id	sid	tid	token	lemma	pos
cjfa-30366	1	1	date	date	NOUN
cjfa-30366	1	2	of	of	ADP
cjfa-30366	1	3	submission	submission	NOUN
cjfa-30366	1	4	:	:	PUNCT
cjfa-30366	1	5	december	december	PROPN
cjfa-30366	1	6	14	14	NUM
cjfa-30366	1	7	,	,	PUNCT
cjfa-30366	1	8	2019	2019	NUM
cjfa-30366	1	9	;	;	PUNCT
cjfa-30366	1	10	date	date	NOUN
cjfa-30366	1	11	of	of	ADP
cjfa-30366	1	12	acceptance	acceptance	NOUN
cjfa-30366	1	13	:	:	PUNCT
cjfa-30366	1	14	january	january	PROPN
cjfa-30366	1	15	15	15	NUM
cjfa-30366	1	16	,	,	PUNCT
cjfa-30366	1	17	2020	2020	NUM
cjfa-30366	1	18	.	.	PUNCT
cjfa-30366	2	1	*	*	PUNCT
cjfa-30366	2	2	contact	contact	NOUN
cjfa-30366	2	3	information	information	NOUN
cjfa-30366	2	4	:	:	PUNCT
cjfa-30366	3	1	dinabandhu.bag@gmail.com	dinabandhu.bag@gmail.com	PROPN
cjfa-30366	3	2	,	,	PUNCT
cjfa-30366	3	3	national	national	PROPN
cjfa-30366	3	4	institute	institute	PROPN
cjfa-30366	3	5	of	of	ADP
cjfa-30366	3	6	technology	technology	PROPN
cjfa-30366	3	7	,	,	PUNCT
cjfa-30366	3	8	rourkela	rourkela	PROPN
cjfa-30366	3	9	,	,	PUNCT
cjfa-30366	3	10	national	national	PROPN
cjfa-30366	3	11	institute	institute	PROPN
cjfa-30366	3	12	of	of	ADP
cjfa-30366	3	13	technology	technology	PROPN
cjfa-30366	3	14	,	,	PUNCT
cjfa-30366	3	15	sector	sector	NOUN
cjfa-30366	3	16	1	1	NUM
cjfa-30366	3	17	,	,	PUNCT
cjfa-30366	3	18	rourkela	rourkela	PROPN
cjfa-30366	3	19	,	,	PUNCT
cjfa-30366	3	20	odisha	odisha	PROPN
cjfa-30366	3	21	769008	769008	NUM
cjfa-30366	3	22	,	,	PUNCT
cjfa-30366	3	23	in	in	ADP
cjfa-30366	3	24	 	 	SPACE
cjfa-30366	3	25	dia	dia	PROPN
cjfa-30366	3	26	,	,	PUNCT
cjfa-30366	3	27	phone	phone	NOUN
cjfa-30366	3	28	:	:	PUNCT
cjfa-30366	3	29	916612462803	916612462803	NUM
cjfa-30366	3	30	;	;	PUNCT
cjfa-30366	3	31	orcid	orcid	NOUN
cjfa-30366	4	1	i	i	NOUN
cjfa-30366	4	2	d	d	NOUN
cjfa-30366	4	3	:	:	PUNCT
cjfa-30366	5	1	https://orcid.org/0000-0001-9736-1299	https://orcid.org/0000-0001-9736-1299	NOUN
cjfa-30366	5	2	.	.	PUNCT
cjfa-30366	5	3	copernican	copernican	PROPN
cjfa-30366	5	4	journal	journal	PROPN
cjfa-30366	5	5	of	of	ADP
cjfa-30366	5	6	finance	finance	PROPN
cjfa-30366	5	7	&	&	CCONJ
cjfa-30366	5	8	accounting	accounting	PROPN
cjfa-30366	5	9	e	e	PROPN
cjfa-30366	5	10	-	-	PROPN
cjfa-30366	5	11	issn	issn	PROPN
cjfa-30366	5	12	2300	2300	NUM
cjfa-30366	5	13	-	-	SYM
cjfa-30366	5	14	3065	3065	NUM
cjfa-30366	5	15	p	p	PROPN
cjfa-30366	5	16	-	-	PUNCT
cjfa-30366	5	17	issn	issn	PROPN
cjfa-30366	5	18	2300	2300	NUM
cjfa-30366	5	19	-	-	SYM
cjfa-30366	5	20	12402019	12402019	NUM
cjfa-30366	5	21	,	,	PUNCT
cjfa-30366	5	22	volume	volume	NOUN
cjfa-30366	5	23	8	8	NUM
cjfa-30366	5	24	,	,	PUNCT
cjfa-30366	5	25	issue	issue	NOUN
cjfa-30366	5	26	4	4	NUM
cjfa-30366	5	27	bag	bag	NOUN
cjfa-30366	5	28	,	,	PUNCT
cjfa-30366	5	29	d.	d.	PROPN
cjfa-30366	5	30	(	(	PUNCT
cjfa-30366	5	31	2019	2019	NUM
cjfa-30366	5	32	)	)	PUNCT
cjfa-30366	5	33	.	.	PUNCT
cjfa-30366	6	1	information	information	NOUN
cjfa-30366	6	2	content	content	NOUN
cjfa-30366	6	3	of	of	ADP
cjfa-30366	6	4	stocks	stock	NOUN
cjfa-30366	6	5	in	in	ADP
cjfa-30366	6	6	call	call	NOUN
cjfa-30366	6	7	auction	auction	NOUN
cjfa-30366	6	8	of	of	ADP
cjfa-30366	6	9	shorter	short	ADJ
cjfa-30366	6	10	duration	duration	NOUN
cjfa-30366	6	11	in	in	ADP
cjfa-30366	6	12	emerging	emerge	VERB
cjfa-30366	6	13	market	market	NOUN
cjfa-30366	6	14	.	.	PUNCT
cjfa-30366	7	1	copernican	copernican	PROPN
cjfa-30366	7	2	journal	journal	PROPN
cjfa-30366	7	3	of	of	ADP
cjfa-30366	7	4	finance	finance	PROPN
cjfa-30366	7	5	&	&	CCONJ
cjfa-30366	7	6	accounting	accounting	PROPN
cjfa-30366	7	7	,	,	PUNCT
cjfa-30366	7	8	8(4	8(4	NUM
cjfa-30366	7	9	)	)	PUNCT
cjfa-30366	7	10	,	,	PUNCT
cjfa-30366	7	11	113–132	113–132	NUM
cjfa-30366	7	12	.	.	PUNCT
cjfa-30366	8	1	http://dx.doi.org/10.12775/	http://dx.doi.org/10.12775/	PROPN
cjfa-30366	8	2	cjfa.2019.020	cjfa.2019.020	PROPN
cjfa-30366	8	3	dinabandhu	dinabandhu	NOUN
cjfa-30366	8	4	bag	bag	NOUN
cjfa-30366	8	5	*	*	PUNCT
cjfa-30366	8	6	national	national	PROPN
cjfa-30366	8	7	institute	institute	PROPN
cjfa-30366	8	8	of	of	ADP
cjfa-30366	8	9	technology	technology	PROPN
cjfa-30366	8	10	,	,	PUNCT
cjfa-30366	8	11	rourkela	rourkela	VERB
cjfa-30366	8	12	information	information	NOUN
cjfa-30366	8	13	content	content	NOUN
cjfa-30366	8	14	of	of	ADP
cjfa-30366	8	15	stocks	stock	NOUN
cjfa-30366	8	16	in	in	ADP
cjfa-30366	8	17	call	call	NOUN
cjfa-30366	8	18	auction	auction	NOUN
cjfa-30366	8	19	of	of	ADP
cjfa-30366	8	20	shorter	short	ADJ
cjfa-30366	8	21	duration	duration	NOUN
cjfa-30366	8	22	in	in	ADP
cjfa-30366	8	23	emerging	emerge	VERB
cjfa-30366	8	24	market	market	NOUN
cjfa-30366	8	25	keywords	keyword	NOUN
cjfa-30366	8	26	:	:	PUNCT
cjfa-30366	8	27	auction	auction	NOUN
cjfa-30366	8	28	,	,	PUNCT
cjfa-30366	8	29	information	information	NOUN
cjfa-30366	8	30	,	,	PUNCT
cjfa-30366	8	31	duration	duration	NOUN
cjfa-30366	8	32	,	,	PUNCT
cjfa-30366	8	33	volatility	volatility	NOUN
cjfa-30366	8	34	.	.	PUNCT
cjfa-30366	9	1	j	j	PROPN
cjfa-30366	9	2	e	e	PROPN
cjfa-30366	9	3	l	l	PROPN
cjfa-30366	9	4	classification	classification	NOUN
cjfa-30366	9	5	:	:	PUNCT
cjfa-30366	9	6	g10	g10	PROPN
cjfa-30366	9	7	,	,	PUNCT
cjfa-30366	9	8	g14	g14	PROPN
cjfa-30366	9	9	,	,	PUNCT
cjfa-30366	9	10	d53	d53	NOUN
cjfa-30366	9	11	,	,	PUNCT
cjfa-30366	9	12	g14	g14	NOUN
cjfa-30366	9	13	.	.	PUNCT
cjfa-30366	10	1	abstract	abstract	ADJ
cjfa-30366	10	2	:	:	PUNCT
cjfa-30366	10	3	pre	pre	ADJ
cjfa-30366	10	4	-	-	ADJ
cjfa-30366	10	5	open	open	ADJ
cjfa-30366	10	6	auctions	auction	NOUN
cjfa-30366	10	7	have	have	AUX
cjfa-30366	10	8	been	be	AUX
cjfa-30366	10	9	widely	widely	ADV
cjfa-30366	10	10	implemented	implement	VERB
cjfa-30366	10	11	across	across	ADP
cjfa-30366	10	12	trading	trading	NOUN
cjfa-30366	10	13	exchanges	exchange	NOUN
cjfa-30366	10	14	.	.	PUNCT
cjfa-30366	11	1	pre	pre	ADJ
cjfa-30366	11	2	-	-	ADJ
cjfa-30366	11	3	open	open	ADJ
cjfa-30366	11	4	auctions	auction	NOUN
cjfa-30366	11	5	tend	tend	VERB
cjfa-30366	11	6	to	to	PART
cjfa-30366	11	7	reduce	reduce	VERB
cjfa-30366	11	8	information	information	NOUN
cjfa-30366	11	9	asymmetry	asymmetry	NOUN
cjfa-30366	11	10	and	and	CCONJ
cjfa-30366	11	11	trading	trading	NOUN
cjfa-30366	11	12	risks	risk	NOUN
cjfa-30366	11	13	.	.	PUNCT
cjfa-30366	12	1	call	call	NOUN
cjfa-30366	12	2	auctions	auction	NOUN
cjfa-30366	12	3	have	have	AUX
cjfa-30366	12	4	been	be	AUX
cjfa-30366	12	5	encouraged	encourage	VERB
cjfa-30366	12	6	to	to	PART
cjfa-30366	12	7	enhance	enhance	VERB
cjfa-30366	12	8	price	price	NOUN
cjfa-30366	12	9	discovery	discovery	NOUN
cjfa-30366	12	10	.	.	PUNCT
cjfa-30366	13	1	this	this	DET
cjfa-30366	13	2	paper	paper	NOUN
cjfa-30366	13	3	explores	explore	VERB
cjfa-30366	13	4	the	the	DET
cjfa-30366	13	5	shifts	shift	NOUN
cjfa-30366	13	6	in	in	ADP
cjfa-30366	13	7	information	information	NOUN
cjfa-30366	13	8	content	content	NOUN
cjfa-30366	13	9	of	of	ADP
cjfa-30366	13	10	the	the	DET
cjfa-30366	13	11	pre	pre	ADJ
cjfa-30366	13	12	-	-	ADJ
cjfa-30366	13	13	market	market	ADJ
cjfa-30366	13	14	auction	auction	NOUN
cjfa-30366	13	15	session	session	NOUN
cjfa-30366	13	16	over	over	ADP
cjfa-30366	13	17	time	time	NOUN
cjfa-30366	13	18	.	.	PUNCT
cjfa-30366	14	1	we	we	PRON
cjfa-30366	14	2	derive	derive	VERB
cjfa-30366	14	3	that	that	SCONJ
cjfa-30366	14	4	the	the	DET
cjfa-30366	14	5	information	information	NOUN
cjfa-30366	14	6	content	content	NOUN
cjfa-30366	14	7	of	of	ADP
cjfa-30366	14	8	the	the	DET
cjfa-30366	14	9	pre	pre	ADJ
cjfa-30366	14	10	opening	opening	NOUN
cjfa-30366	14	11	auction	auction	NOUN
cjfa-30366	14	12	did	do	AUX
cjfa-30366	14	13	improve	improve	VERB
cjfa-30366	14	14	little	little	ADV
cjfa-30366	14	15	after	after	ADP
cjfa-30366	14	16	a	a	DET
cjfa-30366	14	17	gap	gap	NOUN
cjfa-30366	14	18	of	of	ADP
cjfa-30366	14	19	two	two	NUM
cjfa-30366	14	20	months	month	NOUN
cjfa-30366	14	21	.	.	PUNCT
cjfa-30366	15	1	we	we	PRON
cjfa-30366	15	2	conclude	conclude	VERB
cjfa-30366	15	3	that	that	SCONJ
cjfa-30366	15	4	the	the	DET
cjfa-30366	15	5	intraday	intraday	NOUN
cjfa-30366	15	6	15	15	NUM
cjfa-30366	15	7	minutes	minute	NOUN
cjfa-30366	15	8	realized	realize	VERB
cjfa-30366	15	9	volatility	volatility	NOUN
cjfa-30366	15	10	was	be	AUX
cjfa-30366	15	11	influenced	influence	VERB
cjfa-30366	15	12	by	by	ADP
cjfa-30366	15	13	information	information	NOUN
cjfa-30366	15	14	content	content	NOUN
cjfa-30366	15	15	in	in	ADP
cjfa-30366	15	16	the	the	DET
cjfa-30366	15	17	pre	pre	NOUN
cjfa-30366	15	18	-	-	NOUN
cjfa-30366	15	19	market	market	NOUN
cjfa-30366	15	20	.	.	PUNCT
cjfa-30366	16	1	we	we	PRON
cjfa-30366	16	2	demonstrate	demonstrate	VERB
cjfa-30366	16	3	that	that	SCONJ
cjfa-30366	16	4	volatility	volatility	NOUN
cjfa-30366	16	5	is	be	AUX
cjfa-30366	16	6	the	the	DET
cjfa-30366	16	7	cause	cause	NOUN
cjfa-30366	16	8	of	of	ADP
cjfa-30366	16	9	order	order	NOUN
cjfa-30366	16	10	imbalance	imbalance	NOUN
cjfa-30366	16	11	or	or	CCONJ
cjfa-30366	16	12	a	a	DET
cjfa-30366	16	13	cause	cause	NOUN
cjfa-30366	16	14	of	of	ADP
cjfa-30366	16	15	poor	poor	ADJ
cjfa-30366	16	16	information	information	NOUN
cjfa-30366	16	17	content	content	NOUN
cjfa-30366	16	18	.	.	PUNCT
cjfa-30366	17	1	the	the	DET
cjfa-30366	17	2	investigation	investigation	NOUN
cjfa-30366	17	3	of	of	ADP
cjfa-30366	17	4	the	the	DET
cjfa-30366	17	5	related	related	ADJ
cjfa-30366	17	6	volatility	volatility	NOUN
cjfa-30366	17	7	in	in	ADP
cjfa-30366	17	8	the	the	DET
cjfa-30366	17	9	futures	future	NOUN
cjfa-30366	17	10	segment	segment	NOUN
cjfa-30366	17	11	provides	provide	VERB
cjfa-30366	17	12	interesting	interesting	ADJ
cjfa-30366	17	13	insights	insight	NOUN
cjfa-30366	17	14	on	on	ADP
cjfa-30366	17	15	the	the	DET
cjfa-30366	17	16	unusual	unusual	ADJ
cjfa-30366	17	17	pre	pre	ADJ
cjfa-30366	17	18	-	-	ADJ
cjfa-30366	17	19	market	market	ADJ
cjfa-30366	17	20	imbalances	imbalance	NOUN
cjfa-30366	17	21	visualized	visualize	VERB
cjfa-30366	17	22	on	on	ADP
cjfa-30366	17	23	days	day	NOUN
cjfa-30366	17	24	close	close	ADV
cjfa-30366	17	25	to	to	ADP
cjfa-30366	17	26	expiry	expiry	NOUN
cjfa-30366	17	27	of	of	ADP
cjfa-30366	17	28	futures	future	NOUN
cjfa-30366	17	29	.	.	PUNCT
cjfa-30366	17	30	 	 	SPACE
cjfa-30366	18	1	introduction	introduction	NOUN
cjfa-30366	18	2	the	the	DET
cjfa-30366	18	3	design	design	NOUN
cjfa-30366	18	4	of	of	ADP
cjfa-30366	18	5	market	market	NOUN
cjfa-30366	18	6	microstructure	microstructure	NOUN
cjfa-30366	18	7	and	and	CCONJ
cjfa-30366	18	8	testing	testing	NOUN
cjfa-30366	18	9	of	of	ADP
cjfa-30366	18	10	the	the	DET
cjfa-30366	18	11	efficient	efficient	ADJ
cjfa-30366	18	12	market	market	NOUN
cjfa-30366	18	13	hypothesis	hypothesis	NOUN
cjfa-30366	18	14	has	have	AUX
cjfa-30366	18	15	drawn	draw	VERB
cjfa-30366	18	16	attention	attention	NOUN
cjfa-30366	18	17	from	from	ADP
cjfa-30366	18	18	empirical	empirical	ADJ
cjfa-30366	18	19	researchers	researcher	NOUN
cjfa-30366	18	20	in	in	ADP
cjfa-30366	18	21	the	the	DET
cjfa-30366	18	22	literature	literature	NOUN
cjfa-30366	18	23	.	.	PUNCT
cjfa-30366	19	1	predinabandhu	predinabandhu	PROPN
cjfa-30366	19	2	bag114	bag114	PROPN
cjfa-30366	19	3	open	open	ADJ
cjfa-30366	19	4	auctions	auction	NOUN
cjfa-30366	19	5	have	have	AUX
cjfa-30366	19	6	been	be	AUX
cjfa-30366	19	7	widely	widely	ADV
cjfa-30366	19	8	implemented	implement	VERB
cjfa-30366	19	9	across	across	ADP
cjfa-30366	19	10	many	many	ADJ
cjfa-30366	19	11	trading	trading	NOUN
cjfa-30366	19	12	exchanges	exchange	NOUN
cjfa-30366	19	13	.	.	PUNCT
cjfa-30366	20	1	pre	pre	ADJ
cjfa-30366	20	2	-	-	ADJ
cjfa-30366	20	3	open	open	ADJ
cjfa-30366	20	4	auctions	auction	NOUN
cjfa-30366	20	5	tend	tend	VERB
cjfa-30366	20	6	to	to	PART
cjfa-30366	20	7	reduce	reduce	VERB
cjfa-30366	20	8	information	information	NOUN
cjfa-30366	20	9	asymmetry	asymmetry	NOUN
cjfa-30366	20	10	and	and	CCONJ
cjfa-30366	20	11	trading	trading	NOUN
cjfa-30366	20	12	risks	risk	NOUN
cjfa-30366	20	13	.	.	PUNCT
cjfa-30366	21	1	an	an	DET
cjfa-30366	21	2	auction	auction	NOUN
cjfa-30366	21	3	can	can	AUX
cjfa-30366	21	4	calibrate	calibrate	VERB
cjfa-30366	21	5	the	the	DET
cjfa-30366	21	6	information	information	NOUN
cjfa-30366	21	7	changes	change	NOUN
cjfa-30366	21	8	and	and	CCONJ
cjfa-30366	21	9	signal	signal	VERB
cjfa-30366	21	10	the	the	DET
cjfa-30366	21	11	participants	participant	NOUN
cjfa-30366	21	12	by	by	ADP
cjfa-30366	21	13	reducing	reduce	VERB
cjfa-30366	21	14	price	price	NOUN
cjfa-30366	21	15	discrimination	discrimination	NOUN
cjfa-30366	21	16	for	for	ADP
cjfa-30366	21	17	market	market	NOUN
cjfa-30366	21	18	players	player	NOUN
cjfa-30366	21	19	.	.	PUNCT
cjfa-30366	22	1	the	the	DET
cjfa-30366	22	2	motivation	motivation	NOUN
cjfa-30366	22	3	comes	come	VERB
cjfa-30366	22	4	from	from	ADP
cjfa-30366	22	5	the	the	DET
cjfa-30366	22	6	fact	fact	NOUN
cjfa-30366	22	7	that	that	SCONJ
cjfa-30366	22	8	the	the	DET
cjfa-30366	22	9	important	important	ADJ
cjfa-30366	22	10	aspect	aspect	NOUN
cjfa-30366	22	11	of	of	ADP
cjfa-30366	22	12	the	the	DET
cjfa-30366	22	13	impact	impact	NOUN
cjfa-30366	22	14	on	on	ADP
cjfa-30366	22	15	volatility	volatility	NOUN
cjfa-30366	22	16	due	due	ADP
cjfa-30366	22	17	to	to	PART
cjfa-30366	22	18	call	call	VERB
cjfa-30366	22	19	auctions	auction	NOUN
cjfa-30366	22	20	had	have	AUX
cjfa-30366	22	21	not	not	PART
cjfa-30366	22	22	been	be	AUX
cjfa-30366	22	23	conclusively	conclusively	ADV
cjfa-30366	22	24	established	establish	VERB
cjfa-30366	22	25	across	across	ADP
cjfa-30366	22	26	many	many	ADJ
cjfa-30366	22	27	markets	market	NOUN
cjfa-30366	22	28	.	.	PUNCT
cjfa-30366	23	1	this	this	DET
cjfa-30366	23	2	study	study	NOUN
cjfa-30366	23	3	covers	cover	VERB
cjfa-30366	23	4	the	the	DET
cjfa-30366	23	5	order	order	NOUN
cjfa-30366	23	6	generation	generation	NOUN
cjfa-30366	23	7	process	process	NOUN
cjfa-30366	23	8	of	of	ADP
cjfa-30366	23	9	the	the	DET
cjfa-30366	23	10	opening	opening	NOUN
cjfa-30366	23	11	call	call	NOUN
cjfa-30366	23	12	auction	auction	NOUN
cjfa-30366	23	13	at	at	ADP
cjfa-30366	23	14	regional	regional	ADJ
cjfa-30366	23	15	exchanges	exchange	NOUN
cjfa-30366	23	16	(	(	PUNCT
cjfa-30366	23	17	e.g.	e.g.	ADV
cjfa-30366	23	18	,	,	PUNCT
cjfa-30366	23	19	nse	nse	NOUN
cjfa-30366	23	20	,	,	PUNCT
cjfa-30366	23	21	national	national	ADJ
cjfa-30366	23	22	stock	stock	NOUN
cjfa-30366	23	23	exchange	exchange	PROPN
cjfa-30366	23	24	)	)	PUNCT
cjfa-30366	23	25	in	in	ADP
cjfa-30366	23	26	india	india	PROPN
cjfa-30366	23	27	.	.	PUNCT
cjfa-30366	24	1	the	the	DET
cjfa-30366	24	2	objectives	objective	NOUN
cjfa-30366	24	3	of	of	ADP
cjfa-30366	24	4	this	this	DET
cjfa-30366	24	5	study	study	NOUN
cjfa-30366	24	6	include	include	VERB
cjfa-30366	24	7	,	,	PUNCT
cjfa-30366	24	8	examining	examine	VERB
cjfa-30366	24	9	the	the	DET
cjfa-30366	24	10	order	order	NOUN
cjfa-30366	24	11	generation	generation	NOUN
cjfa-30366	24	12	as	as	ADP
cjfa-30366	24	13	market	market	NOUN
cjfa-30366	24	14	depth	depth	NOUN
cjfa-30366	24	15	,	,	PUNCT
cjfa-30366	24	16	during	during	ADP
cjfa-30366	24	17	auction	auction	NOUN
cjfa-30366	24	18	and	and	CCONJ
cjfa-30366	24	19	measuring	measure	VERB
cjfa-30366	24	20	the	the	DET
cjfa-30366	24	21	changes	change	NOUN
cjfa-30366	24	22	to	to	ADP
cjfa-30366	24	23	information	information	NOUN
cjfa-30366	24	24	content	content	NOUN
cjfa-30366	24	25	of	of	ADP
cjfa-30366	24	26	the	the	DET
cjfa-30366	24	27	call	call	NOUN
cjfa-30366	24	28	auction	auction	NOUN
cjfa-30366	24	29	.	.	PUNCT
cjfa-30366	25	1	we	we	PRON
cjfa-30366	25	2	develop	develop	VERB
cjfa-30366	25	3	a	a	DET
cjfa-30366	25	4	measure	measure	NOUN
cjfa-30366	25	5	of	of	ADP
cjfa-30366	25	6	information	information	NOUN
cjfa-30366	25	7	content	content	NOUN
cjfa-30366	25	8	for	for	ADP
cjfa-30366	25	9	the	the	DET
cjfa-30366	25	10	pre	pre	ADJ
cjfa-30366	25	11	opening	opening	NOUN
cjfa-30366	25	12	session	session	NOUN
cjfa-30366	25	13	using	use	VERB
cjfa-30366	25	14	order	order	NOUN
cjfa-30366	25	15	imbalance	imbalance	NOUN
cjfa-30366	25	16	at	at	ADP
cjfa-30366	25	17	ticker	ticker	NOUN
cjfa-30366	25	18	level	level	NOUN
cjfa-30366	25	19	.	.	PUNCT
cjfa-30366	26	1	our	our	PRON
cjfa-30366	26	2	major	major	ADJ
cjfa-30366	26	3	findings	finding	NOUN
cjfa-30366	26	4	are	be	AUX
cjfa-30366	26	5	two	two	NUM
cjfa-30366	26	6	fold;	fold;	NOUN
cjfa-30366	26	7	information	information	NOUN
cjfa-30366	26	8	content	content	NOUN
cjfa-30366	26	9	during	during	ADP
cjfa-30366	26	10	pre	pre	ADJ
cjfa-30366	26	11	opening	opening	NOUN
cjfa-30366	26	12	has	have	AUX
cjfa-30366	26	13	improved	improve	VERB
cjfa-30366	26	14	little	little	ADJ
cjfa-30366	26	15	during	during	ADP
cjfa-30366	26	16	the	the	DET
cjfa-30366	26	17	sample	sample	NOUN
cjfa-30366	26	18	period	period	NOUN
cjfa-30366	26	19	which	which	PRON
cjfa-30366	26	20	portrays	portray	VERB
cjfa-30366	26	21	improvement	improvement	NOUN
cjfa-30366	26	22	in	in	ADP
cjfa-30366	26	23	efficiency	efficiency	NOUN
cjfa-30366	26	24	of	of	ADP
cjfa-30366	26	25	markets	market	NOUN
cjfa-30366	26	26	and	and	CCONJ
cjfa-30366	26	27	,	,	PUNCT
cjfa-30366	26	28	there	there	PRON
cjfa-30366	26	29	is	be	VERB
cjfa-30366	26	30	visible	visible	ADJ
cjfa-30366	26	31	rise	rise	NOUN
cjfa-30366	26	32	in	in	ADP
cjfa-30366	26	33	intraday	intraday	NOUN
cjfa-30366	26	34	15	15	NUM
cjfa-30366	26	35	minutes	minute	NOUN
cjfa-30366	26	36	volatility	volatility	NOUN
cjfa-30366	26	37	during	during	ADP
cjfa-30366	26	38	the	the	DET
cjfa-30366	26	39	first	first	ADJ
cjfa-30366	26	40	hour	hour	NOUN
cjfa-30366	26	41	of	of	ADP
cjfa-30366	26	42	the	the	DET
cjfa-30366	26	43	normal	normal	ADJ
cjfa-30366	26	44	market	market	NOUN
cjfa-30366	26	45	trading	trading	NOUN
cjfa-30366	26	46	.	.	PUNCT
cjfa-30366	27	1	we	we	PRON
cjfa-30366	27	2	also	also	ADV
cjfa-30366	27	3	find	find	VERB
cjfa-30366	27	4	whether	whether	SCONJ
cjfa-30366	27	5	volatility	volatility	NOUN
cjfa-30366	27	6	could	could	AUX
cjfa-30366	27	7	be	be	AUX
cjfa-30366	27	8	a	a	DET
cjfa-30366	27	9	cause	cause	NOUN
cjfa-30366	27	10	of	of	ADP
cjfa-30366	27	11	order	order	NOUN
cjfa-30366	27	12	imbalance	imbalance	NOUN
cjfa-30366	27	13	and	and	CCONJ
cjfa-30366	27	14	poor	poor	ADJ
cjfa-30366	27	15	information	information	NOUN
cjfa-30366	27	16	content	content	NOUN
cjfa-30366	27	17	.	.	PUNCT
cjfa-30366	28	1	we	we	PRON
cjfa-30366	28	2	explore	explore	VERB
cjfa-30366	28	3	the	the	DET
cjfa-30366	28	4	pattern	pattern	NOUN
cjfa-30366	28	5	of	of	ADP
cjfa-30366	28	6	order	order	NOUN
cjfa-30366	28	7	flow	flow	NOUN
cjfa-30366	28	8	,	,	PUNCT
cjfa-30366	28	9	and	and	CCONJ
cjfa-30366	28	10	deduce	deduce	VERB
cjfa-30366	28	11	that	that	SCONJ
cjfa-30366	28	12	the	the	DET
cjfa-30366	28	13	number	number	NOUN
cjfa-30366	28	14	of	of	ADP
cjfa-30366	28	15	trades	trade	NOUN
cjfa-30366	28	16	has	have	AUX
cjfa-30366	28	17	risen	rise	VERB
cjfa-30366	28	18	.	.	PUNCT
cjfa-30366	29	1	we	we	PRON
cjfa-30366	29	2	find	find	VERB
cjfa-30366	29	3	that	that	SCONJ
cjfa-30366	29	4	,	,	PUNCT
cjfa-30366	29	5	quantity	quantity	NOUN
cjfa-30366	29	6	traded	trade	VERB
cjfa-30366	29	7	in	in	ADP
cjfa-30366	29	8	pre	pre	ADJ
cjfa-30366	29	9	-	-	ADJ
cjfa-30366	29	10	opening	opening	ADJ
cjfa-30366	29	11	remains	remain	VERB
cjfa-30366	29	12	a	a	DET
cjfa-30366	29	13	small	small	ADJ
cjfa-30366	29	14	portion	portion	NOUN
cjfa-30366	29	15	of	of	ADP
cjfa-30366	29	16	the	the	DET
cjfa-30366	29	17	total	total	ADJ
cjfa-30366	29	18	volume	volume	NOUN
cjfa-30366	29	19	in	in	ADP
cjfa-30366	29	20	normal	normal	ADJ
cjfa-30366	29	21	trade	trade	NOUN
cjfa-30366	29	22	(	(	PUNCT
cjfa-30366	29	23	only	only	ADV
cjfa-30366	29	24	0.18	0.18	NUM
cjfa-30366	29	25	%	%	NOUN
cjfa-30366	29	26	)	)	PUNCT
cjfa-30366	29	27	,	,	PUNCT
cjfa-30366	29	28	limit	limit	VERB
cjfa-30366	29	29	orders	order	NOUN
cjfa-30366	29	30	comprise	comprise	VERB
cjfa-30366	29	31	over	over	ADP
cjfa-30366	29	32	98	98	NUM
cjfa-30366	29	33	%	%	NOUN
cjfa-30366	29	34	of	of	ADP
cjfa-30366	29	35	all	all	DET
cjfa-30366	29	36	orders	order	NOUN
cjfa-30366	29	37	,	,	PUNCT
cjfa-30366	29	38	the	the	DET
cjfa-30366	29	39	order	order	NOUN
cjfa-30366	29	40	cancellation	cancellation	NOUN
cjfa-30366	29	41	rate	rate	NOUN
cjfa-30366	29	42	is	be	AUX
cjfa-30366	29	43	only	only	ADV
cjfa-30366	29	44	3	3	NUM
cjfa-30366	29	45	%	%	NOUN
cjfa-30366	29	46	of	of	ADP
cjfa-30366	29	47	the	the	DET
cjfa-30366	29	48	total	total	ADJ
cjfa-30366	29	49	orders	order	NOUN
cjfa-30366	29	50	,	,	PUNCT
cjfa-30366	29	51	and	and	CCONJ
cjfa-30366	29	52	proportion	proportion	NOUN
cjfa-30366	29	53	of	of	ADP
cjfa-30366	29	54	buy	buy	NOUN
cjfa-30366	29	55	orders	order	NOUN
cjfa-30366	29	56	is	be	AUX
cjfa-30366	29	57	more	more	ADJ
cjfa-30366	29	58	than	than	ADP
cjfa-30366	29	59	that	that	PRON
cjfa-30366	29	60	of	of	ADP
cjfa-30366	29	61	sell	sell	NOUN
cjfa-30366	29	62	orders	order	NOUN
cjfa-30366	29	63	.	.	PUNCT
cjfa-30366	30	1	the	the	DET
cjfa-30366	30	2	number	number	NOUN
cjfa-30366	30	3	of	of	ADP
cjfa-30366	30	4	sell	sell	NOUN
cjfa-30366	30	5	type	type	NOUN
cjfa-30366	30	6	modified	modify	VERB
cjfa-30366	30	7	orders	order	NOUN
cjfa-30366	30	8	is	be	AUX
cjfa-30366	30	9	higher	high	ADJ
cjfa-30366	30	10	than	than	SCONJ
cjfa-30366	30	11	buy	buy	VERB
cjfa-30366	30	12	type	type	NOUN
cjfa-30366	30	13	modified	modify	VERB
cjfa-30366	30	14	orders	order	NOUN
cjfa-30366	30	15	.	.	PUNCT
cjfa-30366	31	1	further	far	ADV
cjfa-30366	31	2	,	,	PUNCT
cjfa-30366	31	3	we	we	PRON
cjfa-30366	31	4	gather	gather	VERB
cjfa-30366	31	5	that	that	SCONJ
cjfa-30366	31	6	the	the	DET
cjfa-30366	31	7	time	time	NOUN
cjfa-30366	31	8	interval	interval	NOUN
cjfa-30366	31	9	of	of	ADP
cjfa-30366	31	10	modification	modification	NOUN
cjfa-30366	31	11	for	for	ADP
cjfa-30366	31	12	sell	sell	NOUN
cjfa-30366	31	13	type	type	NOUN
cjfa-30366	31	14	orders	order	NOUN
cjfa-30366	31	15	is	be	AUX
cjfa-30366	31	16	lower	low	ADJ
cjfa-30366	31	17	than	than	ADP
cjfa-30366	31	18	the	the	DET
cjfa-30366	31	19	interval	interval	NOUN
cjfa-30366	31	20	of	of	ADP
cjfa-30366	31	21	modification	modification	NOUN
cjfa-30366	31	22	for	for	ADP
cjfa-30366	31	23	buy	buy	NOUN
cjfa-30366	31	24	type	type	NOUN
cjfa-30366	31	25	orders	order	NOUN
cjfa-30366	31	26	.	.	PUNCT
cjfa-30366	32	1	observing	observe	VERB
cjfa-30366	32	2	the	the	DET
cjfa-30366	32	3	corresponding	corresponding	ADJ
cjfa-30366	32	4	impact	impact	NOUN
cjfa-30366	32	5	in	in	ADP
cjfa-30366	32	6	the	the	DET
cjfa-30366	32	7	normal	normal	ADJ
cjfa-30366	32	8	market	market	NOUN
cjfa-30366	32	9	,	,	PUNCT
cjfa-30366	32	10	we	we	PRON
cjfa-30366	32	11	find	find	VERB
cjfa-30366	32	12	the	the	DET
cjfa-30366	32	13	first	first	ADJ
cjfa-30366	32	14	15	15	NUM
cjfa-30366	32	15	minutes	minute	NOUN
cjfa-30366	32	16	realized	realize	VERB
cjfa-30366	32	17	volatility	volatility	NOUN
cjfa-30366	32	18	has	have	AUX
cjfa-30366	32	19	increased	increase	VERB
cjfa-30366	32	20	.	.	PUNCT
cjfa-30366	33	1	testing	test	VERB
cjfa-30366	33	2	for	for	ADP
cjfa-30366	33	3	the	the	DET
cjfa-30366	33	4	realised	realise	VERB
cjfa-30366	33	5	volatility	volatility	NOUN
cjfa-30366	33	6	for	for	ADP
cjfa-30366	33	7	the	the	DET
cjfa-30366	33	8	day	day	NOUN
cjfa-30366	33	9	,	,	PUNCT
cjfa-30366	33	10	and	and	CCONJ
cjfa-30366	33	11	auction	auction	NOUN
cjfa-30366	33	12	indicators	indicator	NOUN
cjfa-30366	33	13	,	,	PUNCT
cjfa-30366	33	14	we	we	PRON
cjfa-30366	33	15	observe	observe	VERB
cjfa-30366	33	16	that	that	SCONJ
cjfa-30366	33	17	both	both	CCONJ
cjfa-30366	33	18	the	the	DET
cjfa-30366	33	19	opening	opening	NOUN
cjfa-30366	33	20	order	order	NOUN
cjfa-30366	33	21	imbalance	imbalance	NOUN
cjfa-30366	33	22	and	and	CCONJ
cjfa-30366	33	23	pre	pre	ADJ
cjfa-30366	33	24	-	-	ADJ
cjfa-30366	33	25	market	market	ADJ
cjfa-30366	33	26	traded	trade	VERB
cjfa-30366	33	27	volume	volume	NOUN
cjfa-30366	33	28	,	,	PUNCT
cjfa-30366	33	29	influence	influence	NOUN
cjfa-30366	33	30	end	end	NOUN
cjfa-30366	33	31	of	of	ADP
cjfa-30366	33	32	the	the	DET
cjfa-30366	33	33	day	day	NOUN
cjfa-30366	33	34	volatility	volatility	NOUN
cjfa-30366	33	35	significantly	significantly	ADV
cjfa-30366	33	36	.	.	PUNCT
cjfa-30366	34	1	the	the	DET
cjfa-30366	34	2	paper	paper	NOUN
cjfa-30366	34	3	is	be	AUX
cjfa-30366	34	4	divided	divide	VERB
cjfa-30366	34	5	into	into	ADP
cjfa-30366	34	6	four	four	NUM
cjfa-30366	34	7	different	different	ADJ
cjfa-30366	34	8	chapters	chapter	NOUN
cjfa-30366	34	9	.	.	PUNCT
cjfa-30366	35	1	in	in	ADP
cjfa-30366	35	2	the	the	DET
cjfa-30366	35	3	second	second	ADJ
cjfa-30366	35	4	chapter	chapter	NOUN
cjfa-30366	35	5	,	,	PUNCT
cjfa-30366	35	6	a	a	DET
cjfa-30366	35	7	literature	literature	NOUN
cjfa-30366	35	8	review	review	NOUN
cjfa-30366	35	9	is	be	AUX
cjfa-30366	35	10	presented	present	VERB
cjfa-30366	35	11	about	about	ADP
cjfa-30366	35	12	the	the	DET
cjfa-30366	35	13	information	information	NOUN
cjfa-30366	35	14	models	model	NOUN
cjfa-30366	35	15	.	.	PUNCT
cjfa-30366	36	1	the	the	DET
cjfa-30366	36	2	third	third	ADJ
cjfa-30366	36	3	chapter	chapter	NOUN
cjfa-30366	36	4	presents	present	VERB
cjfa-30366	36	5	the	the	DET
cjfa-30366	36	6	empirical	empirical	ADJ
cjfa-30366	36	7	research	research	NOUN
cjfa-30366	36	8	,	,	PUNCT
cjfa-30366	36	9	using	use	VERB
cjfa-30366	36	10	hypotheses	hypothesis	NOUN
cjfa-30366	36	11	considering	consider	VERB
cjfa-30366	36	12	the	the	DET
cjfa-30366	36	13	final	final	ADJ
cjfa-30366	36	14	objective	objective	NOUN
cjfa-30366	36	15	of	of	ADP
cjfa-30366	36	16	this	this	DET
cjfa-30366	36	17	study	study	NOUN
cjfa-30366	36	18	,	,	PUNCT
cjfa-30366	36	19	the	the	DET
cjfa-30366	36	20	final	final	ADJ
cjfa-30366	36	21	results	result	NOUN
cjfa-30366	36	22	and	and	CCONJ
cjfa-30366	36	23	statistical	statistical	ADJ
cjfa-30366	36	24	tests	test	NOUN
cjfa-30366	36	25	,	,	PUNCT
cjfa-30366	36	26	as	as	ADV
cjfa-30366	36	27	well	well	ADV
cjfa-30366	36	28	as	as	ADP
cjfa-30366	36	29	its	its	PRON
cjfa-30366	36	30	discussion	discussion	NOUN
cjfa-30366	36	31	.	.	PUNCT
cjfa-30366	37	1	in	in	ADP
cjfa-30366	37	2	the	the	DET
cjfa-30366	37	3	last	last	ADJ
cjfa-30366	37	4	chapter	chapter	NOUN
cjfa-30366	37	5	,	,	PUNCT
cjfa-30366	37	6	the	the	DET
cjfa-30366	37	7	conclusions	conclusion	NOUN
cjfa-30366	37	8	are	be	AUX
cjfa-30366	37	9	specified	specify	VERB
cjfa-30366	37	10	.	.	PUNCT
cjfa-30366	38	1	information	information	NOUN
cjfa-30366	38	2	content	content	NOUN
cjfa-30366	38	3	of	of	ADP
cjfa-30366	38	4	stocks	stock	NOUN
cjfa-30366	38	5	in	in	ADP
cjfa-30366	38	6	call	call	NOUN
cjfa-30366	38	7	auction	auction	NOUN
cjfa-30366	38	8	…	…	PUNCT
cjfa-30366	38	9	115	115	NUM
cjfa-30366	38	10	the	the	DET
cjfa-30366	38	11	research	research	NOUN
cjfa-30366	38	12	methodology	methodology	NOUN
cjfa-30366	38	13	and	and	CCONJ
cjfa-30366	38	14	the	the	DET
cjfa-30366	38	15	research	research	NOUN
cjfa-30366	38	16	process	process	NOUN
cjfa-30366	38	17	the	the	DET
cjfa-30366	38	18	empirical	empirical	ADJ
cjfa-30366	38	19	issues	issue	NOUN
cjfa-30366	38	20	concerning	concern	VERB
cjfa-30366	38	21	call	call	NOUN
cjfa-30366	38	22	auction	auction	NOUN
cjfa-30366	38	23	in	in	ADP
cjfa-30366	38	24	information	information	NOUN
cjfa-30366	38	25	and	and	CCONJ
cjfa-30366	38	26	efficiency	efficiency	NOUN
cjfa-30366	38	27	has	have	AUX
cjfa-30366	38	28	drawn	draw	VERB
cjfa-30366	38	29	reasonable	reasonable	ADJ
cjfa-30366	38	30	attention	attention	NOUN
cjfa-30366	38	31	in	in	ADP
cjfa-30366	38	32	literature	literature	NOUN
cjfa-30366	38	33	.	.	PUNCT
cjfa-30366	39	1	broadly	broadly	ADV
cjfa-30366	39	2	,	,	PUNCT
cjfa-30366	39	3	the	the	DET
cjfa-30366	39	4	empirical	empirical	ADJ
cjfa-30366	39	5	literature	literature	NOUN
cjfa-30366	39	6	on	on	ADP
cjfa-30366	39	7	call	call	NOUN
cjfa-30366	39	8	auctions	auction	NOUN
cjfa-30366	39	9	,	,	PUNCT
cjfa-30366	39	10	have	have	AUX
cjfa-30366	39	11	dwelt	dwelt	VERB
cjfa-30366	39	12	upon	upon	SCONJ
cjfa-30366	39	13	stock	stock	NOUN
cjfa-30366	39	14	performance	performance	NOUN
cjfa-30366	39	15	within	within	ADP
cjfa-30366	39	16	the	the	DET
cjfa-30366	39	17	split	split	ADJ
cjfa-30366	39	18	sample	sample	NOUN
cjfa-30366	39	19	test	test	NOUN
cjfa-30366	39	20	windows	window	NOUN
cjfa-30366	39	21	,	,	PUNCT
cjfa-30366	39	22	attempts	attempt	VERB
cjfa-30366	39	23	to	to	PART
cjfa-30366	39	24	devise	devise	VERB
cjfa-30366	39	25	measures	measure	NOUN
cjfa-30366	39	26	to	to	PART
cjfa-30366	39	27	compare	compare	VERB
cjfa-30366	39	28	the	the	DET
cjfa-30366	39	29	market	market	NOUN
cjfa-30366	39	30	level	level	NOUN
cjfa-30366	39	31	changes	change	NOUN
cjfa-30366	39	32	to	to	ADP
cjfa-30366	39	33	abnormal	abnormal	ADJ
cjfa-30366	39	34	or	or	CCONJ
cjfa-30366	39	35	excess	excess	ADJ
cjfa-30366	39	36	returns	return	NOUN
cjfa-30366	39	37	across	across	ADP
cjfa-30366	39	38	fixed	fix	VERB
cjfa-30366	39	39	windows	window	NOUN
cjfa-30366	39	40	.	.	PUNCT
cjfa-30366	40	1	literature	literature	PROPN
cjfa-30366	40	2	review	review	VERB
cjfa-30366	40	3	the	the	DET
cjfa-30366	40	4	literature	literature	NOUN
cjfa-30366	40	5	on	on	ADP
cjfa-30366	40	6	market	market	NOUN
cjfa-30366	40	7	microstructure	microstructure	NOUN
cjfa-30366	40	8	forms	form	NOUN
cjfa-30366	40	9	the	the	DET
cjfa-30366	40	10	basis	basis	NOUN
cjfa-30366	40	11	of	of	ADP
cjfa-30366	40	12	efficiency	efficiency	NOUN
cjfa-30366	40	13	testing	testing	NOUN
cjfa-30366	40	14	which	which	PRON
cjfa-30366	40	15	includes	include	VERB
cjfa-30366	40	16	madhavan	madhavan	NOUN
cjfa-30366	40	17	and	and	CCONJ
cjfa-30366	40	18	panchapagesan	panchapagesan	PROPN
cjfa-30366	40	19	(	(	PUNCT
cjfa-30366	40	20	2000	2000	NUM
cjfa-30366	40	21	)	)	PUNCT
cjfa-30366	40	22	,	,	PUNCT
cjfa-30366	40	23	who	who	PRON
cjfa-30366	40	24	tested	test	VERB
cjfa-30366	40	25	the	the	DET
cjfa-30366	40	26	variance	variance	NOUN
cjfa-30366	40	27	ratio	ratio	NOUN
cjfa-30366	40	28	of	of	ADP
cjfa-30366	40	29	normal	normal	ADJ
cjfa-30366	40	30	price	price	NOUN
cjfa-30366	40	31	to	to	ADP
cjfa-30366	40	32	opening	opening	NOUN
cjfa-30366	40	33	price	price	NOUN
cjfa-30366	40	34	for	for	ADP
cjfa-30366	40	35	us	us	PROPN
cjfa-30366	40	36	markets	market	NOUN
cjfa-30366	40	37	.	.	PUNCT
cjfa-30366	41	1	earlier	early	ADV
cjfa-30366	41	2	,	,	PUNCT
cjfa-30366	41	3	madhavan	madhavan	PROPN
cjfa-30366	41	4	(	(	PUNCT
cjfa-30366	41	5	1992	1992	NUM
cjfa-30366	41	6	)	)	PUNCT
cjfa-30366	41	7	,	,	PUNCT
cjfa-30366	41	8	amihud	amihud	PROPN
cjfa-30366	41	9	,	,	PUNCT
cjfa-30366	41	10	mendelson	mendelson	PROPN
cjfa-30366	41	11	,	,	PUNCT
cjfa-30366	41	12	and	and	CCONJ
cjfa-30366	41	13	lauterbach	lauterbach	NOUN
cjfa-30366	41	14	(	(	PUNCT
cjfa-30366	41	15	1997	1997	NUM
cjfa-30366	41	16	)	)	PUNCT
cjfa-30366	41	17	and	and	CCONJ
cjfa-30366	41	18	kalay	kalay	VERB
cjfa-30366	41	19	,	,	PUNCT
cjfa-30366	41	20	wei	wei	PROPN
cjfa-30366	41	21	,	,	PUNCT
cjfa-30366	41	22	and	and	CCONJ
cjfa-30366	41	23	wohl	wohl	NOUN
cjfa-30366	41	24	(	(	PUNCT
cjfa-30366	41	25	2002	2002	NUM
cjfa-30366	41	26	)	)	PUNCT
cjfa-30366	41	27	had	have	AUX
cjfa-30366	41	28	shown	show	VERB
cjfa-30366	41	29	that	that	SCONJ
cjfa-30366	41	30	the	the	DET
cjfa-30366	41	31	normal	normal	ADJ
cjfa-30366	41	32	markets	market	NOUN
cjfa-30366	41	33	could	could	AUX
cjfa-30366	41	34	fail	fail	VERB
cjfa-30366	41	35	when	when	SCONJ
cjfa-30366	41	36	information	information	NOUN
cjfa-30366	41	37	asymmetry	asymmetry	NOUN
cjfa-30366	41	38	was	be	AUX
cjfa-30366	41	39	higher	high	ADJ
cjfa-30366	41	40	.	.	PUNCT
cjfa-30366	42	1	the	the	DET
cjfa-30366	42	2	authors	author	NOUN
cjfa-30366	42	3	used	use	VERB
cjfa-30366	42	4	a	a	DET
cjfa-30366	42	5	measure	measure	NOUN
cjfa-30366	42	6	of	of	ADP
cjfa-30366	42	7	is	be	AUX
cjfa-30366	42	8	(	(	PUNCT
cjfa-30366	42	9	information	information	NOUN
cjfa-30366	42	10	share	share	NOUN
cjfa-30366	42	11	)	)	PUNCT
cjfa-30366	42	12	to	to	PART
cjfa-30366	42	13	provide	provide	VERB
cjfa-30366	42	14	relative	relative	ADJ
cjfa-30366	42	15	information	information	NOUN
cjfa-30366	42	16	content	content	NOUN
cjfa-30366	42	17	of	of	ADP
cjfa-30366	42	18	individual	individual	ADJ
cjfa-30366	42	19	markets	market	NOUN
cjfa-30366	42	20	.	.	PUNCT
cjfa-30366	43	1	an	an	DET
cjfa-30366	43	2	indicative	indicative	ADJ
cjfa-30366	43	3	measure	measure	NOUN
cjfa-30366	43	4	of	of	ADP
cjfa-30366	43	5	information	information	NOUN
cjfa-30366	43	6	share	share	NOUN
cjfa-30366	43	7	component	component	NOUN
cjfa-30366	43	8	was	be	AUX
cjfa-30366	43	9	also	also	ADV
cjfa-30366	43	10	discussed	discuss	VERB
cjfa-30366	43	11	by	by	ADP
cjfa-30366	43	12	booth	booth	NOUN
cjfa-30366	43	13	,	,	PUNCT
cjfa-30366	43	14	so	so	ADV
cjfa-30366	43	15	and	and	CCONJ
cjfa-30366	43	16	tse	tse	PROPN
cjfa-30366	43	17	(	(	PUNCT
cjfa-30366	43	18	1999	1999	NUM
cjfa-30366	43	19	)	)	PUNCT
cjfa-30366	43	20	,	,	PUNCT
cjfa-30366	43	21	chu	chu	PROPN
cjfa-30366	43	22	,	,	PUNCT
cjfa-30366	43	23	hsieh	hsieh	PROPN
cjfa-30366	43	24	and	and	CCONJ
cjfa-30366	43	25	tse	tse	PROPN
cjfa-30366	43	26	(	(	PUNCT
cjfa-30366	43	27	1999	1999	NUM
cjfa-30366	43	28	)	)	PUNCT
cjfa-30366	43	29	and	and	CCONJ
cjfa-30366	43	30	baillie	baillie	PROPN
cjfa-30366	43	31	,	,	PUNCT
cjfa-30366	43	32	booth	booth	PROPN
cjfa-30366	43	33	,	,	PUNCT
cjfa-30366	43	34	tse	tse	PROPN
cjfa-30366	43	35	,	,	PUNCT
cjfa-30366	43	36	and	and	CCONJ
cjfa-30366	43	37	zabotina	zabotina	PROPN
cjfa-30366	43	38	(	(	PUNCT
cjfa-30366	43	39	2002	2002	NUM
cjfa-30366	43	40	)	)	PUNCT
cjfa-30366	43	41	,	,	PUNCT
cjfa-30366	43	42	who	who	PRON
cjfa-30366	43	43	detected	detect	VERB
cjfa-30366	43	44	the	the	DET
cjfa-30366	43	45	transitory	transitory	ADJ
cjfa-30366	43	46	components	component	NOUN
cjfa-30366	43	47	of	of	ADP
cjfa-30366	43	48	volatility	volatility	NOUN
cjfa-30366	43	49	,	,	PUNCT
cjfa-30366	43	50	as	as	SCONJ
cjfa-30366	43	51	suggested	suggest	VERB
cjfa-30366	43	52	in	in	ADP
cjfa-30366	43	53	gonzalo	gonzalo	PROPN
cjfa-30366	43	54	and	and	CCONJ
cjfa-30366	43	55	granger	granger	PROPN
cjfa-30366	43	56	(	(	PUNCT
cjfa-30366	43	57	1995	1995	NUM
cjfa-30366	43	58	)	)	PUNCT
cjfa-30366	43	59	.	.	PUNCT
cjfa-30366	44	1	schwartz	schwartz	PROPN
cjfa-30366	44	2	and	and	CCONJ
cjfa-30366	44	3	wood	wood	NOUN
cjfa-30366	44	4	(	(	PUNCT
cjfa-30366	44	5	2001	2001	NUM
cjfa-30366	44	6	)	)	PUNCT
cjfa-30366	44	7	comprehensively	comprehensively	ADV
cjfa-30366	44	8	determined	determine	VERB
cjfa-30366	44	9	the	the	DET
cjfa-30366	44	10	impact	impact	NOUN
cjfa-30366	44	11	of	of	ADP
cjfa-30366	44	12	call	call	NOUN
cjfa-30366	44	13	auction	auction	NOUN
cjfa-30366	44	14	in	in	ADP
cjfa-30366	44	15	nasdaq	nasdaq	PROPN
cjfa-30366	44	16	and	and	CCONJ
cjfa-30366	44	17	found	find	VERB
cjfa-30366	44	18	is	be	AUX
cjfa-30366	44	19	significant	significant	ADJ
cjfa-30366	44	20	and	and	CCONJ
cjfa-30366	44	21	effective	effective	ADJ
cjfa-30366	44	22	.	.	PUNCT
cjfa-30366	45	1	pagano	pagano	PROPN
cjfa-30366	45	2	and	and	CCONJ
cjfa-30366	45	3	schwartz	schwartz	PROPN
cjfa-30366	45	4	(	(	PUNCT
cjfa-30366	45	5	2003	2003	NUM
cjfa-30366	45	6	)	)	PUNCT
cjfa-30366	45	7	used	use	VERB
cjfa-30366	45	8	short	short	ADJ
cjfa-30366	45	9	return	return	NOUN
cjfa-30366	45	10	intervals	interval	NOUN
cjfa-30366	45	11	of	of	ADP
cjfa-30366	45	12	1–20	1–20	ADJ
cjfa-30366	45	13	days	day	NOUN
cjfa-30366	45	14	for	for	ADP
cjfa-30366	45	15	euro	euro	PROPN
cjfa-30366	45	16	next	next	ADJ
cjfa-30366	45	17	paris	paris	PROPN
cjfa-30366	45	18	to	to	PART
cjfa-30366	45	19	understand	understand	VERB
cjfa-30366	45	20	the	the	DET
cjfa-30366	45	21	changes	change	NOUN
cjfa-30366	45	22	to	to	ADP
cjfa-30366	45	23	returns	return	NOUN
cjfa-30366	45	24	.	.	PUNCT
cjfa-30366	46	1	kalay	kalay	VERB
cjfa-30366	46	2	et	et	PROPN
cjfa-30366	46	3	al	al	PROPN
cjfa-30366	46	4	.	.	PROPN
cjfa-30366	47	1	(	(	PUNCT
cjfa-30366	47	2	2002	2002	NUM
cjfa-30366	47	3	)	)	PUNCT
cjfa-30366	47	4	examined	examine	VERB
cjfa-30366	47	5	.	.	PUNCT
cjfa-30366	48	1	israel	israel	PROPN
cjfa-30366	48	2	stock	stock	PROPN
cjfa-30366	48	3	exchange	exchange	PROPN
cjfa-30366	48	4	and	and	CCONJ
cjfa-30366	48	5	noted	note	VERB
cjfa-30366	48	6	decline	decline	NOUN
cjfa-30366	48	7	in	in	ADP
cjfa-30366	48	8	traded	trade	VERB
cjfa-30366	48	9	volume	volume	NOUN
cjfa-30366	48	10	for	for	ADP
cjfa-30366	48	11	small	small	ADJ
cjfa-30366	48	12	stocks	stock	NOUN
cjfa-30366	48	13	post	post	VERB
cjfa-30366	48	14	the	the	DET
cjfa-30366	48	15	auction	auction	NOUN
cjfa-30366	48	16	,	,	PUNCT
cjfa-30366	48	17	compared	compare	VERB
cjfa-30366	48	18	to	to	ADP
cjfa-30366	48	19	continuous	continuous	ADJ
cjfa-30366	48	20	trading	trading	NOUN
cjfa-30366	48	21	.	.	PUNCT
cjfa-30366	49	1	ellul	ellul	NOUN
cjfa-30366	49	2	,	,	PUNCT
cjfa-30366	49	3	shin	shin	NOUN
cjfa-30366	49	4	,	,	PUNCT
cjfa-30366	49	5	and	and	CCONJ
cjfa-30366	49	6	tonks	tonks	PROPN
cjfa-30366	49	7	(	(	PUNCT
cjfa-30366	49	8	2005	2005	NUM
cjfa-30366	49	9	)	)	PUNCT
cjfa-30366	49	10	explored	explore	VERB
cjfa-30366	49	11	call	call	NOUN
cjfa-30366	49	12	auction	auction	NOUN
cjfa-30366	49	13	performance	performance	NOUN
cjfa-30366	49	14	at	at	ADP
cjfa-30366	49	15	london	london	PROPN
cjfa-30366	49	16	stock	stock	NOUN
cjfa-30366	49	17	exchange	exchange	PROPN
cjfa-30366	49	18	and	and	CCONJ
cjfa-30366	49	19	found	find	VERB
cjfa-30366	49	20	that	that	SCONJ
cjfa-30366	49	21	call	call	NOUN
cjfa-30366	49	22	markets	market	NOUN
cjfa-30366	49	23	were	be	AUX
cjfa-30366	49	24	good	good	ADJ
cjfa-30366	49	25	for	for	ADP
cjfa-30366	49	26	price	price	NOUN
cjfa-30366	49	27	discovery	discovery	NOUN
cjfa-30366	49	28	.	.	PUNCT
cjfa-30366	50	1	chang	chang	PROPN
cjfa-30366	50	2	,	,	PUNCT
cjfa-30366	50	3	rhee	rhee	PROPN
cjfa-30366	50	4	,	,	PUNCT
cjfa-30366	50	5	stone	stone	NOUN
cjfa-30366	50	6	and	and	CCONJ
cjfa-30366	50	7	tang	tang	NOUN
cjfa-30366	50	8	(	(	PUNCT
cjfa-30366	50	9	2008	2008	NUM
cjfa-30366	50	10	)	)	PUNCT
cjfa-30366	50	11	tested	test	VERB
cjfa-30366	50	12	the	the	DET
cjfa-30366	50	13	scenarios	scenario	NOUN
cjfa-30366	50	14	of	of	ADP
cjfa-30366	50	15	opening	opening	NOUN
cjfa-30366	50	16	and	and	CCONJ
cjfa-30366	50	17	closing	closing	NOUN
cjfa-30366	50	18	of	of	ADP
cjfa-30366	50	19	the	the	DET
cjfa-30366	50	20	market	market	NOUN
cjfa-30366	50	21	in	in	ADP
cjfa-30366	50	22	singapore	singapore	PROPN
cjfa-30366	50	23	stock	stock	PROPN
cjfa-30366	50	24	exchange	exchange	PROPN
cjfa-30366	50	25	.	.	PUNCT
cjfa-30366	51	1	hanousek	hanousek	NOUN
cjfa-30366	51	2	and	and	CCONJ
cjfa-30366	51	3	kopøiva	kopøiva	PROPN
cjfa-30366	51	4	(	(	PUNCT
cjfa-30366	51	5	2011	2011	NUM
cjfa-30366	51	6	)	)	PUNCT
cjfa-30366	51	7	covered	cover	VERB
cjfa-30366	51	8	the	the	DET
cjfa-30366	51	9	prague	prague	PROPN
cjfa-30366	51	10	stock	stock	NOUN
cjfa-30366	51	11	exchange	exchange	PROPN
cjfa-30366	51	12	,	,	PUNCT
cjfa-30366	51	13	analyzing	analyze	VERB
cjfa-30366	51	14	the	the	DET
cjfa-30366	51	15	behaviour	behaviour	NOUN
cjfa-30366	51	16	of	of	ADP
cjfa-30366	51	17	market	market	NOUN
cjfa-30366	51	18	makers	maker	NOUN
cjfa-30366	51	19	and	and	CCONJ
cjfa-30366	51	20	their	their	PRON
cjfa-30366	51	21	ability	ability	NOUN
cjfa-30366	51	22	to	to	PART
cjfa-30366	51	23	maintain	maintain	VERB
cjfa-30366	51	24	private	private	ADJ
cjfa-30366	51	25	information	information	NOUN
cjfa-30366	51	26	on	on	ADP
cjfa-30366	51	27	large	large	ADJ
cjfa-30366	51	28	orders	order	NOUN
cjfa-30366	51	29	,	,	PUNCT
cjfa-30366	51	30	using	use	VERB
cjfa-30366	51	31	the	the	DET
cjfa-30366	51	32	modified	modified	PROPN
cjfa-30366	51	33	easley	easley	PROPN
cjfa-30366	51	34	,	,	PUNCT
cjfa-30366	51	35	kiefer	kiefer	NOUN
cjfa-30366	51	36	,	,	PUNCT
cjfa-30366	51	37	o’hara	o’hara	NOUN
cjfa-30366	51	38	and	and	CCONJ
cjfa-30366	51	39	paperman	paperman	NOUN
cjfa-30366	51	40	(	(	PUNCT
cjfa-30366	51	41	1996	1996	NUM
cjfa-30366	51	42	)	)	PUNCT
cjfa-30366	51	43	method	method	NOUN
cjfa-30366	51	44	.	.	PUNCT
cjfa-30366	52	1	these	these	PRON
cjfa-30366	52	2	suggested	suggest	VERB
cjfa-30366	52	3	measures	measure	NOUN
cjfa-30366	52	4	of	of	ADP
cjfa-30366	52	5	is	be	AUX
cjfa-30366	52	6	or	or	CCONJ
cjfa-30366	52	7	information	information	NOUN
cjfa-30366	52	8	content	content	NOUN
cjfa-30366	52	9	(	(	PUNCT
cjfa-30366	52	10	viz	viz	PROPN
cjfa-30366	52	11	.	.	PROPN
cjfa-30366	52	12	,	,	PUNCT
cjfa-30366	52	13	madhavan	madhavan	PROPN
cjfa-30366	52	14	,	,	PUNCT
cjfa-30366	52	15	1992	1992	NUM
cjfa-30366	52	16	,	,	PUNCT
cjfa-30366	52	17	gonzalo	gonzalo	PROPN
cjfa-30366	52	18	&	&	CCONJ
cjfa-30366	52	19	granger	granger	PROPN
cjfa-30366	52	20	,	,	PUNCT
cjfa-30366	52	21	1995	1995	NUM
cjfa-30366	52	22	)	)	PUNCT
cjfa-30366	52	23	can	can	AUX
cjfa-30366	52	24	not	not	PART
cjfa-30366	52	25	be	be	AUX
cjfa-30366	52	26	directly	directly	ADV
cjfa-30366	52	27	related	relate	VERB
cjfa-30366	52	28	or	or	CCONJ
cjfa-30366	52	29	easily	easily	ADV
cjfa-30366	52	30	applied	apply	VERB
cjfa-30366	52	31	to	to	ADP
cjfa-30366	52	32	indian	indian	ADJ
cjfa-30366	52	33	markets	market	NOUN
cjfa-30366	52	34	.	.	PUNCT
cjfa-30366	53	1	this	this	PRON
cjfa-30366	53	2	is	be	AUX
cjfa-30366	53	3	because	because	SCONJ
cjfa-30366	53	4	the	the	DET
cjfa-30366	53	5	nature	nature	NOUN
cjfa-30366	53	6	of	of	ADP
cjfa-30366	53	7	volume	volume	NOUN
cjfa-30366	53	8	generation	generation	NOUN
cjfa-30366	53	9	and	and	CCONJ
cjfa-30366	53	10	distribution	distribution	NOUN
cjfa-30366	53	11	during	during	ADP
cjfa-30366	53	12	pre	pre	VERB
cjfa-30366	53	13	open	open	ADJ
cjfa-30366	53	14	at	at	ADP
cjfa-30366	53	15	nse	nse	NOUN
cjfa-30366	53	16	(	(	PUNCT
cjfa-30366	53	17	national	national	ADJ
cjfa-30366	53	18	stock	stock	NOUN
cjfa-30366	53	19	exchange	exchange	PROPN
cjfa-30366	53	20	)	)	PUNCT
cjfa-30366	53	21	is	be	AUX
cjfa-30366	53	22	disdinabandhu	disdinabandhu	NOUN
cjfa-30366	53	23	bag116	bag116	ADJ
cjfa-30366	53	24	crete	crete	ADJ
cjfa-30366	53	25	and	and	CCONJ
cjfa-30366	53	26	less	less	ADV
cjfa-30366	53	27	ordered	order	VERB
cjfa-30366	53	28	since	since	SCONJ
cjfa-30366	53	29	the	the	DET
cjfa-30366	53	30	order	order	NOUN
cjfa-30366	53	31	entry	entry	NOUN
cjfa-30366	53	32	duration	duration	NOUN
cjfa-30366	53	33	of	of	ADP
cjfa-30366	53	34	8	8	NUM
cjfa-30366	53	35	minutes	minute	NOUN
cjfa-30366	53	36	is	be	AUX
cjfa-30366	53	37	too	too	ADV
cjfa-30366	53	38	short	short	ADJ
cjfa-30366	53	39	for	for	ADP
cjfa-30366	53	40	the	the	DET
cjfa-30366	53	41	total	total	ADJ
cjfa-30366	53	42	auction	auction	NOUN
cjfa-30366	53	43	duration	duration	NOUN
cjfa-30366	53	44	of	of	ADP
cjfa-30366	53	45	15	15	NUM
cjfa-30366	53	46	minutes	minute	NOUN
cjfa-30366	53	47	only	only	ADV
cjfa-30366	53	48	.	.	PUNCT
cjfa-30366	54	1	there	there	PRON
cjfa-30366	54	2	are	be	VERB
cjfa-30366	54	3	few	few	ADJ
cjfa-30366	54	4	studies	study	NOUN
cjfa-30366	54	5	on	on	ADP
cjfa-30366	54	6	the	the	DET
cjfa-30366	54	7	impact	impact	NOUN
cjfa-30366	54	8	of	of	ADP
cjfa-30366	54	9	call	call	NOUN
cjfa-30366	54	10	auction	auction	NOUN
cjfa-30366	54	11	for	for	ADP
cjfa-30366	54	12	indian	indian	ADJ
cjfa-30366	54	13	markets	market	NOUN
cjfa-30366	54	14	,	,	PUNCT
cjfa-30366	54	15	particularly	particularly	ADV
cjfa-30366	54	16	,	,	PUNCT
cjfa-30366	54	17	agrawalla	agrawalla	PROPN
cjfa-30366	54	18	and	and	CCONJ
cjfa-30366	54	19	pandey	pandey	PROPN
cjfa-30366	54	20	(	(	PUNCT
cjfa-30366	54	21	2013	2013	NUM
cjfa-30366	54	22	)	)	PUNCT
cjfa-30366	54	23	,	,	PUNCT
cjfa-30366	54	24	acharya	acharya	NOUN
cjfa-30366	54	25	and	and	CCONJ
cjfa-30366	54	26	gaikwad	gaikwad	PROPN
cjfa-30366	54	27	(	(	PUNCT
cjfa-30366	54	28	2014	2014	NUM
cjfa-30366	54	29	)	)	PUNCT
cjfa-30366	54	30	and	and	CCONJ
cjfa-30366	54	31	camilleri	camilleri	PROPN
cjfa-30366	54	32	(	(	PUNCT
cjfa-30366	54	33	2015	2015	NUM
cjfa-30366	54	34	)	)	PUNCT
cjfa-30366	54	35	respectively	respectively	ADV
cjfa-30366	54	36	.	.	PUNCT
cjfa-30366	55	1	acharya	acharya	PROPN
cjfa-30366	55	2	and	and	CCONJ
cjfa-30366	55	3	gaikwad	gaikwad	PROPN
cjfa-30366	55	4	(	(	PUNCT
cjfa-30366	55	5	2014	2014	NUM
cjfa-30366	55	6	)	)	PUNCT
cjfa-30366	55	7	,	,	PUNCT
cjfa-30366	55	8	agrawalla	agrawalla	PROPN
cjfa-30366	55	9	et	et	PROPN
cjfa-30366	55	10	al	al	PROPN
cjfa-30366	55	11	.	.	PROPN
cjfa-30366	56	1	(	(	PUNCT
cjfa-30366	56	2	2013	2013	NUM
cjfa-30366	56	3	)	)	PUNCT
cjfa-30366	56	4	summarised	summarise	VERB
cjfa-30366	56	5	the	the	DET
cjfa-30366	56	6	variation	variation	NOUN
cjfa-30366	56	7	in	in	ADP
cjfa-30366	56	8	returns	return	NOUN
cjfa-30366	56	9	for	for	ADP
cjfa-30366	56	10	56	56	NUM
cjfa-30366	56	11	tickers	ticker	NOUN
cjfa-30366	56	12	using	use	VERB
cjfa-30366	56	13	6	6	NUM
cjfa-30366	56	14	months	month	NOUN
cjfa-30366	56	15	data	datum	NOUN
cjfa-30366	56	16	for	for	ADP
cjfa-30366	56	17	the	the	DET
cjfa-30366	56	18	year	year	NOUN
cjfa-30366	56	19	2010	2010	NUM
cjfa-30366	56	20	.	.	PUNCT
cjfa-30366	57	1	agrawalla	agrawalla	PROPN
cjfa-30366	57	2	et	et	PROPN
cjfa-30366	57	3	al	al	PROPN
cjfa-30366	57	4	.	.	PROPN
cjfa-30366	58	1	(	(	PUNCT
cjfa-30366	58	2	2013	2013	NUM
cjfa-30366	58	3	)	)	PUNCT
cjfa-30366	58	4	tested	test	VERB
cjfa-30366	58	5	the	the	DET
cjfa-30366	58	6	holding	hold	VERB
cjfa-30366	58	7	period	period	NOUN
cjfa-30366	58	8	return	return	VERB
cjfa-30366	58	9	across	across	ADP
cjfa-30366	58	10	intervals	interval	NOUN
cjfa-30366	58	11	of	of	ADP
cjfa-30366	58	12	1	1	NUM
cjfa-30366	58	13	-	-	SYM
cjfa-30366	58	14	20	20	NUM
cjfa-30366	58	15	days	day	NOUN
cjfa-30366	58	16	,	,	PUNCT
cjfa-30366	58	17	but	but	CCONJ
cjfa-30366	58	18	could	could	AUX
cjfa-30366	58	19	not	not	PART
cjfa-30366	58	20	establish	establish	VERB
cjfa-30366	58	21	any	any	DET
cjfa-30366	58	22	major	major	ADJ
cjfa-30366	58	23	effects	effect	NOUN
cjfa-30366	58	24	of	of	ADP
cjfa-30366	58	25	the	the	DET
cjfa-30366	58	26	opening	opening	NOUN
cjfa-30366	58	27	auction	auction	NOUN
cjfa-30366	58	28	on	on	ADP
cjfa-30366	58	29	normal	normal	ADJ
cjfa-30366	58	30	markets	market	NOUN
cjfa-30366	58	31	.	.	PUNCT
cjfa-30366	59	1	acharya	acharya	PROPN
cjfa-30366	59	2	and	and	CCONJ
cjfa-30366	59	3	gaikwad	gaikwad	PROPN
cjfa-30366	59	4	(	(	PUNCT
cjfa-30366	59	5	2014	2014	NUM
cjfa-30366	59	6	)	)	PUNCT
cjfa-30366	59	7	confined	confine	VERB
cjfa-30366	59	8	to	to	PART
cjfa-30366	59	9	call	call	VERB
cjfa-30366	59	10	auctions	auction	NOUN
cjfa-30366	59	11	to	to	ADP
cjfa-30366	59	12	bse	bse	PROPN
cjfa-30366	59	13	&	&	CCONJ
cjfa-30366	59	14	nse	nse	PROPN
cjfa-30366	59	15	and	and	CCONJ
cjfa-30366	59	16	found	find	VERB
cjfa-30366	59	17	no	no	DET
cjfa-30366	59	18	significant	significant	ADJ
cjfa-30366	59	19	improvement	improvement	NOUN
cjfa-30366	59	20	in	in	ADP
cjfa-30366	59	21	price	price	NOUN
cjfa-30366	59	22	discovery	discovery	NOUN
cjfa-30366	59	23	process	process	NOUN
cjfa-30366	59	24	.	.	PUNCT
cjfa-30366	60	1	none	none	NOUN
cjfa-30366	60	2	of	of	ADP
cjfa-30366	60	3	these	these	DET
cjfa-30366	60	4	authors	author	NOUN
cjfa-30366	60	5	(	(	PUNCT
cjfa-30366	60	6	for	for	ADP
cjfa-30366	60	7	example	example	NOUN
cjfa-30366	60	8	,	,	PUNCT
cjfa-30366	60	9	acharya	acharya	PROPN
cjfa-30366	60	10	&	&	CCONJ
cjfa-30366	60	11	gaikwad	gaikwad	PROPN
cjfa-30366	60	12	,	,	PUNCT
cjfa-30366	60	13	2014	2014	NUM
cjfa-30366	60	14	;	;	PUNCT
cjfa-30366	60	15	agrawalla	agrawalla	PROPN
cjfa-30366	60	16	et	et	PROPN
cjfa-30366	60	17	al	al	PROPN
cjfa-30366	60	18	.	.	PROPN
cjfa-30366	60	19	,	,	PUNCT
cjfa-30366	60	20	2013	2013	NUM
cjfa-30366	60	21	)	)	PUNCT
cjfa-30366	60	22	,	,	PUNCT
cjfa-30366	60	23	did	do	AUX
cjfa-30366	60	24	focus	focus	VERB
cjfa-30366	60	25	on	on	ADP
cjfa-30366	60	26	the	the	DET
cjfa-30366	60	27	information	information	NOUN
cjfa-30366	60	28	content	content	NOUN
cjfa-30366	60	29	of	of	ADP
cjfa-30366	60	30	indian	indian	ADJ
cjfa-30366	60	31	markets	market	NOUN
cjfa-30366	60	32	exclusively	exclusively	ADV
cjfa-30366	60	33	.	.	PUNCT
cjfa-30366	61	1	camilleri	camilleri	NOUN
cjfa-30366	61	2	(	(	PUNCT
cjfa-30366	61	3	2015	2015	NUM
cjfa-30366	61	4	)	)	PUNCT
