Search

Showing total 1 results

Refine your results

1 results

1. MARKETABILITY OF COMMON STOCKS IN CANADA AND THE U.S.A.: A COMPARISON OF AGENT VERSUS DEALER DOMINATED MARKETS.

Author

TINIC, SEHA M. and WEST, RICHARD R.

Subjects
SPREAD (Finance), BID price, ASKED price, STOCK exchanges, STOCK prices, OVER-the-counter markets, STOCKS (Finance)
Abstract

The paper analyzes bid-ask spreads on the Toronto Stock Exchange (TSE) and compares them to those of the New York Stock Exchange (NYSE). Pricing data were compiled for a total of 177 TSE stocks from December 1 to December 13, 1971. Comparisons with NYSE pricing data from previous studies reveal spreads to be wider and marketability services as a whole more costly on the TSE. Possible explanations include structural differences between the two markets, as well as the differing roles of NYSE specialists and TSE registered traders.

Published
1974
Full Text
View/download PDF