Analysis of the impact of the introduction of market makers to the Japan securities dealers association quotations (JASDAQ) market.

• Main Authors: Chin, Marcus Sin Wei., Law, Yee Wen., Nguyen, Thi Anh Thu.
• Other Authors: Cheng, Philip Yim Kwong
• Format: Final Year Project
• Published: 2008
• Subjects: DRNTU::Business::Finance::Stock exchanges
• Online Access: http://hdl.handle.net/10356/8541
• Institution: Nanyang Technological University

The paper examines the impact of the introduction of market makers onto the Japan Securities Dealers Association Quotations (JASDAQ) market, occurred from December 1998 for the trading of selected stocks. Prior to this, all trading was carried out via an order-driven system. We investigate the impac...