---
title: Is Liquidity Provision Informative? Evidence From Agricultural Futures Markets
url: https://www.ml-quant.com/papers/ssrn/4795329/
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 4795329
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4795329
featured: 2024-04-17
citations: 2
topic: Trading, Microstructure & Execution
---


# Is Liquidity Provision Informative? Evidence From Agricultural Futures Markets

A study of the Chicago Mercantile Exchange's futures markets shows that aggressive trades and limit orders significantly contribute to price discovery, with most limit orders providing uninformed liquidity.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4795329
- Identifier: SSRN 4795329
- Released: 2024-02-15
- First featured: Quant Letter No. 45 (2024-04-17): https://www.ml-quant.com/issues/2024-04-17/
- Citations (Semantic Scholar): 2
- Published in: not yet
- Topic: Trading, Microstructure & Execution

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