01303nas a2200169   4500008004100000245010100041210006900142260000900211300001200220490000700232520070200239653001200941100001800953700001600971700001600987856013001003       2008                        eng d00aRelative Performance of Trading Halts and Price Limits: Evidence from the Spanish Stock Exchange0 aRelative Performance of Trading Halts and Price Limits Evidence   c2008  a197-2150 v173 aWe study the relative performance of trading halts and price limits using data from the Spanish Stock Exchange where both mechanisms have coexisted. According to our evidence, trading activity increases after either mechanism is triggered. Volatility stays the same after trading halts but increases after price limit hits. Our evidence also shows that the bid–ask spread is narrower after trading halts but wider after price limit hits. Information is efficiently reflected in stock prices once trading resumes after trading halts, but there is evidence of market overreaction for upper price limits. Our overall result may have important policy implications for financial markets in the world.10aFinance1 aKim, Yong, H.1 aYague, Jose1 aYang, Jimmy  u/biblio/relative-performance-trading-halts-and-price-limits-evidence-spanish-stock-exchange-0