haku: @indexterm duality / yhteensä: 19
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| Tekijä: | Sarkar, A. |
| Otsikko: | Dual trading: winners, losers, and market impact |
| Lehti: | Journal of Financial Intermediation
1995 : JAN, VOL. 4:1, p. 77-93 |
| Asiasana: | TRADE MODELS DUALITY |
| Kieli: | eng |
| Tiivistelmä: | The author shows that dual trading reduces the net order flow and market depth. Trading volume and gross (of commission fees) profits of informed traders are lower with dual trading, while trading volume and gross losses of uninformed traders are unaffected. When the broker's commission income is independent of the customer's trading volume, the competitive commission fee is lower with dual trading. |
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