Why would the option-adjusted spread vary across dealer firms?
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Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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As discussed below the optionadjusted spread will vary across dealer firms because each dealer will ...View the full answer
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