Search Results - subject:"Trading cost"

Impact of MiFID II tick-size regime on equity markets : evidence from the LSE

Favaretto, Eros; Lepone, Andrew; Lepone, Grace - In: European financial management : the journal of the … 29 (2023) 1, pp. 109-149

Persistent link: https://www.econbiz.de/10014253884

How Effective are Stock Market Reforms in Emerging Market Economies? Evidence from a Panel VAR Model of the Indian Stock Market

Bhaumik, Sumon Kumar; Chakrabarty, Manisha; Kutan, Ali M.; … - 2018

and information cost in India’s secondary market for equity, on trading cost and trading volume. In particular, we focus … reduced or eliminated counterparty risk had an economically meaningful/significant impact on trading cost and volume. We also …-cap firms – trading cost Granger causes volume but the reverse is not true, and for small-cap firms there is no causal …

Persistent link: https://www.econbiz.de/10011950270

How effective are stock market reforms in emerging market economies? : evidence from a panel VAR model of the Indian stock market

Bhaumik, Sumon Kumar; Chakrabarty, Manisha; Kutan, Ali … - 2018

and information cost in India’s secondary market for equity, on trading cost and trading volume. In particular, we focus … reduced or eliminated counterparty risk had an economically meaningful/significant impact on trading cost and volume. We also …-cap firms - trading cost Granger causes volume but the reverse is not true, and for small-cap firms there is no causal …

Persistent link: https://www.econbiz.de/10012163063

Municipal bond markets

Cestau, Dario; Hollifield, Burton; Li, Dan; Schürhoff, … - 2018

The effective functioning of the municipal bond market is crucial for the provision of public services, as it is the largest capital market for state and municipal issuers. Prior research has documented tax, credit, liquidity, and segmentation effects in municipal bonds. Recent regulatory...

Persistent link: https://www.econbiz.de/10011938223

Dealer Networks

Li, Dan; Schurhoff, Norman - Federal Reserve Board (Board of Governors of the … - 2014

Dealers in over-the-counter securities form networks to mitigate search frictions. The audit trail for municipal bonds shows the dealer network has a core-periphery structure. Central dealers are more efficient at matching buyers and sellers than peripheral dealers, which shortens intermediation...

Persistent link: https://www.econbiz.de/10011095300

Search Costs: The Neglected Spread Component

Flood, Mark D.; Huisman, Ronald; Koedijk, Kees G.; … - Institute of Business and Economic Research (IBER), … - 2012

bonds, and the London Stock Exchange). This search affects trading cost. We estimate the share of total trading cost …

Persistent link: https://www.econbiz.de/10010641651

Forecasting Market Impact Costs and Identifying Expensive Trades

Bikker, Jacob; Spierdijk, Laura; Hoevenaars, Roy; … - de Nederlandsche Bank - 2006

that model-based forecasts can play in trading cost management. …

Persistent link: https://www.econbiz.de/10005021846