Zicklin School of Business Financial Markets Series

Call Auction Trading

New Answers to Old Questions

Editors: Schwartz, Robert A., Byrne, John Aidan, Colaninno, Antoinette (Eds.)

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eBook $109.00
price for USA (gross)
  • ISBN 978-0-306-47976-2
  • Digitally watermarked, DRM-free
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  • Immediate eBook download after purchase
Hardcover $169.00
price for USA
  • ISBN 978-0-7923-7423-7
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  • Usually dispatched within 3 to 5 business days.
Softcover $139.00
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  • ISBN 978-1-4757-7752-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book is based on the proceedings of The Electronic Call Auction: New Answers to Old Questions, a conference hosted by the Zicklin School of Business on May 16, 2000. The text includes the edited transcripts of the panel discussions and separate addresses by three major industry executives Douglas M. Atkin, formerly President and CEO, Instinet Corporation; Kenneth D. Pasternak, formerly President and CEO, Knight/Trimark Group, Inc., and William J. Brodsky, Chairman and CEO, Chicago Board Options Exchange. The electronic call auction is an important trading vehicle in many market centers around the world, but is not well understood in the US. What are call auctions? How should they be designed and integrated with continuous trading in a hybrid market structure? As call auctions play a more central role in the US markets, how will they affect market quality in terms of transparency, order flow consolidation, and price discovery? These and other critical questions were asked at the conference while the efficiency of the US markets was broadly assessed.

Table of contents (8 chapters)

  • The Call Auction Alternative

    Schwartz, Robert A.

    Pages 1-14

  • The Broad Perspective

    Schwartz, Robert A. (et al.)

    Pages 15-38

  • View From a Market Maker

    Pasternak, Kenneth D.

    Pages 39-47

  • Alternative Call Auction Designs

    Domowitz, Ian (et al.)

    Pages 49-67

  • Darwinism vs. Protectionism In the US Equity Markets; the Case for Real Competition

    Atkin, Douglas

    Pages 69-75

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-0-306-47976-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $169.00
price for USA
  • ISBN 978-0-7923-7423-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $139.00
price for USA
  • ISBN 978-1-4757-7752-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Call Auction Trading
Book Subtitle
New Answers to Old Questions
Editors
  • Robert A. Schwartz
  • John Aidan Byrne
  • Antoinette Colaninno
Series Title
Zicklin School of Business Financial Markets Series
Copyright
2002
Publisher
Springer US
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-0-306-47976-2
DOI
10.1007/b100807
Hardcover ISBN
978-0-7923-7423-7
Softcover ISBN
978-1-4757-7752-9
Edition Number
1
Number of Pages
XX, 158
Topics