Toward a Central Market System: Wall Street's Slow Retreat into the Future

Donald E. Farrar

Journal of Financial and Quantitative Analysis, 1974, vol. 9, issue 5, 815-827

Abstract: Structural reforms of a fundamental nature now under way in Wall Street have been proclaimed so often of late as to become commonplace. The fact that many of these changes are not welcomed by established and influential persons who make their living in or around Wall Street is not news. What may be news, however, is that neither of these facts is particularly new.

Date: 1974
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