Payment for Order Flow And Asset Choice
收藏NBER2022-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29883
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资源简介：
The paper documents important differences in payment for order flow (PFOF), spreads, and price improvement across asset classes. In stocks we show that PFOF is small. While many retail trades are executed off-exchange, we find that they receive meaningful price improvement, particularly when spreads
提供机构：
美国国家经济研究局
创建时间：
2022-03-01
