The magic of certain numbers:

This thesis gives insight into the differences between emerging and developed stock markets on the phenomenon of price clustering. A country comparison is made, based on the level of development of the relevant stock markets (developed vs. emerging). Stock Exchanges considered are the Australian Stock Exchange, the NYSE and the Dutch Stock Market, which are all developed Stock Markets; and the Bolsa Mexicana de Valores, the Shanghai and Shenzhen Stock Exchange in China and the Singapore Stock Exchange (SES), which are the emerging markets. Results show clear differences, and various reasons pushing behind the different results are discussed.