Competition on the Nasdaq and the Impact of Recent Market Reforms

By J. Weston. 2000

163 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/e169e8f08a600fe2dfa10ed4a2aeeef80547effc

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Citations in the corpus

Trading Your Neighbor's Etfs: Competition or Fragmentation? (2001, unknown): “See the NYSE Report on Decimalization of Trading, submitted to the SEC on September 7, 2001 (available: www.nyse.com).”
Trade Execution Costs and Market Quality after Decimalization (2003, background): “Bessembinder (1999) and Stoll (2000) reported that trading cost differentials across markets narrowed substantially after these reforms, while Weston (2000), who focused exclusively on large capitalization stocks, reported that trading costs were nearly equal after the market reforms.”
Using Matched Samples to Test for Differences in Trade Execution Costs (2009, unknown): “…approaches are used by Keim and Madhavan (1997), Bessembinder and Kaufamn (1997a, 1997b), LaPlante and Muscarella (1997), Bessembinder (1999, 2003), Weston (2000), Venkataraman (2001), SEC (2001), Bacidore and Sofianos (2002), Boehmer (2003), Chung and Chuwonganant (2004), Chung et al. (2001,…”
Search in Asset Markets: Market Structure, Liquidity, and Welfare (2007, methodology): “We …nd that a reform which reduces the dealers'market power can quite naturally lead to lower trading costs, higher trade volume, and a net entry of dealers, in line with the evidence provided by James Weston (2000).”
Advertising, Breadth of Ownership, and Liquidity (2004, unknown): “We follow Weston (2000) in filtering the trade and quote data for errors.”
Stock Market Liquidity and the Cost of Issuing Equity (2005, methodology): “We follow Weston (2000) in filtering the TAQ data for errors.”
Risk and Return in High-Frequency Trading (2018, background): “Introduction Traditional models of market making argue that competition among market intermediaries should decrease their profits and lead to lower trading costs for other investors (Ho and Stoll, 1983; Weston 2000).”
The Relative Informational Efficiency of Stocks and Bonds: An Intraday Analysis (2007, unknown): “We filter the data using the applicable rules in Weston (2000).”
Modeling the bid/ask spread: measuring the inventory-holding premium ☆ (2004, unknown): “…market structure (e.g., Bessembinder and Kaufman, 1997; Ellis, Michaely and O'Hara, 2002), tick size (e.g, Bacidore, 1997; Bollen and Whaley, 1998; Goldstein and Kavajecz, 2000; Jones and Lipson, 2001; Bessembinder, 2003), and order-processing rules (e.g, Bessembinder, 1999; Weston, 2000).”
Market structure, fragmentation, and market quality (2006, background): “They are not large and actively traded stocks if compared to index stocks and actively traded ETFs.6 We 1See Weston (2000), Sapp and Yan (2003), and Boehmer (2005).”
Issues in Assessing Trade Execution Costs (2003, result): “with the results reported by Weston (2000) , who examines only large-capitalization stocks.”