Abstract–The Stock Market: Some Considerations of Its Future Structure

Morris Mendelson

Journal of Financial and Quantitative Analysis, 1974, vol. 9, issue 5, 829-829

Abstract: The goal of American stock market reform is the establishment of a central market in which public orders are executed at the best price obtainable in an environment of competitive market makers. Among the measures needed to achieve this are: a consolidated tape, a consolidated quotation system, and competitive commission rates.

Date: 1974
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