Symposium on market microstructure: Focus on Nasdaq

Journal of Financial Economics

Volumn 45, Issue 1, 1997, Pages 3-8

  Schwert, G William ^a  

^a UNIVERSITY OF ROCHESTER   (United States)

Author keywords

Bid ask spreads; Market microstructure; Nasdaq; NYSE

Indexed keywords

EID: 0031185104     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-405X(97)00014-7     Document Type: Conference Paper

References (23)

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2. Bessembinder, H., 1997. The degree of price resolution and equity trading costs. Journal of Financial Economics 45, 9-34 (this issue).
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4. Chordia, T., Subrahmanyam, A., 1995. Market making, the tick size and payment-for-order-flow: theory and evidence. Journal of Business 68, 543-575.
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6. Christie, W.G., Huang, R.D., 1994. Market structure and liquidity: a transactions data study of exchange listings. Journal of Financial Intermediation 3, 300-326.
7. Christie, W.G., Schultz, P.H., 1994. Why do Nasdaq market makers avoid odd-eighth quotes? Journal of Finance 49, 1813-40.
8. Christie, W.G., Schultz, P.H., 1996. The initiation and withdrawal of odd-eighth quotes among Nasdaq stocks: an empirical analysis. Unpublished manuscript, Vanderbilt University, Nashville, TN.
9. Demsetz, H., 1997. Limit orders and the alleged Nasdaq collusion. Journal of Financial Economics 45, 91-95 (this issue).
10. Doran, L., Lehn, K., Shastri, K., 1995. Do Nasdaq market makers collude? Evidence from 19c-3 stocks. Unpublished manuscript, University of Pittsburgh, Pittsburgh, PA.
11. Dutta, P.K., Madhavan, A., 1997. Competition and collusion in dealer markets. Journal of Finance 52, 245-276.
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16. Huang, R.D., Stoll, H.R., 1996. Dealer versus auction markets: a paired comparison of execution costs on Nasdaq and the NYSE. Journal of Financial Economics 41, 313-357.
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20. Petersen, M., Fialkowski, D., 1994. Posted versus effective spreads: good prices or bad quotes? Journal of Financial Economics 35, 269-292.
21. Porter, D.C., Weaver, D.G., 1996. Do Nasdaq market makers 'paint the tape'? Unpublished manuscript, Marquette University, Milwaukee, WI.
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