Abstract
Before coming to Nasdaq, I had spent 20 years at Alex. Brown, including a couple of years running its back office. I walked by the firm’s trading desk every single day and thought that I knew about trading. After the last couple of years at Nasdaq, I can tell you that I didn’t know much about it at all.
This chapter is an updated version of the keynote speech Mr. Berkeley gave at a conference, “Rethinking Equity Trading at Nasdaq,” that was held at the Zicklin School of Business, Baruch College, CUNY, in New York City on October 8, 1997.
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Notes
For a discussion of the OptiMark system, see Clemons and Weber, “The Optimark Experience; The First Year,” Chapter 22 of this book.
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© 2001 Springer Science+Business Media New York. Boston
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Berkeley, A.R. (2001). Technology Curves, Innovation, and Financial Markets. In: Schwartz, R.A. (eds) The Electronic Call Auction: Market Mechanism and Trading. The New York University Salomon Center Series on Financial Markets and Institutions, vol 7. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1697-2_16
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DOI: https://doi.org/10.1007/978-1-4615-1697-2_16
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