Market Making and Trading in Nasdaq Stocks

Bid, ask and transaction prices in a specialist market with heterogeneously informed traders

1985 • 6,148 citations

Generalized Linear Models

1983 • 1,923 citations

Liquidity and Market Structure

1988 • 1,528 citations

Optimal dealer pricing under transactions and return uncertainty

1981 • 1,424 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

THE PRICING OF SECURITY DEALER SERVICES: AN EMPIRICAL STUDY OF NASDAQ STOCKS

1978 • 648 citations

Posted versus effective spreads

1994 • 285 citations

Market Integration and Price Execution for NYSE‐Listed Securities

1993 • 252 citations

Quotes, Order Flow, and Price Discovery

1997 • 212 citations

Competition and the Pricing of Dealer Service in the Over-the-Counter Stock Market

1972 • 189 citations

Do Competing Specialists and Preferencing Dealers Affect Market Quality?

1997 • 149 citations

Entry, Exit, Market Makers, and the Bid-Ask Spread

1997 • 115 citations

Displayed and Effective Spreads By Market

1992 • 53 citations

Liquidity and Market Structure: Discussion

1988 • 7 citations

DISCUSSION

1988 • 2 citations