Cubes to quads: The move of QQQ from AMEX to NASDAQ

We examine the microstructure effects of the QQQ ETF listing change from AMEX to NASDAQ. We find that even though the stock traded on both venues before and after the listing change, NASDAQ reaped a substantial increase in order flow for QQQ at the expense of the AMEX. The change results in a declin...

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Veröffentlicht in:	Journal of economics and business 2007-11, Vol.59 (6), p.520-535
Hauptverfasser:	Broom, Kevin D., Van Ness, Robert A., Warr, Richard S.
Format:	Artikel
Sprache:	eng
Schlagworte:	ETF Exchange traded funds NASDAQ NASDAQ trading QQQ Securities markets Studies
Online-Zugang:	Volltext
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