Alryalat, Haroun; Dwivedi, Yogesh Kumar; Kuljis, Jasna; … - In: International Journal of Electronic Finance 1 (2006) 2, pp. 151-170
The purpose of this paper is to present a critical analysis on the competition between online (ECN) and traditional (Market Maker (MM)) trading on the Nasdaq stock exchange. Online stock trading mechanisms at the exchanges are often a hybrid of dealer and auction markets. Different aspects of...
