Coping with Liquidity Provision

LARRY TABB: This panel, Coping with Liquidity Provision, sums up, to a certain extent, what our industry is all about. That is, trying to find the other side of the trade; trying to find liquidity; trying to find how we price liquidity; and about how we i

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Robert A. Schwartz John Aidan Byrne Eileen Stempel  Editors

Equity Trading Round-Up

Proposals for Strengthening the Markets

Zicklin School of Business Financial Markets Series Robert A. Schwartz, Editor Zicklin School of Business Baruch College/CUNY New York, NY, USA

More infomation about this series at http://www.springer.com/series/7133

Robert A. Schwartz  •  John Aidan Byrne  Eileen Stempel Editors

Equity Trading Round-Up Proposals for Strengthening the Markets

Editors Robert A. Schwartz Zicklin School of Business Baruch College/CUNY New York, NY, USA

John Aidan Byrne Rockaway, NJ, USA

Eileen Stempel Zicklin School of Business Baruch College/CUNY New York, NY, USA

Zicklin School of Business Financial Markets Series ISBN 978-3-030-51014-5    ISBN 978-3-030-51015-2 (eBook) https://doi.org/10.1007/978-3-030-51015-2 © Springer Nature Switzerland AG 2021 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors, and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

To our friend, R. Steven Wunsch

Zicklin School of Business Financial Markets Series

Other Books in the Series: Schwartz, Robert A., Byrne, John A., Stempel, Eileen (eds.): Market Integrity: Do Our Equity Markets Pass the Test? Schwartz, Robert A., Byrne, John A., Stempel, Eileen (eds.): Rapidly Changing Securities Markets: Who Are the Initiators? Schwartz, Robert A., Byrne, John A., Wheatley, Lauren (eds.): The Economic Function of a Stock Exchange Schwartz, Robert A., Byrne, John A., Schnee, Gretchen (eds.): The Quality of Our Financial Markets: Taking Stock of Where We Stand Schwartz, Robert A., Byrne, John A., Schnee, Gretchen (eds.): Rethinking Regulatory Structure Schwartz, Robert A., Byrne, John A., Colaninno, Antoinette (eds.): Volatility Schwartz, Robert A., Byrne, John