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	param	t-stat
$ω$	1.0239	5.42
$α$	0.1128	10.63
$β$	0.8815	82.74
$γ_{1}$	0.3164	2.18
$γ_{2}$	-0.4294	-1.74
$γ_{3}$	0.1431	0.64

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NYSE Euronext Spline ILLIQ Liquidity Analysis

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News Impact Curve

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