Limit orders and the alleged Nasdaq collusion

Journal of Financial Economics

Volumn 45, Issue 1, 1997, Pages 91-95

  Demsetz, Harold ^a  

^a UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

Collusion; Financial; Nasdaq; Spreads; Stocks

Indexed keywords

EID: 0031185096     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-405X(97)00012-3     Document Type: Article

References (5)

1. Barclay, M.J., 1995. Bid-ask spreads and the avoidance of odd-eighth quotes on Nasdaq: an examination of exchange listings. Paper presented at the 5th Annual Meeting of the Shadow S.E.C. at the New York University Salomon Center on 6 November, 1995.
2. Christie, W.G., Huang, R., 1994. Market structure and liquidity: a transactions data study of exchange listings. Journal of Financial Intermediation 3, 300-326.
3. Christie, W.G., Schultz, P.H., 1994. Why do Nasdaq market makers avoid odd-eighth quotes? Journal of Finance 49, 1813-1839.
4. Demsetz, H., 1968. The cost of transacting. Quarterly Journal of Economics 82, 33-53.
5. Goldstein, M., 1993. Specialist vs. dealer markets: a comparison of displayed bid ask spreads on Nasdaq and the NYSE. Unpublished working paper, University of Pennsylvania.