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Adverse selection and bid–ask spreads: Evidence from closed-end funds

✍ Scribed by Robert Neal; Simon M Wheatley


Book ID
117769265
Publisher
Elsevier Science
Year
1998
Tongue
English
Weight
163 KB
Volume
1
Category
Article
ISSN
1386-4181

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Does adverse selection affect bid–ask sp
✍ Söhnke M. Bartram; Frank Fehle; David G. Shrider 📂 Article 📅 2008 🏛 John Wiley and Sons 🌐 English ⚖ 302 KB

## Abstract This study examines two different option markets to test whether differences in the level of adverse selection faced by market makers affect the size of bid–ask spreads. The data are from bank‐issued options that trade on EuWax, where market makers face little adverse selection and trad