Regulatory and Legal Pressures and the Costs of Nasdaq Trading
Data up to Jan 2025
Total Citations Per Year
Abstract
References (21)
A Simple Implicit Measure of the Effective Bid‐Ask Spread in an Efficient Market
1984 • 2,564 citations
Dealer versus auction markets: A paired comparison of execution costs on NASDAQ and the NYSE
1996 • 1,096 citations
Why do NASDAQ Market Makers Avoid Odd‐Eighth Quotes?
1994 • 792 citations
A Simple Implicit Measure of the Effective Bid-Ask Spread in an Efficient Market
1984 • 615 citations
Components of the Bid‐Ask Spread and the Statistical Properties of Transaction Prices
1987 • 362 citations
A Comparison of Trade Execution Costs for NYSE and NASDAQ-Listed Stocks
1997 • 346 citations
Why Did NASDAQ Market Makers Stop Avoiding Odd‐Eighth Quotes?
1994 • 336 citations
On the Estimation of Bid-Ask Spreads: Theory and Evidence
1988 • 244 citations
Market Structures and Liquidity: A Transactions Data Study of Exchange Listings
1994 • 220 citations
A Day-End Transaction Price Anomaly
1989 • 217 citations
Why do NASDAQ Market Makers Avoid Odd-Eighth Quotes?
1994 • 165 citations
Statistical Properties of the Roll Serial Covariance Bid/Ask Spread Estimator
1990 • 152 citations
Bid-ask spreads and the avoidance of odd-eighth quotes on Nasdaq: An examination of exchange listings
1997 • 149 citations
Tick Size, Spreads, and Liquidity: An Analysis of Nasdaq Securities Trading near Ten Dollars
2000 • 111 citations
Components of the Bid-Ask Spread and the Statistical Properties of Transaction Prices
1987 • 81 citations
Statistical Properties of the Roll Serial Covariance Bid/Ask Spread Estimator
1990 • 80 citations
Post-trade transparency on Nasdaq's national market system1We would like to thank Tom Abbott, Robert Battalio, George Benston, Bill Christie, Larry Fisher, Steve Foerster, Jason Greene, Mike Jensen, Pete Kyle, Paul Laux, Ananth Madhavan, Jean Masson, Junius Peake, Paul Schultz, Paul Seguin, Paul Torregrosa, Dave Whitcomb, as well as seminar participants at the Northern, Southern, and Western Finance Meetings, the Symposium on the Organization of Financial Trade and Exchange Mechanisms, the …
1998 • 58 citations
The Probability of a Trade at the Ask: An Examination of Interday and Intraday Behavior
1992 • 54 citations
Market Making and Trading in Nasdaq Stocks
1999 • 23 citations
Endogenous Changes in the Minimum Tick: An Analysis of Nasdaq Securities Trading Near Ten Dollars
1997 • 22 citations
Do Nasdaq Market Makers Collude? Evidence from 19c-3 Stocks
1995 • 11 citations