Table V-11Average Price Improvement Rates (Stock Weighted) for Market Orders in Stocks Traded on the NYSE and Regional Exchanges | Table V-11: Average Price Improvement Rates (Stock Weighted) for Market Orders | | in Stocks Traded on the NYSE and Regional Exchanges | | | | | | | | Order Size | NYSE | BSE | Difference | | | | | CSI Stocks | | | | 100-500 | 23.1% | 11.9% | 11.2%* | | | 501-1,000 | 22.0% | 12.2% | 9.8%* | | | 1,001-5,000 | 17.4% | 12.5% | 4.9%* | | | 5,001 or More | 17.9% | 13.6% | 4.4 | | | All Trades | 21.8% | 12.0% | 9.8%* | | | | | | | | | Order Size | NYSE | BSE | Difference | | | | | Non CSI Stocks | | | | 100-500 | 22.4% | 12.3% | 10.1%* | | | 501-1,000 | 19.6% | 11.2% | 8.4%* | | | 1,001-5,000 | 18.5% | 10.2% | 8.3%* | | | 5,001 or More | -- | -- | -- | | | All Trades | 20.8% | 12.3% | 8.5%* | | | | | | | | | Order Size | NYSE | CHX | Difference | | | 100-500 | 23.3% | 10.8% | 12.5%* | | | 501-1,000 | 20.0% | 8.0% | 12.0%* | | | 1,001-5,000 | 17.1% | 11.0% | 6.1%* | | | 5,001 or More | 24.0% | 15.3% | 8.7% | | | All Trades | 21.8% | 10.7% | 11.1%* | | | | | | | | | Order Size | NYSE | CSE | Difference | | | 100-500 | 22.7% | 15.7% | 7.0%* | | | 501-1,000 | 20.2% | 14.0% | 6.2%* | | | 1,001-5,000 | 17.9% | 13.2% | 4.7%* | | | 5,001 or More | 15.7% | 16.1% | -0.4% | | | All Trades | 21.4% | 15.4% | 6.0%* | | | | | | | | | Order Size | NYSE | PHLX | Difference | | | 100-500 | 23.5% | 8.4% | 15.2%* | | | 501-1,000 | 20.4% | 5.9% | 14.5%* | | | 1,001-5,000 | 18.4% | 4.4% | 14.0%* | | | 5,001 or More | 18.7% | 3.1% | 15.6% | | | All Trades | 22.1% | 8.0% | 14.1%* | | | | | | | | | Order Size | NYSE | PSE | Difference | | | 100-500 | 22.0% | 10.5% | 11.5%* | | | 501-1,000 | 18.9% | 8.4% | 10.5%* | | | 1,001-5,000 | 15.7% | 7.2% | 8.5%* | | | 5,001 or More | 16.7% | 17.7% | -1.0% | | | All Trades | 20.5% | 10.1% | 10.4%* | | | * Differences are significantly different from zero at 5% level | | | | |
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