---
title: Dual Trading Fee Competition
url: https://www.ml-quant.com/papers/ssrn/5189065/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 5189065
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5189065
featured: 2025-03-26
citations: unknown
topic: Trading, Microstructure & Execution
---


# Dual Trading Fee Competition

The research explores the influence of dual traders on price discovery, finding that alternative trading venues reduce pricing errors in closing auctions due to the mitigating effect of dual traders on market makers' overnight inventory costs.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5189065
- Identifier: SSRN 5189065
- Released: 2025-03-20
- First featured: Quant Letter No. 90 (2025-03-26): https://www.ml-quant.com/issues/2025-03-26/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Trading, Microstructure & Execution

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