haku: @author Kaufman, H. / yhteensä: 1
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| Tekijä: | Bessembinder, H. Kaufman, H. |
| Otsikko: | A comparison of trade execution costs for NYSE and NASDAQ-listed stocks |
| Lehti: | Journal of Financial and Quantitative Analysis
1997 : SEP, VOL. 32:3, p. 287-310 |
| Asiasana: | TRADE COSTS STOCK MARKETS |
| Kieli: | eng |
| Tiivistelmä: | The authors compare average trade execution costs during 1994 for sets of large, medium, and small capitalization stocks listed on the New York and NASDAQ stock markets. All measures of execution costs examined, including quoted bid-ask spreads, effective spreads, and realised spreads are larger for NASDAQ-listed than for NYSE-listed stocks. The differentials in average trading costs across exchanges are greater for medium and small capitalization issues than for a large capitalization stocks and are greater for small compared to large trades. |
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