附註:"Based on the proceedings of 'The Electronic Call Auction: New Answers to Old Questions', a conference hosted by the Zicklin School of Business on May 16, 2000"--Page [xiii].
Includes bibliographical references and index.
Ch. 1. The Call Auction Alternative -- Ch. 2. The Broad Perspective -- Ch. 3. View From a Market Maker -- Ch. 4. Alternative Call Auction Designs -- Ch. 5. Darwinism vs. Protectionism In the US Equity Markets -- Ch. 6. View from a Derivatives Exchange -- Ch. 7. Integrating Call and Continuous Trading -- Ch. 8. A Call Auction's Role in the Marketplace.
摘要:"The purpose of Call Auction Trading: New Answers to Old Questions is to consider how a call auction facility operates and its broader role in the marketplace. A spectrum of questions are raised and debated. What is a call auction? How should call auctions be designed? How should call auction and continuous trading be integrated in a hybrid market structure? What is the price discovery function of a call auction, especially at market openings? When the dust settles on the answers, it may be recognized that the introduction of electronic call auction trading in our markets is one of the most profound changes in U.S. equity market structure that could be made."--Jacket.
