Table 6 Q-Spread (quoted spread of MM agent) and Trades (number of successfully executed orders) collectively represent the market liquidity provided
Equity | Strategy 3 | RMM-Spooner | AS model | |||
|---|---|---|---|---|---|---|
qs ($) | z | qs ($) | z | qs ($) | z | |
Stocks | 0.04 | \(\approx\)98 | 0.08 | \(\approx\)48 | 0.2 | \(\approx\)1 |
ETFs | 0.002 | \(\approx\)512 | 0.006 | \(\approx\)112 | 0.008 | \(\approx\)18 |