Delegate schedules can change by the hour, resulting in frequent trading of passes.
The frequent trading also increases transaction costs that are shared by all the members.
The small caps' relative advantage will not be big enough to pay the huge transaction costs that would accompany frequent trading.
You might ask how the market timers' frequent trading affects after-tax returns.
The statements portrayed frequent trading, two or three movements a day.
So it prohibited frequent trading in them, too.
So far, at least, frequent trading in itself has not been the subject of any accusations of civil or criminal wrongdoing.
Whatever that amount, however, market timing is only one cause of frequent trading.
Pequot's frequent trading, this person said, could also have attracted the attention of stock exchange officials while still being entirely proper.
There is ample evidence, after all, that frequent trading is just about the worst thing for a portfolio.