Can Brokers Have It All? On the Relation between Make-Take Fees and Limit Order Execution Quality: Can Brokers Have It All?

By Robert Battalio, Shane A. Corwin, Robert H. Jennings. 2016

119 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Management Science and Operations Research, Marketing

View Paper: https://www.semanticscholar.org/paper/5c135a7cfdab51906c188ae99baf4376b9852843

Citations in the corpus

• Tracking Retail Investor Activity (2020, unknown): “Battalio, Corwin, and Jennings (2016) examine make-take fees and how brokers route order flow, and suggest that current order routing practices may not maximize the quality of limit order execution.”
• Zero-Commission Individual Investors, High Frequency Traders, and Stock Market Quality (2021, unknown): “First, most equity trades by retail investors take place off-exchange, either filled from the broker’s own inventory or sold by the broker to wholesalers (Battalio, Corwin, and Jennings, 2016).”
• Capital market effects of media synthesis and dissemination: evidence from robo-journalism (2017, unknown): “Many brokers will route nonmarketable limit orders to public exchanges (Battalio et al. 2016).”