cjfa-30366	61	5	suggested	suggest	VERB
cjfa-30366	61	6	that	that	SCONJ
cjfa-30366	61	7	call	call	NOUN
cjfa-30366	61	8	auctions	auction	NOUN
cjfa-30366	61	9	had	have	VERB
cjfa-30366	61	10	a	a	DET
cjfa-30366	61	11	negative	negative	ADJ
cjfa-30366	61	12	effect	effect	NOUN
cjfa-30366	61	13	on	on	ADP
cjfa-30366	61	14	vel	vel	PROPN
cjfa-30366	61	15	(	(	PUNCT
cjfa-30366	61	16	volatility	volatility	NOUN
cjfa-30366	61	17	,	,	PUNCT
cjfa-30366	61	18	efficiency	efficiency	NOUN
cjfa-30366	61	19	&	&	CCONJ
cjfa-30366	61	20	liquidity	liquidity	NOUN
cjfa-30366	61	21	)	)	PUNCT
cjfa-30366	61	22	in	in	ADP
cjfa-30366	61	23	nse	nse	NOUN
cjfa-30366	61	24	.	.	PUNCT
cjfa-30366	62	1	and	and	CCONJ
cjfa-30366	62	2	therefore	therefore	ADV
cjfa-30366	62	3	auctions	auction	NOUN
cjfa-30366	62	4	could	could	AUX
cjfa-30366	62	5	not	not	PART
cjfa-30366	62	6	be	be	AUX
cjfa-30366	62	7	confirmed	confirm	VERB
cjfa-30366	62	8	to	to	PART
cjfa-30366	62	9	reduce	reduce	VERB
cjfa-30366	62	10	nse	nse	NOUN
cjfa-30366	62	11	volatility	volatility	NOUN
cjfa-30366	62	12	.	.	PUNCT
cjfa-30366	63	1	meanwhile	meanwhile	ADV
cjfa-30366	63	2	,	,	PUNCT
cjfa-30366	63	3	across	across	ADP
cjfa-30366	63	4	the	the	DET
cjfa-30366	63	5	globe	globe	NOUN
cjfa-30366	63	6	,	,	PUNCT
cjfa-30366	63	7	the	the	DET
cjfa-30366	63	8	specific	specific	ADJ
cjfa-30366	63	9	literature	literature	NOUN
cjfa-30366	63	10	on	on	ADP
cjfa-30366	63	11	(	(	PUNCT
cjfa-30366	63	12	pin	pin	NOUN
cjfa-30366	63	13	)	)	PUNCT
cjfa-30366	63	14	probability	probability	NOUN
cjfa-30366	63	15	of	of	ADP
cjfa-30366	63	16	informed	informed	ADJ
cjfa-30366	63	17	trading	trading	NOUN
cjfa-30366	63	18	developed	develop	VERB
cjfa-30366	63	19	and	and	CCONJ
cjfa-30366	63	20	this	this	PRON
cjfa-30366	63	21	led	lead	VERB
cjfa-30366	63	22	to	to	ADP
cjfa-30366	63	23	further	further	ADJ
cjfa-30366	63	24	work	work	VERB
cjfa-30366	63	25	on	on	ADP
cjfa-30366	63	26	gauging	gauge	VERB
cjfa-30366	63	27	the	the	DET
cjfa-30366	63	28	ability	ability	NOUN
cjfa-30366	63	29	of	of	ADP
cjfa-30366	63	30	non	non	ADJ
cjfa-30366	63	31	-	-	ADJ
cjfa-30366	63	32	parametric	parametric	ADJ
cjfa-30366	63	33	indicators	indicator	NOUN
cjfa-30366	63	34	to	to	PART
cjfa-30366	63	35	foresee	foresee	VERB
cjfa-30366	63	36	market	market	NOUN
cjfa-30366	63	37	events	event	NOUN
cjfa-30366	63	38	.	.	PUNCT
cjfa-30366	64	1	informational	informational	ADJ
cjfa-30366	64	2	probability	probability	NOUN
cjfa-30366	64	3	measures	measure	NOUN
cjfa-30366	64	4	developed	develop	VERB
cjfa-30366	64	5	by	by	ADP
cjfa-30366	64	6	cao	cao	PROPN
cjfa-30366	64	7	,	,	PUNCT
cjfa-30366	64	8	ghysels	ghysel	NOUN
cjfa-30366	64	9	and	and	CCONJ
cjfa-30366	64	10	hatheway	hatheway	NOUN
cjfa-30366	64	11	(	(	PUNCT
cjfa-30366	64	12	2000	2000	NUM
cjfa-30366	64	13	)	)	PUNCT
cjfa-30366	64	14	and	and	CCONJ
cjfa-30366	64	15	tao	tao	PROPN
cjfa-30366	64	16	(	(	PUNCT
cjfa-30366	64	17	2011	2011	NUM
cjfa-30366	64	18	)	)	PUNCT
cjfa-30366	64	19	such	such	ADJ
cjfa-30366	64	20	as	as	ADP
cjfa-30366	64	21	the	the	DET
cjfa-30366	64	22	wqpc	wqpc	NOUN
cjfa-30366	64	23	(	(	PUNCT
cjfa-30366	64	24	weighted	weight	VERB
cjfa-30366	64	25	quoted	quote	VERB
cjfa-30366	64	26	price	price	NOUN
cjfa-30366	64	27	contribution	contribution	NOUN
cjfa-30366	64	28	)	)	PUNCT
cjfa-30366	64	29	were	be	AUX
cjfa-30366	64	30	applied	apply	VERB
cjfa-30366	64	31	to	to	PART
cjfa-30366	64	32	trace	trace	VERB
cjfa-30366	64	33	the	the	DET
cjfa-30366	64	34	changes	change	NOUN
cjfa-30366	64	35	to	to	PART
cjfa-30366	64	36	entropy	entropy	VERB
cjfa-30366	64	37	.	.	PUNCT
cjfa-30366	65	1	easley	easley	PROPN
cjfa-30366	65	2	et	et	PROPN
cjfa-30366	65	3	al	al	PROPN
cjfa-30366	65	4	.	.	PROPN
cjfa-30366	65	5	(	(	PUNCT
cjfa-30366	65	6	1996	1996	NUM
cjfa-30366	65	7	)	)	PUNCT
cjfa-30366	65	8	designed	design	VERB
cjfa-30366	65	9	(	(	PUNCT
cjfa-30366	65	10	vpin	vpin	ADJ
cjfa-30366	65	11	)	)	PUNCT
cjfa-30366	65	12	volume	volume	NOUN
cjfa-30366	65	13	probability	probability	NOUN
cjfa-30366	65	14	of	of	ADP
cjfa-30366	65	15	information	information	NOUN
cjfa-30366	65	16	trade	trade	NOUN
cjfa-30366	65	17	,	,	PUNCT
cjfa-30366	65	18	with	with	ADP
cjfa-30366	65	19	the	the	DET
cjfa-30366	65	20	sole	sole	ADJ
cjfa-30366	65	21	aim	aim	NOUN
cjfa-30366	65	22	to	to	PART
cjfa-30366	65	23	predict	predict	VERB
cjfa-30366	65	24	market	market	NOUN
cjfa-30366	65	25	crashes	crash	NOUN
cjfa-30366	65	26	.	.	PUNCT
cjfa-30366	66	1	later	later	ADV
cjfa-30366	66	2	,	,	PUNCT
cjfa-30366	66	3	few	few	ADJ
cjfa-30366	66	4	other	other	ADJ
cjfa-30366	66	5	works	work	NOUN
cjfa-30366	66	6	highlighted	highlight	VERB
cjfa-30366	66	7	pin	pin	NOUN
cjfa-30366	66	8	and	and	CCONJ
cjfa-30366	66	9	its	its	PRON
cjfa-30366	66	10	variations	variation	NOUN
cjfa-30366	66	11	to	to	ADP
cjfa-30366	66	12	many	many	ADJ
cjfa-30366	66	13	exchanges	exchange	NOUN
cjfa-30366	66	14	.	.	PUNCT
cjfa-30366	67	1	easley	easley	PROPN
cjfa-30366	67	2	,	,	PUNCT
cjfa-30366	67	3	de	de	PROPN
cjfa-30366	67	4	prado	prado	NOUN
cjfa-30366	67	5	and	and	CCONJ
cjfa-30366	67	6	o’hara	o’hara	NOUN
cjfa-30366	67	7	(	(	PUNCT
cjfa-30366	67	8	2012	2012	NUM
cjfa-30366	67	9	)	)	PUNCT
cjfa-30366	67	10	suggested	suggest	VERB
cjfa-30366	67	11	variable	variable	ADJ
cjfa-30366	67	12	probability	probability	NOUN
cjfa-30366	67	13	of	of	ADP
cjfa-30366	67	14	informed	informed	ADJ
cjfa-30366	67	15	trading	trading	NOUN
cjfa-30366	67	16	(	(	PUNCT
cjfa-30366	67	17	vpin	vpin	ADJ
cjfa-30366	67	18	)	)	PUNCT
cjfa-30366	67	19	that	that	PRON
cjfa-30366	67	20	could	could	AUX
cjfa-30366	67	21	detect	detect	VERB
cjfa-30366	67	22	order	order	NOUN
cjfa-30366	67	23	flow	flow	NOUN
cjfa-30366	67	24	imbalance	imbalance	NOUN
cjfa-30366	67	25	one	one	NUM
cjfa-30366	67	26	hour	hour	NOUN
cjfa-30366	67	27	prior	prior	ADV
cjfa-30366	67	28	to	to	ADP
cjfa-30366	67	29	a	a	DET
cjfa-30366	67	30	flash	flash	NOUN
cjfa-30366	67	31	crash	crash	NOUN
cjfa-30366	67	32	.	.	PUNCT
cjfa-30366	68	1	octavian	octavian	PROPN
cjfa-30366	68	2	cosmin	cosmin	PROPN
cjfa-30366	68	3	and	and	CCONJ
cjfa-30366	68	4	mihai	mihai	PROPN
cjfa-30366	68	5	filip	filip	PROPN
cjfa-30366	68	6	(	(	PUNCT
cjfa-30366	68	7	2016	2016	NUM
cjfa-30366	68	8	)	)	PUNCT
cjfa-30366	68	9	in	in	ADP
cjfa-30366	68	10	their	their	PRON
cjfa-30366	68	11	study	study	NOUN
cjfa-30366	68	12	of	of	ADP
cjfa-30366	68	13	the	the	DET
cjfa-30366	68	14	pin	pin	NOUN
cjfa-30366	68	15	,	,	PUNCT
cjfa-30366	68	16	for	for	ADP
cjfa-30366	68	17	the	the	DET
cjfa-30366	68	18	bucharest	buchar	ADJ
cjfa-30366	68	19	stock	stock	PROPN
cjfa-30366	68	20	exchange	exchange	PROPN
cjfa-30366	68	21	,	,	PUNCT
cjfa-30366	68	22	derived	derive	VERB
cjfa-30366	68	23	the	the	DET
cjfa-30366	68	24	set	set	NOUN
cjfa-30366	68	25	of	of	ADP
cjfa-30366	68	26	macroeconomic	macroeconomic	ADJ
cjfa-30366	68	27	drivers	driver	NOUN
cjfa-30366	68	28	for	for	ADP
cjfa-30366	68	29	the	the	DET
cjfa-30366	68	30	pin	pin	NOUN
cjfa-30366	68	31	.	.	PUNCT
cjfa-30366	69	1	cosmin	cosmin	PROPN
cjfa-30366	69	2	and	and	CCONJ
cjfa-30366	69	3	filip	filip	PROPN
cjfa-30366	69	4	(	(	PUNCT
cjfa-30366	69	5	2016	2016	NUM
cjfa-30366	69	6	)	)	PUNCT
cjfa-30366	69	7	determined	determine	VERB
cjfa-30366	69	8	that	that	SCONJ
cjfa-30366	69	9	the	the	DET
cjfa-30366	69	10	macro	macro	ADJ
cjfa-30366	69	11	indicators	indicator	NOUN
cjfa-30366	69	12	of	of	ADP
cjfa-30366	69	13	exchange	exchange	NOUN
cjfa-30366	69	14	rate	rate	NOUN
cjfa-30366	69	15	,	,	PUNCT
cjfa-30366	69	16	interest	interest	NOUN
cjfa-30366	69	17	rate	rate	NOUN
cjfa-30366	69	18	,	,	PUNCT
cjfa-30366	69	19	oil	oil	NOUN
cjfa-30366	69	20	price	price	NOUN
cjfa-30366	69	21	changes	change	NOUN
cjfa-30366	69	22	influenced	influence	VERB
cjfa-30366	69	23	the	the	DET
cjfa-30366	69	24	pin	pin	NOUN
cjfa-30366	69	25	in	in	ADP
cjfa-30366	69	26	hungary	hungary	PROPN
cjfa-30366	69	27	.	.	PUNCT
cjfa-30366	70	1	zheng	zheng	PROPN
cjfa-30366	70	2	(	(	PUNCT
cjfa-30366	70	3	2017	2017	NUM
cjfa-30366	70	4	)	)	PUNCT
cjfa-30366	70	5	,	,	PUNCT
cjfa-30366	70	6	in	in	ADP
cjfa-30366	70	7	a	a	DET
cjfa-30366	70	8	study	study	NOUN
cjfa-30366	70	9	of	of	ADP
cjfa-30366	70	10	china	china	PROPN
cjfa-30366	70	11	,	,	PUNCT
cjfa-30366	70	12	has	have	AUX
cjfa-30366	70	13	found	find	VERB
cjfa-30366	70	14	positive	positive	ADJ
cjfa-30366	70	15	results	result	NOUN
cjfa-30366	70	16	where	where	SCONJ
cjfa-30366	70	17	the	the	DET
cjfa-30366	70	18	vpin	vpin	NOUN
cjfa-30366	70	19	could	could	AUX
cjfa-30366	70	20	successfully	successfully	ADV
cjfa-30366	70	21	monitor	monitor	VERB
cjfa-30366	70	22	the	the	DET
cjfa-30366	70	23	pin	pin	NOUN
cjfa-30366	70	24	of	of	ADP
cjfa-30366	70	25	the	the	DET
cjfa-30366	70	26	indices	index	NOUN
cjfa-30366	70	27	of	of	ADP
cjfa-30366	70	28	ic	ic	PROPN
cjfa-30366	70	29	500	500	NUM
cjfa-30366	70	30	,	,	PUNCT
cjfa-30366	70	31	if	if	SCONJ
cjfa-30366	70	32	300	300	NUM
cjfa-30366	70	33	and	and	CCONJ
cjfa-30366	70	34	ih	ih	NOUN
cjfa-30366	70	35	50	50	NUM
cjfa-30366	70	36	,	,	PUNCT
cjfa-30366	70	37	and	and	CCONJ
cjfa-30366	70	38	it	it	PRON
cjfa-30366	70	39	provided	provide	VERB
cjfa-30366	70	40	a	a	DET
cjfa-30366	70	41	test	test	NOUN
cjfa-30366	70	42	of	of	ADP
cjfa-30366	70	43	early	early	ADJ
cjfa-30366	70	44	warning	warning	NOUN
cjfa-30366	70	45	against	against	ADP
cjfa-30366	70	46	the	the	DET
cjfa-30366	70	47	“	"	PUNCT
cjfa-30366	70	48	circuit	circuit	NOUN
cjfa-30366	70	49	-	-	PUNCT
cjfa-30366	70	50	breaker	breaker	NOUN
cjfa-30366	70	51	”	"	PUNCT
cjfa-30366	70	52	.	.	PUNCT
cjfa-30366	71	1	abad	abad	PROPN
cjfa-30366	71	2	,	,	PUNCT
cjfa-30366	71	3	massot	massot	NOUN
cjfa-30366	71	4	and	and	CCONJ
cjfa-30366	71	5	pascual	pascual	ADJ
cjfa-30366	71	6	(	(	PUNCT
cjfa-30366	71	7	2018	2018	NUM
cjfa-30366	71	8	)	)	PUNCT
cjfa-30366	71	9	have	have	AUX
cjfa-30366	71	10	found	find	VERB
cjfa-30366	71	11	the	the	DET
cjfa-30366	71	12	major	major	ADJ
cjfa-30366	71	13	limitations	limitation	NOUN
cjfa-30366	71	14	of	of	ADP
cjfa-30366	71	15	vipn	vipn	NOUN
cjfa-30366	71	16	in	in	ADP
cjfa-30366	71	17	the	the	DET
cjfa-30366	71	18	form	form	NOUN
cjfa-30366	71	19	of	of	ADP
cjfa-30366	71	20	its	its	PRON
cjfa-30366	71	21	poor	poor	ADJ
cjfa-30366	71	22	signalling	signal	VERB
cjfa-30366	71	23	ability	ability	NOUN
cjfa-30366	71	24	of	of	ADP
cjfa-30366	71	25	abnormal	abnormal	ADJ
cjfa-30366	71	26	illiquidity	illiquidity	NOUN
cjfa-30366	71	27	,	,	PUNCT
cjfa-30366	71	28	or	or	CCONJ
cjfa-30366	71	29	to	to	PART
cjfa-30366	71	30	foresee	foresee	VERB
cjfa-30366	71	31	toxic	toxic	ADJ
cjfa-30366	71	32	outcomes	outcome	NOUN
cjfa-30366	71	33	.	.	PUNCT
cjfa-30366	72	1	vpin	vpin	ADJ
cjfa-30366	72	2	based	base	VERB
cjfa-30366	72	3	market	market	NOUN
cjfa-30366	72	4	decisions	decision	NOUN
cjfa-30366	72	5	could	could	AUX
cjfa-30366	72	6	not	not	PART
cjfa-30366	72	7	do	do	VERB
cjfa-30366	72	8	better	well	ADJ
cjfa-30366	72	9	than	than	ADP
cjfa-30366	72	10	the	the	DET
cjfa-30366	72	11	ordinary	ordinary	ADJ
cjfa-30366	72	12	limit	limit	NOUN
cjfa-30366	72	13	order	order	NOUN
cjfa-30366	72	14	transactions	transaction	NOUN
cjfa-30366	72	15	.	.	PUNCT
cjfa-30366	73	1	to	to	PART
cjfa-30366	73	2	summarize	summarize	VERB
cjfa-30366	73	3	,	,	PUNCT
cjfa-30366	73	4	the	the	DET
cjfa-30366	73	5	imbalance	imbalance	NOUN
cjfa-30366	73	6	in	in	ADP
cjfa-30366	73	7	the	the	DET
cjfa-30366	73	8	market	market	NOUN
cjfa-30366	73	9	is	be	AUX
cjfa-30366	73	10	denoted	denote	VERB
cjfa-30366	73	11	as	as	ADP
cjfa-30366	73	12	the	the	DET
cjfa-30366	73	13	equivalence	equivalence	NOUN
cjfa-30366	73	14	of	of	ADP
cjfa-30366	73	15	probability	probability	NOUN
cjfa-30366	73	16	of	of	ADP
cjfa-30366	73	17	information	information	NOUN
cjfa-30366	73	18	trading	trading	NOUN
cjfa-30366	73	19	(	(	PUNCT
cjfa-30366	73	20	pin	pin	NOUN
cjfa-30366	73	21	)	)	PUNCT
cjfa-30366	73	22	.	.	PUNCT
cjfa-30366	74	1	thus	thus	ADV
cjfa-30366	74	2	,	,	PUNCT
cjfa-30366	74	3	vpin	vpin	ADJ
cjfa-30366	74	4	method	method	NOUN
cjfa-30366	74	5	is	be	AUX
cjfa-30366	74	6	to	to	PART
cjfa-30366	74	7	apprehend	apprehend	VERB
cjfa-30366	74	8	information	information	NOUN
cjfa-30366	74	9	content	content	NOUN
cjfa-30366	74	10	of	of	ADP
cjfa-30366	74	11	stocks	stock	NOUN
cjfa-30366	74	12	in	in	ADP
cjfa-30366	74	13	call	call	NOUN
cjfa-30366	74	14	auction	auction	NOUN
cjfa-30366	74	15	…	…	PUNCT
cjfa-30366	74	16	117	117	NUM
cjfa-30366	74	17	the	the	DET
cjfa-30366	74	18	source	source	NOUN
cjfa-30366	74	19	of	of	ADP
cjfa-30366	74	20	volatility	volatility	NOUN
cjfa-30366	74	21	or	or	CCONJ
cjfa-30366	74	22	the	the	DET
cjfa-30366	74	23	order	order	NOUN
cjfa-30366	74	24	flow	flow	NOUN
cjfa-30366	74	25	process	process	NOUN
cjfa-30366	74	26	.	.	PUNCT
cjfa-30366	75	1	this	this	PRON
cjfa-30366	75	2	means	mean	VERB
cjfa-30366	75	3	the	the	DET
cjfa-30366	75	4	imbalance	imbalance	NOUN
cjfa-30366	75	5	is	be	AUX
cjfa-30366	75	6	a	a	DET
cjfa-30366	75	7	result	result	NOUN
cjfa-30366	75	8	of	of	ADP
cjfa-30366	75	9	a	a	DET
cjfa-30366	75	10	disproportionate	disproportionate	ADJ
cjfa-30366	75	11	number	number	NOUN
cjfa-30366	75	12	of	of	ADP
cjfa-30366	75	13	buy	buy	NOUN
cjfa-30366	75	14	trades	trade	NOUN
cjfa-30366	75	15	versus	versus	ADP
cjfa-30366	75	16	sell	sell	NOUN
cjfa-30366	75	17	trades	trade	NOUN
cjfa-30366	75	18	,	,	PUNCT
cjfa-30366	75	19	where	where	SCONJ
cjfa-30366	75	20	the	the	DET
cjfa-30366	75	21	sale	sale	NOUN
cjfa-30366	75	22	trades	trade	NOUN
cjfa-30366	75	23	are	be	AUX
cjfa-30366	75	24	more	more	ADV
cjfa-30366	75	25	in	in	ADP
cjfa-30366	75	26	number	number	NOUN
cjfa-30366	75	27	.	.	PUNCT
cjfa-30366	76	1	the	the	DET
cjfa-30366	76	2	root	root	NOUN
cjfa-30366	76	3	cause	cause	NOUN
cjfa-30366	76	4	of	of	ADP
cjfa-30366	76	5	rise	rise	NOUN
cjfa-30366	76	6	or	or	CCONJ
cjfa-30366	76	7	fall	fall	VERB
cjfa-30366	76	8	in	in	ADP
cjfa-30366	76	9	vpin	vpin	PROPN
cjfa-30366	76	10	is	be	AUX
cjfa-30366	76	11	the	the	DET
cjfa-30366	76	12	order	order	NOUN
cjfa-30366	76	13	flow	flow	NOUN
cjfa-30366	76	14	pattern	pattern	NOUN
cjfa-30366	76	15	occurring	occur	VERB
cjfa-30366	76	16	during	during	ADP
cjfa-30366	76	17	the	the	DET
cjfa-30366	76	18	auction	auction	NOUN
cjfa-30366	76	19	.	.	PUNCT
cjfa-30366	77	1	the	the	DET
cjfa-30366	77	2	order	order	NOUN
cjfa-30366	77	3	flow	flow	NOUN
cjfa-30366	77	4	in	in	ADP
cjfa-30366	77	5	an	an	DET
cjfa-30366	77	6	auction	auction	NOUN
cjfa-30366	77	7	is	be	AUX
cjfa-30366	77	8	composed	compose	VERB
cjfa-30366	77	9	by	by	ADP
cjfa-30366	77	10	a	a	DET
cjfa-30366	77	11	sequence	sequence	NOUN
cjfa-30366	77	12	of	of	ADP
cjfa-30366	77	13	limit	limit	NOUN
cjfa-30366	77	14	orders	order	NOUN
cjfa-30366	77	15	and	and	CCONJ
cjfa-30366	77	16	market	market	NOUN
cjfa-30366	77	17	orders	order	NOUN
cjfa-30366	77	18	that	that	PRON
cjfa-30366	77	19	can	can	AUX
cjfa-30366	77	20	be	be	AUX
cjfa-30366	77	21	modified	modify	VERB
cjfa-30366	77	22	or	or	CCONJ
cjfa-30366	77	23	cancelled	cancel	VERB
cjfa-30366	77	24	.	.	PUNCT
cjfa-30366	78	1	the	the	DET
cjfa-30366	78	2	arrival	arrival	NOUN
cjfa-30366	78	3	of	of	ADP
cjfa-30366	78	4	newer	new	ADJ
cjfa-30366	78	5	information	information	NOUN
cjfa-30366	78	6	generates	generate	VERB
cjfa-30366	78	7	orders	order	NOUN
cjfa-30366	78	8	,	,	PUNCT
cjfa-30366	78	9	signals	signal	VERB
cjfa-30366	78	10	other	other	ADJ
cjfa-30366	78	11	agents	agent	NOUN
cjfa-30366	78	12	to	to	PART
cjfa-30366	78	13	update	update	VERB
cjfa-30366	78	14	their	their	PRON
cjfa-30366	78	15	orders	order	NOUN
cjfa-30366	78	16	and	and	CCONJ
cjfa-30366	78	17	causes	cause	VERB
cjfa-30366	78	18	change	change	NOUN
cjfa-30366	78	19	in	in	ADP
cjfa-30366	78	20	price	price	NOUN
cjfa-30366	78	21	.	.	PUNCT
cjfa-30366	79	1	if	if	SCONJ
cjfa-30366	79	2	an	an	DET
cjfa-30366	79	3	order	order	NOUN
cjfa-30366	79	4	flow	flow	NOUN
cjfa-30366	79	5	process	process	NOUN
cjfa-30366	79	6	is	be	AUX
cjfa-30366	79	7	completely	completely	ADV
cjfa-30366	79	8	random	random	ADJ
cjfa-30366	79	9	,	,	PUNCT
cjfa-30366	79	10	an	an	DET
cjfa-30366	79	11	incremental	incremental	ADJ
cjfa-30366	79	12	buy	buy	NOUN
cjfa-30366	79	13	order	order	NOUN
cjfa-30366	79	14	will	will	AUX
cjfa-30366	79	15	move	move	VERB
cjfa-30366	79	16	up	up	ADP
cjfa-30366	79	17	average	average	ADJ
cjfa-30366	79	18	prices	price	NOUN
cjfa-30366	79	19	.	.	PUNCT
cjfa-30366	80	1	hasbrouck	hasbrouck	NOUN
cjfa-30366	80	2	(	(	PUNCT
cjfa-30366	80	3	2002	2002	NUM
cjfa-30366	80	4	)	)	PUNCT
cjfa-30366	80	5	had	have	AUX
cjfa-30366	80	6	demonstrated	demonstrate	VERB
cjfa-30366	80	7	that	that	SCONJ
cjfa-30366	80	8	the	the	DET
cjfa-30366	80	9	volatility	volatility	NOUN
cjfa-30366	80	10	at	at	ADP
cjfa-30366	80	11	market	market	NOUN
cjfa-30366	80	12	open	open	ADJ
cjfa-30366	80	13	is	be	AUX
cjfa-30366	80	14	ordinarily	ordinarily	ADV
cjfa-30366	80	15	driven	drive	VERB
cjfa-30366	80	16	by	by	ADP
cjfa-30366	80	17	higher	high	ADJ
cjfa-30366	80	18	flow	flow	NOUN
cjfa-30366	80	19	of	of	ADP
cjfa-30366	80	20	public	public	ADJ
cjfa-30366	80	21	information	information	NOUN
cjfa-30366	80	22	.	.	PUNCT
cjfa-30366	81	1	so	so	ADV
cjfa-30366	81	2	long	long	ADV
cjfa-30366	81	3	as	as	SCONJ
cjfa-30366	81	4	the	the	DET
cjfa-30366	81	5	players	player	NOUN
cjfa-30366	81	6	perceive	perceive	VERB
cjfa-30366	81	7	that	that	SCONJ
cjfa-30366	81	8	the	the	DET
cjfa-30366	81	9	equilibrium	equilibrium	NOUN
cjfa-30366	81	10	price	price	NOUN
cjfa-30366	81	11	accurately	accurately	ADV
cjfa-30366	81	12	reflects	reflect	VERB
cjfa-30366	81	13	the	the	DET
cjfa-30366	81	14	fair	fair	ADJ
cjfa-30366	81	15	price	price	NOUN
cjfa-30366	81	16	,	,	PUNCT
cjfa-30366	81	17	they	they	PRON
cjfa-30366	81	18	react	react	VERB
cjfa-30366	81	19	rationally	rationally	ADV
cjfa-30366	81	20	.	.	PUNCT
cjfa-30366	82	1	the	the	DET
cjfa-30366	82	2	attempts	attempt	NOUN
cjfa-30366	82	3	of	of	ADP
cjfa-30366	82	4	bidder	bidder	NOUN
cjfa-30366	82	5	to	to	PART
cjfa-30366	82	6	modify	modify	VERB
cjfa-30366	82	7	orders	order	NOUN
cjfa-30366	82	8	,	,	PUNCT
cjfa-30366	82	9	cancelling	cancel	VERB
cjfa-30366	82	10	an	an	DET
cjfa-30366	82	11	order	order	NOUN
cjfa-30366	82	12	after	after	ADP
cjfa-30366	82	13	entry	entry	NOUN
cjfa-30366	82	14	,	,	PUNCT
cjfa-30366	82	15	or	or	CCONJ
cjfa-30366	82	16	,	,	PUNCT
cjfa-30366	82	17	for	for	ADP
cjfa-30366	82	18	example	example	NOUN
cjfa-30366	82	19	,	,	PUNCT
cjfa-30366	82	20	large	large	ADJ
cjfa-30366	82	21	buy	buy	NOUN
cjfa-30366	82	22	orders	order	NOUN
cjfa-30366	82	23	against	against	ADP
cjfa-30366	82	24	small	small	ADJ
cjfa-30366	82	25	sell	sell	NOUN
cjfa-30366	82	26	orders	order	NOUN
cjfa-30366	82	27	,	,	PUNCT
cjfa-30366	82	28	etc	etc	X
cjfa-30366	82	29	.	.	X
cjfa-30366	82	30	,	,	PUNCT
cjfa-30366	82	31	are	be	AUX
cjfa-30366	82	32	the	the	DET
cjfa-30366	82	33	portrayal	portrayal	NOUN
cjfa-30366	82	34	of	of	ADP
cjfa-30366	82	35	irrational	irrational	ADJ
cjfa-30366	82	36	behaviour	behaviour	NOUN
cjfa-30366	82	37	by	by	ADP
cjfa-30366	82	38	members	member	NOUN
cjfa-30366	82	39	,	,	PUNCT
cjfa-30366	82	40	which	which	PRON
cjfa-30366	82	41	aggravates	aggravate	VERB
cjfa-30366	82	42	the	the	DET
cjfa-30366	82	43	order	order	NOUN
cjfa-30366	82	44	imbalance	imbalance	NOUN
cjfa-30366	82	45	.	.	PUNCT
cjfa-30366	83	1	hence	hence	ADV
cjfa-30366	83	2	,	,	PUNCT
cjfa-30366	83	3	players	player	NOUN
cjfa-30366	83	4	may	may	AUX
cjfa-30366	83	5	perceive	perceive	VERB
cjfa-30366	83	6	the	the	DET
cjfa-30366	83	7	prices	price	NOUN
cjfa-30366	83	8	as	as	ADP
cjfa-30366	83	9	unnatural	unnatural	ADJ
cjfa-30366	83	10	because	because	SCONJ
cjfa-30366	83	11	of	of	ADP
cjfa-30366	83	12	imbalance	imbalance	NOUN
cjfa-30366	83	13	in	in	ADP
cjfa-30366	83	14	inventory	inventory	NOUN
cjfa-30366	83	15	and	and	CCONJ
cjfa-30366	83	16	may	may	AUX
cjfa-30366	83	17	overreact	overreact	VERB
cjfa-30366	83	18	that	that	PRON
cjfa-30366	83	19	causes	cause	VERB
cjfa-30366	83	20	volatility	volatility	NOUN
cjfa-30366	83	21	.	.	PUNCT
cjfa-30366	84	1	order	order	NOUN
cjfa-30366	84	2	imbalance	imbalance	NOUN
cjfa-30366	84	3	is	be	AUX
cjfa-30366	84	4	a	a	DET
cjfa-30366	84	5	classic	classic	ADJ
cjfa-30366	84	6	case	case	NOUN
cjfa-30366	84	7	of	of	ADP
cjfa-30366	84	8	a	a	DET
cjfa-30366	84	9	surplus	surplus	NOUN
cjfa-30366	84	10	of	of	ADP
cjfa-30366	84	11	buy	buy	ADJ
cjfa-30366	84	12	orders	order	NOUN
cjfa-30366	84	13	than	than	SCONJ
cjfa-30366	84	14	sell	sell	VERB
cjfa-30366	84	15	orders	order	NOUN
cjfa-30366	84	16	for	for	ADP
cjfa-30366	84	17	any	any	DET
cjfa-30366	84	18	given	give	VERB
cjfa-30366	84	19	security	security	NOUN
cjfa-30366	84	20	.	.	PUNCT
cjfa-30366	85	1	there	there	PRON
cjfa-30366	85	2	are	be	VERB
cjfa-30366	85	3	many	many	ADJ
cjfa-30366	85	4	instances	instance	NOUN
cjfa-30366	85	5	when	when	SCONJ
cjfa-30366	85	6	the	the	DET
cjfa-30366	85	7	peak	peak	NOUN
cjfa-30366	85	8	order	order	NOUN
cjfa-30366	85	9	imbalance	imbalance	NOUN
cjfa-30366	85	10	has	have	AUX
cjfa-30366	85	11	made	make	VERB
cjfa-30366	85	12	exchange	exchange	NOUN
cjfa-30366	85	13	managers	manager	NOUN
cjfa-30366	85	14	to	to	PART
cjfa-30366	85	15	suspend	suspend	VERB
cjfa-30366	85	16	and	and	CCONJ
cjfa-30366	85	17	halt	halt	VERB
cjfa-30366	85	18	trading	trading	NOUN
cjfa-30366	85	19	.	.	PUNCT
cjfa-30366	86	1	the	the	DET
cjfa-30366	86	2	smaller	small	ADJ
cjfa-30366	86	3	stocks	stock	NOUN
cjfa-30366	86	4	or	or	CCONJ
cjfa-30366	86	5	illiquid	illiquid	ADJ
cjfa-30366	86	6	stocks	stock	NOUN
cjfa-30366	86	7	may	may	AUX
cjfa-30366	86	8	make	make	VERB
cjfa-30366	86	9	imbalances	imbalance	NOUN
cjfa-30366	86	10	to	to	PART
cjfa-30366	86	11	persist	persist	VERB
cjfa-30366	86	12	longer	long	ADV
cjfa-30366	86	13	which	which	PRON
cjfa-30366	86	14	could	could	AUX
cjfa-30366	86	15	be	be	AUX
cjfa-30366	86	16	due	due	ADJ
cjfa-30366	86	17	to	to	ADP
cjfa-30366	86	18	inventory	inventory	NOUN
cjfa-30366	86	19	issues	issue	NOUN
cjfa-30366	86	20	.	.	PUNCT
cjfa-30366	87	1	most	most	ADJ
cjfa-30366	87	2	order	order	NOUN
cjfa-30366	87	3	imbalances	imbalance	NOUN
cjfa-30366	87	4	are	be	AUX
cjfa-30366	87	5	shortlived	shortlive	VERB
cjfa-30366	87	6	.	.	PUNCT
cjfa-30366	88	1	limit	limit	NOUN
cjfa-30366	88	2	orders	order	NOUN
cjfa-30366	88	3	can	can	AUX
cjfa-30366	88	4	provide	provide	VERB
cjfa-30366	88	5	temporary	temporary	ADJ
cjfa-30366	88	6	protection	protection	NOUN
cjfa-30366	88	7	against	against	ADP
cjfa-30366	88	8	price	price	NOUN
cjfa-30366	88	9	changes	change	NOUN
cjfa-30366	88	10	from	from	ADP
cjfa-30366	88	11	order	order	NOUN
cjfa-30366	88	12	imbalances	imbalance	NOUN
cjfa-30366	88	13	in	in	ADP
cjfa-30366	88	14	the	the	DET
cjfa-30366	88	15	pre	pre	ADJ
cjfa-30366	88	16	-	-	ADJ
cjfa-30366	88	17	opening	opening	ADJ
cjfa-30366	88	18	session	session	NOUN
cjfa-30366	88	19	.	.	PUNCT
cjfa-30366	89	1	objectives	objective	NOUN
cjfa-30366	89	2	and	and	CCONJ
cjfa-30366	89	3	hypothesis	hypothesis	VERB
cjfa-30366	89	4	the	the	DET
cjfa-30366	89	5	objectives	objective	NOUN
cjfa-30366	89	6	of	of	ADP
cjfa-30366	89	7	the	the	DET
cjfa-30366	89	8	study	study	NOUN
cjfa-30366	89	9	are	be	AUX
cjfa-30366	89	10	to	to	PART
cjfa-30366	89	11	examine	examine	VERB
cjfa-30366	89	12	the	the	DET
cjfa-30366	89	13	order	order	NOUN
cjfa-30366	89	14	generation	generation	NOUN
cjfa-30366	89	15	as	as	ADP
cjfa-30366	89	16	market	market	NOUN
cjfa-30366	89	17	depth	depth	NOUN
cjfa-30366	89	18	,	,	PUNCT
cjfa-30366	89	19	during	during	ADP
cjfa-30366	89	20	auction	auction	NOUN
cjfa-30366	89	21	and	and	CCONJ
cjfa-30366	89	22	measuring	measure	VERB
cjfa-30366	89	23	the	the	DET
cjfa-30366	89	24	changes	change	NOUN
cjfa-30366	89	25	to	to	ADP
cjfa-30366	89	26	information	information	NOUN
cjfa-30366	89	27	content	content	NOUN
cjfa-30366	89	28	of	of	ADP
cjfa-30366	89	29	the	the	DET
cjfa-30366	89	30	call	call	NOUN
cjfa-30366	89	31	auction	auction	NOUN
cjfa-30366	89	32	,	,	PUNCT
cjfa-30366	89	33	and	and	CCONJ
cjfa-30366	89	34	arriving	arrive	VERB
cjfa-30366	89	35	at	at	ADP
cjfa-30366	89	36	the	the	DET
cjfa-30366	89	37	influence	influence	NOUN
cjfa-30366	89	38	on	on	ADP
cjfa-30366	89	39	the	the	DET
cjfa-30366	89	40	intraday	intraday	NOUN
cjfa-30366	89	41	volatility	volatility	NOUN
cjfa-30366	89	42	.	.	PUNCT
cjfa-30366	90	1	we	we	PRON
cjfa-30366	90	2	find	find	VERB
cjfa-30366	90	3	whether	whether	SCONJ
cjfa-30366	90	4	volatility	volatility	NOUN
cjfa-30366	90	5	could	could	AUX
cjfa-30366	90	6	be	be	AUX
cjfa-30366	90	7	a	a	DET
cjfa-30366	90	8	cause	cause	NOUN
cjfa-30366	90	9	of	of	ADP
cjfa-30366	90	10	order	order	NOUN
cjfa-30366	90	11	imbalance	imbalance	NOUN
cjfa-30366	90	12	and	and	CCONJ
cjfa-30366	90	13	poor	poor	ADJ
cjfa-30366	90	14	information	information	NOUN
cjfa-30366	90	15	content	content	NOUN
cjfa-30366	90	16	.	.	PUNCT
cjfa-30366	91	1	we	we	PRON
cjfa-30366	91	2	formulate	formulate	VERB
cjfa-30366	91	3	the	the	DET
cjfa-30366	91	4	following	follow	VERB
cjfa-30366	91	5	hypothesis	hypothesis	NOUN
cjfa-30366	91	6	to	to	PART
cjfa-30366	91	7	explore	explore	VERB
cjfa-30366	91	8	the	the	DET
cjfa-30366	91	9	importance	importance	NOUN
cjfa-30366	91	10	of	of	ADP
cjfa-30366	91	11	order	order	NOUN
cjfa-30366	91	12	flow	flow	NOUN
cjfa-30366	91	13	generation	generation	NOUN
cjfa-30366	91	14	;	;	PUNCT
cjfa-30366	91	15	hypothesis	hypothesis	NOUN
cjfa-30366	91	16	1	1	NUM
cjfa-30366	91	17	:	:	PUNCT
cjfa-30366	91	18	information	information	NOUN
cjfa-30366	91	19	content	content	NOUN
cjfa-30366	91	20	of	of	ADP
cjfa-30366	91	21	pre	pre	ADJ
cjfa-30366	91	22	opening	opening	NOUN
cjfa-30366	91	23	auction	auction	NOUN
cjfa-30366	91	24	impacts	impact	VERB
cjfa-30366	91	25	the	the	DET
cjfa-30366	91	26	market	market	NOUN
cjfa-30366	91	27	.	.	PUNCT
cjfa-30366	92	1	1.1	1.1	NUM
cjfa-30366	92	2	.	.	PUNCT
cjfa-30366	93	1	the	the	DET
cjfa-30366	93	2	information	information	NOUN
cjfa-30366	93	3	content	content	NOUN
cjfa-30366	93	4	for	for	ADP
cjfa-30366	93	5	each	each	DET
cjfa-30366	93	6	stock	stock	NOUN
cjfa-30366	93	7	is	be	AUX
cjfa-30366	93	8	impacted	impact	VERB
cjfa-30366	93	9	during	during	ADP
cjfa-30366	93	10	auction	auction	NOUN
cjfa-30366	93	11	.	.	PUNCT
cjfa-30366	94	1	1.2	1.2	NUM
cjfa-30366	94	2	.	.	PUNCT
cjfa-30366	94	3	information	information	NOUN
cjfa-30366	94	4	content	content	NOUN
cjfa-30366	94	5	is	be	AUX
cjfa-30366	94	6	impacted	impact	VERB
cjfa-30366	94	7	by	by	ADP
cjfa-30366	94	8	volatility	volatility	NOUN
cjfa-30366	94	9	in	in	ADP
cjfa-30366	94	10	the	the	DET
cjfa-30366	94	11	futures	future	NOUN
cjfa-30366	94	12	segment	segment	NOUN
cjfa-30366	94	13	market	market	NOUN
cjfa-30366	94	14	.	.	PUNCT
cjfa-30366	95	1	dinabandhu	dinabandhu	PROPN
cjfa-30366	95	2	bag118	bag118	PROPN
cjfa-30366	95	3	hypothesis	hypothesis	NOUN
cjfa-30366	95	4	2	2	NUM
cjfa-30366	95	5	:	:	PUNCT
cjfa-30366	95	6	intraday	intraday	NOUN
cjfa-30366	95	7	volatility	volatility	NOUN
cjfa-30366	95	8	of	of	ADP
cjfa-30366	95	9	normal	normal	ADJ
cjfa-30366	95	10	markets	market	NOUN
cjfa-30366	95	11	is	be	AUX
cjfa-30366	95	12	higher	high	ADJ
cjfa-30366	95	13	2.1	2.1	NUM
cjfa-30366	95	14	.	.	PUNCT
cjfa-30366	96	1	intraday	intraday	NOUN
cjfa-30366	96	2	volatility	volatility	NOUN
cjfa-30366	96	3	is	be	AUX
cjfa-30366	96	4	higher	high	ADJ
cjfa-30366	96	5	in	in	ADP
cjfa-30366	96	6	the	the	DET
cjfa-30366	96	7	opening	opening	NOUN
cjfa-30366	96	8	hours	hour	NOUN
cjfa-30366	96	9	.	.	PUNCT
cjfa-30366	97	1	2.2	2.2	NUM
cjfa-30366	97	2	.	.	PUNCT
cjfa-30366	98	1	auction	auction	NOUN
cjfa-30366	98	2	volume	volume	NOUN
cjfa-30366	98	3	impacts	impact	VERB
cjfa-30366	98	4	volatility	volatility	NOUN
cjfa-30366	98	5	.	.	PUNCT
cjfa-30366	99	1	sample	sample	NOUN
cjfa-30366	99	2	and	and	CCONJ
cjfa-30366	99	3	data	datum	NOUN
cjfa-30366	99	4	data	datum	NOUN
cjfa-30366	99	5	the	the	DET
cjfa-30366	99	6	nse	nse	NOUN
cjfa-30366	99	7	data	datum	NOUN
cjfa-30366	99	8	includes	include	VERB
cjfa-30366	99	9	daily	daily	ADV
cjfa-30366	99	10	traded	trade	VERB
cjfa-30366	99	11	data	datum	NOUN
cjfa-30366	99	12	from	from	ADP
cjfa-30366	99	13	pre	pre	ADJ
cjfa-30366	99	14	-	-	ADJ
cjfa-30366	99	15	opening	opening	ADJ
cjfa-30366	99	16	sessions	session	NOUN
cjfa-30366	99	17	.	.	PUNCT
cjfa-30366	100	1	pre	pre	ADJ
cjfa-30366	100	2	-	-	ADJ
cjfa-30366	100	3	opening	opening	ADJ
cjfa-30366	100	4	data	datum	NOUN
cjfa-30366	100	5	includes	include	VERB
cjfa-30366	100	6	both	both	PRON
cjfa-30366	100	7	limit	limit	VERB
cjfa-30366	100	8	price	price	NOUN
cjfa-30366	100	9	orders	order	NOUN
cjfa-30366	100	10	&	&	CCONJ
cjfa-30366	100	11	market	market	NOUN
cjfa-30366	100	12	orders	order	NOUN
cjfa-30366	100	13	.	.	PUNCT
cjfa-30366	101	1	it	it	PRON
cjfa-30366	101	2	also	also	ADV
cjfa-30366	101	3	includes	include	VERB
cjfa-30366	101	4	normal	normal	ADJ
cjfa-30366	101	5	trade	trade	NOUN
cjfa-30366	101	6	data	datum	NOUN
cjfa-30366	101	7	for	for	ADP
cjfa-30366	101	8	the	the	DET
cjfa-30366	101	9	same	same	ADJ
cjfa-30366	101	10	days	day	NOUN
cjfa-30366	101	11	of	of	ADP
cjfa-30366	101	12	pre	pre	ADJ
cjfa-30366	101	13	-	-	ADJ
cjfa-30366	101	14	market	market	ADJ
cjfa-30366	101	15	auction	auction	NOUN
cjfa-30366	101	16	samples	sample	NOUN
cjfa-30366	101	17	of	of	ADP
cjfa-30366	101	18	stocks	stock	NOUN
cjfa-30366	101	19	.	.	PUNCT
cjfa-30366	102	1	the	the	DET
cjfa-30366	102	2	data	datum	NOUN
cjfa-30366	102	3	had	have	AUX
cjfa-30366	102	4	been	be	AUX
cjfa-30366	102	5	collected	collect	VERB
cjfa-30366	102	6	in	in	ADP
cjfa-30366	102	7	2013	2013	NUM
cjfa-30366	102	8	.	.	PUNCT
cjfa-30366	103	1	table	table	NOUN
cjfa-30366	103	2	1	1	NUM
cjfa-30366	103	3	describes	describe	VERB
cjfa-30366	103	4	the	the	DET
cjfa-30366	103	5	sample	sample	NOUN
cjfa-30366	103	6	observation	observation	NOUN
cjfa-30366	103	7	window	window	NOUN
cjfa-30366	103	8	.	.	PUNCT
cjfa-30366	104	1	table	table	NOUN
cjfa-30366	104	2	1	1	NUM
cjfa-30366	104	3	.	.	PUNCT
cjfa-30366	104	4	sampling	sample	VERB
cjfa-30366	104	5	design	design	NOUN
cjfa-30366	104	6	type	type	NOUN
cjfa-30366	104	7	number	number	NOUN
cjfa-30366	104	8	of	of	ADP
cjfa-30366	104	9	stocks	stock	NOUN
cjfa-30366	104	10	months	month	NOUN
cjfa-30366	104	11	pre	pre	ADJ
cjfa-30366	104	12	-	-	NOUN
cjfa-30366	104	13	market	market	ADJ
cjfa-30366	104	14	104	104	NUM
cjfa-30366	104	15	april	april	NOUN
cjfa-30366	104	16	to	to	ADP
cjfa-30366	104	17	september	september	PROPN
cjfa-30366	104	18	normal	normal	ADJ
cjfa-30366	104	19	trades	trade	NOUN
cjfa-30366	104	20	104	104	NUM
cjfa-30366	104	21	april	april	PROPN
cjfa-30366	104	22	to	to	ADP
cjfa-30366	104	23	september	september	PROPN
cjfa-30366	104	24	n	n	NUM
cjfa-30366	104	25	o	o	NOUN
cjfa-30366	104	26	t	t	NOUN
cjfa-30366	104	27	e	e	NOUN
cjfa-30366	104	28	:	:	PUNCT
cjfa-30366	104	29	the	the	DET
cjfa-30366	104	30	sample	sample	NOUN
cjfa-30366	104	31	included	include	VERB
cjfa-30366	104	32	all	all	DET
cjfa-30366	104	33	104	104	NUM
cjfa-30366	104	34	stocks	stock	NOUN
cjfa-30366	104	35	traded	trade	VERB
cjfa-30366	104	36	on	on	ADP
cjfa-30366	104	37	all	all	DET
cjfa-30366	104	38	days	day	NOUN
cjfa-30366	104	39	in	in	ADP
cjfa-30366	104	40	the	the	DET
cjfa-30366	104	41	pre	pre	ADJ
cjfa-30366	104	42	-	-	ADJ
cjfa-30366	104	43	market	market	ADJ
cjfa-30366	104	44	session	session	NOUN
cjfa-30366	104	45	.	.	PUNCT
cjfa-30366	105	1	the	the	DET
cjfa-30366	105	2	normal	normal	ADJ
cjfa-30366	105	3	trade	trade	NOUN
cjfa-30366	105	4	data	datum	NOUN
cjfa-30366	105	5	for	for	ADP
cjfa-30366	105	6	the	the	DET
cjfa-30366	105	7	104	104	NUM
cjfa-30366	105	8	stocks	stock	NOUN
cjfa-30366	105	9	were	be	AUX
cjfa-30366	105	10	collected	collect	VERB
cjfa-30366	105	11	for	for	ADP
cjfa-30366	105	12	a	a	DET
cjfa-30366	105	13	6	6	NUM
cjfa-30366	105	14	months	month	NOUN
cjfa-30366	105	15	period	period	NOUN
cjfa-30366	105	16	from	from	ADP
cjfa-30366	105	17	april	april	PROPN
cjfa-30366	105	18	to	to	ADP
cjfa-30366	105	19	september	september	PROPN
cjfa-30366	105	20	.	.	PUNCT
cjfa-30366	106	1	s	s	PART
cjfa-30366	106	2	o	o	X
cjfa-30366	106	3	u	u	NOUN
cjfa-30366	106	4	r	r	NOUN
cjfa-30366	106	5	c	c	NOUN
cjfa-30366	106	6	e	e	NOUN
cjfa-30366	106	7	:	:	PUNCT
cjfa-30366	106	8	national	national	ADJ
cjfa-30366	106	9	stock	stock	PROPN
cjfa-30366	106	10	exchange	exchange	PROPN
cjfa-30366	106	11	(	(	PUNCT
cjfa-30366	106	12	2013	2013	NUM
cjfa-30366	106	13	)	)	PUNCT
cjfa-30366	106	14	.	.	PUNCT
cjfa-30366	107	1	to	to	PART
cjfa-30366	107	2	calculate	calculate	VERB
cjfa-30366	107	3	daily	daily	ADJ
cjfa-30366	107	4	spin	spin	NOUN
cjfa-30366	107	5	for	for	ADP
cjfa-30366	107	6	each	each	DET
cjfa-30366	107	7	stock	stock	NOUN
cjfa-30366	107	8	,	,	PUNCT
cjfa-30366	107	9	the	the	DET
cjfa-30366	107	10	pre	pre	ADJ
cjfa-30366	107	11	opening	opening	NOUN
cjfa-30366	107	12	call	call	NOUN
cjfa-30366	107	13	auction	auction	NOUN
cjfa-30366	107	14	data	datum	NOUN
cjfa-30366	107	15	was	be	AUX
cjfa-30366	107	16	collected	collect	VERB
cjfa-30366	107	17	for	for	ADP
cjfa-30366	107	18	the	the	DET
cjfa-30366	107	19	period	period	NOUN
cjfa-30366	107	20	from	from	ADP
cjfa-30366	107	21	april	april	PROPN
cjfa-30366	107	22	&	&	CCONJ
cjfa-30366	107	23	may	may	PROPN
cjfa-30366	107	24	,	,	PUNCT
cjfa-30366	107	25	and	and	CCONJ
cjfa-30366	107	26	august	august	PROPN
cjfa-30366	107	27	&	&	CCONJ
cjfa-30366	107	28	september	september	PROPN
cjfa-30366	107	29	for	for	ADP
cjfa-30366	107	30	four	four	NUM
cjfa-30366	107	31	months	month	NOUN
cjfa-30366	107	32	.	.	PUNCT
cjfa-30366	108	1	the	the	DET
cjfa-30366	108	2	normal	normal	ADJ
cjfa-30366	108	3	trading	trading	NOUN
cjfa-30366	108	4	data	datum	NOUN
cjfa-30366	108	5	includes	include	VERB
cjfa-30366	108	6	trade	trade	NOUN
cjfa-30366	108	7	data	datum	NOUN
cjfa-30366	108	8	from	from	ADP
cjfa-30366	108	9	the	the	DET
cjfa-30366	108	10	period	period	NOUN
cjfa-30366	108	11	april	april	PROPN
cjfa-30366	108	12	&	&	CCONJ
cjfa-30366	108	13	may	may	PROPN
cjfa-30366	108	14	,	,	PUNCT
cjfa-30366	108	15	and	and	CCONJ
cjfa-30366	108	16	august	august	PROPN
cjfa-30366	108	17	&	&	CCONJ
cjfa-30366	108	18	september	september	PROPN
cjfa-30366	108	19	for	for	ADP
cjfa-30366	108	20	four	four	NUM
cjfa-30366	108	21	months	month	NOUN
cjfa-30366	108	22	.	.	PUNCT
cjfa-30366	109	1	the	the	DET
cjfa-30366	109	2	pre	pre	ADJ
cjfa-30366	109	3	-	-	ADJ
cjfa-30366	109	4	opening	opening	ADJ
cjfa-30366	109	5	data	datum	NOUN
cjfa-30366	109	6	for	for	ADP
cjfa-30366	109	7	june	june	PROPN
cjfa-30366	109	8	and	and	CCONJ
cjfa-30366	109	9	july	july	PROPN
cjfa-30366	109	10	were	be	AUX
cjfa-30366	109	11	not	not	PART
cjfa-30366	109	12	included	include	VERB
cjfa-30366	109	13	in	in	ADP
cjfa-30366	109	14	spin	spin	NOUN
cjfa-30366	109	15	calculation	calculation	NOUN
cjfa-30366	109	16	because	because	SCONJ
cjfa-30366	109	17	of	of	ADP
cjfa-30366	109	18	noise	noise	NOUN
cjfa-30366	109	19	in	in	ADP
cjfa-30366	109	20	two	two	NUM
cjfa-30366	109	21	months	month	NOUN
cjfa-30366	109	22	of	of	ADP
cjfa-30366	109	23	trade	trade	NOUN
cjfa-30366	109	24	data	datum	NOUN
cjfa-30366	109	25	.	.	PUNCT
cjfa-30366	110	1	we	we	PRON
cjfa-30366	110	2	present	present	VERB
cjfa-30366	110	3	this	this	DET
cjfa-30366	110	4	analysis	analysis	NOUN
cjfa-30366	110	5	as	as	ADP
cjfa-30366	110	6	a	a	DET
cjfa-30366	110	7	split	split	ADJ
cjfa-30366	110	8	sample	sample	NOUN
cjfa-30366	110	9	comparison	comparison	NOUN
cjfa-30366	110	10	between	between	ADP
cjfa-30366	110	11	2months	2months	NUM
cjfa-30366	110	12	which	which	PRON
cjfa-30366	110	13	is	be	AUX
cjfa-30366	110	14	separated	separate	VERB
cjfa-30366	110	15	by	by	ADP
cjfa-30366	110	16	a	a	DET
cjfa-30366	110	17	gap	gap	NOUN
cjfa-30366	110	18	of	of	ADP
cjfa-30366	110	19	2	2	NUM
cjfa-30366	110	20	months	month	NOUN
cjfa-30366	110	21	.	.	PUNCT
cjfa-30366	111	1	model	model	NOUN
cjfa-30366	111	2	:	:	PUNCT
cjfa-30366	111	3	pin	pin	NOUN
cjfa-30366	111	4	earlier	early	ADV
cjfa-30366	111	5	works	work	NOUN
cjfa-30366	111	6	of	of	ADP
cjfa-30366	111	7	shannon	shannon	PROPN
cjfa-30366	111	8	(	(	PUNCT
cjfa-30366	111	9	1948	1948	NUM
cjfa-30366	111	10	)	)	PUNCT
cjfa-30366	111	11	,	,	PUNCT
cjfa-30366	111	12	who	who	PRON
cjfa-30366	111	13	presented	present	VERB
cjfa-30366	111	14	an	an	DET
cjfa-30366	111	15	entropy	entropy	NOUN
cjfa-30366	111	16	measure	measure	NOUN
cjfa-30366	111	17	to	to	PART
cjfa-30366	111	18	summarize	summarize	VERB
cjfa-30366	111	19	average	average	ADJ
cjfa-30366	111	20	information	information	NOUN
cjfa-30366	111	21	content	content	NOUN
cjfa-30366	111	22	associated	associate	VERB
cjfa-30366	111	23	with	with	ADP
cjfa-30366	111	24	any	any	DET
cjfa-30366	111	25	random	random	ADJ
cjfa-30366	111	26	outcome	outcome	NOUN
cjfa-30366	111	27	.	.	PUNCT
cjfa-30366	112	1	information	information	NOUN
cjfa-30366	112	2	content	content	NOUN
cjfa-30366	112	3	of	of	ADP
cjfa-30366	112	4	stocks	stock	NOUN
cjfa-30366	112	5	in	in	ADP
cjfa-30366	112	6	call	call	NOUN
cjfa-30366	112	7	auction	auction	NOUN
cjfa-30366	112	8	…	…	PUNCT
cjfa-30366	112	9	119	119	NUM
cjfa-30366	112	10	shannon	shannon	NOUN
cjfa-30366	112	11	(	(	PUNCT
cjfa-30366	112	12	1948	1948	NUM
cjfa-30366	112	13	)	)	PUNCT
cjfa-30366	112	14	showed	show	VERB
cjfa-30366	112	15	that	that	SCONJ
cjfa-30366	112	16	any	any	DET
cjfa-30366	112	17	definition	definition	NOUN
cjfa-30366	112	18	of	of	ADP
cjfa-30366	112	19	entropy	entropy	NOUN
cjfa-30366	112	20	could	could	AUX
cjfa-30366	112	21	be	be	AUX
cjfa-30366	112	22	expressed	express	VERB
cjfa-30366	112	23	as	as	ADP
cjfa-30366	112	24	:	:	PUNCT
cjfa-30366	112	25	entropy=	entropy=	NUM
cjfa-30366	112	26	k	k	X
cjfa-30366	112	27	x	x	X
cjfa-30366	112	28	p(xi	p(xi	PROPN
cjfa-30366	112	29	)	)	PUNCT
cjfa-30366	112	30	log[p(xi	log[p(xi	NUM
cjfa-30366	112	31	)	)	PUNCT
cjfa-30366	112	32	]	]	PUNCT
cjfa-30366	113	1	eq	eq	X
cjfa-30366	113	2	.	.	PUNCT
cjfa-30366	114	1	(	(	PUNCT
cjfa-30366	114	2	1	1	NUM
cjfa-30366	114	3	)	)	PUNCT
cjfa-30366	114	4	where	where	SCONJ
cjfa-30366	114	5	,	,	PUNCT
cjfa-30366	114	6	k	k	PROPN
cjfa-30366	114	7	is	be	AUX
cjfa-30366	114	8	a	a	DET
cjfa-30366	114	9	constant	constant	ADJ
cjfa-30366	114	10	and	and	CCONJ
cjfa-30366	114	11	xi	xi	X
cjfa-30366	114	12	is	be	AUX
cjfa-30366	114	13	observed	observe	VERB
cjfa-30366	114	14	variate	variate	NOUN
cjfa-30366	114	15	.	.	PUNCT
cjfa-30366	115	1	the	the	DET
cjfa-30366	115	2	continuity	continuity	NOUN
cjfa-30366	115	3	assumption	assumption	NOUN
cjfa-30366	115	4	in	in	ADP
cjfa-30366	115	5	shannon	shannon	PROPN
cjfa-30366	115	6	(	(	PUNCT
cjfa-30366	115	7	1948	1948	NUM
cjfa-30366	115	8	)	)	PUNCT
cjfa-30366	115	9	is	be	AUX
cjfa-30366	115	10	moderated	moderate	VERB
cjfa-30366	115	11	for	for	ADP
cjfa-30366	115	12	auction	auction	NOUN
cjfa-30366	115	13	markets	market	NOUN
cjfa-30366	115	14	,	,	PUNCT
cjfa-30366	115	15	where	where	SCONJ
cjfa-30366	115	16	,	,	PUNCT
cjfa-30366	115	17	size	size	NOUN
cjfa-30366	115	18	of	of	ADP
cjfa-30366	115	19	an	an	DET
cjfa-30366	115	20	order	order	NOUN
cjfa-30366	115	21	signals	signal	VERB
cjfa-30366	115	22	information	information	NOUN
cjfa-30366	115	23	to	to	ADP
cjfa-30366	115	24	other	other	ADJ
cjfa-30366	115	25	market	market	NOUN
cjfa-30366	115	26	players	player	NOUN
cjfa-30366	115	27	,	,	PUNCT
cjfa-30366	115	28	the	the	DET
cjfa-30366	115	29	volume	volume	NOUN
cjfa-30366	115	30	synchronized	synchronize	VERB
cjfa-30366	115	31	probability	probability	NOUN
cjfa-30366	115	32	of	of	ADP
cjfa-30366	115	33	information	information	NOUN
cjfa-30366	115	34	(	(	PUNCT
cjfa-30366	115	35	vpin	vpin	ADJ
cjfa-30366	115	36	)	)	PUNCT
cjfa-30366	115	37	(	(	PUNCT
cjfa-30366	115	38	easley	easley	PROPN
cjfa-30366	115	39	,	,	PUNCT
cjfa-30366	115	40	hvidkjaer	hvidkjaer	PROPN
cjfa-30366	115	41	&	&	CCONJ
cjfa-30366	115	42	o’hara	o’hara	NOUN
cjfa-30366	115	43	,	,	PUNCT
cjfa-30366	115	44	2002	2002	NUM
cjfa-30366	115	45	)	)	PUNCT
cjfa-30366	115	46	,	,	PUNCT
cjfa-30366	115	47	which	which	PRON
cjfa-30366	115	48	owes	owe	VERB
cjfa-30366	115	49	itself	itself	PRON
cjfa-30366	115	50	to	to	ADP
cjfa-30366	115	51	basic	basic	ADJ
cjfa-30366	115	52	pin	pin	NOUN
cjfa-30366	115	53	(	(	PUNCT
cjfa-30366	115	54	easley	easley	PROPN
cjfa-30366	115	55	et	et	PROPN
cjfa-30366	115	56	al	al	PROPN
cjfa-30366	115	57	.	.	PROPN
cjfa-30366	115	58	,	,	PUNCT
cjfa-30366	115	59	1996	1996	NUM
cjfa-30366	115	60	)	)	PUNCT
cjfa-30366	115	61	.	.	PUNCT
cjfa-30366	116	1	probability	probability	NOUN
cjfa-30366	116	2	informed	informed	ADJ
cjfa-30366	116	3	trading	trading	NOUN
cjfa-30366	116	4	(	(	PUNCT
cjfa-30366	116	5	pin	pin	NOUN
cjfa-30366	116	6	)	)	PUNCT
cjfa-30366	116	7	is	be	AUX
cjfa-30366	116	8	computed	compute	VERB
cjfa-30366	116	9	from	from	ADP
cjfa-30366	116	10	the	the	DET
cjfa-30366	116	11	expected	expect	VERB
cjfa-30366	116	12	probability	probability	NOUN
cjfa-30366	116	13	of	of	ADP
cjfa-30366	116	14	information	information	NOUN
cjfa-30366	116	15	that	that	PRON
cjfa-30366	116	16	could	could	AUX
cjfa-30366	116	17	cause	cause	VERB
cjfa-30366	116	18	a	a	DET
cjfa-30366	116	19	change	change	NOUN
cjfa-30366	116	20	in	in	ADP
cjfa-30366	116	21	quoted	quote	VERB
cjfa-30366	116	22	price	price	NOUN
cjfa-30366	116	23	.	.	PUNCT
cjfa-30366	117	1	bayesian	bayesian	NOUN
cjfa-30366	117	2	incidences	incidence	NOUN
cjfa-30366	117	3	or	or	CCONJ
cjfa-30366	117	4	prior	prior	ADJ
cjfa-30366	117	5	probabilities	probability	NOUN
cjfa-30366	117	6	are	be	AUX
cjfa-30366	117	7	used	use	VERB
cjfa-30366	117	8	to	to	PART
cjfa-30366	117	9	arrive	arrive	VERB
cjfa-30366	117	10	at	at	ADP
cjfa-30366	117	11	the	the	DET
cjfa-30366	117	12	expected	expect	VERB
cjfa-30366	117	13	information	information	NOUN
cjfa-30366	117	14	content	content	NOUN
cjfa-30366	117	15	.	.	PUNCT
cjfa-30366	118	1	both	both	DET
cjfa-30366	118	2	pin	pin	PROPN
cjfa-30366	118	3	(	(	PUNCT
cjfa-30366	118	4	easley	easley	PROPN
cjfa-30366	118	5	et	et	PROPN
cjfa-30366	118	6	al	al	PROPN
cjfa-30366	118	7	.	.	PROPN
cjfa-30366	118	8	,	,	PUNCT
cjfa-30366	118	9	1996	1996	NUM
cjfa-30366	118	10	)	)	PUNCT
cjfa-30366	118	11	and	and	CCONJ
cjfa-30366	118	12	vpin	vpin	ADJ
cjfa-30366	118	13	(	(	PUNCT
cjfa-30366	118	14	easley	easley	PROPN
cjfa-30366	118	15	et	et	PROPN
cjfa-30366	118	16	al	al	PROPN
cjfa-30366	118	17	.	.	PROPN
cjfa-30366	118	18	,	,	PUNCT
cjfa-30366	118	19	2002	2002	NUM
cjfa-30366	118	20	)	)	PUNCT
cjfa-30366	118	21	include	include	VERB
cjfa-30366	118	22	information	information	NOUN
cjfa-30366	118	23	on	on	ADP
cjfa-30366	118	24	volume	volume	NOUN
cjfa-30366	118	25	,	,	PUNCT
cjfa-30366	118	26	time	time	NOUN
cjfa-30366	118	27	,	,	PUNCT
cjfa-30366	118	28	classified	classified	ADJ
cjfa-30366	118	29	trades	trade	NOUN
cjfa-30366	118	30	and	and	CCONJ
cjfa-30366	118	31	trade	trade	NOUN
cjfa-30366	118	32	intensity	intensity	NOUN
cjfa-30366	118	33	,	,	PUNCT
cjfa-30366	118	34	which	which	PRON
cjfa-30366	118	35	can	can	AUX
cjfa-30366	118	36	not	not	PART
cjfa-30366	118	37	be	be	AUX
cjfa-30366	118	38	easily	easily	ADV
cjfa-30366	118	39	applied	apply	VERB
cjfa-30366	118	40	to	to	ADP
cjfa-30366	118	41	regional	regional	ADJ
cjfa-30366	118	42	exchanges	exchange	NOUN
cjfa-30366	118	43	(	(	PUNCT
cjfa-30366	118	44	e.g.	e.g.	ADV
cjfa-30366	118	45	,	,	PUNCT
cjfa-30366	118	46	nse	nse	NOUN
cjfa-30366	118	47	)	)	PUNCT
cjfa-30366	118	48	because	because	SCONJ
cjfa-30366	118	49	of	of	ADP
cjfa-30366	118	50	its	its	PRON
cjfa-30366	118	51	smaller	small	ADJ
cjfa-30366	118	52	scale	scale	NOUN
cjfa-30366	118	53	and	and	CCONJ
cjfa-30366	118	54	short	short	ADJ
cjfa-30366	118	55	duration	duration	NOUN
cjfa-30366	118	56	interval	interval	NOUN
cjfa-30366	118	57	in	in	ADP
cjfa-30366	118	58	nature	nature	NOUN
cjfa-30366	118	59	.	.	PUNCT
cjfa-30366	119	1	to	to	PART
cjfa-30366	119	2	simplify	simplify	VERB
cjfa-30366	119	3	the	the	DET
cjfa-30366	119	4	vpin	vpin	NOUN
cjfa-30366	119	5	to	to	ADP
cjfa-30366	119	6	the	the	DET
cjfa-30366	119	7	setting	setting	NOUN
cjfa-30366	119	8	of	of	ADP
cjfa-30366	119	9	a	a	DET
cjfa-30366	119	10	regional	regional	ADJ
cjfa-30366	119	11	exchange	exchange	NOUN
cjfa-30366	119	12	(	(	PUNCT
cjfa-30366	119	13	e.g.	e.g.	ADV
cjfa-30366	119	14	,	,	PUNCT
cjfa-30366	119	15	nse	nse	NOUN
cjfa-30366	119	16	)	)	PUNCT
cjfa-30366	119	17	,	,	PUNCT
cjfa-30366	119	18	we	we	PRON
cjfa-30366	119	19	proceed	proceed	VERB
cjfa-30366	119	20	as	as	SCONJ
cjfa-30366	119	21	follows	follow	VERB
cjfa-30366	119	22	.	.	PUNCT
cjfa-30366	120	1	let	let	VERB
cjfa-30366	120	2	’s	’s	NOUN
cjfa-30366	120	3	denote	denote	VERB
cjfa-30366	120	4	a	a	DET
cjfa-30366	120	5	security	security	NOUN
cjfa-30366	120	6	’s	’s	PART
cjfa-30366	120	7	current	current	ADJ
cjfa-30366	120	8	price	price	NOUN
cjfa-30366	120	9	as	as	ADP
cjfa-30366	120	10	s0	s0	PROPN
cjfa-30366	120	11	.	.	PUNCT
cjfa-30366	121	1	the	the	DET
cjfa-30366	121	2	arrival	arrival	NOUN
cjfa-30366	121	3	and	and	CCONJ
cjfa-30366	121	4	transmission	transmission	NOUN
cjfa-30366	121	5	of	of	ADP
cjfa-30366	121	6	new	new	ADJ
cjfa-30366	121	7	information	information	NOUN
cjfa-30366	121	8	causes	cause	VERB
cjfa-30366	121	9	the	the	DET
cjfa-30366	121	10	price	price	NOUN
cjfa-30366	121	11	,	,	PUNCT
cjfa-30366	121	12	s0	s0	PROPN
cjfa-30366	121	13	to	to	PART
cjfa-30366	121	14	be	be	AUX
cjfa-30366	121	15	either	either	DET
cjfa-30366	121	16	sb	sb	PROPN
cjfa-30366	121	17	(	(	PUNCT
cjfa-30366	121	18	due	due	ADP
cjfa-30366	121	19	to	to	ADP
cjfa-30366	121	20	bad	bad	ADJ
cjfa-30366	121	21	news	news	NOUN
cjfa-30366	121	22	)	)	PUNCT
cjfa-30366	121	23	or	or	CCONJ
cjfa-30366	121	24	sg	sg	X
cjfa-30366	121	25	(	(	PUNCT
cjfa-30366	121	26	due	due	ADP
cjfa-30366	121	27	to	to	ADP
cjfa-30366	121	28	good	good	ADJ
cjfa-30366	121	29	news	news	NOUN
cjfa-30366	121	30	)	)	PUNCT
cjfa-30366	121	31	with	with	ADP
cjfa-30366	121	32	some	some	DET
cjfa-30366	121	33	probability	probability	NOUN
cjfa-30366	121	34	(	(	PUNCT
cjfa-30366	121	35	p	p	NOUN
cjfa-30366	121	36	≥	≥	NOUN
cjfa-30366	121	37	0	0	NUM
cjfa-30366	121	38	)	)	PUNCT
cjfa-30366	121	39	.	.	PUNCT
cjfa-30366	122	1	the	the	DET
cjfa-30366	122	2	probability	probability	NOUN
cjfa-30366	122	3	(	(	PUNCT
cjfa-30366	122	4	p	p	NOUN
cjfa-30366	122	5	≥	≥	NOUN
cjfa-30366	122	6	0	0	NUM
cjfa-30366	122	7	)	)	PUNCT
cjfa-30366	122	8	that	that	SCONJ
cjfa-30366	122	9	the	the	DET
cjfa-30366	122	10	news	news	NOUN
cjfa-30366	122	11	is	be	AUX
cjfa-30366	122	12	good	good	ADJ
cjfa-30366	122	13	news	news	NOUN
cjfa-30366	122	14	and	and	CCONJ
cjfa-30366	122	15	a	a	DET
cjfa-30366	122	16	probability	probability	NOUN
cjfa-30366	122	17	(	(	PUNCT
cjfa-30366	122	18	1	1	NUM
cjfa-30366	122	19	-	-	NUM
cjfa-30366	122	20	p	p	X
cjfa-30366	122	21	≥	≥	NOUN
cjfa-30366	122	22	0	0	NUM
cjfa-30366	122	23	)	)	PUNCT
cjfa-30366	122	24	that	that	SCONJ
cjfa-30366	122	25	the	the	DET
cjfa-30366	122	26	news	news	NOUN
cjfa-30366	122	27	will	will	AUX
cjfa-30366	122	28	be	be	AUX
cjfa-30366	122	29	bad	bad	ADJ
cjfa-30366	122	30	.	.	PUNCT
cjfa-30366	123	1	the	the	DET
cjfa-30366	123	2	expected	expect	VERB
cjfa-30366	123	3	price	price	NOUN
cjfa-30366	123	4	in	in	ADP
cjfa-30366	123	5	time	time	NOUN
cjfa-30366	123	6	t	t	PROPN
cjfa-30366	123	7	,	,	PUNCT
cjfa-30366	123	8	of	of	ADP
cjfa-30366	123	9	information	information	NOUN
cjfa-30366	123	10	(	(	PUNCT
cjfa-30366	123	11	vpin	vpin	ADJ
cjfa-30366	123	12	)	)	PUNCT
cjfa-30366	123	13	(	(	PUNCT
cjfa-30366	123	14	easley	easley	PROPN
cjfa-30366	123	15	,	,	PUNCT
cjfa-30366	123	16	hvidkjaer	hvidkjaer	VERB
cjfa-30366	123	17	,	,	PUNCT
cjfa-30366	123	18	and	and	CCONJ
cjfa-30366	123	19	o’hara	o’hara	NOUN
cjfa-30366	123	20	,	,	PUNCT
cjfa-30366	123	21	(	(	PUNCT
cjfa-30366	123	22	2002	2002	NUM
cjfa-30366	123	23	)	)	PUNCT
cjfa-30366	123	24	,	,	PUNCT
cjfa-30366	123	25	which	which	PRON
cjfa-30366	123	26	owes	owe	VERB
cjfa-30366	123	27	itself	itself	PRON
cjfa-30366	123	28	to	to	ADP
cjfa-30366	123	29	basic	basic	ADJ
cjfa-30366	123	30	pin	pin	NOUN
cjfa-30366	123	31	(	(	PUNCT
