Liquidity in banned shares is down and bid-ask spreads are up.

被禁止卖空的股票流动性下降，买卖差价增加。

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More liquid markets generally result in narrower bid-ask spreads, which means better prices for traders.

流动性更强的市场通常导致买卖价差更小，而这意味着交易商的价格更有利。

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But that assumes the FTT will not simply be passed on to end-customers, either directly by affected institutions or as reduced liquidity leads to wider bid-ask spreads.

但这里的假设是金融交易税不会直接转嫁给终端客户——或者通过直接受影响的机构、或者由于流动性下降导致的买卖差价的变大。

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Bid-ask spreads of 25% are not unknown, says L.E. (Tripp) Dunman, Aquila's director of weather marketing.

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The bid and ask spreads on corporates are prohibitively wide and offerings in size are practically nonexistent.

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In the 1990s it was a playground for securities dealers manipulating bid-ask spreads.

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