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set amount Question 23 15 Kervel and Menkveld (2019) find the HFTS leading block traders to incur large institutional orders on their orders. lean against

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set amount Question 23 15 Kervel and Menkveld (2019) find the HFTS leading block traders to incur large institutional orders on their orders. "lean against the wind" around; no price impact "go with the wind around": larger permanent price impact O "go with the wind" around; temporary price impact front-run; significant losses

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