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A Cross-Market Comparison of Institutional Equity Trading Costs

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NBER1995-12-01 更新2025-01-04 收录
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We compare execution costs (market impact plus commission) on the New York Stock Exchange (NYSE) and on Nasdaq for institutional investors. The differences in cost generally conform to each market's area of specialization. Controlling for firm size, trade size and the money management firm's

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1995-12-01
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