cjfa-30366	123	32	easley	easley	PROPN
cjfa-30366	123	33	et	et	PROPN
cjfa-30366	123	34	al	al	PROPN
cjfa-30366	123	35	.	.	PROPN
cjfa-30366	123	36	,	,	PUNCT
cjfa-30366	123	37	1996	1996	NUM
cjfa-30366	123	38	)	)	PUNCT
cjfa-30366	123	39	.	.	PUNCT
cjfa-30366	124	1	probability	probability	NOUN
cjfa-30366	124	2	informed	informed	ADJ
cjfa-30366	124	3	trading	trading	NOUN
cjfa-30366	124	4	(	(	PUNCT
cjfa-30366	124	5	pin	pin	NOUN
cjfa-30366	124	6	)	)	PUNCT
cjfa-30366	124	7	is	be	AUX
cjfa-30366	124	8	computed	compute	VERB
cjfa-30366	124	9	from	from	ADP
cjfa-30366	124	10	the	the	DET
cjfa-30366	124	11	expected	expect	VERB
cjfa-30366	124	12	probability	probability	NOUN
cjfa-30366	124	13	of	of	ADP
cjfa-30366	124	14	information	information	NOUN
cjfa-30366	124	15	that	that	PRON
cjfa-30366	124	16	could	could	AUX
cjfa-30366	124	17	cause	cause	VERB
cjfa-30366	124	18	a	a	DET
cjfa-30366	124	19	change	change	NOUN
cjfa-30366	124	20	in	in	ADP
cjfa-30366	124	21	quoted	quote	VERB
cjfa-30366	124	22	price	price	NOUN
cjfa-30366	124	23	.	.	PUNCT
cjfa-30366	125	1	bayesian	bayesian	NOUN
cjfa-30366	125	2	incidences	incidence	NOUN
cjfa-30366	125	3	or	or	CCONJ
cjfa-30366	125	4	prior	prior	ADJ
cjfa-30366	125	5	probabilities	probability	NOUN
cjfa-30366	125	6	are	be	AUX
cjfa-30366	125	7	used	use	VERB
cjfa-30366	125	8	to	to	PART
cjfa-30366	125	9	arrive	arrive	VERB
cjfa-30366	125	10	at	at	ADP
cjfa-30366	125	11	the	the	DET
cjfa-30366	125	12	expected	expect	VERB
cjfa-30366	125	13	information	information	NOUN
cjfa-30366	125	14	content	content	NOUN
cjfa-30366	125	15	.	.	PUNCT
cjfa-30366	126	1	both	both	DET
cjfa-30366	126	2	pin	pin	PROPN
cjfa-30366	126	3	(	(	PUNCT
cjfa-30366	126	4	easley	easley	PROPN
cjfa-30366	126	5	et	et	PROPN
cjfa-30366	126	6	al	al	PROPN
cjfa-30366	126	7	.	.	PROPN
cjfa-30366	126	8	1996	1996	NUM
cjfa-30366	126	9	)	)	PUNCT
cjfa-30366	126	10	and	and	CCONJ
cjfa-30366	126	11	vpin	vpin	ADJ
cjfa-30366	126	12	(	(	PUNCT
cjfa-30366	126	13	easley	easley	PROPN
cjfa-30366	126	14	et	et	PROPN
cjfa-30366	126	15	al	al	PROPN
cjfa-30366	126	16	.	.	PROPN
cjfa-30366	126	17	2002	2002	NUM
cjfa-30366	126	18	)	)	PUNCT
cjfa-30366	126	19	include	include	VERB
cjfa-30366	126	20	information	information	NOUN
cjfa-30366	126	21	on	on	ADP
cjfa-30366	126	22	volume	volume	NOUN
cjfa-30366	126	23	,	,	PUNCT
cjfa-30366	126	24	time	time	NOUN
cjfa-30366	126	25	,	,	PUNCT
cjfa-30366	126	26	classified	classified	ADJ
cjfa-30366	126	27	trades	trade	NOUN
cjfa-30366	126	28	and	and	CCONJ
cjfa-30366	126	29	trade	trade	NOUN
cjfa-30366	126	30	intensity	intensity	NOUN
cjfa-30366	126	31	,	,	PUNCT
cjfa-30366	126	32	which	which	PRON
cjfa-30366	126	33	can	can	AUX
cjfa-30366	126	34	not	not	PART
cjfa-30366	126	35	be	be	AUX
cjfa-30366	126	36	easily	easily	ADV
cjfa-30366	126	37	applied	apply	VERB
cjfa-30366	126	38	to	to	ADP
cjfa-30366	126	39	regional	regional	ADJ
cjfa-30366	126	40	exchanges	exchange	NOUN
cjfa-30366	126	41	(	(	PUNCT
cjfa-30366	126	42	e.g.	e.g.	ADV
cjfa-30366	126	43	,	,	PUNCT
cjfa-30366	126	44	nse	nse	NOUN
cjfa-30366	126	45	)	)	PUNCT
cjfa-30366	126	46	because	because	SCONJ
cjfa-30366	126	47	of	of	ADP
cjfa-30366	126	48	its	its	PRON
cjfa-30366	126	49	smaller	small	ADJ
cjfa-30366	126	50	scale	scale	NOUN
cjfa-30366	126	51	and	and	CCONJ
cjfa-30366	126	52	short	short	ADJ
cjfa-30366	126	53	duration	duration	NOUN
cjfa-30366	126	54	interval	interval	NOUN
cjfa-30366	126	55	in	in	ADP
cjfa-30366	126	56	nature	nature	NOUN
cjfa-30366	126	57	.	.	PUNCT
cjfa-30366	127	1	to	to	PART
cjfa-30366	127	2	simplify	simplify	VERB
cjfa-30366	127	3	the	the	DET
cjfa-30366	127	4	vpin	vpin	NOUN
cjfa-30366	127	5	to	to	ADP
cjfa-30366	127	6	the	the	DET
cjfa-30366	127	7	setting	setting	NOUN
cjfa-30366	127	8	of	of	ADP
cjfa-30366	127	9	a	a	DET
cjfa-30366	127	10	regional	regional	ADJ
cjfa-30366	127	11	exchange	exchange	NOUN
cjfa-30366	127	12	(	(	PUNCT
cjfa-30366	127	13	e.g.	e.g.	ADV
cjfa-30366	127	14	,	,	PUNCT
cjfa-30366	127	15	nse	nse	NOUN
cjfa-30366	127	16	)	)	PUNCT
cjfa-30366	127	17	,	,	PUNCT
cjfa-30366	127	18	we	we	PRON
cjfa-30366	127	19	proceed	proceed	VERB
cjfa-30366	127	20	as	as	SCONJ
cjfa-30366	127	21	follows	follow	VERB
cjfa-30366	127	22	.	.	PUNCT
cjfa-30366	128	1	let	let	VERB
cjfa-30366	128	2	’s	’s	NOUN
cjfa-30366	128	3	denote	denote	VERB
cjfa-30366	128	4	a	a	DET
cjfa-30366	128	5	security	security	NOUN
cjfa-30366	128	6	's	's	PART
cjfa-30366	128	7	current	current	ADJ
cjfa-30366	128	8	price	price	NOUN
cjfa-30366	128	9	as	as	ADP
cjfa-30366	128	10	s0	s0	PROPN
cjfa-30366	128	11	.	.	PUNCT
cjfa-30366	129	1	the	the	DET
cjfa-30366	129	2	arrival	arrival	NOUN
cjfa-30366	129	3	and	and	CCONJ
cjfa-30366	129	4	transmission	transmission	NOUN
cjfa-30366	129	5	of	of	ADP
cjfa-30366	129	6	new	new	ADJ
cjfa-30366	129	7	information	information	NOUN
cjfa-30366	129	8	causes	cause	VERB
cjfa-30366	129	9	the	the	DET
cjfa-30366	129	10	price	price	NOUN
cjfa-30366	129	11	,	,	PUNCT
cjfa-30366	129	12	s0	s0	PROPN
cjfa-30366	129	13	to	to	PART
cjfa-30366	129	14	be	be	AUX
cjfa-30366	129	15	either	either	DET
cjfa-30366	129	16	sb	sb	PROPN
cjfa-30366	129	17	(	(	PUNCT
cjfa-30366	129	18	due	due	ADP
cjfa-30366	129	19	to	to	ADP
cjfa-30366	129	20	bad	bad	ADJ
cjfa-30366	129	21	news	news	NOUN
cjfa-30366	129	22	)	)	PUNCT
cjfa-30366	129	23	or	or	CCONJ
cjfa-30366	129	24	sg	sg	X
cjfa-30366	129	25	(	(	PUNCT
cjfa-30366	129	26	due	due	ADP
cjfa-30366	129	27	to	to	ADP
cjfa-30366	129	28	good	good	ADJ
cjfa-30366	129	29	news	news	NOUN
cjfa-30366	129	30	)	)	PUNCT
cjfa-30366	129	31	with	with	ADP
cjfa-30366	129	32	some	some	DET
cjfa-30366	129	33	probability	probability	NOUN
cjfa-30366	129	34	(	(	PUNCT
cjfa-30366	129	35	p	p	NOUN
cjfa-30366	129	36	≥	≥	NOUN
cjfa-30366	129	37	0	0	NUM
cjfa-30366	129	38	)	)	PUNCT
cjfa-30366	129	39	.	.	PUNCT
cjfa-30366	130	1	the	the	DET
cjfa-30366	130	2	probability	probability	NOUN
cjfa-30366	130	3	(	(	PUNCT
cjfa-30366	130	4	p	p	NOUN
cjfa-30366	130	5	≥	≥	NOUN
cjfa-30366	130	6	0	0	NUM
cjfa-30366	130	7	)	)	PUNCT
cjfa-30366	130	8	that	that	SCONJ
cjfa-30366	130	9	the	the	DET
cjfa-30366	130	10	news	news	NOUN
cjfa-30366	130	11	is	be	AUX
cjfa-30366	130	12	good	good	ADJ
cjfa-30366	130	13	news	news	NOUN
cjfa-30366	130	14	and	and	CCONJ
cjfa-30366	130	15	a	a	DET
cjfa-30366	130	16	probability	probability	NOUN
cjfa-30366	130	17	(	(	PUNCT
cjfa-30366	130	18	1	1	NUM
cjfa-30366	130	19	-	-	NUM
cjfa-30366	130	20	p	p	X
cjfa-30366	130	21	≥	≥	NOUN
cjfa-30366	130	22	0	0	NUM
cjfa-30366	130	23	)	)	PUNCT
cjfa-30366	130	24	that	that	SCONJ
cjfa-30366	130	25	the	the	DET
cjfa-30366	130	26	news	news	NOUN
cjfa-30366	130	27	will	will	AUX
cjfa-30366	130	28	be	be	AUX
cjfa-30366	130	29	bad	bad	ADJ
cjfa-30366	130	30	.	.	PUNCT
cjfa-30366	131	1	the	the	DET
cjfa-30366	131	2	expected	expect	VERB
cjfa-30366	131	3	price	price	NOUN
cjfa-30366	131	4	in	in	ADP
cjfa-30366	131	5	time	time	NOUN
cjfa-30366	131	6	t	t	PROPN
cjfa-30366	131	7	,	,	PUNCT
cjfa-30366	131	8	𝐸𝐸(𝑆𝑆	𝐸𝐸(𝑆𝑆	NOUN
cjfa-30366	131	9	�	�	PROPN
cjfa-30366	131	10	)	)	PUNCT
cjfa-30366	132	1	=	=	SYM
cjfa-30366	132	2	𝑝𝑝	𝑝𝑝	PROPN
cjfa-30366	132	3	𝑝	𝑝	PROPN
cjfa-30366	132	4	𝑆𝑆	𝑆𝑆	PROPN
cjfa-30366	132	5	�	�	PROPN
cjfa-30366	132	6	+	+	CCONJ
cjfa-30366	132	7	(	(	PUNCT
cjfa-30366	132	8	1	1	NUM
cjfa-30366	132	9	−	−	PROPN
cjfa-30366	132	10	𝑝𝑝	𝑝𝑝	NOUN
cjfa-30366	132	11	)	)	PUNCT
cjfa-30366	132	12	𝑝	𝑝	PROPN
cjfa-30366	132	13	𝑆𝑆	𝑆𝑆	PROPN
cjfa-30366	132	14	�	�	PROPN
cjfa-30366	132	15	eq	eq	PROPN
cjfa-30366	132	16	.	.	PUNCT
cjfa-30366	133	1	(	(	PUNCT
cjfa-30366	133	2	2	2	X
cjfa-30366	133	3	)	)	PUNCT
cjfa-30366	133	4	a	a	DET
cjfa-30366	133	5	poisson	poisson	NOUN
cjfa-30366	133	6	distribution	distribution	NOUN
cjfa-30366	133	7	would	would	AUX
cjfa-30366	133	8	simulate	simulate	VERB
cjfa-30366	133	9	the	the	DET
cjfa-30366	133	10	arrival	arrival	NOUN
cjfa-30366	133	11	of	of	ADP
cjfa-30366	133	12	more	more	ADV
cjfa-30366	133	13	informed	informed	ADJ
cjfa-30366	133	14	specialist	specialist	ADJ
cjfa-30366	133	15	traders	trader	NOUN
cjfa-30366	133	16	at	at	ADP
cjfa-30366	133	17	a	a	DET
cjfa-30366	133	18	known	know	VERB
cjfa-30366	133	19	rate	rate	NOUN
cjfa-30366	133	20	μ	μ	PROPN
cjfa-30366	133	21	,	,	PUNCT
cjfa-30366	133	22	and	and	CCONJ
cjfa-30366	133	23	normal	normal	ADJ
cjfa-30366	133	24	traders	trader	NOUN
cjfa-30366	133	25	at	at	ADP
cjfa-30366	133	26	known	know	VERB
cjfa-30366	133	27	rate	rate	NOUN
cjfa-30366	133	28	ε	ε	PROPN
cjfa-30366	133	29	.	.	PUNCT
cjfa-30366	134	1	the	the	DET
cjfa-30366	134	2	standard	standard	ADJ
cjfa-30366	134	3	case	case	NOUN
cjfa-30366	134	4	of	of	ADP
cjfa-30366	134	5	probability	probability	NOUN
cjfa-30366	134	6	of	of	ADP
cjfa-30366	134	7	arrival	arrival	NOUN
cjfa-30366	134	8	of	of	ADP
cjfa-30366	134	9	information	information	NOUN
cjfa-30366	134	10	is	be	AUX
cjfa-30366	134	11	(	(	PUNCT
cjfa-30366	134	12	p	p	NOUN
cjfa-30366	134	13	=	=	SYM
cjfa-30366	134	14	�	�	PROPN
cjfa-30366	134	15	�	�	PROPN
cjfa-30366	134	16	)	)	PUNCT
cjfa-30366	134	17	,	,	PUNCT
cjfa-30366	134	18	and	and	CCONJ
cjfa-30366	134	19	probability	probability	NOUN
cjfa-30366	134	20	of	of	ADP
cjfa-30366	134	21	good	good	ADJ
cjfa-30366	134	22	or	or	CCONJ
cjfa-30366	134	23	bad	bad	ADJ
cjfa-30366	134	24	is	be	AUX
cjfa-30366	134	25	(	(	PUNCT
cjfa-30366	134	26	p	p	NOUN
cjfa-30366	134	27	=	=	SYM
cjfa-30366	134	28	�	�	PROPN
cjfa-30366	134	29	�	�	PROPN
cjfa-30366	134	30	)	)	PUNCT
cjfa-30366	134	31	gives	give	VERB
cjfa-30366	134	32	rise	rise	NOUN
cjfa-30366	134	33	to	to	ADP
cjfa-30366	134	34	eq	eq	NOUN
cjfa-30366	134	35	.	.	PUNCT
cjfa-30366	135	1	(	(	PUNCT
cjfa-30366	135	2	3	3	NUM
cjfa-30366	135	3	)	)	PUNCT
cjfa-30366	135	4	;	;	PUNCT
cjfa-30366	135	5	𝑃𝑃𝑃𝑃𝑃𝑃	𝑃𝑃𝑃𝑃𝑃𝑃	PROPN
cjfa-30366	135	6	=	=	SYM
cjfa-30366	135	7	�	�	PROPN
cjfa-30366	135	8	�	�	PROPN
cjfa-30366	135	9	�	�	PROPN
cjfa-30366	135	10	�	�	PROPN
cjfa-30366	135	11	eq	eq	PROPN
cjfa-30366	135	12	.	.	PUNCT
cjfa-30366	136	1	(	(	PUNCT
cjfa-30366	136	2	4	4	X
cjfa-30366	136	3	)	)	PUNCT
cjfa-30366	136	4	volume	volume	NOUN
cjfa-30366	136	5	flow	flow	NOUN
cjfa-30366	136	6	mimics	mimic	VERB
cjfa-30366	136	7	the	the	DET
cjfa-30366	136	8	arrival	arrival	NOUN
cjfa-30366	136	9	of	of	ADP
cjfa-30366	136	10	information	information	NOUN
cjfa-30366	136	11	during	during	ADP
cjfa-30366	136	12	the	the	DET
cjfa-30366	136	13	auction	auction	NOUN
cjfa-30366	136	14	.	.	PUNCT
cjfa-30366	137	1	the	the	DET
cjfa-30366	137	2	sample	sample	NOUN
cjfa-30366	137	3	of	of	ADP
cjfa-30366	137	4	volume	volume	NOUN
cjfa-30366	137	5	is	be	AUX
cjfa-30366	137	6	divided	divide	VERB
cjfa-30366	137	7	into	into	ADP
cjfa-30366	137	8	volume	volume	NOUN
cjfa-30366	137	9	buckets	bucket	NOUN
cjfa-30366	137	10	such	such	ADJ
cjfa-30366	137	11	that	that	SCONJ
cjfa-30366	137	12	each	each	DET
cjfa-30366	137	13	bucket	bucket	NOUN
cjfa-30366	137	14	comprises	comprise	VERB
cjfa-30366	137	15	equal	equal	ADJ
cjfa-30366	137	16	volume	volume	NOUN
cjfa-30366	137	17	.	.	PUNCT
cjfa-30366	138	1	the	the	DET
cjfa-30366	138	2	volume	volume	NOUN
cjfa-30366	138	3	is	be	AUX
cjfa-30366	138	4	classified	classify	VERB
cjfa-30366	138	5	as	as	ADP
cjfa-30366	138	6	buy	buy	NOUN
cjfa-30366	138	7	,	,	PUNCT
cjfa-30366	138	8	and	and	CCONJ
cjfa-30366	138	9	sell	sell	VERB
cjfa-30366	138	10	.	.	PUNCT
cjfa-30366	139	1	within	within	ADP
cjfa-30366	139	2	a	a	DET
cjfa-30366	139	3	given	give	VERB
cjfa-30366	139	4	volume	volume	NOUN
cjfa-30366	139	5	bucket	bucket	NOUN
cjfa-30366	139	6	,	,	PUNCT
cjfa-30366	139	7	the	the	DET
cjfa-30366	139	8	volume	volume	NOUN
cjfa-30366	139	9	is	be	AUX
cjfa-30366	139	10	the	the	DET
cjfa-30366	139	11	total	total	NOUN
cjfa-30366	139	12	of	of	ADP
cjfa-30366	139	13	buy	buy	NOUN
cjfa-30366	139	14	volume	volume	NOUN
cjfa-30366	139	15	(	(	PUNCT
cjfa-30366	139	16	vb	vb	NOUN
cjfa-30366	139	17	traded	trade	VERB
cjfa-30366	139	18	against	against	ADP
cjfa-30366	139	19	the	the	DET
cjfa-30366	139	20	ask	ask	NOUN
cjfa-30366	139	21	)	)	PUNCT
cjfa-30366	139	22	,	,	PUNCT
cjfa-30366	139	23	and	and	CCONJ
cjfa-30366	139	24	sell	sell	VERB
cjfa-30366	139	25	volume	volume	NOUN
cjfa-30366	139	26	(	(	PUNCT
cjfa-30366	139	27	vs	vs	NOUN
cjfa-30366	139	28	)	)	PUNCT
cjfa-30366	139	29	.	.	PUNCT
cjfa-30366	140	1	all	all	DET
cjfa-30366	140	2	the	the	DET
cjfa-30366	140	3	buckets	bucket	NOUN
cjfa-30366	140	4	are	be	AUX
cjfa-30366	140	5	of	of	ADP
cjfa-30366	140	6	equal	equal	ADJ
cjfa-30366	140	7	size	size	NOUN
cjfa-30366	140	8	,	,	PUNCT
cjfa-30366	140	9	v	v	NOUN
cjfa-30366	140	10	=	=	PRON
cjfa-30366	140	11	𝑛𝑛	𝑛𝑛	PART
cjfa-30366	140	12	𝑝	𝑝	NOUN
cjfa-30366	140	13	(	(	PUNCT
cjfa-30366	140	14	𝑛𝑛	𝑛𝑛	NOUN
cjfa-30366	140	15	�	�	PROPN
cjfa-30366	140	16	+	+	CCONJ
cjfa-30366	140	17	𝑛𝑛	𝑛𝑛	NOUN
cjfa-30366	140	18	�	�	PROPN
cjfa-30366	140	19	)	)	PUNCT
cjfa-30366	141	1	=	=	PRON
cjfa-30366	141	2	𝑛𝑛	𝑛𝑛	PART
cjfa-30366	141	3	𝑝	𝑝	PROPN
cjfa-30366	141	4	𝑛𝑛	𝑛𝑛	PRON
cjfa-30366	141	5	�	�	PROPN
cjfa-30366	141	6	eq	eq	ADP
cjfa-30366	141	7	.	.	PUNCT
cjfa-30366	142	1	(	(	PUNCT
cjfa-30366	142	2	5	5	NUM
cjfa-30366	142	3	)	)	PUNCT
cjfa-30366	142	4	where	where	SCONJ
cjfa-30366	142	5	n	n	PRON
cjfa-30366	142	6	is	be	AUX
cjfa-30366	142	7	the	the	DET
cjfa-30366	142	8	number	number	NOUN
cjfa-30366	142	9	of	of	ADP
cjfa-30366	142	10	buckets	bucket	NOUN
cjfa-30366	142	11	.	.	PUNCT
cjfa-30366	143	1	vt	vt	PROPN
cjfa-30366	143	2	is	be	AUX
cjfa-30366	143	3	the	the	DET
cjfa-30366	143	4	total	total	ADJ
cjfa-30366	143	5	volume	volume	NOUN
cjfa-30366	143	6	per	per	ADP
cjfa-30366	143	7	bucket	bucket	NOUN
cjfa-30366	143	8	where	where	SCONJ
cjfa-30366	143	9	all	all	DET
cjfa-30366	143	10	buckets	bucket	NOUN
cjfa-30366	143	11	will	will	AUX
cjfa-30366	143	12	contain	contain	VERB
cjfa-30366	143	13	an	an	DET
cjfa-30366	143	14	equal	equal	ADJ
cjfa-30366	143	15	amount	amount	NOUN
cjfa-30366	143	16	of	of	ADP
cjfa-30366	143	17	volume	volume	NOUN
cjfa-30366	143	18	v.	v.	ADP
cjfa-30366	143	19	order	order	NOUN
cjfa-30366	143	20	imbalance	imbalance	NOUN
cjfa-30366	143	21	exists	exist	VERB
cjfa-30366	143	22	with	with	ADP
cjfa-30366	143	23	the	the	DET
cjfa-30366	143	24	excess	excess	NOUN
cjfa-30366	143	25	of	of	ADP
cjfa-30366	143	26	buy	buy	ADJ
cjfa-30366	143	27	orders	order	NOUN
cjfa-30366	143	28	over	over	ADP
cjfa-30366	143	29	the	the	DET
cjfa-30366	143	30	sell	sell	NOUN
cjfa-30366	143	31	orders	order	NOUN
cjfa-30366	143	32	for	for	ADP
cjfa-30366	143	33	each	each	DET
cjfa-30366	143	34	stock	stock	NOUN
cjfa-30366	143	35	.	.	PUNCT
cjfa-30366	144	1	we	we	PRON
cjfa-30366	144	2	calculate	calculate	VERB
cjfa-30366	144	3	order	order	NOUN
cjfa-30366	144	4	imbalance	imbalance	NOUN
cjfa-30366	144	5	for	for	ADP
cjfa-30366	144	6	each	each	DET
cjfa-30366	144	7	stock	stock	NOUN
cjfa-30366	144	8	on	on	ADP
cjfa-30366	144	9	day	day	NOUN
cjfa-30366	144	10	t	t	PROPN
cjfa-30366	144	11	,	,	PUNCT
cjfa-30366	144	12	as	as	ADP
cjfa-30366	144	13	;	;	PUNCT
cjfa-30366	144	14	eq	eq	X
cjfa-30366	144	15	.	.	PUNCT
cjfa-30366	145	1	(	(	PUNCT
cjfa-30366	145	2	2	2	X
cjfa-30366	145	3	)	)	PUNCT
cjfa-30366	145	4	a	a	DET
cjfa-30366	145	5	poisson	poisson	NOUN
cjfa-30366	145	6	distribution	distribution	NOUN
cjfa-30366	145	7	would	would	AUX
cjfa-30366	145	8	simulate	simulate	VERB
cjfa-30366	145	9	the	the	DET
cjfa-30366	145	10	arrival	arrival	NOUN
cjfa-30366	145	11	of	of	ADP
cjfa-30366	145	12	more	more	ADV
cjfa-30366	145	13	informed	informed	ADJ
cjfa-30366	145	14	specialist	specialist	ADJ
cjfa-30366	145	15	traders	trader	NOUN
cjfa-30366	145	16	at	at	ADP
cjfa-30366	145	17	a	a	DET
cjfa-30366	145	18	known	know	VERB
cjfa-30366	145	19	rate	rate	NOUN
cjfa-30366	145	20	μ	μ	PROPN
cjfa-30366	145	21	,	,	PUNCT
cjfa-30366	145	22	and	and	CCONJ
cjfa-30366	145	23	normal	normal	ADJ
cjfa-30366	145	24	traders	trader	NOUN
cjfa-30366	145	25	at	at	ADP
cjfa-30366	145	26	known	know	VERB
cjfa-30366	145	27	rate	rate	NOUN
cjfa-30366	145	28	ε	ε	PROPN
cjfa-30366	145	29	.	.	PUNCT
cjfa-30366	146	1	the	the	DET
cjfa-30366	146	2	standard	standard	ADJ
cjfa-30366	146	3	case	case	NOUN
cjfa-30366	146	4	of	of	ADP
cjfa-30366	146	5	probability	probability	NOUN
cjfa-30366	146	6	of	of	ADP
cjfa-30366	146	7	arrival	arrival	NOUN
cjfa-30366	146	8	of	of	ADP
cjfa-30366	146	9	information	information	NOUN
cjfa-30366	146	10	is	be	AUX
cjfa-30366	146	11	of	of	ADP
cjfa-30366	146	12	information	information	NOUN
cjfa-30366	146	13	(	(	PUNCT
cjfa-30366	146	14	vpin	vpin	ADJ
cjfa-30366	146	15	)	)	PUNCT
cjfa-30366	146	16	(	(	PUNCT
cjfa-30366	146	17	easley	easley	PROPN
cjfa-30366	146	18	,	,	PUNCT
cjfa-30366	146	19	hvidkjaer	hvidkjaer	VERB
cjfa-30366	146	20	,	,	PUNCT
cjfa-30366	146	21	and	and	CCONJ
cjfa-30366	146	22	o’hara	o’hara	NOUN
cjfa-30366	146	23	,	,	PUNCT
cjfa-30366	146	24	(	(	PUNCT
cjfa-30366	146	25	2002	2002	NUM
cjfa-30366	146	26	)	)	PUNCT
cjfa-30366	146	27	,	,	PUNCT
cjfa-30366	146	28	which	which	PRON
cjfa-30366	146	29	owes	owe	VERB
cjfa-30366	146	30	itself	itself	PRON
cjfa-30366	146	31	to	to	ADP
cjfa-30366	146	32	basic	basic	ADJ
cjfa-30366	146	33	pin	pin	NOUN
cjfa-30366	146	34	(	(	PUNCT
cjfa-30366	146	35	easley	easley	PROPN
cjfa-30366	146	36	et	et	PROPN
cjfa-30366	146	37	al	al	PROPN
cjfa-30366	146	38	.	.	PROPN
cjfa-30366	146	39	,	,	PUNCT
cjfa-30366	146	40	1996	1996	NUM
cjfa-30366	146	41	)	)	PUNCT
cjfa-30366	146	42	.	.	PUNCT
cjfa-30366	147	1	probability	probability	NOUN
cjfa-30366	147	2	informed	informed	ADJ
cjfa-30366	147	3	trading	trading	NOUN
cjfa-30366	147	4	(	(	PUNCT
cjfa-30366	147	5	pin	pin	NOUN
cjfa-30366	147	6	)	)	PUNCT
cjfa-30366	147	7	is	be	AUX
cjfa-30366	147	8	computed	compute	VERB
cjfa-30366	147	9	from	from	ADP
cjfa-30366	147	10	the	the	DET
cjfa-30366	147	11	expected	expect	VERB
cjfa-30366	147	12	probability	probability	NOUN
cjfa-30366	147	13	of	of	ADP
cjfa-30366	147	14	information	information	NOUN
cjfa-30366	147	15	that	that	PRON
cjfa-30366	147	16	could	could	AUX
cjfa-30366	147	17	cause	cause	VERB
cjfa-30366	147	18	a	a	DET
cjfa-30366	147	19	change	change	NOUN
cjfa-30366	147	20	in	in	ADP
cjfa-30366	147	21	quoted	quote	VERB
cjfa-30366	147	22	price	price	NOUN
cjfa-30366	147	23	.	.	PUNCT
cjfa-30366	148	1	bayesian	bayesian	NOUN
cjfa-30366	148	2	incidences	incidence	NOUN
cjfa-30366	148	3	or	or	CCONJ
cjfa-30366	148	4	prior	prior	ADJ
cjfa-30366	148	5	probabilities	probability	NOUN
cjfa-30366	148	6	are	be	AUX
cjfa-30366	148	7	used	use	VERB
cjfa-30366	148	8	to	to	PART
cjfa-30366	148	9	arrive	arrive	VERB
cjfa-30366	148	10	at	at	ADP
cjfa-30366	148	11	the	the	DET
cjfa-30366	148	12	expected	expect	VERB
cjfa-30366	148	13	information	information	NOUN
cjfa-30366	148	14	content	content	NOUN
cjfa-30366	148	15	.	.	PUNCT
cjfa-30366	149	1	both	both	DET
cjfa-30366	149	2	pin	pin	PROPN
cjfa-30366	149	3	(	(	PUNCT
cjfa-30366	149	4	easley	easley	PROPN
cjfa-30366	149	5	et	et	PROPN
cjfa-30366	149	6	al	al	PROPN
cjfa-30366	149	7	.	.	PROPN
cjfa-30366	149	8	1996	1996	NUM
cjfa-30366	149	9	)	)	PUNCT
cjfa-30366	149	10	and	and	CCONJ
cjfa-30366	149	11	vpin	vpin	ADJ
cjfa-30366	149	12	(	(	PUNCT
cjfa-30366	149	13	easley	easley	PROPN
cjfa-30366	149	14	et	et	PROPN
cjfa-30366	149	15	al	al	PROPN
cjfa-30366	149	16	.	.	PROPN
cjfa-30366	149	17	2002	2002	NUM
cjfa-30366	149	18	)	)	PUNCT
cjfa-30366	149	19	include	include	VERB
cjfa-30366	149	20	information	information	NOUN
cjfa-30366	149	21	on	on	ADP
cjfa-30366	149	22	volume	volume	NOUN
cjfa-30366	149	23	,	,	PUNCT
cjfa-30366	149	24	time	time	NOUN
cjfa-30366	149	25	,	,	PUNCT
cjfa-30366	149	26	classified	classified	ADJ
cjfa-30366	149	27	trades	trade	NOUN
cjfa-30366	149	28	and	and	CCONJ
cjfa-30366	149	29	trade	trade	NOUN
cjfa-30366	149	30	intensity	intensity	NOUN
cjfa-30366	149	31	,	,	PUNCT
cjfa-30366	149	32	which	which	PRON
cjfa-30366	149	33	can	can	AUX
cjfa-30366	149	34	not	not	PART
cjfa-30366	149	35	be	be	AUX
cjfa-30366	149	36	easily	easily	ADV
cjfa-30366	149	37	applied	apply	VERB
cjfa-30366	149	38	to	to	ADP
cjfa-30366	149	39	regional	regional	ADJ
cjfa-30366	149	40	exchanges	exchange	NOUN
cjfa-30366	149	41	(	(	PUNCT
cjfa-30366	149	42	e.g.	e.g.	ADV
cjfa-30366	149	43	,	,	PUNCT
cjfa-30366	149	44	nse	nse	NOUN
cjfa-30366	149	45	)	)	PUNCT
cjfa-30366	149	46	because	because	SCONJ
cjfa-30366	149	47	of	of	ADP
cjfa-30366	149	48	its	its	PRON
cjfa-30366	149	49	smaller	small	ADJ
cjfa-30366	149	50	scale	scale	NOUN
cjfa-30366	149	51	and	and	CCONJ
cjfa-30366	149	52	short	short	ADJ
cjfa-30366	149	53	duration	duration	NOUN
cjfa-30366	149	54	interval	interval	NOUN
cjfa-30366	149	55	in	in	ADP
cjfa-30366	149	56	nature	nature	NOUN
cjfa-30366	149	57	.	.	PUNCT
cjfa-30366	150	1	to	to	PART
cjfa-30366	150	2	simplify	simplify	VERB
cjfa-30366	150	3	the	the	DET
cjfa-30366	150	4	vpin	vpin	NOUN
cjfa-30366	150	5	to	to	ADP
cjfa-30366	150	6	the	the	DET
cjfa-30366	150	7	setting	setting	NOUN
cjfa-30366	150	8	of	of	ADP
cjfa-30366	150	9	a	a	DET
cjfa-30366	150	10	regional	regional	ADJ
cjfa-30366	150	11	exchange	exchange	NOUN
cjfa-30366	150	12	(	(	PUNCT
cjfa-30366	150	13	e.g.	e.g.	ADV
cjfa-30366	150	14	,	,	PUNCT
cjfa-30366	150	15	nse	nse	NOUN
cjfa-30366	150	16	)	)	PUNCT
cjfa-30366	150	17	,	,	PUNCT
cjfa-30366	150	18	we	we	PRON
cjfa-30366	150	19	proceed	proceed	VERB
cjfa-30366	150	20	as	as	SCONJ
cjfa-30366	150	21	follows	follow	VERB
cjfa-30366	150	22	.	.	PUNCT
cjfa-30366	151	1	let	let	VERB
cjfa-30366	151	2	’s	’s	NOUN
cjfa-30366	151	3	denote	denote	VERB
cjfa-30366	151	4	a	a	DET
cjfa-30366	151	5	security	security	NOUN
cjfa-30366	151	6	's	's	PART
cjfa-30366	151	7	current	current	ADJ
cjfa-30366	151	8	price	price	NOUN
cjfa-30366	151	9	as	as	ADP
cjfa-30366	151	10	s0	s0	PROPN
cjfa-30366	151	11	.	.	PUNCT
cjfa-30366	152	1	the	the	DET
cjfa-30366	152	2	arrival	arrival	NOUN
cjfa-30366	152	3	and	and	CCONJ
cjfa-30366	152	4	transmission	transmission	NOUN
cjfa-30366	152	5	of	of	ADP
cjfa-30366	152	6	new	new	ADJ
cjfa-30366	152	7	information	information	NOUN
cjfa-30366	152	8	causes	cause	VERB
cjfa-30366	152	9	the	the	DET
cjfa-30366	152	10	price	price	NOUN
cjfa-30366	152	11	,	,	PUNCT
cjfa-30366	152	12	s0	s0	PROPN
cjfa-30366	152	13	to	to	PART
cjfa-30366	152	14	be	be	AUX
cjfa-30366	152	15	either	either	DET
cjfa-30366	152	16	sb	sb	PROPN
cjfa-30366	152	17	(	(	PUNCT
cjfa-30366	152	18	due	due	ADP
cjfa-30366	152	19	to	to	ADP
cjfa-30366	152	20	bad	bad	ADJ
cjfa-30366	152	21	news	news	NOUN
cjfa-30366	152	22	)	)	PUNCT
cjfa-30366	152	23	or	or	CCONJ
cjfa-30366	152	24	sg	sg	X
cjfa-30366	152	25	(	(	PUNCT
cjfa-30366	152	26	due	due	ADP
cjfa-30366	152	27	to	to	ADP
cjfa-30366	152	28	good	good	ADJ
cjfa-30366	152	29	news	news	NOUN
cjfa-30366	152	30	)	)	PUNCT
cjfa-30366	152	31	with	with	ADP
cjfa-30366	152	32	some	some	DET
cjfa-30366	152	33	probability	probability	NOUN
cjfa-30366	152	34	(	(	PUNCT
cjfa-30366	152	35	p	p	NOUN
cjfa-30366	152	36	≥	≥	NOUN
cjfa-30366	152	37	0	0	NUM
cjfa-30366	152	38	)	)	PUNCT
cjfa-30366	152	39	.	.	PUNCT
cjfa-30366	153	1	the	the	DET
cjfa-30366	153	2	probability	probability	NOUN
cjfa-30366	153	3	(	(	PUNCT
cjfa-30366	153	4	p	p	NOUN
cjfa-30366	153	5	≥	≥	NOUN
cjfa-30366	153	6	0	0	NUM
cjfa-30366	153	7	)	)	PUNCT
cjfa-30366	153	8	that	that	SCONJ
cjfa-30366	153	9	the	the	DET
cjfa-30366	153	10	news	news	NOUN
cjfa-30366	153	11	is	be	AUX
cjfa-30366	153	12	good	good	ADJ
cjfa-30366	153	13	news	news	NOUN
cjfa-30366	153	14	and	and	CCONJ
cjfa-30366	153	15	a	a	DET
cjfa-30366	153	16	probability	probability	NOUN
cjfa-30366	153	17	(	(	PUNCT
cjfa-30366	153	18	1	1	NUM
cjfa-30366	153	19	-	-	NUM
cjfa-30366	153	20	p	p	X
cjfa-30366	153	21	≥	≥	NOUN
cjfa-30366	153	22	0	0	NUM
cjfa-30366	153	23	)	)	PUNCT
cjfa-30366	153	24	that	that	SCONJ
cjfa-30366	153	25	the	the	DET
cjfa-30366	153	26	news	news	NOUN
cjfa-30366	153	27	will	will	AUX
cjfa-30366	153	28	be	be	AUX
cjfa-30366	153	29	bad	bad	ADJ
cjfa-30366	153	30	.	.	PUNCT
cjfa-30366	154	1	the	the	DET
cjfa-30366	154	2	expected	expect	VERB
cjfa-30366	154	3	price	price	NOUN
cjfa-30366	154	4	in	in	ADP
cjfa-30366	154	5	time	time	NOUN
cjfa-30366	154	6	t	t	PROPN
cjfa-30366	154	7	,	,	PUNCT
cjfa-30366	154	8	𝐸𝐸(𝑆𝑆	𝐸𝐸(𝑆𝑆	NOUN
cjfa-30366	154	9	�	�	PROPN
cjfa-30366	154	10	)	)	PUNCT
cjfa-30366	155	1	=	=	SYM
cjfa-30366	155	2	𝑝𝑝	𝑝𝑝	PROPN
cjfa-30366	155	3	𝑝	𝑝	PROPN
cjfa-30366	155	4	𝑆𝑆	𝑆𝑆	PROPN
cjfa-30366	155	5	�	�	PROPN
cjfa-30366	155	6	+	+	CCONJ
cjfa-30366	155	7	(	(	PUNCT
cjfa-30366	155	8	1	1	NUM
cjfa-30366	155	9	−	−	PROPN
cjfa-30366	155	10	𝑝𝑝	𝑝𝑝	NOUN
cjfa-30366	155	11	)	)	PUNCT
cjfa-30366	155	12	𝑝	𝑝	PROPN
cjfa-30366	155	13	𝑆𝑆	𝑆𝑆	PROPN
cjfa-30366	155	14	�	�	PROPN
cjfa-30366	155	15	eq	eq	PROPN
cjfa-30366	155	16	.	.	PUNCT
cjfa-30366	156	1	(	(	PUNCT
cjfa-30366	156	2	2	2	X
cjfa-30366	156	3	)	)	PUNCT
cjfa-30366	156	4	a	a	DET
cjfa-30366	156	5	poisson	poisson	NOUN
cjfa-30366	156	6	distribution	distribution	NOUN
cjfa-30366	156	7	would	would	AUX
cjfa-30366	156	8	simulate	simulate	VERB
cjfa-30366	156	9	the	the	DET
cjfa-30366	156	10	arrival	arrival	NOUN
cjfa-30366	156	11	of	of	ADP
cjfa-30366	156	12	more	more	ADV
cjfa-30366	156	13	informed	informed	ADJ
cjfa-30366	156	14	specialist	specialist	ADJ
cjfa-30366	156	15	traders	trader	NOUN
cjfa-30366	156	16	at	at	ADP
cjfa-30366	156	17	a	a	DET
cjfa-30366	156	18	known	know	VERB
cjfa-30366	156	19	rate	rate	NOUN
cjfa-30366	156	20	μ	μ	PROPN
cjfa-30366	156	21	,	,	PUNCT
cjfa-30366	156	22	and	and	CCONJ
cjfa-30366	156	23	normal	normal	ADJ
cjfa-30366	156	24	traders	trader	NOUN
cjfa-30366	156	25	at	at	ADP
cjfa-30366	156	26	known	know	VERB
cjfa-30366	156	27	rate	rate	NOUN
cjfa-30366	156	28	ε	ε	PROPN
cjfa-30366	156	29	.	.	PUNCT
cjfa-30366	157	1	the	the	DET
cjfa-30366	157	2	standard	standard	ADJ
cjfa-30366	157	3	case	case	NOUN
cjfa-30366	157	4	of	of	ADP
cjfa-30366	157	5	probability	probability	NOUN
cjfa-30366	157	6	of	of	ADP
cjfa-30366	157	7	arrival	arrival	NOUN
cjfa-30366	157	8	of	of	ADP
cjfa-30366	157	9	information	information	NOUN
cjfa-30366	157	10	is	be	AUX
cjfa-30366	157	11	(	(	PUNCT
cjfa-30366	157	12	p	p	NOUN
cjfa-30366	157	13	=	=	SYM
cjfa-30366	157	14	�	�	PROPN
cjfa-30366	157	15	�	�	PROPN
cjfa-30366	157	16	)	)	PUNCT
cjfa-30366	157	17	,	,	PUNCT
cjfa-30366	157	18	and	and	CCONJ
cjfa-30366	157	19	probability	probability	NOUN
cjfa-30366	157	20	of	of	ADP
cjfa-30366	157	21	good	good	ADJ
cjfa-30366	157	22	or	or	CCONJ
cjfa-30366	157	23	bad	bad	ADJ
cjfa-30366	157	24	is	be	AUX
cjfa-30366	157	25	(	(	PUNCT
cjfa-30366	157	26	p	p	NOUN
cjfa-30366	157	27	=	=	SYM
cjfa-30366	157	28	�	�	PROPN
cjfa-30366	157	29	�	�	PROPN
cjfa-30366	157	30	)	)	PUNCT
cjfa-30366	157	31	gives	give	VERB
cjfa-30366	157	32	rise	rise	NOUN
cjfa-30366	157	33	to	to	ADP
cjfa-30366	157	34	eq	eq	NOUN
cjfa-30366	157	35	.	.	PUNCT
cjfa-30366	158	1	(	(	PUNCT
cjfa-30366	158	2	3	3	NUM
cjfa-30366	158	3	)	)	PUNCT
cjfa-30366	158	4	;	;	PUNCT
cjfa-30366	158	5	𝑃𝑃𝑃𝑃𝑃𝑃	𝑃𝑃𝑃𝑃𝑃𝑃	PROPN
cjfa-30366	158	6	=	=	SYM
cjfa-30366	158	7	�	�	PROPN
cjfa-30366	158	8	�	�	PROPN
cjfa-30366	158	9	�	�	PROPN
cjfa-30366	158	10	�	�	PROPN
cjfa-30366	158	11	eq	eq	PROPN
cjfa-30366	158	12	.	.	PUNCT
cjfa-30366	159	1	(	(	PUNCT
cjfa-30366	159	2	4	4	X
cjfa-30366	159	3	)	)	PUNCT
cjfa-30366	159	4	volume	volume	NOUN
cjfa-30366	159	5	flow	flow	NOUN
cjfa-30366	159	6	mimics	mimic	VERB
cjfa-30366	159	7	the	the	DET
cjfa-30366	159	8	arrival	arrival	NOUN
cjfa-30366	159	9	of	of	ADP
cjfa-30366	159	10	information	information	NOUN
cjfa-30366	159	11	during	during	ADP
cjfa-30366	159	12	the	the	DET
cjfa-30366	159	13	auction	auction	NOUN
cjfa-30366	159	14	.	.	PUNCT
cjfa-30366	160	1	the	the	DET
cjfa-30366	160	2	sample	sample	NOUN
cjfa-30366	160	3	of	of	ADP
cjfa-30366	160	4	volume	volume	NOUN
cjfa-30366	160	5	is	be	AUX
cjfa-30366	160	6	divided	divide	VERB
cjfa-30366	160	7	into	into	ADP
cjfa-30366	160	8	volume	volume	NOUN
cjfa-30366	160	9	buckets	bucket	NOUN
cjfa-30366	160	10	such	such	ADJ
cjfa-30366	160	11	that	that	SCONJ
cjfa-30366	160	12	each	each	DET
cjfa-30366	160	13	bucket	bucket	NOUN
cjfa-30366	160	14	comprises	comprise	VERB
cjfa-30366	160	15	equal	equal	ADJ
cjfa-30366	160	16	volume	volume	NOUN
cjfa-30366	160	17	.	.	PUNCT
cjfa-30366	161	1	the	the	DET
cjfa-30366	161	2	volume	volume	NOUN
cjfa-30366	161	3	is	be	AUX
cjfa-30366	161	4	classified	classify	VERB
cjfa-30366	161	5	as	as	ADP
cjfa-30366	161	6	buy	buy	NOUN
cjfa-30366	161	7	,	,	PUNCT
cjfa-30366	161	8	and	and	CCONJ
cjfa-30366	161	9	sell	sell	VERB
cjfa-30366	161	10	.	.	PUNCT
cjfa-30366	162	1	within	within	ADP
cjfa-30366	162	2	a	a	DET
cjfa-30366	162	3	given	give	VERB
cjfa-30366	162	4	volume	volume	NOUN
cjfa-30366	162	5	bucket	bucket	NOUN
cjfa-30366	162	6	,	,	PUNCT
cjfa-30366	162	7	the	the	DET
cjfa-30366	162	8	volume	volume	NOUN
cjfa-30366	162	9	is	be	AUX
cjfa-30366	162	10	the	the	DET
cjfa-30366	162	11	total	total	NOUN
cjfa-30366	162	12	of	of	ADP
cjfa-30366	162	13	buy	buy	NOUN
cjfa-30366	162	14	volume	volume	NOUN
cjfa-30366	162	15	(	(	PUNCT
cjfa-30366	162	16	vb	vb	NOUN
cjfa-30366	162	17	traded	trade	VERB
cjfa-30366	162	18	against	against	ADP
cjfa-30366	162	19	the	the	DET
cjfa-30366	162	20	ask	ask	NOUN
cjfa-30366	162	21	)	)	PUNCT
cjfa-30366	162	22	,	,	PUNCT
cjfa-30366	162	23	and	and	CCONJ
cjfa-30366	162	24	sell	sell	VERB
cjfa-30366	162	25	volume	volume	NOUN
cjfa-30366	162	26	(	(	PUNCT
cjfa-30366	162	27	vs	vs	NOUN
cjfa-30366	162	28	)	)	PUNCT
cjfa-30366	162	29	.	.	PUNCT
cjfa-30366	163	1	all	all	DET
cjfa-30366	163	2	the	the	DET
cjfa-30366	163	3	buckets	bucket	NOUN
cjfa-30366	163	4	are	be	AUX
cjfa-30366	163	5	of	of	ADP
cjfa-30366	163	6	equal	equal	ADJ
cjfa-30366	163	7	size	size	NOUN
cjfa-30366	163	8	,	,	PUNCT
cjfa-30366	163	9	v	v	NOUN
cjfa-30366	163	10	=	=	PRON
cjfa-30366	163	11	𝑛𝑛	𝑛𝑛	PART
cjfa-30366	163	12	𝑝	𝑝	NOUN
cjfa-30366	163	13	(	(	PUNCT
cjfa-30366	163	14	𝑛𝑛	𝑛𝑛	NOUN
cjfa-30366	163	15	�	�	PROPN
cjfa-30366	163	16	+	+	CCONJ
cjfa-30366	163	17	𝑛𝑛	𝑛𝑛	NOUN
cjfa-30366	163	18	�	�	PROPN
cjfa-30366	163	19	)	)	PUNCT
cjfa-30366	164	1	=	=	PRON
cjfa-30366	164	2	𝑛𝑛	𝑛𝑛	PART
cjfa-30366	164	3	𝑝	𝑝	PROPN
cjfa-30366	164	4	𝑛𝑛	𝑛𝑛	PRON
cjfa-30366	164	5	�	�	PROPN
cjfa-30366	164	6	eq	eq	ADP
cjfa-30366	164	7	.	.	PUNCT
cjfa-30366	165	1	(	(	PUNCT
cjfa-30366	165	2	5	5	NUM
cjfa-30366	165	3	)	)	PUNCT
cjfa-30366	165	4	where	where	SCONJ
cjfa-30366	165	5	n	n	PRON
cjfa-30366	165	6	is	be	AUX
cjfa-30366	165	7	the	the	DET
cjfa-30366	165	8	number	number	NOUN
cjfa-30366	165	9	of	of	ADP
cjfa-30366	165	10	buckets	bucket	NOUN
cjfa-30366	165	11	.	.	PUNCT
cjfa-30366	166	1	vt	vt	PROPN
cjfa-30366	166	2	is	be	AUX
cjfa-30366	166	3	the	the	DET
cjfa-30366	166	4	total	total	ADJ
cjfa-30366	166	5	volume	volume	NOUN
cjfa-30366	166	6	per	per	ADP
cjfa-30366	166	7	bucket	bucket	NOUN
cjfa-30366	166	8	where	where	SCONJ
cjfa-30366	166	9	all	all	DET
cjfa-30366	166	10	buckets	bucket	NOUN
cjfa-30366	166	11	will	will	AUX
cjfa-30366	166	12	contain	contain	VERB
cjfa-30366	166	13	an	an	DET
cjfa-30366	166	14	equal	equal	ADJ
cjfa-30366	166	15	amount	amount	NOUN
cjfa-30366	166	16	of	of	ADP
cjfa-30366	166	17	volume	volume	NOUN
cjfa-30366	166	18	v.	v.	ADP
cjfa-30366	166	19	order	order	NOUN
cjfa-30366	166	20	imbalance	imbalance	NOUN
cjfa-30366	166	21	exists	exist	VERB
cjfa-30366	166	22	with	with	ADP
cjfa-30366	166	23	the	the	DET
cjfa-30366	166	24	excess	excess	NOUN
cjfa-30366	166	25	of	of	ADP
cjfa-30366	166	26	buy	buy	ADJ
cjfa-30366	166	27	orders	order	NOUN
cjfa-30366	166	28	over	over	ADP
cjfa-30366	166	29	the	the	DET
cjfa-30366	166	30	sell	sell	NOUN
cjfa-30366	166	31	orders	order	NOUN
cjfa-30366	166	32	for	for	ADP
cjfa-30366	166	33	each	each	DET
cjfa-30366	166	34	stock	stock	NOUN
cjfa-30366	166	35	.	.	PUNCT
cjfa-30366	167	1	we	we	PRON
cjfa-30366	167	2	calculate	calculate	VERB
cjfa-30366	167	3	order	order	NOUN
cjfa-30366	167	4	imbalance	imbalance	NOUN
cjfa-30366	167	5	for	for	ADP
cjfa-30366	167	6	each	each	DET
cjfa-30366	167	7	stock	stock	NOUN
cjfa-30366	167	8	on	on	ADP
cjfa-30366	167	9	day	day	NOUN
cjfa-30366	167	10	t	t	PROPN
cjfa-30366	167	11	,	,	PUNCT
cjfa-30366	167	12	as	as	ADP
cjfa-30366	167	13	;	;	PUNCT
cjfa-30366	167	14	and	and	CCONJ
cjfa-30366	167	15	probability	probability	NOUN
cjfa-30366	167	16	of	of	ADP
cjfa-30366	167	17	good	good	ADJ
cjfa-30366	167	18	or	or	CCONJ
cjfa-30366	167	19	bad	bad	ADJ
cjfa-30366	167	20	is	be	AUX
cjfa-30366	167	21	of	of	ADP
cjfa-30366	167	22	information	information	NOUN
cjfa-30366	167	23	(	(	PUNCT
cjfa-30366	167	24	vpin	vpin	ADJ
cjfa-30366	167	25	)	)	PUNCT
cjfa-30366	167	26	(	(	PUNCT
cjfa-30366	167	27	easley	easley	PROPN
cjfa-30366	167	28	,	,	PUNCT
cjfa-30366	167	29	hvidkjaer	hvidkjaer	VERB
cjfa-30366	167	30	,	,	PUNCT
cjfa-30366	167	31	and	and	CCONJ
cjfa-30366	167	32	o’hara	o’hara	NOUN
cjfa-30366	167	33	,	,	PUNCT
cjfa-30366	167	34	(	(	PUNCT
cjfa-30366	167	35	2002	2002	NUM
cjfa-30366	167	36	)	)	PUNCT
cjfa-30366	167	37	,	,	PUNCT
cjfa-30366	167	38	which	which	PRON
cjfa-30366	167	39	owes	owe	VERB
cjfa-30366	167	40	itself	itself	PRON
cjfa-30366	167	41	to	to	ADP
cjfa-30366	167	42	basic	basic	ADJ
cjfa-30366	167	43	pin	pin	NOUN
cjfa-30366	167	44	(	(	PUNCT
cjfa-30366	167	45	easley	easley	PROPN
cjfa-30366	167	46	et	et	PROPN
cjfa-30366	167	47	al	al	PROPN
cjfa-30366	167	48	.	.	PROPN
cjfa-30366	167	49	,	,	PUNCT
cjfa-30366	167	50	1996	1996	NUM
cjfa-30366	167	51	)	)	PUNCT
cjfa-30366	167	52	.	.	PUNCT
cjfa-30366	168	1	probability	probability	NOUN
cjfa-30366	168	2	informed	informed	ADJ
cjfa-30366	168	3	trading	trading	NOUN
cjfa-30366	168	4	(	(	PUNCT
cjfa-30366	168	5	pin	pin	NOUN
cjfa-30366	168	6	)	)	PUNCT
cjfa-30366	168	7	is	be	AUX
cjfa-30366	168	8	computed	compute	VERB
cjfa-30366	168	9	from	from	ADP
cjfa-30366	168	10	the	the	DET
cjfa-30366	168	11	expected	expect	VERB
cjfa-30366	168	12	probability	probability	NOUN
cjfa-30366	168	13	of	of	ADP
cjfa-30366	168	14	information	information	NOUN
cjfa-30366	168	15	that	that	PRON
cjfa-30366	168	16	could	could	AUX
cjfa-30366	168	17	cause	cause	VERB
cjfa-30366	168	18	a	a	DET
cjfa-30366	168	19	change	change	NOUN
cjfa-30366	168	20	in	in	ADP
cjfa-30366	168	21	quoted	quote	VERB
cjfa-30366	168	22	price	price	NOUN
cjfa-30366	168	23	.	.	PUNCT
cjfa-30366	169	1	bayesian	bayesian	NOUN
cjfa-30366	169	2	incidences	incidence	NOUN
cjfa-30366	169	3	or	or	CCONJ
cjfa-30366	169	4	prior	prior	ADJ
cjfa-30366	169	5	probabilities	probability	NOUN
cjfa-30366	169	6	are	be	AUX
cjfa-30366	169	7	used	use	VERB
cjfa-30366	169	8	to	to	PART
cjfa-30366	169	9	arrive	arrive	VERB
cjfa-30366	169	10	at	at	ADP
cjfa-30366	169	11	the	the	DET
cjfa-30366	169	12	expected	expect	VERB
cjfa-30366	169	13	information	information	NOUN
cjfa-30366	169	14	content	content	NOUN
cjfa-30366	169	15	.	.	PUNCT
cjfa-30366	170	1	both	both	DET
cjfa-30366	170	2	pin	pin	PROPN
cjfa-30366	170	3	(	(	PUNCT
cjfa-30366	170	4	easley	easley	PROPN
cjfa-30366	170	5	et	et	PROPN
cjfa-30366	170	6	al	al	PROPN
cjfa-30366	170	7	.	.	PROPN
cjfa-30366	170	8	1996	1996	NUM
cjfa-30366	170	9	)	)	PUNCT
cjfa-30366	170	10	and	and	CCONJ
cjfa-30366	170	11	vpin	vpin	ADJ
cjfa-30366	170	12	(	(	PUNCT
cjfa-30366	170	13	easley	easley	PROPN
cjfa-30366	170	14	et	et	PROPN
cjfa-30366	170	15	al	al	PROPN
cjfa-30366	170	16	.	.	PROPN
cjfa-30366	170	17	2002	2002	NUM
cjfa-30366	170	18	)	)	PUNCT
cjfa-30366	170	19	include	include	VERB
cjfa-30366	170	20	information	information	NOUN
cjfa-30366	170	21	on	on	ADP
cjfa-30366	170	22	volume	volume	NOUN
cjfa-30366	170	23	,	,	PUNCT
cjfa-30366	170	24	time	time	NOUN
cjfa-30366	170	25	,	,	PUNCT
cjfa-30366	170	26	classified	classified	ADJ
cjfa-30366	170	27	trades	trade	NOUN
cjfa-30366	170	28	and	and	CCONJ
cjfa-30366	170	29	trade	trade	NOUN
cjfa-30366	170	30	intensity	intensity	NOUN
cjfa-30366	170	31	,	,	PUNCT
cjfa-30366	170	32	which	which	PRON
cjfa-30366	170	33	can	can	AUX
cjfa-30366	170	34	not	not	PART
cjfa-30366	170	35	be	be	AUX
cjfa-30366	170	36	easily	easily	ADV
cjfa-30366	170	37	applied	apply	VERB
cjfa-30366	170	38	to	to	ADP
cjfa-30366	170	39	regional	regional	ADJ
cjfa-30366	170	40	exchanges	exchange	NOUN
cjfa-30366	170	41	(	(	PUNCT
cjfa-30366	170	42	e.g.	e.g.	ADV
cjfa-30366	170	43	,	,	PUNCT
cjfa-30366	170	44	nse	nse	NOUN
cjfa-30366	170	45	)	)	PUNCT
cjfa-30366	170	46	because	because	SCONJ
cjfa-30366	170	47	of	of	ADP
cjfa-30366	170	48	its	its	PRON
cjfa-30366	170	49	smaller	small	ADJ
cjfa-30366	170	50	scale	scale	NOUN
cjfa-30366	170	51	and	and	CCONJ
cjfa-30366	170	52	short	short	ADJ
cjfa-30366	170	53	duration	duration	NOUN
cjfa-30366	170	54	interval	interval	NOUN
cjfa-30366	170	55	in	in	ADP
cjfa-30366	170	56	nature	nature	NOUN
cjfa-30366	170	57	.	.	PUNCT
cjfa-30366	171	1	to	to	PART
cjfa-30366	171	2	simplify	simplify	VERB
cjfa-30366	171	3	the	the	DET
cjfa-30366	171	4	vpin	vpin	NOUN
cjfa-30366	171	5	to	to	ADP
cjfa-30366	171	6	the	the	DET
cjfa-30366	171	7	setting	setting	NOUN
cjfa-30366	171	8	of	of	ADP
cjfa-30366	171	9	a	a	DET
cjfa-30366	171	10	regional	regional	ADJ
cjfa-30366	171	11	exchange	exchange	NOUN
cjfa-30366	171	12	(	(	PUNCT
cjfa-30366	171	13	e.g.	e.g.	ADV
cjfa-30366	171	14	,	,	PUNCT
cjfa-30366	171	15	nse	nse	NOUN
cjfa-30366	171	16	)	)	PUNCT
cjfa-30366	171	17	,	,	PUNCT
cjfa-30366	171	18	we	we	PRON
cjfa-30366	171	19	proceed	proceed	VERB
cjfa-30366	171	20	as	as	SCONJ
cjfa-30366	171	21	follows	follow	VERB
cjfa-30366	171	22	.	.	PUNCT
cjfa-30366	172	1	let	let	VERB
cjfa-30366	172	2	’s	’s	NOUN
cjfa-30366	172	3	denote	denote	VERB
cjfa-30366	172	4	a	a	DET
cjfa-30366	172	5	security	security	NOUN
cjfa-30366	172	6	's	's	PART
cjfa-30366	172	7	current	current	ADJ
cjfa-30366	172	8	price	price	NOUN
cjfa-30366	172	9	as	as	ADP
cjfa-30366	172	10	s0	s0	PROPN
cjfa-30366	172	11	.	.	PUNCT
cjfa-30366	173	1	the	the	DET
cjfa-30366	173	2	arrival	arrival	NOUN
cjfa-30366	173	3	and	and	CCONJ
cjfa-30366	173	4	transmission	transmission	NOUN
cjfa-30366	173	5	of	of	ADP
cjfa-30366	173	6	new	new	ADJ
cjfa-30366	173	7	information	information	NOUN
cjfa-30366	173	8	causes	cause	VERB
cjfa-30366	173	9	the	the	DET
cjfa-30366	173	10	price	price	NOUN
cjfa-30366	173	11	,	,	PUNCT
cjfa-30366	173	12	s0	s0	PROPN
cjfa-30366	173	13	to	to	PART
cjfa-30366	173	14	be	be	AUX
cjfa-30366	173	15	either	either	DET
cjfa-30366	173	16	sb	sb	PROPN
cjfa-30366	173	17	(	(	PUNCT
cjfa-30366	173	18	due	due	ADP
cjfa-30366	173	19	to	to	ADP
cjfa-30366	173	20	bad	bad	ADJ
cjfa-30366	173	21	news	news	NOUN
cjfa-30366	173	22	)	)	PUNCT
cjfa-30366	173	23	or	or	CCONJ
cjfa-30366	173	24	sg	sg	X
cjfa-30366	173	25	(	(	PUNCT
cjfa-30366	173	26	due	due	ADP
cjfa-30366	173	27	to	to	ADP
cjfa-30366	173	28	good	good	ADJ
cjfa-30366	173	29	news	news	NOUN
cjfa-30366	173	30	)	)	PUNCT
cjfa-30366	173	31	with	with	ADP
cjfa-30366	173	32	some	some	DET
cjfa-30366	173	33	probability	probability	NOUN
cjfa-30366	173	34	(	(	PUNCT
cjfa-30366	173	35	p	p	NOUN
cjfa-30366	173	36	≥	≥	NOUN
cjfa-30366	173	37	0	0	NUM
cjfa-30366	173	38	)	)	PUNCT
cjfa-30366	173	39	.	.	PUNCT
cjfa-30366	174	1	the	the	DET
cjfa-30366	174	2	probability	probability	NOUN
cjfa-30366	174	3	(	(	PUNCT
cjfa-30366	174	4	p	p	NOUN
cjfa-30366	174	5	≥	≥	NOUN
cjfa-30366	174	6	0	0	NUM
cjfa-30366	174	7	)	)	PUNCT
cjfa-30366	174	8	that	that	SCONJ
cjfa-30366	174	9	the	the	DET
cjfa-30366	174	10	news	news	NOUN
cjfa-30366	174	11	is	be	AUX
cjfa-30366	174	12	good	good	ADJ
cjfa-30366	174	13	news	news	NOUN
cjfa-30366	174	14	and	and	CCONJ
cjfa-30366	174	15	a	a	DET
cjfa-30366	174	16	probability	probability	NOUN
cjfa-30366	174	17	(	(	PUNCT
cjfa-30366	174	18	1	1	NUM
cjfa-30366	174	19	-	-	NUM
cjfa-30366	174	20	p	p	X
cjfa-30366	174	21	≥	≥	NOUN
cjfa-30366	174	22	0	0	NUM
cjfa-30366	174	23	)	)	PUNCT
cjfa-30366	174	24	that	that	SCONJ
cjfa-30366	174	25	the	the	DET
cjfa-30366	174	26	news	news	NOUN
cjfa-30366	174	27	will	will	AUX
cjfa-30366	174	28	be	be	AUX
cjfa-30366	174	29	bad	bad	ADJ
cjfa-30366	174	30	.	.	PUNCT
cjfa-30366	175	1	the	the	DET
cjfa-30366	175	2	expected	expect	VERB
cjfa-30366	175	3	price	price	NOUN
cjfa-30366	175	4	in	in	ADP
cjfa-30366	175	5	time	time	NOUN
cjfa-30366	175	6	t	t	PROPN
cjfa-30366	175	7	,	,	PUNCT
cjfa-30366	175	8	𝐸𝐸(𝑆𝑆	𝐸𝐸(𝑆𝑆	NOUN
cjfa-30366	175	9	�	�	PROPN
cjfa-30366	175	10	)	)	PUNCT
cjfa-30366	176	1	=	=	SYM
cjfa-30366	176	2	𝑝𝑝	𝑝𝑝	PROPN
cjfa-30366	176	3	𝑝	𝑝	PROPN
cjfa-30366	176	4	𝑆𝑆	𝑆𝑆	PROPN
cjfa-30366	176	5	�	�	PROPN
cjfa-30366	176	6	+	+	CCONJ
cjfa-30366	176	7	(	(	PUNCT
cjfa-30366	176	8	1	1	NUM
cjfa-30366	176	9	−	−	PROPN
cjfa-30366	176	10	𝑝𝑝	𝑝𝑝	NOUN
cjfa-30366	176	11	)	)	PUNCT
cjfa-30366	176	12	𝑝	𝑝	PROPN
cjfa-30366	176	13	𝑆𝑆	𝑆𝑆	PROPN
cjfa-30366	176	14	�	�	PROPN
cjfa-30366	176	15	eq	eq	PROPN
cjfa-30366	176	16	.	.	PUNCT
cjfa-30366	177	1	(	(	PUNCT
cjfa-30366	177	2	2	2	X
cjfa-30366	177	3	)	)	PUNCT
cjfa-30366	177	4	a	a	DET
cjfa-30366	177	5	poisson	poisson	NOUN
cjfa-30366	177	6	distribution	distribution	NOUN
cjfa-30366	177	7	would	would	AUX
cjfa-30366	177	8	simulate	simulate	VERB
cjfa-30366	177	9	the	the	DET
cjfa-30366	177	10	arrival	arrival	NOUN
cjfa-30366	177	11	of	of	ADP
cjfa-30366	177	12	more	more	ADV
cjfa-30366	177	13	informed	informed	ADJ
cjfa-30366	177	14	specialist	specialist	ADJ
cjfa-30366	177	15	traders	trader	NOUN
cjfa-30366	177	16	at	at	ADP
cjfa-30366	177	17	a	a	DET
cjfa-30366	177	18	known	know	VERB
cjfa-30366	177	19	rate	rate	NOUN
cjfa-30366	177	20	μ	μ	PROPN
cjfa-30366	177	21	,	,	PUNCT
cjfa-30366	177	22	and	and	CCONJ
cjfa-30366	177	23	normal	normal	ADJ
cjfa-30366	177	24	traders	trader	NOUN
cjfa-30366	177	25	at	at	ADP
cjfa-30366	177	26	known	know	VERB
cjfa-30366	177	27	rate	rate	NOUN
cjfa-30366	177	28	ε	ε	PROPN
cjfa-30366	177	29	.	.	PUNCT
cjfa-30366	178	1	the	the	DET
cjfa-30366	178	2	standard	standard	ADJ
cjfa-30366	178	3	case	case	NOUN
cjfa-30366	178	4	of	of	ADP
cjfa-30366	178	5	probability	probability	NOUN
cjfa-30366	178	6	of	of	ADP
cjfa-30366	178	7	arrival	arrival	NOUN
cjfa-30366	178	8	of	of	ADP
cjfa-30366	178	9	information	information	NOUN
cjfa-30366	178	10	is	be	AUX
cjfa-30366	178	11	(	(	PUNCT
cjfa-30366	178	12	p	p	NOUN
cjfa-30366	178	13	=	=	SYM
cjfa-30366	178	14	�	�	PROPN
cjfa-30366	178	15	�	�	PROPN
cjfa-30366	178	16	)	)	PUNCT
cjfa-30366	178	17	,	,	PUNCT
cjfa-30366	178	18	and	and	CCONJ
cjfa-30366	178	19	probability	probability	NOUN
cjfa-30366	178	20	of	of	ADP
cjfa-30366	178	21	good	good	ADJ
cjfa-30366	178	22	or	or	CCONJ
cjfa-30366	178	23	bad	bad	ADJ
cjfa-30366	178	24	is	be	AUX
cjfa-30366	178	25	(	(	PUNCT
cjfa-30366	178	26	p	p	NOUN
cjfa-30366	178	27	=	=	SYM
cjfa-30366	178	28	�	�	PROPN
cjfa-30366	178	29	�	�	PROPN
cjfa-30366	178	30	)	)	PUNCT
cjfa-30366	178	31	gives	give	VERB
cjfa-30366	178	32	rise	rise	NOUN
cjfa-30366	178	33	to	to	ADP
cjfa-30366	178	34	eq	eq	NOUN
cjfa-30366	178	35	.	.	PUNCT
cjfa-30366	179	1	(	(	PUNCT
cjfa-30366	179	2	3	3	NUM
cjfa-30366	179	3	)	)	PUNCT
cjfa-30366	179	4	;	;	PUNCT
cjfa-30366	179	5	𝑃𝑃𝑃𝑃𝑃𝑃	𝑃𝑃𝑃𝑃𝑃𝑃	PROPN
cjfa-30366	179	6	=	=	SYM
cjfa-30366	179	7	�	�	PROPN
cjfa-30366	179	8	�	�	PROPN
cjfa-30366	179	9	�	�	PROPN
cjfa-30366	179	10	�	�	PROPN
cjfa-30366	179	11	eq	eq	PROPN
cjfa-30366	179	12	.	.	PUNCT
cjfa-30366	180	1	(	(	PUNCT
cjfa-30366	180	2	4	4	X
cjfa-30366	180	3	)	)	PUNCT
cjfa-30366	180	4	volume	volume	NOUN
cjfa-30366	180	5	flow	flow	NOUN
cjfa-30366	180	6	mimics	mimic	VERB
cjfa-30366	180	7	the	the	DET
cjfa-30366	180	8	arrival	arrival	NOUN
cjfa-30366	180	9	of	of	ADP
cjfa-30366	180	10	information	information	NOUN
cjfa-30366	180	11	during	during	ADP
cjfa-30366	180	12	the	the	DET
cjfa-30366	180	13	auction	auction	NOUN
cjfa-30366	180	14	.	.	PUNCT
cjfa-30366	181	1	the	the	DET
cjfa-30366	181	2	sample	sample	NOUN
cjfa-30366	181	3	of	of	ADP
cjfa-30366	181	4	volume	volume	NOUN
cjfa-30366	181	5	is	be	AUX
cjfa-30366	181	6	divided	divide	VERB
cjfa-30366	181	7	into	into	ADP
cjfa-30366	181	8	volume	volume	NOUN
cjfa-30366	181	9	buckets	bucket	NOUN
cjfa-30366	181	10	such	such	ADJ
cjfa-30366	181	11	that	that	SCONJ
cjfa-30366	181	12	each	each	DET
cjfa-30366	181	13	bucket	bucket	NOUN
cjfa-30366	181	14	comprises	comprise	VERB
cjfa-30366	181	15	equal	equal	ADJ
cjfa-30366	181	16	volume	volume	NOUN
cjfa-30366	181	17	.	.	PUNCT
cjfa-30366	182	1	the	the	DET
cjfa-30366	182	2	volume	volume	NOUN
cjfa-30366	182	3	is	be	AUX
cjfa-30366	182	4	classified	classify	VERB
cjfa-30366	182	5	as	as	ADP
cjfa-30366	182	6	buy	buy	NOUN
cjfa-30366	182	7	,	,	PUNCT
cjfa-30366	182	8	and	and	CCONJ
cjfa-30366	182	9	sell	sell	VERB
cjfa-30366	182	10	.	.	PUNCT
cjfa-30366	183	1	within	within	ADP
cjfa-30366	183	2	a	a	DET
cjfa-30366	183	3	given	give	VERB
cjfa-30366	183	4	volume	volume	NOUN
cjfa-30366	183	5	bucket	bucket	NOUN
cjfa-30366	183	6	,	,	PUNCT
cjfa-30366	183	7	the	the	DET
cjfa-30366	183	8	volume	volume	NOUN
cjfa-30366	183	9	is	be	AUX
cjfa-30366	183	10	the	the	DET
cjfa-30366	183	11	total	total	NOUN
cjfa-30366	183	12	of	of	ADP
cjfa-30366	183	13	buy	buy	NOUN
cjfa-30366	183	14	volume	volume	NOUN
cjfa-30366	183	15	(	(	PUNCT
cjfa-30366	183	16	vb	vb	NOUN
cjfa-30366	183	17	traded	trade	VERB
cjfa-30366	183	18	against	against	ADP
cjfa-30366	183	19	the	the	DET
cjfa-30366	183	20	ask	ask	NOUN
cjfa-30366	183	21	)	)	PUNCT
cjfa-30366	183	22	,	,	PUNCT
cjfa-30366	183	23	and	and	CCONJ
cjfa-30366	183	24	sell	sell	VERB
cjfa-30366	183	25	volume	volume	NOUN
cjfa-30366	183	26	(	(	PUNCT
cjfa-30366	183	27	vs	vs	NOUN
cjfa-30366	183	28	)	)	PUNCT
cjfa-30366	183	29	.	.	PUNCT
cjfa-30366	184	1	all	all	DET
cjfa-30366	184	2	the	the	DET
cjfa-30366	184	3	buckets	bucket	NOUN
cjfa-30366	184	4	are	be	AUX
cjfa-30366	184	5	of	of	ADP
cjfa-30366	184	6	equal	equal	ADJ
cjfa-30366	184	7	size	size	NOUN
cjfa-30366	184	8	,	,	PUNCT
cjfa-30366	184	9	v	v	NOUN
cjfa-30366	184	10	=	=	PRON
cjfa-30366	184	11	𝑛𝑛	𝑛𝑛	PART
cjfa-30366	184	12	𝑝	𝑝	NOUN
cjfa-30366	184	13	(	(	PUNCT
cjfa-30366	184	14	𝑛𝑛	𝑛𝑛	NOUN
cjfa-30366	184	15	�	�	PROPN
cjfa-30366	184	16	+	+	CCONJ
cjfa-30366	184	17	𝑛𝑛	𝑛𝑛	NOUN
cjfa-30366	184	18	�	�	PROPN
cjfa-30366	184	19	)	)	PUNCT
cjfa-30366	185	1	=	=	PRON
cjfa-30366	185	2	𝑛𝑛	𝑛𝑛	PART
cjfa-30366	185	3	𝑝	𝑝	PROPN
cjfa-30366	185	4	𝑛𝑛	𝑛𝑛	PRON
cjfa-30366	185	5	�	�	PROPN
cjfa-30366	185	6	eq	eq	ADP
cjfa-30366	185	7	.	.	PUNCT
cjfa-30366	186	1	(	(	PUNCT
cjfa-30366	186	2	5	5	NUM
cjfa-30366	186	3	)	)	PUNCT
cjfa-30366	186	4	where	where	SCONJ
cjfa-30366	186	5	n	n	PRON
cjfa-30366	186	6	is	be	AUX
cjfa-30366	186	7	the	the	DET
cjfa-30366	186	8	number	number	NOUN
cjfa-30366	186	9	of	of	ADP
cjfa-30366	186	10	buckets	bucket	NOUN
cjfa-30366	186	11	.	.	PUNCT
cjfa-30366	187	1	vt	vt	PROPN
cjfa-30366	187	2	is	be	AUX
cjfa-30366	187	3	the	the	DET
cjfa-30366	187	4	total	total	ADJ
cjfa-30366	187	5	volume	volume	NOUN
cjfa-30366	187	6	per	per	ADP
cjfa-30366	187	7	bucket	bucket	NOUN
cjfa-30366	187	8	where	where	SCONJ
cjfa-30366	187	9	all	all	DET
cjfa-30366	187	10	buckets	bucket	NOUN
cjfa-30366	187	11	will	will	AUX
cjfa-30366	187	12	contain	contain	VERB
cjfa-30366	187	13	an	an	DET
cjfa-30366	187	14	equal	equal	ADJ
cjfa-30366	187	15	amount	amount	NOUN
cjfa-30366	187	16	of	of	ADP
cjfa-30366	187	17	volume	volume	NOUN
cjfa-30366	187	18	v.	v.	ADP
cjfa-30366	187	19	order	order	NOUN
cjfa-30366	187	20	imbalance	imbalance	NOUN
cjfa-30366	187	21	exists	exist	VERB
cjfa-30366	187	22	with	with	ADP
cjfa-30366	187	23	the	the	DET
cjfa-30366	187	24	excess	excess	NOUN
cjfa-30366	187	25	of	of	ADP
cjfa-30366	187	26	buy	buy	ADJ
cjfa-30366	187	27	orders	order	NOUN
cjfa-30366	187	28	over	over	ADP
cjfa-30366	187	29	the	the	DET
cjfa-30366	187	30	sell	sell	NOUN
cjfa-30366	187	31	orders	order	NOUN
cjfa-30366	187	32	for	for	ADP
cjfa-30366	187	33	each	each	DET
cjfa-30366	187	34	stock	stock	NOUN
cjfa-30366	187	35	.	.	PUNCT
cjfa-30366	188	1	we	we	PRON
cjfa-30366	188	2	calculate	calculate	VERB
cjfa-30366	188	3	order	order	NOUN
cjfa-30366	188	4	imbalance	imbalance	NOUN
cjfa-30366	188	5	for	for	ADP
cjfa-30366	188	6	each	each	DET
cjfa-30366	188	7	stock	stock	NOUN
cjfa-30366	188	8	on	on	ADP
cjfa-30366	188	9	day	day	NOUN
cjfa-30366	188	10	t	t	PROPN
