search query: @indexterm LEGAL PROCESSES / total: 16
reference: 5 / 16
| Author: | Schultz, P. |
| Title: | Regulatory and legal pressures and the costs of Nasdaq trading |
| Journal: | Review of Financial Studies
2000 : WINTER, VOL. 13:4, p. 917-957 |
| Index terms: | FINANCIAL MARKET TRADING FINANCIAL REGULATION LEGAL PROCESSES TRANSACTION COSTS |
| Language: | eng |
| Abstract: | The Nasdaq market came under intense pressure from regulators and class-action lawsuits following allegations of tacit collusion by ChristieThis article examines the changes in transaction costs on the Nasdaq from January 1993 through June 1996 using 16 million trades in 30 stocks. Effective spreads cannot be estimated during 1995 and 1996 because time-stamps of trades and quotes cannot be matched. |
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