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MSRB Report Examines Decline of Muni Trade Transaction Costs

Traders Magazine Online News, August 1, 2018

John D'Antona Jr.

Dealer-to-customer spreads (also known as “mark-up”), which measure costs paid by investors to execute a trade, dropped by 51 percent to 73 basis points between 2005 and early 2018, signaling a more efficient market.

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