cjfa-30366	188	11	,	,	PUNCT
cjfa-30366	188	12	as	as	ADP
cjfa-30366	188	13	;	;	PUNCT
cjfa-30366	188	14	gives	give	VERB
cjfa-30366	188	15	rise	rise	NOUN
cjfa-30366	188	16	to	to	ADP
cjfa-30366	188	17	eq	eq	NOUN
cjfa-30366	188	18	.	.	PUNCT
cjfa-30366	189	1	(	(	PUNCT
cjfa-30366	189	2	3	3	X
cjfa-30366	189	3	)	)	PUNCT
cjfa-30366	189	4	of	of	ADP
cjfa-30366	189	5	information	information	NOUN
cjfa-30366	189	6	(	(	PUNCT
cjfa-30366	189	7	vpin	vpin	ADJ
cjfa-30366	189	8	)	)	PUNCT
cjfa-30366	189	9	(	(	PUNCT
cjfa-30366	189	10	easley	easley	PROPN
cjfa-30366	189	11	,	,	PUNCT
cjfa-30366	189	12	hvidkjaer	hvidkjaer	VERB
cjfa-30366	189	13	,	,	PUNCT
cjfa-30366	189	14	and	and	CCONJ
cjfa-30366	189	15	o’hara	o’hara	NOUN
cjfa-30366	189	16	,	,	PUNCT
cjfa-30366	189	17	(	(	PUNCT
cjfa-30366	189	18	2002	2002	NUM
cjfa-30366	189	19	)	)	PUNCT
cjfa-30366	189	20	,	,	PUNCT
cjfa-30366	189	21	which	which	PRON
cjfa-30366	189	22	owes	owe	VERB
cjfa-30366	189	23	itself	itself	PRON
cjfa-30366	189	24	to	to	ADP
cjfa-30366	189	25	basic	basic	ADJ
cjfa-30366	189	26	pin	pin	NOUN
cjfa-30366	189	27	(	(	PUNCT
cjfa-30366	189	28	easley	easley	PROPN
cjfa-30366	189	29	et	et	PROPN
cjfa-30366	189	30	al	al	PROPN
cjfa-30366	189	31	.	.	PROPN
cjfa-30366	189	32	,	,	PUNCT
cjfa-30366	189	33	1996	1996	NUM
cjfa-30366	189	34	)	)	PUNCT
cjfa-30366	189	35	.	.	PUNCT
cjfa-30366	190	1	probability	probability	NOUN
cjfa-30366	190	2	informed	informed	ADJ
cjfa-30366	190	3	trading	trading	NOUN
cjfa-30366	190	4	(	(	PUNCT
cjfa-30366	190	5	pin	pin	NOUN
cjfa-30366	190	6	)	)	PUNCT
cjfa-30366	190	7	is	be	AUX
cjfa-30366	190	8	computed	compute	VERB
cjfa-30366	190	9	from	from	ADP
cjfa-30366	190	10	the	the	DET
cjfa-30366	190	11	expected	expect	VERB
cjfa-30366	190	12	probability	probability	NOUN
cjfa-30366	190	13	of	of	ADP
cjfa-30366	190	14	information	information	NOUN
cjfa-30366	190	15	that	that	PRON
cjfa-30366	190	16	could	could	AUX
cjfa-30366	190	17	cause	cause	VERB
cjfa-30366	190	18	a	a	DET
cjfa-30366	190	19	change	change	NOUN
cjfa-30366	190	20	in	in	ADP
cjfa-30366	190	21	quoted	quote	VERB
cjfa-30366	190	22	price	price	NOUN
cjfa-30366	190	23	.	.	PUNCT
cjfa-30366	191	1	bayesian	bayesian	NOUN
cjfa-30366	191	2	incidences	incidence	NOUN
cjfa-30366	191	3	or	or	CCONJ
cjfa-30366	191	4	prior	prior	ADJ
cjfa-30366	191	5	probabilities	probability	NOUN
cjfa-30366	191	6	are	be	AUX
cjfa-30366	191	7	used	use	VERB
cjfa-30366	191	8	to	to	PART
cjfa-30366	191	9	arrive	arrive	VERB
cjfa-30366	191	10	at	at	ADP
cjfa-30366	191	11	the	the	DET
cjfa-30366	191	12	expected	expect	VERB
cjfa-30366	191	13	information	information	NOUN
cjfa-30366	191	14	content	content	NOUN
cjfa-30366	191	15	.	.	PUNCT
cjfa-30366	192	1	both	both	DET
cjfa-30366	192	2	pin	pin	PROPN
cjfa-30366	192	3	(	(	PUNCT
cjfa-30366	192	4	easley	easley	PROPN
cjfa-30366	192	5	et	et	PROPN
cjfa-30366	192	6	al	al	PROPN
cjfa-30366	192	7	.	.	PROPN
cjfa-30366	192	8	1996	1996	NUM
cjfa-30366	192	9	)	)	PUNCT
cjfa-30366	192	10	and	and	CCONJ
cjfa-30366	192	11	vpin	vpin	ADJ
cjfa-30366	192	12	(	(	PUNCT
cjfa-30366	192	13	easley	easley	PROPN
cjfa-30366	192	14	et	et	PROPN
cjfa-30366	192	15	al	al	PROPN
cjfa-30366	192	16	.	.	PROPN
cjfa-30366	192	17	2002	2002	NUM
cjfa-30366	192	18	)	)	PUNCT
cjfa-30366	192	19	include	include	VERB
cjfa-30366	192	20	information	information	NOUN
cjfa-30366	192	21	on	on	ADP
cjfa-30366	192	22	volume	volume	NOUN
cjfa-30366	192	23	,	,	PUNCT
cjfa-30366	192	24	time	time	NOUN
cjfa-30366	192	25	,	,	PUNCT
cjfa-30366	192	26	classified	classified	ADJ
cjfa-30366	192	27	trades	trade	NOUN
cjfa-30366	192	28	and	and	CCONJ
cjfa-30366	192	29	trade	trade	NOUN
cjfa-30366	192	30	intensity	intensity	NOUN
cjfa-30366	192	31	,	,	PUNCT
cjfa-30366	192	32	which	which	PRON
cjfa-30366	192	33	can	can	AUX
cjfa-30366	192	34	not	not	PART
cjfa-30366	192	35	be	be	AUX
cjfa-30366	192	36	easily	easily	ADV
cjfa-30366	192	37	applied	apply	VERB
cjfa-30366	192	38	to	to	ADP
cjfa-30366	192	39	regional	regional	ADJ
cjfa-30366	192	40	exchanges	exchange	NOUN
cjfa-30366	192	41	(	(	PUNCT
cjfa-30366	192	42	e.g.	e.g.	ADV
cjfa-30366	192	43	,	,	PUNCT
cjfa-30366	192	44	nse	nse	NOUN
cjfa-30366	192	45	)	)	PUNCT
cjfa-30366	192	46	because	because	SCONJ
cjfa-30366	192	47	of	of	ADP
cjfa-30366	192	48	its	its	PRON
cjfa-30366	192	49	smaller	small	ADJ
cjfa-30366	192	50	scale	scale	NOUN
cjfa-30366	192	51	and	and	CCONJ
cjfa-30366	192	52	short	short	ADJ
cjfa-30366	192	53	duration	duration	NOUN
cjfa-30366	192	54	interval	interval	NOUN
cjfa-30366	192	55	in	in	ADP
cjfa-30366	192	56	nature	nature	NOUN
cjfa-30366	192	57	.	.	PUNCT
cjfa-30366	193	1	to	to	PART
cjfa-30366	193	2	simplify	simplify	VERB
cjfa-30366	193	3	the	the	DET
cjfa-30366	193	4	vpin	vpin	NOUN
cjfa-30366	193	5	to	to	ADP
cjfa-30366	193	6	the	the	DET
cjfa-30366	193	7	setting	setting	NOUN
cjfa-30366	193	8	of	of	ADP
cjfa-30366	193	9	a	a	DET
cjfa-30366	193	10	regional	regional	ADJ
cjfa-30366	193	11	exchange	exchange	NOUN
cjfa-30366	193	12	(	(	PUNCT
cjfa-30366	193	13	e.g.	e.g.	ADV
cjfa-30366	193	14	,	,	PUNCT
cjfa-30366	193	15	nse	nse	NOUN
cjfa-30366	193	16	)	)	PUNCT
cjfa-30366	193	17	,	,	PUNCT
cjfa-30366	193	18	we	we	PRON
cjfa-30366	193	19	proceed	proceed	VERB
cjfa-30366	193	20	as	as	SCONJ
cjfa-30366	193	21	follows	follow	VERB
cjfa-30366	193	22	.	.	PUNCT
cjfa-30366	194	1	let	let	VERB
cjfa-30366	194	2	’s	’s	NOUN
cjfa-30366	194	3	denote	denote	VERB
cjfa-30366	194	4	a	a	DET
cjfa-30366	194	5	security	security	NOUN
cjfa-30366	194	6	's	's	PART
cjfa-30366	194	7	current	current	ADJ
cjfa-30366	194	8	price	price	NOUN
cjfa-30366	194	9	as	as	ADP
cjfa-30366	194	10	s0	s0	PROPN
cjfa-30366	194	11	.	.	PUNCT
cjfa-30366	195	1	the	the	DET
cjfa-30366	195	2	arrival	arrival	NOUN
cjfa-30366	195	3	and	and	CCONJ
cjfa-30366	195	4	transmission	transmission	NOUN
cjfa-30366	195	5	of	of	ADP
cjfa-30366	195	6	new	new	ADJ
cjfa-30366	195	7	information	information	NOUN
cjfa-30366	195	8	causes	cause	VERB
cjfa-30366	195	9	the	the	DET
cjfa-30366	195	10	price	price	NOUN
cjfa-30366	195	11	,	,	PUNCT
cjfa-30366	195	12	s0	s0	PROPN
cjfa-30366	195	13	to	to	PART
cjfa-30366	195	14	be	be	AUX
cjfa-30366	195	15	either	either	DET
cjfa-30366	195	16	sb	sb	PROPN
cjfa-30366	195	17	(	(	PUNCT
cjfa-30366	195	18	due	due	ADP
cjfa-30366	195	19	to	to	ADP
cjfa-30366	195	20	bad	bad	ADJ
cjfa-30366	195	21	news	news	NOUN
cjfa-30366	195	22	)	)	PUNCT
cjfa-30366	195	23	or	or	CCONJ
cjfa-30366	195	24	sg	sg	X
cjfa-30366	195	25	(	(	PUNCT
cjfa-30366	195	26	due	due	ADP
cjfa-30366	195	27	to	to	ADP
cjfa-30366	195	28	good	good	ADJ
cjfa-30366	195	29	news	news	NOUN
cjfa-30366	195	30	)	)	PUNCT
cjfa-30366	195	31	with	with	ADP
cjfa-30366	195	32	some	some	DET
cjfa-30366	195	33	probability	probability	NOUN
cjfa-30366	195	34	(	(	PUNCT
cjfa-30366	195	35	p	p	NOUN
cjfa-30366	195	36	≥	≥	NOUN
cjfa-30366	195	37	0	0	NUM
cjfa-30366	195	38	)	)	PUNCT
cjfa-30366	195	39	.	.	PUNCT
cjfa-30366	196	1	the	the	DET
cjfa-30366	196	2	probability	probability	NOUN
cjfa-30366	196	3	(	(	PUNCT
cjfa-30366	196	4	p	p	NOUN
cjfa-30366	196	5	≥	≥	NOUN
cjfa-30366	196	6	0	0	NUM
cjfa-30366	196	7	)	)	PUNCT
cjfa-30366	196	8	that	that	SCONJ
cjfa-30366	196	9	the	the	DET
cjfa-30366	196	10	news	news	NOUN
cjfa-30366	196	11	is	be	AUX
cjfa-30366	196	12	good	good	ADJ
cjfa-30366	196	13	news	news	NOUN
cjfa-30366	196	14	and	and	CCONJ
cjfa-30366	196	15	a	a	DET
cjfa-30366	196	16	probability	probability	NOUN
cjfa-30366	196	17	(	(	PUNCT
cjfa-30366	196	18	1	1	NUM
cjfa-30366	196	19	-	-	NUM
cjfa-30366	196	20	p	p	X
cjfa-30366	196	21	≥	≥	NOUN
cjfa-30366	196	22	0	0	NUM
cjfa-30366	196	23	)	)	PUNCT
cjfa-30366	196	24	that	that	SCONJ
cjfa-30366	196	25	the	the	DET
cjfa-30366	196	26	news	news	NOUN
cjfa-30366	196	27	will	will	AUX
cjfa-30366	196	28	be	be	AUX
cjfa-30366	196	29	bad	bad	ADJ
cjfa-30366	196	30	.	.	PUNCT
cjfa-30366	197	1	the	the	DET
cjfa-30366	197	2	expected	expect	VERB
cjfa-30366	197	3	price	price	NOUN
cjfa-30366	197	4	in	in	ADP
cjfa-30366	197	5	time	time	NOUN
cjfa-30366	197	6	t	t	PROPN
cjfa-30366	197	7	,	,	PUNCT
cjfa-30366	197	8	𝐸𝐸(𝑆𝑆	𝐸𝐸(𝑆𝑆	NOUN
cjfa-30366	197	9	�	�	PROPN
cjfa-30366	197	10	)	)	PUNCT
cjfa-30366	198	1	=	=	SYM
cjfa-30366	198	2	𝑝𝑝	𝑝𝑝	PROPN
cjfa-30366	198	3	𝑝	𝑝	PROPN
cjfa-30366	198	4	𝑆𝑆	𝑆𝑆	PROPN
cjfa-30366	198	5	�	�	PROPN
cjfa-30366	198	6	+	+	CCONJ
cjfa-30366	198	7	(	(	PUNCT
cjfa-30366	198	8	1	1	NUM
cjfa-30366	198	9	−	−	PROPN
cjfa-30366	198	10	𝑝𝑝	𝑝𝑝	NOUN
cjfa-30366	198	11	)	)	PUNCT
cjfa-30366	198	12	𝑝	𝑝	PROPN
cjfa-30366	198	13	𝑆𝑆	𝑆𝑆	PROPN
cjfa-30366	198	14	�	�	PROPN
cjfa-30366	198	15	eq	eq	PROPN
cjfa-30366	198	16	.	.	PUNCT
cjfa-30366	199	1	(	(	PUNCT
cjfa-30366	199	2	2	2	X
cjfa-30366	199	3	)	)	PUNCT
cjfa-30366	199	4	a	a	DET
cjfa-30366	199	5	poisson	poisson	NOUN
cjfa-30366	199	6	distribution	distribution	NOUN
cjfa-30366	199	7	would	would	AUX
cjfa-30366	199	8	simulate	simulate	VERB
cjfa-30366	199	9	the	the	DET
cjfa-30366	199	10	arrival	arrival	NOUN
cjfa-30366	199	11	of	of	ADP
cjfa-30366	199	12	more	more	ADV
cjfa-30366	199	13	informed	informed	ADJ
cjfa-30366	199	14	specialist	specialist	ADJ
cjfa-30366	199	15	traders	trader	NOUN
cjfa-30366	199	16	at	at	ADP
cjfa-30366	199	17	a	a	DET
cjfa-30366	199	18	known	know	VERB
cjfa-30366	199	19	rate	rate	NOUN
cjfa-30366	199	20	μ	μ	PROPN
cjfa-30366	199	21	,	,	PUNCT
cjfa-30366	199	22	and	and	CCONJ
cjfa-30366	199	23	normal	normal	ADJ
cjfa-30366	199	24	traders	trader	NOUN
cjfa-30366	199	25	at	at	ADP
cjfa-30366	199	26	known	know	VERB
cjfa-30366	199	27	rate	rate	NOUN
cjfa-30366	199	28	ε	ε	PROPN
cjfa-30366	199	29	.	.	PUNCT
cjfa-30366	200	1	the	the	DET
cjfa-30366	200	2	standard	standard	ADJ
cjfa-30366	200	3	case	case	NOUN
cjfa-30366	200	4	of	of	ADP
cjfa-30366	200	5	probability	probability	NOUN
cjfa-30366	200	6	of	of	ADP
cjfa-30366	200	7	arrival	arrival	NOUN
cjfa-30366	200	8	of	of	ADP
cjfa-30366	200	9	information	information	NOUN
cjfa-30366	200	10	is	be	AUX
cjfa-30366	200	11	(	(	PUNCT
cjfa-30366	200	12	p	p	NOUN
cjfa-30366	200	13	=	=	SYM
cjfa-30366	200	14	�	�	PROPN
cjfa-30366	200	15	�	�	PROPN
cjfa-30366	200	16	)	)	PUNCT
cjfa-30366	200	17	,	,	PUNCT
cjfa-30366	200	18	and	and	CCONJ
cjfa-30366	200	19	probability	probability	NOUN
cjfa-30366	200	20	of	of	ADP
cjfa-30366	200	21	good	good	ADJ
cjfa-30366	200	22	or	or	CCONJ
cjfa-30366	200	23	bad	bad	ADJ
cjfa-30366	200	24	is	be	AUX
cjfa-30366	200	25	(	(	PUNCT
cjfa-30366	200	26	p	p	NOUN
cjfa-30366	200	27	=	=	SYM
cjfa-30366	200	28	�	�	PROPN
cjfa-30366	200	29	�	�	PROPN
cjfa-30366	200	30	)	)	PUNCT
cjfa-30366	200	31	gives	give	VERB
cjfa-30366	200	32	rise	rise	NOUN
cjfa-30366	200	33	to	to	ADP
cjfa-30366	200	34	eq	eq	NOUN
cjfa-30366	200	35	.	.	PUNCT
cjfa-30366	201	1	(	(	PUNCT
cjfa-30366	201	2	3	3	NUM
cjfa-30366	201	3	)	)	PUNCT
cjfa-30366	201	4	;	;	PUNCT
cjfa-30366	201	5	𝑃𝑃𝑃𝑃𝑃𝑃	𝑃𝑃𝑃𝑃𝑃𝑃	PROPN
cjfa-30366	201	6	=	=	SYM
cjfa-30366	201	7	�	�	PROPN
cjfa-30366	201	8	�	�	PROPN
cjfa-30366	201	9	�	�	PROPN
cjfa-30366	201	10	�	�	PROPN
cjfa-30366	201	11	eq	eq	PROPN
cjfa-30366	201	12	.	.	PUNCT
cjfa-30366	202	1	(	(	PUNCT
cjfa-30366	202	2	4	4	X
cjfa-30366	202	3	)	)	PUNCT
cjfa-30366	202	4	volume	volume	NOUN
cjfa-30366	202	5	flow	flow	NOUN
cjfa-30366	202	6	mimics	mimic	VERB
cjfa-30366	202	7	the	the	DET
cjfa-30366	202	8	arrival	arrival	NOUN
cjfa-30366	202	9	of	of	ADP
cjfa-30366	202	10	information	information	NOUN
cjfa-30366	202	11	during	during	ADP
cjfa-30366	202	12	the	the	DET
cjfa-30366	202	13	auction	auction	NOUN
cjfa-30366	202	14	.	.	PUNCT
cjfa-30366	203	1	the	the	DET
cjfa-30366	203	2	sample	sample	NOUN
cjfa-30366	203	3	of	of	ADP
cjfa-30366	203	4	volume	volume	NOUN
cjfa-30366	203	5	is	be	AUX
cjfa-30366	203	6	divided	divide	VERB
cjfa-30366	203	7	into	into	ADP
cjfa-30366	203	8	volume	volume	NOUN
cjfa-30366	203	9	buckets	bucket	NOUN
cjfa-30366	203	10	such	such	ADJ
cjfa-30366	203	11	that	that	SCONJ
cjfa-30366	203	12	each	each	DET
cjfa-30366	203	13	bucket	bucket	NOUN
cjfa-30366	203	14	comprises	comprise	VERB
cjfa-30366	203	15	equal	equal	ADJ
cjfa-30366	203	16	volume	volume	NOUN
cjfa-30366	203	17	.	.	PUNCT
cjfa-30366	204	1	the	the	DET
cjfa-30366	204	2	volume	volume	NOUN
cjfa-30366	204	3	is	be	AUX
cjfa-30366	204	4	classified	classify	VERB
cjfa-30366	204	5	as	as	ADP
cjfa-30366	204	6	buy	buy	NOUN
cjfa-30366	204	7	,	,	PUNCT
cjfa-30366	204	8	and	and	CCONJ
cjfa-30366	204	9	sell	sell	VERB
cjfa-30366	204	10	.	.	PUNCT
cjfa-30366	205	1	within	within	ADP
cjfa-30366	205	2	a	a	DET
cjfa-30366	205	3	given	give	VERB
cjfa-30366	205	4	volume	volume	NOUN
cjfa-30366	205	5	bucket	bucket	NOUN
cjfa-30366	205	6	,	,	PUNCT
cjfa-30366	205	7	the	the	DET
cjfa-30366	205	8	volume	volume	NOUN
cjfa-30366	205	9	is	be	AUX
cjfa-30366	205	10	the	the	DET
cjfa-30366	205	11	total	total	NOUN
cjfa-30366	205	12	of	of	ADP
cjfa-30366	205	13	buy	buy	NOUN
cjfa-30366	205	14	volume	volume	NOUN
cjfa-30366	205	15	(	(	PUNCT
cjfa-30366	205	16	vb	vb	NOUN
cjfa-30366	205	17	traded	trade	VERB
cjfa-30366	205	18	against	against	ADP
cjfa-30366	205	19	the	the	DET
cjfa-30366	205	20	ask	ask	NOUN
cjfa-30366	205	21	)	)	PUNCT
cjfa-30366	205	22	,	,	PUNCT
cjfa-30366	205	23	and	and	CCONJ
cjfa-30366	205	24	sell	sell	VERB
cjfa-30366	205	25	volume	volume	NOUN
cjfa-30366	205	26	(	(	PUNCT
cjfa-30366	205	27	vs	vs	NOUN
cjfa-30366	205	28	)	)	PUNCT
cjfa-30366	205	29	.	.	PUNCT
cjfa-30366	206	1	all	all	DET
cjfa-30366	206	2	the	the	DET
cjfa-30366	206	3	buckets	bucket	NOUN
cjfa-30366	206	4	are	be	AUX
cjfa-30366	206	5	of	of	ADP
cjfa-30366	206	6	equal	equal	ADJ
cjfa-30366	206	7	size	size	NOUN
cjfa-30366	206	8	,	,	PUNCT
cjfa-30366	206	9	v	v	NOUN
cjfa-30366	206	10	=	=	PRON
cjfa-30366	206	11	𝑛𝑛	𝑛𝑛	PART
cjfa-30366	206	12	𝑝	𝑝	NOUN
cjfa-30366	206	13	(	(	PUNCT
cjfa-30366	206	14	𝑛𝑛	𝑛𝑛	NOUN
cjfa-30366	206	15	�	�	PROPN
cjfa-30366	206	16	+	+	CCONJ
cjfa-30366	206	17	𝑛𝑛	𝑛𝑛	NOUN
cjfa-30366	206	18	�	�	PROPN
cjfa-30366	206	19	)	)	PUNCT
cjfa-30366	207	1	=	=	PRON
cjfa-30366	207	2	𝑛𝑛	𝑛𝑛	PART
cjfa-30366	207	3	𝑝	𝑝	PROPN
cjfa-30366	207	4	𝑛𝑛	𝑛𝑛	PRON
cjfa-30366	207	5	�	�	PROPN
cjfa-30366	207	6	eq	eq	ADP
cjfa-30366	207	7	.	.	PUNCT
cjfa-30366	208	1	(	(	PUNCT
cjfa-30366	208	2	5	5	NUM
cjfa-30366	208	3	)	)	PUNCT
cjfa-30366	208	4	where	where	SCONJ
cjfa-30366	208	5	n	n	PRON
cjfa-30366	208	6	is	be	AUX
cjfa-30366	208	7	the	the	DET
cjfa-30366	208	8	number	number	NOUN
cjfa-30366	208	9	of	of	ADP
cjfa-30366	208	10	buckets	bucket	NOUN
cjfa-30366	208	11	.	.	PUNCT
cjfa-30366	209	1	vt	vt	PROPN
cjfa-30366	209	2	is	be	AUX
cjfa-30366	209	3	the	the	DET
cjfa-30366	209	4	total	total	ADJ
cjfa-30366	209	5	volume	volume	NOUN
cjfa-30366	209	6	per	per	ADP
cjfa-30366	209	7	bucket	bucket	NOUN
cjfa-30366	209	8	where	where	SCONJ
cjfa-30366	209	9	all	all	DET
cjfa-30366	209	10	buckets	bucket	NOUN
cjfa-30366	209	11	will	will	AUX
cjfa-30366	209	12	contain	contain	VERB
cjfa-30366	209	13	an	an	DET
cjfa-30366	209	14	equal	equal	ADJ
cjfa-30366	209	15	amount	amount	NOUN
cjfa-30366	209	16	of	of	ADP
cjfa-30366	209	17	volume	volume	NOUN
cjfa-30366	209	18	v.	v.	ADP
cjfa-30366	209	19	order	order	NOUN
cjfa-30366	209	20	imbalance	imbalance	NOUN
cjfa-30366	209	21	exists	exist	VERB
cjfa-30366	209	22	with	with	ADP
cjfa-30366	209	23	the	the	DET
cjfa-30366	209	24	excess	excess	NOUN
cjfa-30366	209	25	of	of	ADP
cjfa-30366	209	26	buy	buy	ADJ
cjfa-30366	209	27	orders	order	NOUN
cjfa-30366	209	28	over	over	ADP
cjfa-30366	209	29	the	the	DET
cjfa-30366	209	30	sell	sell	NOUN
cjfa-30366	209	31	orders	order	NOUN
cjfa-30366	209	32	for	for	ADP
cjfa-30366	209	33	each	each	DET
cjfa-30366	209	34	stock	stock	NOUN
cjfa-30366	209	35	.	.	PUNCT
cjfa-30366	210	1	we	we	PRON
cjfa-30366	210	2	calculate	calculate	VERB
cjfa-30366	210	3	order	order	NOUN
cjfa-30366	210	4	imbalance	imbalance	NOUN
cjfa-30366	210	5	for	for	ADP
cjfa-30366	210	6	each	each	DET
cjfa-30366	210	7	stock	stock	NOUN
cjfa-30366	210	8	on	on	ADP
cjfa-30366	210	9	day	day	NOUN
cjfa-30366	210	10	t	t	PROPN
cjfa-30366	210	11	,	,	PUNCT
cjfa-30366	210	12	as	as	SCONJ
cjfa-30366	210	13	;	;	PUNCT
cjfa-30366	210	14	eq.(4	eq.(4	NUM
cjfa-30366	210	15	)	)	PUNCT
cjfa-30366	210	16	volume	volume	NOUN
cjfa-30366	210	17	flow	flow	NOUN
cjfa-30366	210	18	mimics	mimic	VERB
cjfa-30366	210	19	the	the	DET
cjfa-30366	210	20	arrival	arrival	NOUN
cjfa-30366	210	21	of	of	ADP
cjfa-30366	210	22	information	information	NOUN
cjfa-30366	210	23	during	during	ADP
cjfa-30366	210	24	the	the	DET
cjfa-30366	210	25	auction	auction	NOUN
cjfa-30366	210	26	.	.	PUNCT
cjfa-30366	211	1	the	the	DET
cjfa-30366	211	2	sample	sample	NOUN
cjfa-30366	211	3	of	of	ADP
cjfa-30366	211	4	volume	volume	NOUN
cjfa-30366	211	5	is	be	AUX
cjfa-30366	211	6	divided	divide	VERB
cjfa-30366	211	7	into	into	ADP
cjfa-30366	211	8	volume	volume	NOUN
cjfa-30366	211	9	buckets	bucket	NOUN
cjfa-30366	211	10	such	such	ADJ
cjfa-30366	211	11	that	that	SCONJ
cjfa-30366	211	12	each	each	DET
cjfa-30366	211	13	bucket	bucket	NOUN
cjfa-30366	211	14	comprises	comprise	VERB
cjfa-30366	211	15	dinabandhu	dinabandhu	NOUN
cjfa-30366	211	16	bag120	bag120	PROPN
cjfa-30366	211	17	equal	equal	ADJ
cjfa-30366	211	18	volume	volume	NOUN
cjfa-30366	211	19	.	.	PUNCT
cjfa-30366	212	1	the	the	DET
cjfa-30366	212	2	volume	volume	NOUN
cjfa-30366	212	3	is	be	AUX
cjfa-30366	212	4	classified	classify	VERB
cjfa-30366	212	5	as	as	ADP
cjfa-30366	212	6	buy	buy	NOUN
cjfa-30366	212	7	,	,	PUNCT
cjfa-30366	212	8	and	and	CCONJ
cjfa-30366	212	9	sell	sell	VERB
cjfa-30366	212	10	.	.	PUNCT
cjfa-30366	213	1	within	within	ADP
cjfa-30366	213	2	a	a	DET
cjfa-30366	213	3	given	give	VERB
cjfa-30366	213	4	volume	volume	NOUN
cjfa-30366	213	5	bucket	bucket	NOUN
cjfa-30366	213	6	,	,	PUNCT
cjfa-30366	213	7	the	the	DET
cjfa-30366	213	8	volume	volume	NOUN
cjfa-30366	213	9	is	be	AUX
cjfa-30366	213	10	the	the	DET
cjfa-30366	213	11	total	total	NOUN
cjfa-30366	213	12	of	of	ADP
cjfa-30366	213	13	buy	buy	NOUN
cjfa-30366	213	14	volume	volume	NOUN
cjfa-30366	213	15	(	(	PUNCT
cjfa-30366	213	16	vb	vb	NOUN
cjfa-30366	213	17	traded	trade	VERB
cjfa-30366	213	18	against	against	ADP
cjfa-30366	213	19	the	the	DET
cjfa-30366	213	20	ask	ask	NOUN
cjfa-30366	213	21	)	)	PUNCT
cjfa-30366	213	22	,	,	PUNCT
cjfa-30366	213	23	and	and	CCONJ
cjfa-30366	213	24	sell	sell	VERB
cjfa-30366	213	25	volume	volume	NOUN
cjfa-30366	213	26	(	(	PUNCT
cjfa-30366	213	27	vs	vs	NOUN
cjfa-30366	213	28	)	)	PUNCT
cjfa-30366	213	29	.	.	PUNCT
cjfa-30366	214	1	all	all	DET
cjfa-30366	214	2	the	the	DET
cjfa-30366	214	3	buckets	bucket	NOUN
cjfa-30366	214	4	are	be	AUX
cjfa-30366	214	5	of	of	ADP
cjfa-30366	214	6	equal	equal	ADJ
cjfa-30366	214	7	size	size	NOUN
cjfa-30366	214	8	,	,	PUNCT
cjfa-30366	214	9	of	of	ADP
cjfa-30366	214	10	information	information	NOUN
cjfa-30366	214	11	(	(	PUNCT
cjfa-30366	214	12	vpin	vpin	ADJ
cjfa-30366	214	13	)	)	PUNCT
cjfa-30366	214	14	(	(	PUNCT
cjfa-30366	214	15	easley	easley	PROPN
cjfa-30366	214	16	,	,	PUNCT
cjfa-30366	214	17	hvidkjaer	hvidkjaer	VERB
cjfa-30366	214	18	,	,	PUNCT
cjfa-30366	214	19	and	and	CCONJ
cjfa-30366	214	20	o’hara	o’hara	NOUN
cjfa-30366	214	21	,	,	PUNCT
cjfa-30366	214	22	(	(	PUNCT
cjfa-30366	214	23	2002	2002	NUM
cjfa-30366	214	24	)	)	PUNCT
cjfa-30366	214	25	,	,	PUNCT
cjfa-30366	214	26	which	which	PRON
cjfa-30366	214	27	owes	owe	VERB
cjfa-30366	214	28	itself	itself	PRON
cjfa-30366	214	29	to	to	ADP
cjfa-30366	214	30	basic	basic	ADJ
cjfa-30366	214	31	pin	pin	NOUN
cjfa-30366	214	32	(	(	PUNCT
cjfa-30366	214	33	easley	easley	PROPN
cjfa-30366	214	34	et	et	PROPN
cjfa-30366	214	35	al	al	PROPN
cjfa-30366	214	36	.	.	PROPN
cjfa-30366	214	37	,	,	PUNCT
cjfa-30366	214	38	1996	1996	NUM
cjfa-30366	214	39	)	)	PUNCT
cjfa-30366	214	40	.	.	PUNCT
cjfa-30366	215	1	probability	probability	NOUN
cjfa-30366	215	2	informed	informed	ADJ
cjfa-30366	215	3	trading	trading	NOUN
cjfa-30366	215	4	(	(	PUNCT
cjfa-30366	215	5	pin	pin	NOUN
cjfa-30366	215	6	)	)	PUNCT
cjfa-30366	215	7	is	be	AUX
cjfa-30366	215	8	computed	compute	VERB
cjfa-30366	215	9	from	from	ADP
cjfa-30366	215	10	the	the	DET
cjfa-30366	215	11	expected	expect	VERB
cjfa-30366	215	12	probability	probability	NOUN
cjfa-30366	215	13	of	of	ADP
cjfa-30366	215	14	information	information	NOUN
cjfa-30366	215	15	that	that	PRON
cjfa-30366	215	16	could	could	AUX
cjfa-30366	215	17	cause	cause	VERB
cjfa-30366	215	18	a	a	DET
cjfa-30366	215	19	change	change	NOUN
cjfa-30366	215	20	in	in	ADP
cjfa-30366	215	21	quoted	quote	VERB
cjfa-30366	215	22	price	price	NOUN
cjfa-30366	215	23	.	.	PUNCT
cjfa-30366	216	1	bayesian	bayesian	NOUN
cjfa-30366	216	2	incidences	incidence	NOUN
cjfa-30366	216	3	or	or	CCONJ
cjfa-30366	216	4	prior	prior	ADJ
cjfa-30366	216	5	probabilities	probability	NOUN
cjfa-30366	216	6	are	be	AUX
cjfa-30366	216	7	used	use	VERB
cjfa-30366	216	8	to	to	PART
cjfa-30366	216	9	arrive	arrive	VERB
cjfa-30366	216	10	at	at	ADP
cjfa-30366	216	11	the	the	DET
cjfa-30366	216	12	expected	expect	VERB
cjfa-30366	216	13	information	information	NOUN
cjfa-30366	216	14	content	content	NOUN
cjfa-30366	216	15	.	.	PUNCT
cjfa-30366	217	1	both	both	DET
cjfa-30366	217	2	pin	pin	PROPN
cjfa-30366	217	3	(	(	PUNCT
cjfa-30366	217	4	easley	easley	PROPN
cjfa-30366	217	5	et	et	PROPN
cjfa-30366	217	6	al	al	PROPN
cjfa-30366	217	7	.	.	PROPN
cjfa-30366	217	8	1996	1996	NUM
cjfa-30366	217	9	)	)	PUNCT
cjfa-30366	217	10	and	and	CCONJ
cjfa-30366	217	11	vpin	vpin	ADJ
cjfa-30366	217	12	(	(	PUNCT
cjfa-30366	217	13	easley	easley	PROPN
cjfa-30366	217	14	et	et	PROPN
cjfa-30366	217	15	al	al	PROPN
cjfa-30366	217	16	.	.	PROPN
cjfa-30366	217	17	2002	2002	NUM
cjfa-30366	217	18	)	)	PUNCT
cjfa-30366	217	19	include	include	VERB
cjfa-30366	217	20	information	information	NOUN
cjfa-30366	217	21	on	on	ADP
cjfa-30366	217	22	volume	volume	NOUN
cjfa-30366	217	23	,	,	PUNCT
cjfa-30366	217	24	time	time	NOUN
cjfa-30366	217	25	,	,	PUNCT
cjfa-30366	217	26	classified	classified	ADJ
cjfa-30366	217	27	trades	trade	NOUN
cjfa-30366	217	28	and	and	CCONJ
cjfa-30366	217	29	trade	trade	NOUN
cjfa-30366	217	30	intensity	intensity	NOUN
cjfa-30366	217	31	,	,	PUNCT
cjfa-30366	217	32	which	which	PRON
cjfa-30366	217	33	can	can	AUX
cjfa-30366	217	34	not	not	PART
cjfa-30366	217	35	be	be	AUX
cjfa-30366	217	36	easily	easily	ADV
cjfa-30366	217	37	applied	apply	VERB
cjfa-30366	217	38	to	to	ADP
cjfa-30366	217	39	regional	regional	ADJ
cjfa-30366	217	40	exchanges	exchange	NOUN
cjfa-30366	217	41	(	(	PUNCT
cjfa-30366	217	42	e.g.	e.g.	ADV
cjfa-30366	217	43	,	,	PUNCT
cjfa-30366	217	44	nse	nse	NOUN
cjfa-30366	217	45	)	)	PUNCT
cjfa-30366	217	46	because	because	SCONJ
cjfa-30366	217	47	of	of	ADP
cjfa-30366	217	48	its	its	PRON
cjfa-30366	217	49	smaller	small	ADJ
cjfa-30366	217	50	scale	scale	NOUN
cjfa-30366	217	51	and	and	CCONJ
cjfa-30366	217	52	short	short	ADJ
cjfa-30366	217	53	duration	duration	NOUN
cjfa-30366	217	54	interval	interval	NOUN
cjfa-30366	217	55	in	in	ADP
cjfa-30366	217	56	nature	nature	NOUN
cjfa-30366	217	57	.	.	PUNCT
cjfa-30366	218	1	to	to	PART
cjfa-30366	218	2	simplify	simplify	VERB
cjfa-30366	218	3	the	the	DET
cjfa-30366	218	4	vpin	vpin	NOUN
cjfa-30366	218	5	to	to	ADP
cjfa-30366	218	6	the	the	DET
cjfa-30366	218	7	setting	setting	NOUN
cjfa-30366	218	8	of	of	ADP
cjfa-30366	218	9	a	a	DET
cjfa-30366	218	10	regional	regional	ADJ
cjfa-30366	218	11	exchange	exchange	NOUN
cjfa-30366	218	12	(	(	PUNCT
cjfa-30366	218	13	e.g.	e.g.	ADV
cjfa-30366	218	14	,	,	PUNCT
cjfa-30366	218	15	nse	nse	NOUN
cjfa-30366	218	16	)	)	PUNCT
cjfa-30366	218	17	,	,	PUNCT
cjfa-30366	218	18	we	we	PRON
cjfa-30366	218	19	proceed	proceed	VERB
cjfa-30366	218	20	as	as	SCONJ
cjfa-30366	218	21	follows	follow	VERB
cjfa-30366	218	22	.	.	PUNCT
cjfa-30366	219	1	let	let	VERB
cjfa-30366	219	2	’s	’s	NOUN
cjfa-30366	219	3	denote	denote	VERB
cjfa-30366	219	4	a	a	DET
cjfa-30366	219	5	security	security	NOUN
cjfa-30366	219	6	's	's	PART
cjfa-30366	219	7	current	current	ADJ
cjfa-30366	219	8	price	price	NOUN
cjfa-30366	219	9	as	as	ADP
cjfa-30366	219	10	s0	s0	PROPN
cjfa-30366	219	11	.	.	PUNCT
cjfa-30366	220	1	the	the	DET
cjfa-30366	220	2	arrival	arrival	NOUN
cjfa-30366	220	3	and	and	CCONJ
cjfa-30366	220	4	transmission	transmission	NOUN
cjfa-30366	220	5	of	of	ADP
cjfa-30366	220	6	new	new	ADJ
cjfa-30366	220	7	information	information	NOUN
cjfa-30366	220	8	causes	cause	VERB
cjfa-30366	220	9	the	the	DET
cjfa-30366	220	10	price	price	NOUN
cjfa-30366	220	11	,	,	PUNCT
cjfa-30366	220	12	s0	s0	PROPN
cjfa-30366	220	13	to	to	PART
cjfa-30366	220	14	be	be	AUX
cjfa-30366	220	15	either	either	DET
cjfa-30366	220	16	sb	sb	PROPN
cjfa-30366	220	17	(	(	PUNCT
cjfa-30366	220	18	due	due	ADP
cjfa-30366	220	19	to	to	ADP
cjfa-30366	220	20	bad	bad	ADJ
cjfa-30366	220	21	news	news	NOUN
cjfa-30366	220	22	)	)	PUNCT
cjfa-30366	220	23	or	or	CCONJ
cjfa-30366	220	24	sg	sg	X
cjfa-30366	220	25	(	(	PUNCT
cjfa-30366	220	26	due	due	ADP
cjfa-30366	220	27	to	to	ADP
cjfa-30366	220	28	good	good	ADJ
cjfa-30366	220	29	news	news	NOUN
cjfa-30366	220	30	)	)	PUNCT
cjfa-30366	220	31	with	with	ADP
cjfa-30366	220	32	some	some	DET
cjfa-30366	220	33	probability	probability	NOUN
cjfa-30366	220	34	(	(	PUNCT
cjfa-30366	220	35	p	p	NOUN
cjfa-30366	220	36	≥	≥	NOUN
cjfa-30366	220	37	0	0	NUM
cjfa-30366	220	38	)	)	PUNCT
cjfa-30366	220	39	.	.	PUNCT
cjfa-30366	221	1	the	the	DET
cjfa-30366	221	2	probability	probability	NOUN
cjfa-30366	221	3	(	(	PUNCT
cjfa-30366	221	4	p	p	NOUN
cjfa-30366	221	5	≥	≥	NOUN
cjfa-30366	221	6	0	0	NUM
cjfa-30366	221	7	)	)	PUNCT
cjfa-30366	221	8	that	that	SCONJ
cjfa-30366	221	9	the	the	DET
cjfa-30366	221	10	news	news	NOUN
cjfa-30366	221	11	is	be	AUX
cjfa-30366	221	12	good	good	ADJ
cjfa-30366	221	13	news	news	NOUN
cjfa-30366	221	14	and	and	CCONJ
cjfa-30366	221	15	a	a	DET
cjfa-30366	221	16	probability	probability	NOUN
cjfa-30366	221	17	(	(	PUNCT
cjfa-30366	221	18	1	1	NUM
cjfa-30366	221	19	-	-	NUM
cjfa-30366	221	20	p	p	X
cjfa-30366	221	21	≥	≥	NOUN
cjfa-30366	221	22	0	0	NUM
cjfa-30366	221	23	)	)	PUNCT
cjfa-30366	221	24	that	that	SCONJ
cjfa-30366	221	25	the	the	DET
cjfa-30366	221	26	news	news	NOUN
cjfa-30366	221	27	will	will	AUX
cjfa-30366	221	28	be	be	AUX
cjfa-30366	221	29	bad	bad	ADJ
cjfa-30366	221	30	.	.	PUNCT
cjfa-30366	222	1	the	the	DET
cjfa-30366	222	2	expected	expect	VERB
cjfa-30366	222	3	price	price	NOUN
cjfa-30366	222	4	in	in	ADP
cjfa-30366	222	5	time	time	NOUN
cjfa-30366	222	6	t	t	PROPN
cjfa-30366	222	7	,	,	PUNCT
cjfa-30366	222	8	𝐸𝐸(𝑆𝑆	𝐸𝐸(𝑆𝑆	NOUN
cjfa-30366	222	9	�	�	PROPN
cjfa-30366	222	10	)	)	PUNCT
cjfa-30366	223	1	=	=	SYM
cjfa-30366	223	2	𝑝𝑝	𝑝𝑝	PROPN
cjfa-30366	223	3	𝑝	𝑝	PROPN
cjfa-30366	223	4	𝑆𝑆	𝑆𝑆	PROPN
cjfa-30366	223	5	�	�	PROPN
cjfa-30366	223	6	+	+	CCONJ
cjfa-30366	223	7	(	(	PUNCT
cjfa-30366	223	8	1	1	NUM
cjfa-30366	223	9	−	−	PROPN
cjfa-30366	223	10	𝑝𝑝	𝑝𝑝	NOUN
cjfa-30366	223	11	)	)	PUNCT
cjfa-30366	223	12	𝑝	𝑝	PROPN
cjfa-30366	223	13	𝑆𝑆	𝑆𝑆	PROPN
cjfa-30366	223	14	�	�	PROPN
cjfa-30366	223	15	eq	eq	PROPN
cjfa-30366	223	16	.	.	PUNCT
cjfa-30366	224	1	(	(	PUNCT
cjfa-30366	224	2	2	2	X
cjfa-30366	224	3	)	)	PUNCT
cjfa-30366	224	4	a	a	DET
cjfa-30366	224	5	poisson	poisson	NOUN
cjfa-30366	224	6	distribution	distribution	NOUN
cjfa-30366	224	7	would	would	AUX
cjfa-30366	224	8	simulate	simulate	VERB
cjfa-30366	224	9	the	the	DET
cjfa-30366	224	10	arrival	arrival	NOUN
cjfa-30366	224	11	of	of	ADP
cjfa-30366	224	12	more	more	ADV
cjfa-30366	224	13	informed	informed	ADJ
cjfa-30366	224	14	specialist	specialist	ADJ
cjfa-30366	224	15	traders	trader	NOUN
cjfa-30366	224	16	at	at	ADP
cjfa-30366	224	17	a	a	DET
cjfa-30366	224	18	known	know	VERB
cjfa-30366	224	19	rate	rate	NOUN
cjfa-30366	224	20	μ	μ	PROPN
cjfa-30366	224	21	,	,	PUNCT
cjfa-30366	224	22	and	and	CCONJ
cjfa-30366	224	23	normal	normal	ADJ
cjfa-30366	224	24	traders	trader	NOUN
cjfa-30366	224	25	at	at	ADP
cjfa-30366	224	26	known	know	VERB
cjfa-30366	224	27	rate	rate	NOUN
cjfa-30366	224	28	ε	ε	PROPN
cjfa-30366	224	29	.	.	PUNCT
cjfa-30366	225	1	the	the	DET
cjfa-30366	225	2	standard	standard	ADJ
cjfa-30366	225	3	case	case	NOUN
cjfa-30366	225	4	of	of	ADP
cjfa-30366	225	5	probability	probability	NOUN
cjfa-30366	225	6	of	of	ADP
cjfa-30366	225	7	arrival	arrival	NOUN
cjfa-30366	225	8	of	of	ADP
cjfa-30366	225	9	information	information	NOUN
cjfa-30366	225	10	is	be	AUX
cjfa-30366	225	11	(	(	PUNCT
cjfa-30366	225	12	p	p	NOUN
cjfa-30366	225	13	=	=	SYM
cjfa-30366	225	14	�	�	PROPN
cjfa-30366	225	15	�	�	PROPN
cjfa-30366	225	16	)	)	PUNCT
cjfa-30366	225	17	,	,	PUNCT
cjfa-30366	225	18	and	and	CCONJ
cjfa-30366	225	19	probability	probability	NOUN
cjfa-30366	225	20	of	of	ADP
cjfa-30366	225	21	good	good	ADJ
cjfa-30366	225	22	or	or	CCONJ
cjfa-30366	225	23	bad	bad	ADJ
cjfa-30366	225	24	is	be	AUX
cjfa-30366	225	25	(	(	PUNCT
cjfa-30366	225	26	p	p	NOUN
cjfa-30366	225	27	=	=	SYM
cjfa-30366	225	28	�	�	PROPN
cjfa-30366	225	29	�	�	PROPN
cjfa-30366	225	30	)	)	PUNCT
cjfa-30366	225	31	gives	give	VERB
cjfa-30366	225	32	rise	rise	NOUN
cjfa-30366	225	33	to	to	ADP
cjfa-30366	225	34	eq	eq	NOUN
cjfa-30366	225	35	.	.	PUNCT
cjfa-30366	226	1	(	(	PUNCT
cjfa-30366	226	2	3	3	NUM
cjfa-30366	226	3	)	)	PUNCT
cjfa-30366	226	4	;	;	PUNCT
cjfa-30366	226	5	𝑃𝑃𝑃𝑃𝑃𝑃	𝑃𝑃𝑃𝑃𝑃𝑃	PROPN
cjfa-30366	226	6	=	=	SYM
cjfa-30366	226	7	�	�	PROPN
cjfa-30366	226	8	�	�	PROPN
cjfa-30366	226	9	�	�	PROPN
cjfa-30366	226	10	�	�	PROPN
cjfa-30366	226	11	eq	eq	PROPN
cjfa-30366	226	12	.	.	PUNCT
cjfa-30366	227	1	(	(	PUNCT
cjfa-30366	227	2	4	4	X
cjfa-30366	227	3	)	)	PUNCT
cjfa-30366	227	4	volume	volume	NOUN
cjfa-30366	227	5	flow	flow	NOUN
cjfa-30366	227	6	mimics	mimic	VERB
cjfa-30366	227	7	the	the	DET
cjfa-30366	227	8	arrival	arrival	NOUN
cjfa-30366	227	9	of	of	ADP
cjfa-30366	227	10	information	information	NOUN
cjfa-30366	227	11	during	during	ADP
cjfa-30366	227	12	the	the	DET
cjfa-30366	227	13	auction	auction	NOUN
cjfa-30366	227	14	.	.	PUNCT
cjfa-30366	228	1	the	the	DET
cjfa-30366	228	2	sample	sample	NOUN
cjfa-30366	228	3	of	of	ADP
cjfa-30366	228	4	volume	volume	NOUN
cjfa-30366	228	5	is	be	AUX
cjfa-30366	228	6	divided	divide	VERB
cjfa-30366	228	7	into	into	ADP
cjfa-30366	228	8	volume	volume	NOUN
cjfa-30366	228	9	buckets	bucket	NOUN
cjfa-30366	228	10	such	such	ADJ
cjfa-30366	228	11	that	that	SCONJ
cjfa-30366	228	12	each	each	DET
cjfa-30366	228	13	bucket	bucket	NOUN
cjfa-30366	228	14	comprises	comprise	VERB
cjfa-30366	228	15	equal	equal	ADJ
cjfa-30366	228	16	volume	volume	NOUN
cjfa-30366	228	17	.	.	PUNCT
cjfa-30366	229	1	the	the	DET
cjfa-30366	229	2	volume	volume	NOUN
cjfa-30366	229	3	is	be	AUX
cjfa-30366	229	4	classified	classify	VERB
cjfa-30366	229	5	as	as	ADP
cjfa-30366	229	6	buy	buy	NOUN
cjfa-30366	229	7	,	,	PUNCT
cjfa-30366	229	8	and	and	CCONJ
cjfa-30366	229	9	sell	sell	VERB
cjfa-30366	229	10	.	.	PUNCT
cjfa-30366	230	1	within	within	ADP
cjfa-30366	230	2	a	a	DET
cjfa-30366	230	3	given	give	VERB
cjfa-30366	230	4	volume	volume	NOUN
cjfa-30366	230	5	bucket	bucket	NOUN
cjfa-30366	230	6	,	,	PUNCT
cjfa-30366	230	7	the	the	DET
cjfa-30366	230	8	volume	volume	NOUN
cjfa-30366	230	9	is	be	AUX
cjfa-30366	230	10	the	the	DET
cjfa-30366	230	11	total	total	NOUN
cjfa-30366	230	12	of	of	ADP
cjfa-30366	230	13	buy	buy	NOUN
cjfa-30366	230	14	volume	volume	NOUN
cjfa-30366	230	15	(	(	PUNCT
cjfa-30366	230	16	vb	vb	NOUN
cjfa-30366	230	17	traded	trade	VERB
cjfa-30366	230	18	against	against	ADP
cjfa-30366	230	19	the	the	DET
cjfa-30366	230	20	ask	ask	NOUN
cjfa-30366	230	21	)	)	PUNCT
cjfa-30366	230	22	,	,	PUNCT
cjfa-30366	230	23	and	and	CCONJ
cjfa-30366	230	24	sell	sell	VERB
cjfa-30366	230	25	volume	volume	NOUN
cjfa-30366	230	26	(	(	PUNCT
cjfa-30366	230	27	vs	vs	NOUN
cjfa-30366	230	28	)	)	PUNCT
cjfa-30366	230	29	.	.	PUNCT
cjfa-30366	231	1	all	all	DET
cjfa-30366	231	2	the	the	DET
cjfa-30366	231	3	buckets	bucket	NOUN
cjfa-30366	231	4	are	be	AUX
cjfa-30366	231	5	of	of	ADP
cjfa-30366	231	6	equal	equal	ADJ
cjfa-30366	231	7	size	size	NOUN
cjfa-30366	231	8	,	,	PUNCT
cjfa-30366	231	9	v	v	NOUN
cjfa-30366	231	10	=	=	PRON
cjfa-30366	231	11	𝑛𝑛	𝑛𝑛	PART
cjfa-30366	231	12	𝑝	𝑝	NOUN
cjfa-30366	231	13	(	(	PUNCT
cjfa-30366	231	14	𝑛𝑛	𝑛𝑛	NOUN
cjfa-30366	231	15	�	�	PROPN
cjfa-30366	231	16	+	+	CCONJ
cjfa-30366	231	17	𝑛𝑛	𝑛𝑛	NOUN
cjfa-30366	231	18	�	�	PROPN
cjfa-30366	231	19	)	)	PUNCT
cjfa-30366	232	1	=	=	PRON
cjfa-30366	232	2	𝑛𝑛	𝑛𝑛	PART
cjfa-30366	232	3	𝑝	𝑝	PROPN
cjfa-30366	232	4	𝑛𝑛	𝑛𝑛	PRON
cjfa-30366	232	5	�	�	PROPN
cjfa-30366	232	6	eq	eq	ADP
cjfa-30366	232	7	.	.	PUNCT
cjfa-30366	233	1	(	(	PUNCT
cjfa-30366	233	2	5	5	NUM
cjfa-30366	233	3	)	)	PUNCT
cjfa-30366	233	4	where	where	SCONJ
cjfa-30366	233	5	n	n	PRON
cjfa-30366	233	6	is	be	AUX
cjfa-30366	233	7	the	the	DET
cjfa-30366	233	8	number	number	NOUN
cjfa-30366	233	9	of	of	ADP
cjfa-30366	233	10	buckets	bucket	NOUN
cjfa-30366	233	11	.	.	PUNCT
cjfa-30366	234	1	vt	vt	PROPN
cjfa-30366	234	2	is	be	AUX
cjfa-30366	234	3	the	the	DET
cjfa-30366	234	4	total	total	ADJ
cjfa-30366	234	5	volume	volume	NOUN
cjfa-30366	234	6	per	per	ADP
cjfa-30366	234	7	bucket	bucket	NOUN
cjfa-30366	234	8	where	where	SCONJ
cjfa-30366	234	9	all	all	DET
cjfa-30366	234	10	buckets	bucket	NOUN
cjfa-30366	234	11	will	will	AUX
cjfa-30366	234	12	contain	contain	VERB
cjfa-30366	234	13	an	an	DET
cjfa-30366	234	14	equal	equal	ADJ
cjfa-30366	234	15	amount	amount	NOUN
cjfa-30366	234	16	of	of	ADP
cjfa-30366	234	17	volume	volume	NOUN
cjfa-30366	234	18	v.	v.	ADP
cjfa-30366	234	19	order	order	NOUN
cjfa-30366	234	20	imbalance	imbalance	NOUN
cjfa-30366	234	21	exists	exist	VERB
cjfa-30366	234	22	with	with	ADP
cjfa-30366	234	23	the	the	DET
cjfa-30366	234	24	excess	excess	NOUN
cjfa-30366	234	25	of	of	ADP
cjfa-30366	234	26	buy	buy	ADJ
cjfa-30366	234	27	orders	order	NOUN
cjfa-30366	234	28	over	over	ADP
cjfa-30366	234	29	the	the	DET
cjfa-30366	234	30	sell	sell	NOUN
cjfa-30366	234	31	orders	order	NOUN
cjfa-30366	234	32	for	for	ADP
cjfa-30366	234	33	each	each	DET
cjfa-30366	234	34	stock	stock	NOUN
cjfa-30366	234	35	.	.	PUNCT
cjfa-30366	235	1	we	we	PRON
cjfa-30366	235	2	calculate	calculate	VERB
cjfa-30366	235	3	order	order	NOUN
cjfa-30366	235	4	imbalance	imbalance	NOUN
cjfa-30366	235	5	for	for	ADP
cjfa-30366	235	6	each	each	DET
cjfa-30366	235	7	stock	stock	NOUN
cjfa-30366	235	8	on	on	ADP
cjfa-30366	235	9	day	day	NOUN
cjfa-30366	235	10	t	t	PROPN
cjfa-30366	235	11	,	,	PUNCT
cjfa-30366	235	12	as	as	ADP
cjfa-30366	235	13	;	;	PUNCT
cjfa-30366	235	14	eq	eq	X
cjfa-30366	235	15	.	.	PUNCT
cjfa-30366	236	1	(	(	PUNCT
cjfa-30366	236	2	5	5	NUM
cjfa-30366	236	3	)	)	PUNCT
cjfa-30366	236	4	where	where	SCONJ
cjfa-30366	236	5	n	n	PRON
cjfa-30366	236	6	is	be	AUX
cjfa-30366	236	7	the	the	DET
cjfa-30366	236	8	number	number	NOUN
cjfa-30366	236	9	of	of	ADP
cjfa-30366	236	10	buckets	bucket	NOUN
cjfa-30366	236	11	.	.	PUNCT
cjfa-30366	237	1	vt	vt	PROPN
cjfa-30366	237	2	is	be	AUX
cjfa-30366	237	3	the	the	DET
cjfa-30366	237	4	total	total	ADJ
cjfa-30366	237	5	volume	volume	NOUN
cjfa-30366	237	6	per	per	ADP
cjfa-30366	237	7	bucket	bucket	NOUN
cjfa-30366	237	8	where	where	SCONJ
cjfa-30366	237	9	all	all	DET
cjfa-30366	237	10	buckets	bucket	NOUN
cjfa-30366	237	11	will	will	AUX
cjfa-30366	237	12	contain	contain	VERB
cjfa-30366	237	13	an	an	DET
cjfa-30366	237	14	equal	equal	ADJ
cjfa-30366	237	15	amount	amount	NOUN
cjfa-30366	237	16	of	of	ADP
cjfa-30366	237	17	volume	volume	NOUN
cjfa-30366	237	18	v.	v.	ADP
cjfa-30366	237	19	order	order	NOUN
cjfa-30366	237	20	imbalance	imbalance	NOUN
cjfa-30366	237	21	exists	exist	VERB
cjfa-30366	237	22	with	with	ADP
cjfa-30366	237	23	the	the	DET
cjfa-30366	237	24	excess	excess	NOUN
cjfa-30366	237	25	of	of	ADP
cjfa-30366	237	26	buy	buy	ADJ
cjfa-30366	237	27	orders	order	NOUN
cjfa-30366	237	28	over	over	ADP
cjfa-30366	237	29	the	the	DET
cjfa-30366	237	30	sell	sell	NOUN
cjfa-30366	237	31	orders	order	NOUN
cjfa-30366	237	32	for	for	ADP
cjfa-30366	237	33	each	each	DET
cjfa-30366	237	34	stock	stock	NOUN
cjfa-30366	237	35	.	.	PUNCT
cjfa-30366	238	1	we	we	PRON
cjfa-30366	238	2	calculate	calculate	VERB
cjfa-30366	238	3	order	order	NOUN
cjfa-30366	238	4	imbalance	imbalance	NOUN
cjfa-30366	238	5	for	for	ADP
cjfa-30366	238	6	each	each	DET
cjfa-30366	238	7	stock	stock	NOUN
cjfa-30366	238	8	on	on	ADP
cjfa-30366	238	9	day	day	NOUN
cjfa-30366	238	10	t	t	PROPN
cjfa-30366	238	11	,	,	PUNCT
cjfa-30366	238	12	as	as	ADP
cjfa-30366	238	13	:	:	PUNCT
cjfa-30366	238	14	order	order	NOUN
cjfa-30366	238	15	imbalance	imbalance	NOUN
cjfa-30366	238	16	i	i	PRON
cjfa-30366	238	17	,	,	PUNCT
cjfa-30366	238	18	t	t	PROPN
cjfa-30366	238	19	=	=	PUNCT
cjfa-30366	238	20	│	│	ADJ
cjfa-30366	238	21	vb	vb	NOUN
cjfa-30366	238	22	-vs	-vs	NOUN
cjfa-30366	238	23	│	│	PROPN
cjfa-30366	238	24	eq	eq	NOUN
cjfa-30366	238	25	.	.	PUNCT
cjfa-30366	239	1	(	(	PUNCT
cjfa-30366	239	2	6	6	NUM
cjfa-30366	239	3	)	)	PUNCT
cjfa-30366	239	4	where	where	SCONJ
cjfa-30366	239	5	vb	vb	NOUN
cjfa-30366	239	6	is	be	AUX
cjfa-30366	239	7	volume	volume	NOUN
cjfa-30366	239	8	of	of	ADP
cjfa-30366	239	9	buy	buy	NOUN
cjfa-30366	239	10	orders	order	NOUN
cjfa-30366	239	11	and	and	CCONJ
cjfa-30366	239	12	vs	vs	ADP
cjfa-30366	239	13	,	,	PUNCT
cjfa-30366	239	14	volume	volume	NOUN
cjfa-30366	239	15	of	of	ADP
cjfa-30366	239	16	sell	sell	NOUN
cjfa-30366	239	17	orders	order	NOUN
cjfa-30366	239	18	,	,	PUNCT
cjfa-30366	239	19	for	for	ADP
cjfa-30366	239	20	stock	stock	NOUN
cjfa-30366	239	21	i	i	PRON
cjfa-30366	239	22	and	and	CCONJ
cjfa-30366	239	23	time	time	PROPN
cjfa-30366	239	24	t	t	PROPN
cjfa-30366	239	25	,	,	PUNCT
cjfa-30366	239	26	therefore	therefore	ADV
cjfa-30366	239	27	order	order	NOUN
cjfa-30366	239	28	imbalancei	imbalancei	NOUN
cjfa-30366	239	29	,	,	PUNCT
cjfa-30366	239	30	t	t	PROPN
cjfa-30366	239	31	≥	≥	NOUN
cjfa-30366	239	32	0	0	NUM
cjfa-30366	239	33	for	for	ADP
cjfa-30366	239	34	all	all	DET
cjfa-30366	239	35	i	i	PROPN
cjfa-30366	239	36	,	,	PUNCT
cjfa-30366	239	37	t.	t.	PROPN
cjfa-30366	239	38	the	the	DET
cjfa-30366	239	39	total	total	ADJ
cjfa-30366	239	40	order	order	NOUN
cjfa-30366	239	41	imbalance	imbalance	NOUN
cjfa-30366	239	42	for	for	ADP
cjfa-30366	239	43	each	each	DET
cjfa-30366	239	44	stock	stock	NOUN
cjfa-30366	239	45	i	i	PRON
cjfa-30366	239	46	trading	trading	NOUN
cjfa-30366	239	47	day	day	NOUN
cjfa-30366	239	48	t	t	PROPN
cjfa-30366	239	49	equals	equal	VERB
cjfa-30366	239	50	sum	sum	NOUN
cjfa-30366	239	51	total	total	NOUN
cjfa-30366	239	52	of	of	ADP
cjfa-30366	239	53	(	(	PUNCT
cjfa-30366	239	54	∑t	∑t	PROPN
cjfa-30366	239	55	)	)	PUNCT
cjfa-30366	239	56	order	order	NOUN
cjfa-30366	239	57	imbalancei	imbalancei	NOUN
cjfa-30366	239	58	,	,	PUNCT
cjfa-30366	239	59	t	t	NOUN
cjfa-30366	239	60	during	during	ADP
cjfa-30366	239	61	the	the	DET
cjfa-30366	239	62	day	day	NOUN
cjfa-30366	239	63	t.	t.	PROPN
cjfa-30366	239	64	hence	hence	ADV
cjfa-30366	239	65	,	,	PUNCT
cjfa-30366	239	66	we	we	PRON
cjfa-30366	239	67	define	define	VERB
cjfa-30366	239	68	a	a	DET
cjfa-30366	239	69	measure	measure	NOUN
cjfa-30366	239	70	of	of	ADP
cjfa-30366	239	71	information	information	NOUN
cjfa-30366	239	72	content	content	NOUN
cjfa-30366	239	73	for	for	ADP
cjfa-30366	239	74	pre	pre	ADJ
cjfa-30366	239	75	-	-	ADJ
cjfa-30366	239	76	opening	opening	ADJ
cjfa-30366	239	77	session	session	NOUN
cjfa-30366	239	78	to	to	PART
cjfa-30366	239	79	be	be	AUX
cjfa-30366	239	80	known	know	VERB
cjfa-30366	239	81	as	as	ADP
cjfa-30366	239	82	spin	spin	NOUN
cjfa-30366	239	83	(	(	PUNCT
cjfa-30366	239	84	simple	simple	ADJ
cjfa-30366	239	85	probability	probability	NOUN
cjfa-30366	239	86	information	information	NOUN
cjfa-30366	239	87	ratio	ratio	NOUN
cjfa-30366	239	88	)	)	PUNCT
cjfa-30366	239	89	as	as	SCONJ
cjfa-30366	239	90	given	give	VERB
cjfa-30366	239	91	below	below	ADV
cjfa-30366	239	92	:	:	PUNCT
cjfa-30366	239	93	order	order	NOUN
cjfa-30366	239	94	imbalancei	imbalancei	NOUN
cjfa-30366	239	95	,	,	PUNCT
cjfa-30366	239	96	t	t	NOUN
cjfa-30366	239	97	=	=	PUNCT
cjfa-30366	239	98	│	│	ADJ
cjfa-30366	239	99	vb	vb	NOUN
cjfa-30366	239	100	-vs	-vs	NOUN
cjfa-30366	239	101	│	│	PROPN
cjfa-30366	239	102	eq	eq	NOUN
cjfa-30366	239	103	.	.	PUNCT
cjfa-30366	240	1	(	(	PUNCT
cjfa-30366	240	2	6	6	NUM
cjfa-30366	240	3	)	)	PUNCT
cjfa-30366	240	4	where	where	SCONJ
cjfa-30366	240	5	vb	vb	NOUN
cjfa-30366	240	6	is	be	AUX
cjfa-30366	240	7	volume	volume	NOUN
cjfa-30366	240	8	of	of	ADP
cjfa-30366	240	9	buy	buy	NOUN
cjfa-30366	240	10	orders	order	NOUN
cjfa-30366	240	11	and	and	CCONJ
cjfa-30366	240	12	vs	vs	ADP
cjfa-30366	240	13	,	,	PUNCT
cjfa-30366	240	14	volume	volume	NOUN
cjfa-30366	240	15	of	of	ADP
cjfa-30366	240	16	sell	sell	NOUN
cjfa-30366	240	17	orders	order	NOUN
cjfa-30366	240	18	,	,	PUNCT
cjfa-30366	240	19	for	for	ADP
cjfa-30366	240	20	stock	stock	NOUN
cjfa-30366	240	21	i	i	PRON
cjfa-30366	240	22	and	and	CCONJ
cjfa-30366	240	23	time	time	PROPN
cjfa-30366	240	24	t	t	PROPN
cjfa-30366	240	25	,	,	PUNCT
cjfa-30366	240	26	therefore	therefore	ADV
cjfa-30366	240	27	order	order	NOUN
cjfa-30366	240	28	imbalancei	imbalancei	NOUN
cjfa-30366	240	29	,	,	PUNCT
cjfa-30366	240	30	t	t	PROPN
cjfa-30366	240	31	≥	≥	NOUN
cjfa-30366	240	32	0	0	NUM
cjfa-30366	240	33	for	for	ADP
cjfa-30366	240	34	all	all	DET
cjfa-30366	240	35	i	i	PROPN
cjfa-30366	240	36	,	,	PUNCT
cjfa-30366	240	37	t.	t.	PROPN
cjfa-30366	240	38	the	the	DET
cjfa-30366	240	39	total	total	ADJ
cjfa-30366	240	40	order	order	NOUN
cjfa-30366	240	41	imbalance	imbalance	NOUN
cjfa-30366	240	42	for	for	ADP
cjfa-30366	240	43	each	each	DET
cjfa-30366	240	44	stock	stock	NOUN
cjfa-30366	240	45	i	i	PRON
cjfa-30366	240	46	trading	trading	NOUN
cjfa-30366	240	47	day	day	NOUN
cjfa-30366	240	48	t	t	PROPN
cjfa-30366	240	49	equals	equal	VERB
cjfa-30366	240	50	sum	sum	NOUN
cjfa-30366	240	51	total	total	NOUN
cjfa-30366	240	52	of	of	ADP
cjfa-30366	240	53	(	(	PUNCT
cjfa-30366	240	54	∑t	∑t	PROPN
cjfa-30366	240	55	)	)	PUNCT
cjfa-30366	240	56	order	order	NOUN
cjfa-30366	240	57	imbalancei	imbalancei	NOUN
cjfa-30366	240	58	,	,	PUNCT
cjfa-30366	240	59	t	t	NOUN
cjfa-30366	240	60	during	during	ADP
cjfa-30366	240	61	the	the	DET
cjfa-30366	240	62	day	day	NOUN
cjfa-30366	240	63	t.	t.	PROPN
cjfa-30366	240	64	hence	hence	ADV
cjfa-30366	240	65	,	,	PUNCT
cjfa-30366	240	66	we	we	PRON
cjfa-30366	240	67	define	define	VERB
cjfa-30366	240	68	a	a	DET
cjfa-30366	240	69	measure	measure	NOUN
cjfa-30366	240	70	of	of	ADP
cjfa-30366	240	71	information	information	NOUN
cjfa-30366	240	72	content	content	NOUN
cjfa-30366	240	73	for	for	ADP
cjfa-30366	240	74	pre	pre	ADJ
cjfa-30366	240	75	-	-	ADJ
cjfa-30366	240	76	opening	opening	ADJ
cjfa-30366	240	77	session	session	NOUN
cjfa-30366	240	78	to	to	PART
cjfa-30366	240	79	be	be	AUX
cjfa-30366	240	80	known	know	VERB
cjfa-30366	240	81	as	as	ADP
cjfa-30366	240	82	spin	spin	NOUN
cjfa-30366	240	83	(	(	PUNCT
cjfa-30366	240	84	simple	simple	ADJ
cjfa-30366	240	85	probability	probability	NOUN
cjfa-30366	240	86	information	information	NOUN
cjfa-30366	240	87	ratio	ratio	NOUN
cjfa-30366	240	88	)	)	PUNCT
cjfa-30366	240	89	as	as	SCONJ
cjfa-30366	240	90	given	give	VERB
cjfa-30366	240	91	below	below	ADV
cjfa-30366	240	92	;	;	PUNCT
cjfa-30366	240	93	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆	PROPN
cjfa-30366	240	94	�	�	PROPN
cjfa-30366	240	95	�	�	PROPN
cjfa-30366	240	96	�	�	PROPN
cjfa-30366	240	97	=	=	SYM
cjfa-30366	240	98	│	│	X
cjfa-30366	240	99	�	�	PROPN
cjfa-30366	240	100	�	�	PROPN
cjfa-30366	240	101	�	�	PROPN
cjfa-30366	240	102	�	�	PROPN
cjfa-30366	240	103	�	�	PROPN
cjfa-30366	240	104	│	│	ADJ
cjfa-30366	240	105	│	│	NOUN
cjfa-30366	240	106	�	�	PROPN
cjfa-30366	240	107	�	�	PROPN
cjfa-30366	240	108	�	�	PROPN
cjfa-30366	240	109	�	�	PROPN
cjfa-30366	240	110	�	�	PROPN
cjfa-30366	240	111	│	│	NOUN
cjfa-30366	240	112	eq	eq	NOUN
cjfa-30366	240	113	.	.	PUNCT
cjfa-30366	241	1	(	(	PUNCT
cjfa-30366	241	2	7	7	NUM
cjfa-30366	241	3	)	)	PUNCT
cjfa-30366	241	4	where	where	SCONJ
cjfa-30366	241	5	,	,	PUNCT
cjfa-30366	241	6	spini	spini	PROPN
cjfa-30366	241	7	,	,	PUNCT
cjfa-30366	241	8	t	t	PROPN
cjfa-30366	241	9	follows	follow	VERB
cjfa-30366	241	10	a	a	DET
cjfa-30366	241	11	distribution	distribution	NOUN
cjfa-30366	241	12	that	that	PRON
cjfa-30366	241	13	varies	vary	VERB
cjfa-30366	241	14	between	between	ADP
cjfa-30366	241	15	(	(	PUNCT
cjfa-30366	241	16	0,1	0,1	NUM
cjfa-30366	241	17	)	)	PUNCT
cjfa-30366	241	18	.	.	PUNCT
cjfa-30366	242	1	barclay	barclay	PROPN
cjfa-30366	242	2	and	and	CCONJ
cjfa-30366	242	3	warner	warner	PROPN
cjfa-30366	242	4	(	(	PUNCT
cjfa-30366	242	5	1993	1993	NUM
cjfa-30366	242	6	)	)	PUNCT
cjfa-30366	242	7	,	,	PUNCT
cjfa-30366	242	8	(	(	PUNCT
cjfa-30366	242	9	also	also	ADV
cjfa-30366	242	10	barclay	barclay	PROPN
cjfa-30366	242	11	and	and	CCONJ
cjfa-30366	242	12	hendershott	hendershott	NOUN
cjfa-30366	242	13	,	,	PUNCT
cjfa-30366	242	14	2008	2008	NUM
cjfa-30366	242	15	)	)	PUNCT
cjfa-30366	242	16	,	,	PUNCT
cjfa-30366	242	17	have	have	AUX
cjfa-30366	242	18	mentioned	mention	VERB
cjfa-30366	242	19	that	that	SCONJ
cjfa-30366	242	20	the	the	DET
cjfa-30366	242	21	normalization	normalization	NOUN
cjfa-30366	242	22	of	of	ADP
cjfa-30366	242	23	imbalance	imbalance	NOUN
cjfa-30366	242	24	numbers	number	NOUN
cjfa-30366	242	25	can	can	AUX
cjfa-30366	242	26	reduce	reduce	VERB
cjfa-30366	242	27	the	the	DET
cjfa-30366	242	28	heteroscedasticity	heteroscedasticity	NOUN
cjfa-30366	242	29	in	in	ADP
cjfa-30366	242	30	observations	observation	NOUN
cjfa-30366	242	31	.	.	PUNCT
cjfa-30366	243	1	value	value	NOUN
cjfa-30366	243	2	of	of	ADP
cjfa-30366	243	3	spin	spin	NOUN
cjfa-30366	243	4	close	close	ADV
cjfa-30366	243	5	to	to	ADP
cjfa-30366	243	6	0	0	NUM
cjfa-30366	243	7	represents	represent	VERB
cjfa-30366	243	8	higher	high	ADJ
cjfa-30366	243	9	information	information	NOUN
cjfa-30366	243	10	efficiency	efficiency	NOUN
cjfa-30366	243	11	and	and	CCONJ
cjfa-30366	243	12	1	1	NUM
cjfa-30366	243	13	represents	represent	VERB
cjfa-30366	243	14	lowest	low	ADJ
cjfa-30366	243	15	information	information	NOUN
cjfa-30366	243	16	efficiency	efficiency	NOUN
cjfa-30366	243	17	.	.	PUNCT
cjfa-30366	244	1	we	we	PRON
cjfa-30366	244	2	compute	compute	VERB
cjfa-30366	244	3	spini	spini	NOUN
cjfa-30366	244	4	,	,	PUNCT
cjfa-30366	244	5	t	t	PROPN
cjfa-30366	244	6	for	for	ADP
cjfa-30366	244	7	each	each	DET
cjfa-30366	244	8	ticker	ticker	NOUN
cjfa-30366	244	9	day	day	NOUN
cjfa-30366	244	10	during	during	ADP
cjfa-30366	244	11	the	the	DET
cjfa-30366	244	12	trading	trading	NOUN
cjfa-30366	244	13	months	month	NOUN
cjfa-30366	244	14	of	of	ADP
cjfa-30366	244	15	april	april	PROPN
cjfa-30366	244	16	,	,	PUNCT
cjfa-30366	244	17	may	may	AUX
cjfa-30366	244	18	,	,	PUNCT
cjfa-30366	244	19	august	august	PROPN
cjfa-30366	244	20	and	and	CCONJ
cjfa-30366	244	21	september	september	PROPN
cjfa-30366	244	22	.	.	PUNCT
cjfa-30366	245	1	model	model	NOUN
cjfa-30366	245	2	:	:	PUNCT
cjfa-30366	245	3	impact	impact	NOUN
cjfa-30366	245	4	of	of	ADP
cjfa-30366	245	5	imbalance	imbalance	NOUN
cjfa-30366	245	6	the	the	DET
cjfa-30366	245	7	next	next	ADJ
cjfa-30366	245	8	objective	objective	NOUN
cjfa-30366	245	9	of	of	ADP
cjfa-30366	245	10	evaluating	evaluate	VERB
cjfa-30366	245	11	the	the	DET
cjfa-30366	245	12	effect	effect	NOUN
cjfa-30366	245	13	of	of	ADP
cjfa-30366	245	14	volatility	volatility	NOUN
cjfa-30366	245	15	by	by	ADP
cjfa-30366	245	16	choosing	choose	VERB
cjfa-30366	245	17	a	a	DET
cjfa-30366	245	18	commonly	commonly	ADV
cjfa-30366	245	19	denominated	denominate	VERB
cjfa-30366	245	20	indicator	indicator	NOUN
cjfa-30366	245	21	of	of	ADP
cjfa-30366	245	22	intraday	intraday	NOUN
cjfa-30366	245	23	volatility	volatility	NOUN
cjfa-30366	245	24	,	,	PUNCT
cjfa-30366	245	25	known	know	VERB
cjfa-30366	245	26	as	as	ADP
cjfa-30366	245	27	realised	realise	VERB
cjfa-30366	245	28	volatility	volatility	NOUN
cjfa-30366	245	29	.	.	PUNCT
cjfa-30366	246	1	rv	rv	PROPN
