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Competition and the Pricing of Dealer Service in the Over-the-Counter Stock Market

Published online by Cambridge University Press:  19 October 2009

Seha M. Tinic  and
Richard R. West
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Extract

The stock market is in the midst of an era of change unparalleled since the Great Depression, long-standing institutions — including the major stock exchanges — are being radically challenged by contemporary developments, and novel approaches to making markets for common stocks are appearing with increasing frequency. In addition, the Martin Report and the recent hearings of the Securities and Exchange Commission on the future structure of the equities market indicate that the regulatory climate surrounding the stock market can be expected to undergo serious change in the near future.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 7 , Issue 3 , June 1972 , pp. 1707 - 1727
Copyright
Copyright © School of Business Administration, University of Washington 1972

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References

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