메뉴 건너뛰기




Volumn 41, Issue 8, 1997, Pages 1615-1634

Risk allocation and inter-dealer trading

Author keywords

Auction market; Dealership market; Inter dealer trading

Indexed keywords


EID: 0040487619     PISSN: 00142921     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0014-2921(96)00049-9     Document Type: Article
Times cited : (17)

References (34)
  • 1
    • 84993923279 scopus 로고
    • Price formation and equilibrium liquidity in fragmented and centralized markets
    • Biais, B., 1993. Price Formation and Equilibrium Liquidity in Fragmented and Centralized Markets. Journal of Finance 48, 157-185.
    • (1993) Journal of Finance , vol.48 , pp. 157-185
    • Biais, B.1
  • 3
    • 84993915181 scopus 로고
    • Why do NASDAQ market makers avoid odd-eighth quotes?
    • Christie, W.G., Schultz, P.H., 1994. Why do NASDAQ market makers avoid odd-eighth quotes?. Journal of Finance 49, 1813-1840.
    • (1994) Journal of Finance , vol.49 , pp. 1813-1840
    • Christie, W.G.1    Schultz, P.H.2
  • 4
    • 84993843848 scopus 로고
    • Why did NASDAQ market makers stop avoiding odd-eighth quotes?
    • Christie, W.G., Harris, J.H., Schultz, P.H., 1994. Why did NASDAQ market makers stop avoiding odd-eighth quotes?. Journal of Finance 49, 1841-1860.
    • (1994) Journal of Finance , vol.49 , pp. 1841-1860
    • Christie, W.G.1    Harris, J.H.2    Schultz, P.H.3
  • 5
    • 0001266998 scopus 로고
    • A comparison of the cost of trading French shares on the Paris Bourse and on SEAQ International
    • deJong, F., Nijman, T., Röell, A., 1995. A Comparison of the cost of trading French shares on the Paris Bourse and on SEAQ International. European Economic Review 39, 1277-1301.
    • (1995) European Economic Review , vol.39 , pp. 1277-1301
    • DeJong, F.1    Nijman, T.2    Röell, A.3
  • 7
    • 0041846225 scopus 로고
    • Why do NASDAq market makers avoid odd-eight quotes?
    • unpublished paper
    • Finn, G., 1994, Why do NASDAQ Market Makers avoid Odd-Eight Quotes? A Comment, unpublished paper.
    • (1994) A Comment
    • Finn, G.1
  • 11
    • 84925135657 scopus 로고
    • The dynamics of dealer markets under competition
    • Ho, T., Stoll, H.R., 1983. The dynamics of dealer markets under competition. Journal of Finance 38, 1053-1074.
    • (1983) Journal of Finance , vol.38 , pp. 1053-1074
    • Ho, T.1    Stoll, H.R.2
  • 16
    • 84959850547 scopus 로고
    • Informed speculation with imperfect competition
    • Kyle, A.S., 1989. Informed speculation with imperfect competition. Review of Economic Studies 56, 317-355.
    • (1989) Review of Economic Studies , vol.56 , pp. 317-355
    • Kyle, A.S.1
  • 18
    • 84993894904 scopus 로고
    • Market integration and price execution for NYSE-listed securities
    • Lee, C., 1993. Market integration and price execution for NYSE-listed securities. Journal of Finance 48, 1009-1038.
    • (1993) Journal of Finance , vol.48 , pp. 1009-1038
    • Lee, C.1
  • 19
    • 84881807736 scopus 로고
    • London Stock Exchange
    • London Stock Exchange, 1995a. Fact Book.
    • (1995) Fact Book
  • 24
    • 58149365337 scopus 로고
    • Tests of microstructural hypotheses in the foreign exchange market
    • Lyons, R.K., 1995. Tests of microstructural hypotheses in the foreign exchange market. Journal of Financial Economics 39, 321-351.
    • (1995) Journal of Financial Economics , vol.39 , pp. 321-351
    • Lyons, R.K.1
  • 25
    • 84977707526 scopus 로고
    • Trading mechanisms in securities markets
    • Madhavan, A., 1992. Trading mechanisms in securities markets. Journal of Finance 47, 607-641.
    • (1992) Journal of Finance , vol.47 , pp. 607-641
    • Madhavan, A.1
  • 27
    • 38249013173 scopus 로고
    • Auction markets and dealership markets. What is the difference?
    • Pagano, M., Röell, A., 1992. Auction markets and dealership markets. What is the difference?. European Economic Review 36, 613-623.
    • (1992) European Economic Review , vol.36 , pp. 613-623
    • Pagano, M.1    Röell, A.2
  • 29
    • 0345973492 scopus 로고
    • Posted versus effective spreads: Good prices or bad quotes?
    • Petersen, M., Fialkowski, D., 1994. Posted versus effective spreads: Good prices or bad quotes?. Journal of Financial Economics 35, 269-292.
    • (1994) Journal of Financial Economics , vol.35 , pp. 269-292
    • Petersen, M.1    Fialkowski, D.2
  • 30
    • 0042848271 scopus 로고
    • Transaction costs in dealer markets: Evidence from the London stock exchange
    • Reiss, P.C., Werner, I.M., 1994. Transaction Costs in Dealer Markets: Evidence from the London Stock Exchange. NBER working paper No. 4727.
    • (1994) NBER Working Paper No. 4727 , vol.4727
    • Reiss, P.C.1    Werner, I.M.2
  • 31
    • 34250081269 scopus 로고
    • Automating German equity trading: Bid-ask spreads on competing systems
    • Schmidt, H., Iversen, P., 1993. Automating German equity trading: Bid-ask spreads on competing systems. Journal of Financial Services Research 6, 373-397.
    • (1993) Journal of Financial Services Research , vol.6 , pp. 373-397
    • Schmidt, H.1    Iversen, P.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.