Life After the Big Board Goes Electronic1

  • Paul Davis
  • Michael S. Pagano
  • Robert Schwartz
Conference paper
Part of the Zicklin School of Business Financial Markets Series book series (CUNY)


Trading Volume Equity Market Price Discovery Order Book Order Flow 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.



We thank Miroslav Budimir, Rainer Riess, Martin Reck, and Jamie Selway for their assistance and comments on an earlier draft of this paper. We are also grateful to an anonymous referee and the editor, Rodney Sullivan, for additional useful comments.


  1. Boehmer, E. 2005. ‘Dimensions of Execution Quality: Recent Evidence for U.S. Equity Markets.’ Journal of Financial Economics vol. 78, no. 3 (December), 553–582.CrossRefGoogle Scholar
  2. Clemons, E.K., and B.W. Weber. 1990. ‘London’s Big Bang: A Case Study of Information Technology, Competitive Impact, and Organizational Change.’ Journal of Management Information Systems, vol. 6, no. 4 (Spring), 41–60.Google Scholar
  3. Moulton, P.C. 2005. ‘You Can’t Always Get What You Want: Trade-Size lustering and Quantity Choice in Liquidity.’ Journal of Financial conomics, vol. 78. no. 1 (October), 89–119.CrossRefGoogle Scholar
  4. Paroush, J., R.A. Schwartz, and A. Wolf. 2006. ‘Trading, Price Setting and Volatility in Equity Markets Under Divergent Expectations and Adaptive Valuations.’ Working paper, Baruch College.Google Scholar
  5. Sarkar , A., and R.A. Schwartz. 2005. ‘Two-Sided Markets and Inter-Temporal Trade Clustering.’ Working paper, Baruch College.Google Scholar
  6. Schwartz, R.A., J. A. Byrne, and A. Colaninno. 2006. Electronic Vs. Floor Based Trading. Springer Science + Business Media, Inc.Google Scholar
  7. Schwartz, R.A., R. Francioni, and B. Weber. 2006. The Equity Trader Course, John Wiley & Sons.Google Scholar

Copyright information

© Springer Science+Business Media, LLC 2008

Authors and Affiliations

  • Paul Davis
  • Michael S. Pagano
  • Robert Schwartz

There are no affiliations available

Personalised recommendations