메뉴 건너뛰기




Volumn 36, Issue 4, 2001, Pages 503-522

Tick size, bid-ask spreads, and market structure

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0035732495     PISSN: 00221090     EISSN: None     Source Type: Journal    
DOI: 10.2307/2676222     Document Type: Article
Times cited : (61)

References (29)
  • 2
    • 0003375783 scopus 로고    scopus 로고
    • Decimalization and competition among stock markets: Evidence from the toronto stock exchange cross-listed securities
    • _. "Decimalization and Competition among Stock Markets: Evidence from the Toronto Stock Exchange Cross-Listed Securities." Journal of Financial Markets, 1 (1998), 51-87.
    • (1998) Journal of Financial Markets , vol.1 , pp. 51-87
  • 3
    • 0031116703 scopus 로고    scopus 로고
    • The impact of decimalization on market quality: An empirical investigation of the toronto stock exchange
    • Bacidore, J. M. "The Impact of Decimalization on Market Quality: An Empirical Investigation of the Toronto Stock Exchange." Journal of Financial Intermediation, 6 (1997), 92-120.
    • (1997) Journal of Financial Intermediation , vol.6 , pp. 92-120
    • Bacidore, J.M.1
  • 8
    • 21844522948 scopus 로고
    • Market making, the tick size, and payment-for-order flow: Theory and evidence
    • Chordia, T., and A. Subrahmanyam. "Market Making, the Tick Size, and Payment-for-Order Flow: Theory and Evidence." Journal of Business, 68 (1995), 543-575.
    • (1995) Journal of Business , vol.68 , pp. 543-575
    • Chordia, T.1    Subrahmanyam, A.2
  • 9
    • 84993915181 scopus 로고
    • Why do NASDAQ market makers avoid odd-eighth quotes?
    • Christie, W. G., and P. H. Schultz. "Why Do NASDAQ Market Makers Avoid Odd-Eighth Quotes? Journal of Finance, 49 (1994), 1813-1840.
    • (1994) Journal of Finance , vol.49 , pp. 1813-1840
    • Christie, W.G.1    Schultz, P.H.2
  • 11
    • 0010894329 scopus 로고    scopus 로고
    • Competition and collusion in dealer markets
    • Dutta, P., and A. Madhavan. "Competition and Collusion in Dealer Markets." Journal of Finance, 52 (1997), 245-276.
    • (1997) Journal of Finance , vol.52 , pp. 245-276
    • Dutta, P.1    Madhavan, A.2
  • 12
    • 0034553753 scopus 로고    scopus 로고
    • The accuracy of trade classification rules: Evidence from nasdaq
    • Ellis, K.; R. Michaely; and M. O'Hara. "The Accuracy of Trade Classification Rules: Evidence from Nasdaq." Journal of Financial and Quantitative Analysis, 35 (2000), 529-551.
    • (2000) Journal of Financial and Quantitative Analysis , vol.35 , pp. 529-551
    • Ellis, K.R.M.1    O'Hara, M.2
  • 13
    • 0034557006 scopus 로고    scopus 로고
    • A direct test of methods for inferring trade direction from intra-day data
    • Finucane, T. "A Direct Test of Methods for Inferring Trade Direction from Intra-Day Data." Journal of Financial and Quantitative Analysis, 35 (2000), 553-576.
    • (2000) Journal of Financial and Quantitative Analysis , vol.35 , pp. 553-576
    • Finucane, T.1
  • 15
    • 0000621934 scopus 로고
    • Stock price clustering and discreteness
    • Harris, L. E. "Stock Price Clustering and Discreteness." Review of Financial Studies, 4 (1991), 389-415.
    • (1991) Review of Financial Studies , vol.4 , pp. 389-415
    • Harris, L.E.1
  • 16
    • 0000621934 scopus 로고
    • Minimum price variations, discrete bid-ask spreads, and quotations sizes
