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Diffusion Limit of Poisson Limit-Order Book Models

Probability 2022-03-30 v2

Abstract

This ia a companion paper to Almost, Lehoczky, Shreve & Yu \cite{ALSY}, where the rationale for studying the diffusion limit of Poisson limit-order book models is explained and the results of a particular "representative" model are detailed. This paper contains the proofs and technical details cited in that work.

Keywords

Cite

@article{arxiv.2008.01155,
  title  = {Diffusion Limit of Poisson Limit-Order Book Models},
  author = {Christopher Almost and John Lehoczky and Steven Shreve and Xiaofeng Yu},
  journal= {arXiv preprint arXiv:2008.01155},
  year   = {2022}
}

Comments

89 pages

R2 v1 2026-06-23T17:36:54.093Z