@article{Ragan2003,
  title = {An {{Intraday Analysis}} of the {{Mexican Stock Exchange}}},
  author = {{Kent P. Ragan} and {Francis E. Laatsch}},
  year = 2003,
  journal = {The Journal of Accounting and Finance Research},
  volume = {11},
  pages = {48--57},
  abstract = {This paper provides an intraday analysis of the Mexican Stock Exchange. Although the structure of this developing market differs from that of the U.S., intraday patterns are similar: volume, returns, standard deviations, bid-ask spreads and the spread adverse selection component follow U-shaped patterns throughout the trading day.  We examine the effect of competition from U.S. markets by comparing intraday behavior of Mexican stocks with and without American Depositary Receipts (ADRs).}
}