---
title: Market Participation and Liquidity Effects of Arms Sales in Financial Markets
url: https://www.ml-quant.com/papers/ssrn/4535299/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4535299
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4535299
featured: 2023-08-09
citations: unknown
topic: Trading, Microstructure & Execution
---


# Market Participation and Liquidity Effects of Arms Sales in Financial Markets

The sale of trading advantages can lead to lower market participation and liquidity, causing less sophisticated investors to leave the market due to perceived unfairness.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4535299
- Identifier: SSRN 4535299
- Released: 2022-06-30
- First featured: Quant Letter No. 11 (2023-08-09): https://www.ml-quant.com/issues/2023-08-09/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Trading, Microstructure & Execution

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