cjfa-30366	246	2	,	,	PUNCT
cjfa-30366	246	3	which	which	PRON
cjfa-30366	246	4	is	be	AUX
cjfa-30366	246	5	the	the	DET
cjfa-30366	246	6	daily	daily	ADJ
cjfa-30366	246	7	(	(	PUNCT
cjfa-30366	246	8	i.e.	i.e.	X
cjfa-30366	246	9	,	,	PUNCT
cjfa-30366	246	10	open	open	ADJ
cjfa-30366	246	11	-	-	PUNCT
cjfa-30366	246	12	to	to	ADP
cjfa-30366	246	13	-	-	PUNCT
cjfa-30366	246	14	close	close	NOUN
cjfa-30366	246	15	)	)	PUNCT
cjfa-30366	246	16	realized	realize	VERB
cjfa-30366	246	17	volatility	volatility	NOUN
cjfa-30366	246	18	;	;	PUNCT
cjfa-30366	246	19	rv	rv	NOUN
cjfa-30366	246	20	=	=	SYM
cjfa-30366	246	21	log(pn	log(pn	X
cjfa-30366	246	22	/	/	SYM
cjfa-30366	246	23	pn-1	pn-1	NOUN
cjfa-30366	246	24	)	)	PUNCT
cjfa-30366	246	25	eq	eq	NOUN
cjfa-30366	246	26	.	.	PUNCT
cjfa-30366	247	1	(	(	PUNCT
cjfa-30366	247	2	7	7	X
cjfa-30366	247	3	)	)	PUNCT
cjfa-30366	247	4	a	a	DET
cjfa-30366	247	5	simple	simple	ADJ
cjfa-30366	247	6	specification	specification	NOUN
cjfa-30366	247	7	of	of	ADP
cjfa-30366	247	8	the	the	DET
cjfa-30366	247	9	model	model	NOUN
cjfa-30366	247	10	for	for	ADP
cjfa-30366	247	11	rvol	rvol	NOUN
cjfa-30366	247	12	is	be	AUX
cjfa-30366	247	13	given	give	VERB
cjfa-30366	247	14	below	below	ADV
cjfa-30366	247	15	;	;	PUNCT
cjfa-30366	247	16	rvolit=	rvolit=	NUM
cjfa-30366	247	17	α	α	PROPN
cjfa-30366	247	18	+	+	CCONJ
cjfa-30366	247	19	βm	βm	ADJ
cjfa-30366	247	20	rvolit	rvolit	NOUN
cjfa-30366	247	21	-	-	PUNCT
cjfa-30366	247	22	m	m	NOUN
cjfa-30366	247	23	+	+	NUM
cjfa-30366	247	24	βt	βt	PROPN
cjfa-30366	247	25	-	-	PUNCT
cjfa-30366	247	26	m	m	NOUN
cjfa-30366	247	27	rvoli	rvoli	NOUN
cjfa-30366	247	28	,	,	PUNCT
cjfa-30366	247	29	t	t	PROPN
cjfa-30366	247	30	-	-	PUNCT
cjfa-30366	247	31	m	m	PROPN
cjfa-30366	247	32	+	+	NUM
cjfa-30366	247	33	γit	γit	X
cjfa-30366	247	34	oii	oii	NOUN
cjfa-30366	247	35	+	+	CCONJ
cjfa-30366	247	36	μit	μit	NOUN
cjfa-30366	247	37	volumei+	volumei+	ADP
cjfa-30366	247	38	εt	εt	PROPN
cjfa-30366	247	39	eq	eq	PROPN
cjfa-30366	247	40	.	.	PUNCT
cjfa-30366	248	1	(	(	PUNCT
cjfa-30366	248	2	8)	8)	NUM
cjfa-30366	248	3	where	where	SCONJ
cjfa-30366	248	4	,	,	PUNCT
cjfa-30366	248	5	rvol	rvol	NOUN
cjfa-30366	248	6	is	be	AUX
cjfa-30366	248	7	the	the	DET
cjfa-30366	248	8	intraday	intraday	NOUN
cjfa-30366	248	9	realized	realize	VERB
cjfa-30366	248	10	volatility	volatility	NOUN
cjfa-30366	248	11	(	(	PUNCT
cjfa-30366	248	12	end	end	NOUN
cjfa-30366	248	13	of	of	ADP
cjfa-30366	248	14	the	the	DET
cjfa-30366	248	15	day	day	NOUN
cjfa-30366	248	16	)	)	PUNCT
cjfa-30366	248	17	which	which	PRON
cjfa-30366	248	18	is	be	AUX
cjfa-30366	248	19	the	the	DET
cjfa-30366	248	20	cumulative	cumulative	ADJ
cjfa-30366	248	21	realized	realize	VERB
cjfa-30366	248	22	volatility	volatility	NOUN
cjfa-30366	248	23	incremented	incremente	VERB
cjfa-30366	248	24	at	at	ADP
cjfa-30366	248	25	one	one	NUM
cjfa-30366	248	26	minute	minute	NOUN
cjfa-30366	248	27	interval	interval	NOUN
cjfa-30366	248	28	,	,	PUNCT
cjfa-30366	248	29	during	during	ADP
cjfa-30366	248	30	the	the	DET
cjfa-30366	248	31	day	day	NOUN
cjfa-30366	248	32	,	,	PUNCT
cjfa-30366	248	33	oii	oii	PROPN
cjfa-30366	248	34	are	be	AUX
cjfa-30366	248	35	order	order	NOUN
cjfa-30366	248	36	imbalance	imbalance	NOUN
cjfa-30366	248	37	of	of	ADP
cjfa-30366	248	38	stock	stock	NOUN
cjfa-30366	248	39	i	i	PROPN
cjfa-30366	248	40	,	,	PUNCT
cjfa-30366	248	41	volumei	volumei	PROPN
cjfa-30366	248	42	is	be	AUX
cjfa-30366	248	43	the	the	DET
cjfa-30366	248	44	pre	pre	ADJ
cjfa-30366	248	45	-	-	ADJ
cjfa-30366	248	46	market	market	ADJ
cjfa-30366	248	47	traded	trade	VERB
cjfa-30366	248	48	volume	volume	NOUN
cjfa-30366	248	49	for	for	ADP
cjfa-30366	248	50	stock	stock	NOUN
cjfa-30366	248	51	i.	i.	PROPN
cjfa-30366	248	52	the	the	DET
cjfa-30366	248	53	specification	specification	NOUN
cjfa-30366	248	54	in	in	ADP
cjfa-30366	248	55	equation	equation	NOUN
cjfa-30366	248	56	(	(	PUNCT
cjfa-30366	248	57	8)	8)	NUM
cjfa-30366	248	58	is	be	AUX
cjfa-30366	248	59	a	a	DET
cjfa-30366	248	60	test	test	NOUN
cjfa-30366	248	61	of	of	ADP
cjfa-30366	248	62	the	the	DET
cjfa-30366	248	63	resilience	resilience	NOUN
cjfa-30366	248	64	of	of	ADP
cjfa-30366	248	65	beginning	begin	VERB
cjfa-30366	248	66	intraday	intraday	NOUN
cjfa-30366	248	67	variability	variability	NOUN
cjfa-30366	248	68	,	,	PUNCT
cjfa-30366	248	69	on	on	ADP
cjfa-30366	248	70	the	the	DET
cjfa-30366	248	71	end	end	NOUN
cjfa-30366	248	72	of	of	ADP
cjfa-30366	248	73	the	the	DET
cjfa-30366	248	74	day	day	NOUN
cjfa-30366	248	75	variability	variability	NOUN
cjfa-30366	248	76	.	.	PUNCT
cjfa-30366	249	1	it	it	PRON
cjfa-30366	249	2	is	be	AUX
cjfa-30366	249	3	also	also	ADV
cjfa-30366	249	4	a	a	DET
cjfa-30366	249	5	test	test	NOUN
cjfa-30366	249	6	of	of	ADP
cjfa-30366	249	7	the	the	DET
cjfa-30366	249	8	impact	impact	NOUN
cjfa-30366	249	9	of	of	ADP
cjfa-30366	249	10	information	information	NOUN
cjfa-30366	249	11	content	content	NOUN
cjfa-30366	249	12	on	on	ADP
cjfa-30366	249	13	volatility	volatility	NOUN
cjfa-30366	249	14	.	.	PUNCT
cjfa-30366	250	1	for	for	ADP
cjfa-30366	250	2	example	example	NOUN
cjfa-30366	250	3	,	,	PUNCT
cjfa-30366	250	4	it	it	PRON
cjfa-30366	250	5	takes	take	VERB
cjfa-30366	250	6	into	into	ADP
cjfa-30366	250	7	consideration	consideration	NOUN
cjfa-30366	250	8	the	the	DET
cjfa-30366	250	9	earliest	early	ADJ
cjfa-30366	250	10	(	(	PUNCT
cjfa-30366	250	11	foremost	foremost	ADJ
cjfa-30366	250	12	)	)	PUNCT
cjfa-30366	250	13	lag	lag	NOUN
cjfa-30366	250	14	of	of	ADP
cjfa-30366	250	15	rvol	rvol	NOUN
cjfa-30366	250	16	as	as	ADP
cjfa-30366	250	17	a	a	DET
cjfa-30366	250	18	eq	eq	NOUN
cjfa-30366	250	19	.	.	PUNCT
cjfa-30366	251	1	(	(	PUNCT
cjfa-30366	251	2	7	7	NUM
cjfa-30366	251	3	)	)	PUNCT
cjfa-30366	251	4	where	where	SCONJ
cjfa-30366	251	5	,	,	PUNCT
cjfa-30366	251	6	spini	spini	PROPN
cjfa-30366	251	7	,	,	PUNCT
cjfa-30366	251	8	t	t	PROPN
cjfa-30366	251	9	follows	follow	VERB
cjfa-30366	251	10	a	a	DET
cjfa-30366	251	11	distribution	distribution	NOUN
cjfa-30366	251	12	that	that	PRON
cjfa-30366	251	13	varies	vary	VERB
cjfa-30366	251	14	between	between	ADP
cjfa-30366	251	15	(	(	PUNCT
cjfa-30366	251	16	0,1	0,1	NUM
cjfa-30366	251	17	)	)	PUNCT
cjfa-30366	251	18	.	.	PUNCT
cjfa-30366	252	1	barclay	barclay	PROPN
cjfa-30366	252	2	and	and	CCONJ
cjfa-30366	252	3	warner	warner	PROPN
cjfa-30366	252	4	(	(	PUNCT
cjfa-30366	252	5	1993	1993	NUM
cjfa-30366	252	6	)	)	PUNCT
cjfa-30366	252	7	,	,	PUNCT
cjfa-30366	252	8	(	(	PUNCT
cjfa-30366	252	9	also	also	ADV
cjfa-30366	252	10	barclay	barclay	PROPN
cjfa-30366	252	11	&	&	CCONJ
cjfa-30366	252	12	hendershott	hendershott	PROPN
cjfa-30366	252	13	,	,	PUNCT
cjfa-30366	252	14	2008	2008	NUM
cjfa-30366	252	15	)	)	PUNCT
cjfa-30366	252	16	,	,	PUNCT
cjfa-30366	252	17	have	have	AUX
cjfa-30366	252	18	mentioned	mention	VERB
cjfa-30366	252	19	that	that	SCONJ
cjfa-30366	252	20	the	the	DET
cjfa-30366	252	21	normalization	normalization	NOUN
cjfa-30366	252	22	of	of	ADP
cjfa-30366	252	23	imbalance	imbalance	NOUN
cjfa-30366	252	24	numbers	number	NOUN
cjfa-30366	252	25	can	can	AUX
cjfa-30366	252	26	reduce	reduce	VERB
cjfa-30366	252	27	the	the	DET
cjfa-30366	252	28	heteroscedasticity	heteroscedasticity	NOUN
cjfa-30366	252	29	in	in	ADP
cjfa-30366	252	30	observations	observation	NOUN
cjfa-30366	252	31	.	.	PUNCT
cjfa-30366	253	1	value	value	NOUN
cjfa-30366	253	2	of	of	ADP
cjfa-30366	253	3	spin	spin	NOUN
cjfa-30366	253	4	close	close	ADV
cjfa-30366	253	5	to	to	ADP
cjfa-30366	253	6	0	0	NUM
cjfa-30366	253	7	represents	represent	VERB
cjfa-30366	253	8	higher	high	ADJ
cjfa-30366	253	9	information	information	NOUN
cjfa-30366	253	10	efficiency	efficiency	NOUN
cjfa-30366	253	11	and	and	CCONJ
cjfa-30366	253	12	1	1	NUM
cjfa-30366	253	13	represents	represent	VERB
cjfa-30366	253	14	lowest	low	ADJ
cjfa-30366	253	15	information	information	NOUN
cjfa-30366	253	16	efficiency	efficiency	NOUN
cjfa-30366	253	17	.	.	PUNCT
cjfa-30366	254	1	we	we	PRON
cjfa-30366	254	2	compute	compute	VERB
cjfa-30366	254	3	spini	spini	NOUN
cjfa-30366	254	4	,	,	PUNCT
cjfa-30366	254	5	t	t	PROPN
cjfa-30366	254	6	for	for	ADP
cjfa-30366	254	7	each	each	DET
cjfa-30366	254	8	ticker	ticker	NOUN
cjfa-30366	254	9	day	day	NOUN
cjfa-30366	254	10	during	during	ADP
cjfa-30366	254	11	the	the	DET
cjfa-30366	254	12	trading	trading	NOUN
cjfa-30366	254	13	months	month	NOUN
cjfa-30366	254	14	of	of	ADP
cjfa-30366	254	15	april	april	PROPN
cjfa-30366	254	16	,	,	PUNCT
cjfa-30366	254	17	may	may	AUX
cjfa-30366	254	18	,	,	PUNCT
cjfa-30366	254	19	august	august	PROPN
cjfa-30366	254	20	and	and	CCONJ
cjfa-30366	254	21	september	september	PROPN
cjfa-30366	254	22	.	.	PUNCT
cjfa-30366	255	1	information	information	NOUN
cjfa-30366	255	2	content	content	NOUN
cjfa-30366	255	3	of	of	ADP
cjfa-30366	255	4	stocks	stock	NOUN
cjfa-30366	255	5	in	in	ADP
cjfa-30366	255	6	call	call	NOUN
cjfa-30366	255	7	auction	auction	NOUN
cjfa-30366	255	8	…	…	PUNCT
cjfa-30366	255	9	121	121	NUM
cjfa-30366	255	10	model	model	NOUN
cjfa-30366	255	11	:	:	PUNCT
cjfa-30366	255	12	impact	impact	NOUN
cjfa-30366	255	13	of	of	ADP
cjfa-30366	255	14	imbalance	imbalance	NOUN
cjfa-30366	255	15	the	the	DET
cjfa-30366	255	16	next	next	ADJ
cjfa-30366	255	17	objective	objective	NOUN
cjfa-30366	255	18	of	of	ADP
cjfa-30366	255	19	evaluating	evaluate	VERB
cjfa-30366	255	20	the	the	DET
cjfa-30366	255	21	effect	effect	NOUN
cjfa-30366	255	22	of	of	ADP
cjfa-30366	255	23	volatility	volatility	NOUN
cjfa-30366	255	24	by	by	ADP
cjfa-30366	255	25	choosing	choose	VERB
cjfa-30366	255	26	a	a	DET
cjfa-30366	255	27	commonly	commonly	ADV
cjfa-30366	255	28	denominated	denominate	VERB
cjfa-30366	255	29	indicator	indicator	NOUN
cjfa-30366	255	30	of	of	ADP
cjfa-30366	255	31	intraday	intraday	NOUN
cjfa-30366	255	32	volatility	volatility	NOUN
cjfa-30366	255	33	,	,	PUNCT
cjfa-30366	255	34	known	know	VERB
cjfa-30366	255	35	as	as	ADP
cjfa-30366	255	36	realised	realise	VERB
cjfa-30366	255	37	volatility	volatility	NOUN
cjfa-30366	255	38	.	.	PUNCT
cjfa-30366	256	1	rv	rv	PROPN
cjfa-30366	256	2	,	,	PUNCT
cjfa-30366	256	3	which	which	PRON
cjfa-30366	256	4	is	be	AUX
cjfa-30366	256	5	the	the	DET
cjfa-30366	256	6	daily	daily	ADJ
cjfa-30366	256	7	(	(	PUNCT
cjfa-30366	256	8	i.e.	i.e.	X
cjfa-30366	256	9	,	,	PUNCT
cjfa-30366	256	10	open	open	ADJ
cjfa-30366	256	11	-	-	PUNCT
cjfa-30366	256	12	to	to	ADP
cjfa-30366	256	13	-	-	PUNCT
cjfa-30366	256	14	close	close	NOUN
cjfa-30366	256	15	)	)	PUNCT
cjfa-30366	256	16	realized	realize	VERB
cjfa-30366	256	17	volatility	volatility	NOUN
cjfa-30366	256	18	:	:	PUNCT
cjfa-30366	256	19	rv	rv	NOUN
cjfa-30366	256	20	=	=	PUNCT
cjfa-30366	256	21	log(pn	log(pn	X
cjfa-30366	256	22	/	/	SYM
cjfa-30366	256	23	pn-1	pn-1	NOUN
cjfa-30366	256	24	)	)	PUNCT
cjfa-30366	256	25	eq	eq	NOUN
cjfa-30366	256	26	.	.	PUNCT
cjfa-30366	257	1	(	(	PUNCT
cjfa-30366	257	2	8)	8)	NUM
cjfa-30366	257	3	a	a	DET
cjfa-30366	257	4	simple	simple	ADJ
cjfa-30366	257	5	specification	specification	NOUN
cjfa-30366	257	6	of	of	ADP
cjfa-30366	257	7	the	the	DET
cjfa-30366	257	8	model	model	NOUN
cjfa-30366	257	9	for	for	ADP
cjfa-30366	257	10	rvol	rvol	NOUN
cjfa-30366	257	11	is	be	AUX
cjfa-30366	257	12	given	give	VERB
cjfa-30366	257	13	below	below	ADV
cjfa-30366	257	14	:	:	PUNCT
cjfa-30366	257	15	rvolit=	rvolit=	NOUN
cjfa-30366	257	16	α	α	NOUN
cjfa-30366	257	17	+	+	CCONJ
cjfa-30366	257	18	βm	βm	AUX
cjfa-30366	257	19	rvolit	rvolit	NOUN
cjfa-30366	257	20	-	-	PUNCT
cjfa-30366	257	21	m	m	NOUN
cjfa-30366	257	22	+	+	NUM
cjfa-30366	257	23	βt	βt	PROPN
cjfa-30366	257	24	-	-	PUNCT
cjfa-30366	257	25	m	m	NOUN
cjfa-30366	257	26	rvoli	rvoli	NOUN
cjfa-30366	257	27	,	,	PUNCT
cjfa-30366	257	28	t	t	PROPN
cjfa-30366	257	29	-	-	PUNCT
cjfa-30366	257	30	m	m	PROPN
cjfa-30366	257	31	+	+	NUM
cjfa-30366	257	32	γit	γit	X
cjfa-30366	257	33	oii	oii	NOUN
cjfa-30366	257	34	+	+	CCONJ
cjfa-30366	257	35	μit	μit	NOUN
cjfa-30366	257	36	volumei+	volumei+	ADP
cjfa-30366	257	37	εt	εt	PROPN
cjfa-30366	257	38	eq	eq	PROPN
cjfa-30366	257	39	.	.	PUNCT
cjfa-30366	258	1	(	(	PUNCT
cjfa-30366	258	2	9	9	NUM
cjfa-30366	258	3	)	)	PUNCT
cjfa-30366	258	4	where	where	SCONJ
cjfa-30366	258	5	,	,	PUNCT
cjfa-30366	258	6	rvol	rvol	NOUN
cjfa-30366	258	7	is	be	AUX
cjfa-30366	258	8	the	the	DET
cjfa-30366	258	9	intraday	intraday	NOUN
cjfa-30366	258	10	realized	realize	VERB
cjfa-30366	258	11	volatility	volatility	NOUN
cjfa-30366	258	12	(	(	PUNCT
cjfa-30366	258	13	end	end	NOUN
cjfa-30366	258	14	of	of	ADP
cjfa-30366	258	15	the	the	DET
cjfa-30366	258	16	day	day	NOUN
cjfa-30366	258	17	)	)	PUNCT
cjfa-30366	258	18	which	which	PRON
cjfa-30366	258	19	is	be	AUX
cjfa-30366	258	20	the	the	DET
cjfa-30366	258	21	cumulative	cumulative	ADJ
cjfa-30366	258	22	realized	realize	VERB
cjfa-30366	258	23	volatility	volatility	NOUN
cjfa-30366	258	24	incremented	incremente	VERB
cjfa-30366	258	25	at	at	ADP
cjfa-30366	258	26	one	one	NUM
cjfa-30366	258	27	minute	minute	NOUN
cjfa-30366	258	28	interval	interval	NOUN
cjfa-30366	258	29	,	,	PUNCT
cjfa-30366	258	30	during	during	ADP
cjfa-30366	258	31	the	the	DET
cjfa-30366	258	32	day	day	NOUN
cjfa-30366	258	33	,	,	PUNCT
cjfa-30366	258	34	oii	oii	PROPN
cjfa-30366	258	35	are	be	AUX
cjfa-30366	258	36	order	order	NOUN
cjfa-30366	258	37	imbalance	imbalance	NOUN
cjfa-30366	258	38	of	of	ADP
cjfa-30366	258	39	stock	stock	NOUN
cjfa-30366	258	40	i	i	PROPN
cjfa-30366	258	41	,	,	PUNCT
cjfa-30366	258	42	volumei	volumei	PROPN
cjfa-30366	258	43	is	be	AUX
cjfa-30366	258	44	the	the	DET
cjfa-30366	258	45	pre	pre	ADJ
cjfa-30366	258	46	-	-	ADJ
cjfa-30366	258	47	market	market	ADJ
cjfa-30366	258	48	traded	trade	VERB
cjfa-30366	258	49	volume	volume	NOUN
cjfa-30366	258	50	for	for	ADP
cjfa-30366	258	51	stock	stock	NOUN
cjfa-30366	258	52	i.	i.	PROPN
cjfa-30366	258	53	the	the	DET
cjfa-30366	258	54	specification	specification	NOUN
cjfa-30366	258	55	in	in	ADP
cjfa-30366	258	56	equation	equation	NOUN
cjfa-30366	258	57	(	(	PUNCT
cjfa-30366	258	58	9	9	NUM
cjfa-30366	258	59	)	)	PUNCT
cjfa-30366	258	60	is	be	AUX
cjfa-30366	258	61	a	a	DET
cjfa-30366	258	62	test	test	NOUN
cjfa-30366	258	63	of	of	ADP
cjfa-30366	258	64	the	the	DET
cjfa-30366	258	65	resilience	resilience	NOUN
cjfa-30366	258	66	of	of	ADP
cjfa-30366	258	67	beginning	begin	VERB
cjfa-30366	258	68	intraday	intraday	NOUN
cjfa-30366	258	69	variability	variability	NOUN
cjfa-30366	258	70	,	,	PUNCT
cjfa-30366	258	71	on	on	ADP
cjfa-30366	258	72	the	the	DET
cjfa-30366	258	73	end	end	NOUN
cjfa-30366	258	74	of	of	ADP
cjfa-30366	258	75	the	the	DET
cjfa-30366	258	76	day	day	NOUN
cjfa-30366	258	77	variability	variability	NOUN
cjfa-30366	258	78	.	.	PUNCT
cjfa-30366	259	1	it	it	PRON
cjfa-30366	259	2	is	be	AUX
cjfa-30366	259	3	also	also	ADV
cjfa-30366	259	4	a	a	DET
cjfa-30366	259	5	test	test	NOUN
cjfa-30366	259	6	of	of	ADP
cjfa-30366	259	7	the	the	DET
cjfa-30366	259	8	impact	impact	NOUN
cjfa-30366	259	9	of	of	ADP
cjfa-30366	259	10	information	information	NOUN
cjfa-30366	259	11	content	content	NOUN
cjfa-30366	259	12	on	on	ADP
cjfa-30366	259	13	volatility	volatility	NOUN
cjfa-30366	259	14	.	.	PUNCT
cjfa-30366	260	1	for	for	ADP
cjfa-30366	260	2	example	example	NOUN
cjfa-30366	260	3	,	,	PUNCT
cjfa-30366	260	4	it	it	PRON
cjfa-30366	260	5	takes	take	VERB
cjfa-30366	260	6	into	into	ADP
cjfa-30366	260	7	consideration	consideration	NOUN
cjfa-30366	260	8	the	the	DET
cjfa-30366	260	9	earliest	early	ADJ
cjfa-30366	260	10	(	(	PUNCT
cjfa-30366	260	11	foremost	foremost	ADJ
cjfa-30366	260	12	)	)	PUNCT
cjfa-30366	260	13	lag	lag	NOUN
cjfa-30366	260	14	of	of	ADP
cjfa-30366	260	15	rvol	rvol	NOUN
cjfa-30366	260	16	as	as	ADP
cjfa-30366	260	17	a	a	DET
cjfa-30366	260	18	regressand	regressand	NOUN
cjfa-30366	260	19	(	(	PUNCT
cjfa-30366	260	20	lagged	lag	VERB
cjfa-30366	260	21	dependent	dependent	ADJ
cjfa-30366	260	22	variable	variable	NOUN
cjfa-30366	260	23	)	)	PUNCT
cjfa-30366	260	24	in	in	ADP
cjfa-30366	260	25	the	the	DET
cjfa-30366	260	26	model	model	NOUN
cjfa-30366	260	27	.	.	PUNCT
cjfa-30366	261	1	this	this	DET
cjfa-30366	261	2	specification	specification	NOUN
cjfa-30366	261	3	of	of	ADP
cjfa-30366	261	4	the	the	DET
cjfa-30366	261	5	model	model	NOUN
cjfa-30366	261	6	which	which	PRON
cjfa-30366	261	7	includes	include	VERB
cjfa-30366	261	8	the	the	DET
cjfa-30366	261	9	lags	lag	NOUN
cjfa-30366	261	10	of	of	ADP
cjfa-30366	261	11	rvol(t	rvol(t	NOUN
cjfa-30366	261	12	)	)	PUNCT
cjfa-30366	261	13	,	,	PUNCT
cjfa-30366	261	14	is	be	AUX
cjfa-30366	261	15	to	to	PART
cjfa-30366	261	16	ensure	ensure	VERB
cjfa-30366	261	17	that	that	SCONJ
cjfa-30366	261	18	persistence	persistence	NOUN
cjfa-30366	261	19	component	component	NOUN
cjfa-30366	261	20	is	be	AUX
cjfa-30366	261	21	detected	detect	VERB
cjfa-30366	261	22	thoroughly	thoroughly	ADV
cjfa-30366	261	23	.	.	PUNCT
cjfa-30366	262	1	the	the	DET
cjfa-30366	262	2	model	model	NOUN
cjfa-30366	262	3	in	in	ADP
cjfa-30366	262	4	equation	equation	NOUN
cjfa-30366	262	5	(	(	PUNCT
cjfa-30366	262	6	9	9	NUM
cjfa-30366	262	7	)	)	PUNCT
cjfa-30366	262	8	is	be	AUX
cjfa-30366	262	9	tested	test	VERB
cjfa-30366	262	10	with	with	ADP
cjfa-30366	262	11	two	two	NUM
cjfa-30366	262	12	major	major	ADJ
cjfa-30366	262	13	specifications	specification	NOUN
cjfa-30366	262	14	of	of	ADP
cjfa-30366	262	15	1	1	NUM
cjfa-30366	262	16	)	)	PUNCT
cjfa-30366	262	17	pooled	pool	VERB
cjfa-30366	262	18	regression	regression	NOUN
cjfa-30366	262	19	and	and	CCONJ
cjfa-30366	262	20	2	2	NUM
cjfa-30366	262	21	)	)	PUNCT
cjfa-30366	262	22	sur	sur	NOUN
cjfa-30366	262	23	(	(	PUNCT
cjfa-30366	262	24	seemingly	seemingly	ADV
cjfa-30366	262	25	unrelated	unrelated	ADJ
cjfa-30366	262	26	regression	regression	NOUN
cjfa-30366	262	27	)	)	PUNCT
cjfa-30366	262	28	,	,	PUNCT
cjfa-30366	262	29	respectively	respectively	ADV
cjfa-30366	262	30	.	.	PUNCT
cjfa-30366	263	1	the	the	DET
cjfa-30366	263	2	sur	sur	PROPN
cjfa-30366	263	3	specification	specification	NOUN
cjfa-30366	263	4	ignores	ignore	VERB
cjfa-30366	263	5	fixed	fix	VERB
cjfa-30366	263	6	effects	effect	NOUN
cjfa-30366	263	7	across	across	ADP
cjfa-30366	263	8	stocks	stock	NOUN
cjfa-30366	263	9	.	.	PUNCT
cjfa-30366	264	1	for	for	ADP
cjfa-30366	264	2	the	the	DET
cjfa-30366	264	3	sake	sake	NOUN
cjfa-30366	264	4	of	of	ADP
cjfa-30366	264	5	generality	generality	NOUN
cjfa-30366	264	6	and	and	CCONJ
cjfa-30366	264	7	simplicity	simplicity	NOUN
cjfa-30366	264	8	,	,	PUNCT
cjfa-30366	264	9	we	we	PRON
cjfa-30366	264	10	ignore	ignore	VERB
cjfa-30366	264	11	the	the	DET
cjfa-30366	264	12	presence	presence	NOUN
cjfa-30366	264	13	of	of	ADP
cjfa-30366	264	14	simultaneous	simultaneous	PROPN
cjfa-30366	264	15	cross	cross	NOUN
cjfa-30366	264	16	correlations	correlation	NOUN
cjfa-30366	264	17	(	(	PUNCT
cjfa-30366	264	18	of	of	ADP
cjfa-30366	264	19	rvol	rvol	NOUN
cjfa-30366	264	20	among	among	ADP
cjfa-30366	264	21	stocks	stock	NOUN
cjfa-30366	264	22	in	in	ADP
cjfa-30366	264	23	our	our	PRON
cjfa-30366	264	24	sample	sample	NOUN
cjfa-30366	264	25	.	.	PUNCT
cjfa-30366	265	1	results	result	NOUN
cjfa-30366	265	2	and	and	CCONJ
cjfa-30366	265	3	conclusions	conclusion	NOUN
cjfa-30366	265	4	of	of	ADP
cjfa-30366	265	5	the	the	DET
cjfa-30366	265	6	research	research	NOUN
cjfa-30366	265	7	process	process	NOUN
cjfa-30366	265	8	model	model	NOUN
cjfa-30366	265	9	:	:	PUNCT
cjfa-30366	265	10	pin	pin	NOUN
cjfa-30366	265	11	figure	figure	VERB
cjfa-30366	265	12	1(a	1(a	NUM
cjfa-30366	265	13	)	)	PUNCT
cjfa-30366	265	14	and	and	CCONJ
cjfa-30366	265	15	1(b	1(b	NUM
cjfa-30366	265	16	)	)	PUNCT
cjfa-30366	265	17	provide	provide	VERB
cjfa-30366	265	18	the	the	DET
cjfa-30366	265	19	variation	variation	NOUN
cjfa-30366	265	20	in	in	ADP
cjfa-30366	265	21	the	the	DET
cjfa-30366	265	22	most	most	ADV
cjfa-30366	265	23	minimum	minimum	ADJ
cjfa-30366	265	24	spin	spin	NOUN
cjfa-30366	265	25	values	value	NOUN
cjfa-30366	265	26	of	of	ADP
cjfa-30366	265	27	few	few	ADJ
cjfa-30366	265	28	stocks	stock	NOUN
cjfa-30366	265	29	for	for	ADP
cjfa-30366	265	30	the	the	DET
cjfa-30366	265	31	period	period	NOUN
cjfa-30366	265	32	for	for	ADP
cjfa-30366	265	33	april	april	PROPN
cjfa-30366	265	34	,	,	PUNCT
cjfa-30366	265	35	may	may	AUX
cjfa-30366	265	36	,	,	PUNCT
cjfa-30366	265	37	and	and	CCONJ
cjfa-30366	265	38	august	august	PROPN
cjfa-30366	265	39	and	and	CCONJ
cjfa-30366	265	40	september	september	PROPN
cjfa-30366	265	41	,	,	PUNCT
cjfa-30366	265	42	respectively	respectively	ADV
cjfa-30366	265	43	.	.	PUNCT
cjfa-30366	266	1	similarly	similarly	ADV
cjfa-30366	266	2	,	,	PUNCT
cjfa-30366	266	3	figure	figure	VERB
cjfa-30366	266	4	2(a	2(a	NUM
cjfa-30366	266	5	)	)	PUNCT
cjfa-30366	266	6	and	and	CCONJ
cjfa-30366	266	7	2(b	2(b	NUM
cjfa-30366	266	8	)	)	PUNCT
cjfa-30366	266	9	provide	provide	VERB
cjfa-30366	266	10	the	the	DET
cjfa-30366	266	11	most	most	ADV
cjfa-30366	266	12	maximum	maximum	ADJ
cjfa-30366	266	13	spin	spin	NOUN
cjfa-30366	266	14	values	value	NOUN
cjfa-30366	266	15	of	of	ADP
cjfa-30366	266	16	few	few	ADJ
cjfa-30366	266	17	stocks	stock	NOUN
cjfa-30366	266	18	for	for	ADP
cjfa-30366	266	19	april	april	PROPN
cjfa-30366	266	20	,	,	PUNCT
cjfa-30366	266	21	may	may	AUX
cjfa-30366	266	22	,	,	PUNCT
cjfa-30366	266	23	and	and	CCONJ
cjfa-30366	266	24	august	august	PROPN
cjfa-30366	266	25	and	and	CCONJ
cjfa-30366	266	26	september	september	PROPN
cjfa-30366	266	27	,	,	PUNCT
cjfa-30366	266	28	respectively	respectively	ADV
cjfa-30366	266	29	.	.	PUNCT
cjfa-30366	267	1	minimum	minimum	ADJ
cjfa-30366	267	2	imbaldinabandhu	imbaldinabandhu	PROPN
cjfa-30366	267	3	bag122	bag122	PROPN
cjfa-30366	267	4	ance	ance	NOUN
cjfa-30366	267	5	(	(	PUNCT
cjfa-30366	267	6	spin=0	spin=0	NOUN
cjfa-30366	267	7	)	)	PUNCT
cjfa-30366	267	8	reflects	reflect	VERB
cjfa-30366	267	9	the	the	DET
cjfa-30366	267	10	absence	absence	NOUN
cjfa-30366	267	11	of	of	ADP
cjfa-30366	267	12	asymmetry	asymmetry	NOUN
cjfa-30366	267	13	and	and	CCONJ
cjfa-30366	267	14	the	the	DET
cjfa-30366	267	15	maximum	maximum	ADJ
cjfa-30366	267	16	imbalance	imbalance	NOUN
cjfa-30366	267	17	(	(	PUNCT
cjfa-30366	267	18	spin=1	spin=1	NOUN
cjfa-30366	267	19	)	)	PUNCT
cjfa-30366	267	20	reflects	reflect	VERB
cjfa-30366	267	21	the	the	DET
cjfa-30366	267	22	presence	presence	NOUN
cjfa-30366	267	23	of	of	ADP
cjfa-30366	267	24	asymmetry	asymmetry	NOUN
cjfa-30366	267	25	.	.	PUNCT
cjfa-30366	268	1	table	table	NOUN
cjfa-30366	268	2	2	2	NUM
cjfa-30366	268	3	provides	provide	VERB
cjfa-30366	268	4	the	the	DET
cjfa-30366	268	5	descriptive	descriptive	ADJ
cjfa-30366	268	6	statistics	statistic	NOUN
cjfa-30366	268	7	of	of	ADP
cjfa-30366	268	8	spin	spin	NOUN
cjfa-30366	268	9	(	(	PUNCT
cjfa-30366	268	10	simple	simple	ADJ
cjfa-30366	268	11	probability	probability	NOUN
cjfa-30366	268	12	information	information	NOUN
cjfa-30366	268	13	and	and	CCONJ
cjfa-30366	268	14	order	order	NOUN
cjfa-30366	268	15	imbalance	imbalance	NOUN
cjfa-30366	268	16	)	)	PUNCT
cjfa-30366	268	17	.	.	PUNCT
cjfa-30366	269	1	it	it	PRON
cjfa-30366	269	2	picturise	picturise	VERB
cjfa-30366	269	3	the	the	DET
cjfa-30366	269	4	sample	sample	NOUN
cjfa-30366	269	5	mean	mean	VERB
cjfa-30366	269	6	,	,	PUNCT
cjfa-30366	269	7	extreme	extreme	ADJ
cjfa-30366	269	8	days	day	NOUN
cjfa-30366	269	9	of	of	ADP
cjfa-30366	269	10	spin	spin	NOUN
cjfa-30366	269	11	and	and	CCONJ
cjfa-30366	269	12	the	the	DET
cjfa-30366	269	13	deviation	deviation	NOUN
cjfa-30366	269	14	from	from	ADP
cjfa-30366	269	15	the	the	DET
cjfa-30366	269	16	mean	mean	ADJ
cjfa-30366	269	17	values	value	NOUN
cjfa-30366	269	18	.	.	PUNCT
cjfa-30366	270	1	it	it	PRON
cjfa-30366	270	2	also	also	ADV
cjfa-30366	270	3	provides	provide	VERB
cjfa-30366	270	4	the	the	DET
cjfa-30366	270	5	names	name	NOUN
cjfa-30366	270	6	of	of	ADP
cjfa-30366	270	7	tickers	ticker	NOUN
cjfa-30366	270	8	and	and	CCONJ
cjfa-30366	270	9	the	the	DET
cjfa-30366	270	10	dates	date	NOUN
cjfa-30366	270	11	alongside	alongside	ADV
cjfa-30366	270	12	when	when	SCONJ
cjfa-30366	270	13	these	these	DET
cjfa-30366	270	14	stocks	stock	NOUN
cjfa-30366	270	15	displayed	display	VERB
cjfa-30366	270	16	extreme	extreme	ADJ
cjfa-30366	270	17	values	value	NOUN
cjfa-30366	270	18	(	(	PUNCT
cjfa-30366	270	19	minimum	minimum	NOUN
cjfa-30366	270	20	or	or	CCONJ
cjfa-30366	270	21	maximum	maximum	ADJ
cjfa-30366	270	22	)	)	PUNCT
cjfa-30366	270	23	of	of	ADP
cjfa-30366	270	24	spin	spin	NOUN
cjfa-30366	270	25	during	during	ADP
cjfa-30366	270	26	the	the	DET
cjfa-30366	270	27	period	period	NOUN
cjfa-30366	270	28	.	.	PUNCT
cjfa-30366	271	1	as	as	SCONJ
cjfa-30366	271	2	shown	show	VERB
cjfa-30366	271	3	in	in	ADP
cjfa-30366	271	4	table	table	NOUN
cjfa-30366	271	5	2	2	NUM
cjfa-30366	271	6	,	,	PUNCT
cjfa-30366	271	7	the	the	DET
cjfa-30366	271	8	mean	mean	ADJ
cjfa-30366	271	9	spin	spin	NOUN
cjfa-30366	271	10	value	value	NOUN
cjfa-30366	271	11	of	of	ADP
cjfa-30366	271	12	0.45	0.45	NUM
cjfa-30366	271	13	for	for	ADP
cjfa-30366	271	14	the	the	DET
cjfa-30366	271	15	market	market	NOUN
cjfa-30366	271	16	reflects	reflect	VERB
cjfa-30366	271	17	that	that	SCONJ
cjfa-30366	271	18	the	the	DET
cjfa-30366	271	19	information	information	NOUN
cjfa-30366	271	20	content	content	NOUN
cjfa-30366	271	21	is	be	AUX
cjfa-30366	271	22	somewhat	somewhat	ADV
cjfa-30366	271	23	better	well	ADJ
cjfa-30366	271	24	than	than	ADP
cjfa-30366	271	25	0.5	0.5	NUM
cjfa-30366	271	26	,	,	PUNCT
cjfa-30366	271	27	but	but	CCONJ
cjfa-30366	271	28	it	it	PRON
cjfa-30366	271	29	is	be	AUX
cjfa-30366	271	30	still	still	ADV
cjfa-30366	271	31	far	far	ADV
cjfa-30366	271	32	away	away	ADV
cjfa-30366	271	33	from	from	ADP
cjfa-30366	271	34	attaining	attain	VERB
cjfa-30366	271	35	the	the	DET
cjfa-30366	271	36	value	value	NOUN
cjfa-30366	271	37	0	0	NUM
cjfa-30366	271	38	.	.	PUNCT
cjfa-30366	272	1	we	we	PRON
cjfa-30366	272	2	sorted	sort	VERB
cjfa-30366	272	3	the	the	DET
cjfa-30366	272	4	individual	individual	ADJ
cjfa-30366	272	5	spin	spin	NOUN
cjfa-30366	272	6	values	value	NOUN
cjfa-30366	272	7	of	of	ADP
cjfa-30366	272	8	each	each	DET
cjfa-30366	272	9	stock	stock	NOUN
cjfa-30366	272	10	by	by	ADP
cjfa-30366	272	11	descending	descend	VERB
cjfa-30366	272	12	order	order	NOUN
cjfa-30366	272	13	to	to	PART
cjfa-30366	272	14	find	find	VERB
cjfa-30366	272	15	the	the	DET
cjfa-30366	272	16	dates	date	NOUN
cjfa-30366	272	17	on	on	ADP
cjfa-30366	272	18	which	which	PRON
cjfa-30366	272	19	they	they	PRON
cjfa-30366	272	20	displayed	display	VERB
cjfa-30366	272	21	the	the	DET
cjfa-30366	272	22	minimum	minimum	ADJ
cjfa-30366	272	23	information	information	NOUN
cjfa-30366	272	24	,	,	PUNCT
cjfa-30366	272	25	and	and	CCONJ
cjfa-30366	272	26	the	the	DET
cjfa-30366	272	27	dates	date	NOUN
cjfa-30366	272	28	on	on	ADP
cjfa-30366	272	29	which	which	PRON
cjfa-30366	272	30	they	they	PRON
cjfa-30366	272	31	displayed	display	VERB
cjfa-30366	272	32	maximum	maximum	ADJ
cjfa-30366	272	33	information	information	NOUN
cjfa-30366	272	34	.	.	PUNCT
cjfa-30366	273	1	the	the	DET
cjfa-30366	273	2	average	average	ADJ
cjfa-30366	273	3	spin	spin	NOUN
cjfa-30366	273	4	of	of	ADP
cjfa-30366	273	5	five	five	NUM
cjfa-30366	273	6	(	(	PUNCT
cjfa-30366	273	7	5	5	NUM
cjfa-30366	273	8	)	)	PUNCT
cjfa-30366	273	9	minimum	minimum	ADJ
cjfa-30366	273	10	information	information	NOUN
cjfa-30366	273	11	stocks	stock	NOUN
cjfa-30366	273	12	has	have	AUX
cjfa-30366	273	13	not	not	PART
cjfa-30366	273	14	increased	increase	VERB
cjfa-30366	273	15	in	in	ADP
cjfa-30366	273	16	the	the	DET
cjfa-30366	273	17	later	later	ADJ
cjfa-30366	273	18	period	period	NOUN
cjfa-30366	273	19	.	.	PUNCT
cjfa-30366	274	1	figure	figure	NOUN
cjfa-30366	274	2	1	1	NUM
cjfa-30366	274	3	(	(	PUNCT
cjfa-30366	274	4	a	a	NOUN
cjfa-30366	274	5	)	)	PUNCT
cjfa-30366	274	6	.	.	PUNCT
cjfa-30366	275	1	variation	variation	NOUN
cjfa-30366	275	2	of	of	ADP
cjfa-30366	275	3	minimum	minimum	ADJ
cjfa-30366	275	4	information	information	NOUN
cjfa-30366	275	5	stocks	stock	NOUN
cjfa-30366	275	6	(	(	PUNCT
cjfa-30366	275	7	spin	spin	NOUN
cjfa-30366	275	8	)	)	PUNCT
cjfa-30366	275	9	(	(	PUNCT
cjfa-30366	275	10	april	april	PROPN
cjfa-30366	275	11	to	to	ADP
cjfa-30366	275	12	may	may	AUX
cjfa-30366	275	13	)	)	PUNCT
cjfa-30366	275	14	figure	figure	VERB
cjfa-30366	275	15	1	1	NUM
cjfa-30366	275	16	(	(	PUNCT
cjfa-30366	275	17	a	a	NOUN
cjfa-30366	275	18	)	)	PUNCT
cjfa-30366	275	19	.	.	PUNCT
cjfa-30366	276	1	variation	variation	NOUN
cjfa-30366	276	2	of	of	ADP
cjfa-30366	276	3	minimum	minimum	ADJ
cjfa-30366	276	4	information	information	NOUN
cjfa-30366	276	5	stocks	stock	NOUN
cjfa-30366	276	6	(	(	PUNCT
cjfa-30366	276	7	spin	spin	NOUN
cjfa-30366	276	8	)	)	PUNCT
cjfa-30366	276	9	(	(	PUNCT
cjfa-30366	276	10	april	april	PROPN
cjfa-30366	276	11	to	to	ADP
cjfa-30366	276	12	may	may	AUX
cjfa-30366	276	13	)	)	PUNCT
cjfa-30366	276	14	note	note	VERB
cjfa-30366	276	15	:	:	PUNCT
cjfa-30366	276	16	the	the	DET
cjfa-30366	276	17	stocks	stock	NOUN
cjfa-30366	276	18	are	be	AUX
cjfa-30366	276	19	illiquid	illiquid	ADJ
cjfa-30366	276	20	and	and	CCONJ
cjfa-30366	276	21	hence	hence	ADV
cjfa-30366	276	22	information	information	NOUN
cjfa-30366	276	23	content	content	NOUN
cjfa-30366	276	24	is	be	AUX
cjfa-30366	276	25	lower	low	ADJ
cjfa-30366	276	26	.	.	PUNCT
cjfa-30366	277	1	source	source	NOUN
cjfa-30366	277	2	:	:	PUNCT
cjfa-30366	277	3	author	author	NOUN
cjfa-30366	277	4	’s	’s	PART
cjfa-30366	277	5	compilation	compilation	NOUN
cjfa-30366	277	6	.	.	PUNCT
cjfa-30366	278	1	figure	figure	NOUN
cjfa-30366	278	2	1	1	NUM
cjfa-30366	278	3	(	(	PUNCT
cjfa-30366	278	4	b	b	NOUN
cjfa-30366	278	5	)	)	PUNCT
cjfa-30366	278	6	.	.	PUNCT
cjfa-30366	279	1	variation	variation	NOUN
cjfa-30366	279	2	of	of	ADP
cjfa-30366	279	3	minimum	minimum	ADJ
cjfa-30366	279	4	information	information	NOUN
cjfa-30366	279	5	stocks	stock	NOUN
cjfa-30366	279	6	(	(	PUNCT
cjfa-30366	279	7	spin	spin	NOUN
cjfa-30366	279	8	)	)	PUNCT
cjfa-30366	279	9	(	(	PUNCT
cjfa-30366	279	10	august	august	PROPN
cjfa-30366	279	11	to	to	ADP
cjfa-30366	279	12	september	september	PROPN
cjfa-30366	279	13	)	)	PUNCT
cjfa-30366	280	1	0,00	0,00	PROPN
cjfa-30366	280	2	0,40	0,40	NUM
cjfa-30366	280	3	0,80	0,80	VERB
cjfa-30366	280	4	a	a	DET
cjfa-30366	280	5	pr	pr	NOUN
cjfa-30366	280	6	-1	-1	ADP
cjfa-30366	280	7	3	3	NUM
cjfa-30366	280	8	a	a	DET
cjfa-30366	280	9	pr	pr	NOUN
cjfa-30366	280	10	-1	-1	ADP
cjfa-30366	280	11	3	3	NUM
cjfa-30366	280	12	a	a	DET
cjfa-30366	280	13	pr	pr	NOUN
cjfa-30366	280	14	-1	-1	ADP
cjfa-30366	280	15	3	3	NUM
cjfa-30366	280	16	a	a	DET
cjfa-30366	280	17	pr	pr	NOUN
cjfa-30366	280	18	-1	-1	ADP
cjfa-30366	280	19	3	3	NUM
cjfa-30366	280	20	a	a	DET
cjfa-30366	280	21	pr	pr	NOUN
cjfa-30366	280	22	-1	-1	ADP
cjfa-30366	280	23	3	3	NUM
cjfa-30366	280	24	a	a	DET
cjfa-30366	280	25	pr	pr	NOUN
cjfa-30366	280	26	-1	-1	ADP
cjfa-30366	280	27	3	3	NUM
cjfa-30366	280	28	a	a	DET
cjfa-30366	280	29	pr	pr	NOUN
cjfa-30366	280	30	-1	-1	ADP
cjfa-30366	280	31	3	3	NUM
cjfa-30366	280	32	a	a	DET
cjfa-30366	280	33	pr	pr	NOUN
cjfa-30366	280	34	-1	-1	ADP
cjfa-30366	280	35	3	3	NUM
cjfa-30366	280	36	a	a	DET
cjfa-30366	280	37	pr	pr	NOUN
cjfa-30366	280	38	-1	-1	ADP
cjfa-30366	280	39	3	3	NUM
cjfa-30366	280	40	a	a	DET
cjfa-30366	280	41	pr	pr	NOUN
cjfa-30366	280	42	-1	-1	ADP
cjfa-30366	280	43	3	3	NUM
cjfa-30366	280	44	a	a	DET
cjfa-30366	280	45	pr	pr	NOUN
cjfa-30366	280	46	-1	-1	ADP
cjfa-30366	280	47	3	3	NUM
cjfa-30366	280	48	a	a	DET
cjfa-30366	280	49	pr	pr	NOUN
cjfa-30366	280	50	-1	-1	ADP
cjfa-30366	280	51	3	3	NUM
cjfa-30366	280	52	a	a	DET
cjfa-30366	280	53	pr	pr	NOUN
cjfa-30366	280	54	-1	-1	ADP
cjfa-30366	280	55	3	3	NUM
cjfa-30366	280	56	a	a	DET
cjfa-30366	280	57	pr	pr	NOUN
cjfa-30366	280	58	-1	-1	ADP
cjfa-30366	280	59	3	3	NUM
cjfa-30366	280	60	a	a	DET
cjfa-30366	280	61	pr	pr	NOUN
cjfa-30366	280	62	-1	-1	ADP
cjfa-30366	280	63	3	3	NUM
cjfa-30366	280	64	m	m	NOUN
cjfa-30366	280	65	ay	ay	NOUN
cjfa-30366	280	66	-1	-1	ADJ
cjfa-30366	280	67	3	3	NUM
cjfa-30366	280	68	m	m	NOUN
cjfa-30366	280	69	ay	ay	NOUN
cjfa-30366	280	70	-1	-1	ADJ
cjfa-30366	280	71	3	3	NUM
cjfa-30366	280	72	m	m	NOUN
cjfa-30366	280	73	ay	ay	NOUN
cjfa-30366	280	74	-1	-1	ADJ
cjfa-30366	280	75	3	3	NUM
cjfa-30366	280	76	m	m	NOUN
cjfa-30366	280	77	ay	ay	NOUN
cjfa-30366	280	78	-1	-1	ADJ
cjfa-30366	280	79	3	3	NUM
cjfa-30366	280	80	m	m	NOUN
cjfa-30366	280	81	ay	ay	NOUN
cjfa-30366	280	82	-1	-1	ADJ
cjfa-30366	280	83	3	3	NUM
cjfa-30366	280	84	m	m	NOUN
cjfa-30366	280	85	ay	ay	NOUN
cjfa-30366	280	86	-1	-1	ADJ
cjfa-30366	280	87	3	3	NUM
cjfa-30366	280	88	m	m	NOUN
cjfa-30366	280	89	ay	ay	NOUN
cjfa-30366	280	90	-1	-1	ADJ
cjfa-30366	280	91	3	3	NUM
cjfa-30366	280	92	m	m	NOUN
cjfa-30366	280	93	ay	ay	NOUN
cjfa-30366	280	94	-1	-1	ADJ
cjfa-30366	280	95	3	3	NUM
cjfa-30366	280	96	m	m	NOUN
cjfa-30366	280	97	ay	ay	NOUN
cjfa-30366	280	98	-1	-1	ADJ
cjfa-30366	280	99	3	3	NUM
cjfa-30366	280	100	m	m	NOUN
cjfa-30366	280	101	ay	ay	NOUN
cjfa-30366	280	102	-1	-1	ADJ
cjfa-30366	280	103	3	3	NUM
cjfa-30366	280	104	m	m	NOUN
cjfa-30366	280	105	ay	ay	NOUN
cjfa-30366	280	106	-1	-1	ADJ
cjfa-30366	280	107	3	3	NUM
cjfa-30366	280	108	m	m	NOUN
cjfa-30366	280	109	ay	ay	NOUN
cjfa-30366	280	110	-1	-1	ADJ
cjfa-30366	280	111	3	3	NUM
cjfa-30366	280	112	m	m	NOUN
cjfa-30366	280	113	ay	ay	NOUN
cjfa-30366	280	114	-1	-1	ADJ
cjfa-30366	280	115	3	3	NUM
cjfa-30366	280	116	m	m	NOUN
cjfa-30366	280	117	ay	ay	NOUN
cjfa-30366	280	118	-1	-1	ADJ
cjfa-30366	280	119	3	3	NUM
cjfa-30366	280	120	m	m	NOUN
cjfa-30366	280	121	ay	ay	NOUN
cjfa-30366	280	122	-1	-1	ADJ
cjfa-30366	280	123	3	3	NUM
cjfa-30366	280	124	m	m	NOUN
cjfa-30366	280	125	ay	ay	NOUN
cjfa-30366	280	126	-1	-1	ADJ
cjfa-30366	280	127	3	3	NUM
cjfa-30366	280	128	torntphar	torntphar	NOUN
cjfa-30366	280	129	smlisuzu	smlisuzu	NOUN
cjfa-30366	280	130	arshiya	arshiya	PROPN
cjfa-30366	280	131	sanghvifo	sanghvifo	PROPN
cjfa-30366	280	132	chemfalka	chemfalka	PROPN
cjfa-30366	280	133	mean	mean	VERB
cjfa-30366	280	134	0	0	NUM
cjfa-30366	280	135	0,4	0,4	NUM
cjfa-30366	280	136	0,8	0,8	NUM
cjfa-30366	280	137	a	a	PRON
cjfa-30366	280	138	ug	ug	ADP
cjfa-30366	280	139	-1	-1	ADP
cjfa-30366	280	140	3	3	NUM
cjfa-30366	280	141	a	a	PRON
cjfa-30366	280	142	ug	ug	ADP
cjfa-30366	280	143	-1	-1	ADP
cjfa-30366	280	144	3	3	NUM
cjfa-30366	280	145	a	a	PRON
cjfa-30366	280	146	ug	ug	ADP
cjfa-30366	280	147	-1	-1	ADP
cjfa-30366	280	148	3	3	NUM
cjfa-30366	280	149	a	a	PRON
cjfa-30366	280	150	ug	ug	ADP
cjfa-30366	280	151	-1	-1	ADP
cjfa-30366	280	152	3	3	NUM
cjfa-30366	280	153	a	a	PRON
cjfa-30366	280	154	ug	ug	ADP
cjfa-30366	280	155	-1	-1	ADP
cjfa-30366	280	156	3	3	NUM
cjfa-30366	280	157	a	a	PRON
cjfa-30366	280	158	ug	ug	ADP
cjfa-30366	280	159	-1	-1	ADP
cjfa-30366	280	160	3	3	NUM
cjfa-30366	280	161	a	a	PRON
cjfa-30366	280	162	ug	ug	ADP
cjfa-30366	280	163	-1	-1	ADP
cjfa-30366	280	164	3	3	NUM
cjfa-30366	280	165	a	a	PRON
cjfa-30366	280	166	ug	ug	ADP
cjfa-30366	280	167	-1	-1	ADP
cjfa-30366	280	168	3	3	NUM
cjfa-30366	280	169	a	a	PRON
cjfa-30366	280	170	ug	ug	ADP
cjfa-30366	280	171	-1	-1	ADP
cjfa-30366	280	172	3	3	NUM
cjfa-30366	280	173	a	a	PRON
cjfa-30366	280	174	ug	ug	ADP
cjfa-30366	280	175	-1	-1	ADP
cjfa-30366	280	176	3	3	NUM
cjfa-30366	280	177	a	a	PRON
cjfa-30366	280	178	ug	ug	ADP
cjfa-30366	280	179	-1	-1	ADP
cjfa-30366	280	180	3	3	NUM
cjfa-30366	280	181	a	a	PRON
cjfa-30366	280	182	ug	ug	ADP
cjfa-30366	280	183	-1	-1	ADP
cjfa-30366	280	184	3	3	NUM
cjfa-30366	280	185	a	a	PRON
cjfa-30366	280	186	ug	ug	ADP
cjfa-30366	280	187	-1	-1	ADP
cjfa-30366	280	188	3	3	NUM
cjfa-30366	280	189	a	a	PRON
cjfa-30366	280	190	ug	ug	ADP
cjfa-30366	280	191	-1	-1	ADP
cjfa-30366	280	192	3	3	NUM
cjfa-30366	280	193	a	a	PRON
cjfa-30366	280	194	ug	ug	ADP
cjfa-30366	280	195	-1	-1	ADP
cjfa-30366	280	196	3	3	NUM
cjfa-30366	280	197	a	a	PRON
cjfa-30366	280	198	ug	ug	ADP
cjfa-30366	280	199	-1	-1	PROPN
cjfa-30366	280	200	3	3	NUM
cjfa-30366	280	201	se	se	PROPN
cjfa-30366	280	202	p13	p13	PROPN
cjfa-30366	280	203	se	se	PROPN
cjfa-30366	280	204	p13	p13	PROPN
cjfa-30366	280	205	se	se	PROPN
cjfa-30366	280	206	p13	p13	PROPN
cjfa-30366	280	207	se	se	PROPN
cjfa-30366	280	208	p13	p13	PROPN
cjfa-30366	280	209	se	se	PROPN
cjfa-30366	280	210	p13	p13	PROPN
cjfa-30366	280	211	se	se	PROPN
cjfa-30366	280	212	p13	p13	PROPN
cjfa-30366	280	213	se	se	PROPN
cjfa-30366	280	214	p13	p13	PROPN
cjfa-30366	280	215	se	se	PROPN
cjfa-30366	280	216	p13	p13	PROPN
cjfa-30366	280	217	se	se	PROPN
cjfa-30366	280	218	p13	p13	PROPN
cjfa-30366	280	219	se	se	PROPN
cjfa-30366	280	220	p13	p13	PROPN
cjfa-30366	280	221	se	se	PROPN
cjfa-30366	280	222	p13	p13	PROPN
cjfa-30366	280	223	se	se	PROPN
cjfa-30366	280	224	p13	p13	PROPN
cjfa-30366	280	225	se	se	PROPN
cjfa-30366	280	226	p13	p13	PROPN
cjfa-30366	280	227	se	se	PROPN
cjfa-30366	280	228	p13	p13	PROPN
cjfa-30366	280	229	se	se	PROPN
cjfa-30366	280	230	p13	p13	PROPN
cjfa-30366	280	231	torntphar	torntphar	PROPN
cjfa-30366	280	232	smlisuzu	smlisuzu	PROPN
cjfa-30366	280	233	arshiya	arshiya	PROPN
cjfa-30366	281	1	sanghvifo	sanghvifo	PROPN
cjfa-30366	281	2	chemfalka	chemfalka	PROPN
cjfa-30366	281	3	mean	mean	VERB
cjfa-30366	281	4	n	n	CCONJ
cjfa-30366	281	5	o	o	NOUN
cjfa-30366	281	6	t	t	NOUN
cjfa-30366	281	7	e	e	NOUN
cjfa-30366	281	8	:	:	PUNCT
cjfa-30366	281	9	the	the	DET
cjfa-30366	281	10	stocks	stock	NOUN
cjfa-30366	281	11	are	be	AUX
cjfa-30366	281	12	illiquid	illiquid	ADJ
cjfa-30366	281	13	and	and	CCONJ
cjfa-30366	281	14	hence	hence	ADV
cjfa-30366	281	15	information	information	NOUN
cjfa-30366	281	16	content	content	NOUN
cjfa-30366	281	17	is	be	AUX
cjfa-30366	281	18	lower	low	ADJ
cjfa-30366	281	19	.	.	PUNCT
cjfa-30366	282	1	s	s	PART
cjfa-30366	282	2	o	o	X
cjfa-30366	282	3	u	u	NOUN
cjfa-30366	282	4	r	r	NOUN
cjfa-30366	282	5	c	c	NOUN
cjfa-30366	282	6	e	e	NOUN
cjfa-30366	282	7	:	:	PUNCT
cjfa-30366	282	8	author	author	NOUN
cjfa-30366	282	9	’s	’s	PART
cjfa-30366	282	10	compilation	compilation	NOUN
cjfa-30366	282	11	.	.	PUNCT
cjfa-30366	283	1	figure	figure	NOUN
cjfa-30366	283	2	1	1	NUM
cjfa-30366	283	3	(	(	PUNCT
cjfa-30366	283	4	b	b	NOUN
cjfa-30366	283	5	)	)	PUNCT
cjfa-30366	283	6	.	.	PUNCT
cjfa-30366	284	1	variation	variation	NOUN
cjfa-30366	284	2	of	of	ADP
cjfa-30366	284	3	minimum	minimum	ADJ
cjfa-30366	284	4	information	information	NOUN
cjfa-30366	284	5	stocks	stock	NOUN
cjfa-30366	284	6	(	(	PUNCT
cjfa-30366	284	7	spin	spin	NOUN
cjfa-30366	284	8	)	)	PUNCT
cjfa-30366	284	9	(	(	PUNCT
cjfa-30366	284	10	august	august	NOUN
cjfa-30366	284	11	to	to	ADP
cjfa-30366	284	12	september	september	PROPN
cjfa-30366	284	13	)	)	PUNCT
cjfa-30366	284	14	figure	figure	NOUN
cjfa-30366	284	15	1	1	NUM
cjfa-30366	284	16	(	(	PUNCT
cjfa-30366	284	17	a	a	NOUN
cjfa-30366	284	18	)	)	PUNCT
cjfa-30366	284	19	.	.	PUNCT
cjfa-30366	285	1	variation	variation	NOUN
cjfa-30366	285	2	of	of	ADP
cjfa-30366	285	3	minimum	minimum	ADJ
cjfa-30366	285	4	information	information	NOUN
cjfa-30366	285	5	stocks	stock	NOUN
cjfa-30366	285	6	(	(	PUNCT
cjfa-30366	285	7	spin	spin	NOUN
cjfa-30366	285	8	)	)	PUNCT
cjfa-30366	285	9	(	(	PUNCT
cjfa-30366	285	10	april	april	PROPN
cjfa-30366	285	11	to	to	ADP
cjfa-30366	285	12	may	may	AUX
cjfa-30366	285	13	)	)	PUNCT
cjfa-30366	285	14	note	note	VERB
cjfa-30366	285	15	:	:	PUNCT
cjfa-30366	285	16	the	the	DET
cjfa-30366	285	17	stocks	stock	NOUN
cjfa-30366	285	18	are	be	AUX
cjfa-30366	285	19	illiquid	illiquid	ADJ
cjfa-30366	285	20	and	and	CCONJ
cjfa-30366	285	21	hence	hence	ADV
cjfa-30366	285	22	information	information	NOUN
cjfa-30366	285	23	content	content	NOUN
cjfa-30366	285	24	is	be	AUX
cjfa-30366	285	25	lower	low	ADJ
cjfa-30366	285	26	.	.	PUNCT
cjfa-30366	286	1	source	source	NOUN
cjfa-30366	286	2	:	:	PUNCT
cjfa-30366	286	3	author	author	NOUN
cjfa-30366	286	4	’s	’s	PART
cjfa-30366	286	5	compilation	compilation	NOUN
cjfa-30366	286	6	.	.	PUNCT
cjfa-30366	287	1	figure	figure	NOUN
cjfa-30366	287	2	1	1	NUM
cjfa-30366	287	3	(	(	PUNCT
cjfa-30366	287	4	b	b	NOUN
cjfa-30366	287	5	)	)	PUNCT
cjfa-30366	287	6	.	.	PUNCT
cjfa-30366	288	1	variation	variation	NOUN
cjfa-30366	288	2	of	of	ADP
cjfa-30366	288	3	minimum	minimum	ADJ
cjfa-30366	288	4	information	information	NOUN
cjfa-30366	288	5	stocks	stock	NOUN
cjfa-30366	288	6	(	(	PUNCT
cjfa-30366	288	7	spin	spin	NOUN
cjfa-30366	288	8	)	)	PUNCT
cjfa-30366	288	9	(	(	PUNCT
cjfa-30366	288	10	august	august	PROPN
cjfa-30366	288	11	to	to	ADP
cjfa-30366	288	12	september	september	PROPN
cjfa-30366	288	13	)	)	PUNCT
cjfa-30366	289	1	0,00	0,00	PROPN
cjfa-30366	289	2	0,40	0,40	NUM
cjfa-30366	289	3	0,80	0,80	VERB
cjfa-30366	289	4	a	a	DET
cjfa-30366	289	5	pr	pr	NOUN
cjfa-30366	289	6	-1	-1	ADP
cjfa-30366	289	7	3	3	NUM
cjfa-30366	289	8	a	a	DET
cjfa-30366	289	9	pr	pr	NOUN
cjfa-30366	289	10	-1	-1	ADP
cjfa-30366	289	11	3	3	NUM
cjfa-30366	289	12	a	a	DET
cjfa-30366	289	13	pr	pr	NOUN
cjfa-30366	289	14	-1	-1	ADP
cjfa-30366	289	15	3	3	NUM
cjfa-30366	289	16	a	a	DET
cjfa-30366	289	17	pr	pr	NOUN
cjfa-30366	289	18	-1	-1	ADP
cjfa-30366	289	19	3	3	NUM
cjfa-30366	289	20	a	a	DET
cjfa-30366	289	21	pr	pr	NOUN
cjfa-30366	289	22	-1	-1	ADP
cjfa-30366	289	23	3	3	NUM
cjfa-30366	289	24	a	a	DET
cjfa-30366	289	25	pr	pr	NOUN
cjfa-30366	289	26	-1	-1	ADP
cjfa-30366	289	27	3	3	NUM
cjfa-30366	289	28	a	a	DET
cjfa-30366	289	29	pr	pr	NOUN
cjfa-30366	289	30	-1	-1	ADP
cjfa-30366	289	31	3	3	NUM
cjfa-30366	289	32	a	a	DET
cjfa-30366	289	33	pr	pr	NOUN
cjfa-30366	289	34	-1	-1	ADP
cjfa-30366	289	35	3	3	NUM
cjfa-30366	289	36	a	a	DET
cjfa-30366	289	37	pr	pr	NOUN
cjfa-30366	289	38	-1	-1	ADP
cjfa-30366	289	39	3	3	NUM
cjfa-30366	289	40	a	a	DET
cjfa-30366	289	41	pr	pr	NOUN
cjfa-30366	289	42	-1	-1	ADP
cjfa-30366	289	43	3	3	NUM
cjfa-30366	289	44	a	a	DET
cjfa-30366	289	45	pr	pr	NOUN
cjfa-30366	289	46	-1	-1	ADP
cjfa-30366	289	47	3	3	NUM
cjfa-30366	289	48	a	a	DET
cjfa-30366	289	49	pr	pr	NOUN
cjfa-30366	289	50	-1	-1	ADP
cjfa-30366	289	51	3	3	NUM
cjfa-30366	289	52	a	a	DET
cjfa-30366	289	53	pr	pr	NOUN
cjfa-30366	289	54	-1	-1	ADP
cjfa-30366	289	55	3	3	NUM
cjfa-30366	289	56	a	a	DET
cjfa-30366	289	57	pr	pr	NOUN
cjfa-30366	289	58	-1	-1	ADP
cjfa-30366	289	59	3	3	NUM
cjfa-30366	289	60	a	a	DET
cjfa-30366	289	61	pr	pr	NOUN
cjfa-30366	289	62	-1	-1	ADP
cjfa-30366	289	63	3	3	NUM
cjfa-30366	289	64	m	m	NOUN
cjfa-30366	289	65	ay	ay	NOUN
cjfa-30366	289	66	-1	-1	ADJ
cjfa-30366	289	67	3	3	NUM
cjfa-30366	289	68	m	m	NOUN
cjfa-30366	289	69	ay	ay	NOUN
cjfa-30366	289	70	-1	-1	ADJ
cjfa-30366	289	71	3	3	NUM
cjfa-30366	289	72	m	m	NOUN
cjfa-30366	289	73	ay	ay	NOUN
cjfa-30366	289	74	-1	-1	ADJ
cjfa-30366	289	75	3	3	NUM
cjfa-30366	289	76	m	m	NOUN
cjfa-30366	289	77	ay	ay	NOUN
cjfa-30366	289	78	-1	-1	ADJ
cjfa-30366	289	79	3	3	NUM
cjfa-30366	289	80	m	m	NOUN
cjfa-30366	289	81	ay	ay	NOUN
cjfa-30366	289	82	-1	-1	ADJ
cjfa-30366	289	83	3	3	NUM
cjfa-30366	289	84	m	m	NOUN
cjfa-30366	289	85	ay	ay	NOUN
cjfa-30366	289	86	-1	-1	ADJ
cjfa-30366	289	87	3	3	NUM
cjfa-30366	289	88	m	m	NOUN
cjfa-30366	289	89	ay	ay	NOUN
cjfa-30366	289	90	-1	-1	ADJ
cjfa-30366	289	91	3	3	NUM
cjfa-30366	289	92	m	m	NOUN
cjfa-30366	289	93	ay	ay	NOUN
cjfa-30366	289	94	-1	-1	ADJ
cjfa-30366	289	95	3	3	NUM
cjfa-30366	289	96	m	m	NOUN
cjfa-30366	289	97	ay	ay	NOUN
cjfa-30366	289	98	-1	-1	ADJ
cjfa-30366	289	99	3	3	NUM
cjfa-30366	289	100	m	m	NOUN
cjfa-30366	289	101	ay	ay	NOUN
cjfa-30366	289	102	-1	-1	ADJ
cjfa-30366	289	103	3	3	NUM
cjfa-30366	289	104	m	m	NOUN
cjfa-30366	289	105	ay	ay	NOUN
cjfa-30366	289	106	-1	-1	ADJ
cjfa-30366	289	107	3	3	NUM
cjfa-30366	289	108	m	m	NOUN
cjfa-30366	289	109	ay	ay	NOUN
cjfa-30366	289	110	-1	-1	ADJ
cjfa-30366	289	111	3	3	NUM
cjfa-30366	289	112	m	m	NOUN
cjfa-30366	289	113	ay	ay	NOUN
cjfa-30366	289	114	-1	-1	ADJ
cjfa-30366	289	115	3	3	NUM
cjfa-30366	289	116	m	m	NOUN
cjfa-30366	289	117	ay	ay	NOUN
cjfa-30366	289	118	-1	-1	ADJ
cjfa-30366	289	119	3	3	NUM
cjfa-30366	289	120	m	m	NOUN
cjfa-30366	289	121	ay	ay	NOUN
cjfa-30366	289	122	-1	-1	ADJ
cjfa-30366	289	123	3	3	NUM
cjfa-30366	289	124	m	m	NOUN
cjfa-30366	289	125	ay	ay	NOUN
cjfa-30366	289	126	-1	-1	ADJ
cjfa-30366	289	127	3	3	NUM
cjfa-30366	289	128	torntphar	torntphar	NOUN
cjfa-30366	289	129	smlisuzu	smlisuzu	NOUN
cjfa-30366	289	130	arshiya	arshiya	PROPN
cjfa-30366	289	131	sanghvifo	sanghvifo	PROPN
cjfa-30366	289	132	chemfalka	chemfalka	PROPN
cjfa-30366	289	133	mean	mean	VERB
cjfa-30366	289	134	0	0	NUM
cjfa-30366	289	135	0,4	0,4	NUM
cjfa-30366	289	136	0,8	0,8	NUM
cjfa-30366	289	137	a	a	PRON
cjfa-30366	289	138	ug	ug	ADP
cjfa-30366	289	139	-1	-1	ADP
cjfa-30366	289	140	3	3	NUM
cjfa-30366	289	141	a	a	PRON
cjfa-30366	289	142	ug	ug	ADP
cjfa-30366	289	143	-1	-1	ADP
cjfa-30366	289	144	3	3	NUM
cjfa-30366	289	145	a	a	PRON
cjfa-30366	289	146	ug	ug	ADP
cjfa-30366	289	147	-1	-1	ADP
cjfa-30366	289	148	3	3	NUM
cjfa-30366	289	149	a	a	PRON
cjfa-30366	289	150	ug	ug	ADP
cjfa-30366	289	151	-1	-1	ADP
cjfa-30366	289	152	3	3	NUM
cjfa-30366	289	153	a	a	PRON
cjfa-30366	289	154	ug	ug	ADP
cjfa-30366	289	155	-1	-1	ADP
cjfa-30366	289	156	3	3	NUM
cjfa-30366	289	157	a	a	PRON
cjfa-30366	289	158	ug	ug	ADP
cjfa-30366	289	159	-1	-1	ADP
cjfa-30366	289	160	3	3	NUM
cjfa-30366	289	161	a	a	PRON
cjfa-30366	289	162	ug	ug	ADP
cjfa-30366	289	163	-1	-1	ADP
cjfa-30366	289	164	3	3	NUM
cjfa-30366	289	165	a	a	PRON
cjfa-30366	289	166	ug	ug	ADP
cjfa-30366	289	167	-1	-1	ADP
cjfa-30366	289	168	3	3	NUM
cjfa-30366	289	169	a	a	PRON
cjfa-30366	289	170	ug	ug	ADP
cjfa-30366	289	171	-1	-1	ADP
cjfa-30366	289	172	3	3	NUM
cjfa-30366	289	173	a	a	PRON
cjfa-30366	289	174	ug	ug	ADP
cjfa-30366	289	175	-1	-1	ADP
cjfa-30366	289	176	3	3	NUM
cjfa-30366	289	177	a	a	PRON
cjfa-30366	289	178	ug	ug	ADP
cjfa-30366	289	179	-1	-1	ADP
cjfa-30366	289	180	3	3	NUM
cjfa-30366	289	181	a	a	PRON
cjfa-30366	289	182	ug	ug	ADP
cjfa-30366	289	183	-1	-1	ADP
cjfa-30366	289	184	3	3	NUM
cjfa-30366	289	185	a	a	PRON
cjfa-30366	289	186	ug	ug	ADP
cjfa-30366	289	187	-1	-1	ADP
cjfa-30366	289	188	3	3	NUM
cjfa-30366	289	189	a	a	PRON
cjfa-30366	289	190	ug	ug	ADP
cjfa-30366	289	191	-1	-1	ADP
cjfa-30366	289	192	3	3	NUM
cjfa-30366	289	193	a	a	PRON
cjfa-30366	289	194	ug	ug	ADP
cjfa-30366	289	195	-1	-1	ADP
cjfa-30366	289	196	3	3	NUM
cjfa-30366	289	197	a	a	PRON
cjfa-30366	289	198	ug	ug	ADP
cjfa-30366	289	199	-1	-1	PROPN
cjfa-30366	289	200	3	3	NUM
cjfa-30366	289	201	se	se	PROPN
cjfa-30366	289	202	p13	p13	PROPN
cjfa-30366	289	203	se	se	PROPN
cjfa-30366	289	204	p13	p13	PROPN
cjfa-30366	289	205	se	se	PROPN
cjfa-30366	289	206	p13	p13	PROPN
cjfa-30366	289	207	se	se	PROPN
cjfa-30366	289	208	p13	p13	PROPN
cjfa-30366	289	209	se	se	PROPN
cjfa-30366	289	210	p13	p13	PROPN
cjfa-30366	289	211	se	se	PROPN
cjfa-30366	289	212	p13	p13	PROPN
cjfa-30366	289	213	se	se	PROPN
cjfa-30366	289	214	p13	p13	PROPN
cjfa-30366	289	215	se	se	PROPN
cjfa-30366	289	216	p13	p13	PROPN
cjfa-30366	289	217	se	se	PROPN
cjfa-30366	289	218	p13	p13	PROPN
cjfa-30366	289	219	se	se	PROPN
cjfa-30366	289	220	p13	p13	PROPN
cjfa-30366	289	221	se	se	PROPN
cjfa-30366	289	222	p13	p13	PROPN
cjfa-30366	289	223	se	se	PROPN
cjfa-30366	289	224	p13	p13	PROPN
cjfa-30366	289	225	se	se	PROPN
cjfa-30366	289	226	p13	p13	PROPN
cjfa-30366	289	227	se	se	PROPN
cjfa-30366	289	228	p13	p13	PROPN
cjfa-30366	289	229	se	se	PROPN
cjfa-30366	289	230	p13	p13	PROPN
cjfa-30366	289	231	torntphar	torntphar	PROPN
cjfa-30366	289	232	smlisuzu	smlisuzu	PROPN
cjfa-30366	289	233	arshiya	arshiya	PROPN
cjfa-30366	290	1	sanghvifo	sanghvifo	PROPN
cjfa-30366	290	2	chemfalka	chemfalka	PROPN
cjfa-30366	290	3	mean	mean	VERB
cjfa-30366	290	4	n	n	CCONJ
cjfa-30366	290	5	o	o	NOUN
cjfa-30366	290	6	t	t	NOUN
cjfa-30366	290	7	e	e	NOUN
cjfa-30366	290	8	:	:	PUNCT
cjfa-30366	290	9	the	the	DET
cjfa-30366	290	10	stocks	stock	NOUN
cjfa-30366	290	11	are	be	AUX
cjfa-30366	290	12	illiquid	illiquid	ADJ
cjfa-30366	290	13	and	and	CCONJ
