		Home \| Jobs \| Fast Answers \| Site Map \| Search

Litigation

Divisions

Table V-4

Average Quoted Bid-Ask Spreads and Depths by Exchange for Stocks that Trade on Both the NYSE and Regional Exchanges

Table V-4: Average Quoted Bid-Ask Spreads and Depths by Exchange for Stocks that Trade on Both
the NYSE and Regional Exchanges
(Quote Updates from Oct. 28 - Nov. 01, 1996)

	NYSE	CSE	NYSE	BSE	NYSE	CHX	NYSE	PSE	NYSE	PHLX
Average Bid-Ask Spread
(Cents per share)
Mean	16.2	27.8	18.5	45.8	19.3	49.3	18.3	44.4	18.9	55.7
Median	15.8	25.7	17.5	44.8	17.1	44.6	17.4	41.9	17.5	46.4

Average Time
Weighted Spread
(Cents per Share)
Mean	15.4	26.1	17.8	43.2	18.6	46.4	17.6	41.6	18.2	53.8
Median	14.9	24.2	16.7	42.2	17.0	41.7	16.6	39.3	16.7	44.7

Average Time
Weighted Bid Size
(Shares)
Mean	18,461	774	12,809	174	12,550	386	13,492	603	13,152	169
Median	12,321	746	5,331	100	4,796	154	5,343	300	5,095	100

Average Time
Weighted Ask Size
(Shares)
Mean	19,452	784	12,948	177	12,429	407	13,441	583	13,130	178
Median	14,200	775	6,149	100	5,289	160	5,971	305	5,733	100

Number of Stocks	333	333	1,800	1,800	2,653	2,653	2,085	2,085	2,416	2,416
Includes all NYSE-listed issues that are quoted on a regional exchange, except the CSE comparison which includes
only preferenced stocks.

Source: SIAC Data

Last modified: 1/24/2001