Research by Aitken and Swan (1993)has shown that the bulk of brokers' business is principal trading.

Question

Quizplus · Accepted Answer

Aitken and Swan (1993) primarily focused on the market impact of block trades and the role of brokers in facilitating these trades, rather than asserting that the bulk of brokers' business is principal trading. Their research is more nuanced and does not make a broad claim about the predominance of principal trading in brokers' business models.

Research by Aitken and Swan (1993)has Shown That the Bulk