Market microstructure theory bases its research on the difference between bid and ask prices.
微观结构理论对交易成本的研究是从买卖价差开始的。
The decomposition of bid-ask spread is an important problem in financial microstructure theory.
价差分解是金融市场微观结构理论研究的重要问题。
Bid ask spread is the most fundamental area of microstructure theory, and it runs through microstructure researching.
买卖报价价差是微观结构理论中最基础的研究领域，并且贯穿于微观结构理论研究的始终。
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