This paper examines the effects of different call frequency regimes on the Taiwan Stock Exchange from 2013 to 2015. The interim performance of the call mechanism during its transition to higher frequencies is investigated, and market liquidity, volatility, and efficiency are used to measure market quality. Regarding active stocks, when the call frequency increases, depth and intraday market volatility improve but trading volume declines significantly. For inactive stocks, the increase in trading frequency leads to a significant improvement in trading volume, spread and intraday volatility. However, depth declines and market efficiency decreases significantly.
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