Breaking the Eighth: Sixteenths on the New York Stock Exchange

Inferring Trade Direction from Intraday Data

1991 • 2,983 citations

The Cost of Transacting

1968 • 1,909 citations

On the Estimation of Security Price Volatilities from Historical Data

1980 • 1,466 citations

An Empirical Analysis of the Limit Order Book and the Order Flow in the Paris Bourse

1995 • 1,102 citations

Minimum Price Variations, Discrete Bid–Ask Spreads, and Quotation Sizes

1994 • 659 citations

Stock Price Clustering and Discreteness

1991 • 585 citations

Tick Size, Share Prices, and Stock Splits

1997 • 377 citations

Market Integration and Price Execution for NYSE‐Listed Securities

1993 • 252 citations

The Behavior of Stock Prices Around Institutional Trades

1995 • 211 citations

Tick Size, Spread, and Volume

1996 • 176 citations

Trading Cost: The Critical Link Between Investment Information and Results

1983 • 171 citations

Does a Large Minimum Price Variation Encourage Order Exposure

1996 • 134 citations

New York Stock Exchange Systems and Trading Procedures

1996 • 129 citations

Decimalization: A Review of the Arguments and Evidence

1997 • 93 citations

MUTUAL FUND BROKERAGE COMMISSIONS

1996 • 61 citations

The stock exchange specialist system : an economic analysis

1985 • 58 citations

The Impact of Decimalization on Market Quality: An Empirical Investigation of the Toronto Stock Exchange

1996 • 57 citations

Hidden Limit Orders on the NYSE

1995 • 46 citations

Tick Size, Spread and Volume

1998 • 35 citations

Execution Costs and Investment Performance: An Empirical Analysis of Institutional Equity Trades

1998 • 35 citations

A Comparison of Trade Execution Costs for NYSE and Nasdaq- Listed Stocks

1996 • 33 citations

The Quotation Behavior of ECNs and Nasdaq Market Makers

1998 • 27 citations

Long–Run Trends in Equity Turnover

1990 • 24 citations

Endogenous Changes in the Minimum Tick: An Analysis of Nasdaq Securities Trading Near Ten Dollars

1997 • 22 citations

The portfolio turnover explosion explored

1987 • 14 citations

Decimal Stock Pricing: Dragging the Securities Industry into the Twenty-First Century

1993 • 13 citations

Decimal Pricing: Nickel Markets

1997 • 8 citations

Decimal Quotes: The Price is Right

1996 • 8 citations

Tick Size and Market Quality

2005 • 6 citations