@misc{lim2026_ssrn_6732245,
  author = {Lim, Boon Chuan},
  title = {High-Frequency Phantom Liquidity: Evidence that REST API Measurements Severely Underestimate Market Quality Issues},
  year = {2026},
  doi = {10.2139/ssrn.6732245},
  url = {https://doi.org/10.2139/ssrn.6732245},
  note = {Working paper / preprint}
}