Third Market Broker‐Dealers: Cost Competitors or Cream Skimmers?

Multivariate Statistical Methods

2008 • 5,797 citations

Multivariate Statistical Methods.

1977 • 2,189 citations

The Cost of Transacting

1968 • 1,909 citations

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

1994 • 659 citations

Trade Size and Components of the Bid-Ask Spread

1995 • 563 citations

Cream‐Skimming or Profit‐Sharing? The Curious Role of Purchased Order Flow

1996 • 507 citations

The Economics of Liquidity Services

1972 • 440 citations

Posted versus effective spreads

1994 • 285 citations

Essentials of Investments

1992 • 282 citations

Why Do Security Prices Change? A Transaction-Level Analysis of Nyse Stocks

1996 • 275 citations

Market Integration and Price Execution for NYSE‐Listed Securities

1993 • 252 citations

Market Structures and Liquidity: A Transactions Data Study of Exchange Listings

1994 • 220 citations

Competition and the Pricing of Dealer Service in the Over-the-Counter Stock Market

1972 • 189 citations

An Analysis of Intraday Patterns in Bid/Ask Spreads for NYSE Stocks

1992 • 189 citations

Market Making, the Tick Size, and Payment-for-Order Flow: Theory and Evidence

1995 • 129 citations

UNLISTED TRADING PRIVILEGES, LIQUIDITY, AND STOCK RETURNS

1993 • 54 citations

Fragmentation Versus Consolidation of Securities Trading: Evidence From the Operation of Rule 19C‐3

1998 • 24 citations

An Empirical Study of the Effect of Rule 19c-3

1990 • 22 citations

An analysis of brokers' trading with applications to order flow internalization and off-exchange sales

1998 • 3 citations