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Title Electronic vs. floor based trading / edited by Robert A. Schwartz, John Aidan Byrne, Antoinette Colaninno
Published New York, NY : Springer, ©2006

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Description 1 online resource (xvi, 175 pages) : illustrations
Series Zicklin School of Business financial markets conference series, Baruch College, CUNY
Zicklin School of Business financial markets conference series, Baruch College, CUNY.
Contents List of Participants -- Conference Sponsors -- Preface -- Getting the Trades Made -- Increasing Returns by Decreasing Trading Costs -- Operations of a Floor Broker -- Achieving Best Execution Through Market Structure Development -- Electronic Trading -- Hybrid Markets -- Electronic and Floor-Based Trading: The NYSE Hybrid Market -- The Economic Value of a Trading Floor: Evidence from the American Stock Exchange -- Participant Biographies -- Index
Summary Historically, specialists and other floor brokers, in direct contact on the trading floor, have been at the heart of operations at the national U.S. equity exchanges. At the other end of the spectrum, electronic trading platforms have characterized most other equity markets globally for many years. Recent developments at the NYSE have moved in this direction, but fundamental questions effecting market quality remain. Can the unique services offered by the floor be provided as effectively in an electronic environment? Which environment would institutional and retail traders each find most suitable to their special needs? Which environment offers better price and quantity discovery? These are some of the questions that are addressed in this book, while providing perspective on the future direction that exchange market structure is likely to follow in the coming years
Bibliography Includes bibliographical references and index
Notes Print version record
In Springer e-books
Subject Electronic trading of securities -- Congresses
Stock exchanges -- Computer networks.
Stocks -- Congresses
BUSINESS & ECONOMICS -- E-Commerce -- Online Trading.
Stock exchanges -- Computer networks.
Stocks.
Electronic trading of securities.
Affaires.
Science économique.
Economie de l'entreprise.
Electronic trading of securities
Stock exchanges -- Computer networks
Stocks
Genre/Form Electronic books
proceedings (reports)
Conference papers and proceedings
Conference papers and proceedings.
Actes de congrès.
Form Electronic book
Author Schwartz, Robert A. (Robert Alan), 1937-
Byrne, John Aidan.
Colaninno, Antoinette.
ISBN 9780387299099
0387299092
0387299106
9780387299105
9786610609420
661060942X
Other Titles Electronic versus floor based trading