cjfa-30366	290	14	hence	hence	ADV
cjfa-30366	290	15	information	information	NOUN
cjfa-30366	290	16	content	content	NOUN
cjfa-30366	290	17	is	be	AUX
cjfa-30366	290	18	lower	low	ADJ
cjfa-30366	290	19	.	.	PUNCT
cjfa-30366	291	1	s	s	PART
cjfa-30366	291	2	o	o	X
cjfa-30366	291	3	u	u	NOUN
cjfa-30366	291	4	r	r	NOUN
cjfa-30366	291	5	c	c	NOUN
cjfa-30366	291	6	e	e	NOUN
cjfa-30366	291	7	:	:	PUNCT
cjfa-30366	291	8	author	author	NOUN
cjfa-30366	291	9	’s	’s	PART
cjfa-30366	291	10	compilation	compilation	NOUN
cjfa-30366	291	11	.	.	PUNCT
cjfa-30366	292	1	figure	figure	NOUN
cjfa-30366	292	2	2	2	NUM
cjfa-30366	292	3	(	(	PUNCT
cjfa-30366	292	4	a	a	NOUN
cjfa-30366	292	5	)	)	PUNCT
cjfa-30366	292	6	.	.	PUNCT
cjfa-30366	293	1	variation	variation	NOUN
cjfa-30366	293	2	of	of	ADP
cjfa-30366	293	3	maximum	maximum	ADJ
cjfa-30366	293	4	information	information	NOUN
cjfa-30366	293	5	stocks	stock	NOUN
cjfa-30366	293	6	(	(	PUNCT
cjfa-30366	293	7	spin	spin	NOUN
cjfa-30366	293	8	)	)	PUNCT
cjfa-30366	293	9	(	(	PUNCT
cjfa-30366	293	10	april	april	PROPN
cjfa-30366	293	11	to	to	ADP
cjfa-30366	293	12	may	may	AUX
cjfa-30366	293	13	)	)	PUNCT
cjfa-30366	293	14	note	note	VERB
cjfa-30366	293	15	:	:	PUNCT
cjfa-30366	293	16	the	the	DET
cjfa-30366	293	17	stocks	stock	NOUN
cjfa-30366	293	18	are	be	AUX
cjfa-30366	293	19	illiquid	illiquid	ADJ
cjfa-30366	293	20	and	and	CCONJ
cjfa-30366	293	21	hence	hence	ADV
cjfa-30366	293	22	information	information	NOUN
cjfa-30366	293	23	content	content	NOUN
cjfa-30366	293	24	is	be	AUX
cjfa-30366	293	25	lower	low	ADJ
cjfa-30366	293	26	.	.	PUNCT
cjfa-30366	294	1	source	source	NOUN
cjfa-30366	294	2	:	:	PUNCT
cjfa-30366	294	3	author	author	NOUN
cjfa-30366	294	4	’s	’s	PART
cjfa-30366	294	5	compilation	compilation	NOUN
cjfa-30366	294	6	.	.	PUNCT
cjfa-30366	295	1	figure	figure	NOUN
cjfa-30366	295	2	2	2	NUM
cjfa-30366	295	3	(	(	PUNCT
cjfa-30366	295	4	a	a	NOUN
cjfa-30366	295	5	)	)	PUNCT
cjfa-30366	295	6	.	.	PUNCT
cjfa-30366	296	1	variation	variation	NOUN
cjfa-30366	296	2	of	of	ADP
cjfa-30366	296	3	maximum	maximum	ADJ
cjfa-30366	296	4	information	information	NOUN
cjfa-30366	296	5	stocks	stock	NOUN
cjfa-30366	296	6	(	(	PUNCT
cjfa-30366	296	7	spin	spin	NOUN
cjfa-30366	296	8	)	)	PUNCT
cjfa-30366	296	9	(	(	PUNCT
cjfa-30366	296	10	april	april	PROPN
cjfa-30366	296	11	to	to	ADP
cjfa-30366	296	12	may	may	AUX
cjfa-30366	296	13	)	)	PUNCT
cjfa-30366	296	14	note	note	VERB
cjfa-30366	296	15	:	:	PUNCT
cjfa-30366	296	16	the	the	DET
cjfa-30366	296	17	4	4	NUM
cjfa-30366	296	18	stocks	stock	NOUN
cjfa-30366	296	19	are	be	AUX
cjfa-30366	296	20	nifty	nifty	ADJ
cjfa-30366	296	21	stocks	stock	NOUN
cjfa-30366	296	22	and	and	CCONJ
cjfa-30366	296	23	information	information	NOUN
cjfa-30366	296	24	content	content	NOUN
cjfa-30366	296	25	is	be	AUX
cjfa-30366	296	26	higher	high	ADJ
cjfa-30366	296	27	.	.	PUNCT
cjfa-30366	297	1	source	source	NOUN
cjfa-30366	297	2	:	:	PUNCT
cjfa-30366	297	3	author	author	NOUN
cjfa-30366	297	4	’s	’s	PART
cjfa-30366	297	5	compilation	compilation	NOUN
cjfa-30366	297	6	figure	figure	NOUN
cjfa-30366	297	7	2	2	NUM
cjfa-30366	297	8	(	(	PUNCT
cjfa-30366	297	9	b	b	NOUN
cjfa-30366	297	10	)	)	PUNCT
cjfa-30366	297	11	.	.	PUNCT
cjfa-30366	298	1	variation	variation	NOUN
cjfa-30366	298	2	of	of	ADP
cjfa-30366	298	3	maximum	maximum	ADJ
cjfa-30366	298	4	information	information	NOUN
cjfa-30366	298	5	stocks	stock	NOUN
cjfa-30366	298	6	(	(	PUNCT
cjfa-30366	298	7	spin	spin	NOUN
cjfa-30366	298	8	)	)	PUNCT
cjfa-30366	298	9	(	(	PUNCT
cjfa-30366	298	10	august	august	NOUN
cjfa-30366	298	11	to	to	ADP
cjfa-30366	298	12	september	september	PROPN
cjfa-30366	298	13	)	)	PUNCT
cjfa-30366	298	14	0	0	NUM
cjfa-30366	299	1	0,4	0,4	NUM
cjfa-30366	299	2	0,8	0,8	NUM
cjfa-30366	299	3	a	a	DET
cjfa-30366	299	4	pr	pr	NOUN
cjfa-30366	300	1	il13	il13	PROPN
cjfa-30366	300	2	a	a	DET
cjfa-30366	300	3	pr	pr	NOUN
cjfa-30366	301	1	il13	il13	PROPN
cjfa-30366	301	2	a	a	DET
cjfa-30366	301	3	pr	pr	NOUN
cjfa-30366	302	1	il13	il13	PROPN
cjfa-30366	302	2	a	a	DET
cjfa-30366	302	3	pr	pr	NOUN
cjfa-30366	303	1	il13	il13	PROPN
cjfa-30366	303	2	a	a	DET
cjfa-30366	303	3	pr	pr	NOUN
cjfa-30366	304	1	il13	il13	PROPN
cjfa-30366	304	2	a	a	DET
cjfa-30366	304	3	pr	pr	NOUN
cjfa-30366	305	1	il13	il13	PROPN
cjfa-30366	305	2	a	a	DET
cjfa-30366	305	3	pr	pr	NOUN
cjfa-30366	306	1	il13	il13	PROPN
cjfa-30366	306	2	a	a	DET
cjfa-30366	306	3	pr	pr	NOUN
cjfa-30366	307	1	il13	il13	PROPN
cjfa-30366	307	2	a	a	DET
cjfa-30366	307	3	pr	pr	NOUN
cjfa-30366	308	1	il13	il13	PROPN
cjfa-30366	308	2	a	a	DET
cjfa-30366	308	3	pr	pr	NOUN
cjfa-30366	309	1	il13	il13	PROPN
cjfa-30366	309	2	a	a	DET
cjfa-30366	309	3	pr	pr	NOUN
cjfa-30366	310	1	il13	il13	PROPN
cjfa-30366	310	2	a	a	DET
cjfa-30366	310	3	pr	pr	NOUN
cjfa-30366	311	1	il13	il13	PROPN
cjfa-30366	311	2	a	a	DET
cjfa-30366	311	3	pr	pr	NOUN
cjfa-30366	312	1	il13	il13	PROPN
cjfa-30366	312	2	a	a	DET
cjfa-30366	312	3	pr	pr	NOUN
cjfa-30366	313	1	il13	il13	PROPN
cjfa-30366	313	2	a	a	DET
cjfa-30366	313	3	pr	pr	NOUN
cjfa-30366	314	1	il13	il13	PROPN
cjfa-30366	314	2	m	m	PROPN
cjfa-30366	314	3	ay	ay	NOUN
cjfa-30366	314	4	-1	-1	ADJ
cjfa-30366	314	5	3	3	NUM
cjfa-30366	314	6	m	m	NOUN
cjfa-30366	314	7	ay	ay	NOUN
cjfa-30366	314	8	-1	-1	ADJ
cjfa-30366	314	9	3	3	NUM
cjfa-30366	314	10	m	m	NOUN
cjfa-30366	314	11	ay	ay	NOUN
cjfa-30366	314	12	-1	-1	ADJ
cjfa-30366	314	13	3	3	NUM
cjfa-30366	314	14	m	m	NOUN
cjfa-30366	314	15	ay	ay	NOUN
cjfa-30366	314	16	-1	-1	ADJ
cjfa-30366	314	17	3	3	NUM
cjfa-30366	314	18	m	m	NOUN
cjfa-30366	314	19	ay	ay	NOUN
cjfa-30366	314	20	-1	-1	ADJ
cjfa-30366	314	21	3	3	NUM
cjfa-30366	314	22	m	m	NOUN
cjfa-30366	314	23	ay	ay	NOUN
cjfa-30366	314	24	-1	-1	ADJ
cjfa-30366	314	25	3	3	NUM
cjfa-30366	314	26	m	m	NOUN
cjfa-30366	314	27	ay	ay	NOUN
cjfa-30366	314	28	-1	-1	ADJ
cjfa-30366	314	29	3	3	NUM
cjfa-30366	314	30	m	m	NOUN
cjfa-30366	314	31	ay	ay	NOUN
cjfa-30366	314	32	-1	-1	ADJ
cjfa-30366	314	33	3	3	NUM
cjfa-30366	314	34	m	m	NOUN
cjfa-30366	314	35	ay	ay	NOUN
cjfa-30366	314	36	-1	-1	ADJ
cjfa-30366	314	37	3	3	NUM
cjfa-30366	314	38	m	m	NOUN
cjfa-30366	314	39	ay	ay	NOUN
cjfa-30366	314	40	-1	-1	ADJ
cjfa-30366	314	41	3	3	NUM
cjfa-30366	314	42	m	m	NOUN
cjfa-30366	314	43	ay	ay	NOUN
cjfa-30366	314	44	-1	-1	ADJ
cjfa-30366	314	45	3	3	NUM
cjfa-30366	314	46	m	m	NOUN
cjfa-30366	314	47	ay	ay	NOUN
cjfa-30366	314	48	-1	-1	ADJ
cjfa-30366	314	49	3	3	NUM
cjfa-30366	314	50	m	m	NOUN
cjfa-30366	314	51	ay	ay	NOUN
cjfa-30366	314	52	-1	-1	ADJ
cjfa-30366	314	53	3	3	NUM
cjfa-30366	314	54	m	m	NOUN
cjfa-30366	314	55	ay	ay	NOUN
cjfa-30366	314	56	-1	-1	ADJ
cjfa-30366	314	57	3	3	NUM
cjfa-30366	314	58	m	m	NOUN
cjfa-30366	314	59	ay	ay	NOUN
cjfa-30366	314	60	-1	-1	ADJ
cjfa-30366	314	61	3	3	NUM
cjfa-30366	314	62	dpscltd	dpscltd	PROPN
cjfa-30366	314	63	rubymills	rubymill	VERB
cjfa-30366	314	64	gardensil	gardensil	NOUN
cjfa-30366	314	65	vikasglob	vikasglob	NOUN
cjfa-30366	314	66	mean	mean	VERB
cjfa-30366	314	67	n	n	CCONJ
cjfa-30366	315	1	o	o	NOUN
cjfa-30366	315	2	t	t	NOUN
cjfa-30366	316	1	e	e	NOUN
cjfa-30366	316	2	:	:	PUNCT
cjfa-30366	316	3	the	the	DET
cjfa-30366	316	4	4	4	NUM
cjfa-30366	316	5	stocks	stock	NOUN
cjfa-30366	316	6	are	be	AUX
cjfa-30366	316	7	nifty	nifty	ADJ
cjfa-30366	316	8	stocks	stock	NOUN
cjfa-30366	316	9	and	and	CCONJ
cjfa-30366	316	10	information	information	NOUN
cjfa-30366	316	11	content	content	NOUN
cjfa-30366	316	12	is	be	AUX
cjfa-30366	316	13	higher	high	ADJ
cjfa-30366	316	14	.	.	PUNCT
cjfa-30366	317	1	s	s	PART
cjfa-30366	317	2	o	o	X
cjfa-30366	317	3	u	u	NOUN
cjfa-30366	317	4	r	r	NOUN
cjfa-30366	317	5	c	c	NOUN
cjfa-30366	317	6	e	e	NOUN
cjfa-30366	317	7	:	:	PUNCT
cjfa-30366	317	8	author	author	PROPN
cjfa-30366	317	9	’s	’s	PART
cjfa-30366	317	10	compilation	compilation	PROPN
cjfa-30366	317	11	dinabandhu	dinabandhu	NOUN
cjfa-30366	317	12	bag124	bag124	PROPN
cjfa-30366	317	13	figure	figure	NOUN
cjfa-30366	317	14	2	2	NUM
cjfa-30366	317	15	(	(	PUNCT
cjfa-30366	317	16	b	b	NOUN
cjfa-30366	317	17	)	)	PUNCT
cjfa-30366	317	18	.	.	PUNCT
cjfa-30366	318	1	variation	variation	NOUN
cjfa-30366	318	2	of	of	ADP
cjfa-30366	318	3	maximum	maximum	ADJ
cjfa-30366	318	4	information	information	NOUN
cjfa-30366	318	5	stocks	stock	NOUN
cjfa-30366	318	6	(	(	PUNCT
cjfa-30366	318	7	spin	spin	NOUN
cjfa-30366	318	8	)	)	PUNCT
cjfa-30366	318	9	(	(	PUNCT
cjfa-30366	318	10	august	august	NOUN
cjfa-30366	318	11	to	to	ADP
cjfa-30366	318	12	september	september	PROPN
cjfa-30366	318	13	)	)	PUNCT
cjfa-30366	318	14	note	note	NOUN
cjfa-30366	318	15	:	:	PUNCT
cjfa-30366	318	16	the	the	DET
cjfa-30366	318	17	4	4	NUM
cjfa-30366	318	18	stocks	stock	NOUN
cjfa-30366	318	19	are	be	AUX
cjfa-30366	318	20	nifty	nifty	ADJ
cjfa-30366	318	21	stocks	stock	NOUN
cjfa-30366	318	22	and	and	CCONJ
cjfa-30366	318	23	information	information	NOUN
cjfa-30366	318	24	content	content	NOUN
cjfa-30366	318	25	is	be	AUX
cjfa-30366	318	26	higher	high	ADJ
cjfa-30366	318	27	.	.	PUNCT
cjfa-30366	319	1	source	source	NOUN
cjfa-30366	319	2	:	:	PUNCT
cjfa-30366	319	3	author	author	NOUN
cjfa-30366	319	4	’s	’s	PART
cjfa-30366	319	5	compilation	compilation	NOUN
cjfa-30366	319	6	0,00	0,00	X
cjfa-30366	319	7	0,40	0,40	X
cjfa-30366	319	8	0,80	0,80	NOUN
cjfa-30366	319	9	a	a	PRON
cjfa-30366	319	10	ug	ug	ADP
cjfa-30366	319	11	us	us	PROPN
cjfa-30366	319	12	t-1	t-1	PROPN
cjfa-30366	319	13	3	3	NUM
cjfa-30366	319	14	a	a	PRON
cjfa-30366	319	15	ug	ug	ADP
cjfa-30366	319	16	us	us	PROPN
cjfa-30366	319	17	t-1	t-1	PROPN
cjfa-30366	319	18	3	3	NUM
cjfa-30366	319	19	a	a	PRON
cjfa-30366	319	20	ug	ug	ADP
cjfa-30366	319	21	us	us	PROPN
cjfa-30366	319	22	t-1	t-1	PROPN
cjfa-30366	319	23	3	3	NUM
cjfa-30366	319	24	a	a	PRON
cjfa-30366	319	25	ug	ug	ADP
cjfa-30366	319	26	us	us	PROPN
cjfa-30366	319	27	t-1	t-1	PROPN
cjfa-30366	319	28	3	3	NUM
cjfa-30366	319	29	a	a	PRON
cjfa-30366	319	30	ug	ug	ADP
cjfa-30366	319	31	us	us	PROPN
cjfa-30366	319	32	t-1	t-1	PROPN
cjfa-30366	319	33	3	3	NUM
cjfa-30366	319	34	a	a	PRON
cjfa-30366	319	35	ug	ug	ADP
cjfa-30366	319	36	us	us	PROPN
cjfa-30366	319	37	t-1	t-1	PROPN
cjfa-30366	319	38	3	3	NUM
cjfa-30366	319	39	a	a	PRON
cjfa-30366	319	40	ug	ug	ADP
cjfa-30366	319	41	us	us	PROPN
cjfa-30366	319	42	t-1	t-1	PROPN
cjfa-30366	319	43	3	3	NUM
cjfa-30366	319	44	a	a	PRON
cjfa-30366	319	45	ug	ug	ADP
cjfa-30366	319	46	us	us	PROPN
cjfa-30366	319	47	t-1	t-1	PROPN
cjfa-30366	319	48	3	3	NUM
cjfa-30366	319	49	a	a	PRON
cjfa-30366	319	50	ug	ug	ADP
cjfa-30366	319	51	us	us	PROPN
cjfa-30366	319	52	t-1	t-1	PROPN
cjfa-30366	319	53	3	3	NUM
cjfa-30366	319	54	a	a	PRON
cjfa-30366	319	55	ug	ug	ADP
cjfa-30366	319	56	us	us	PROPN
cjfa-30366	319	57	t-1	t-1	PROPN
cjfa-30366	319	58	3	3	NUM
cjfa-30366	319	59	a	a	PRON
cjfa-30366	319	60	ug	ug	ADP
cjfa-30366	319	61	us	us	PROPN
cjfa-30366	319	62	t-1	t-1	PROPN
cjfa-30366	319	63	3	3	NUM
cjfa-30366	319	64	a	a	PRON
cjfa-30366	319	65	ug	ug	ADP
cjfa-30366	319	66	us	us	PROPN
cjfa-30366	319	67	t-1	t-1	PROPN
cjfa-30366	319	68	3	3	NUM
cjfa-30366	319	69	a	a	PRON
cjfa-30366	319	70	ug	ug	ADP
cjfa-30366	319	71	us	us	PROPN
cjfa-30366	319	72	t-1	t-1	PROPN
cjfa-30366	319	73	3	3	NUM
cjfa-30366	319	74	a	a	PRON
cjfa-30366	319	75	ug	ug	ADP
cjfa-30366	319	76	us	us	PROPN
cjfa-30366	319	77	t-1	t-1	PROPN
cjfa-30366	319	78	3	3	NUM
cjfa-30366	319	79	a	a	PRON
cjfa-30366	319	80	ug	ug	ADP
cjfa-30366	319	81	us	us	PROPN
cjfa-30366	319	82	t-1	t-1	PROPN
cjfa-30366	319	83	3	3	NUM
cjfa-30366	319	84	a	a	PRON
cjfa-30366	319	85	ug	ug	ADP
cjfa-30366	319	86	us	us	PROPN
cjfa-30366	319	87	t-1	t-1	PROPN
cjfa-30366	319	88	3	3	NUM
cjfa-30366	319	89	se	se	PROPN
cjfa-30366	319	90	pt	pt	X
cjfa-30366	320	1	em	em	PRON
cjfa-30366	320	2	be	be	AUX
cjfa-30366	320	3	r-1	r-1	ADJ
cjfa-30366	320	4	3	3	NUM
cjfa-30366	320	5	se	se	X
cjfa-30366	320	6	pt	pt	PROPN
cjfa-30366	320	7	em	em	PRON
cjfa-30366	320	8	be	be	AUX
cjfa-30366	320	9	r-1	r-1	ADJ
cjfa-30366	320	10	3	3	NUM
cjfa-30366	320	11	se	se	X
cjfa-30366	320	12	pt	pt	PROPN
cjfa-30366	320	13	em	em	PRON
cjfa-30366	320	14	be	be	AUX
cjfa-30366	320	15	r-1	r-1	ADJ
cjfa-30366	320	16	3	3	NUM
cjfa-30366	320	17	se	se	X
cjfa-30366	320	18	pt	pt	PROPN
cjfa-30366	320	19	em	em	PRON
cjfa-30366	320	20	be	be	AUX
cjfa-30366	320	21	r-1	r-1	ADJ
cjfa-30366	320	22	3	3	NUM
cjfa-30366	320	23	se	se	X
cjfa-30366	320	24	pt	pt	PROPN
cjfa-30366	320	25	em	em	PRON
cjfa-30366	320	26	be	be	AUX
cjfa-30366	320	27	r-1	r-1	ADJ
cjfa-30366	320	28	3	3	NUM
cjfa-30366	320	29	se	se	X
cjfa-30366	320	30	pt	pt	PROPN
cjfa-30366	320	31	em	em	PRON
cjfa-30366	320	32	be	be	AUX
cjfa-30366	320	33	r-1	r-1	ADJ
cjfa-30366	320	34	3	3	NUM
cjfa-30366	320	35	se	se	X
cjfa-30366	320	36	pt	pt	PROPN
cjfa-30366	320	37	em	em	PRON
cjfa-30366	320	38	be	be	AUX
cjfa-30366	320	39	r-1	r-1	ADJ
cjfa-30366	320	40	3	3	NUM
cjfa-30366	320	41	se	se	X
cjfa-30366	320	42	pt	pt	PROPN
cjfa-30366	320	43	em	em	PRON
cjfa-30366	320	44	be	be	AUX
cjfa-30366	320	45	r-1	r-1	ADJ
cjfa-30366	320	46	3	3	NUM
cjfa-30366	320	47	se	se	X
cjfa-30366	320	48	pt	pt	PROPN
cjfa-30366	320	49	em	em	PRON
cjfa-30366	320	50	be	be	AUX
cjfa-30366	320	51	r-1	r-1	ADJ
cjfa-30366	320	52	3	3	NUM
cjfa-30366	320	53	se	se	X
cjfa-30366	320	54	pt	pt	PROPN
cjfa-30366	320	55	em	em	PRON
cjfa-30366	320	56	be	be	AUX
cjfa-30366	320	57	r-1	r-1	ADJ
cjfa-30366	320	58	3	3	NUM
cjfa-30366	320	59	se	se	X
cjfa-30366	320	60	pt	pt	PROPN
cjfa-30366	320	61	em	em	PRON
cjfa-30366	320	62	be	be	AUX
cjfa-30366	320	63	r-1	r-1	ADJ
cjfa-30366	320	64	3	3	NUM
cjfa-30366	320	65	se	se	X
cjfa-30366	320	66	pt	pt	PROPN
cjfa-30366	320	67	em	em	PRON
cjfa-30366	320	68	be	be	AUX
cjfa-30366	320	69	r-1	r-1	ADJ
cjfa-30366	320	70	3	3	NUM
cjfa-30366	320	71	se	se	X
cjfa-30366	320	72	pt	pt	PROPN
cjfa-30366	320	73	em	em	PRON
cjfa-30366	320	74	be	be	AUX
cjfa-30366	320	75	r-1	r-1	ADJ
cjfa-30366	320	76	3	3	NUM
cjfa-30366	320	77	se	se	X
cjfa-30366	320	78	pt	pt	PROPN
cjfa-30366	320	79	em	em	PRON
cjfa-30366	320	80	be	be	AUX
cjfa-30366	320	81	r-1	r-1	ADJ
cjfa-30366	320	82	3	3	NUM
cjfa-30366	320	83	se	se	X
cjfa-30366	320	84	pt	pt	PROPN
cjfa-30366	321	1	em	em	PRON
cjfa-30366	321	2	be	be	AUX
cjfa-30366	321	3	r-1	r-1	PROPN
cjfa-30366	321	4	3	3	NUM
cjfa-30366	321	5	dpscltd	dpscltd	PROPN
cjfa-30366	321	6	rubymills	rubymill	NOUN
cjfa-30366	322	1	gardensil	gardensil	NOUN
cjfa-30366	322	2	vikasglob	vikasglob	NOUN
cjfa-30366	322	3	mean	mean	VERB
cjfa-30366	322	4	n	n	CCONJ
cjfa-30366	323	1	o	o	NOUN
cjfa-30366	323	2	t	t	NOUN
cjfa-30366	324	1	e	e	NOUN
cjfa-30366	324	2	:	:	PUNCT
cjfa-30366	324	3	the	the	DET
cjfa-30366	324	4	4	4	NUM
cjfa-30366	324	5	stocks	stock	NOUN
cjfa-30366	324	6	are	be	AUX
cjfa-30366	324	7	nifty	nifty	ADJ
cjfa-30366	324	8	stocks	stock	NOUN
cjfa-30366	324	9	and	and	CCONJ
cjfa-30366	324	10	information	information	NOUN
cjfa-30366	324	11	content	content	NOUN
cjfa-30366	324	12	is	be	AUX
cjfa-30366	324	13	higher	high	ADJ
cjfa-30366	324	14	.	.	PUNCT
cjfa-30366	325	1	s	s	PART
cjfa-30366	325	2	o	o	X
cjfa-30366	325	3	u	u	NOUN
cjfa-30366	325	4	r	r	NOUN
cjfa-30366	325	5	c	c	NOUN
cjfa-30366	325	6	e	e	NOUN
cjfa-30366	325	7	:	:	PUNCT
cjfa-30366	325	8	author	author	PROPN
cjfa-30366	325	9	’s	’s	PART
cjfa-30366	325	10	compilation	compilation	NOUN
cjfa-30366	325	11	the	the	DET
cjfa-30366	325	12	reasons	reason	NOUN
cjfa-30366	325	13	for	for	ADP
cjfa-30366	325	14	poor	poor	ADJ
cjfa-30366	325	15	information	information	NOUN
cjfa-30366	325	16	share	share	NOUN
cjfa-30366	325	17	are	be	AUX
cjfa-30366	325	18	due	due	ADJ
cjfa-30366	325	19	to	to	ADP
cjfa-30366	325	20	poor	poor	ADJ
cjfa-30366	325	21	liquidity	liquidity	NOUN
cjfa-30366	325	22	of	of	ADP
cjfa-30366	325	23	the	the	DET
cjfa-30366	325	24	stocks	stock	NOUN
cjfa-30366	325	25	in	in	ADP
cjfa-30366	325	26	the	the	DET
cjfa-30366	325	27	sample	sample	NOUN
cjfa-30366	325	28	.	.	PUNCT
cjfa-30366	326	1	table	table	NOUN
cjfa-30366	326	2	2	2	NUM
cjfa-30366	326	3	.	.	PUNCT
cjfa-30366	326	4	descriptive	descriptive	ADJ
cjfa-30366	326	5	statistics	statistic	NOUN
cjfa-30366	326	6	spin	spin	NOUN
cjfa-30366	327	1	(	(	PUNCT
cjfa-30366	327	2	simple	simple	ADJ
cjfa-30366	327	3	probability	probability	NOUN
cjfa-30366	327	4	information	information	NOUN
cjfa-30366	327	5	ratio	ratio	NOUN
cjfa-30366	327	6	)	)	PUNCT
cjfa-30366	327	7	period	period	NOUN
cjfa-30366	327	8	spin	spin	NOUN
cjfa-30366	327	9	2013	2013	NUM
cjfa-30366	327	10	number	number	NOUN
cjfa-30366	327	11	of	of	ADP
cjfa-30366	327	12	observations	observation	NOUN
cjfa-30366	327	13	nt	not	PART
cjfa-30366	327	14	(	(	PUNCT
cjfa-30366	327	15	6218	6218	NUM
cjfa-30366	327	16	)	)	PUNCT
cjfa-30366	327	17	n	n	CCONJ
cjfa-30366	327	18	(	(	PUNCT
cjfa-30366	327	19	stocks	stock	NOUN
cjfa-30366	327	20	)	)	PUNCT
cjfa-30366	327	21	75	75	NUM
cjfa-30366	327	22	maximum	maximum	ADJ
cjfa-30366	327	23	minimum	minimum	ADJ
cjfa-30366	327	24	mean	mean	NOUN
cjfa-30366	327	25	std	std	NOUN
cjfa-30366	327	26	1	1	NUM
cjfa-30366	327	27	0	0	NUM
cjfa-30366	327	28	0.45	0.45	NUM
cjfa-30366	327	29	0.29	0.29	NUM
cjfa-30366	327	30	t	t	NOUN
cjfa-30366	327	31	(	(	PUNCT
cjfa-30366	327	32	trade	trade	NOUN
cjfa-30366	327	33	days	day	NOUN
cjfa-30366	327	34	)	)	PUNCT
cjfa-30366	327	35	82	82	NUM
cjfa-30366	327	36	extreme	extreme	ADJ
cjfa-30366	327	37	event	event	NOUN
cjfa-30366	327	38	daysmaximum	daysmaximum	NOUN
cjfa-30366	327	39	spin	spin	NOUN
cjfa-30366	327	40	date	date	NOUN
cjfa-30366	327	41	symbol	symbol	NOUN
cjfa-30366	327	42	spin	spin	NOUN
cjfa-30366	327	43	mean	mean	VERB
cjfa-30366	327	44	std	std	NOUN
cjfa-30366	327	45	10	10	NUM
cjfa-30366	327	46	-	-	PUNCT
cjfa-30366	327	47	may-13	may-13	NUM
cjfa-30366	327	48	arshiya	arshiya	NOUN
cjfa-30366	327	49	1	1	NUM
cjfa-30366	327	50	0.39	0.39	NUM
cjfa-30366	327	51	0.30	0.30	NUM
cjfa-30366	327	52	13	13	NUM
cjfa-30366	327	53	-	-	PUNCT
cjfa-30366	327	54	aug-13	aug-13	NUM
cjfa-30366	327	55	sanghvifo	sanghvifo	NOUN
cjfa-30366	327	56	1	1	NUM
cjfa-30366	327	57	0.53	0.53	NUM
cjfa-30366	327	58	0.30	0.30	NUM
cjfa-30366	327	59	21	21	NUM
cjfa-30366	327	60	-	-	PUNCT
cjfa-30366	327	61	aug-13	aug-13	ADJ
cjfa-30366	327	62	chemfalka	chemfalka	VERB
cjfa-30366	327	63	1	1	NUM
cjfa-30366	327	64	0.57	0.57	NUM
cjfa-30366	327	65	0.29	0.29	NUM
cjfa-30366	327	66	21	21	NUM
cjfa-30366	327	67	-	-	PUNCT
cjfa-30366	327	68	aug-13	aug-13	NUM
cjfa-30366	327	69	gardensil	gardensil	NOUN
cjfa-30366	327	70	1	1	NUM
cjfa-30366	327	71	0.57	0.57	NUM
cjfa-30366	327	72	0.29	0.29	NUM
cjfa-30366	327	73	24	24	NUM
cjfa-30366	327	74	-	-	PUNCT
cjfa-30366	327	75	sep-13	sep-13	NOUN
cjfa-30366	327	76	dpscltd	dpscltd	NOUN
cjfa-30366	327	77	1	1	NUM
cjfa-30366	327	78	0.41	0.41	NUM
cjfa-30366	327	79	0.28	0.28	NUM
cjfa-30366	327	80	information	information	NOUN
cjfa-30366	327	81	content	content	NOUN
cjfa-30366	327	82	of	of	ADP
cjfa-30366	327	83	stocks	stock	NOUN
cjfa-30366	327	84	in	in	ADP
cjfa-30366	327	85	call	call	NOUN
cjfa-30366	327	86	auction	auction	NOUN
cjfa-30366	327	87	…	…	PUNCT
cjfa-30366	327	88	125	125	NUM
cjfa-30366	327	89	period	period	NOUN
cjfa-30366	327	90	spin	spin	NOUN
cjfa-30366	327	91	2013	2013	NUM
cjfa-30366	327	92	number	number	NOUN
cjfa-30366	327	93	of	of	ADP
cjfa-30366	327	94	observations	observation	NOUN
cjfa-30366	327	95	nt	not	PART
cjfa-30366	327	96	(	(	PUNCT
cjfa-30366	327	97	6218	6218	NUM
cjfa-30366	327	98	)	)	PUNCT
cjfa-30366	327	99	n	n	CCONJ
cjfa-30366	327	100	(	(	PUNCT
cjfa-30366	327	101	stocks	stock	NOUN
cjfa-30366	327	102	)	)	PUNCT
cjfa-30366	327	103	75	75	NUM
cjfa-30366	327	104	maximum	maximum	ADJ
cjfa-30366	327	105	minimum	minimum	ADJ
cjfa-30366	327	106	mean	mean	NOUN
cjfa-30366	327	107	std	std	NOUN
cjfa-30366	327	108	1	1	NUM
cjfa-30366	327	109	0	0	NUM
cjfa-30366	327	110	0.45	0.45	NUM
cjfa-30366	327	111	0.29	0.29	NUM
cjfa-30366	327	112	t	t	NOUN
cjfa-30366	327	113	(	(	PUNCT
cjfa-30366	327	114	trade	trade	NOUN
cjfa-30366	327	115	days	day	NOUN
cjfa-30366	327	116	)	)	PUNCT
cjfa-30366	327	117	82	82	NUM
cjfa-30366	327	118	25	25	NUM
cjfa-30366	327	119	-	-	PUNCT
cjfa-30366	327	120	sep-13	sep-13	NUM
cjfa-30366	327	121	dpscltd	dpscltd	NOUN
cjfa-30366	327	122	1	1	NUM
cjfa-30366	327	123	0.42	0.42	NUM
cjfa-30366	327	124	0.26	0.26	NUM
cjfa-30366	327	125	26	26	NUM
cjfa-30366	327	126	-	-	PUNCT
cjfa-30366	327	127	sep-13	sep-13	NUM
cjfa-30366	327	128	dpscltd	dpscltd	NOUN
cjfa-30366	327	129	1	1	NUM
cjfa-30366	327	130	0.45	0.45	NUM
cjfa-30366	327	131	0.29	0.29	NUM
cjfa-30366	327	132	27	27	NUM
cjfa-30366	327	133	-	-	PUNCT
cjfa-30366	327	134	sep-13	sep-13	NUM
cjfa-30366	327	135	dpscltd	dpscltd	NOUN
cjfa-30366	327	136	1	1	NUM
cjfa-30366	327	137	0.39	0.39	NUM
cjfa-30366	327	138	0.28	0.28	NUM
cjfa-30366	327	139	extreme	extreme	ADJ
cjfa-30366	327	140	event	event	NOUN
cjfa-30366	327	141	daysminimum	daysminimum	NOUN
cjfa-30366	327	142	spin	spin	VERB
cjfa-30366	327	143	date	date	NOUN
cjfa-30366	327	144	symbol	symbol	NOUN
cjfa-30366	327	145	spin	spin	NOUN
cjfa-30366	327	146	mean	mean	VERB
cjfa-30366	327	147	std	std	NOUN
cjfa-30366	327	148	2	2	NUM
cjfa-30366	327	149	-	-	NUM
cjfa-30366	327	150	apr-13	apr-13	NUM
cjfa-30366	327	151	dpscltd	dpscltd	NOUN
cjfa-30366	327	152	0	0	NUM
cjfa-30366	327	153	0.39	0.39	NUM
cjfa-30366	327	154	0.29	0.29	NUM
cjfa-30366	327	155	2	2	NUM
cjfa-30366	327	156	-	-	PUNCT
cjfa-30366	327	157	apr-13	apr-13	ADJ
cjfa-30366	327	158	suprajit	suprajit	NOUN
cjfa-30366	327	159	0	0	NUM
cjfa-30366	327	160	0.39	0.39	NUM
cjfa-30366	327	161	0.30	0.30	NUM
cjfa-30366	327	162	5	5	NUM
cjfa-30366	327	163	-	-	PUNCT
cjfa-30366	327	164	apr-13	apr-13	NUM
cjfa-30366	327	165	haritasea	haritasea	NOUN
cjfa-30366	327	166	0	0	NUM
cjfa-30366	327	167	0.42	0.42	NUM
cjfa-30366	327	168	0.28	0.28	NUM
cjfa-30366	327	169	25	25	NUM
cjfa-30366	327	170	-	-	PUNCT
cjfa-30366	327	171	apr-13	apr-13	NUM
cjfa-30366	327	172	moil	moil	NOUN
cjfa-30366	327	173	0	0	NUM
cjfa-30366	327	174	0.47	0.47	NUM
cjfa-30366	327	175	0.30	0.30	NUM
cjfa-30366	327	176	3	3	NUM
cjfa-30366	327	177	-	-	PUNCT
cjfa-30366	327	178	may-13	may-13	NUM
cjfa-30366	327	179	zodiaclot	zodiaclot	NOUN
cjfa-30366	327	180	0	0	NUM
cjfa-30366	327	181	0.44	0.44	NUM
cjfa-30366	327	182	0.28	0.28	NUM
cjfa-30366	327	183	14	14	NUM
cjfa-30366	327	184	-	-	PUNCT
cjfa-30366	327	185	may-13	may-13	NUM
cjfa-30366	327	186	tornt	tornt	ADJ
cjfa-30366	327	187	pharma	pharma	PROPN
cjfa-30366	327	188	0	0	NUM
cjfa-30366	328	1	0.37	0.37	NUM
cjfa-30366	328	2	0.30	0.30	NUM
cjfa-30366	328	3	12	12	NUM
cjfa-30366	328	4	-	-	PUNCT
cjfa-30366	328	5	aug-13	aug-13	NUM
cjfa-30366	328	6	rubymills	rubymill	NOUN
cjfa-30366	328	7	0	0	NUM
cjfa-30366	328	8	0.55	0.55	NUM
cjfa-30366	328	9	0.29	0.29	NUM
cjfa-30366	328	10	2	2	NUM
cjfa-30366	328	11	-	-	PUNCT
cjfa-30366	328	12	sep-13	sep-13	NUM
cjfa-30366	328	13	smli	smli	ADJ
cjfa-30366	328	14	suzuki	suzuki	NOUN
cjfa-30366	328	15	0	0	NUM
cjfa-30366	328	16	0.40	0.40	NUM
cjfa-30366	328	17	0.29	0.29	NUM
cjfa-30366	328	18	3	3	NUM
cjfa-30366	328	19	-	-	PUNCT
cjfa-30366	328	20	sep-13	sep-13	NOUN
cjfa-30366	328	21	vikas	vikas	NOUN
cjfa-30366	328	22	global	global	ADJ
cjfa-30366	328	23	0	0	NUM
cjfa-30366	328	24	0.48	0.48	NUM
cjfa-30366	328	25	0.27	0.27	NUM
cjfa-30366	328	26	5	5	NUM
cjfa-30366	328	27	-	-	PUNCT
cjfa-30366	328	28	sep-13	sep-13	ADP
cjfa-30366	328	29	vikasglobal	vikasglobal	ADJ
cjfa-30366	328	30	0	0	NUM
cjfa-30366	328	31	0.47	0.47	NUM
cjfa-30366	328	32	0.30	0.30	NUM
cjfa-30366	328	33	6	6	NUM
cjfa-30366	328	34	-	-	PUNCT
cjfa-30366	328	35	sep-13	sep-13	ADP
cjfa-30366	328	36	vikasglobal	vikasglobal	ADJ
cjfa-30366	328	37	0	0	NUM
cjfa-30366	328	38	0.41	0.41	NUM
cjfa-30366	328	39	0.27	0.27	NUM
cjfa-30366	328	40	10	10	NUM
cjfa-30366	328	41	-	-	PUNCT
cjfa-30366	328	42	sep-13	sep-13	NOUN
cjfa-30366	328	43	vikas	vikas	NOUN
cjfa-30366	328	44	global	global	ADJ
cjfa-30366	328	45	0	0	NUM
cjfa-30366	328	46	0.43	0.43	NUM
cjfa-30366	328	47	0.29	0.29	NUM
cjfa-30366	328	48	12	12	NUM
cjfa-30366	328	49	-	-	PUNCT
cjfa-30366	328	50	sep-13	sep-13	NOUN
cjfa-30366	328	51	vikas	vikas	NOUN
cjfa-30366	328	52	global	global	ADJ
cjfa-30366	328	53	0	0	NUM
cjfa-30366	328	54	0.41	0.41	NUM
cjfa-30366	328	55	0.27	0.27	NUM
cjfa-30366	328	56	18	18	NUM
cjfa-30366	328	57	-	-	PUNCT
cjfa-30366	328	58	sep-13	sep-13	NOUN
cjfa-30366	328	59	vikas	vikas	NOUN
cjfa-30366	328	60	global	global	ADJ
cjfa-30366	328	61	0	0	NUM
cjfa-30366	328	62	0.38	0.38	NUM
cjfa-30366	328	63	0.27	0.27	NUM
cjfa-30366	328	64	27	27	NUM
cjfa-30366	328	65	-	-	PUNCT
cjfa-30366	328	66	sep-13	sep-13	NOUN
cjfa-30366	328	67	vikas	vikas	NOUN
cjfa-30366	328	68	global	global	ADJ
cjfa-30366	328	69	0	0	NUM
cjfa-30366	328	70	0.39	0.39	NUM
cjfa-30366	328	71	0.28	0.28	NUM
cjfa-30366	328	72	30	30	NUM
cjfa-30366	328	73	-	-	PUNCT
cjfa-30366	328	74	sep-13	sep-13	NOUN
cjfa-30366	328	75	vikas	vikas	NOUN
cjfa-30366	328	76	global	global	ADJ
cjfa-30366	328	77	0	0	NUM
cjfa-30366	328	78	0.40	0.40	NUM
cjfa-30366	328	79	0.28	0.28	NUM
cjfa-30366	328	80	n	n	NUM
cjfa-30366	328	81	o	o	NOUN
cjfa-30366	328	82	t	t	NOUN
cjfa-30366	329	1	e	e	NOUN
cjfa-30366	329	2	:	:	PUNCT
cjfa-30366	329	3	sample	sample	NOUN
cjfa-30366	329	4	mean	mean	NOUN
cjfa-30366	329	5	of	of	ADP
cjfa-30366	329	6	0.45	0.45	NUM
cjfa-30366	329	7	is	be	AUX
cjfa-30366	329	8	closer	close	ADJ
cjfa-30366	329	9	to	to	ADP
cjfa-30366	329	10	0	0	NUM
cjfa-30366	329	11	and	and	CCONJ
cjfa-30366	329	12	is	be	AUX
cjfa-30366	329	13	better	well	ADJ
cjfa-30366	329	14	than	than	ADP
cjfa-30366	329	15	1.0	1.0	NUM
cjfa-30366	329	16	.	.	PUNCT
cjfa-30366	330	1	no	no	INTJ
cjfa-30366	330	2	.	.	PUNCT
cjfa-30366	331	1	of	of	ADP
cjfa-30366	331	2	stocks	stock	NOUN
cjfa-30366	331	3	which	which	PRON
cjfa-30366	331	4	achieved	achieve	VERB
cjfa-30366	331	5	full	full	ADJ
cjfa-30366	331	6	information	information	NOUN
cjfa-30366	331	7	share	share	NOUN
cjfa-30366	331	8	in	in	ADP
cjfa-30366	331	9	the	the	DET
cjfa-30366	331	10	sample	sample	NOUN
cjfa-30366	331	11	period	period	NOUN
cjfa-30366	331	12	were	be	AUX
cjfa-30366	331	13	only	only	ADV
cjfa-30366	331	14	11	11	NUM
cjfa-30366	331	15	.	.	PUNCT
cjfa-30366	332	1	the	the	DET
cjfa-30366	332	2	reasons	reason	NOUN
cjfa-30366	332	3	for	for	ADP
cjfa-30366	332	4	poor	poor	ADJ
cjfa-30366	332	5	information	information	NOUN
cjfa-30366	332	6	share	share	NOUN
cjfa-30366	332	7	are	be	AUX
cjfa-30366	332	8	due	due	ADJ
cjfa-30366	332	9	to	to	ADP
cjfa-30366	332	10	poor	poor	ADJ
cjfa-30366	332	11	liquidity	liquidity	NOUN
cjfa-30366	332	12	for	for	ADP
cjfa-30366	332	13	those	those	DET
cjfa-30366	332	14	stocks	stock	NOUN
cjfa-30366	332	15	.	.	PUNCT
cjfa-30366	333	1	s	s	PART
cjfa-30366	333	2	o	o	X
cjfa-30366	333	3	u	u	NOUN
cjfa-30366	333	4	r	r	NOUN
cjfa-30366	333	5	c	c	NOUN
cjfa-30366	333	6	e	e	NOUN
cjfa-30366	333	7	:	:	PUNCT
cjfa-30366	333	8	author	author	NOUN
cjfa-30366	333	9	’s	’s	PART
cjfa-30366	333	10	calculation	calculation	NOUN
cjfa-30366	333	11	.	.	PUNCT
cjfa-30366	334	1	table	table	NOUN
cjfa-30366	334	2	2	2	NUM
cjfa-30366	334	3	.	.	PUNCT
cjfa-30366	334	4	descriptive	descriptive	ADJ
cjfa-30366	334	5	…	…	SYM
cjfa-30366	334	6	dinabandhu	dinabandhu	NOUN
cjfa-30366	334	7	bag126	bag126	NOUN
cjfa-30366	334	8	table	table	VERB
cjfa-30366	334	9	3	3	NUM
cjfa-30366	334	10	.	.	PUNCT
cjfa-30366	335	1	volatility	volatility	NOUN
cjfa-30366	335	2	changes	change	NOUN
cjfa-30366	335	3	of	of	ADP
cjfa-30366	335	4	normal	normal	ADJ
cjfa-30366	335	5	trades	trade	NOUN
cjfa-30366	335	6	minute	minute	VERB
cjfa-30366	335	7	no	no	INTJ
cjfa-30366	335	8	.	.	PUNCT
cjfa-30366	336	1	observations	observation	NOUN
cjfa-30366	336	2	average	average	ADJ
cjfa-30366	336	3	spread	spread	ADJ
cjfa-30366	336	4	average	average	ADJ
cjfa-30366	336	5	realized	realize	VERB
cjfa-30366	336	6	variance	variance	NOUN
cjfa-30366	336	7	1	1	NUM
cjfa-30366	336	8	2625	2625	NUM
cjfa-30366	336	9	0.168	0.168	NUM
cjfa-30366	336	10	0.0005	0.0005	NUM
cjfa-30366	336	11	2	2	NUM
cjfa-30366	336	12	2625	2625	NUM
cjfa-30366	336	13	0.248	0.248	NUM
cjfa-30366	336	14	0.0006	0.0006	NUM
cjfa-30366	336	15	3	3	NUM
cjfa-30366	336	16	2625	2625	NUM
cjfa-30366	336	17	0.308	0.308	NUM
cjfa-30366	336	18	0.0006	0.0006	NUM
cjfa-30366	336	19	4	4	NUM
cjfa-30366	336	20	2625	2625	NUM
cjfa-30366	336	21	0.359	0.359	NUM
cjfa-30366	336	22	0.0007	0.0007	NUM
cjfa-30366	336	23	5	5	NUM
cjfa-30366	336	24	2625	2625	NUM
cjfa-30366	336	25	0.403	0.403	NUM
cjfa-30366	336	26	0.0007	0.0007	NUM
cjfa-30366	336	27	6	6	NUM
cjfa-30366	336	28	2625	2625	NUM
cjfa-30366	336	29	0.447	0.447	NUM
cjfa-30366	336	30	0.0008	0.0008	NUM
cjfa-30366	336	31	7	7	NUM
cjfa-30366	336	32	2625	2625	NUM
cjfa-30366	336	33	0.489	0.489	NUM
cjfa-30366	336	34	0.0008	0.0008	NUM
cjfa-30366	336	35	8	8	NUM
cjfa-30366	336	36	2625	2625	NUM
cjfa-30366	336	37	0.525	0.525	NUM
cjfa-30366	336	38	0.0008	0.0008	NUM
cjfa-30366	336	39	9	9	NUM
cjfa-30366	336	40	2625	2625	NUM
cjfa-30366	336	41	0.56	0.56	NUM
cjfa-30366	336	42	0.0009	0.0009	NUM
cjfa-30366	336	43	10	10	NUM
cjfa-30366	336	44	2625	2625	NUM
cjfa-30366	336	45	0.594	0.594	NUM
cjfa-30366	336	46	0.0009	0.0009	NUM
cjfa-30366	336	47	11	11	NUM
cjfa-30366	336	48	2625	2625	NUM
cjfa-30366	336	49	0.626	0.626	NUM
cjfa-30366	336	50	0.0009	0.0009	NUM
cjfa-30366	336	51	12	12	NUM
cjfa-30366	336	52	2625	2625	NUM
cjfa-30366	336	53	0.659	0.659	NUM
cjfa-30366	336	54	0.0010	0.0010	NUM
cjfa-30366	336	55	13	13	NUM
cjfa-30366	336	56	2625	2625	NUM
cjfa-30366	336	57	0.69	0.69	NUM
cjfa-30366	336	58	0.0010	0.0010	NUM
cjfa-30366	336	59	14	14	NUM
cjfa-30366	336	60	2625	2625	NUM
cjfa-30366	336	61	0.721	0.721	NUM
cjfa-30366	336	62	0.0010	0.0010	NUM
cjfa-30366	336	63	15	15	NUM
cjfa-30366	336	64	2625	2625	NUM
cjfa-30366	336	65	0.751	0.751	NUM
cjfa-30366	336	66	0.00104	0.00104	NUM
cjfa-30366	336	67	n	n	NUM
cjfa-30366	336	68	o	o	NOUN
cjfa-30366	336	69	t	t	NOUN
cjfa-30366	336	70	e	e	NOUN
cjfa-30366	336	71	:	:	PUNCT
cjfa-30366	336	72	we	we	PRON
cjfa-30366	336	73	find	find	VERB
cjfa-30366	336	74	rise	rise	NOUN
cjfa-30366	336	75	in	in	ADP
cjfa-30366	336	76	both	both	PRON
cjfa-30366	336	77	spread	spread	VERB
cjfa-30366	336	78	and	and	CCONJ
cjfa-30366	336	79	realized	realize	VERB
cjfa-30366	336	80	volatility	volatility	NOUN
cjfa-30366	336	81	,	,	PUNCT
cjfa-30366	336	82	where	where	SCONJ
cjfa-30366	336	83	3	3	NUM
cjfa-30366	336	84	2625	2625	NUM
cjfa-30366	336	85	0.308	0.308	NUM
cjfa-30366	336	86	0.0006	0.0006	NUM
cjfa-30366	336	87	4	4	NUM
cjfa-30366	336	88	2625	2625	NUM
cjfa-30366	336	89	0.359	0.359	NUM
cjfa-30366	336	90	0.0007	0.0007	NUM
cjfa-30366	336	91	5	5	NUM
cjfa-30366	336	92	2625	2625	NUM
cjfa-30366	336	93	0.403	0.403	NUM
cjfa-30366	336	94	0.0007	0.0007	NUM
cjfa-30366	336	95	6	6	NUM
cjfa-30366	336	96	2625	2625	NUM
cjfa-30366	336	97	0.447	0.447	NUM
cjfa-30366	336	98	0.0008	0.0008	NUM
cjfa-30366	336	99	7	7	NUM
cjfa-30366	336	100	2625	2625	NUM
cjfa-30366	336	101	0.489	0.489	NUM
cjfa-30366	336	102	0.0008	0.0008	NUM
cjfa-30366	336	103	8	8	NUM
cjfa-30366	336	104	2625	2625	NUM
cjfa-30366	336	105	0.525	0.525	NUM
cjfa-30366	336	106	0.0008	0.0008	NUM
cjfa-30366	336	107	9	9	NUM
cjfa-30366	336	108	2625	2625	NUM
cjfa-30366	336	109	0.56	0.56	NUM
cjfa-30366	336	110	0.0009	0.0009	NUM
cjfa-30366	336	111	10	10	NUM
cjfa-30366	336	112	2625	2625	NUM
cjfa-30366	336	113	0.594	0.594	NUM
cjfa-30366	336	114	0.0009	0.0009	NUM
cjfa-30366	336	115	11	11	NUM
cjfa-30366	336	116	2625	2625	NUM
cjfa-30366	336	117	0.626	0.626	NUM
cjfa-30366	336	118	0.0009	0.0009	NUM
cjfa-30366	336	119	12	12	NUM
cjfa-30366	336	120	2625	2625	NUM
cjfa-30366	336	121	0.659	0.659	NUM
cjfa-30366	336	122	0.0010	0.0010	NUM
cjfa-30366	336	123	13	13	NUM
cjfa-30366	336	124	2625	2625	NUM
cjfa-30366	336	125	0.69	0.69	NUM
cjfa-30366	336	126	0.0010	0.0010	NUM
cjfa-30366	336	127	14	14	NUM
cjfa-30366	336	128	2625	2625	NUM
cjfa-30366	336	129	0.721	0.721	NUM
cjfa-30366	336	130	0.0010	0.0010	NUM
cjfa-30366	336	131	15	15	NUM
cjfa-30366	336	132	2625	2625	NUM
cjfa-30366	336	133	0.751	0.751	NUM
cjfa-30366	336	134	0.00104	0.00104	NUM
cjfa-30366	337	1	note	note	NOUN
cjfa-30366	337	2	:	:	PUNCT
cjfa-30366	337	3	we	we	PRON
cjfa-30366	337	4	find	find	VERB
cjfa-30366	337	5	rise	rise	NOUN
cjfa-30366	337	6	in	in	ADP
cjfa-30366	337	7	both	both	PRON
cjfa-30366	337	8	spread	spread	VERB
cjfa-30366	337	9	and	and	CCONJ
cjfa-30366	337	10	realized	realize	VERB
cjfa-30366	337	11	volatility	volatility	NOUN
cjfa-30366	337	12	,	,	PUNCT
cjfa-30366	337	13	where	where	SCONJ
cjfa-30366	337	14	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆	PROPN
cjfa-30366	337	15	𝑆	𝑆	PROPN
cjfa-30366	337	16	𝑅	𝑅	PROPN
cjfa-30366	337	17	�	�	PROPN
cjfa-30366	337	18	�	�	PROPN
cjfa-30366	337	19	�	�	PROPN
cjfa-30366	337	20	�	�	PROPN
cjfa-30366	337	21	�	�	PROPN
cjfa-30366	337	22	_	_	PROPN
cjfa-30366	337	23	�	�	PROPN
cjfa-30366	337	24	�	�	PROPN
cjfa-30366	337	25	�	�	PROPN
cjfa-30366	337	26	�	�	PROPN
cjfa-30366	337	27	�	�	PROPN
cjfa-30366	337	28	�	�	PROPN
cjfa-30366	337	29	�	�	PROPN
cjfa-30366	337	30	�	�	PROPN
cjfa-30366	337	31	�	�	PROPN
cjfa-30366	337	32	𝑅	𝑅	PROPN
cjfa-30366	337	33	�	�	PROPN
cjfa-30366	337	34	�	�	PROPN
cjfa-30366	337	35	�	�	PROPN
cjfa-30366	337	36	�	�	PROPN
cjfa-30366	337	37	�	�	PROPN
cjfa-30366	337	38	𝑅	𝑅	PROPN
cjfa-30366	337	39	�	�	PROPN
cjfa-30366	337	40	�	�	PROPN
cjfa-30366	337	41	�	�	PROPN
cjfa-30366	337	42	�	�	PROPN
cjfa-30366	337	43	�	�	PROPN
cjfa-30366	337	44	�	�	PROPN
cjfa-30366	337	45	�	�	PROPN
cjfa-30366	337	46	�	�	PROPN
cjfa-30366	337	47	�	�	PROPN
cjfa-30366	337	48	𝑅	𝑅	PROPN
cjfa-30366	337	49	�	�	PROPN
cjfa-30366	337	50	�	�	PROPN
cjfa-30366	337	51	�	�	PROPN
cjfa-30366	337	52	�	�	PROPN
cjfa-30366	337	53	�	�	PROPN
cjfa-30366	337	54	𝑅	𝑅	PROPN
cjfa-30366	337	55	�	�	PROPN
cjfa-30366	337	56	and	and	CCONJ
cjfa-30366	337	57	,	,	PUNCT
cjfa-30366	337	58	𝑅𝑅𝑆𝑆𝑆𝑆𝑅𝑅𝑅𝑅𝑅𝑅𝑆𝑆𝑆𝑆	𝑅𝑅𝑆𝑆𝑆𝑆𝑅𝑅𝑅𝑅𝑅𝑅𝑆𝑆𝑆𝑆	PROPN
cjfa-30366	337	59	𝑅𝑅𝑆𝑆𝑆𝑆𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑆𝑆	𝑅𝑅𝑆𝑆𝑆𝑆𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑆𝑆	PROPN
cjfa-30366	337	60	𝑆	𝑆	PROPN
cjfa-30366	337	61	𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑆𝑆𝑅	𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑆𝑆𝑅	PROPN
cjfa-30366	337	62	𝑅	𝑅	PROPN
cjfa-30366	337	63	𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑆𝑆𝑅𝑅	𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑆𝑆𝑅𝑅	PROPN
cjfa-30366	337	64	]	]	SYM
cjfa-30366	337	65	�	�	PROPN
cjfa-30366	337	66	.	.	PUNCT
cjfa-30366	338	1	both	both	PRON
cjfa-30366	338	2	spread	spread	VERB
cjfa-30366	338	3	and	and	CCONJ
cjfa-30366	338	4	realized	realize	VERB
cjfa-30366	338	5	volatility	volatility	NOUN
cjfa-30366	338	6	increases	increase	NOUN
cjfa-30366	338	7	from	from	ADP
cjfa-30366	338	8	1	1	NUM
cjfa-30366	338	9	minute	minute	NOUN
cjfa-30366	338	10	to	to	ADP
cjfa-30366	338	11	the	the	DET
cjfa-30366	338	12	15th	15th	ADJ
cjfa-30366	338	13	minute	minute	NOUN
cjfa-30366	338	14	during	during	ADP
cjfa-30366	338	15	the	the	DET
cjfa-30366	338	16	first	first	ADJ
cjfa-30366	338	17	hour	hour	NOUN
cjfa-30366	338	18	of	of	ADP
cjfa-30366	338	19	trading	trading	NOUN
cjfa-30366	338	20	.	.	PUNCT
cjfa-30366	339	1	source	source	NOUN
cjfa-30366	339	2	:	:	PUNCT
cjfa-30366	339	3	author	author	NOUN
cjfa-30366	339	4	’s	’s	PART
cjfa-30366	339	5	calculation	calculation	NOUN
cjfa-30366	339	6	.	.	PUNCT
cjfa-30366	340	1	for	for	ADP
cjfa-30366	340	2	the	the	DET
cjfa-30366	340	3	corresponding	corresponding	ADJ
cjfa-30366	340	4	period	period	NOUN
cjfa-30366	340	5	in	in	ADP
cjfa-30366	340	6	our	our	PRON
cjfa-30366	340	7	sample	sample	NOUN
cjfa-30366	340	8	,	,	PUNCT
cjfa-30366	340	9	table	table	NOUN
cjfa-30366	340	10	3	3	NUM
cjfa-30366	340	11	provides	provide	VERB
cjfa-30366	340	12	the	the	DET
cjfa-30366	340	13	volatility	volatility	NOUN
cjfa-30366	340	14	changes	change	NOUN
cjfa-30366	340	15	which	which	PRON
cjfa-30366	340	16	shows	show	VERB
cjfa-30366	340	17	that	that	SCONJ
cjfa-30366	340	18	the	the	DET
cjfa-30366	340	19	variance	variance	NOUN
cjfa-30366	340	20	of	of	ADP
cjfa-30366	340	21	normal	normal	ADJ
cjfa-30366	340	22	trades	trade	NOUN
cjfa-30366	340	23	has	have	AUX
cjfa-30366	340	24	increased	increase	VERB
cjfa-30366	340	25	in	in	ADP
cjfa-30366	340	26	the	the	DET
cjfa-30366	340	27	first	first	ADJ
cjfa-30366	340	28	15	15	NUM
cjfa-30366	340	29	minutes	minute	NOUN
cjfa-30366	340	30	of	of	ADP
cjfa-30366	340	31	trading	trading	NOUN
cjfa-30366	340	32	.	.	PUNCT
cjfa-30366	341	1	model	model	NOUN
cjfa-30366	341	2	:	:	PUNCT
cjfa-30366	341	3	impact	impact	NOUN
cjfa-30366	341	4	of	of	ADP
cjfa-30366	341	5	imbalance	imbalance	NOUN
cjfa-30366	341	6	table	table	NOUN
cjfa-30366	341	7	4	4	NUM
cjfa-30366	341	8	shows	show	VERB
cjfa-30366	341	9	the	the	DET
cjfa-30366	341	10	realised	realise	VERB
cjfa-30366	341	11	variance	variance	NOUN
cjfa-30366	341	12	(	(	PUNCT
cjfa-30366	341	13	rv	rv	NOUN
cjfa-30366	341	14	)	)	PUNCT
cjfa-30366	341	15	model	model	NOUN
cjfa-30366	341	16	estimates	estimate	NOUN
cjfa-30366	341	17	.	.	PUNCT
cjfa-30366	342	1	the	the	DET
cjfa-30366	342	2	results	result	NOUN
cjfa-30366	342	3	reflect	reflect	VERB
cjfa-30366	342	4	that	that	SCONJ
cjfa-30366	342	5	the	the	DET
cjfa-30366	342	6	influence	influence	NOUN
cjfa-30366	342	7	of	of	ADP
cjfa-30366	342	8	pre	pre	ADJ
cjfa-30366	342	9	-	-	ADJ
cjfa-30366	342	10	market	market	ADJ
cjfa-30366	342	11	indicators	indicator	NOUN
cjfa-30366	342	12	on	on	ADP
cjfa-30366	342	13	the	the	DET
cjfa-30366	342	14	end	end	NOUN
cjfa-30366	342	15	of	of	ADP
cjfa-30366	342	16	the	the	DET
cjfa-30366	342	17	day	day	NOUN
cjfa-30366	342	18	variance	variance	NOUN
cjfa-30366	342	19	is	be	AUX
cjfa-30366	342	20	significant	significant	ADJ
cjfa-30366	342	21	.	.	PUNCT
cjfa-30366	343	1	we	we	PRON
cjfa-30366	343	2	also	also	ADV
cjfa-30366	343	3	find	find	VERB
cjfa-30366	343	4	that	that	SCONJ
cjfa-30366	343	5	order	order	NOUN
cjfa-30366	343	6	imbalance	imbalance	NOUN
cjfa-30366	343	7	,	,	PUNCT
cjfa-30366	343	8	pre	pre	ADJ
cjfa-30366	343	9	-	-	ADJ
cjfa-30366	343	10	market	market	ADJ
cjfa-30366	343	11	trading	trading	NOUN
cjfa-30366	343	12	volume	volume	NOUN
cjfa-30366	343	13	seem	seem	VERB
cjfa-30366	343	14	to	to	PART
cjfa-30366	343	15	impact	impact	VERB
cjfa-30366	343	16	the	the	DET
cjfa-30366	343	17	end	end	NOUN
cjfa-30366	343	18	of	of	ADP
cjfa-30366	343	19	the	the	DET
cjfa-30366	343	20	day	day	NOUN
cjfa-30366	343	21	rvol	rvol	NOUN
cjfa-30366	343	22	significantly	significantly	ADV
cjfa-30366	343	23	.	.	PUNCT
cjfa-30366	344	1	table	table	NOUN
cjfa-30366	344	2	4	4	NUM
cjfa-30366	344	3	.	.	PUNCT
cjfa-30366	344	4	impact	impact	NOUN
cjfa-30366	344	5	of	of	ADP
cjfa-30366	344	6	spin	spin	NOUN
cjfa-30366	344	7	on	on	ADP
cjfa-30366	344	8	realized	realize	VERB
cjfa-30366	344	9	volatility	volatility	NOUN
cjfa-30366	344	10	(	(	PUNCT
cjfa-30366	344	11	rvol	rvol	NOUN
cjfa-30366	344	12	)	)	PUNCT
cjfa-30366	344	13	dependent	dependent	ADJ
cjfa-30366	344	14	variable	variable	ADJ
cjfa-30366	344	15	rvol	rvol	NOUN
cjfa-30366	344	16	estimation	estimation	NOUN
cjfa-30366	344	17	method	method	NOUN
cjfa-30366	344	18	(	(	PUNCT
cjfa-30366	344	19	1	1	NUM
cjfa-30366	344	20	)	)	PUNCT
cjfa-30366	344	21	pooled	pool	VERB
cjfa-30366	344	22	regression	regression	NOUN
cjfa-30366	344	23	(	(	PUNCT
cjfa-30366	344	24	2	2	NUM
cjfa-30366	344	25	)	)	PUNCT
cjfa-30366	344	26	sur	sur	NOUN
cjfa-30366	344	27	intercept	intercept	NOUN
cjfa-30366	344	28	0.01	0.01	NUM
cjfa-30366	344	29	(	(	PUNCT
cjfa-30366	344	30	.2	.2	NUM
cjfa-30366	344	31	)	)	PUNCT
cjfa-30366	344	32	0.01	0.01	NUM
cjfa-30366	344	33	(	(	PUNCT
cjfa-30366	344	34	.2	.2	NUM
cjfa-30366	344	35	)	)	PUNCT
cjfa-30366	344	36	rvol(23	rvol(23	NOUN
cjfa-30366	344	37	)	)	PUNCT
cjfa-30366	344	38	0.7	0.7	NUM
cjfa-30366	344	39	(	(	PUNCT
cjfa-30366	344	40	<	<	NOUN
cjfa-30366	344	41	.0001	.0001	X
cjfa-30366	344	42	)	)	PUNCT
cjfa-30366	344	43	0.7	0.7	NUM
cjfa-30366	344	44	(	(	PUNCT
cjfa-30366	344	45	<	<	NOUN
cjfa-30366	344	46	.0001	.0001	NOUN
cjfa-30366	344	47	)	)	PUNCT
cjfa-30366	344	48	rvol(22	rvol(22	NOUN
cjfa-30366	344	49	)	)	PUNCT
cjfa-30366	344	50	0.4	0.4	NUM
cjfa-30366	345	1	(	(	PUNCT
cjfa-30366	345	2	<	<	NOUN
cjfa-30366	345	3	.0001	.0001	X
cjfa-30366	345	4	)	)	PUNCT
cjfa-30366	345	5	0.4	0.4	NUM
cjfa-30366	345	6	(	(	PUNCT
cjfa-30366	345	7	<	<	NOUN
cjfa-30366	345	8	.0001	.0001	NOUN
cjfa-30366	345	9	)	)	PUNCT
cjfa-30366	345	10	order	order	NOUN
cjfa-30366	345	11	imbalance	imbalance	NOUN
cjfa-30366	345	12	8.61e-06	8.61e-06	NUM
cjfa-30366	345	13	(	(	PUNCT
cjfa-30366	345	14	<	<	NOUN
cjfa-30366	345	15	.0001	.0001	NOUN
cjfa-30366	345	16	)	)	PUNCT
cjfa-30366	345	17	8.61e-06	8.61e-06	NUM
cjfa-30366	345	18	(	(	PUNCT
cjfa-30366	345	19	<	<	NOUN
cjfa-30366	345	20	.0001	.0001	NOUN
cjfa-30366	345	21	)	)	PUNCT
cjfa-30366	345	22	pre	pre	ADJ
cjfa-30366	345	23	-	-	ADJ
cjfa-30366	345	24	market	market	ADJ
cjfa-30366	345	25	trade	trade	NOUN
cjfa-30366	345	26	quantity	quantity	NOUN
cjfa-30366	345	27	3.5e-06	3.5e-06	NUM
cjfa-30366	345	28	(	(	PUNCT
cjfa-30366	345	29	<	<	NOUN
cjfa-30366	345	30	.0001	.0001	X
cjfa-30366	345	31	)	)	PUNCT
cjfa-30366	345	32	3.5e-06	3.5e-06	NUM
cjfa-30366	345	33	(	(	PUNCT
cjfa-30366	345	34	<	<	NOUN
cjfa-30366	345	35	.0001	.0001	X
cjfa-30366	345	36	)	)	PUNCT
cjfa-30366	345	37	nt	not	PART
cjfa-30366	345	38	(	(	PUNCT
cjfa-30366	345	39	total	total	ADJ
cjfa-30366	345	40	observation	observation	NOUN
cjfa-30366	345	41	)	)	PUNCT
cjfa-30366	345	42	3,381	3,381	NUM
cjfa-30366	345	43	3,381	3,381	NUM
cjfa-30366	345	44	n	n	CCONJ
cjfa-30366	345	45	(	(	PUNCT
cjfa-30366	345	46	stocks	stock	NOUN
cjfa-30366	345	47	)	)	PUNCT
cjfa-30366	345	48	104	104	NUM
cjfa-30366	345	49	104	104	NUM
cjfa-30366	345	50	t	t	NOUN
cjfa-30366	345	51	(	(	PUNCT
cjfa-30366	345	52	traded	trade	VERB
cjfa-30366	345	53	days	day	NOUN
cjfa-30366	345	54	)	)	PUNCT
cjfa-30366	345	55	48	48	NUM
cjfa-30366	345	56	48	48	NUM
cjfa-30366	345	57	and	and	CCONJ
cjfa-30366	345	58	,	,	PUNCT
cjfa-30366	345	59	3	3	NUM
cjfa-30366	345	60	2625	2625	NUM
cjfa-30366	345	61	0.308	0.308	NUM
cjfa-30366	345	62	0.0006	0.0006	NUM
cjfa-30366	345	63	4	4	NUM
cjfa-30366	345	64	2625	2625	NUM
cjfa-30366	345	65	0.359	0.359	NUM
cjfa-30366	345	66	0.0007	0.0007	NUM
cjfa-30366	345	67	5	5	NUM
cjfa-30366	345	68	2625	2625	NUM
cjfa-30366	345	69	0.403	0.403	NUM
cjfa-30366	345	70	0.0007	0.0007	NUM
cjfa-30366	345	71	6	6	NUM
cjfa-30366	345	72	2625	2625	NUM
cjfa-30366	345	73	0.447	0.447	NUM
cjfa-30366	345	74	0.0008	0.0008	NUM
cjfa-30366	345	75	7	7	NUM
cjfa-30366	345	76	2625	2625	NUM
cjfa-30366	345	77	0.489	0.489	NUM
cjfa-30366	345	78	0.0008	0.0008	NUM
cjfa-30366	345	79	8	8	NUM
cjfa-30366	345	80	2625	2625	NUM
cjfa-30366	345	81	0.525	0.525	NUM
cjfa-30366	345	82	0.0008	0.0008	NUM
cjfa-30366	345	83	9	9	NUM
cjfa-30366	345	84	2625	2625	NUM
cjfa-30366	345	85	0.56	0.56	NUM
cjfa-30366	345	86	0.0009	0.0009	NUM
cjfa-30366	345	87	10	10	NUM
cjfa-30366	345	88	2625	2625	NUM
cjfa-30366	345	89	0.594	0.594	NUM
cjfa-30366	345	90	0.0009	0.0009	NUM
cjfa-30366	345	91	11	11	NUM
cjfa-30366	345	92	2625	2625	NUM
cjfa-30366	345	93	0.626	0.626	NUM
cjfa-30366	346	1	0.0009	0.0009	NUM
cjfa-30366	346	2	12	12	NUM
cjfa-30366	346	3	2625	2625	NUM
cjfa-30366	346	4	0.659	0.659	NUM
cjfa-30366	346	5	0.0010	0.0010	NUM
cjfa-30366	346	6	13	13	NUM
cjfa-30366	346	7	2625	2625	NUM
cjfa-30366	346	8	0.69	0.69	NUM
cjfa-30366	346	9	0.0010	0.0010	NUM
cjfa-30366	346	10	14	14	NUM
cjfa-30366	346	11	2625	2625	NUM
cjfa-30366	346	12	0.721	0.721	NUM
cjfa-30366	347	1	0.0010	0.0010	NUM
cjfa-30366	347	2	15	15	NUM
cjfa-30366	347	3	2625	2625	NUM
cjfa-30366	347	4	0.751	0.751	NUM
cjfa-30366	347	5	0.00104	0.00104	NUM
cjfa-30366	348	1	note	note	NOUN
cjfa-30366	348	2	:	:	PUNCT
cjfa-30366	348	3	we	we	PRON
cjfa-30366	348	4	find	find	VERB
cjfa-30366	348	5	rise	rise	NOUN
cjfa-30366	348	6	in	in	ADP
cjfa-30366	348	7	both	both	PRON
cjfa-30366	348	8	spread	spread	VERB
cjfa-30366	348	9	and	and	CCONJ
cjfa-30366	348	10	realized	realize	VERB
cjfa-30366	348	11	volatility	volatility	NOUN
cjfa-30366	348	12	,	,	PUNCT
cjfa-30366	348	13	where	where	SCONJ
cjfa-30366	348	14	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆	PROPN
cjfa-30366	348	15	𝑆	𝑆	PROPN
cjfa-30366	348	16	𝑅	𝑅	PROPN
cjfa-30366	348	17	�	�	PROPN
cjfa-30366	348	18	�	�	PROPN
cjfa-30366	348	19	�	�	PROPN
cjfa-30366	348	20	�	�	PROPN
cjfa-30366	348	21	�	�	PROPN
cjfa-30366	348	22	_	_	PROPN
cjfa-30366	348	23	�	�	PROPN
cjfa-30366	348	24	�	�	PROPN
cjfa-30366	348	25	�	�	PROPN
cjfa-30366	348	26	�	�	PROPN
cjfa-30366	348	27	�	�	PROPN
cjfa-30366	348	28	�	�	PROPN
cjfa-30366	348	29	�	�	PROPN
cjfa-30366	348	30	�	�	PROPN
cjfa-30366	348	31	�	�	PROPN
cjfa-30366	348	32	𝑅	𝑅	PROPN
cjfa-30366	348	33	�	�	PROPN
cjfa-30366	348	34	�	�	PROPN
cjfa-30366	348	35	�	�	PROPN
cjfa-30366	348	36	�	�	PROPN
cjfa-30366	348	37	�	�	PROPN
cjfa-30366	348	38	𝑅	𝑅	PROPN
cjfa-30366	348	39	�	�	PROPN
cjfa-30366	348	40	�	�	PROPN
cjfa-30366	348	41	�	�	PROPN
cjfa-30366	348	42	�	�	PROPN
cjfa-30366	348	43	�	�	PROPN
cjfa-30366	348	44	�	�	PROPN
cjfa-30366	348	45	�	�	PROPN
cjfa-30366	348	46	�	�	PROPN
cjfa-30366	348	47	�	�	PROPN
cjfa-30366	348	48	𝑅	𝑅	PROPN
cjfa-30366	348	49	�	�	PROPN
cjfa-30366	348	50	�	�	PROPN
cjfa-30366	348	51	�	�	PROPN
cjfa-30366	348	52	�	�	PROPN
cjfa-30366	348	53	�	�	PROPN
cjfa-30366	348	54	𝑅	𝑅	PROPN
cjfa-30366	348	55	�	�	PROPN
cjfa-30366	348	56	and	and	CCONJ
cjfa-30366	348	57	,	,	PUNCT
cjfa-30366	348	58	𝑅𝑅𝑆𝑆𝑆𝑆𝑅𝑅𝑅𝑅𝑅𝑅𝑆𝑆𝑆𝑆	𝑅𝑅𝑆𝑆𝑆𝑆𝑅𝑅𝑅𝑅𝑅𝑅𝑆𝑆𝑆𝑆	PROPN
cjfa-30366	348	59	𝑅𝑅𝑆𝑆𝑆𝑆𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑆𝑆	𝑅𝑅𝑆𝑆𝑆𝑆𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑆𝑆	PROPN
cjfa-30366	348	60	𝑆	𝑆	PROPN
cjfa-30366	348	61	𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑆𝑆𝑅	𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑆𝑆𝑅	PROPN
cjfa-30366	348	62	𝑅	𝑅	PROPN
cjfa-30366	348	63	𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑆𝑆𝑅𝑅	𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑆𝑆𝑅𝑅𝑅𝑅𝑆𝑆𝑅𝑅	PROPN
cjfa-30366	348	64	]	]	SYM
cjfa-30366	348	65	�	�	PROPN
cjfa-30366	348	66	.	.	PUNCT
cjfa-30366	349	1	both	both	PRON
cjfa-30366	349	2	spread	spread	VERB
cjfa-30366	349	3	and	and	CCONJ
cjfa-30366	349	4	realized	realize	VERB
cjfa-30366	349	5	volatility	volatility	NOUN
cjfa-30366	349	6	increases	increase	NOUN
cjfa-30366	349	7	from	from	ADP
cjfa-30366	349	8	1	1	NUM
cjfa-30366	349	9	minute	minute	NOUN
cjfa-30366	349	10	to	to	ADP
cjfa-30366	349	11	the	the	DET
cjfa-30366	349	12	15th	15th	ADJ
cjfa-30366	349	13	minute	minute	NOUN
cjfa-30366	349	14	during	during	ADP
cjfa-30366	349	15	the	the	DET
cjfa-30366	349	16	first	first	ADJ
cjfa-30366	349	17	hour	hour	NOUN
cjfa-30366	349	18	of	of	ADP
cjfa-30366	349	19	trading	trading	NOUN
cjfa-30366	349	20	.	.	PUNCT
cjfa-30366	350	1	source	source	NOUN
cjfa-30366	350	2	:	:	PUNCT
cjfa-30366	350	3	author	author	NOUN
cjfa-30366	350	4	’s	’s	PART
cjfa-30366	350	5	calculation	calculation	NOUN
cjfa-30366	350	6	.	.	PUNCT
cjfa-30366	351	1	for	for	ADP
cjfa-30366	351	2	the	the	DET
cjfa-30366	351	3	corresponding	corresponding	ADJ
cjfa-30366	351	4	period	period	NOUN
cjfa-30366	351	5	in	in	ADP
cjfa-30366	351	6	our	our	PRON
cjfa-30366	351	7	sample	sample	NOUN
cjfa-30366	351	8	,	,	PUNCT
cjfa-30366	351	9	table	table	NOUN
cjfa-30366	351	10	3	3	NUM
cjfa-30366	351	11	provides	provide	VERB
cjfa-30366	351	12	the	the	DET
cjfa-30366	351	13	volatility	volatility	NOUN
cjfa-30366	351	14	changes	change	NOUN
cjfa-30366	351	15	which	which	PRON
cjfa-30366	351	16	shows	show	VERB
cjfa-30366	351	17	that	that	SCONJ
cjfa-30366	351	18	the	the	DET
cjfa-30366	351	19	variance	variance	NOUN
cjfa-30366	351	20	of	of	ADP
cjfa-30366	351	21	normal	normal	ADJ
cjfa-30366	351	22	trades	trade	NOUN
cjfa-30366	351	23	has	have	AUX
cjfa-30366	351	24	increased	increase	VERB
cjfa-30366	351	25	in	in	ADP
cjfa-30366	351	26	the	the	DET
