Analysis of the impact of the introduction of market makers to the Japan securities dealers association quotations (JASDAQ) market.
Chin, Marcus Sin Wei.
Law, Yee Wen.
Nguyen, Thi Anh Thu.
Date of Issue2002
College of Business (Nanyang Business School)
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 impact of this change on relative bid-ask spreads, turnovers and any detectable liquidity premium.
Final Year Project (FYP)
Nanyang Technological University