Immediately after May Day, why did commission rates fall so sharply for large investors, but decline so

Question:

Immediately after May Day, why did commission rates fall so sharply for large investors, but decline so little (or even increase) for small investors? More recently, why have online discount brokers driven down commissions for small investors?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

Question Posted: