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Chi phí thực hiện trên NYSE: Nghiên cứu trường hợp của một ngân hàng hàng đầu
Tóm tắt
Sử dụng dữ liệu giao dịch thu thập từ một ngân hàng lớn và một thước đo chi phí thực hiện gián tiếp dựa trên giá cổ phiếu khi đặt lệnh, chúng tôi điều tra chi phí gián tiếp và mối quan hệ của chúng với hoa hồng môi giới. Đối với tất cả các giao dịch, mức hoa hồng môi giới trung bình là 6.5 xu mỗi cổ phiếu, và chi phí thực hiện gián tiếp trung bình khoảng 3.6 xu mỗi cổ phiếu, tương đương 0.1084% tổng số giao dịch. Ngược lại với dự đoán của giả thuyết áp lực giá, chi phí thực hiện gián tiếp thấp hơn cho các giao dịch có kích thước lớn hơn. Hơn nữa, chi phí thực hiện gián tiếp cao hơn không liên quan đến hoa hồng môi giới thấp hơn.
Từ khóa
#chi phí thực hiện #hoa hồng môi giới #giao dịch chứng khoán #ngân hàng #nghiên cứu trường hợpTài liệu tham khảo
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