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An Exchange Is a Many-Splendored Thing: The Classification and Regulation of Automated Trading Systems

In: The Industrial Organization and Regulation of the Securities Industry

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  • Ian Domowitz

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  • Ian Domowitz, 1996. "An Exchange Is a Many-Splendored Thing: The Classification and Regulation of Automated Trading Systems," NBER Chapters, in: The Industrial Organization and Regulation of the Securities Industry, pages 93-124, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberch:8103
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    References listed on IDEAS

    as
    1. Madhavan, Ananth, 1992. "Trading Mechanisms in Securities Markets," Journal of Finance, American Finance Association, vol. 47(2), pages 607-641, June.
    2. Chris Leach, J. & Madhavan, Ananth N., 1992. "Intertemporal price discovery by market makers: Active versus passive learning," Journal of Financial Intermediation, Elsevier, vol. 2(2), pages 207-235, June.
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    Cited by:

    1. Ian Domowitz, 2002. "Liquidity, Transaction Costs, and Reintermediation in Electronic Markets," Journal of Financial Services Research, Springer;Western Finance Association, vol. 22(1), pages 141-157, August.
    2. Xuefeng Gao & S. J. Deng, 2014. "Hydrodynamic limit of order book dynamics," Papers 1411.7502, arXiv.org, revised Feb 2016.

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