Trading Activity and Transaction Costs in Structured Credit Products

After conducting the first study of secondary trading in structured credit products, the authors report that the majority of products did not trade even once during the 21-month sample. Execution costs averaged 24 bps when trades occurred and were considerably higher for products with a greater proportion of retail-size trades. The authors estimate that the introduction of public trade reporting would decrease trading costs in retail-oriented products by 5-7 bps

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Year of publication:	2014
Authors:	Bessembinder, Hendrik
Other Persons:	Maxwell, William F. (contributor) ; Venkataraman, Kumar (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Transaktionskosten \| Transaction costs \| Kostenstruktur \| Cost structure \| Derivat \| Derivative \| Handelsvolumen der Börse \| Trading volume \| Portfolio-Management \| Portfolio selection

Extent:	1 Online-Ressource (26 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Financial Analysts Journal, Vol. 69, No. 6, 2013 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 20, 2013 erstellt
Other identifiers:	10.2139/ssrn.2180961 [DOI]
Classification:	G10 - General Financial Markets. General ; G20 - Financial Institutions and Services. General ; G28 - Government Policy and Regulation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013065001