market makers affects the size of bid-ask spreads. The data are from bank-issued options that trade on EuWax, where market … makers face little adverse selection and traditional options that trade on EuRex. The results support the hypothesis that the … adverse selection component of the bid-ask spread is important as options on EuWax have lower bid-ask spreads than comparable …

In this paper, we compare option contracts from a traditional derivatives exchange to bank-issued options, also … structural differences such as the absence of a central counterparty for bank-issued options, they frequently exist side …-by-side, and the empirical evidence shows that there is significant overlap in their product offerings although options are not …

In this paper, we compare option contracts from a traditional derivatives exchange to bank-issued options, also … counterparty for bank-issued options, they frequently exist side-by-side, and the empirical evidence shows that there is … by 1-2% due to competition from the other market, although options are not fungible between the two markets. We examine …

trading on firm characteristics, such as, tick size, the existence of options, and the size of the ownership stake of outside …

help explain the strength of the relation. We find evidence that the relation is weaker for firms with more growth options …, which is con-sistent with the view that such options provide a hedge against macroeconomic uncertainty. …

with the view that growth options provide a hedge against macroeconomic uncertainty, we find evidence that the relation is … weaker for firms with more growth options. …

with the view that growth options provide a hedge against macroeconomic uncertainty, we find evidence that the relation is … weaker for firms with more growth options. …