cjfa-30366	351	27	first	first	ADJ
cjfa-30366	351	28	15	15	NUM
cjfa-30366	351	29	minutes	minute	NOUN
cjfa-30366	351	30	of	of	ADP
cjfa-30366	351	31	trading	trading	NOUN
cjfa-30366	351	32	.	.	PUNCT
cjfa-30366	352	1	model	model	NOUN
cjfa-30366	352	2	:	:	PUNCT
cjfa-30366	352	3	impact	impact	NOUN
cjfa-30366	352	4	of	of	ADP
cjfa-30366	352	5	imbalance	imbalance	NOUN
cjfa-30366	352	6	table	table	NOUN
cjfa-30366	352	7	4	4	NUM
cjfa-30366	352	8	shows	show	VERB
cjfa-30366	352	9	the	the	DET
cjfa-30366	352	10	realised	realise	VERB
cjfa-30366	352	11	variance	variance	NOUN
cjfa-30366	352	12	(	(	PUNCT
cjfa-30366	352	13	rv	rv	NOUN
cjfa-30366	352	14	)	)	PUNCT
cjfa-30366	352	15	model	model	NOUN
cjfa-30366	352	16	estimates	estimate	NOUN
cjfa-30366	352	17	.	.	PUNCT
cjfa-30366	353	1	the	the	DET
cjfa-30366	353	2	results	result	NOUN
cjfa-30366	353	3	reflect	reflect	VERB
cjfa-30366	353	4	that	that	SCONJ
cjfa-30366	353	5	the	the	DET
cjfa-30366	353	6	influence	influence	NOUN
cjfa-30366	353	7	of	of	ADP
cjfa-30366	353	8	pre	pre	ADJ
cjfa-30366	353	9	-	-	ADJ
cjfa-30366	353	10	market	market	ADJ
cjfa-30366	353	11	indicators	indicator	NOUN
cjfa-30366	353	12	on	on	ADP
cjfa-30366	353	13	the	the	DET
cjfa-30366	353	14	end	end	NOUN
cjfa-30366	353	15	of	of	ADP
cjfa-30366	353	16	the	the	DET
cjfa-30366	353	17	day	day	NOUN
cjfa-30366	353	18	variance	variance	NOUN
cjfa-30366	353	19	is	be	AUX
cjfa-30366	353	20	significant	significant	ADJ
cjfa-30366	353	21	.	.	PUNCT
cjfa-30366	354	1	we	we	PRON
cjfa-30366	354	2	also	also	ADV
cjfa-30366	354	3	find	find	VERB
cjfa-30366	354	4	that	that	SCONJ
cjfa-30366	354	5	order	order	NOUN
cjfa-30366	354	6	imbalance	imbalance	NOUN
cjfa-30366	354	7	,	,	PUNCT
cjfa-30366	354	8	pre	pre	ADJ
cjfa-30366	354	9	-	-	ADJ
cjfa-30366	354	10	market	market	ADJ
cjfa-30366	354	11	trading	trading	NOUN
cjfa-30366	354	12	volume	volume	NOUN
cjfa-30366	354	13	seem	seem	VERB
cjfa-30366	354	14	to	to	PART
cjfa-30366	354	15	impact	impact	VERB
cjfa-30366	354	16	the	the	DET
cjfa-30366	354	17	end	end	NOUN
cjfa-30366	354	18	of	of	ADP
cjfa-30366	354	19	the	the	DET
cjfa-30366	354	20	day	day	NOUN
cjfa-30366	354	21	rvol	rvol	NOUN
cjfa-30366	354	22	significantly	significantly	ADV
cjfa-30366	354	23	.	.	PUNCT
cjfa-30366	355	1	table	table	NOUN
cjfa-30366	355	2	4	4	NUM
cjfa-30366	355	3	.	.	PUNCT
cjfa-30366	355	4	impact	impact	NOUN
cjfa-30366	355	5	of	of	ADP
cjfa-30366	355	6	spin	spin	NOUN
cjfa-30366	355	7	on	on	ADP
cjfa-30366	355	8	realized	realize	VERB
cjfa-30366	355	9	volatility	volatility	NOUN
cjfa-30366	355	10	(	(	PUNCT
cjfa-30366	355	11	rvol	rvol	NOUN
cjfa-30366	355	12	)	)	PUNCT
cjfa-30366	355	13	dependent	dependent	ADJ
cjfa-30366	355	14	variable	variable	ADJ
cjfa-30366	355	15	rvol	rvol	NOUN
cjfa-30366	355	16	estimation	estimation	NOUN
cjfa-30366	355	17	method	method	NOUN
cjfa-30366	355	18	(	(	PUNCT
cjfa-30366	355	19	1	1	NUM
cjfa-30366	355	20	)	)	PUNCT
cjfa-30366	355	21	pooled	pool	VERB
cjfa-30366	355	22	regression	regression	NOUN
cjfa-30366	355	23	(	(	PUNCT
cjfa-30366	355	24	2	2	NUM
cjfa-30366	355	25	)	)	PUNCT
cjfa-30366	355	26	sur	sur	NOUN
cjfa-30366	355	27	intercept	intercept	NOUN
cjfa-30366	355	28	0.01	0.01	NUM
cjfa-30366	355	29	(	(	PUNCT
cjfa-30366	355	30	.2	.2	NUM
cjfa-30366	355	31	)	)	PUNCT
cjfa-30366	355	32	0.01	0.01	NUM
cjfa-30366	355	33	(	(	PUNCT
cjfa-30366	355	34	.2	.2	NUM
cjfa-30366	355	35	)	)	PUNCT
cjfa-30366	355	36	rvol(23	rvol(23	NOUN
cjfa-30366	355	37	)	)	PUNCT
cjfa-30366	355	38	0.7	0.7	NUM
cjfa-30366	355	39	(	(	PUNCT
cjfa-30366	355	40	<	<	NOUN
cjfa-30366	355	41	.0001	.0001	X
cjfa-30366	355	42	)	)	PUNCT
cjfa-30366	355	43	0.7	0.7	NUM
cjfa-30366	355	44	(	(	PUNCT
cjfa-30366	355	45	<	<	NOUN
cjfa-30366	355	46	.0001	.0001	NOUN
cjfa-30366	355	47	)	)	PUNCT
cjfa-30366	355	48	rvol(22	rvol(22	NOUN
cjfa-30366	355	49	)	)	PUNCT
cjfa-30366	355	50	0.4	0.4	NUM
cjfa-30366	356	1	(	(	PUNCT
cjfa-30366	356	2	<	<	NOUN
cjfa-30366	356	3	.0001	.0001	X
cjfa-30366	356	4	)	)	PUNCT
cjfa-30366	356	5	0.4	0.4	NUM
cjfa-30366	356	6	(	(	PUNCT
cjfa-30366	356	7	<	<	NOUN
cjfa-30366	356	8	.0001	.0001	NOUN
cjfa-30366	356	9	)	)	PUNCT
cjfa-30366	356	10	order	order	NOUN
cjfa-30366	356	11	imbalance	imbalance	NOUN
cjfa-30366	356	12	8.61e-06	8.61e-06	NUM
cjfa-30366	356	13	(	(	PUNCT
cjfa-30366	356	14	<	<	NOUN
cjfa-30366	356	15	.0001	.0001	NOUN
cjfa-30366	356	16	)	)	PUNCT
cjfa-30366	356	17	8.61e-06	8.61e-06	NUM
cjfa-30366	356	18	(	(	PUNCT
cjfa-30366	356	19	<	<	NOUN
cjfa-30366	356	20	.0001	.0001	NOUN
cjfa-30366	356	21	)	)	PUNCT
cjfa-30366	356	22	pre	pre	ADJ
cjfa-30366	356	23	-	-	ADJ
cjfa-30366	356	24	market	market	ADJ
cjfa-30366	356	25	trade	trade	NOUN
cjfa-30366	356	26	quantity	quantity	NOUN
cjfa-30366	356	27	3.5e-06	3.5e-06	NUM
cjfa-30366	356	28	(	(	PUNCT
cjfa-30366	356	29	<	<	NOUN
cjfa-30366	356	30	.0001	.0001	X
cjfa-30366	356	31	)	)	PUNCT
cjfa-30366	356	32	3.5e-06	3.5e-06	NUM
cjfa-30366	356	33	(	(	PUNCT
cjfa-30366	356	34	<	<	NOUN
cjfa-30366	356	35	.0001	.0001	X
cjfa-30366	356	36	)	)	PUNCT
cjfa-30366	356	37	nt	not	PART
cjfa-30366	356	38	(	(	PUNCT
cjfa-30366	356	39	total	total	ADJ
cjfa-30366	356	40	observation	observation	NOUN
cjfa-30366	356	41	)	)	PUNCT
cjfa-30366	356	42	3,381	3,381	NUM
cjfa-30366	356	43	3,381	3,381	NUM
cjfa-30366	356	44	n	n	CCONJ
cjfa-30366	356	45	(	(	PUNCT
cjfa-30366	356	46	stocks	stock	NOUN
cjfa-30366	356	47	)	)	PUNCT
cjfa-30366	356	48	104	104	NUM
cjfa-30366	356	49	104	104	NUM
cjfa-30366	356	50	t	t	NOUN
cjfa-30366	356	51	(	(	PUNCT
cjfa-30366	356	52	traded	trade	VERB
cjfa-30366	356	53	days	day	NOUN
cjfa-30366	356	54	)	)	PUNCT
cjfa-30366	356	55	48	48	NUM
cjfa-30366	356	56	48	48	NUM
cjfa-30366	356	57	.	.	PUNCT
cjfa-30366	357	1	both	both	PRON
cjfa-30366	357	2	spread	spread	VERB
cjfa-30366	357	3	and	and	CCONJ
cjfa-30366	357	4	realized	realize	VERB
cjfa-30366	357	5	volatility	volatility	NOUN
cjfa-30366	357	6	increases	increase	NOUN
cjfa-30366	357	7	from	from	ADP
cjfa-30366	357	8	1	1	NUM
cjfa-30366	357	9	minute	minute	NOUN
cjfa-30366	357	10	to	to	ADP
cjfa-30366	357	11	the	the	DET
cjfa-30366	357	12	15th	15th	ADJ
cjfa-30366	357	13	minute	minute	NOUN
cjfa-30366	357	14	during	during	ADP
cjfa-30366	357	15	the	the	DET
cjfa-30366	357	16	first	first	ADJ
cjfa-30366	357	17	hour	hour	NOUN
cjfa-30366	357	18	of	of	ADP
cjfa-30366	357	19	trading	trading	NOUN
cjfa-30366	357	20	.	.	PUNCT
cjfa-30366	358	1	source	source	NOUN
cjfa-30366	358	2	:	:	PUNCT
cjfa-30366	358	3	author	author	NOUN
cjfa-30366	358	4	’s	’s	PART
cjfa-30366	358	5	calculation	calculation	NOUN
cjfa-30366	358	6	.	.	PUNCT
cjfa-30366	359	1	for	for	ADP
cjfa-30366	359	2	the	the	DET
cjfa-30366	359	3	corresponding	corresponding	ADJ
cjfa-30366	359	4	period	period	NOUN
cjfa-30366	359	5	in	in	ADP
cjfa-30366	359	6	our	our	PRON
cjfa-30366	359	7	sample	sample	NOUN
cjfa-30366	359	8	,	,	PUNCT
cjfa-30366	359	9	table	table	NOUN
cjfa-30366	359	10	3	3	NUM
cjfa-30366	359	11	provides	provide	VERB
cjfa-30366	359	12	the	the	DET
cjfa-30366	359	13	volatility	volatility	NOUN
cjfa-30366	359	14	changes	change	NOUN
cjfa-30366	359	15	which	which	PRON
cjfa-30366	359	16	shows	show	VERB
cjfa-30366	359	17	that	that	SCONJ
cjfa-30366	359	18	the	the	DET
cjfa-30366	359	19	variance	variance	NOUN
cjfa-30366	359	20	of	of	ADP
cjfa-30366	359	21	normal	normal	ADJ
cjfa-30366	359	22	trades	trade	NOUN
cjfa-30366	359	23	has	have	AUX
cjfa-30366	359	24	increased	increase	VERB
cjfa-30366	359	25	in	in	ADP
cjfa-30366	359	26	the	the	DET
cjfa-30366	359	27	first	first	ADJ
cjfa-30366	359	28	15	15	NUM
cjfa-30366	359	29	minutes	minute	NOUN
cjfa-30366	359	30	of	of	ADP
cjfa-30366	359	31	trading	trading	NOUN
cjfa-30366	359	32	.	.	PUNCT
cjfa-30366	360	1	model	model	NOUN
cjfa-30366	360	2	:	:	PUNCT
cjfa-30366	360	3	impact	impact	NOUN
cjfa-30366	360	4	of	of	ADP
cjfa-30366	360	5	imbalance	imbalance	NOUN
cjfa-30366	360	6	table	table	NOUN
cjfa-30366	360	7	4	4	NUM
cjfa-30366	360	8	shows	show	VERB
cjfa-30366	360	9	the	the	DET
cjfa-30366	360	10	realised	realise	VERB
cjfa-30366	360	11	variance	variance	NOUN
cjfa-30366	360	12	(	(	PUNCT
cjfa-30366	360	13	rv	rv	NOUN
cjfa-30366	360	14	)	)	PUNCT
cjfa-30366	360	15	model	model	NOUN
cjfa-30366	360	16	estimates	estimate	NOUN
cjfa-30366	360	17	.	.	PUNCT
cjfa-30366	361	1	the	the	DET
cjfa-30366	361	2	results	result	NOUN
cjfa-30366	361	3	reflect	reflect	VERB
cjfa-30366	361	4	that	that	SCONJ
cjfa-30366	361	5	the	the	DET
cjfa-30366	361	6	influence	influence	NOUN
cjfa-30366	361	7	of	of	ADP
cjfa-30366	361	8	pre	pre	ADJ
cjfa-30366	361	9	-	-	ADJ
cjfa-30366	361	10	market	market	ADJ
cjfa-30366	361	11	indicators	indicator	NOUN
cjfa-30366	361	12	on	on	ADP
cjfa-30366	361	13	the	the	DET
cjfa-30366	361	14	end	end	NOUN
cjfa-30366	361	15	of	of	ADP
cjfa-30366	361	16	the	the	DET
cjfa-30366	361	17	day	day	NOUN
cjfa-30366	361	18	variance	variance	NOUN
cjfa-30366	361	19	is	be	AUX
cjfa-30366	361	20	sig	sig	NOUN
cjfa-30366	361	21	information	information	NOUN
cjfa-30366	361	22	content	content	NOUN
cjfa-30366	361	23	of	of	ADP
cjfa-30366	361	24	stocks	stock	NOUN
cjfa-30366	361	25	in	in	ADP
cjfa-30366	361	26	call	call	NOUN
cjfa-30366	361	27	auction	auction	NOUN
cjfa-30366	361	28	…	…	PUNCT
cjfa-30366	361	29	127	127	NUM
cjfa-30366	361	30	nificant	nificant	ADJ
cjfa-30366	361	31	.	.	PUNCT
cjfa-30366	362	1	we	we	PRON
cjfa-30366	362	2	also	also	ADV
cjfa-30366	362	3	find	find	VERB
cjfa-30366	362	4	that	that	SCONJ
cjfa-30366	362	5	order	order	NOUN
cjfa-30366	362	6	imbalance	imbalance	NOUN
cjfa-30366	362	7	,	,	PUNCT
cjfa-30366	362	8	pre	pre	ADJ
cjfa-30366	362	9	-	-	ADJ
cjfa-30366	362	10	market	market	ADJ
cjfa-30366	362	11	trading	trading	NOUN
cjfa-30366	362	12	volume	volume	NOUN
cjfa-30366	362	13	seem	seem	VERB
cjfa-30366	362	14	to	to	PART
cjfa-30366	362	15	impact	impact	VERB
cjfa-30366	362	16	the	the	DET
cjfa-30366	362	17	end	end	NOUN
cjfa-30366	362	18	of	of	ADP
cjfa-30366	362	19	the	the	DET
cjfa-30366	362	20	day	day	NOUN
cjfa-30366	362	21	rvol	rvol	NOUN
cjfa-30366	362	22	significantly	significantly	ADV
cjfa-30366	362	23	.	.	PUNCT
cjfa-30366	363	1	table	table	NOUN
cjfa-30366	363	2	4	4	NUM
cjfa-30366	363	3	.	.	PUNCT
cjfa-30366	363	4	impact	impact	NOUN
cjfa-30366	363	5	of	of	ADP
cjfa-30366	363	6	spin	spin	NOUN
cjfa-30366	363	7	on	on	ADP
cjfa-30366	363	8	realized	realize	VERB
cjfa-30366	363	9	volatility	volatility	NOUN
cjfa-30366	363	10	(	(	PUNCT
cjfa-30366	363	11	rvol	rvol	NOUN
cjfa-30366	363	12	)	)	PUNCT
cjfa-30366	363	13	dependent	dependent	ADJ
cjfa-30366	363	14	variable	variable	ADJ
cjfa-30366	363	15	rvol	rvol	NOUN
cjfa-30366	363	16	estimation	estimation	NOUN
cjfa-30366	363	17	method	method	NOUN
cjfa-30366	363	18	(	(	PUNCT
cjfa-30366	363	19	1	1	NUM
cjfa-30366	363	20	)	)	PUNCT
cjfa-30366	363	21	pooled	pool	VERB
cjfa-30366	363	22	regression	regression	NOUN
cjfa-30366	363	23	(	(	PUNCT
cjfa-30366	363	24	2	2	NUM
cjfa-30366	363	25	)	)	PUNCT
cjfa-30366	363	26	sur	sur	NOUN
cjfa-30366	363	27	intercept	intercept	NOUN
cjfa-30366	363	28	0.01	0.01	NUM
cjfa-30366	363	29	(	(	PUNCT
cjfa-30366	363	30	.2	.2	NUM
cjfa-30366	363	31	)	)	PUNCT
cjfa-30366	363	32	0.01	0.01	NUM
cjfa-30366	363	33	(	(	PUNCT
cjfa-30366	363	34	.2	.2	NUM
cjfa-30366	363	35	)	)	PUNCT
cjfa-30366	363	36	rvol(23	rvol(23	NOUN
cjfa-30366	363	37	)	)	PUNCT
cjfa-30366	363	38	0.7	0.7	NUM
cjfa-30366	363	39	(	(	PUNCT
cjfa-30366	363	40	<	<	NOUN
cjfa-30366	363	41	.0001	.0001	X
cjfa-30366	363	42	)	)	PUNCT
cjfa-30366	363	43	0.7	0.7	NUM
cjfa-30366	363	44	(	(	PUNCT
cjfa-30366	363	45	<	<	NOUN
cjfa-30366	363	46	.0001	.0001	NOUN
cjfa-30366	363	47	)	)	PUNCT
cjfa-30366	363	48	rvol(22	rvol(22	NOUN
cjfa-30366	363	49	)	)	PUNCT
cjfa-30366	363	50	0.4	0.4	NUM
cjfa-30366	364	1	(	(	PUNCT
cjfa-30366	364	2	<	<	NOUN
cjfa-30366	364	3	.0001	.0001	X
cjfa-30366	364	4	)	)	PUNCT
cjfa-30366	364	5	0.4	0.4	NUM
cjfa-30366	364	6	(	(	PUNCT
cjfa-30366	364	7	<	<	NOUN
cjfa-30366	364	8	.0001	.0001	NOUN
cjfa-30366	364	9	)	)	PUNCT
cjfa-30366	364	10	order	order	NOUN
cjfa-30366	364	11	imbalance	imbalance	NOUN
cjfa-30366	364	12	8.61e-06	8.61e-06	NUM
cjfa-30366	364	13	(	(	PUNCT
cjfa-30366	364	14	<	<	NOUN
cjfa-30366	364	15	.0001	.0001	NOUN
cjfa-30366	364	16	)	)	PUNCT
cjfa-30366	364	17	8.61e-06	8.61e-06	NUM
cjfa-30366	364	18	(	(	PUNCT
cjfa-30366	364	19	<	<	NOUN
cjfa-30366	364	20	.0001	.0001	NOUN
cjfa-30366	364	21	)	)	PUNCT
cjfa-30366	364	22	pre	pre	ADJ
cjfa-30366	364	23	-	-	ADJ
cjfa-30366	364	24	market	market	ADJ
cjfa-30366	364	25	trade	trade	NOUN
cjfa-30366	364	26	quantity	quantity	NOUN
cjfa-30366	364	27	3.5e-06	3.5e-06	NUM
cjfa-30366	364	28	(	(	PUNCT
cjfa-30366	364	29	<	<	NOUN
cjfa-30366	364	30	.0001	.0001	X
cjfa-30366	364	31	)	)	PUNCT
cjfa-30366	364	32	3.5e-06	3.5e-06	NUM
cjfa-30366	364	33	(	(	PUNCT
cjfa-30366	364	34	<	<	NOUN
cjfa-30366	364	35	.0001	.0001	X
cjfa-30366	364	36	)	)	PUNCT
cjfa-30366	364	37	nt	not	PART
cjfa-30366	364	38	(	(	PUNCT
cjfa-30366	364	39	total	total	ADJ
cjfa-30366	364	40	observation	observation	NOUN
cjfa-30366	364	41	)	)	PUNCT
cjfa-30366	364	42	3,381	3,381	NUM
cjfa-30366	364	43	3,381	3,381	NUM
cjfa-30366	364	44	n	n	CCONJ
cjfa-30366	364	45	(	(	PUNCT
cjfa-30366	364	46	stocks	stock	NOUN
cjfa-30366	364	47	)	)	PUNCT
cjfa-30366	364	48	104	104	NUM
cjfa-30366	364	49	104	104	NUM
cjfa-30366	364	50	t	t	NOUN
cjfa-30366	364	51	(	(	PUNCT
cjfa-30366	364	52	traded	trade	VERB
cjfa-30366	364	53	days	day	NOUN
cjfa-30366	364	54	)	)	PUNCT
cjfa-30366	364	55	48	48	NUM
cjfa-30366	364	56	48	48	NUM
cjfa-30366	364	57	sse	sse	NOUN
cjfa-30366	364	58	127	127	NUM
cjfa-30366	364	59	127	127	NUM
cjfa-30366	364	60	mse	mse	NOUN
cjfa-30366	364	61	0.1246	0.1246	NUM
cjfa-30366	364	62	0.1246	0.1246	NUM
cjfa-30366	364	63	r	r	X
cjfa-30366	364	64	-	-	PUNCT
cjfa-30366	364	65	square	square	ADJ
cjfa-30366	364	66	0.9305	0.9305	NUM
cjfa-30366	364	67	0.9305	0.9305	NUM
cjfa-30366	364	68	n	n	NUM
cjfa-30366	364	69	o	o	NOUN
cjfa-30366	364	70	t	t	NOUN
cjfa-30366	364	71	e	e	NOUN
cjfa-30366	364	72	:	:	PUNCT
cjfa-30366	364	73	1	1	X
cjfa-30366	364	74	.	.	PUNCT
cjfa-30366	364	75	(	(	PUNCT
cjfa-30366	364	76	21	21	NUM
cjfa-30366	364	77	)	)	PUNCT
cjfa-30366	364	78	indicates	indicate	VERB
cjfa-30366	364	79	the	the	DET
cjfa-30366	364	80	lag	lag	NOUN
cjfa-30366	364	81	number	number	NOUN
cjfa-30366	364	82	of	of	ADP
cjfa-30366	364	83	the	the	DET
cjfa-30366	364	84	indicator	indicator	NOUN
cjfa-30366	364	85	,	,	PUNCT
cjfa-30366	364	86	21	21	NUM
cjfa-30366	364	87	times	time	NOUN
cjfa-30366	364	88	of	of	ADP
cjfa-30366	364	89	15	15	NUM
cjfa-30366	364	90	minutes	minute	NOUN
cjfa-30366	364	91	which	which	PRON
cjfa-30366	364	92	is	be	AUX
cjfa-30366	364	93	the	the	DET
cjfa-30366	364	94	rvol	rvol	NOUN
cjfa-30366	364	95	at	at	ADP
cjfa-30366	364	96	5	5	NUM
cjfa-30366	364	97	hours	hour	NOUN
cjfa-30366	364	98	15	15	NUM
cjfa-30366	364	99	minutes	minute	NOUN
cjfa-30366	364	100	before	before	ADP
cjfa-30366	364	101	the	the	DET
cjfa-30366	364	102	end	end	NOUN
cjfa-30366	364	103	of	of	ADP
cjfa-30366	364	104	the	the	DET
cjfa-30366	364	105	day	day	NOUN
cjfa-30366	364	106	.	.	PUNCT
cjfa-30366	365	1	(	(	PUNCT
cjfa-30366	365	2	22	22	NUM
cjfa-30366	365	3	)	)	PUNCT
cjfa-30366	365	4	indicates	indicate	VERB
cjfa-30366	365	5	22	22	NUM
cjfa-30366	365	6	times	time	NOUN
cjfa-30366	365	7	of	of	ADP
cjfa-30366	365	8	15	15	NUM
cjfa-30366	365	9	minutes	minute	NOUN
cjfa-30366	365	10	each	each	PRON
cjfa-30366	365	11	which	which	PRON
cjfa-30366	365	12	is	be	AUX
cjfa-30366	365	13	the	the	DET
cjfa-30366	365	14	rvol	rvol	NOUN
cjfa-30366	365	15	at	at	ADP
cjfa-30366	365	16	5	5	NUM
cjfa-30366	365	17	hours	hour	NOUN
cjfa-30366	365	18	30	30	NUM
cjfa-30366	365	19	minutes	minute	NOUN
cjfa-30366	365	20	before	before	ADP
cjfa-30366	365	21	the	the	DET
cjfa-30366	365	22	end	end	NOUN
cjfa-30366	365	23	of	of	ADP
cjfa-30366	365	24	the	the	DET
cjfa-30366	365	25	day	day	NOUN
cjfa-30366	365	26	.	.	PUNCT
cjfa-30366	366	1	2	2	X
cjfa-30366	366	2	.	.	X
cjfa-30366	366	3	parenthesis	parenthesis	NOUN
cjfa-30366	366	4	indicates	indicate	VERB
cjfa-30366	366	5	the	the	DET
cjfa-30366	366	6	significance	significance	NOUN
cjfa-30366	366	7	of	of	ADP
cjfa-30366	366	8	p	p	NOUN
cjfa-30366	366	9	-	-	PUNCT
cjfa-30366	366	10	values	value	NOUN
cjfa-30366	366	11	of	of	ADP
cjfa-30366	366	12	the	the	DET
cjfa-30366	366	13	parameter	parameter	NOUN
cjfa-30366	366	14	coefficients	coefficient	NOUN
cjfa-30366	366	15	.	.	PUNCT
cjfa-30366	367	1	pre	pre	ADJ
cjfa-30366	367	2	-	-	ADJ
cjfa-30366	367	3	opening	opening	ADJ
cjfa-30366	367	4	indicators	indicator	NOUN
cjfa-30366	367	5	are	be	AUX
cjfa-30366	367	6	significant	significant	ADJ
cjfa-30366	367	7	.	.	PUNCT
cjfa-30366	368	1	3	3	X
cjfa-30366	368	2	.	.	X
cjfa-30366	368	3	the	the	DET
cjfa-30366	368	4	sur	sur	PROPN
cjfa-30366	368	5	model	model	NOUN
cjfa-30366	368	6	is	be	AUX
cjfa-30366	368	7	estimated	estimate	VERB
cjfa-30366	368	8	without	without	ADP
cjfa-30366	368	9	fixed	fix	VERB
cjfa-30366	368	10	effects	effect	NOUN
cjfa-30366	368	11	.	.	PUNCT
cjfa-30366	369	1	4	4	X
cjfa-30366	369	2	.	.	X
cjfa-30366	369	3	we	we	PRON
cjfa-30366	369	4	ignore	ignore	VERB
cjfa-30366	369	5	simultaneous	simultaneous	ADJ
cjfa-30366	369	6	cross	cross	NOUN
cjfa-30366	369	7	correlations	correlation	NOUN
cjfa-30366	369	8	of	of	ADP
cjfa-30366	369	9	rvol	rvol	NOUN
cjfa-30366	369	10	(	(	PUNCT
cjfa-30366	369	11	in	in	ADP
cjfa-30366	369	12	our	our	PRON
cjfa-30366	369	13	sample	sample	NOUN
cjfa-30366	369	14	)	)	PUNCT
cjfa-30366	369	15	.	.	PUNCT
cjfa-30366	370	1	s	s	PART
cjfa-30366	370	2	o	o	X
cjfa-30366	370	3	u	u	NOUN
cjfa-30366	370	4	r	r	NOUN
cjfa-30366	370	5	c	c	NOUN
cjfa-30366	370	6	e	e	NOUN
cjfa-30366	370	7	:	:	PUNCT
cjfa-30366	370	8	author	author	NOUN
cjfa-30366	370	9	’s	’s	PART
cjfa-30366	370	10	calculation	calculation	NOUN
cjfa-30366	370	11	with	with	ADP
cjfa-30366	370	12	the	the	DET
cjfa-30366	370	13	sample	sample	NOUN
cjfa-30366	370	14	of	of	ADP
cjfa-30366	370	15	normal	normal	ADJ
cjfa-30366	370	16	trade	trade	NOUN
cjfa-30366	370	17	tickers	ticker	NOUN
cjfa-30366	370	18	for	for	ADP
cjfa-30366	370	19	2013	2013	NUM
cjfa-30366	370	20	.	.	PUNCT
cjfa-30366	371	1	it	it	PRON
cjfa-30366	371	2	shows	show	VERB
cjfa-30366	371	3	that	that	SCONJ
cjfa-30366	371	4	the	the	DET
cjfa-30366	371	5	influence	influence	NOUN
cjfa-30366	371	6	of	of	ADP
cjfa-30366	371	7	order	order	NOUN
cjfa-30366	371	8	imbalance	imbalance	NOUN
cjfa-30366	371	9	is	be	AUX
cjfa-30366	371	10	about	about	ADV
cjfa-30366	371	11	2.5	2.5	NUM
cjfa-30366	371	12	times	time	NOUN
cjfa-30366	371	13	the	the	DET
cjfa-30366	371	14	traded	trade	VERB
cjfa-30366	371	15	volume	volume	NOUN
cjfa-30366	371	16	on	on	ADP
cjfa-30366	371	17	the	the	DET
cjfa-30366	371	18	realized	realize	VERB
cjfa-30366	371	19	variance	variance	NOUN
cjfa-30366	371	20	.	.	PUNCT
cjfa-30366	372	1	our	our	PRON
cjfa-30366	372	2	results	result	NOUN
cjfa-30366	372	3	are	be	AUX
cjfa-30366	372	4	in	in	ADP
cjfa-30366	372	5	consonance	consonance	NOUN
cjfa-30366	372	6	with	with	ADP
cjfa-30366	372	7	previous	previous	ADJ
cjfa-30366	372	8	findings	finding	NOUN
cjfa-30366	372	9	with	with	ADP
cjfa-30366	372	10	respect	respect	NOUN
cjfa-30366	372	11	to	to	ADP
cjfa-30366	372	12	regional	regional	ADJ
cjfa-30366	372	13	exchanges	exchange	NOUN
cjfa-30366	372	14	(	(	PUNCT
cjfa-30366	372	15	e.g.	e.g.	ADV
cjfa-30366	372	16	,	,	PUNCT
cjfa-30366	372	17	nse	nse	NOUN
cjfa-30366	372	18	)	)	PUNCT
cjfa-30366	372	19	,	,	PUNCT
cjfa-30366	372	20	namely	namely	ADV
cjfa-30366	372	21	,	,	PUNCT
cjfa-30366	372	22	bacidore	bacidore	NOUN
cjfa-30366	372	23	,	,	PUNCT
cjfa-30366	372	24	polidore	polidore	NOUN
cjfa-30366	372	25	,	,	PUNCT
cjfa-30366	372	26	xu	xu	PROPN
cjfa-30366	372	27	and	and	CCONJ
cjfa-30366	372	28	yang	yang	PROPN
cjfa-30366	372	29	(	(	PUNCT
cjfa-30366	372	30	2012	2012	NUM
cjfa-30366	372	31	)	)	PUNCT
cjfa-30366	372	32	who	who	PRON
cjfa-30366	372	33	established	establish	VERB
cjfa-30366	372	34	that	that	DET
cjfa-30366	372	35	volume	volume	NOUN
cjfa-30366	372	36	imbalance	imbalance	NOUN
cjfa-30366	372	37	during	during	ADP
cjfa-30366	372	38	preopen	preopen	ADJ
cjfa-30366	372	39	auction	auction	NOUN
cjfa-30366	372	40	led	lead	VERB
cjfa-30366	372	41	to	to	ADP
cjfa-30366	372	42	enhanced	enhanced	ADJ
cjfa-30366	372	43	volatility	volatility	NOUN
cjfa-30366	372	44	.	.	PUNCT
cjfa-30366	373	1	kehr	kehr	NOUN
cjfa-30366	373	2	,	,	PUNCT
cjfa-30366	373	3	krahnen	krahnen	PROPN
cjfa-30366	373	4	and	and	CCONJ
cjfa-30366	373	5	theissen	theissen	PROPN
cjfa-30366	373	6	(	(	PUNCT
cjfa-30366	373	7	2001	2001	NUM
cjfa-30366	373	8	)	)	PUNCT
cjfa-30366	373	9	concluded	conclude	VERB
cjfa-30366	373	10	that	that	SCONJ
cjfa-30366	373	11	intervention	intervention	NOUN
cjfa-30366	373	12	in	in	ADP
cjfa-30366	373	13	the	the	DET
cjfa-30366	373	14	auction	auction	NOUN
cjfa-30366	373	15	could	could	AUX
cjfa-30366	373	16	enhance	enhance	VERB
cjfa-30366	373	17	order	order	NOUN
cjfa-30366	373	18	flow	flow	NOUN
cjfa-30366	373	19	,	,	PUNCT
cjfa-30366	373	20	reduce	reduce	VERB
cjfa-30366	373	21	volatility	volatility	NOUN
cjfa-30366	373	22	and	and	CCONJ
cjfa-30366	373	23	increase	increase	VERB
cjfa-30366	373	24	price	price	NOUN
cjfa-30366	373	25	efficiency	efficiency	NOUN
cjfa-30366	373	26	.	.	PUNCT
cjfa-30366	374	1	this	this	PRON
cjfa-30366	374	2	is	be	AUX
cjfa-30366	374	3	in	in	ADP
cjfa-30366	374	4	concordance	concordance	NOUN
cjfa-30366	374	5	with	with	ADP
cjfa-30366	374	6	the	the	DET
cjfa-30366	374	7	previdinabandhu	previdinabandhu	NOUN
cjfa-30366	374	8	bag128	bag128	PROPN
cjfa-30366	374	9	ous	ous	PROPN
cjfa-30366	374	10	findings	finding	NOUN
cjfa-30366	374	11	of	of	ADP
cjfa-30366	374	12	octavian	octavian	PROPN
cjfa-30366	374	13	cosmin	cosmin	PROPN
cjfa-30366	374	14	and	and	CCONJ
cjfa-30366	374	15	mihai	mihai	PROPN
cjfa-30366	374	16	filip	filip	PROPN
cjfa-30366	374	17	(	(	PUNCT
cjfa-30366	374	18	2016	2016	NUM
cjfa-30366	374	19	)	)	PUNCT
cjfa-30366	374	20	who	who	PRON
cjfa-30366	374	21	had	have	AUX
cjfa-30366	374	22	used	use	VERB
cjfa-30366	374	23	vpin	vpin	ADJ
cjfa-30366	374	24	as	as	ADP
cjfa-30366	374	25	a	a	DET
cjfa-30366	374	26	dependent	dependent	ADJ
cjfa-30366	374	27	variable	variable	NOUN
cjfa-30366	374	28	to	to	PART
cjfa-30366	374	29	detect	detect	VERB
cjfa-30366	374	30	exchange	exchange	NOUN
cjfa-30366	374	31	rate	rate	NOUN
cjfa-30366	374	32	,	,	PUNCT
cjfa-30366	374	33	interest	interest	NOUN
cjfa-30366	374	34	rate	rate	NOUN
cjfa-30366	374	35	and	and	CCONJ
cjfa-30366	374	36	oil	oil	NOUN
cjfa-30366	374	37	price	price	NOUN
cjfa-30366	374	38	changes	change	NOUN
cjfa-30366	374	39	as	as	ADP
cjfa-30366	374	40	independent	independent	ADJ
cjfa-30366	374	41	variables	variable	NOUN
cjfa-30366	374	42	in	in	ADP
cjfa-30366	374	43	their	their	PRON
cjfa-30366	374	44	test	test	NOUN
cjfa-30366	374	45	model	model	NOUN
cjfa-30366	374	46	.	.	PUNCT
cjfa-30366	375	1	we	we	PRON
cjfa-30366	375	2	carry	carry	VERB
cjfa-30366	375	3	out	out	ADP
cjfa-30366	375	4	a	a	DET
cjfa-30366	375	5	second	second	ADJ
cjfa-30366	375	6	test	test	NOUN
cjfa-30366	375	7	of	of	ADP
cjfa-30366	375	8	the	the	DET
cjfa-30366	375	9	model	model	NOUN
cjfa-30366	375	10	parameter	parameter	NOUN
cjfa-30366	375	11	estimates	estimate	NOUN
cjfa-30366	375	12	from	from	ADP
cjfa-30366	375	13	the	the	DET
cjfa-30366	375	14	reported	report	VERB
cjfa-30366	375	15	volatility	volatility	NOUN
cjfa-30366	375	16	of	of	ADP
cjfa-30366	375	17	the	the	DET
cjfa-30366	375	18	future	future	ADJ
cjfa-30366	375	19	segment	segment	NOUN
cjfa-30366	375	20	for	for	ADP
cjfa-30366	375	21	the	the	DET
cjfa-30366	375	22	corresponding	corresponding	ADJ
cjfa-30366	375	23	days	day	NOUN
cjfa-30366	375	24	of	of	ADP
cjfa-30366	375	25	minimum	minimum	ADJ
cjfa-30366	375	26	information	information	NOUN
cjfa-30366	375	27	.	.	PUNCT
cjfa-30366	376	1	for	for	ADP
cjfa-30366	376	2	this	this	DET
cjfa-30366	376	3	test	test	NOUN
cjfa-30366	376	4	,	,	PUNCT
cjfa-30366	376	5	as	as	SCONJ
cjfa-30366	376	6	shown	show	VERB
cjfa-30366	376	7	in	in	ADP
cjfa-30366	376	8	table	table	NOUN
cjfa-30366	376	9	5	5	NUM
cjfa-30366	376	10	we	we	PRON
cjfa-30366	376	11	report	report	VERB
cjfa-30366	376	12	the	the	DET
cjfa-30366	376	13	order	order	NOUN
cjfa-30366	376	14	imbalance	imbalance	NOUN
cjfa-30366	376	15	and	and	CCONJ
cjfa-30366	376	16	the	the	DET
cjfa-30366	376	17	corresponding	corresponding	ADJ
cjfa-30366	376	18	daily	daily	ADJ
cjfa-30366	376	19	nse	nse	NOUN
cjfa-30366	376	20	futures	future	NOUN
cjfa-30366	376	21	volatility	volatility	NOUN
cjfa-30366	376	22	.	.	PUNCT
cjfa-30366	377	1	this	this	PRON
cjfa-30366	377	2	is	be	AUX
cjfa-30366	377	3	the	the	DET
cjfa-30366	377	4	related	related	ADJ
cjfa-30366	377	5	observation	observation	NOUN
cjfa-30366	377	6	on	on	ADP
cjfa-30366	377	7	the	the	DET
cjfa-30366	377	8	phenomenon	phenomenon	NOUN
cjfa-30366	377	9	of	of	ADP
cjfa-30366	377	10	spikes	spike	NOUN
cjfa-30366	377	11	in	in	ADP
cjfa-30366	377	12	the	the	DET
cjfa-30366	377	13	futures	future	NOUN
cjfa-30366	377	14	segment	segment	NOUN
cjfa-30366	377	15	.	.	PUNCT
cjfa-30366	378	1	we	we	PRON
cjfa-30366	378	2	find	find	VERB
cjfa-30366	378	3	that	that	SCONJ
cjfa-30366	378	4	the	the	DET
cjfa-30366	378	5	market	market	NOUN
cjfa-30366	378	6	displays	display	VERB
cjfa-30366	378	7	over	over	ADP
cjfa-30366	378	8	reaction	reaction	NOUN
cjfa-30366	378	9	of	of	ADP
cjfa-30366	378	10	players	player	NOUN
cjfa-30366	378	11	on	on	ADP
cjfa-30366	378	12	the	the	DET
cjfa-30366	378	13	date	date	NOUN
cjfa-30366	378	14	of	of	ADP
cjfa-30366	378	15	expiry1	expiry1	NOUN
cjfa-30366	378	16	of	of	ADP
cjfa-30366	378	17	index	index	NOUN
cjfa-30366	378	18	futures	future	NOUN
cjfa-30366	378	19	.	.	PUNCT
cjfa-30366	379	1	the	the	DET
cjfa-30366	379	2	spikes	spike	NOUN
cjfa-30366	379	3	are	be	AUX
cjfa-30366	379	4	also	also	ADV
cjfa-30366	379	5	observable	observable	ADJ
cjfa-30366	379	6	one	one	NUM
cjfa-30366	379	7	day	day	NOUN
cjfa-30366	379	8	ahead	ahead	ADV
cjfa-30366	379	9	of	of	ADP
cjfa-30366	379	10	the	the	DET
cjfa-30366	379	11	day	day	NOUN
cjfa-30366	379	12	of	of	ADP
cjfa-30366	379	13	expiry	expiry	NOUN
cjfa-30366	379	14	(	(	PUNCT
cjfa-30366	379	15	wednesdays	wednesday	NOUN
cjfa-30366	379	16	)	)	PUNCT
cjfa-30366	379	17	.	.	PUNCT
cjfa-30366	380	1	table	table	NOUN
cjfa-30366	380	2	5	5	NUM
cjfa-30366	380	3	.	.	PUNCT
cjfa-30366	380	4	nifty	nifty	ADJ
cjfa-30366	380	5	index	index	NOUN
cjfa-30366	380	6	futures	future	NOUN
cjfa-30366	380	7	volatility	volatility	NOUN
cjfa-30366	380	8	against	against	ADP
cjfa-30366	380	9	matching	match	VERB
cjfa-30366	380	10	pre	pre	ADJ
cjfa-30366	380	11	-	-	ADJ
cjfa-30366	380	12	market	market	ADJ
cjfa-30366	380	13	dates	date	VERB
cjfa-30366	380	14	trading	trading	NOUN
cjfa-30366	380	15	date	date	NOUN
cjfa-30366	380	16	number	number	NOUN
cjfa-30366	380	17	of	of	ADP
cjfa-30366	380	18	contracts	contract	NOUN
cjfa-30366	380	19	nearest	nearest	VERB
cjfa-30366	380	20	expiry	expiry	NOUN
cjfa-30366	380	21	date	date	NOUN
cjfa-30366	380	22	futures	future	NOUN
cjfa-30366	380	23	daily	daily	ADV
cjfa-30366	380	24	volatility+	volatility+	X
cjfa-30366	380	25	pre	pre	ADJ
cjfa-30366	380	26	-	-	ADJ
cjfa-30366	380	27	open	open	ADJ
cjfa-30366	380	28	auction	auction	NOUN
cjfa-30366	380	29	date	date	NOUN
cjfa-30366	380	30	number	number	NOUN
cjfa-30366	380	31	of	of	ADP
cjfa-30366	380	32	pre	pre	ADJ
cjfa-30366	380	33	-	-	ADJ
cjfa-30366	380	34	market	market	ADJ
cjfa-30366	380	35	trades	trade	NOUN
cjfa-30366	380	36	pre	pre	ADJ
cjfa-30366	380	37	-	-	ADJ
cjfa-30366	380	38	market	market	ADJ
cjfa-30366	380	39	order	order	NOUN
cjfa-30366	380	40	imbalance	imbalance	NOUN
cjfa-30366	380	41	in	in	ADP
cjfa-30366	380	42	pre	pre	ADJ
cjfa-30366	380	43	-	-	ADJ
cjfa-30366	380	44	open	open	ADJ
cjfa-30366	380	45	auction	auction	NOUN
cjfa-30366	380	46	23	23	NUM
cjfa-30366	380	47	-	-	SYM
cjfa-30366	380	48	apr-13	apr-13	PRON
cjfa-30366	380	49	(	(	PUNCT
cjfa-30366	380	50	wednesday	wednesday	PROPN
cjfa-30366	380	51	)	)	PUNCT
cjfa-30366	380	52	410,634	410,634	NUM
cjfa-30366	380	53	25	25	NUM
cjfa-30366	380	54	-	-	PUNCT
cjfa-30366	380	55	apr-13	apr-13	NUM
cjfa-30366	380	56	0.0100	0.0100	NUM
cjfa-30366	380	57	4/23/2013	4/23/2013	NUM
cjfa-30366	380	58	16,078	16,078	NUM
cjfa-30366	380	59	75,606	75,606	NUM
cjfa-30366	380	60	25	25	NUM
cjfa-30366	380	61	-	-	PUNCT
cjfa-30366	380	62	apr-13	apr-13	PRON
cjfa-30366	380	63	(	(	PUNCT
cjfa-30366	380	64	thursday	thursday	PROPN
cjfa-30366	380	65	)	)	PUNCT
cjfa-30366	380	66	602,387	602,387	NUM
cjfa-30366	380	67	25	25	NUM
cjfa-30366	380	68	-	-	PUNCT
cjfa-30366	380	69	apr-13	apr-13	NUM
cjfa-30366	380	70	0.0102	0.0102	NUM
cjfa-30366	380	71	4/25/2013	4/25/2013	NUM
cjfa-30366	380	72	59,373	59,373	NUM
cjfa-30366	380	73	62,886	62,886	NUM
cjfa-30366	380	74	30	30	NUM
cjfa-30366	380	75	-	-	SYM
cjfa-30366	380	76	apr-13	apr-13	NUM
cjfa-30366	380	77	(	(	PUNCT
cjfa-30366	380	78	wednesday	wednesday	PROPN
cjfa-30366	380	79	)	)	PUNCT
cjfa-30366	380	80	430,430	430,430	NUM
cjfa-30366	380	81	30	30	NUM
cjfa-30366	380	82	-	-	PUNCT
cjfa-30366	380	83	may-13	may-13	NUM
cjfa-30366	380	84	0.0094	0.0094	NUM
cjfa-30366	380	85	04/30/2013	04/30/2013	NUM
cjfa-30366	381	1	n.a	n.a	PROPN
cjfa-30366	381	2	.	.	PROPN
cjfa-30366	381	3	63,679	63,679	NUM
cjfa-30366	381	4	29	29	NUM
cjfa-30366	381	5	-	-	PUNCT
cjfa-30366	381	6	may-13	may-13	NUM
cjfa-30366	381	7	(	(	PUNCT
cjfa-30366	381	8	wednesday	wednesday	PROPN
cjfa-30366	381	9	)	)	PUNCT
cjfa-30366	381	10	350,560	350,560	NUM
cjfa-30366	381	11	30	30	NUM
cjfa-30366	381	12	-	-	PUNCT
cjfa-30366	381	13	may-13	may-13	NUM
cjfa-30366	381	14	0.0107	0.0107	NUM
cjfa-30366	381	15	5/29/2013	5/29/2013	NUM
cjfa-30366	381	16	27,272	27,272	NUM
cjfa-30366	381	17	84,403	84,403	NUM
cjfa-30366	381	18	30	30	NUM
cjfa-30366	381	19	-	-	PUNCT
cjfa-30366	381	20	may-13	may-13	NUM
cjfa-30366	381	21	(	(	PUNCT
cjfa-30366	381	22	thursday	thursday	PROPN
cjfa-30366	381	23	)	)	PUNCT
cjfa-30366	381	24	533,435	533,435	NUM
cjfa-30366	381	25	30	30	NUM
cjfa-30366	381	26	-	-	PUNCT
cjfa-30366	381	27	may-13	may-13	NUM
cjfa-30366	381	28	0.0105	0.0105	NUM
cjfa-30366	381	29	5/30/2013	5/30/2013	NUM
cjfa-30366	381	30	15,047	15,047	NUM
cjfa-30366	381	31	69,584	69,584	NUM
cjfa-30366	381	32	16	16	NUM
cjfa-30366	381	33	-	-	SYM
cjfa-30366	381	34	aug-13	aug-13	NUM
cjfa-30366	381	35	(	(	PUNCT
cjfa-30366	381	36	friday	friday	PROPN
cjfa-30366	381	37	)	)	PUNCT
cjfa-30366	381	38	338,425	338,425	NUM
cjfa-30366	381	39	29	29	NUM
cjfa-30366	381	40	-	-	SYM
cjfa-30366	381	41	aug-13	aug-13	NUM
cjfa-30366	381	42	0.0151	0.0151	NUM
cjfa-30366	381	43	8/16/2013	8/16/2013	PROPN
cjfa-30366	381	44	n.a	n.a	PROPN
cjfa-30366	381	45	.	.	PROPN
cjfa-30366	381	46	376,380	376,380	NUM
cjfa-30366	381	47	28	28	NUM
cjfa-30366	381	48	-	-	SYM
cjfa-30366	381	49	aug-13	aug-13	NUM
cjfa-30366	381	50	(	(	PUNCT
cjfa-30366	381	51	wednesday	wednesday	PROPN
cjfa-30366	381	52	)	)	PUNCT
cjfa-30366	381	53	883,258	883,258	NUM
cjfa-30366	381	54	29	29	NUM
cjfa-30366	381	55	-	-	SYM
cjfa-30366	381	56	aug-13	aug-13	NUM
cjfa-30366	381	57	0.0161	0.0161	NUM
cjfa-30366	381	58	8/29/2013	8/29/2013	NUM
cjfa-30366	381	59	10,504	10,504	NUM
cjfa-30366	381	60	442,518	442,518	NUM
cjfa-30366	381	61	29	29	NUM
cjfa-30366	381	62	-	-	SYM
cjfa-30366	381	63	aug-13	aug-13	NUM
cjfa-30366	381	64	(	(	PUNCT
cjfa-30366	381	65	thursday	thursday	PROPN
cjfa-30366	381	66	)	)	PUNCT
cjfa-30366	381	67	876,965	876,965	NUM
cjfa-30366	381	68	25	25	NUM
cjfa-30366	381	69	-	-	PUNCT
cjfa-30366	381	70	sep-13	sep-13	NOUN
cjfa-30366	381	71	0.0166	0.0166	NUM
cjfa-30366	381	72	9/25/2013	9/25/2013	NUM
cjfa-30366	381	73	9,811	9,811	NUM
cjfa-30366	381	74	82,712	82,712	NUM
cjfa-30366	381	75	19	19	NUM
cjfa-30366	381	76	-	-	PUNCT
cjfa-30366	381	77	sep-13	sep-13	NUM
cjfa-30366	381	78	(	(	PUNCT
cjfa-30366	381	79	thursday	thursday	PROPN
cjfa-30366	381	80	)	)	PUNCT
cjfa-30366	381	81	413,400	413,400	NUM
cjfa-30366	381	82	26	26	NUM
cjfa-30366	381	83	-	-	PUNCT
cjfa-30366	381	84	sep-13	sep-13	ADP
cjfa-30366	381	85	0.01900	0.01900	NUM
cjfa-30366	381	86	9/19/2013	9/19/2013	NUM
cjfa-30366	381	87	n.a	n.a	PROPN
cjfa-30366	381	88	.	.	PROPN
cjfa-30366	381	89	45,175	45,175	NUM
cjfa-30366	381	90	1	1	NUM
cjfa-30366	381	91	 	 	SPACE
cjfa-30366	381	92	normally	normally	ADV
cjfa-30366	381	93	,	,	PUNCT
cjfa-30366	381	94	the	the	DET
cjfa-30366	381	95	expiry	expiry	NOUN
cjfa-30366	381	96	date	date	NOUN
cjfa-30366	381	97	is	be	AUX
cjfa-30366	381	98	the	the	DET
cjfa-30366	381	99	last	last	ADJ
cjfa-30366	381	100	thursday	thursday	NOUN
cjfa-30366	381	101	of	of	ADP
cjfa-30366	381	102	each	each	DET
cjfa-30366	381	103	month	month	NOUN
cjfa-30366	381	104	unless	unless	SCONJ
cjfa-30366	381	105	it	it	PRON
cjfa-30366	381	106	is	be	AUX
cjfa-30366	381	107	a	a	DET
cjfa-30366	381	108	holiday	holiday	NOUN
cjfa-30366	381	109	,	,	PUNCT
cjfa-30366	381	110	nse	nse	NOUN
cjfa-30366	381	111	.	.	PUNCT
cjfa-30366	382	1	information	information	NOUN
cjfa-30366	382	2	content	content	NOUN
cjfa-30366	382	3	of	of	ADP
cjfa-30366	382	4	stocks	stock	NOUN
cjfa-30366	382	5	in	in	ADP
cjfa-30366	382	6	call	call	NOUN
cjfa-30366	382	7	auction	auction	NOUN
cjfa-30366	382	8	…	…	PUNCT
cjfa-30366	382	9	129	129	NUM
cjfa-30366	382	10	trading	trading	NOUN
cjfa-30366	382	11	date	date	NOUN
cjfa-30366	382	12	number	number	NOUN
cjfa-30366	382	13	of	of	ADP
cjfa-30366	382	14	contracts	contract	NOUN
cjfa-30366	382	15	nearest	nearest	VERB
cjfa-30366	382	16	expiry	expiry	NOUN
cjfa-30366	382	17	date	date	NOUN
cjfa-30366	382	18	futures	future	NOUN
cjfa-30366	382	19	daily	daily	ADV
cjfa-30366	382	20	volatility+	volatility+	X
cjfa-30366	382	21	pre	pre	ADJ
cjfa-30366	382	22	-	-	ADJ
cjfa-30366	382	23	open	open	ADJ
cjfa-30366	382	24	auction	auction	NOUN
cjfa-30366	382	25	date	date	NOUN
cjfa-30366	382	26	number	number	NOUN
cjfa-30366	382	27	of	of	ADP
cjfa-30366	382	28	pre	pre	ADJ
cjfa-30366	382	29	-	-	ADJ
cjfa-30366	382	30	market	market	ADJ
cjfa-30366	382	31	trades	trade	NOUN
cjfa-30366	382	32	pre	pre	ADJ
cjfa-30366	382	33	-	-	ADJ
cjfa-30366	382	34	market	market	ADJ
cjfa-30366	382	35	order	order	NOUN
cjfa-30366	382	36	imbalance	imbalance	NOUN
cjfa-30366	382	37	in	in	ADP
cjfa-30366	382	38	pre	pre	ADJ
cjfa-30366	382	39	-	-	ADJ
cjfa-30366	382	40	open	open	ADJ
cjfa-30366	382	41	auction	auction	NOUN
cjfa-30366	382	42	25	25	NUM
cjfa-30366	382	43	-	-	PUNCT
cjfa-30366	382	44	sep-13	sep-13	NUM
cjfa-30366	382	45	(	(	PUNCT
cjfa-30366	382	46	wednesday	wednesday	PROPN
cjfa-30366	382	47	)	)	PUNCT
cjfa-30366	382	48	526,516	526,516	NUM
cjfa-30366	382	49	26	26	NUM
cjfa-30366	382	50	-	-	PUNCT
cjfa-30366	382	51	sep-13	sep-13	ADP
cjfa-30366	382	52	0.0179	0.0179	NUM
cjfa-30366	382	53	9/26/2013	9/26/2013	NUM
cjfa-30366	382	54	1,36,466	1,36,466	NUM
cjfa-30366	382	55	76,117	76,117	NUM
cjfa-30366	382	56	n	n	NUM
cjfa-30366	382	57	o	o	NOUN
cjfa-30366	382	58	t	t	NOUN
cjfa-30366	382	59	e	e	NOUN
cjfa-30366	382	60	:	:	PUNCT
cjfa-30366	382	61	on	on	ADP
cjfa-30366	382	62	days	day	NOUN
cjfa-30366	382	63	of	of	ADP
cjfa-30366	382	64	settlement	settlement	NOUN
cjfa-30366	382	65	(	(	PUNCT
cjfa-30366	382	66	last	last	ADJ
cjfa-30366	382	67	thursday	thursday	PROPN
cjfa-30366	382	68	)	)	PUNCT
cjfa-30366	382	69	and	and	CCONJ
cjfa-30366	382	70	one	one	NUM
cjfa-30366	382	71	day	day	NOUN
cjfa-30366	382	72	before	before	ADP
cjfa-30366	382	73	the	the	DET
cjfa-30366	382	74	settlement	settlement	NOUN
cjfa-30366	382	75	(	(	PUNCT
cjfa-30366	382	76	wednesday	wednesday	PROPN
cjfa-30366	382	77	)	)	PUNCT
cjfa-30366	382	78	,	,	PUNCT
cjfa-30366	382	79	we	we	PRON
cjfa-30366	382	80	find	find	VERB
cjfa-30366	382	81	significant	significant	ADJ
cjfa-30366	382	82	activity	activity	NOUN
cjfa-30366	382	83	in	in	ADP
cjfa-30366	382	84	pre	pre	ADJ
cjfa-30366	382	85	-	-	ADJ
cjfa-30366	382	86	open	open	ADJ
cjfa-30366	382	87	session	session	NOUN
cjfa-30366	382	88	in	in	ADP
cjfa-30366	382	89	the	the	DET
cjfa-30366	382	90	form	form	NOUN
cjfa-30366	382	91	of	of	ADP
cjfa-30366	382	92	high	high	ADJ
cjfa-30366	382	93	traded	trade	VERB
cjfa-30366	382	94	volume	volume	NOUN
cjfa-30366	382	95	and	and	CCONJ
cjfa-30366	382	96	order	order	NOUN
cjfa-30366	382	97	imbalances	imbalance	NOUN
cjfa-30366	382	98	.	.	PUNCT
cjfa-30366	383	1	days	day	NOUN
cjfa-30366	383	2	which	which	PRON
cjfa-30366	383	3	are	be	AUX
cjfa-30366	383	4	not	not	PART
cjfa-30366	383	5	close	close	ADJ
cjfa-30366	383	6	to	to	ADP
cjfa-30366	383	7	days	day	NOUN
cjfa-30366	383	8	of	of	ADP
cjfa-30366	383	9	future	future	ADJ
cjfa-30366	383	10	settlement	settlement	NOUN
cjfa-30366	383	11	dates	date	NOUN
cjfa-30366	383	12	(	(	PUNCT
cjfa-30366	383	13	last	last	ADJ
cjfa-30366	383	14	thursdays	thursday	NOUN
cjfa-30366	383	15	)	)	PUNCT
cjfa-30366	383	16	,	,	PUNCT
cjfa-30366	383	17	the	the	DET
cjfa-30366	383	18	volume	volume	NOUN
cjfa-30366	383	19	imbalances	imbalance	NOUN
cjfa-30366	383	20	are	be	AUX
cjfa-30366	383	21	lower	low	ADJ
cjfa-30366	383	22	than	than	ADP
cjfa-30366	383	23	other	other	ADJ
cjfa-30366	383	24	days	day	NOUN
cjfa-30366	383	25	.	.	PUNCT
cjfa-30366	384	1	s	s	PART
cjfa-30366	384	2	o	o	X
cjfa-30366	384	3	u	u	NOUN
cjfa-30366	384	4	r	r	NOUN
cjfa-30366	384	5	c	c	NOUN
cjfa-30366	384	6	e	e	NOUN
cjfa-30366	384	7	:	:	PUNCT
cjfa-30366	384	8	author	author	NOUN
cjfa-30366	384	9	’s	’s	PART
cjfa-30366	384	10	compilation	compilation	NOUN
cjfa-30366	384	11	from	from	ADP
cjfa-30366	384	12	national	national	ADJ
cjfa-30366	384	13	stock	stock	PROPN
cjfa-30366	384	14	exchange	exchange	NOUN
cjfa-30366	384	15	,	,	PUNCT
cjfa-30366	384	16	2013	2013	NUM
cjfa-30366	384	17	.	.	PUNCT
cjfa-30366	385	1	further	far	ADV
cjfa-30366	385	2	we	we	PRON
cjfa-30366	385	3	find	find	VERB
cjfa-30366	385	4	higher	high	ADJ
cjfa-30366	385	5	trading	trading	NOUN
cjfa-30366	385	6	volume	volume	NOUN
cjfa-30366	385	7	during	during	ADP
cjfa-30366	385	8	pre	pre	ADJ
cjfa-30366	385	9	-	-	ADJ
cjfa-30366	385	10	opening	opening	ADJ
cjfa-30366	385	11	sessions	session	NOUN
cjfa-30366	385	12	on	on	ADP
cjfa-30366	385	13	these	these	DET
cjfa-30366	385	14	days	day	NOUN
cjfa-30366	385	15	as	as	ADP
cjfa-30366	385	16	compared	compare	VERB
cjfa-30366	385	17	to	to	ADP
cjfa-30366	385	18	other	other	ADJ
cjfa-30366	385	19	days	day	NOUN
cjfa-30366	385	20	.	.	PUNCT
cjfa-30366	386	1	we	we	PRON
cjfa-30366	386	2	also	also	ADV
cjfa-30366	386	3	find	find	VERB
cjfa-30366	386	4	higher	high	ADJ
cjfa-30366	386	5	volume	volume	NOUN
cjfa-30366	386	6	imbalance	imbalance	NOUN
cjfa-30366	386	7	on	on	ADP
cjfa-30366	386	8	days	day	NOUN
cjfa-30366	386	9	on	on	ADP
cjfa-30366	386	10	or	or	CCONJ
cjfa-30366	386	11	ahead	ahead	ADV
cjfa-30366	386	12	of	of	ADP
cjfa-30366	386	13	nifty	nifty	ADJ
cjfa-30366	386	14	futures	future	NOUN
cjfa-30366	386	15	expiry	expiry	NOUN
cjfa-30366	386	16	dates2	dates2	NOUN
cjfa-30366	386	17	.	.	PUNCT
cjfa-30366	387	1	for	for	ADP
cjfa-30366	387	2	example	example	NOUN
cjfa-30366	387	3	,	,	PUNCT
cjfa-30366	387	4	may	may	AUX
cjfa-30366	387	5	29th	29th	NOUN
cjfa-30366	387	6	,	,	PUNCT
cjfa-30366	387	7	nifty	nifty	ADJ
cjfa-30366	387	8	volatility	volatility	NOUN
cjfa-30366	387	9	is	be	AUX
cjfa-30366	387	10	0.107	0.107	NUM
cjfa-30366	387	11	which	which	PRON
cjfa-30366	387	12	is	be	AUX
cjfa-30366	387	13	higher	high	ADJ
cjfa-30366	387	14	than	than	ADP
cjfa-30366	387	15	april	april	PROPN
cjfa-30366	387	16	23rd	23rd	NOUN
cjfa-30366	387	17	,	,	PUNCT
cjfa-30366	387	18	and	and	CCONJ
cjfa-30366	387	19	so	so	ADV
cjfa-30366	387	20	also	also	ADV
cjfa-30366	387	21	on	on	ADP
cjfa-30366	387	22	august	august	PROPN
cjfa-30366	387	23	28th	28th	NOUN
cjfa-30366	387	24	and	and	CCONJ
cjfa-30366	387	25	august	august	PROPN
cjfa-30366	387	26	29th	29th	NOUN
cjfa-30366	387	27	of	of	ADP
cjfa-30366	387	28	2013	2013	NUM
cjfa-30366	387	29	.	.	PUNCT
cjfa-30366	388	1	these	these	DET
cjfa-30366	388	2	results	result	NOUN
cjfa-30366	388	3	reinforce	reinforce	VERB
cjfa-30366	388	4	our	our	PRON
cjfa-30366	388	5	confidence	confidence	NOUN
cjfa-30366	388	6	in	in	ADP
cjfa-30366	388	7	the	the	DET
cjfa-30366	388	8	analysis	analysis	NOUN
cjfa-30366	388	9	.	.	PUNCT
cjfa-30366	389	1	probably	probably	ADV
cjfa-30366	389	2	,	,	PUNCT
cjfa-30366	389	3	one	one	NUM
cjfa-30366	389	4	way	way	NOUN
cjfa-30366	389	5	to	to	PART
cjfa-30366	389	6	curtail	curtail	VERB
cjfa-30366	389	7	volatility	volatility	NOUN
cjfa-30366	389	8	could	could	AUX
cjfa-30366	389	9	be	be	AUX
cjfa-30366	389	10	a	a	DET
cjfa-30366	389	11	separate	separate	ADJ
cjfa-30366	389	12	pre	pre	ADJ
cjfa-30366	389	13	-	-	ADJ
cjfa-30366	389	14	opening	opening	ADJ
cjfa-30366	389	15	auction	auction	NOUN
cjfa-30366	389	16	for	for	ADP
cjfa-30366	389	17	futures	future	NOUN
cjfa-30366	389	18	.	.	PUNCT
cjfa-30366	389	19	 	 	SPACE
cjfa-30366	390	1	conclusions	conclusion	NOUN
cjfa-30366	390	2	overall	overall	ADV
cjfa-30366	390	3	,	,	PUNCT
cjfa-30366	390	4	we	we	PRON
cjfa-30366	390	5	conclude	conclude	VERB
cjfa-30366	390	6	with	with	ADP
cjfa-30366	390	7	our	our	PRON
cjfa-30366	390	8	findings	finding	NOUN
cjfa-30366	390	9	on	on	ADP
cjfa-30366	390	10	the	the	DET
cjfa-30366	390	11	lower	low	ADJ
cjfa-30366	390	12	average	average	ADJ
cjfa-30366	390	13	spin	spin	NOUN
cjfa-30366	390	14	value	value	NOUN
cjfa-30366	390	15	of	of	ADP
cjfa-30366	390	16	0.45	0.45	NUM
cjfa-30366	390	17	for	for	ADP
cjfa-30366	390	18	the	the	DET
cjfa-30366	390	19	market	market	NOUN
cjfa-30366	390	20	which	which	PRON
cjfa-30366	390	21	is	be	AUX
cjfa-30366	390	22	due	due	ADJ
cjfa-30366	390	23	to	to	ADP
cjfa-30366	390	24	shorter	short	ADJ
cjfa-30366	390	25	duration	duration	NOUN
cjfa-30366	390	26	of	of	ADP
cjfa-30366	390	27	the	the	DET
cjfa-30366	390	28	auction	auction	NOUN
cjfa-30366	390	29	and	and	CCONJ
cjfa-30366	390	30	also	also	ADV
cjfa-30366	390	31	lower	low	ADJ
cjfa-30366	390	32	liquidity	liquidity	NOUN
cjfa-30366	390	33	.	.	PUNCT
cjfa-30366	391	1	therefore	therefore	ADV
cjfa-30366	391	2	,	,	PUNCT
cjfa-30366	391	3	a	a	DET
cjfa-30366	391	4	longer	long	ADJ
cjfa-30366	391	5	duration	duration	NOUN
cjfa-30366	391	6	of	of	ADP
cjfa-30366	391	7	auction	auction	NOUN
cjfa-30366	391	8	(	(	PUNCT
cjfa-30366	391	9	pagano	pagano	PROPN
cjfa-30366	391	10	&	&	CCONJ
cjfa-30366	391	11	schwartz	schwartz	PROPN
cjfa-30366	391	12	,	,	PUNCT
cjfa-30366	391	13	2003	2003	NUM
cjfa-30366	391	14	)	)	PUNCT
cjfa-30366	391	15	could	could	AUX
cjfa-30366	391	16	lead	lead	VERB
cjfa-30366	391	17	to	to	ADP
cjfa-30366	391	18	better	well	ADJ
cjfa-30366	391	19	discovery	discovery	NOUN
cjfa-30366	391	20	and	and	CCONJ
cjfa-30366	391	21	lower	low	ADJ
cjfa-30366	391	22	volatility	volatility	NOUN
cjfa-30366	391	23	.	.	PUNCT
cjfa-30366	392	1	euronext	euronext	PROPN
cjfa-30366	392	2	paris	paris	PROPN
cjfa-30366	392	3	already	already	ADV
cjfa-30366	392	4	incorporates	incorporate	VERB
cjfa-30366	392	5	order	order	NOUN
cjfa-30366	392	6	imbalance	imbalance	NOUN
cjfa-30366	392	7	in	in	ADP
cjfa-30366	392	8	its	its	PRON
cjfa-30366	392	9	call	call	NOUN
cjfa-30366	392	10	auction	auction	NOUN
cjfa-30366	392	11	summary	summary	NOUN
cjfa-30366	392	12	that	that	PRON
cjfa-30366	392	13	allows	allow	VERB
cjfa-30366	392	14	market	market	NOUN
cjfa-30366	392	15	makers	maker	NOUN
cjfa-30366	392	16	to	to	PART
cjfa-30366	392	17	remain	remain	VERB
cjfa-30366	392	18	active	active	ADJ
cjfa-30366	392	19	.	.	PUNCT
cjfa-30366	393	1	our	our	PRON
cjfa-30366	393	2	results	result	NOUN
cjfa-30366	393	3	are	be	AUX
cjfa-30366	393	4	in	in	ADP
cjfa-30366	393	5	consonance	consonance	NOUN
cjfa-30366	393	6	with	with	ADP
cjfa-30366	393	7	previous	previous	ADJ
cjfa-30366	393	8	findings	finding	NOUN
cjfa-30366	393	9	with	with	ADP
cjfa-30366	393	10	respect	respect	NOUN
cjfa-30366	393	11	to	to	ADP
cjfa-30366	393	12	regional	regional	ADJ
cjfa-30366	393	13	exchanges	exchange	NOUN
cjfa-30366	393	14	(	(	PUNCT
cjfa-30366	393	15	e.g.	e.g.	ADV
cjfa-30366	393	16	,	,	PUNCT
cjfa-30366	393	17	nse	nse	NOUN
cjfa-30366	393	18	)	)	PUNCT
cjfa-30366	393	19	,	,	PUNCT
cjfa-30366	393	20	namely	namely	ADV
cjfa-30366	393	21	,	,	PUNCT
cjfa-30366	393	22	bacidore	bacidore	NOUN
cjfa-30366	393	23	et	et	PROPN
cjfa-30366	393	24	al	al	PROPN
cjfa-30366	393	25	.	.	PROPN
cjfa-30366	394	1	(	(	PUNCT
cjfa-30366	394	2	2012	2012	NUM
cjfa-30366	394	3	)	)	PUNCT
cjfa-30366	394	4	who	who	PRON
cjfa-30366	394	5	established	establish	VERB
cjfa-30366	394	6	that	that	DET
cjfa-30366	394	7	volume	volume	NOUN
cjfa-30366	394	8	imbalance	imbalance	NOUN
cjfa-30366	394	9	during	during	ADP
cjfa-30366	394	10	pre	pre	ADJ
cjfa-30366	394	11	-	-	ADJ
cjfa-30366	394	12	open	open	ADJ
cjfa-30366	394	13	auction	auction	NOUN
cjfa-30366	394	14	led	lead	VERB
cjfa-30366	394	15	to	to	ADP
cjfa-30366	394	16	enhanced	enhanced	ADJ
cjfa-30366	394	17	volatility	volatility	NOUN
cjfa-30366	394	18	.	.	PUNCT
cjfa-30366	395	1	kehr	kehr	NOUN
cjfa-30366	395	2	,	,	PUNCT
cjfa-30366	395	3	krahnen	krahnen	PROPN
cjfa-30366	395	4	and	and	CCONJ
cjfa-30366	395	5	theissen	theissen	PROPN
cjfa-30366	395	6	(	(	PUNCT
cjfa-30366	395	7	2001	2001	NUM
cjfa-30366	395	8	)	)	PUNCT
cjfa-30366	395	9	concluded	conclude	VERB
cjfa-30366	395	10	that	that	SCONJ
cjfa-30366	395	11	intervention	intervention	NOUN
cjfa-30366	395	12	in	in	ADP
cjfa-30366	395	13	the	the	DET
cjfa-30366	395	14	auction	auction	NOUN
cjfa-30366	395	15	could	could	AUX
cjfa-30366	395	16	enhance	enhance	VERB
cjfa-30366	395	17	order	order	NOUN
cjfa-30366	395	18	flow	flow	NOUN
cjfa-30366	395	19	,	,	PUNCT
cjfa-30366	395	20	reduce	reduce	VERB
cjfa-30366	395	21	volatility	volatility	NOUN
cjfa-30366	395	22	and	and	CCONJ
cjfa-30366	395	23	increase	increase	VERB
cjfa-30366	395	24	price	price	NOUN
cjfa-30366	395	25	efficiency	efficiency	NOUN
cjfa-30366	395	26	.	.	PUNCT
cjfa-30366	396	1	2	2	NUM
cjfa-30366	396	2	 	 	SPACE
cjfa-30366	396	3	for	for	ADP
cjfa-30366	396	4	dates	date	NOUN
cjfa-30366	396	5	away	away	ADV
cjfa-30366	396	6	from	from	ADP
cjfa-30366	396	7	the	the	DET
cjfa-30366	396	8	expiry	expiry	NOUN
cjfa-30366	396	9	dates	date	NOUN
cjfa-30366	396	10	,	,	PUNCT
cjfa-30366	396	11	which	which	PRON
cjfa-30366	396	12	are	be	AUX
cjfa-30366	396	13	not	not	PART
cjfa-30366	396	14	the	the	DET
cjfa-30366	396	15	last	last	ADJ
cjfa-30366	396	16	thursdays	thursday	NOUN
cjfa-30366	396	17	of	of	ADP
cjfa-30366	396	18	the	the	DET
cjfa-30366	396	19	month	month	NOUN
cjfa-30366	396	20	,	,	PUNCT
cjfa-30366	396	21	the	the	DET
cjfa-30366	396	22	volume	volume	NOUN
cjfa-30366	396	23	imbalances	imbalance	NOUN
cjfa-30366	396	24	are	be	AUX
cjfa-30366	396	25	much	much	ADV
cjfa-30366	396	26	lower	low	ADJ
cjfa-30366	396	27	.	.	PUNCT
cjfa-30366	397	1	table	table	NOUN
cjfa-30366	397	2	5	5	NUM
cjfa-30366	397	3	.	.	PUNCT
cjfa-30366	397	4	nifty	nifty	ADJ
cjfa-30366	397	5	…	…	PUNCT
cjfa-30366	397	6	dinabandhu	dinabandhu	NOUN
cjfa-30366	397	7	bag130	bag130	NOUN
cjfa-30366	397	8	this	this	DET
cjfa-30366	397	9	study	study	NOUN
cjfa-30366	397	10	covered	cover	VERB
cjfa-30366	397	11	to	to	PART
cjfa-30366	397	12	envisage	envisage	VERB
cjfa-30366	397	13	information	information	NOUN
cjfa-30366	397	14	content	content	NOUN
cjfa-30366	397	15	of	of	ADP
cjfa-30366	397	16	the	the	DET
cjfa-30366	397	17	short	short	ADJ
cjfa-30366	397	18	duration	duration	NOUN
cjfa-30366	397	19	pre	pre	ADJ
cjfa-30366	397	20	-	-	ADJ
cjfa-30366	397	21	opening	opening	ADJ
cjfa-30366	397	22	session	session	NOUN
cjfa-30366	397	23	.	.	PUNCT
cjfa-30366	398	1	call	call	NOUN
cjfa-30366	398	2	auctions	auction	NOUN
cjfa-30366	398	3	have	have	AUX
cjfa-30366	398	4	drawn	draw	VERB
cjfa-30366	398	5	worldwide	worldwide	ADJ
cjfa-30366	398	6	attention	attention	NOUN
cjfa-30366	398	7	across	across	ADP
cjfa-30366	398	8	exchanges	exchange	NOUN
cjfa-30366	398	9	and	and	CCONJ
cjfa-30366	398	10	have	have	AUX
