The SEC’s Order Handling Rules of 1997 and Beyond: <i>Perspective and Outcomes of the Landmark Regulation</i>

Lindsey, Richard R.; Byrne, John Aidan; Schwartz, Robert A.

doi:10.3905/jpm.2016.42.3.056

Search citation statements

Order By: Relevance

Paper Sections

Select...

Literature Review1

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2016

2023

Publication Types

Select...

Article4

Relationship

Self Cite0

Independent4

Authors

Journals

Cited by 4 publications

(1 citation statement)

References 15 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Following the 1987 stock market crash, the SEC adopted "Order Handling Rules" which required market makers to publish their best bid and ask on the NASDAQ (Lindsey, Byrne, & Schwartz, 2016). Another reform made was the "Small Order Execution System," or "SOES," which required market makers to buy or sell, immediately, small orders (up to 1000 shares) at the market maker's listed bid or ask.…”

Section: Literature Reviewmentioning

confidence: 99%

Stock Performance Prior to Federal Holidays

2023

JABE

View full text Add to dashboard Cite

The purpose of this study is to understand the impact of Federal holidays on a stock price. This research analyzed stock performance for the five trading days before each of the ten Federal holidays. Forty data points are found by the difference between a buy price (six days before a holiday) and a selling price (one day before a holiday). A 95% confidence interval is calculated using the difference of two sample means of the buy and sell prices. The mean buy price and sell prices were different enough to show an investible opportunity. This shows Federal holidays impact stock prices.

show abstract

Section: Literature Reviewmentioning

confidence: 99%