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Does an electronic stock exchange need an upstairs market?

, and . Journal of Financial Economics, 73 (1): 3--36 (July 2004)

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The profitability of technical trading rules in the Asian stock markets, and . Pacific-Basin Finance Journal, 3 (2–3): 257 - 284 (1995)The degree of price resolution and equity trading costs. Journal of Financial Economics, 45 (1): 9--34 (July 1997)A cross-exchange comparison of execution costs and information flow for NYSE-listed stocks, and . Journal of Financial Economics, 46 (3): 293--319 (December 1997)Bid-ask spreads in the interbank foreign exchange markets. Journal of Financial Economics, 35 (3): 317--348 (June 1994)Market transparency, liquidity externalities, and institutional trading costs in corporate bonds, , and . Journal of Financial Economics, 82 (2): 251--288 (November 2006)An empirical examination of information, differences of opinion, and trading activity, , and . Journal of Financial Economics, 40 (1): 105--134 (January 1996)Quote-based competition and trade execution costs in NYSE-listed stocks. Journal of Financial Economics, 70 (3): 385--422 (December 2003)Does an electronic stock exchange need an upstairs market?, and . Journal of Financial Economics, 73 (1): 3--36 (July 2004)Time-varying risk premia and forecastable returns in futures markets, and . Journal of Financial Economics, 32 (2): 169--193 (October 1992)