Order preferencing and market quality on NASDAQ before and after decimalization
Article Abstract:
Experimental evidence is provided on the extent and effect of order preferencing and market quality on NASDAQ using sample stocks before and after decimalization. Results suggest that order preferencing is prevalent on NASDAQ during both the pre- and post-decimalization.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2004
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A barrier option framework for corporate security valuation
Article Abstract:
A framework for corporate security valuation based on path-dependent, barrier option models instead of the commonly used path-independent approach is proposed. A direct implication of this framework is that equity will be priced as a down-and-out call option.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2003
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Ripples through markets: Inter-market impacts generated by large trades
Article Abstract:
The effect of large trades of European cross-traded firms on home market prices based on trades carried out on the London Stock ExchangeEs SEAQ-I market is analyzed.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2006
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