Secrets of Finances and Payday Loans

As mentioned above, the choice each trader faces between market orders and limit orders is influenced by his estimate of the probability of execution, which depends both on the depth of the book at the time of the order submission and on the number of orders that may arrive over the remainder of the day. [...]

But the more cyclical character of the US market and the lower average credit quality of the issuers are not the only reasons that explain the spread differential. Another reason is the different investor base. It was already pointed out that the European corporate bond market is still young, while the US market is well [...]