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
β 109 KB
π 1 views
## 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