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University of Illinois at Urbana-Champaign
The Regional Stock Exchanges: Their Contributions to Market Liquidity and Economic Viability
Abstract
dc:descriptionTwo conflicting opinions were noted in the literature regarding the future of the regional stock exchanges (RSE). One view purported that the RSE would cease to exist after May 1, 1975 when commissions became negotiable. This view was based on the fact that 80 to 95 percent of RSE volume was in NYSE and ASE listed securities. The fixed minimum commission schedule (FMCS) was believed the primary reason for the RSE activity. Therefore, the RSE were expected to cease to exist when the SEC mandated the withdrawal of the FMCS. The counter view supported the development of a central market system (CMS) in which the RSE were expected to be vital links within the system.
Degree
thesis:*- Name thesis:degree_name
- Ph.D.
- Level thesis:degree_level
- Dissertation
- Discipline thesis:degree_discipline
- Finance
- Grantor
- University of Illinois at Urbana-Champaign
- Year dc:date
- 2014
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Perry, Gladys Edna
Subjects
dc:subject × 1Rights
- Language dc:language
- eng
Identifiers
dc:identifier.*- Identifier
- (UMI)AAI8127668
- OAI identifier oai:identifier
- oai:www.ideals.illinois.edu:2142/68373