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- Title
Market Making and Trading in Nasdaq Stocks.
- Authors
Goldstein, Michael A.; Nelling, Edward F.
- Abstract
Examines the relations between the number of market makers, trading activity and price improvement in Nasdaq stocks using a model motivated by Grossman and Miller. Volume and number of trades and trade size in Nasdaq; Statistics of trading volume, bid-ask spreads and market making in Nasdaq stocks; Analysis of model specification on market makers; Information on the distribution of market makers for Nasdaq National Market System firms as of December 1990.
- Subjects
NASDAQ Stock Market; TRADING companies; MARKET makers
- Publication
Financial Review, 1999, Vol 34, Issue 1, p27
- ISSN
0732-8516
- Publication type
Article
- DOI
10.1111/j.1540-6288.1999.tb00443.x