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Our observation of a Weibull distribution for intertrade times of U.S. stocks appears to be quite different from the distribution of intertrade times of European Government bonds where a Mittag-Leffler functional form with an extended power-law tail was reported 40. While waiting times of up to (Formula presented) are comparatively frequent for European bonds, thus leading to extended tails, the longest intertrade times observed in our group of U.S. stocks are in the range of (Formula presented) and are rare [Fig. 22(b)], leading to stretched exponential tails
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Our observation of a Weibull distribution for intertrade times of U.S. stocks appears to be quite different from the distribution of intertrade times of European Government bonds where a Mittag-Leffler functional form with an extended power-law tail was reported 40. While waiting times of up to (Formula presented) are comparatively frequent for European bonds, thus leading to extended tails, the longest intertrade times observed in our group of U.S. stocks are in the range of (Formula presented) and are rare [Fig. 22(b)], leading to stretched exponential tails.
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