BANK • PEŁNY PODGLĄD
Ciekawostka: It`s possible to lead a cow upstairs but not downstairs
Bezużyteczne Fakty • uselessfacts-api
ŹRÓDŁA I DOWODY
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Upstairs, Downstairs: Electronic vs. Open Outcry Exchanges. Computerized trading has made great inroads in equity and derivatives markets, especially in Europe and Asia, but open outcry markets remain dominant in the United States despite predictions of the imminent demise of floor trading. This article identifes three factors that influence the relative liquidity of computerized and open outcry markets: the sizes of upstairs and downstairs liquidity pools, the magnitude of the risk that upstairs traders face in being "picked off" when trading via limit order in an open outcry market, and the quality of information available to floor and upstairs traders. Although liquidity differences cert…
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