The impact of off-market trading on liqu
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Andrew Lepone; Jin Young Yang
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Article
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2009
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John Wiley and Sons
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English
⚖ 109 KB
👁 1 views
## Abstract This study investigates the impact of reducing the contract size threshold for off‐market trading on transaction costs in an options market. This study provides evidence that market makers compete more aggressively for small‐to‐medium trades and quote mid‐size depths more often after th