Should Ecns Be Soes-Able?

Rutgers University Dept. of Economics Working Paper No. 2000-10

19 Pages Posted: 29 May 2002

See all articles by Bruce Mizrach

Bruce Mizrach

Rutgers University, Department of Economics

Yijie Zhang

Yale School of Management

Date Written: July 2000

Abstract

This paper documents the significant role of ECNs in forming the inside market in NASDAQ securities. We argue that the ECNs need to be exposed to market orders through the SOES system.

Keywords: ECN, Microstructure, NASDAQ, SOES

JEL Classification: G1, G14

Suggested Citation

Mizrach, Bruce and Zhang, Yijie, Should Ecns Be Soes-Able? (July 2000). Rutgers University Dept. of Economics Working Paper No. 2000-10, Available at SSRN: https://ssrn.com/abstract=312160 or http://dx.doi.org/10.2139/ssrn.312160

Bruce Mizrach

Rutgers University, Department of Economics ( email )

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Yijie Zhang (Contact Author)

Yale School of Management ( email )

135 Prospect Street
P.O. Box 208200
New Haven, CT 06520-8200
United States