haku: @author Naik, N. Y. / yhteensä: 5
viite: 4 / 5
| Tekijä: | Hansch, O. Naik, N. Y. Viswanathan, S. |
| Otsikko: | Preferencing, internalization, best execution, and dealer profits |
| Lehti: | Journal of Finance
1999 : OCT, VOL. 54:5, p. 1799-1828 |
| Asiasana: | Securities Stock markets Prices Stock exchanges Investments United Kingdom Europe |
| Kieli: | eng |
| Tiivistelmä: | The practices of preferencing and internalization have been alleged to support collusion, cause worse execution, and lead to wider spreads in dealership style markets relative to auction style markets. For a sample of London Stock Exchange (U.K.) stocks, it is found that preferenced trades pay higher spreads, however, they do not generate higher dealer profits. |
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