Trading Mechanisms and the Components of the Bid-Ask Spread

• 1 September 1994
• journal article
• Published by JSTOR in The Journal of Finance
• Vol. 49  (4) , 1471-1488
• https://doi.org/10.2307/2329194

Abstract

Keywords

• ADVERSE SELECTION
• ASK SPREAD
• BID
• TRADING MECHANISMS
• NASDAQ/NMS
• STOCK EXCHANGE
• TRADED STOCKS
• RELATIVE MAGNITUDES