Garvey, Ryan; Wu, Fei - In: Journal of Empirical Finance 18 (2011) 3, pp. 408-422
Prior research indicates that both execution speed and cost are important to traders, but that these two dimensions of execution quality are negatively related across U.S. equity markets. In our paper, we examine how U.S. equity traders, who are (un)informed about future price changes, trade-off...