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Volumn 58, Issue 3, 2003, Pages 1247-1268

Market Maker Quotation Behavior and Pretrade Transparency

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Indexed keywords


EID: 0142188081     PISSN: 00221082     EISSN: None     Source Type: Journal    
DOI: 10.1111/1540-6261.00565     Document Type: Review
Times cited : (61)

References (18)
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    • Barclay, M.J.1    Christie, W.G.2    Harris, J.H.3    Kandel, E.4    Schultz, P.H.5
  • 2
    • 21844525728 scopus 로고
    • Market structure and the intraday pattern of bid-ask spreads for Nasdaq securities
    • Chan, K.C., William G. Christie, and Paul H. Schultz, 1995, Market structure and the intraday pattern of bid-ask spreads for Nasdaq securities. Journal of Business 68, 35-60.
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    • Chan, K.C.1    Christie, W.G.2    Schultz, P.H.3
  • 3
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    • Why do Nasdaq market makers avoid odd-eighth quotes?
    • Christie, William G., and Paul H. Schultz, 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
    • 0000097877 scopus 로고
    • Transaction costs, order placement strategy and the existence of the bid-ask spread
    • Cohen, Kalman J., Steven Maier, Robert A. Schwartz, and David K. Whitcomb, 1981, Transaction costs, order placement strategy and the existence of the bid-ask spread. Journal of Political Economy 89, 287-305.
    • (1981) Journal of Political Economy , vol.89 , pp. 287-305
    • Cohen, K.J.1    Maier, S.2    Schwartz, R.A.3    Whitcomb, D.K.4
  • 5
    • 0041571239 scopus 로고    scopus 로고
    • Minimum price variations, time priority, and quote dynamics
    • Universitat Pompeu Fkbra
    • Cordella, Tito, and Thierry Foucault, 1996, Minimum price variations, time priority, and quote dynamics. Working paper, Universitat Pompeu Fkbra.
    • (1996) Working Paper
    • Cordella, T.1    Foucault, T.2
  • 6
    • 0010894329 scopus 로고    scopus 로고
    • Competition and collusion in dealer markets
    • Dutta, Prajit K., and Ananth Madhavan, 1997, Competition and collusion in dealer markets, Journal of Finance 52, 245-276.
    • (1997) Journal of Finance , vol.52 , pp. 245-276
    • Dutta, P.K.1    Madhavan, A.2
  • 7
    • 0030191752 scopus 로고    scopus 로고
    • Why Nasdaq market makers avoid odd eighth quotes
    • Godek, Paul, 1996, Why Nasdaq market makers avoid odd eighth quotes. Journal of Financial Economics 41, 465-474.
    • (1996) Journal of Financial Economics , vol.41 , pp. 465-474
    • Godek, P.1
  • 9
    • 0030191637 scopus 로고    scopus 로고
    • Dealer versus auction markets: A paired comparison of execution costs on Nasdaq and the NYSE
    • Huang, Roger, and Hans Stoll, 1996, Dealer versus auction markets: A paired comparison of execution costs on Nasdaq and the NYSE, Journal of Financial Economics (July), 313-358.
    • (1996) Journal of Financial Economics (July) , pp. 313-358
    • Huang, R.1    Stoll, H.2
  • 10
    • 0031184903 scopus 로고    scopus 로고
    • Nasdaq market structure and spread patterns
    • Kandel, Eugene, and Leslie M. Marx, 1997, Nasdaq market structure and spread patterns, Journal of Financial Economics 45, 61-89.
    • (1997) Journal of Financial Economics , vol.45 , pp. 61-89
    • Kandel, E.1    Marx, L.M.2
  • 12
    • 85081147852 scopus 로고    scopus 로고
    • SEC studies brokers' failure to disclose stock limit orders
    • March 17
    • Schroeder, Michael 2000, SEC studies brokers' failure to disclose stock limit orders, Wall Street Journal, March 17, p. C7.
    • (2000) Wall Street Journal
    • Schroeder, M.1
  • 15
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    • U.S. Securities and Exchange Commission, 1997, Concept release; request for comments; 17 CFR Part 240, Release No. 34-38672; International Series Release No. 15-1085; File No. 57-16-97 Regulation of Exchanges, Washington, D.C., 30485-30535
    • U.S. Securities and Exchange Commission, 1997, Concept release; request for comments; 17 CFR Part 240, Release No. 34-38672; International Series Release No. 15-1085; File No. 57-16-97 Regulation of Exchanges, Washington, D.C., 30485-30535.
  • 17
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    • Competition on the Nasdaq and the impact of recent market reforms
    • Weston, James P., 2000, Competition on the Nasdaq and the impact of recent market reforms, Journal of Finance 55, 2565-2598.
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    • Weston, J.P.1


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