4 ms·
"A U.S. Government Accountability Office study in 2005 showed that bid-ask spreads compressed by as much as 80% immediately following decimalization, well befor
by gammarator 11y ago
"A U.S. Government Accountability Office study in 2005 showed that bid-ask spreads compressed by as much as 80% immediately following decimalization, well before high frequency trading came to dominate markets, and well before this author's time frame."
http://www.amazon.com/review/R28Y8AI4PIPYZ2/ref=cm_cd_pg_next?ie=UTF8&asin=B00P0QI2M2&cdForum=Fx18U5VH3QDOTQY&cdPage=2&cdThread=Tx3HBK21NVZMJXG&store=digital-text#wasThisHelpful http://www.amazon.com/review/R28Y8AI4PIPYZ2/ref=cm_cd_pg_nex...