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Should ECNs be SOES-able?
Bruce Mizrach () and
Yijie Zhang ()
Additional contact information Yijie Zhang: Rutgers University
Departmental Working Papers from Rutgers University, Department of Economics
Abstract:
This paper documents the significant role of ECNs in forming the inside market in NASDAQ securities. We argue that the ECNs need to be exposed to market orders through the SOES system.
Keywords: ECN ; microstructure ; NASDAQ ; SOES (search for similar items in EconPapers)
JEL-codes: G1 G14 (search for similar items in EconPapers)
Date: 2000-07-14
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Persistent link: http://EconPapers.repec.org/RePEc:rut:rutres:200010
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