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| Author: | Venkataraman, K. |
| Title: | Automated versus floor trading: an analysis of execution costs on the Paris and New York exchanges |
| Journal: | Journal of Finance
2001 : AUG, VOL. 56:4, p. 1445-1485 |
| Index terms: | TRADING FRANCE USA |
| Freeterms: | EXECUTION COSTS |
| Language: | eng |
| Abstract: | A global trend towards automated trading systems raises the important question of whether execution costs are, in fact, lower than on trading floors. This paper compares the trade execution costs of similar stocks in an automated trading structure (Paris Bourse) and a floor-based trading structure (NYSE). |
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