On the trading volume and time effects on the bid-ask spread components of NYSE and NASDAQ common stocks
The study of the bid-ask spreads of stocks is important since they constitute the mechanism through which trading costs are incorporated into prices and recovered by market-makers. Realized spreads are a measure of the trading costs which private and institutional investors have to cover whereas quo...
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University of Warwick
2004
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.403135 |