?

Nittai K. Bergman; Ohad Kadan; Roni Michaely; Pamela C. Moulton

doi:10.1016/j.jfineco.2026.104325

Journal of Financial Economics Vol. 184 2026

Do proprietary traders provide liquidity?

Nittai K. Bergman¹; Ohad Kadan^2,3; Roni Michaely^4,5; Pamela C. Moulton⁶

¹ Tel Aviv University · ² Washington University in St. Louis · ³ Arizona State University · ⁴ European Corporate Governance Institute · ⁵ University of Hong Kong · ⁶ Cornell University

open access

DOI: 10.1016/j.jfineco.2026.104325
Volume: 184
Pages: 104325
Language: en
Sources: crossref openalex

Do proprietary traders provide liquidity?

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