Purpose – The purpose of this paper is to present new empirical evidence on global trends in equity‐related transaction costs and trading volume, as well as to highlight recent research in international market microstructure. Design/methodology/approach – Estimates of brokerage...

Purpose – The purpose of this paper is to present new empirical evidence on global trends in equity-related transaction costs and trading volume, as well as to highlight recent research in international market microstructure. Design/methodology/approach – Estimates of brokerage commissions,...