Illinois Digital Environment for Access to Learning and Scholarship (University of Illinois at Urbana-Champaign) · 1988 · 58 citations · 0 references
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BusinessEconomicsFinanceCommodity MarketsFinancial EconomicsFinancial MarketsCommodity DerivativesCommodity SpeculationFutures MarketsLiquidityLiquidity RiskMarket LiquidityCommodity Market LiquidityCommodity Price Term StructureFutures Market LiquidityFutures Market RiskLiquidity In Futures Markets
Branch and Freed; and Stoll (1978a , 1973b) ] indicates that certain common factors influence the bid-ask spread including the pace of trading activity, or trading volume, and the price of a security.Other factors including price volatility, competition be -.'/sen markets and market-makers, and the market-maker's financial conditijn ->ave been shown to have importance in one or another of the studies.