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Should ECNs be SOES-able?

Bruce Mizrach and Yijie Zhang ()
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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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Citations: View citations in EconPapers (2)

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http://www.sas.rutgers.edu/virtual/snde/wp/2000-10.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:rut:rutres:200010

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