The paper investigates the influence of price limit on price fluctuation and market liquidity in the light of the financial market microstructure theory.

文章调查了价格限制机制对股票价格波动以及市场流动性的影响。

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Research on the features of limit order books under continuous double auction mechanism in the order-driven market is an important field of financial market microstructure theory.

研究指令驱动市场连续竞价阶段的限价指令簿特征是金融市场微观结构理论的一个重要组成部分。

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Financial market microstructure theory, which is to research the characteristics and internal rules of the financial market, has become one of the focus issues in the research of financial field.

金融市场微观结构理论已成为当今金融研究领域的一个热点之一，是从微观的角度去研究金融市场的特性和内在规律。

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