Table 4.
The Effect of Changes in Fixed Transaction Costs on the Number of Trades
| Fixed Charge | £5 | £10 | £13.5 | £20 | |
|---|---|---|---|---|---|
| Number of trades | Normal year | 186 | 178 | 147 | 137 |
| Dry year | 332 | 315 | 299 | 284 |
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