A Trading Desk View of Market Quality (eBook, PDF)

Redaktion: Schwartz, Robert A.; Colaninno, Antoinette; Byrne, John Aidan

• Format: PDF

Produktbeschreibung

"Market quality" is a complex, ambiguous term that means different things to different people. How should it be defined, measured, monitored, and improved? What is the evidence about the current state of our markets? How effective have recent innovations been? How can we better meet investor needs? These are some of the questions that we address in this book, along with a broad range of issues concerning equity market structure, regulation, and the quest for best execution. Throughout, particular attention is given to the perspective of front line participants on the buy-side and sell-side trading desks.

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Produktdetails

• Verlag: Springer US
• Seitenzahl: 200
• Erscheinungstermin: 19. Dezember 2005
• Englisch
• ISBN-13: 9780387231143
• Artikelnr.: 37286096

Autorenporträt

Robert A. Schwartz is Marvin M. Speiser Professor of Finance and University Distinguished Professor in the Zicklin School of Business, Baruch College, CUNY. Before joining the Baruch faculty in 1997, he was Professor of Finance and Economics and Yamaichi Faculty Fellow at New York University's Leonard N. Stern School of Business, where he had been a member of the faculty since 1965. Professor Schwartz received his PhD in economics from Columbia University. He has published over fifty journal articles and fifteen books. He has served as a consultant to various market centers including the New York Stock Exchange, the American Stock Exchange, NASDAQ, and Deutsche Börse, and has been an associate editor for several finance journals. In 1995, Professor Schwartz was named the first chairman of NASDAQ's Economic Advisory Board, where he served until the spring of 1999.

Inhaltsangabe

Recent Evidence on Market Quality.- Intra-Day Volatility: Friend or Foe?.- View from the Trading Desks.- View from an ECN.- Perspective of the Market Architects.- Does Best Execution Make Sense?.- Thoughts from a Former Regulator.- Volatility in U.S. and European Equity Markets: An Assessment of Market Quality.