Schwartz, Robert A. creator editor. Byrne, John Aidan. editor. Colaninno, Antoinette. editor. SpringerLink (Online service) text xxu 2006 monographic eng

electronic

recurso electrónico

access XVI, 176 p. online resource. Historically, specialists and other floor brokers, in direct contact on the trading floor, have been at the heart of operations at the national U.S. equity exchanges. At the other end of the spectrum, electronic trading platforms have characterized most other equity markets globally for many years. Recent developments at the NYSE have moved in this direction, but fundamental questions effecting market quality remain. Can the unique services offered by the floor be provided as effectively in an electronic environment? Which environment would institutional and retail traders each find most suitable to their special needs? Which environment offers better price and quantity discovery? These are some of the questions that are addressed in this book, while providing perspective on the future direction that exchange market structure is likely to follow in the coming years. Getting the Trades Made -- Increasing Returns by Decreasing Trading Costs -- Operations of a Floor Broker -- Achieving Best Execution Through Market Structure Development -- Electronic Trading -- Hybrid Markets -- Electronic and Floor-Based Trading: The Nyse Hybrid Market -- The Economic Value of a Trading Floor: Evidence from the American Stock Exchange. edited by Robert A. Schwartz, John Aidan Byrne, Antoinette Colaninno. ECONOMICS SCIENCE (GENERAL) BANKS AND BANKING ECONOMICS/MANAGEMENT SCIENCE FINANCE /BANKING SCIENCE, GENERAL 657.8333 658.152 9780387299105 99780387299105 http://dx.doi.org/10.1007/0-387-29910-6 http://dx.doi.org/10.1007/0-387-29910-6 100301 20260521091854.0 978-0-387-29910-5