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The New York University Salomon Center Series on Financial Markets and Institutions

The Electronic Call Auction: Market Mechanism and Trading

Building a Better Stock Market

Editors: Schwartz, Robert A. (Ed.)

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eBook 128,39 €
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  • ISBN 978-1-4615-1697-2
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Hardcover 166,39 €
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  • ISBN 978-0-7923-7256-1
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Softcover 166,39 €
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  • ISBN 978-1-4613-5683-7
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About this book

ROBERT A. SCHWARTZ The primary objective of this book is to consider how the inclusion of electronic call auction trading would affect the performance of our U.S. equity markets. The papers it contains focus on the call auction and its role in a hybrid market struc­ ture. The purpose is to increase understanding of this trading environment, and to consider the design of a more efficient stock market. This book had its origin in a symposium, Electronic Call Market Trading, that was held at New York University's Salomon Center on April 20, 1995. Nearly 150 people from 16 different countries attended. At the time, three proprietary trading systems based on call auction principles (The Arizona Stock Exchange, Posit, and Instinet's Crossing Network) had been operating for several years and interest already existed in the procedure. Since the symposium, increasing use has been made of call auctions, primarily by the ParisBourse in its Nouveau Marchi: and CAC markets, by Deutsche Borse in its Xetra market, and in the U.S. by OptiMark. Rather than being used as stand alone systems, however, call auctions are now being interfaced with continuous markets so as to produce hybrid market structures, a development that is given considerable attention to in a number of the chapters in this book.

Table of contents (28 chapters)

Table of contents (28 chapters)

Buy this book

eBook 128,39 €
price for Spain (gross)
  • ISBN 978-1-4615-1697-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 166,39 €
price for Spain (gross)
  • ISBN 978-0-7923-7256-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 166,39 €
price for Spain (gross)
  • ISBN 978-1-4613-5683-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
The Electronic Call Auction: Market Mechanism and Trading
Book Subtitle
Building a Better Stock Market
Editors
  • Robert A. Schwartz
Series Title
The New York University Salomon Center Series on Financial Markets and Institutions
Series Volume
7
Copyright
2001
Publisher
Springer US
Copyright Holder
Kluwer Academic Publishers
eBook ISBN
978-1-4615-1697-2
DOI
10.1007/978-1-4615-1697-2
Hardcover ISBN
978-0-7923-7256-1
Softcover ISBN
978-1-4613-5683-7
Series ISSN
1387-6899
Edition Number
1
Number of Pages
XVII, 462
Topics