| Table V-15: Average Effective Spreads (Stock Weighted) for Market Orders |
| in Stocks Traded on the NYSE and on Each Regional Exchange |
| Broken Down by Order Size |
| | | | | | | |
| | | (Cents Per Share) | | | | |
| | | | | | | |
| | | | | | | |
| | | All Orders | | | | |
| Number of Trades Per Stock/Per Exchange | Number of Stocks | NYSE | BSE | CSE | CHX | PHLX | PSE |
| | | | | | | |
| 10 or more | 197 | 9.6 | 12.0 | 11.1 | 12.3 | 12.7 | 12.5 |
| 30 or more | 119 | 9.5 | 11.7 | 11.1 | 12.3 | 12.6 | 12.4 |
| 50 or more | 72 | 9.3 | 11.7 | 10.9 | 12.3 | 12.7 | 12.3 |
| | | | | | | |
| | | | | | | |
| | | 100 - 500 Share Orders | | | | |
| Number of Trades Per Stock/Per Exchange | Number of Stocks | NYSE | BSE | CSE | CHX | PHLX | PSE |
| | | | | | | |
| 10 or more | 168 | 8.9 | 11.6 | 10.9 | 12.2 | 12.4 | 12.3 |
| 30 or more | 93 | 9.0 | 11.6 | 10.7 | 12.3 | 12.4 | 12.2 |
| 50 or more | 53 | 8.6 | 11.5 | 10.6 | 12.3 | 12.5 | 12.5 |
| | | | | | | |
| | | | | | | |
| | | 501 to 1,000 Share Orders | | | | |
| Number of Trades Per Stock/Per Exchange | Number of Stocks | NYSE | BSE | CSE | CHX | PHLX | PSE |
| | | | | | | |
| 10 or more | 44 | 9.4 | 11.6 | 11.7 | 12.9 | 12.6 | 12.8 |
| 30 or more | 10 | 9.8 | 11.6 | 11.1 | 12.6 | 11.8 | 12.4 |
| 50 or more | 4 | 9.8 | 11.3 | 11.1 | 12.3 | 12.7 | 12.9 |
| | | | | | | |
