000			01521nam a2200313 4500
008			040420u1990 nyu er 000 ||eng
040			_aCBNCAT
082			_a332.642 _bHAR
100			_aHarris, Lawrence E.
245			_aLiquidity, trading rules, and electronic trading systems /
260			_aNew York : _bLeonard N Stern School of Business, _c1990.
300			_a62 p. ;
440			_aMonograph series in finance and economics, 1990, no. 4 ;
500			_aOn page 2 of cover: Leonard N. Stern School of Business.
504			_aIncludes appendices.
520			_aThis 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.
590			_arpm 05/09/2016
591			_aRef
650			_aStock exchanges -- Data processing.
650			_aStocks.
650			_aSecurities.
650			_aLiquidity (Economics)
700			_aSaunders, Anthony.
700			_aJaffier, Mary.
710			_aSalomon Brothers Center for the Study of Financial Institutions.
710			_aLeonard N. Stern School of Business.
942			_2ddc _cBOOK
949			_a332.642 HAR
999			_c4719 _d4719