Information precision, transaction costs, and trading volume
โ Scribed by Orie E. Barron; Jonathan M. Karpoff
- Book ID
- 117528620
- Publisher
- Elsevier Science
- Year
- 2004
- Tongue
- English
- Weight
- 237 KB
- Volume
- 28
- Category
- Article
- ISSN
- 0378-4266
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
## Introduction he controversy created by "Black Monday" and the recent stock market crash Many of the proposals to deal with the perceived increased volatility' are actually proposals to increase market frictions by increasing transaction costs, increasing margins, limiting arbitrage, or banning
## Abstract On May 10, 1999, the London International Financial Futures and Options Exchange (LIFFE) transferred trading in the Financial Times Stock Exchange (FTSE) 100 Index futures contracts from outcry to LIFFE CONNECT, its electronic trading system. We find lower spreads in the electronic mark