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Electronic vs. Floor Based Trading

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

Table of contents

  1. Front Matter
    Pages i-xvi
  2. Avner Wolf, Puneet Handa, Michael Pagano, James Ross
    Pages 1-16
  3. Edward J. Nicoll
    Pages 17-25
  4. Robert Schwartz, Marvin M. Speiser, Paul Davis, Robert Fagenson, Robert McCooey, Doreen Mogavero et al.
    Pages 27-47
  5. Theodore Aronson, Arthur Hogan, William O’Brien, Richard Rosenblatt, Lanny Schwartz, Michael Simon et al.
    Pages 49-66
  6. Matthew Andresen, George Bodine, Christopher Concannon, Richard Korhammer, Michael LaBranche, Brett Redfearn
    Pages 67-87
  7. Mary McDermott-Holland, Michael Buek, Matthew Celebuski, Alfred Eskandar, Adena Friedman, Robert Gasser et al.
    Pages 89-109
  8. Puneet Handa, Robert Schwartz, Ashish Tiwari
    Pages 121-151
  9. Back Matter
    Pages 153-175

About these proceedings

Introduction

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.

Keywords

equity market market structure trader trading

Editors and affiliations

  • Robert A. Schwartz
    • 1
  • John Aidan Byrne
    • 2
  • Antoinette Colaninno
    • 1
  1. 1.Zicklin School of BusinessBaruch College, CUNYUSA
  2. 2.Traders MagazineUSA

Bibliographic information

  • DOI https://doi.org/10.1007/0-387-29910-6
  • Copyright Information Springer Science+Business Media, Inc. 2006
  • Publisher Name Springer, Boston, MA
  • eBook Packages Business and Economics
  • Print ISBN 978-0-387-29909-9
  • Online ISBN 978-0-387-29910-5
  • Buy this book on publisher's site