Liquidity, trading rules, and electronic trading systems /
Harris, Lawrence E.
Liquidity, trading rules, and electronic trading systems / - New York : Leonard N Stern School of Business, 1990. - 62 p. ; - Monograph series in finance and economics, 1990, no. 4 ; .
On page 2 of cover: Leonard N. Stern School of Business.
Includes appendices.
This analysis starts with a definition of liquidity. The traders who offer it and the risks and rewards that they face are then identified. The discussion also considers how different trading rules and market structures might attract more liquidity than is currently supplied in American markets. The competitive environment is examined to determine whether new market structures will develop if existing markets do not change. The conclusion provides a summary and a prospective for the exchange industry.
Stock exchanges -- Data processing.
Stocks.
Securities.
Liquidity (Economics)
332.642 / HAR
Liquidity, trading rules, and electronic trading systems / - New York : Leonard N Stern School of Business, 1990. - 62 p. ; - Monograph series in finance and economics, 1990, no. 4 ; .
On page 2 of cover: Leonard N. Stern School of Business.
Includes appendices.
This analysis starts with a definition of liquidity. The traders who offer it and the risks and rewards that they face are then identified. The discussion also considers how different trading rules and market structures might attract more liquidity than is currently supplied in American markets. The competitive environment is examined to determine whether new market structures will develop if existing markets do not change. The conclusion provides a summary and a prospective for the exchange industry.
Stock exchanges -- Data processing.
Stocks.
Securities.
Liquidity (Economics)
332.642 / HAR