cjfa-30366	398	11	been	be	AUX
cjfa-30366	398	12	implemented	implement	VERB
cjfa-30366	398	13	successfully	successfully	ADV
cjfa-30366	398	14	.	.	PUNCT
cjfa-30366	399	1	we	we	PRON
cjfa-30366	399	2	demonstrated	demonstrate	VERB
cjfa-30366	399	3	few	few	ADJ
cjfa-30366	399	4	significant	significant	ADJ
cjfa-30366	399	5	empirical	empirical	ADJ
cjfa-30366	399	6	issues	issue	NOUN
cjfa-30366	399	7	in	in	ADP
cjfa-30366	399	8	relation	relation	NOUN
cjfa-30366	399	9	to	to	ADP
cjfa-30366	399	10	the	the	DET
cjfa-30366	399	11	impact	impact	NOUN
cjfa-30366	399	12	,	,	PUNCT
cjfa-30366	399	13	mainly	mainly	ADV
cjfa-30366	399	14	the	the	DET
cjfa-30366	399	15	order	order	NOUN
cjfa-30366	399	16	imbalance	imbalance	NOUN
cjfa-30366	399	17	effect	effect	NOUN
cjfa-30366	399	18	,	,	PUNCT
cjfa-30366	399	19	increased	increase	VERB
cjfa-30366	399	20	volatility	volatility	NOUN
cjfa-30366	399	21	in	in	ADP
cjfa-30366	399	22	the	the	DET
cjfa-30366	399	23	normal	normal	ADJ
cjfa-30366	399	24	market	market	NOUN
cjfa-30366	399	25	.	.	PUNCT
cjfa-30366	400	1	the	the	DET
cjfa-30366	400	2	reliable	reliable	ADJ
cjfa-30366	400	3	measures	measure	NOUN
cjfa-30366	400	4	of	of	ADP
cjfa-30366	400	5	spin	spin	NOUN
cjfa-30366	400	6	developed	develop	VERB
cjfa-30366	400	7	by	by	ADP
cjfa-30366	400	8	us	we	PRON
cjfa-30366	400	9	is	be	AUX
cjfa-30366	400	10	much	much	ADV
cjfa-30366	400	11	simpler	simple	ADJ
cjfa-30366	400	12	to	to	PART
cjfa-30366	400	13	implement	implement	VERB
cjfa-30366	400	14	as	as	ADP
cjfa-30366	400	15	compared	compare	VERB
cjfa-30366	400	16	to	to	ADP
cjfa-30366	400	17	both	both	DET
cjfa-30366	400	18	the	the	DET
cjfa-30366	400	19	vpin3	vpin3	NOUN
cjfa-30366	400	20	and	and	CCONJ
cjfa-30366	400	21	pin	pin	NOUN
cjfa-30366	400	22	which	which	PRON
cjfa-30366	400	23	are	be	AUX
cjfa-30366	400	24	applied	apply	VERB
cjfa-30366	400	25	to	to	ADP
cjfa-30366	400	26	situations	situation	NOUN
cjfa-30366	400	27	of	of	ADP
cjfa-30366	400	28	discrete	discrete	ADJ
cjfa-30366	400	29	prices	price	NOUN
cjfa-30366	400	30	such	such	ADJ
cjfa-30366	400	31	as	as	ADP
cjfa-30366	400	32	the	the	DET
cjfa-30366	400	33	pre	pre	ADJ
cjfa-30366	400	34	-	-	ADJ
cjfa-30366	400	35	opening	opening	ADJ
cjfa-30366	400	36	call	call	NOUN
cjfa-30366	400	37	.	.	PUNCT
cjfa-30366	401	1	there	there	PRON
cjfa-30366	401	2	are	be	VERB
cjfa-30366	401	3	few	few	ADJ
cjfa-30366	401	4	questions	question	NOUN
cjfa-30366	401	5	that	that	PRON
cjfa-30366	401	6	emerge	emerge	VERB
cjfa-30366	401	7	from	from	ADP
cjfa-30366	401	8	this	this	DET
cjfa-30366	401	9	analysis	analysis	NOUN
cjfa-30366	401	10	,	,	PUNCT
cjfa-30366	401	11	which	which	PRON
cjfa-30366	401	12	are	be	AUX
cjfa-30366	401	13	interesting	interesting	ADJ
cjfa-30366	401	14	to	to	PART
cjfa-30366	401	15	verify	verify	VERB
cjfa-30366	401	16	,	,	PUNCT
cjfa-30366	401	17	such	such	ADJ
cjfa-30366	401	18	as	as	ADP
cjfa-30366	401	19	,	,	PUNCT
cjfa-30366	401	20	a	a	DET
cjfa-30366	401	21	large	large	ADJ
cjfa-30366	401	22	number	number	NOUN
cjfa-30366	401	23	of	of	ADP
cjfa-30366	401	24	non	non	ADJ
cjfa-30366	401	25	-nifty	-nifty	PROPN
cjfa-30366	401	26	tickers	ticker	NOUN
cjfa-30366	401	27	are	be	AUX
cjfa-30366	401	28	not	not	PART
cjfa-30366	401	29	traded	trade	VERB
cjfa-30366	401	30	during	during	ADP
cjfa-30366	401	31	pre	pre	ADJ
cjfa-30366	401	32	opening	opening	NOUN
cjfa-30366	401	33	.	.	PUNCT
cjfa-30366	402	1	similarly	similarly	ADV
cjfa-30366	402	2	,	,	PUNCT
cjfa-30366	402	3	the	the	DET
cjfa-30366	402	4	duration	duration	NOUN
cjfa-30366	402	5	of	of	ADP
cjfa-30366	402	6	the	the	DET
cjfa-30366	402	7	auction	auction	NOUN
cjfa-30366	402	8	plays	play	VERB
cjfa-30366	402	9	a	a	DET
cjfa-30366	402	10	big	big	ADJ
cjfa-30366	402	11	role	role	NOUN
cjfa-30366	402	12	since	since	SCONJ
cjfa-30366	402	13	a	a	DET
cjfa-30366	402	14	longer	long	ADJ
cjfa-30366	402	15	duration	duration	NOUN
cjfa-30366	402	16	of	of	ADP
cjfa-30366	402	17	the	the	DET
cjfa-30366	402	18	pre	pre	ADJ
cjfa-30366	402	19	-	-	ADJ
cjfa-30366	402	20	opening	opening	ADJ
cjfa-30366	402	21	session	session	NOUN
cjfa-30366	402	22	from	from	ADP
cjfa-30366	402	23	7	7	NUM
cjfa-30366	402	24	minutes	minute	NOUN
cjfa-30366	402	25	will	will	AUX
cjfa-30366	402	26	also	also	ADV
cjfa-30366	402	27	allow	allow	VERB
cjfa-30366	402	28	more	more	ADJ
cjfa-30366	402	29	players	player	NOUN
cjfa-30366	402	30	to	to	PART
cjfa-30366	402	31	participate	participate	VERB
cjfa-30366	402	32	.	.	PUNCT
cjfa-30366	403	1	in	in	ADP
cjfa-30366	403	2	this	this	DET
cjfa-30366	403	3	study	study	NOUN
cjfa-30366	403	4	,	,	PUNCT
cjfa-30366	403	5	we	we	PRON
cjfa-30366	403	6	adopted	adopt	VERB
cjfa-30366	403	7	a	a	DET
cjfa-30366	403	8	simple	simple	ADJ
cjfa-30366	403	9	innovation	innovation	NOUN
cjfa-30366	403	10	to	to	ADP
cjfa-30366	403	11	the	the	DET
cjfa-30366	403	12	basic	basic	ADJ
cjfa-30366	403	13	pin	pin	NOUN
cjfa-30366	403	14	model	model	NOUN
cjfa-30366	403	15	to	to	PART
cjfa-30366	403	16	detect	detect	VERB
cjfa-30366	403	17	information	information	NOUN
cjfa-30366	403	18	content	content	NOUN
cjfa-30366	403	19	of	of	ADP
cjfa-30366	403	20	nse	nse	NOUN
cjfa-30366	403	21	pre	pre	NOUN
cjfa-30366	403	22	-	-	NOUN
cjfa-30366	403	23	market	market	NOUN
cjfa-30366	403	24	.	.	PUNCT
cjfa-30366	404	1	our	our	PRON
cjfa-30366	404	2	spin	spin	NOUN
cjfa-30366	404	3	measure	measure	NOUN
cjfa-30366	404	4	is	be	AUX
cjfa-30366	404	5	an	an	DET
cjfa-30366	404	6	approximation	approximation	NOUN
cjfa-30366	404	7	for	for	ADP
cjfa-30366	404	8	a	a	DET
cjfa-30366	404	9	discontinuous	discontinuous	ADJ
cjfa-30366	404	10	market	market	NOUN
cjfa-30366	404	11	which	which	PRON
cjfa-30366	404	12	may	may	AUX
cjfa-30366	404	13	not	not	PART
cjfa-30366	404	14	be	be	AUX
cjfa-30366	404	15	as	as	ADV
cjfa-30366	404	16	accurate	accurate	ADJ
cjfa-30366	404	17	as	as	ADP
cjfa-30366	404	18	a	a	DET
cjfa-30366	404	19	continuous	continuous	ADJ
cjfa-30366	404	20	market	market	NOUN
cjfa-30366	404	21	.	.	PUNCT
cjfa-30366	405	1	one	one	PRON
cjfa-30366	405	2	can	can	AUX
cjfa-30366	405	3	not	not	PART
cjfa-30366	405	4	use	use	VERB
cjfa-30366	405	5	spin	spin	NOUN
cjfa-30366	405	6	to	to	PART
cjfa-30366	405	7	foresee	foresee	VERB
cjfa-30366	405	8	flash	flash	NOUN
cjfa-30366	405	9	crashes	crash	NOUN
cjfa-30366	405	10	.	.	PUNCT
cjfa-30366	406	1	further	further	ADJ
cjfa-30366	406	2	research	research	NOUN
cjfa-30366	406	3	should	should	AUX
cjfa-30366	406	4	include	include	VERB
cjfa-30366	406	5	deeper	deep	ADJ
cjfa-30366	406	6	innovation	innovation	NOUN
cjfa-30366	406	7	of	of	ADP
cjfa-30366	406	8	pin	pin	NOUN
cjfa-30366	406	9	that	that	PRON
cjfa-30366	406	10	can	can	AUX
cjfa-30366	406	11	be	be	AUX
cjfa-30366	406	12	applied	apply	VERB
cjfa-30366	406	13	to	to	ADP
cjfa-30366	406	14	high	high	ADJ
cjfa-30366	406	15	frequency	frequency	NOUN
cjfa-30366	406	16	data	datum	NOUN
cjfa-30366	406	17	,	,	PUNCT
cjfa-30366	406	18	recent	recent	ADJ
cjfa-30366	406	19	period	period	NOUN
cjfa-30366	406	20	data	datum	NOUN
cjfa-30366	406	21	to	to	ADP
cjfa-30366	406	22	emerging	emerge	VERB
cjfa-30366	406	23	markets	market	NOUN
cjfa-30366	406	24	.	.	PUNCT
cjfa-30366	406	25	 	 	SPACE
cjfa-30366	407	1	references	reference	NOUN
cjfa-30366	407	2	abad	abad	PROPN
cjfa-30366	407	3	,	,	PUNCT
cjfa-30366	407	4	d.	d.	PROPN
cjfa-30366	407	5	,	,	PUNCT
cjfa-30366	407	6	massot	massot	NOUN
cjfa-30366	407	7	,	,	PUNCT
cjfa-30366	407	8	m.	m.	NOUN
cjfa-30366	407	9	,	,	PUNCT
cjfa-30366	407	10	&	&	CCONJ
cjfa-30366	407	11	pascual	pascual	PROPN
cjfa-30366	407	12	,	,	PUNCT
cjfa-30366	407	13	r.	r.	PROPN
cjfa-30366	407	14	(	(	PUNCT
cjfa-30366	407	15	2018	2018	NUM
cjfa-30366	407	16	)	)	PUNCT
cjfa-30366	407	17	.	.	PUNCT
cjfa-30366	408	1	evaluating	evaluate	VERB
cjfa-30366	408	2	vpin	vpin	ADJ
cjfa-30366	408	3	as	as	ADP
cjfa-30366	408	4	a	a	DET
cjfa-30366	408	5	trigger	trigger	NOUN
cjfa-30366	408	6	for	for	ADP
cjfa-30366	408	7	single	single	ADJ
cjfa-30366	408	8	-	-	PUNCT
cjfa-30366	408	9	stock	stock	NOUN
cjfa-30366	408	10	circuit	circuit	NOUN
cjfa-30366	408	11	breakers	breaker	NOUN
cjfa-30366	408	12	.	.	PUNCT
cjfa-30366	409	1	journal	journal	NOUN
cjfa-30366	409	2	of	of	ADP
cjfa-30366	409	3	banking	banking	NOUN
cjfa-30366	409	4	and	and	CCONJ
cjfa-30366	409	5	finance	finance	NOUN
cjfa-30366	409	6	,	,	PUNCT
cjfa-30366	409	7	86(c	86(c	NUM
cjfa-30366	409	8	)	)	PUNCT
cjfa-30366	409	9	,	,	PUNCT
cjfa-30366	409	10	21	21	NUM
cjfa-30366	409	11	-	-	SYM
cjfa-30366	409	12	36	36	NUM
cjfa-30366	409	13	.	.	PUNCT
cjfa-30366	410	1	acharya	acharya	PROPN
cjfa-30366	410	2	,	,	PUNCT
cjfa-30366	410	3	h.r	h.r	PROPN
cjfa-30366	410	4	.	.	PROPN
cjfa-30366	410	5	,	,	PUNCT
cjfa-30366	410	6	&	&	CCONJ
cjfa-30366	410	7	gaikwad	gaikwad	PROPN
cjfa-30366	410	8	,	,	PUNCT
cjfa-30366	410	9	v.	v.	PROPN
cjfa-30366	410	10	(	(	PUNCT
cjfa-30366	410	11	2014	2014	NUM
cjfa-30366	410	12	)	)	PUNCT
cjfa-30366	410	13	.	.	PUNCT
cjfa-30366	411	1	pre	pre	VERB
cjfa-30366	412	1	open	open	ADJ
cjfa-30366	412	2	call	call	NOUN
cjfa-30366	412	3	auction	auction	NOUN
cjfa-30366	412	4	and	and	CCONJ
cjfa-30366	412	5	price	price	NOUN
cjfa-30366	412	6	discovery	discovery	NOUN
cjfa-30366	412	7	:	:	PUNCT
cjfa-30366	412	8	evidence	evidence	NOUN
cjfa-30366	412	9	from	from	ADP
cjfa-30366	412	10	india	india	PROPN
cjfa-30366	412	11	.	.	PUNCT
cjfa-30366	413	1	cogent	cogent	NOUN
cjfa-30366	413	2	economics	economics	PROPN
cjfa-30366	413	3	&	&	CCONJ
cjfa-30366	413	4	finance	finance	PROPN
cjfa-30366	413	5	(	(	PUNCT
cjfa-30366	413	6	taylor	taylor	PROPN
cjfa-30366	413	7	and	and	CCONJ
cjfa-30366	413	8	francis	francis	PROPN
cjfa-30366	413	9	group	group	PROPN
cjfa-30366	413	10	)	)	PUNCT
cjfa-30366	413	11	,	,	PUNCT
cjfa-30366	413	12	2(1	2(1	NUM
cjfa-30366	413	13	)	)	PUNCT
cjfa-30366	413	14	.	.	PUNCT
cjfa-30366	414	1	http://dx.doi.org/10.1080/23322039.2014.944668	http://dx.doi.org/10.1080/23322039.2014.944668	PROPN
cjfa-30366	414	2	.	.	PROPN
cjfa-30366	414	3	agarwalla	agarwalla	PROPN
cjfa-30366	414	4	,	,	PUNCT
cjfa-30366	414	5	s.	s.	PROPN
cjfa-30366	414	6	,	,	PUNCT
cjfa-30366	414	7	&	&	CCONJ
cjfa-30366	414	8	pandey	pandey	PROPN
cjfa-30366	414	9	,	,	PUNCT
cjfa-30366	414	10	a.	a.	PROPN
cjfa-30366	414	11	(	(	PUNCT
cjfa-30366	414	12	2013	2013	NUM
cjfa-30366	414	13	)	)	PUNCT
cjfa-30366	414	14	.	.	PUNCT
cjfa-30366	415	1	expiration	expiration	NOUN
cjfa-30366	415	2	day	day	NOUN
cjfa-30366	415	3	effects	effect	NOUN
cjfa-30366	415	4	and	and	CCONJ
cjfa-30366	415	5	the	the	DET
cjfa-30366	415	6	impact	impact	NOUN
cjfa-30366	415	7	of	of	ADP
cjfa-30366	415	8	short	short	ADJ
cjfa-30366	415	9	trading	trading	NOUN
cjfa-30366	415	10	breaks	break	NOUN
cjfa-30366	415	11	on	on	ADP
cjfa-30366	415	12	intraday	intraday	NOUN
cjfa-30366	415	13	volatility	volatility	NOUN
cjfa-30366	415	14	:	:	PUNCT
cjfa-30366	415	15	evidence	evidence	NOUN
cjfa-30366	415	16	from	from	ADP
cjfa-30366	415	17	the	the	DET
cjfa-30366	415	18	indian	indian	ADJ
cjfa-30366	415	19	market	market	NOUN
cjfa-30366	415	20	.	.	PUNCT
cjfa-30366	416	1	journal	journal	PROPN
cjfa-30366	416	2	of	of	ADP
cjfa-30366	416	3	futures	future	NOUN
cjfa-30366	416	4	markets	market	NOUN
cjfa-30366	416	5	,	,	PUNCT
cjfa-30366	416	6	33(11	33(11	NUM
cjfa-30366	416	7	)	)	PUNCT
cjfa-30366	416	8	.	.	PUNCT
cjfa-30366	417	1	amihud	amihud	PROPN
cjfa-30366	417	2	,	,	PUNCT
cjfa-30366	417	3	y.	y.	PROPN
cjfa-30366	417	4	,	,	PUNCT
cjfa-30366	417	5	mendelson	mendelson	PROPN
cjfa-30366	417	6	,	,	PUNCT
cjfa-30366	417	7	h.	h.	PROPN
cjfa-30366	417	8	,	,	PUNCT
cjfa-30366	417	9	&	&	CCONJ
cjfa-30366	417	10	lauterbach	lauterbach	PROPN
cjfa-30366	417	11	,	,	PUNCT
cjfa-30366	417	12	b.	b.	PROPN
cjfa-30366	417	13	(	(	PUNCT
cjfa-30366	417	14	1997	1997	NUM
cjfa-30366	417	15	)	)	PUNCT
cjfa-30366	417	16	.	.	PUNCT
cjfa-30366	418	1	market	market	NOUN
cjfa-30366	418	2	microstructure	microstructure	NOUN
cjfa-30366	418	3	and	and	CCONJ
cjfa-30366	418	4	securities	security	NOUN
cjfa-30366	418	5	values	value	NOUN
cjfa-30366	418	6	:	:	PUNCT
cjfa-30366	418	7	evidence	evidence	NOUN
cjfa-30366	418	8	from	from	ADP
cjfa-30366	418	9	the	the	DET
cjfa-30366	418	10	tel	tel	PROPN
cjfa-30366	418	11	aviv	aviv	PROPN
cjfa-30366	418	12	stock	stock	PROPN
cjfa-30366	418	13	exchange	exchange	PROPN
cjfa-30366	418	14	.	.	PUNCT
cjfa-30366	419	1	journal	journal	NOUN
cjfa-30366	419	2	of	of	ADP
cjfa-30366	419	3	financial	financial	ADJ
cjfa-30366	419	4	economics	economic	NOUN
cjfa-30366	419	5	,	,	PUNCT
cjfa-30366	419	6	45(3	45(3	NUM
cjfa-30366	419	7	)	)	PUNCT
cjfa-30366	419	8	,	,	PUNCT
cjfa-30366	419	9	365	365	NUM
cjfa-30366	419	10	-	-	SYM
cjfa-30366	419	11	390	390	NUM
cjfa-30366	419	12	.	.	PUNCT
cjfa-30366	420	1	bacidore	bacidore	PROPN
cjfa-30366	420	2	,	,	PUNCT
cjfa-30366	420	3	j.	j.	PROPN
cjfa-30366	420	4	,	,	PUNCT
cjfa-30366	420	5	polidore	polidore	PROPN
cjfa-30366	420	6	,	,	PUNCT
cjfa-30366	420	7	b.	b.	PROPN
cjfa-30366	420	8	,	,	PUNCT
cjfa-30366	420	9	xu	xu	PROPN
cjfa-30366	420	10	,	,	PUNCT
cjfa-30366	420	11	w.	w.	PROPN
cjfa-30366	420	12	,	,	PUNCT
cjfa-30366	420	13	&	&	CCONJ
cjfa-30366	420	14	yang	yang	PROPN
cjfa-30366	420	15	,	,	PUNCT
cjfa-30366	420	16	c.	c.	PROPN
cjfa-30366	420	17	(	(	PUNCT
cjfa-30366	420	18	2012	2012	NUM
cjfa-30366	420	19	)	)	PUNCT
cjfa-30366	420	20	.	.	PUNCT
cjfa-30366	421	1	order	order	NOUN
cjfa-30366	421	2	submission	submission	NOUN
cjfa-30366	421	3	strategies	strategy	NOUN
cjfa-30366	421	4	,	,	PUNCT
cjfa-30366	421	5	liquidity	liquidity	NOUN
cjfa-30366	421	6	supply	supply	NOUN
cjfa-30366	421	7	,	,	PUNCT
cjfa-30366	421	8	and	and	CCONJ
cjfa-30366	421	9	trading	trading	NOUN
cjfa-30366	421	10	in	in	ADP
cjfa-30366	421	11	pennies	penny	NOUN
cjfa-30366	421	12	on	on	ADP
cjfa-30366	421	13	the	the	DET
cjfa-30366	421	14	new	new	PROPN
cjfa-30366	421	15	york	york	PROPN
cjfa-30366	421	16	stock	stock	PROPN
cjfa-30366	421	17	exchange	exchange	PROPN
cjfa-30366	421	18	.	.	PUNCT
cjfa-30366	422	1	the	the	DET
cjfa-30366	422	2	journal	journal	NOUN
cjfa-30366	422	3	of	of	ADP
cjfa-30366	422	4	trading	trading	NOUN
cjfa-30366	422	5	,	,	PUNCT
cjfa-30366	422	6	8(1	8(1	NOUN
cjfa-30366	422	7	)	)	PUNCT
cjfa-30366	422	8	,	,	PUNCT
cjfa-30366	422	9	48	48	NUM
cjfa-30366	422	10	-	-	SYM
cjfa-30366	422	11	57	57	NUM
cjfa-30366	422	12	.	.	PUNCT
cjfa-30366	423	1	barclay	barclay	PROPN
cjfa-30366	423	2	,	,	PUNCT
cjfa-30366	423	3	m.j	m.j	PROPN
cjfa-30366	423	4	.	.	PROPN
cjfa-30366	423	5	,	,	PUNCT
cjfa-30366	423	6	&	&	CCONJ
cjfa-30366	423	7	warner	warner	PROPN
cjfa-30366	423	8	,	,	PUNCT
cjfa-30366	423	9	j.b	j.b	PROPN
cjfa-30366	423	10	.	.	PUNCT
cjfa-30366	423	11	(	(	PUNCT
cjfa-30366	423	12	1993	1993	NUM
cjfa-30366	423	13	)	)	PUNCT
cjfa-30366	423	14	.	.	PUNCT
cjfa-30366	424	1	stealth	stealth	ADJ
cjfa-30366	424	2	trading	trading	NOUN
cjfa-30366	424	3	and	and	CCONJ
cjfa-30366	424	4	volatility	volatility	NOUN
cjfa-30366	424	5	:	:	PUNCT
cjfa-30366	424	6	which	which	PRON
cjfa-30366	424	7	trades	trade	VERB
cjfa-30366	424	8	move	move	VERB
cjfa-30366	424	9	prices	price	NOUN
cjfa-30366	424	10	?	?	PUNCT
cjfa-30366	425	1	journal	journal	NOUN
cjfa-30366	425	2	of	of	ADP
cjfa-30366	425	3	financial	financial	ADJ
cjfa-30366	425	4	economics	economic	NOUN
cjfa-30366	425	5	,	,	PUNCT
cjfa-30366	425	6	34(3	34(3	NUM
cjfa-30366	425	7	)	)	PUNCT
cjfa-30366	425	8	,	,	PUNCT
cjfa-30366	425	9	281	281	NUM
cjfa-30366	425	10	-	-	SYM
cjfa-30366	425	11	305	305	NUM
cjfa-30366	425	12	.	.	PUNCT
cjfa-30366	426	1	barclay	barclay	PROPN
cjfa-30366	426	2	,	,	PUNCT
cjfa-30366	426	3	m.j	m.j	PROPN
cjfa-30366	426	4	.	.	PROPN
cjfa-30366	426	5	,	,	PUNCT
cjfa-30366	426	6	&	&	CCONJ
cjfa-30366	426	7	hendershott	hendershott	PROPN
cjfa-30366	426	8	,	,	PUNCT
cjfa-30366	426	9	t.	t.	PROPN
cjfa-30366	426	10	(	(	PUNCT
cjfa-30366	426	11	2008	2008	NUM
cjfa-30366	426	12	)	)	PUNCT
cjfa-30366	426	13	.	.	PUNCT
cjfa-30366	427	1	a	a	DET
cjfa-30366	427	2	comparison	comparison	NOUN
cjfa-30366	427	3	of	of	ADP
cjfa-30366	427	4	trading	trading	NOUN
cjfa-30366	427	5	and	and	CCONJ
cjfa-30366	427	6	non	non	ADJ
cjfa-30366	427	7	-	-	ADJ
cjfa-30366	427	8	trading	trading	ADJ
cjfa-30366	427	9	mechanisms	mechanism	NOUN
cjfa-30366	427	10	for	for	ADP
cjfa-30366	427	11	price	price	NOUN
cjfa-30366	427	12	discovery	discovery	NOUN
cjfa-30366	427	13	,	,	PUNCT
cjfa-30366	427	14	journal	journal	NOUN
cjfa-30366	427	15	of	of	ADP
cjfa-30366	427	16	empirical	empirical	ADJ
cjfa-30366	427	17	finance	finance	NOUN
cjfa-30366	427	18	,	,	PUNCT
cjfa-30366	427	19	15(5	15(5	NUM
cjfa-30366	427	20	)	)	PUNCT
cjfa-30366	427	21	,	,	PUNCT
cjfa-30366	427	22	839	839	NUM
cjfa-30366	427	23	-	-	SYM
cjfa-30366	427	24	849	849	NUM
cjfa-30366	427	25	.	.	PUNCT
cjfa-30366	427	26	information	information	NOUN
cjfa-30366	427	27	content	content	NOUN
cjfa-30366	427	28	of	of	ADP
cjfa-30366	427	29	stocks	stock	NOUN
cjfa-30366	427	30	in	in	ADP
cjfa-30366	427	31	call	call	NOUN
cjfa-30366	427	32	auction	auction	NOUN
cjfa-30366	427	33	…	…	PUNCT
cjfa-30366	427	34	131	131	NUM
cjfa-30366	427	35	baillie	baillie	PROPN
cjfa-30366	427	36	,	,	PUNCT
cjfa-30366	427	37	r.t	r.t	PROPN
cjfa-30366	427	38	.	.	PROPN
cjfa-30366	427	39	,	,	PUNCT
cjfa-30366	427	40	booth	booth	PROPN
cjfa-30366	427	41	,	,	PUNCT
cjfa-30366	427	42	g.g	g.g	PROPN
cjfa-30366	427	43	.	.	PROPN
cjfa-30366	427	44	,	,	PUNCT
cjfa-30366	427	45	tse	tse	PROPN
cjfa-30366	427	46	,	,	PUNCT
cjfa-30366	427	47	y.	y.	PROPN
cjfa-30366	427	48	,	,	PUNCT
cjfa-30366	427	49	&	&	CCONJ
cjfa-30366	427	50	zabotina	zabotina	PROPN
cjfa-30366	427	51	,	,	PUNCT
cjfa-30366	427	52	t.	t.	PROPN
cjfa-30366	427	53	(	(	PUNCT
cjfa-30366	427	54	2002	2002	NUM
cjfa-30366	427	55	)	)	PUNCT
cjfa-30366	427	56	.	.	PUNCT
cjfa-30366	428	1	price	price	NOUN
cjfa-30366	428	2	discovery	discovery	NOUN
cjfa-30366	428	3	and	and	CCONJ
cjfa-30366	428	4	common	common	ADJ
cjfa-30366	428	5	factor	factor	NOUN
cjfa-30366	428	6	models	model	NOUN
cjfa-30366	428	7	.	.	PUNCT
cjfa-30366	429	1	journal	journal	NOUN
cjfa-30366	429	2	of	of	ADP
cjfa-30366	429	3	financial	financial	ADJ
cjfa-30366	429	4	markets	market	NOUN
cjfa-30366	429	5	,	,	PUNCT
cjfa-30366	429	6	5	5	NUM
cjfa-30366	429	7	,	,	PUNCT
cjfa-30366	429	8	309	309	NUM
cjfa-30366	429	9	-	-	SYM
cjfa-30366	429	10	321	321	NUM
cjfa-30366	429	11	.	.	PUNCT
cjfa-30366	430	1	booth	booth	NOUN
cjfa-30366	430	2	,	,	PUNCT
cjfa-30366	430	3	g.g	g.g	PROPN
cjfa-30366	430	4	.	.	PROPN
cjfa-30366	430	5	,	,	PUNCT
cjfa-30366	430	6	so	so	ADV
cjfa-30366	430	7	,	,	PUNCT
cjfa-30366	430	8	r.w	r.w	PROPN
cjfa-30366	430	9	.	.	PROPN
cjfa-30366	430	10	,	,	PUNCT
cjfa-30366	430	11	&	&	CCONJ
cjfa-30366	430	12	tse	tse	PROPN
cjfa-30366	430	13	,	,	PUNCT
cjfa-30366	430	14	y.	y.	PROPN
cjfa-30366	430	15	(	(	PUNCT
cjfa-30366	430	16	1999	1999	NUM
cjfa-30366	430	17	)	)	PUNCT
cjfa-30366	430	18	.	.	PUNCT
cjfa-30366	431	1	price	price	NOUN
cjfa-30366	431	2	discovery	discovery	NOUN
cjfa-30366	431	3	in	in	ADP
cjfa-30366	431	4	the	the	DET
cjfa-30366	431	5	german	german	ADJ
cjfa-30366	431	6	equity	equity	NOUN
cjfa-30366	431	7	index	index	NOUN
cjfa-30366	431	8	derivatives	derivative	NOUN
cjfa-30366	431	9	markets	market	NOUN
cjfa-30366	431	10	.	.	PUNCT
cjfa-30366	432	1	journal	journal	PROPN
cjfa-30366	432	2	of	of	ADP
cjfa-30366	432	3	futures	future	NOUN
cjfa-30366	432	4	markets	market	NOUN
cjfa-30366	432	5	,	,	PUNCT
cjfa-30366	432	6	19	19	NUM
cjfa-30366	432	7	,	,	PUNCT
cjfa-30366	432	8	619	619	NUM
cjfa-30366	432	9	-	-	SYM
cjfa-30366	432	10	643	643	NUM
cjfa-30366	432	11	.	.	PUNCT
cjfa-30366	433	1	cao	cao	PROPN
cjfa-30366	433	2	,	,	PUNCT
cjfa-30366	433	3	c.	c.	PROPN
cjfa-30366	433	4	,	,	PUNCT
cjfa-30366	433	5	ghysels	ghysels	PROPN
cjfa-30366	433	6	,	,	PUNCT
cjfa-30366	433	7	e.	e.	PROPN
cjfa-30366	433	8	,	,	PUNCT
cjfa-30366	433	9	&	&	CCONJ
cjfa-30366	433	10	hatheway	hatheway	PROPN
cjfa-30366	433	11	,	,	PUNCT
cjfa-30366	433	12	f.	f.	PROPN
cjfa-30366	433	13	(	(	PUNCT
cjfa-30366	433	14	2000	2000	NUM
cjfa-30366	433	15	)	)	PUNCT
cjfa-30366	433	16	.	.	PUNCT
cjfa-30366	434	1	price	price	NOUN
cjfa-30366	434	2	discovery	discovery	NOUN
cjfa-30366	434	3	without	without	ADP
cjfa-30366	434	4	trading	trading	NOUN
cjfa-30366	434	5	:	:	PUNCT
cjfa-30366	434	6	evidence	evidence	NOUN
cjfa-30366	434	7	from	from	ADP
cjfa-30366	434	8	the	the	DET
cjfa-30366	434	9	nasdaq	nasdaq	PROPN
cjfa-30366	434	10	pre	pre	ADJ
cjfa-30366	434	11	opening	opening	NOUN
cjfa-30366	434	12	.	.	PUNCT
cjfa-30366	435	1	the	the	DET
cjfa-30366	435	2	journal	journal	NOUN
cjfa-30366	435	3	of	of	ADP
cjfa-30366	435	4	finance	finance	NOUN
cjfa-30366	435	5	,	,	PUNCT
cjfa-30366	435	6	55(3	55(3	NUM
cjfa-30366	435	7	)	)	PUNCT
cjfa-30366	435	8	,	,	PUNCT
cjfa-30366	435	9	1339	1339	NUM
cjfa-30366	435	10	-	-	SYM
cjfa-30366	435	11	1365	1365	NUM
cjfa-30366	435	12	.	.	PUNCT
cjfa-30366	436	1	http://	http://	PROPN
cjfa-30366	436	2	dx.doi.org/10.1111/0022-1082.00249	dx.doi.org/10.1111/0022-1082.00249	PROPN
cjfa-30366	436	3	.	.	PUNCT
cjfa-30366	437	1	camilleri	camilleri	PROPN
cjfa-30366	437	2	,	,	PUNCT
cjfa-30366	437	3	s.j	s.j	PROPN
cjfa-30366	437	4	.	.	PROPN
cjfa-30366	437	5	(	(	PUNCT
cjfa-30366	437	6	2015	2015	NUM
cjfa-30366	437	7	)	)	PUNCT
cjfa-30366	437	8	.	.	PUNCT
cjfa-30366	438	1	do	do	AUX
cjfa-30366	438	2	call	call	VERB
cjfa-30366	438	3	auctions	auction	NOUN
cjfa-30366	438	4	curtail	curtail	VERB
cjfa-30366	438	5	price	price	NOUN
cjfa-30366	438	6	volatility	volatility	NOUN
cjfa-30366	438	7	?	?	PUNCT
cjfa-30366	439	1	evidence	evidence	NOUN
cjfa-30366	439	2	from	from	ADP
cjfa-30366	439	3	the	the	DET
cjfa-30366	439	4	national	national	PROPN
cjfa-30366	439	5	stock	stock	PROPN
cjfa-30366	439	6	exchange	exchange	PROPN
cjfa-30366	439	7	of	of	ADP
cjfa-30366	439	8	india	india	PROPN
cjfa-30366	439	9	.	.	PUNCT
cjfa-30366	440	1	managerial	managerial	ADJ
cjfa-30366	440	2	finance	finance	NOUN
cjfa-30366	440	3	,	,	PUNCT
cjfa-30366	440	4	41(1	41(1	NUM
cjfa-30366	440	5	)	)	PUNCT
cjfa-30366	440	6	,	,	PUNCT
cjfa-30366	440	7	67	67	NUM
cjfa-30366	440	8	-	-	SYM
cjfa-30366	440	9	79	79	NUM
cjfa-30366	440	10	.	.	PUNCT
cjfa-30366	441	1	http://dx.doi	http://dx.doi	NOUN
cjfa-30366	441	2	.	.	PUNCT
cjfa-30366	442	1	org/10.1108	org/10.1108	VERB
cjfa-30366	442	2	/	/	SYM
cjfa-30366	442	3	mf-10	mf-10	NOUN
cjfa-30366	442	4	-	-	PUNCT
cjfa-30366	442	5	2013	2013	NUM
cjfa-30366	442	6	-	-	PUNCT
cjfa-30366	442	7	0292	0292	NUM
cjfa-30366	442	8	.	.	PUNCT
cjfa-30366	443	1	chang	chang	PROPN
cjfa-30366	443	2	,	,	PUNCT
cjfa-30366	443	3	r.p	r.p	PROPN
cjfa-30366	443	4	.	.	PROPN
cjfa-30366	443	5	,	,	PUNCT
cjfa-30366	443	6	rhee	rhee	PROPN
cjfa-30366	443	7	,	,	PUNCT
cjfa-30366	443	8	s.g	s.g	PROPN
cjfa-30366	443	9	.	.	PROPN
cjfa-30366	443	10	,	,	PUNCT
cjfa-30366	443	11	stone	stone	PROPN
cjfa-30366	443	12	,	,	PUNCT
cjfa-30366	443	13	g.r	g.r	PROPN
cjfa-30366	443	14	.	.	PROPN
cjfa-30366	443	15	,	,	PUNCT
cjfa-30366	443	16	&	&	CCONJ
cjfa-30366	443	17	tang	tang	PROPN
cjfa-30366	443	18	,	,	PUNCT
cjfa-30366	443	19	n.	n.	NOUN
cjfa-30366	443	20	(	(	PUNCT
cjfa-30366	443	21	2008	2008	NUM
cjfa-30366	443	22	)	)	PUNCT
cjfa-30366	443	23	.	.	PUNCT
cjfa-30366	444	1	how	how	SCONJ
cjfa-30366	444	2	does	do	AUX
cjfa-30366	444	3	the	the	DET
cjfa-30366	444	4	call	call	NOUN
cjfa-30366	444	5	market	market	NOUN
cjfa-30366	444	6	method	method	NOUN
cjfa-30366	444	7	affect	affect	VERB
cjfa-30366	444	8	price	price	NOUN
cjfa-30366	444	9	efficiency	efficiency	NOUN
cjfa-30366	444	10	?	?	PUNCT
cjfa-30366	445	1	evidence	evidence	NOUN
cjfa-30366	445	2	from	from	ADP
cjfa-30366	445	3	the	the	DET
cjfa-30366	445	4	singapore	singapore	PROPN
cjfa-30366	445	5	stock	stock	NOUN
cjfa-30366	445	6	market	market	NOUN
cjfa-30366	445	7	.	.	PUNCT
cjfa-30366	446	1	journal	journal	NOUN
cjfa-30366	446	2	of	of	ADP
cjfa-30366	446	3	banking	banking	NOUN
cjfa-30366	446	4	&	&	CCONJ
cjfa-30366	446	5	finance	finance	PROPN
cjfa-30366	446	6	,	,	PUNCT
cjfa-30366	446	7	32(10	32(10	NUM
cjfa-30366	446	8	)	)	PUNCT
cjfa-30366	446	9	,	,	PUNCT
cjfa-30366	446	10	2205	2205	NUM
cjfa-30366	446	11	-	-	SYM
cjfa-30366	446	12	2219	2219	NUM
cjfa-30366	446	13	.	.	PUNCT
cjfa-30366	447	1	chu	chu	PROPN
cjfa-30366	447	2	,	,	PUNCT
cjfa-30366	447	3	q.c	q.c	PROPN
cjfa-30366	447	4	.	.	PROPN
cjfa-30366	447	5	,	,	PUNCT
cjfa-30366	447	6	hsieh	hsieh	PROPN
cjfa-30366	447	7	,	,	PUNCT
cjfa-30366	447	8	w.g	w.g	PROPN
cjfa-30366	447	9	.	.	PROPN
cjfa-30366	447	10	,	,	PUNCT
cjfa-30366	447	11	&	&	CCONJ
cjfa-30366	447	12	tse	tse	PROPN
cjfa-30366	447	13	,	,	PUNCT
cjfa-30366	447	14	y.	y.	PROPN
cjfa-30366	447	15	(	(	PUNCT
cjfa-30366	447	16	1999	1999	NUM
cjfa-30366	447	17	)	)	PUNCT
cjfa-30366	447	18	.	.	PUNCT
cjfa-30366	448	1	price	price	NOUN
cjfa-30366	448	2	discovery	discovery	NOUN
cjfa-30366	448	3	on	on	ADP
cjfa-30366	448	4	the	the	DET
cjfa-30366	448	5	s&p	s&p	PROPN
cjfa-30366	448	6	500	500	NUM
cjfa-30366	448	7	index	index	NOUN
cjfa-30366	448	8	markets	market	NOUN
cjfa-30366	448	9	:	:	PUNCT
cjfa-30366	448	10	an	an	DET
cjfa-30366	448	11	analysis	analysis	NOUN
cjfa-30366	448	12	of	of	ADP
cjfa-30366	448	13	spot	spot	NOUN
cjfa-30366	448	14	index	index	NOUN
cjfa-30366	448	15	,	,	PUNCT
cjfa-30366	448	16	index	index	NOUN
cjfa-30366	448	17	futures	future	NOUN
cjfa-30366	448	18	and	and	CCONJ
cjfa-30366	448	19	spdrs	spdr	NOUN
cjfa-30366	448	20	.	.	PUNCT
cjfa-30366	449	1	international	international	ADJ
cjfa-30366	449	2	review	review	NOUN
cjfa-30366	449	3	of	of	ADP
cjfa-30366	449	4	financial	financial	ADJ
cjfa-30366	449	5	analysis	analysis	NOUN
cjfa-30366	449	6	,	,	PUNCT
cjfa-30366	449	7	8	8	NUM
cjfa-30366	449	8	,	,	PUNCT
cjfa-30366	449	9	21	21	NUM
cjfa-30366	449	10	-	-	SYM
cjfa-30366	449	11	34	34	NUM
cjfa-30366	449	12	.	.	PUNCT
cjfa-30366	450	1	cosmin	cosmin	PROPN
cjfa-30366	450	2	,	,	PUNCT
cjfa-30366	450	3	o.	o.	PROPN
cjfa-30366	450	4	,	,	PUNCT
cjfa-30366	450	5	&	&	CCONJ
cjfa-30366	450	6	filip	filip	PROPN
cjfa-30366	450	7	,	,	PUNCT
cjfa-30366	450	8	m.	m.	NOUN
cjfa-30366	450	9	(	(	PUNCT
cjfa-30366	450	10	2016	2016	NUM
cjfa-30366	450	11	)	)	PUNCT
cjfa-30366	450	12	.	.	PUNCT
cjfa-30366	451	1	estimating	estimate	VERB
cjfa-30366	451	2	probability	probability	NOUN
cjfa-30366	451	3	of	of	ADP
cjfa-30366	451	4	informed	informed	ADJ
cjfa-30366	451	5	trading	trading	NOUN
cjfa-30366	451	6	on	on	ADP
cjfa-30366	451	7	the	the	DET
cjfa-30366	451	8	bucharest	buchar	ADJ
cjfa-30366	451	9	stock	stock	NOUN
cjfa-30366	451	10	exchange	exchange	NOUN
cjfa-30366	451	11	.	.	PUNCT
cjfa-30366	452	1	finance	finance	VERB
cjfa-30366	452	2	a	a	DET
cjfa-30366	452	3	úvěr	úvěr	NOUN
cjfa-30366	452	4	-	-	PUNCT
cjfa-30366	452	5	czech	czech	PROPN
cjfa-30366	452	6	journal	journal	NOUN
cjfa-30366	452	7	of	of	ADP
cjfa-30366	452	8	economics	economic	NOUN
cjfa-30366	452	9	and	and	CCONJ
cjfa-30366	452	10	finance	finance	NOUN
cjfa-30366	452	11	,	,	PUNCT
cjfa-30366	452	12	66(2	66(2	NUM
cjfa-30366	452	13	)	)	PUNCT
cjfa-30366	452	14	,	,	PUNCT
cjfa-30366	452	15	140	140	NUM
cjfa-30366	452	16	-	-	SYM
cjfa-30366	452	17	160	160	NUM
cjfa-30366	452	18	.	.	PUNCT
cjfa-30366	453	1	easley	easley	PROPN
cjfa-30366	453	2	,	,	PUNCT
cjfa-30366	453	3	d.	d.	PROPN
cjfa-30366	453	4	,	,	PUNCT
cjfa-30366	453	5	kiefer	kiefer	PROPN
cjfa-30366	453	6	,	,	PUNCT
cjfa-30366	453	7	n.	n.	NOUN
cjfa-30366	453	8	,	,	PUNCT
cjfa-30366	453	9	o’hara	o’hara	NOUN
cjfa-30366	453	10	,	,	PUNCT
cjfa-30366	453	11	m.	m.	NOUN
cjfa-30366	453	12	,	,	PUNCT
cjfa-30366	453	13	&	&	CCONJ
cjfa-30366	453	14	paperman	paperman	NOUN
cjfa-30366	453	15	,	,	PUNCT
cjfa-30366	453	16	j.	j.	PROPN
cjfa-30366	453	17	(	(	PUNCT
cjfa-30366	453	18	1996	1996	NUM
cjfa-30366	453	19	)	)	PUNCT
cjfa-30366	453	20	.	.	PUNCT
cjfa-30366	454	1	liquidity	liquidity	NOUN
cjfa-30366	454	2	,	,	PUNCT
cjfa-30366	454	3	information	information	NOUN
cjfa-30366	454	4	,	,	PUNCT
cjfa-30366	454	5	and	and	CCONJ
cjfa-30366	454	6	infrequently	infrequently	ADV
cjfa-30366	454	7	traded	trade	VERB
cjfa-30366	454	8	stocks	stock	NOUN
cjfa-30366	454	9	.	.	PUNCT
cjfa-30366	455	1	the	the	DET
cjfa-30366	455	2	journal	journal	NOUN
cjfa-30366	455	3	of	of	ADP
cjfa-30366	455	4	finance	finance	NOUN
cjfa-30366	455	5	,	,	PUNCT
cjfa-30366	455	6	51(4	51(4	NUM
cjfa-30366	455	7	)	)	PUNCT
cjfa-30366	455	8	,	,	PUNCT
cjfa-30366	455	9	1405–1436	1405–1436	NUM
cjfa-30366	455	10	.	.	PUNCT
cjfa-30366	456	1	easley	easley	PROPN
cjfa-30366	456	2	,	,	PUNCT
cjfa-30366	456	3	d.	d.	PROPN
cjfa-30366	456	4	,	,	PUNCT
cjfa-30366	456	5	hvidkjaer	hvidkjaer	VERB
cjfa-30366	456	6	,	,	PUNCT
cjfa-30366	456	7	s.	s.	PROPN
cjfa-30366	456	8	,	,	PUNCT
cjfa-30366	456	9	&	&	CCONJ
cjfa-30366	456	10	o’hara	o’hara	NOUN
cjfa-30366	456	11	,	,	PUNCT
cjfa-30366	456	12	m.	m.	NOUN
cjfa-30366	456	13	(	(	PUNCT
cjfa-30366	456	14	2002	2002	NUM
cjfa-30366	456	15	)	)	PUNCT
cjfa-30366	456	16	.	.	PUNCT
cjfa-30366	457	1	is	be	AUX
cjfa-30366	457	2	information	information	NOUN
cjfa-30366	457	3	risk	risk	NOUN
cjfa-30366	457	4	a	a	DET
cjfa-30366	457	5	determinant	determinant	NOUN
cjfa-30366	457	6	of	of	ADP
cjfa-30366	457	7	asset	asset	NOUN
cjfa-30366	457	8	returns	return	NOUN
cjfa-30366	457	9	?	?	PUNCT
cjfa-30366	458	1	journal	journal	NOUN
cjfa-30366	458	2	of	of	ADP
cjfa-30366	458	3	finance	finance	NOUN
cjfa-30366	458	4	,	,	PUNCT
cjfa-30366	458	5	57	57	NUM
cjfa-30366	458	6	,	,	PUNCT
cjfa-30366	458	7	2185	2185	NUM
cjfa-30366	458	8	-	-	SYM
cjfa-30366	458	9	2221	2221	NUM
cjfa-30366	458	10	.	.	PUNCT
cjfa-30366	459	1	http://dx.doi.org/10.1111/15406261.00493	http://dx.doi.org/10.1111/15406261.00493	PROPN
cjfa-30366	459	2	.	.	PUNCT
cjfa-30366	460	1	easley	easley	PROPN
cjfa-30366	460	2	,	,	PUNCT
cjfa-30366	460	3	d.	d.	PROPN
cjfa-30366	460	4	,	,	PUNCT
cjfa-30366	460	5	de	de	PROPN
cjfa-30366	460	6	prado	prado	PROPN
cjfa-30366	460	7	,	,	PUNCT
cjfa-30366	460	8	m.l	m.l	PROPN
cjfa-30366	460	9	.	.	PROPN
cjfa-30366	460	10	,	,	PUNCT
cjfa-30366	460	11	&	&	CCONJ
cjfa-30366	460	12	o’hara	o’hara	NOUN
cjfa-30366	460	13	,	,	PUNCT
cjfa-30366	460	14	m.	m.	NOUN
cjfa-30366	460	15	(	(	PUNCT
cjfa-30366	460	16	2012	2012	NUM
cjfa-30366	460	17	)	)	PUNCT
cjfa-30366	460	18	.	.	PUNCT
cjfa-30366	461	1	flow	flow	NOUN
cjfa-30366	461	2	toxicity	toxicity	NOUN
cjfa-30366	461	3	and	and	CCONJ
cjfa-30366	461	4	liquidity	liquidity	NOUN
cjfa-30366	461	5	in	in	ADP
cjfa-30366	461	6	a	a	DET
cjfa-30366	461	7	high	high	ADJ
cjfa-30366	461	8	frequency	frequency	NOUN
cjfa-30366	461	9	world	world	NOUN
cjfa-30366	461	10	.	.	PUNCT
cjfa-30366	462	1	review	review	NOUN
cjfa-30366	462	2	of	of	ADP
cjfa-30366	462	3	financial	financial	ADJ
cjfa-30366	462	4	studies	study	NOUN
cjfa-30366	462	5	,	,	PUNCT
cjfa-30366	462	6	25(5	25(5	NUM
cjfa-30366	462	7	)	)	PUNCT
cjfa-30366	462	8	,	,	PUNCT
cjfa-30366	462	9	1457	1457	NUM
cjfa-30366	462	10	-	-	SYM
cjfa-30366	462	11	1493	1493	NUM
cjfa-30366	462	12	.	.	PUNCT
cjfa-30366	463	1	http://dx.doi	http://dx.doi	NOUN
cjfa-30366	463	2	.	.	PUNCT
cjfa-30366	464	1	org/10.1093	org/10.1093	PROPN
cjfa-30366	464	2	/	/	SYM
cjfa-30366	464	3	rfs	rfs	PROPN
cjfa-30366	464	4	/	/	SYM
cjfa-30366	464	5	hhs053	hhs053	NOUN
cjfa-30366	464	6	.	.	PUNCT
cjfa-30366	465	1	ellul	ellul	NOUN
cjfa-30366	465	2	,	,	PUNCT
cjfa-30366	465	3	a.	a.	NOUN
cjfa-30366	465	4	,	,	PUNCT
cjfa-30366	465	5	shin	shin	PROPN
cjfa-30366	465	6	,	,	PUNCT
cjfa-30366	465	7	h.	h.	PROPN
cjfa-30366	465	8	s.	s.	PROPN
cjfa-30366	465	9	,	,	PUNCT
cjfa-30366	465	10	&	&	CCONJ
cjfa-30366	465	11	tonks	tonks	PROPN
cjfa-30366	465	12	,	,	PUNCT
cjfa-30366	465	13	i.	i.	PROPN
cjfa-30366	465	14	(	(	PUNCT
cjfa-30366	465	15	2005	2005	NUM
cjfa-30366	465	16	)	)	PUNCT
cjfa-30366	465	17	.	.	PUNCT
cjfa-30366	466	1	opening	opening	NOUN
cjfa-30366	466	2	and	and	CCONJ
cjfa-30366	466	3	closing	close	VERB
cjfa-30366	466	4	the	the	DET
cjfa-30366	466	5	market	market	NOUN
cjfa-30366	466	6	:	:	PUNCT
cjfa-30366	466	7	evidence	evidence	NOUN
cjfa-30366	466	8	from	from	ADP
cjfa-30366	466	9	the	the	DET
cjfa-30366	466	10	london	london	PROPN
cjfa-30366	466	11	stock	stock	NOUN
cjfa-30366	466	12	exchange	exchange	PROPN
cjfa-30366	466	13	.	.	PUNCT
cjfa-30366	467	1	journal	journal	NOUN
cjfa-30366	467	2	of	of	ADP
cjfa-30366	467	3	financial	financial	ADJ
cjfa-30366	467	4	and	and	CCONJ
cjfa-30366	467	5	quantitative	quantitative	ADJ
cjfa-30366	467	6	analysis	analysis	NOUN
cjfa-30366	467	7	,	,	PUNCT
cjfa-30366	467	8	40(4	40(4	NUM
cjfa-30366	467	9	)	)	PUNCT
cjfa-30366	467	10	,	,	PUNCT
cjfa-30366	467	11	779	779	NUM
cjfa-30366	467	12	.	.	PUNCT
cjfa-30366	468	1	gonzalo	gonzalo	PROPN
cjfa-30366	468	2	,	,	PUNCT
cjfa-30366	468	3	j.	j.	PROPN
cjfa-30366	468	4	,	,	PUNCT
cjfa-30366	468	5	&	&	CCONJ
cjfa-30366	468	6	granger	granger	PROPN
cjfa-30366	468	7	,	,	PUNCT
cjfa-30366	468	8	c.	c.	PROPN
cjfa-30366	468	9	(	(	PUNCT
cjfa-30366	468	10	1995	1995	NUM
cjfa-30366	468	11	)	)	PUNCT
cjfa-30366	468	12	.	.	PUNCT
cjfa-30366	469	1	estimation	estimation	NOUN
cjfa-30366	469	2	of	of	ADP
cjfa-30366	469	3	common	common	ADJ
cjfa-30366	469	4	long	long	ADJ
cjfa-30366	469	5	-	-	PUNCT
cjfa-30366	469	6	memory	memory	NOUN
cjfa-30366	469	7	components	component	NOUN
cjfa-30366	469	8	in	in	ADP
cjfa-30366	469	9	cointegrated	cointegrate	VERB
cjfa-30366	469	10	systems	system	NOUN
cjfa-30366	469	11	.	.	PUNCT
cjfa-30366	470	1	journal	journal	PROPN
cjfa-30366	470	2	of	of	ADP
cjfa-30366	470	3	business	business	NOUN
cjfa-30366	470	4	and	and	CCONJ
cjfa-30366	470	5	economic	economic	ADJ
cjfa-30366	470	6	statistics	statistic	NOUN
cjfa-30366	470	7	,	,	PUNCT
cjfa-30366	470	8	13	13	NUM
cjfa-30366	470	9	,	,	PUNCT
cjfa-30366	470	10	27	27	NUM
cjfa-30366	470	11	-	-	SYM
cjfa-30366	470	12	35	35	NUM
cjfa-30366	470	13	.	.	PUNCT
cjfa-30366	471	1	hanousek	hanousek	PROPN
cjfa-30366	471	2	,	,	PUNCT
cjfa-30366	471	3	j.	j.	PROPN
cjfa-30366	471	4	,	,	PUNCT
cjfa-30366	471	5	&	&	CCONJ
cjfa-30366	471	6	kopøiva	kopøiva	PROPN
cjfa-30366	471	7	,	,	PUNCT
cjfa-30366	471	8	f.	f.	PROPN
cjfa-30366	471	9	(	(	PUNCT
cjfa-30366	471	10	2011	2011	NUM
cjfa-30366	471	11	)	)	PUNCT
cjfa-30366	471	12	.	.	PUNCT
cjfa-30366	472	1	detecting	detect	VERB
cjfa-30366	472	2	information	information	NOUN
cjfa-30366	472	3	-	-	PUNCT
cjfa-30366	472	4	driven	drive	VERB
cjfa-30366	472	5	trading	trading	NOUN
cjfa-30366	472	6	in	in	ADP
cjfa-30366	472	7	a	a	DET
cjfa-30366	472	8	dealers	dealer	NOUN
cjfa-30366	472	9	market	market	NOUN
cjfa-30366	472	10	.	.	PUNCT
cjfa-30366	473	1	czech	czech	PROPN
cjfa-30366	473	2	journal	journal	PROPN
cjfa-30366	473	3	of	of	ADP
cjfa-30366	473	4	economics	economic	NOUN
cjfa-30366	473	5	and	and	CCONJ
cjfa-30366	473	6	finance	finance	NOUN
cjfa-30366	473	7	(	(	PUNCT
cjfa-30366	473	8	finance	finance	VERB
cjfa-30366	473	9	a	a	DET
cjfa-30366	473	10	uver	uver	ADJ
cjfa-30366	473	11	)	)	PUNCT
cjfa-30366	473	12	,	,	PUNCT
cjfa-30366	473	13	charles	charles	PROPN
cjfa-30366	473	14	university	university	PROPN
cjfa-30366	473	15	prague	prague	PROPN
cjfa-30366	473	16	,	,	PUNCT
cjfa-30366	473	17	faculty	faculty	NOUN
cjfa-30366	473	18	of	of	ADP
cjfa-30366	473	19	social	social	ADJ
cjfa-30366	473	20	sciences	science	NOUN
cjfa-30366	473	21	,	,	PUNCT
cjfa-30366	473	22	61(3	61(3	NUM
cjfa-30366	473	23	)	)	PUNCT
cjfa-30366	473	24	,	,	PUNCT
cjfa-30366	473	25	204	204	NUM
cjfa-30366	473	26	-	-	SYM
cjfa-30366	473	27	229	229	NUM
cjfa-30366	473	28	.	.	PUNCT
cjfa-30366	474	1	hasbrouck	hasbrouck	PROPN
cjfa-30366	474	2	,	,	PUNCT
cjfa-30366	474	3	j.	j.	PROPN
cjfa-30366	474	4	(	(	PUNCT
cjfa-30366	474	5	2002	2002	NUM
cjfa-30366	474	6	)	)	PUNCT
cjfa-30366	474	7	.	.	PUNCT
cjfa-30366	475	1	stalking	stalk	VERB
cjfa-30366	475	2	the	the	DET
cjfa-30366	475	3	efficient	efficient	ADJ
cjfa-30366	475	4	price	price	NOUN
cjfa-30366	475	5	in	in	ADP
cjfa-30366	475	6	empirical	empirical	ADJ
cjfa-30366	475	7	microstructure	microstructure	ADJ
cjfa-30366	475	8	specifications	specification	NOUN
cjfa-30366	475	9	.	.	PUNCT
cjfa-30366	476	1	journal	journal	NOUN
cjfa-30366	476	2	of	of	ADP
cjfa-30366	476	3	financial	financial	ADJ
cjfa-30366	476	4	markets	market	NOUN
cjfa-30366	476	5	,	,	PUNCT
cjfa-30366	476	6	5	5	NUM
cjfa-30366	476	7	,	,	PUNCT
cjfa-30366	476	8	329	329	NUM
cjfa-30366	476	9	-	-	SYM
cjfa-30366	476	10	339	339	NUM
cjfa-30366	476	11	.	.	PUNCT
cjfa-30366	477	1	kalay	kalay	NOUN
cjfa-30366	477	2	,	,	PUNCT
cjfa-30366	477	3	a.	a.	PROPN
cjfa-30366	477	4	,	,	PUNCT
cjfa-30366	477	5	wei	wei	PROPN
cjfa-30366	477	6	,	,	PUNCT
cjfa-30366	477	7	l.	l.	PROPN
cjfa-30366	477	8	,	,	PUNCT
cjfa-30366	477	9	&	&	CCONJ
cjfa-30366	477	10	wohl	wohl	NOUN
cjfa-30366	477	11	,	,	PUNCT
cjfa-30366	477	12	a.	a.	NOUN
cjfa-30366	477	13	(	(	PUNCT
cjfa-30366	477	14	2002	2002	NUM
cjfa-30366	477	15	)	)	PUNCT
cjfa-30366	477	16	.	.	PUNCT
cjfa-30366	478	1	continuous	continuous	ADJ
cjfa-30366	478	2	trading	trading	NOUN
cjfa-30366	478	3	or	or	CCONJ
cjfa-30366	478	4	call	call	NOUN
cjfa-30366	478	5	auctions	auction	NOUN
cjfa-30366	478	6	:	:	PUNCT
cjfa-30366	478	7	revealed	reveal	VERB
cjfa-30366	478	8	preferences	preference	NOUN
cjfa-30366	478	9	of	of	ADP
cjfa-30366	478	10	investors	investor	NOUN
cjfa-30366	478	11	at	at	ADP
cjfa-30366	478	12	the	the	DET
cjfa-30366	478	13	tel	tel	PROPN
cjfa-30366	478	14	aviv	aviv	PROPN
cjfa-30366	478	15	stock	stock	PROPN
cjfa-30366	478	16	exchange	exchange	PROPN
cjfa-30366	478	17	.	.	PUNCT
cjfa-30366	479	1	journal	journal	PROPN
cjfa-30366	479	2	of	of	ADP
cjfa-30366	479	3	finance	finance	NOUN
cjfa-30366	479	4	,	,	PUNCT
cjfa-30366	479	5	57(1),523542	57(1),523542	NUM
cjfa-30366	479	6	.	.	PUNCT
cjfa-30366	480	1	kehr	kehr	NOUN
cjfa-30366	480	2	,	,	PUNCT
cjfa-30366	480	3	c.h	c.h	PROPN
cjfa-30366	480	4	.	.	PROPN
cjfa-30366	480	5	,	,	PUNCT
cjfa-30366	480	6	krahnen	krahnen	PROPN
cjfa-30366	480	7	,	,	PUNCT
cjfa-30366	480	8	j.p	j.p	PROPN
cjfa-30366	480	9	.	.	PROPN
cjfa-30366	480	10	,	,	PUNCT
cjfa-30366	480	11	&	&	CCONJ
cjfa-30366	480	12	theissend	theissend	PROPN
cjfa-30366	480	13	,	,	PUNCT
cjfa-30366	480	14	s.	s.	PROPN
cjfa-30366	480	15	(	(	PUNCT
cjfa-30366	480	16	2001	2001	NUM
cjfa-30366	480	17	)	)	PUNCT
cjfa-30366	480	18	.	.	PUNCT
cjfa-30366	481	1	the	the	DET
cjfa-30366	481	2	anatomy	anatomy	NOUN
cjfa-30366	481	3	of	of	ADP
cjfa-30366	481	4	a	a	DET
cjfa-30366	481	5	call	call	NOUN
cjfa-30366	481	6	market	market	NOUN
cjfa-30366	481	7	.	.	PUNCT
cjfa-30366	482	1	journal	journal	NOUN
cjfa-30366	482	2	of	of	ADP
cjfa-30366	482	3	financial	financial	ADJ
cjfa-30366	482	4	intermediation	intermediation	NOUN
cjfa-30366	482	5	,	,	PUNCT
cjfa-30366	482	6	10(3	10(3	NUM
cjfa-30366	482	7	-	-	SYM
cjfa-30366	482	8	4	4	NUM
cjfa-30366	482	9	)	)	PUNCT
cjfa-30366	482	10	,	,	PUNCT
cjfa-30366	482	11	249	249	NUM
cjfa-30366	482	12	-	-	SYM
cjfa-30366	482	13	270	270	NUM
cjfa-30366	482	14	.	.	PUNCT
cjfa-30366	483	1	http://dx.doi.org/10.1006/	http://dx.doi.org/10.1006/	ADV
cjfa-30366	483	2	jfin.2001.0314	jfin.2001.0314	PROPN
cjfa-30366	483	3	.	.	PUNCT
cjfa-30366	484	1	dinabandhu	dinabandhu	PROPN
cjfa-30366	484	2	bag132	bag132	PROPN
cjfa-30366	484	3	madhavan	madhavan	PROPN
cjfa-30366	484	4	,	,	PUNCT
cjfa-30366	484	5	a.	a.	NOUN
cjfa-30366	484	6	(	(	PUNCT
cjfa-30366	484	7	1992	1992	NUM
cjfa-30366	484	8	)	)	PUNCT
cjfa-30366	484	9	.	.	PUNCT
cjfa-30366	485	1	trading	trading	NOUN
cjfa-30366	485	2	mechanisms	mechanism	NOUN
cjfa-30366	485	3	in	in	ADP
cjfa-30366	485	4	securities	security	NOUN
cjfa-30366	485	5	markets	market	NOUN
cjfa-30366	485	6	.	.	PUNCT
cjfa-30366	486	1	journal	journal	PROPN
cjfa-30366	486	2	of	of	ADP
cjfa-30366	486	3	finance	finance	PROPN
cjfa-30366	486	4	,	,	PUNCT
cjfa-30366	486	5	47(2	47(2	PROPN
cjfa-30366	486	6	)	)	PUNCT
cjfa-30366	486	7	,	,	PUNCT
cjfa-30366	486	8	607	607	NUM
cjfa-30366	486	9	-	-	SYM
cjfa-30366	486	10	641	641	NUM
cjfa-30366	486	11	.	.	PUNCT
cjfa-30366	487	1	madhavan	madhavan	PROPN
cjfa-30366	487	2	,	,	PUNCT
cjfa-30366	487	3	a.	a.	PROPN
cjfa-30366	487	4	,	,	PUNCT
cjfa-30366	487	5	&	&	CCONJ
cjfa-30366	487	6	panchapagesan	panchapagesan	NOUN
cjfa-30366	487	7	,	,	PUNCT
cjfa-30366	487	8	v.	v.	PROPN
cjfa-30366	487	9	(	(	PUNCT
cjfa-30366	487	10	2000	2000	NUM
cjfa-30366	487	11	)	)	PUNCT
cjfa-30366	487	12	.	.	PUNCT
cjfa-30366	488	1	price	price	NOUN
cjfa-30366	488	2	discovery	discovery	NOUN
cjfa-30366	488	3	in	in	ADP
cjfa-30366	488	4	auction	auction	NOUN
cjfa-30366	488	5	markets	market	NOUN
cjfa-30366	488	6	:	:	PUNCT
cjfa-30366	488	7	a	a	DET
cjfa-30366	488	8	look	look	NOUN
cjfa-30366	488	9	inside	inside	ADP
cjfa-30366	488	10	the	the	DET
cjfa-30366	488	11	black	black	PROPN
cjfa-30366	488	12	box	box	PROPN
cjfa-30366	488	13	.	.	PUNCT
cjfa-30366	489	1	review	review	NOUN
cjfa-30366	489	2	of	of	ADP
cjfa-30366	489	3	financial	financial	ADJ
cjfa-30366	489	4	studies	study	NOUN
cjfa-30366	489	5	,	,	PUNCT
cjfa-30366	489	6	13(3	13(3	NUM
cjfa-30366	489	7	)	)	PUNCT
cjfa-30366	489	8	,	,	PUNCT
cjfa-30366	489	9	627	627	NUM
cjfa-30366	489	10	-	-	SYM
cjfa-30366	489	11	658	658	NUM
cjfa-30366	489	12	.	.	PUNCT
cjfa-30366	490	1	http://dx.doi	http://dx.doi	NOUN
cjfa-30366	490	2	.	.	PUNCT
cjfa-30366	491	1	org/10.1093	org/10.1093	PROPN
cjfa-30366	491	2	/	/	SYM
cjfa-30366	491	3	rfs/13.3.627	rfs/13.3.627	PROPN
cjfa-30366	491	4	.	.	PUNCT
cjfa-30366	492	1	pagano	pagano	PROPN
cjfa-30366	492	2	,	,	PUNCT
cjfa-30366	492	3	m.s	m.s	PROPN
cjfa-30366	492	4	.	.	PROPN
cjfa-30366	492	5	,	,	PUNCT
cjfa-30366	492	6	&	&	CCONJ
cjfa-30366	492	7	schwartz	schwartz	PROPN
cjfa-30366	492	8	,	,	PUNCT
cjfa-30366	492	9	r.a	r.a	PROPN
cjfa-30366	492	10	.	.	PROPN
cjfa-30366	492	11	(	(	PUNCT
cjfa-30366	492	12	2003	2003	NUM
cjfa-30366	492	13	)	)	PUNCT
cjfa-30366	492	14	.	.	PUNCT
cjfa-30366	493	1	a	a	DET
cjfa-30366	493	2	closing	close	VERB
cjfa-30366	493	3	call	call	NOUN
cjfa-30366	493	4	’s	’s	PART
cjfa-30366	493	5	impact	impact	NOUN
cjfa-30366	493	6	on	on	ADP
cjfa-30366	493	7	market	market	NOUN
cjfa-30366	493	8	quality	quality	NOUN
cjfa-30366	493	9	at	at	ADP
cjfa-30366	493	10	euronext	euronext	PROPN
cjfa-30366	493	11	paris	paris	PROPN
cjfa-30366	493	12	.	.	PUNCT
cjfa-30366	494	1	journal	journal	PROPN
cjfa-30366	494	2	of	of	ADP
cjfa-30366	494	3	financial	financial	ADJ
cjfa-30366	494	4	economics	economic	NOUN
cjfa-30366	494	5	,	,	PUNCT
cjfa-30366	494	6	elsevier	elsevier	NOUN
cjfa-30366	494	7	,	,	PUNCT
cjfa-30366	494	8	68(3	68(3	PROPN
cjfa-30366	494	9	)	)	PUNCT
cjfa-30366	494	10	,	,	PUNCT
cjfa-30366	494	11	439	439	NUM
cjfa-30366	494	12	-	-	SYM
cjfa-30366	494	13	484	484	NUM
cjfa-30366	494	14	.	.	PUNCT
cjfa-30366	495	1	schwartz	schwartz	PROPN
cjfa-30366	495	2	,	,	PUNCT
cjfa-30366	495	3	r.	r.	PROPN
cjfa-30366	495	4	a.	a.	PROPN
cjfa-30366	495	5	,	,	PUNCT
cjfa-30366	495	6	&	&	CCONJ
cjfa-30366	495	7	wood	wood	PROPN
cjfa-30366	495	8	,	,	PUNCT
cjfa-30366	495	9	r.a	r.a	PROPN
cjfa-30366	495	10	.	.	PROPN
cjfa-30366	495	11	(	(	PUNCT
cjfa-30366	495	12	2001	2001	NUM
cjfa-30366	495	13	)	)	PUNCT
cjfa-30366	495	14	.	.	PUNCT
cjfa-30366	496	1	calling	call	VERB
cjfa-30366	496	2	the	the	DET
cjfa-30366	496	3	open	open	ADJ
cjfa-30366	496	4	:	:	PUNCT
cjfa-30366	496	5	price	price	NOUN
cjfa-30366	496	6	discovery	discovery	NOUN
cjfa-30366	496	7	evidence	evidence	NOUN
cjfa-30366	496	8	from	from	ADP
cjfa-30366	496	9	nasdaq	nasdaq	PROPN
cjfa-30366	496	10	.	.	PUNCT
cjfa-30366	497	1	working	work	VERB
cjfa-30366	497	2	paper	paper	NOUN
cjfa-30366	497	3	,	,	PUNCT
cjfa-30366	497	4	the	the	DET
cjfa-30366	497	5	nasdaq	nasdaq	PROPN
cjfa-30366	497	6	stock	stock	NOUN
cjfa-30366	497	7	market	market	PROPN
cjfa-30366	497	8	,	,	PUNCT
cjfa-30366	497	9	inc	inc	PROPN
cjfa-30366	497	10	.	.	PROPN
cjfa-30366	497	11	economic	economic	ADJ
cjfa-30366	497	12	research	research	NOUN
cjfa-30366	497	13	.	.	PUNCT
cjfa-30366	498	1	shannon	shannon	PROPN
cjfa-30366	498	2	,	,	PUNCT
cjfa-30366	498	3	c.e	c.e	PROPN
cjfa-30366	498	4	.	.	PROPN
cjfa-30366	498	5	(	(	PUNCT
cjfa-30366	498	6	1948	1948	NUM
cjfa-30366	498	7	)	)	PUNCT
cjfa-30366	498	8	.	.	PUNCT
cjfa-30366	499	1	a	a	DET
cjfa-30366	499	2	mathematical	mathematical	ADJ
cjfa-30366	499	3	theory	theory	NOUN
cjfa-30366	499	4	of	of	ADP
cjfa-30366	499	5	communication	communication	NOUN
cjfa-30366	499	6	.	.	PUNCT
cjfa-30366	500	1	the	the	DET
cjfa-30366	500	2	bell	bell	PROPN
cjfa-30366	500	3	system	system	PROPN
cjfa-30366	500	4	technical	technical	ADJ
cjfa-30366	500	5	journal	journal	NOUN
cjfa-30366	500	6	,	,	PUNCT
cjfa-30366	500	7	27	27	NUM
cjfa-30366	500	8	,	,	PUNCT
cjfa-30366	500	9	379–423	379–423	NUM
cjfa-30366	500	10	.	.	PUNCT
cjfa-30366	500	11	tao	tao	PROPN
cjfa-30366	500	12	,	,	PUNCT
cjfa-30366	500	13	c.	c.	PROPN
cjfa-30366	500	14	(	(	PUNCT
cjfa-30366	500	15	2011	2011	NUM
cjfa-30366	500	16	)	)	PUNCT
cjfa-30366	500	17	.	.	PUNCT
cjfa-30366	501	1	price	price	NOUN
cjfa-30366	501	2	discovery	discovery	NOUN
cjfa-30366	501	3	with	with	ADP
cjfa-30366	501	4	and	and	CCONJ
cjfa-30366	501	5	without	without	ADP
cjfa-30366	501	6	trading	trading	NOUN
cjfa-30366	501	7	on	on	ADP
cjfa-30366	501	8	the	the	DET
cjfa-30366	501	9	tokyo	tokyo	PROPN
cjfa-30366	501	10	stock	stock	NOUN
cjfa-30366	501	11	exchange	exchange	NOUN
cjfa-30366	501	12	.	.	PUNCT
cjfa-30366	502	1	international	international	ADJ
cjfa-30366	502	2	journal	journal	NOUN
cjfa-30366	502	3	of	of	ADP
cjfa-30366	502	4	behavioural	behavioural	ADJ
cjfa-30366	502	5	accounting	accounting	NOUN
cjfa-30366	502	6	and	and	CCONJ
cjfa-30366	502	7	finance	finance	NOUN
cjfa-30366	502	8	,	,	PUNCT
cjfa-30366	502	9	2(1	2(1	NUM
cjfa-30366	502	10	)	)	PUNCT
cjfa-30366	502	11	,	,	PUNCT
cjfa-30366	502	12	56	56	NUM
cjfa-30366	502	13	-	-	SYM
cjfa-30366	502	14	78	78	NUM
cjfa-30366	502	15	.	.	PUNCT
cjfa-30366	503	1	theissen	theissen	PROPN
cjfa-30366	503	2	,	,	PUNCT
cjfa-30366	503	3	e.	e.	PROPN
cjfa-30366	503	4	(	(	PUNCT
cjfa-30366	503	5	2000	2000	NUM
cjfa-30366	503	6	)	)	PUNCT
cjfa-30366	503	7	.	.	PUNCT
cjfa-30366	504	1	market	market	NOUN
cjfa-30366	504	2	structure	structure	NOUN
cjfa-30366	504	3	,	,	PUNCT
cjfa-30366	504	4	informational	informational	ADJ
cjfa-30366	504	5	efficiency	efficiency	NOUN
cjfa-30366	504	6	and	and	CCONJ
cjfa-30366	504	7	liquidity	liquidity	NOUN
cjfa-30366	504	8	:	:	PUNCT
cjfa-30366	504	9	an	an	DET
cjfa-30366	504	10	experimental	experimental	ADJ
cjfa-30366	504	11	comparison	comparison	NOUN
cjfa-30366	504	12	of	of	ADP
cjfa-30366	504	13	auction	auction	NOUN
cjfa-30366	504	14	and	and	CCONJ
cjfa-30366	504	15	dealer	dealer	NOUN
cjfa-30366	504	16	markets	market	NOUN
cjfa-30366	504	17	.	.	PUNCT
cjfa-30366	505	1	journal	journal	NOUN
cjfa-30366	505	2	of	of	ADP
cjfa-30366	505	3	financial	financial	ADJ
cjfa-30366	505	4	markets	market	NOUN
cjfa-30366	505	5	,	,	PUNCT
cjfa-30366	505	6	3(4	3(4	NUM
cjfa-30366	505	7	)	)	PUNCT
cjfa-30366	505	8	,	,	PUNCT
cjfa-30366	505	9	333	333	NUM
cjfa-30366	505	10	-	-	SYM
cjfa-30366	505	11	363	363	NUM
cjfa-30366	505	12	.	.	PUNCT
cjfa-30366	506	1	zheng	zheng	PROPN
cjfa-30366	506	2	,	,	PUNCT
cjfa-30366	506	3	y.	y.	PROPN
cjfa-30366	506	4	(	(	PUNCT
cjfa-30366	506	5	2017	2017	NUM
cjfa-30366	506	6	)	)	PUNCT
cjfa-30366	506	7	.	.	PUNCT
cjfa-30366	507	1	vpin	vpin	ADJ
cjfa-30366	507	2	and	and	CCONJ
cjfa-30366	507	3	china	china	PROPN
cjfa-30366	507	4	’s	’s	PART
cjfa-30366	507	5	circuit	circuit	NOUN
cjfa-30366	507	6	-	-	PUNCT
cjfa-30366	507	7	breaker	breaker	NOUN
cjfa-30366	507	8	.	.	PUNCT
cjfa-30366	508	1	international	international	ADJ
cjfa-30366	508	2	journal	journal	PROPN
cjfa-30366	508	3	of	of	ADP
cjfa-30366	508	4	economics	economic	NOUN
cjfa-30366	508	5	and	and	CCONJ
cjfa-30366	508	6	finance	finance	NOUN
cjfa-30366	508	7	,	,	PUNCT
cjfa-30366	508	8	9(12	9(12	NUM
cjfa-30366	508	9	)	)	PUNCT
cjfa-30366	508	10	,	,	PUNCT
cjfa-30366	508	11	126	126	NUM
cjfa-30366	508	12	-	-	SYM
cjfa-30366	508	13	133	133	NUM
cjfa-30366	508	14	.	.	PUNCT
cjfa-30366	509	1	http://dx.doi.org/10.5539/ijef.v9n12p126	http://dx.doi.org/10.5539/ijef.v9n12p126	PROPN
cjfa-30366	509	2	.	.	PUNCT