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Unformatted text preview: volume is higher and transaction rates are higher. I Liquidity: ability to trade large volume without impacting the price; bid-ask spread is a measure of liquidity; wider the sperad, higher the corr of transacting. I Price impact of a trade can be measured by quote revisions....
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This note was uploaded on 10/16/2010 for the course STAT 244 taught by Professor Dr.velu during the Summer '10 term at Stanford.
- Summer '10