Execution Costs of Institutional Equity Orders

Bid, ask and transaction prices in a specialist market with heterogeneously informed traders

1985 • 6,148 citations

Estimating the components of the bid/ask spread

1988 • 1,681 citations

The Components of the Bid-Ask Spread: A General Approach

1997 • 1,198 citations

Dealer versus auction markets: A paired comparison of execution costs on NASDAQ and the NYSE

1996 • 1,096 citations

Why do NASDAQ Market Makers Avoid Odd‐Eighth Quotes?

1994 • 792 citations

Transactions costs and investment style: an inter-exchange analysis of institutional equity trades

1997 • 658 citations

Estimation of the Bid–Ask Spread and Its Components: A New Approach

1991 • 630 citations

Anatomy of the trading process empirical evidence on the behavior of institutional traders

1995 • 484 citations

Components of the Bid‐Ask Spread and the Statistical Properties of Transaction Prices

1987 • 362 citations

Posted versus effective spreads

1994 • 285 citations

The Total Cost of Transactions on the NYSE

1988 • 283 citations

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

1994 • 220 citations

Institutional Equity Trading Costs: NYSE Versus Nasdaq

1997 • 203 citations

Competition and Collusion in Dealer Markets

1997 • 182 citations

Trading Mechanisms and the Components of the Bid‐Ask Spread

1994 • 179 citations

Clustering and Competition in Asset Markets

1997 • 156 citations

Bid-ask spreads and the avoidance of odd-eighth quotes on Nasdaq: An examination of exchange listings

1997 • 149 citations

The Puzzle in Post‐Listing Common Stock Returns

1987 • 107 citations

Do institutions receive comparable execution in the NYSE and Nasdaq markets? A transaction study of block trades

1997 • 96 citations

MARKET REACTION TO NYSE LISTINGS: TESTS OF THE MARKETABILITY GAINS HYPOTHESIS

1986 • 79 citations

Best Execution

1993 • 73 citations

Equity Trading Practices and Market Structure: Assessing Asset Managers’ Demand for Immediacy

2001 • 45 citations

THE INFORMATIONAL VALUE OF LISTING ON THE NEW YORK STOCK EXCHANGE

1986 • 42 citations

Institutional Trading and Soft Dollars

1998 • 31 citations