haku: @author Hendershott, T. / yhteensä: 4
viite: 3 / 4
| Tekijä: | Hendershott, T. Mendelson, H. |
| Otsikko: | Crossing networks and dealer markets: competition and performance |
| Lehti: | Journal of Finance
2000 : OCT, VOL 15:5, p. 2071-2115 |
| Asiasana: | Financial markets Networks Network analysis Systems analysis Stock exchanges Electronic commerce |
| Kieli: | eng |
| Tiivistelmä: | The paper studies the interaction between dealer markets and a relatively new form of exchange, passive crossing networks, where buyers and sellers trade directly with one another. The find that the crossing network is characterized by both positive "liquidity" and negative "crowding externalities, and they analyze the effects of its introduction on the dealer markket. |
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