RT Journal Article
SR Electronic
T1 Trading on Electronic versus Floor-based Markets
JF The Journal of Trading
FD Institutional Investor Journals
SP 69
OP 75
DO 10.3905/jot.2006.628197
VO 1
IS 2
A1 Jeffrey W. Smith
YR 2006
UL https://pm-research.com/content/1/2/69.abstract
AB Comparison of volume between Nasdaq- and NYSE-listed stocks has long been a concern for analysts. This paper provides two empirical analyses addressing the issue. One is based on stocks that transfer listing venues, the other based on regression modeling. Both indicate a complex relationship between the volume of a Nasdaq stock and that of a similar NYSE stock. The analysis is also used to forecast the change in aggregate NYSE volume as the trading of NYSE-listed stocks becomes more electronic.TOPICS: Exchanges/markets/clearinghouses, financial crises and financial market history