## Abstract This study investigates the impact of reducing the contract size threshold for offβmarket trading on transaction costs in an options market. This study provides evidence that market makers compete more aggressively for smallβtoβmedium trades and quote midβsize depths more often after th
β¦ LIBER β¦
Preferenced Trading, Quote Competition, and Market Quality: Evidence from Decimalization on the NYSE
β Scribed by Wei Huang; S. Ghon Rhee; Ning Tang
- Book ID
- 109178326
- Publisher
- John Wiley and Sons
- Year
- 2010
- Tongue
- English
- Weight
- 168 KB
- Volume
- 45
- Category
- Article
- ISSN
- 0732-8516
No coin nor oath required. For personal study only.
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## Abstract During 1999 and 2000, three major futures exchanges transferred trading in stock index futures from open outcry to electronic markets: the London International Financial Futures and Options Exchange (LIFFE); the Sydney Futures Exchange (SFE); and the Hong Kong Futures Exchange (HKFE). T