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Frictionless Market

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Frictionless Market
A theoretical trading environment where all costs and restraints associated with transactions are non-existent.

Notes:
The advent of discount brokers and their low commissions has brought the market closer to a frictionless state. But, in reality there are no truly frictionless markets since trading is always associated with certain costs or restraints, such as commissions and tax implications.

Frictionless market
Ideal trading environment that imposes no costs or restraints on transactions.
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