    • _. "Minimum Price Variations, Discrete Bid-Ask Spreads, and Quotations Sizes." Review of Financial Studies, 4 (1994), 389-415.
    • (1994) Review of Financial Studies , vol.4 , pp. 389-415
  • 17
    • 84925135657 scopus 로고
    • The dynamics of dealer markets under competition
    • Ho, T., and H. R. Stoll. "The Dynamics of Dealer Markets under Competition." Journal of Finance, 38 (1983), 1053-1074.
    • (1983) Journal of Finance , vol.38 , pp. 1053-1074
    • Ho, T.1    Stoll, H.R.2
  • 18
    • 0030191637 scopus 로고    scopus 로고
    • Dealer versus auction markets: A paired comparison of execution costs on nasdaq and the nYSE
    • Huang, R., and H. Stoll. "Dealer versus Auction Markets: A Paired Comparison of Execution Costs on Nasdaq and the NYSE." Journal of Financial Economics, 41 (1996), 313-357.
    • (1996) Journal of Financial Economics , vol.41 , pp. 313-357
    • Huang, R.1    Stoll, H.2
  • 19
    • 0003256425 scopus 로고    scopus 로고
    • Sixteenths: Direct evidence on institutional trading costs
    • Jones, C. M., and M. L. Lipson. "Sixteenths: Direct Evidence on Institutional Trading Costs." Journal of Financial Economics, 59 (2001), 253-278.
    • (2001) Journal of Financial Economics , vol.59 , pp. 253-278
    • Jones, C.M.1    Lipson, M.L.2
  • 20
    • 84993907815 scopus 로고
    • Price impacts of block trading on the NYSE
    • Kraus, A., and H. Stoll. "Price Impacts of Block Trading on the NYSE." Journal of Finance, 27 (1972), 569-588.
    • (1972) Journal of Finance , vol.27 , pp. 569-588
    • Kraus, A.1    Stoll, H.2
  • 21
    • 0000562252 scopus 로고
    • Reducing tick size on the stock exchange of Singapore
    • Lau, S. T., and T. H. McInish. "Reducing Tick Size on the Stock Exchange of Singapore." Pacific-Basin Finance Journal, 3 (1995), 485-496.
    • (1995) Pacific-basin Finance Journal , vol.3 , pp. 485-496
    • Lau, S.T.1    McInish, T.H.2
  • 22
    • 84977730741 scopus 로고
    • Inferring trade direction from intraday data
    • Lee, C. M. C., and M. Ready. "Inferring Trade Direction from Intraday Data." Journal of Finance, 46 (1991), 733-746.
    • (1991) Journal of Finance , vol.46 , pp. 733-746
    • Lee, C.M.C.1    Ready, M.2
  • 23
    • 0002304338 scopus 로고    scopus 로고
    • Inferring investor behavior: Evidence from TORQ data
    • Lee, C. M. C., and B. Radhakrishna. "Inferring Investor Behavior: Evidence from TORQ Data." Journal of Financial Markets, 3 (2000), 83-111.
    • (2000) Journal of Financial Markets , vol.3 , pp. 83-111
    • Lee, C.M.C.1    Radhakrishna, B.2
  • 24
    • 0001166896 scopus 로고    scopus 로고
    • On the occurrence and consequences of inaccurate trade classification
    • Odders-White, E. R. "On the Occurrence and Consequences of Inaccurate Trade Classification." Journal of Financial Markets, 3 (2000), 259-286.
    • (2000) Journal of Financial Markets , vol.3 , pp. 259-286
    • Odders-White, E.R.1
  • 25
  • 27
    • 0034551551 scopus 로고    scopus 로고
    • Regulatory and legal pressures and the costs of nasdaq trading
    • Schultz, P. "Regulatory and Legal Pressures and the Costs of Nasdaq Trading." Review of Financial Studies, 13 (2000) 917-957.
    • (2000) Review of Financial Studies , vol.13 , pp. 917-957
    • Schultz, P.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.