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Life after the big board goes electronic
The NYSE's "Hybrid Market" will be a floor-based facility (a "show" market) combined with an electronic platform (a "fast" market). Technological advances, regulatory pressure, and competition have forced the exchange to introduce an electronic platform, but its success will not be known for some time. This article addresses some of the broad issues involved. The Big Board is considered as a network that provides price and quantity discovery. The article raises several questions about the integration of fast-market and slow-market components and presents evidence that in one European electronic exchange, roughly half the euro value of trades does not go through the electronic order book.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| FAJ6205 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Virginia: CFA Institute 2006 |
|---|---|
| Edisi | Vol. 62, No. 5, Sep. - Oct., 2006 |
| Subjek | Market structure Electronic trading Price discovery hybrid market NYSE (New York Stock Exchange) off-book trading quantity discovery |
| ISBN/ISSN | 0015198X |
| Klasifikasi | NONE |
| Deskripsi Fisik | 7 p. |
| Info Detail Spesifik | Financial Analysts Journal |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |