Are Investor’s Splitting Orders ?: A Literature Studies

The purpose of this study is to analyses investor order splitting behavior in various exchanges market with a literature study approach. This study uses a literature study from various international journals and is reputable. The main finding of this study is that investors are reluctant to provide information to other investors. The behavior of investors who are reluctant to provide information to other investors is informed investors. Reluctance to provide information to other investors due to worry because the information is known by other investors so they cannot maintain the return that has been obtained from the superiority of information. So, to protect the information, informed investors break the trading orders they have into the size of intermediate trade.