Adverse Selection and Cross-Venue Spread Widening Under a Trade-Policy Shock: Evidence from Nanosecond-Resolution Order Book Data Around the April 2025 Liberation Day Tariff Announcement

Boon Chuan Lim

doi:10.2139/ssrn.6616319

Market microstructure

Adverse Selection and Cross-Venue Spread Widening Under a Trade-Policy Shock: Evidence from Nanosecond-Resolution Order Book Data Around the April 2025 Liberation Day Tariff Announcement

Boon Chuan Lim · 2026

Status: Working paper / preprint
Year: 2026
Primary DOI: 10.2139/ssrn.6616319

This entry is a working paper or preprint. It is not listed as a published journal article. Consult the linked source for its latest version.

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SSRN 6616319 ↗

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Lim, B. C. (2026). Adverse Selection and Cross-Venue Spread Widening Under a Trade-Policy Shock: Evidence from Nanosecond-Resolution Order Book Data Around the April 2025 Liberation Day Tariff Announcement. Working paper. https://doi.org/10.2139/ssrn.6616319

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Public bibliographic metadata checked on 11 October 2026.