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Market Quality, The Big Picture

  • Nic Stuchfield
  • James Angel
  • William Harts
  • David Krell
  • Andreas Preuss
  • James Ross
  • Larry Tabb
Conference paper
Part of the Zicklin School of Business Financial Markets Series book series (CUNY)

Abstract

JAMES ANGEL: The problem with a precise definition is that market quality means different things to different people. Sometimes we look at cost. Sometimes we look at liquidity. For most, market quality is kind of like the distinction between art and pornography: we know the difference when we see it. A cost to one party is revenue to another. The optimal cost is not necessarily zero to the extent that the other party is providing some services for that revenue.

Keywords

Limit Order Price Discovery Market Maker Option Market Market Quality 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer Science+Business Media, LLC 2009

Authors and Affiliations

  • Nic Stuchfield
    • 1
  • James Angel
  • William Harts
  • David Krell
  • Andreas Preuss
  • James Ross
  • Larry Tabb
  1. 1.MTS S.p.A.RomeItaly

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