An Approach to the Measurement of Stock Liquidity
股票流动性的度量方法

Open\|end funds require that the fund managers have the obligation of redemption, which makes it important for fund portfolios to have liquidity. Based upon the investigation of current methods of measuring liquidity, this paper proposes a new way of measuring stock liquidity from the point of view of market microstructure. The method provides a valuable reference for fund managers to select portfolios.