IDEAS home Printed from https://ideas.repec.org/p/wop/gesbwp/_006.html
   My bibliography  Save this paper

How Best to Supply Liquidity to a Small-Capitalization Securities Market

Author

Listed:
  • James J. Angel

    () (Georgetown University School of Business)

Abstract

There is a worldwide search for better ways to supply liquidity for small-capitalization stocks. Although Nasdaq provides a liquid market for such stocks by giving broker-dealers financial incentives to generate order flow, recent allegations of dealer collusion have led to calls for reform. It is possible to design a fair, transparent computerized market that also creates incentives for broker-dealers to generate order flow by using secondary priority rules other than time. A nontrivial relative tick size is also important for providing liquidity by enforcing priority rules.

Suggested Citation

  • James J. Angel, "undated". "How Best to Supply Liquidity to a Small-Capitalization Securities Market," Working Papers _006, Georgetown School of Business.
  • Handle: RePEc:wop:gesbwp:_006
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wop:gesbwp:_006. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.