BID-ASKS AROUND EARNINGS ANNOUNCEMENTS: EVIDENCE FROM THE NASDAQ NATIONAL MARKET SYSTEM

BID-ASKS AROUND EARNINGS ANNOUNCEMENTS: EVIDENCE FROM THE NASDAQ NATIONAL MARKET SYSTEM PDF Author: DOUGLAS J. SKINNER
Publisher:
ISBN:
Category :
Languages : en
Pages : 40

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BID-ASKS AROUND EARNINGS ANNOUNCEMENTS: EVIDENCE FROM THE NASDAQ NATIONAL MARKET SYSTEM

BID-ASKS AROUND EARNINGS ANNOUNCEMENTS: EVIDENCE FROM THE NASDAQ NATIONAL MARKET SYSTEM PDF Author: DOUGLAS J. SKINNER
Publisher:
ISBN:
Category :
Languages : en
Pages : 40

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Bid-ask Spreads Around Earnings Announcements

Bid-ask Spreads Around Earnings Announcements PDF Author: Douglas J. Skinner
Publisher:
ISBN:
Category :
Languages : en
Pages : 42

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Earnings Quality

Earnings Quality PDF Author: Patricia M. Dechow
Publisher: Research Foundation of the Institute of Chartered Financial Analysts
ISBN: 9780943205687
Category : Corporate profits
Languages : en
Pages : 152

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The New Stock Market

The New Stock Market PDF Author: Merritt B. Fox
Publisher: Columbia University Press
ISBN: 023154393X
Category : Business & Economics
Languages : en
Pages : 612

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Book Description
The U.S. stock market has been transformed over the last twenty-five years. Once a market in which human beings traded at human speeds, it is now an electronic market pervaded by algorithmic trading, conducted at speeds nearing that of light. High-frequency traders participate in a large portion of all transactions, and a significant minority of all trade occurs on alternative trading systems known as “dark pools.” These developments have been widely criticized, but there is no consensus on the best regulatory response to these dramatic changes. The New Stock Market offers a comprehensive new look at how these markets work, how they fail, and how they should be regulated. Merritt B. Fox, Lawrence R. Glosten, and Gabriel V. Rauterberg describe stock markets’ institutions and regulatory architecture. They draw on the informational paradigm of microstructure economics to highlight the crucial role of information asymmetries and adverse selection in explaining market behavior, while examining a wide variety of developments in market practices and participants. The result is a compelling account of the stock market’s regulatory framework, fundamental institutions, and economic dynamics, combined with an assessment of its various controversies. The New Stock Market covers a wide range of issues including the practices of high-frequency traders, insider trading, manipulation, short selling, broker-dealer practices, and trading venue fees and rebates. The book illuminates both the existing regulatory structure of our equity trading markets and how we can improve it.

Securities Markets

Securities Markets PDF Author: Richard J. Hillman (au)
Publisher: DIANE Publishing
ISBN: 9781422302361
Category : Business & Economics
Languages : en
Pages : 122

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Book Description
In early 2001, U.S. stock & option markets began quoting prices in decimal increments rather than fractions of a dollar. At the same time, the minimum price increment, or tick size, was reduced to a penny on the stock markets & to 10¢ & 5¢ on the option markets. Although many believe that decimal pricing has benefited small individual (retail) investors, concerns have been raised that the smaller tick sizes have made trading more challenging & costly for large institutional investors, including mutual funds & pension plans. The financial livelihood of market intermediaries may also have been negatively affected by the lower ticks. This report assesses the effect of decimal pricing on retail & institutional investors & on market intermediaries. Charts.

Spreads, Depths, and the Impact of Earnings Information

Spreads, Depths, and the Impact of Earnings Information PDF Author: Charles M. C. Lee
Publisher:
ISBN:
Category : Securities
Languages : en
Pages : 48

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Stochastic Precision and Market Reactions to Earnings Announcements

Stochastic Precision and Market Reactions to Earnings Announcements PDF Author: K. R. Subramanyam
Publisher:
ISBN:
Category :
Languages : en
Pages : 314

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Journal of Econometrics

Journal of Econometrics PDF Author:
Publisher:
ISBN:
Category : Econometrics
Languages : en
Pages : 420

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Journal of Corporate Finance

Journal of Corporate Finance PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 444

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Report Pursuant to Section 21(a) of the Securities Exchange Act of 1934 Regarding the NASD and the Nasdaq Market

Report Pursuant to Section 21(a) of the Securities Exchange Act of 1934 Regarding the NASD and the Nasdaq Market PDF Author: United States. Securities and Exchange Commission
Publisher:
ISBN:
Category : Brokers
Languages : en
Pages : 156

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