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The Effect of Crossing‐Network Trading on Dealer Market's Bid‐Ask Spreads
16 references·6 citing·40 second hopsampled
The Effect of Crossing‐Network Trading on Dealer Market's Bid‐Ask Spreads (2006)The Effect of Crossing‐Network Trading on…Institutional trading and alternative trading systems (2003)Institutional trading and alt…Competition among Trading Venues: Information and Trading on Electronic Communications Networks (2003)Competition among Trading Ven…The Quality of ECN and Nasdaq Market Maker Quotes (2002)The Quality of ECN and Nasdaq…Competition and Integration among Stock Exchanges in Europe: Network Effects, Implicit Mergers and Remote Access (2001)Competition and Integration a…Automated Versus Floor Trading: An Analysis of Execution Costs on the Paris and New York Exchanges (2001)Automated Versus Floor Tradin…Presidential Address: Friction (2000)Presidential Address: FrictionCrossing Networks and Dealer Markets: Competition and Performance (2000)Crossing Networks and Dealer …Automated Versus Floor Trading: An Analysis of Execution Costs on the Paris and New York Exchanges (2000)Automated Versus Floor Tradin…Does Risk Sharing Motivate Interdealer Trading? (1998)Does Risk Sharing Motivate In…In Search of Liquidity: Block Trades in the Upstairs and Downstairs Markets (1997)In Search of Liquidity: Block…A cross-exchange comparison of execution costs and information flow for NYSE-listed stocks (1997)A cross-exchange comparison o…The Upstairs Market for Large-Block Transactions: Analysis and Measurement of Price Effects (1996)The Upstairs Market for Large…Dealer versus auction markets: A paired comparison of execution costs on NASDAQ and the NYSE (1996)Dealer versus auction markets…Cream-Skimming or Profit-Sharing? The Curious Role of Purchased Order Flow (1996)Cream-Skimming or Profit-Shar…Multimarket Trading and Market Liquidity (1991)Multimarket Trading and Marke…Consolidation, Fragmentation, and Market Performance (1987)Consolidation, Fragmentation,…COMPETITION BETWEEN EQUITY MARKETS: A REVIEW OF THE CONSOLIDATION VERSUS FRAGMENTATION DEBATE (2016)COMPETITION BETWEEN EQUITY MA…Price Manipulation, Price Discovery and Transaction Costs in the Crossing Network (2012)Price Manipulation, Price Dis…Determinants of Volume in Dark Pool Crossing Networks (2009)Determinants of Volume in Dar…Shedding Light on Dark Liquidity Pools (2008)Shedding Light on Dark Liquid…Stock Market Liquidity: Determinants and Implications * (2007)Stock Market Liquidity: Deter…Catching up with Technology — The Impact of Regulatory Changes on ECNs/MTFs and the Trading Venue Landscape in Europe (2006)Catching up with Technology —…Distribution of the Estimators for Autoregressive Time Series with a Unit Root (1979)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)Statistical analysis of cointegration vectors (1988)The information content of an open limit‐order book (2008)Price Discovery without Trading: Evidence from Limit Orders (2019)Information, trade and common knowledge (1982)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Inferring Trade Direction from Intraday Data (1991)Latency, Liquidity and Price Discovery (2011)Retail trader sophistication and stock market quality: Evidence from brokerage outages (2022)Continuous Auctions and Insider Trading (1985)A Theory of Intraday Patterns: Volume and Price Variability (1988)Transmission of Volatility between Stock Markets (1990)Intraday Price Formation in U.S. Equity Index Markets (2003)Market microstructure: A survey of microfoundations, empirical results, and policy implications (2005)Is market fragmentation harming market quality? (2011)Asset pricing and the bid-ask spread (1986)Separating microstructure noise from volatility (2005)Microstructure Noise, Realized Variance, and Optimal Sampling (2008)Network externalities, competition, and compatibility (1985)Liquidity-Based Competition for Order Flow (2003)Island Goes Dark: Transparency, Fragmentation, and Regulation (2005)Dark trading and price discovery (2015)The Market for Securities: Substitution Versus Price Pressure and the Effects of Information on Share Prices (1972)Price, trade size, and information in securities markets (1987)A Comparison of Trade Execution Costs for NYSE and NASDAQ-Listed Stocks (1997)Automation, speed, and stock market quality: The NYSE's Hybrid (2011)Do Dark Pools Harm Price Discovery? (2013)The Cross-Section of Expected Stock Returns (1992)Advertising, Breadth of Ownership, and Liquidity (2003)The illusory nature of momentum profits (2003)Estimating the components of the bid/ask spread (1988)The Behavior of Stock Prices Around Institutional Trades (1995)Transactions costs and investment style: an inter-exchange analysis of institutional equity trades (1997)Are Momentum Profits Robust to Trading Costs? (2004)Pricing the commonality across alternative measures of liquidity (2007)Measuring the Information Content of Stock Trades (1991)One Security, Many Markets: Determining the Contributions to Price Discovery (1995)Inferring investor behavior: Evidence from TORQ data (2000)Price Discovery and Trading After Hours (2003)
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References

  • 1996Dealer versus auction markets: A paired comparison of execution costs on NASDAQ and the NYSE1,009 cited
  • 2000Presidential Address: Friction681 cited
  • 1996The Upstairs Market for Large-Block Transactions: Analysis and Measurement of Price Effects601 cited
  • 1991Multimarket Trading and Market Liquidity597 cited
  • 1996Cream-Skimming or Profit-Sharing? The Curious Role of Purchased Order Flow537 cited
  • 1997In Search of Liquidity: Block Trades in the Upstairs and Downstairs Markets318 cited
  • 2002The Quality of ECN and Nasdaq Market Maker Quotes286 cited
  • 2003Competition among Trading Venues: Information and Trading on Electronic Communications Networks280 cited
  • 1997A cross-exchange comparison of execution costs and information flow for NYSE-listed stocks279 cited
  • 2000Crossing Networks and Dealer Markets: Competition and Performance257 cited
  • 1987Consolidation, Fragmentation, and Market Performance216 cited
  • 2001Automated Versus Floor Trading: An Analysis of Execution Costs on the Paris and New York Exchanges190 cited
  • 2003Institutional trading and alternative trading systems165 cited
  • 1998Does Risk Sharing Motivate Interdealer Trading?154 cited
  • 2000Automated Versus Floor Trading: An Analysis of Execution Costs on the Paris and New York Exchanges

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152 cited
  • 2001Competition and Integration among Stock Exchanges in Europe: Network Effects, Implicit Mergers and Remote Access103 cited
  • Cited by

    • 2009Determinants of Volume in Dark Pool Crossing Networks46 cited
    • 2016COMPETITION BETWEEN EQUITY MARKETS: A REVIEW OF THE CONSOLIDATION VERSUS FRAGMENTATION DEBATE41 cited
    • 2006Catching up with Technology — The Impact of Regulatory Changes on ECNs/MTFs and the Trading Venue Landscape in Europe32 cited
    • 2012Price Manipulation, Price Discovery and Transaction Costs in the Crossing Network25 cited
    • 2008Shedding Light on Dark Liquidity Pools25 cited
    • 2007Stock Market Liquidity: Determinants and Implications *23 cited