Order preferencing and market quality on NASDAQ before and after decimalization

Article Abstract:

Experimental evidence is provided on the extent and effect of order preferencing and market quality on NASDAQ using sample stocks before and after decimalization. Results suggest that order preferencing is prevalent on NASDAQ during both the pre- and post-decimalization.

Product quality, Quality management, Stock markets, Stock market, Nasdaq Stock Market Inc.

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A barrier option framework for corporate security valuation

Article Abstract:

A framework for corporate security valuation based on path-dependent, barrier option models instead of the commonly used path-independent approach is proposed. A direct implication of this framework is that equity will be priced as a down-and-out call option.

Capital funds & cash flow, Stock options, Valuation, Investment analysis, Securities analysis

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Ripples through markets: Inter-market impacts generated by large trades

Article Abstract:

The effect of large trades of European cross-traded firms on home market prices based on trades carried out on the London Stock ExchangeEs SEAQ-I market is analyzed.

Pricing Policy, United Kingdom, Pricing, International trade, London Stock Exchange PLC, Product price

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