Advertisement

Competition in a Consolidating Environment

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

Table of contents

  1. Front Matter
    Pages i-xv
  2. Reto Francioni, Robert Schwartz
    Pages 1-5
  3. Michael Pagano, Roland Bellegarde, Mark Guillaumier, Marcus Hooper, Susanne Kloess, Martin Reck et al.
    Pages 7-20
  4. Bob Pisani, Douglas Atkin, Michael Cormack, Alfred Eskandar, David Harris, David Krell
    Pages 21-36
  5. Jamie Selway, Noreen Culhane, John Labuszewski, John McGonegal, William O’Brien
    Pages 37-52
  6. William Harts, Alfred Berkeley, Luca Filippa, James Ross, George Sofianos, Larry Tabb et al.
    Pages 53-68
  7. Michael Murphy, George Bodine, Paul Davis, Mark Forziati, Tim Mahoney, Mony Rueven
    Pages 69-87
  8. Catherine Kinney, Robert Schwartz
    Pages 89-98
  9. Paul Davis, Michael S. Pagano, Robert Schwartz
    Pages 99-110
  10. Back Matter
    Pages 111-128

About these proceedings

Introduction

Competition between market centers is a driving force for innovation, dynamic growth, and reasonable pricing structures.  Consolidating the order flow amasses liquidity, sharpens price discovery, and lowers trading costs.  Can competition remain vibrant in a consolidated environment?  How does inter-market competition play out with respect to trading decisions and listing decisions?  What will the primary sources of competition be in the future? What impacts will follow from the NYSE's acquisition of Archipelago, and NASDAQ's acquisition of Inet? Will exchanges further consolidate in Europe?  What does consolidation imply about the efficient use of technology, the effective handling of institutional order flow, and overall market quality? These are some of the questions that were addressed at the conference and elaborated on in this book.

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 Much more than historical documents, the transcripts from the conferences are edited for clarity, perspective and context; material and comments from subsequent interviews with the panelists and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.

Keywords

Archipelago Financial Market Financial Markets INET Inter-market Competition Market Quality Order Flow Trading

Editors and affiliations

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

There are no affiliations available

Bibliographic information