Why Do Larger Orders Receive Discounts on the London Stock Exchange

Keywords

Stock (firearms), Stock exchange, Economics, Business, Finance

References

• Corporate bond market microstructure and transparency - the US experienceAmy K. Edwards — 2006
• Persistence, Performance and Prices in Foreign Exchange MarketsTarun Ramadorai — 2006
• Transaction Costs in Dealer Markets: Evidence from the London Stock ExchangePeter Reiss, Ingrid M. Werner — 1994
• Adverse Selection in Dealers' Choice of Interdealer Trading SystemPeter Reiss, Ingrid M. Werner — 1999
• Price Improvement In Dealership MarketsMatthew Rhodes‐Kropf — 2005
• Reputation-Based Pricing and Price Improvements in Dealership MarketsGabriel Desgranges, Thierry Foucault — 2002
• Dealership market: Market-making with inventoryYakov Amihud, Haim Mendelson — 1980
• Profits and Position Control: A Week of FX DealingRichard K. Lyons — 1998
• Bid, ask and transaction prices in a specialist market with heterogeneously informed tradersLawrence R. Glosten, Paul Milgrom — 1985
• One Day in the Life of a Very Common StockDavid Easley, Nicholas M. Kiefer, Maureen O’Hara — 1997
• The Interpretation of Least Squares Regression with Interaction or Polynomial TermsIrwin Bernhardt, Bong Seog Jung — 1979
• Market Integration and Price Execution for NYSE-Listed SecuritiesCharles M.C. Lee — 1993
• Estimating the components of the bid/ask spreadLawrence R. Glosten, Lawrence Harris — 1988
• Divide and Conquer: A Theory of Intraday and Day-of-the-Week Mean EffectsAnat R. Admati, Paul Pfleiderer — 1989
• The Dynamics of Dealer Markets Under CompetitionThomas S. Y. Ho, Hans R. Stoll — 1983
• Inter-Dealer Trading in Financial MarketsSiva Viswanathan, James Wang — 2004
• Continuous Auctions and Insider TradingAlbert S. Kyle — 1985
• Anonymity in securities marketsMargaret Forster, Thomas J. George — 1992
• Liquidity-Based Competition for Order FlowChristine A. Parlour, Duane J. Seppi — 2003
• Intraday trade in dealership marketsDan Bernhardt, Eric Hughson — 1993

Cited by

• Corporate bond market microstructure and transparency - the US experienceAmy K. Edwards — 2006
• Asymmetric Information, Repeated Trade, and Asset PricesJames McLoughlin — 2012
• Informed Trading In Parallel Auction And Dealer Markets: A Case Of The London Stock ExchangeNareerat Taechapiroontong, Pankaj K. Jain, Christine X. Jiang — 2003
• Persistence, Performance and Prices in Foreign Exchange MarketsTarun Ramadorai — 2006
• Lending relationships in the interbank marketJoão F. Cocco, Francisco Gomes, Nuno C. Martins — 2003
• A tale of two arbs : essays on agency and financial institutionsJiro Kondo — 2008
• Cost of trading, effective liquidity measures, and components of the bid-ask spread in the emerging stock market of UkraineAnna Serdyuk — 2010
• Which Execution Improvement for Orders on EuronextCatherine D’Hondt — 2008
• The microstructure of the bond market in the 20th centuryBruno Biais, Richard Green — 2019
• Endogenous intermediation in over-the-counter marketsAna Babus — 2015
• The Market Quality of Moderately Liquid Securities in a Hybrid Market: The EvidenceHung Neng Lai — 2004
• Asymmetric Information and the Foreign-Exchange Trades of Global Custody BanksTanseli Savaser — 2011
• A Tale of Two Platforms: Dealer Intermediation in the European Sovereign Bond MarketPeter G. Dunne, Harald Hau, Michael J. Moore — 2010
• On Economies of Scale and Persistent Performance in Corporate-Bond Mutual FundsRoberto C. Gutierrez, William F. Maxwell, Danielle Xu — 2009
• The Execution Quality of Corporate BondsMaureen O’Hara, Yihui Wang, Xing Zhou — 2018
• Transaction Costs in an Illiquid Order-Driven MarketBen R. Marshall, Nhut H. Nguyen, Nuttawat Visaltanachoti — 2016
• Cross‐Asset Speculation in Stock MarketsDan Bernhardt, Bart Taub — 2008
• The Determinants of Execution Costs in Short-Term Money MarketsAlex Frino, Jennifer Kruk, Andrew Lepone — 2011
• Bid ask spread in a competitive market with institutions and order sizeMalay K. Dey, Hossein B. Kazemi — 2008
• Opening and Closing the Market: Evidence from the London Stock ExchangeAndrew Ellul, Hyun Song Shin, Ian Tonks — 2005

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