Ardalan K.The no-arbitrage condition and financial markets with transaction costs and heterogeneous information: the bid-ask spread. Global Finance Journal . 1999Ardalan, K.: The no-arbitrage condition and financial markets with transaction costs and heterogeneous information. Global Finance Journal ...
This paper studies the effect of the bid-ask spread on asset pricing. We analyze a model in which investors with different expected holding periods trade assets with different relative spreads. The resulting testable hypothesis is that market-observed expexted return is an increasing and concave fu...
The bid-ask spread exists because of ___. A. market inefficiencies B. dis
The bid-ask spread eists because of ___. A. market inefficiencies B. disc
We find that most of the factors affecting the size of the bid--ask spread for covered warrants are common to those affecting the bid--ask spread of regular options (such as hedging costs and order processing costs). However, we also find two results that are specific to covered warrants....
cross the spread 是说“穿过” the spread.比如买一99，卖一101，join the bid就是挂一个99的买单...
1. What is the bid-ask spread? The bid-ask spread represents the difference between the highest price a buyer is willing to pay (the bid price) and the lowest price a seller is ready to accept (the ask price). An asset with a smaller bid-ask spread generally indicates higher demand....
cross the spread是说“穿过” the spread.比如买一99，卖一101，join the bid就是挂一个99的买单，...
Learn about price quotes and the bid and ask prices, plus learn how the bid and ask prices affect trading strategies, trading costs, liquidity and the type of order you use to trade.
Boothe, P. (1988): Exchange rate risk and the bid-ask spread: a seven country comparison, Economic Inquiry, vol. 26(3), pp. 485-492.Boothe, P. (1998), Exchange rate risk and the bid-ask spread: a seven country comparison, Economic Inquiry, 26: 485-492....