Tse, Yiuman; Hackard, James C. - In: Review of Quantitative Finance and Accounting 23 (2004) 2, pp. 149-166
On September 23, 2002, facing a regulatory mandate issued by the Securities and Exchange Commission, Island teminated the position of the Nasdaq 100 Index Tracking Stock (QQQ) on its book. While the market volume remained almost the same, Island's market share in the QQQ fell significantly....