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Brown Hruska And Ellig Market Fragmentation Final Present To Sta 2000
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Market Fragmentation: What
the Research Shows Sharon Brown-Hruska and Jerry Ellig Mercatus Center George Mason University http://www.mercatus.org/
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Payment for order
flow and execution quality Faster Speed of execution Lower Other transaction costs Greater (NBBO) Price certainty Lower (Likely offsets spread) Commissions Higher Spread
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