Chart 1: Smaller ticks lead to lower ... (2020) and Rindi and Werner (2019) implied that a smaller tick size would reduce the trading cost of small orders but increase the cost of large orders.

You could say the U.S. equity market is really more like three interconnected markets, with a lot of retail, mutual funds and arbitrage traders mostly separated from each other – resulting in less ...

Today most transactions in financial markets are executed by automated trading systems. In this environment, comprehensive structured tick history data could provide great value in terms of ...