Order preferencing and market quality on NASDAQ before and after decimalization

Journal of Financial Economics

Volumn 71, Issue 3, 2004, Pages 581-612

  Chung, Kee H ^a   Chuwonganant, Chairat ^b   McCormick, D Timothy ^c  

^a UNIVERSITY AT BUFFALO   (United States)

^b PURDUE UNIVERSITY FORT WAYNE   (United States)

^c The NASDAQ Stock Market Inc   (United States)

Author keywords

Decimalization; Execution quality; Internalization; Payment for order flow; Quote aggressiveness; Spreads

Indexed keywords

EID: 1342286221     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-405X(03)00174-0     Document Type: Article

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