The New Nasdaq Marketplace

  • Robert A. Schwartz
  • John Aidan Byrne
  • Antoinette Colaninno

Table of contents

  1. Front Matter
    Pages I-XIII
  2. Reto Francioni, David Krell, Michael Pagano
    Pages 1-11
  3. Gerald Putnam
    Pages 13-20
  4. William Christie, Christopher Concannon, Adena Friedman, Frank Hatheway
    Pages 21-35
  5. Kim Bang, Robert Hegarty, Richard Repetto, Jamie Selway, Henry Yegerman
    Pages 37-53
  6. Jeffrey Brown, Matthew Lavicka, Mark Madoff, Michael Murphy, C. Thomas Richardson, Bruce Turner
    Pages 55-71
  7. Andrew Brooks, Paul Davis, Robert Felvinci, Dan Royal, Lisa Utasi, Ken Zimmer
    Pages 73-92
  8. Robert Greifeld, Robert Schwartz
    Pages 93-101
  9. Michael S. Pagano, Robert A. Schwartz, Marvin M. Speiser
    Pages 133-155
  10. Back Matter
    Pages 157-177

About these proceedings


The NASDAQ Stock Market has been reengineered in recent years from a competitive dealer market to a modern hybrid. The broader NASDAQ marketplace, including Electronic Communication Networks (ECNs) and Alternative Trading Systems (ATSs), has also experienced substantial growth and development. This conference, hosted by the Zicklin School of Business, brought together leading buy-side and sell-side participants and NASDAQ executives to put these changes into sharper focus. The resulting book assesses both the current market structure and the direction of the new NASDAQ marketplace.

The Zicklin School of Business Financial Markets Series presents the insights emerging from a sequence of conferences hosted by the Zicklin School at Baruch College for industry professionals, regulators, and scholars. Much more than historical documents, the transcripts from the conferences are edited for clarity, perspective and context; material and comments from subsequent interviews with the panelists and speakers are integrated for a complete thematic presentation. Each book is focused on a well delineated topic, but all deliver broader insights into the quality and efficiency of the U.S. equity markets and the dynamic forces changing them.


economics hybrid markets liquidity market structure microeconomics stock exchange

Authors and affiliations

  • Robert A. Schwartz
    • 1
  • John Aidan Byrne
    • 2
  • Antoinette Colaninno
    • 3
  1. 1.Zicklin School of Business Baruch CollegeCuny
  2. 2.Zicklin School of Business Baruch CollegeCuny
  3. 3.Zicklin School of Business Baruch CollegeCuny

Bibliographic information

  • DOI
  • Copyright Information Springer Science+Business Media, LLC 2007
  • Publisher Name Springer, New York, NY
  • eBook Packages Business and Economics
  • Print ISBN 978-0-387-48600-0
  • Online ISBN 978-0-387-48601-7
  • Buy this book on publisher's site