TY  - BOOK
AU  - Harris, Lawrence E.
AU  - Saunders, Anthony.
AU  - Jaffier, Mary.
ED  - Salomon Brothers Center for the Study of Financial Institutions.
ED  - Leonard N. Stern School of Business.
TI  - Liquidity, trading rules, and electronic trading systems
U1  - 332.642  
PY  - 1990///
CY  - New York
PB  - Leonard N Stern School of Business
KW  - Stock exchanges -- Data processing.
KW  - Stocks.
KW  - Securities.
KW  - Liquidity (Economics)
N1  - On page 2 of cover: Leonard N. Stern School of Business; Includes appendices
N2  - 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
ER  -