Transaction Costs in Dealer Markets: Evidence from the London Stock Exchange
Published Date
Copyright 1996
ISBN 0226488470
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Copy CitationThe Industrial Organization and Regulation of the Securities Industry (University of Chicago Press, 1996), chap. 5, https://www.nber.org/books-and-chapters/industrial-organization-and-regulation-securities-industry/transaction-costs-dealer-markets-evidence-london-stock-exchange.
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Published From Paper
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Working Paper
This paper describes regularities in the intraday spreads and prices quoted by dealers on the London Stock Exchange....