Dealer Markets Under Stress: The Performance of NASDAQ Market Makers During the November 15, 1991, Market Break

Journal of Financial Services Research

Volumn 13, Issue 3, 1998, Pages 205-229

  Christie, William Gary ^a   Schultz, Paul Harvey ^b  

^a VANDERBILT UNIVERSITY   (United States)

^b NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0041727103     PISSN: 09208550     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1008028226281     Document Type: Article

References (13)

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3. Chan, K.C., W. Christie, and P. Schultz, "Market Structure and the Intraday Pattern of Bid-Ask Spreads for NASDAQ Securities," Journal of Business 68 (January 1995), 35-60.
4. Christie, W., J. Harris, and P. Schultz, "Why Did NASDAQ Market Makers Stop Avoiding Odd-Eighth Quotes?" Journal of Finance 49 (December 1994), 1841-1860.
5. Christie, W., and P. Schultz, "Why Do NASDAQ Market Makers Avoid Odd-Eighth Quotes?" Journal of Finance 49 (December 1994), 1813-1840.
6. Christie, W., and P. Schultz, "The Initiation and Withdrawal of Odd-Eighth Quotes Among NASDAQ Stocks: An Empirical Analysis," 1998, Journal of Financial Economics, forthcoming.
7. Harris, L., "The October 1987 S&P 500 Stock-Futures Basis," Journal of Finance 44 (December 1989), 1155-1176.
8. Huang, R., and H. Stoll, "Dealer versus Auction Markets: A Paired Comparison of Execution Costs on NASDAQ and the NYSE," Journal of Financial Economics 41 (July 1996), 313-358.
9. Report by the Division of Market Regulation of the U.S. Securities and Exchange Commission, U.S. Government Printing Office, Washington, DC: 1988.
10. Report of the Presidential Task Force on Market Mechanisms, Washington, DC: 1988.
11. Report of the Special Committee of the Regulatory Review Task Force on the Quality of Market, U.S. Government Printing Office, Washington, DC: National Association of Securities Dealers, 1988.
12. Schultz, P., and M. Zaman, "Aftermath Support and Underpricing of Initial Public Offerings," Journal of Financial Economics 35 (April 1994), 199-219.
13. Schwartz, Robert, Reshaping the Equity Markets: A Guide for the 1990s, New York: Harper Business Books, 1991.