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Electronic vs. Floor Based Trading

Contributor(s): Schwartz, Robert A [editor.] | Byrne, John Aidan [editor.] | Colaninno, Antoinette [editor.] | SpringerLink (Online service).
Material type: materialTypeLabelBookSeries: Zicklin School of Business Financial Markets Conference Series Baruch College: Publisher: Boston, MA : Springer US, 2006.Description: XVI, 176 p. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9780387299105.Subject(s): Finance | Science | Finance | Finance, general | Science, generalDDC classification: 332 Online resources: Click here to access online
Contents:
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.
In: Springer eBooksSummary: 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.
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Item type Current location Call number Status Date due Barcode Item holds
E books E books PK Kelkar Library, IIT Kanpur
Available EBK5525
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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.

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.

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