customers' repeated attempts to trade (successful and unsuccessful). We estimate that it takes two to three days to complete a … transaction after an unsuccessful attempt, with substantial variation depending on trade and customer characteristics. Our …

size, trade size and the money management firm's identity, costs are lower on Nasdaq for trades in comparatively smaller …

quotes. The bid-ask spreads in the broking system are much more time- variant and dependent on the frequency of trade, while …

quoted spreads. This measure of transaction costs shows that trading costs are systematically related to a trade's size …

forced to sell their stock. However, buyers will usually be able to choose the time at which they trade. It will be optimal … for them to minimize the probability of trading with informed investors by choosing an appropriate time to trade and …

Using a novel database, we show that the stock-price impact of analyst trade ideas is at least as large as the impact … of stock recommendation, target price, and earnings forecast changes, and that investors following trade ideas can earn … significant abnormal returns. Trade ideas triggered by forthcoming firm catalyst events are more informative than ideas exploiting …