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Electronic vs. Floor Based TradingOperations of a Floor Broker

Electronic vs. Floor Based Trading: Operations of a Floor Broker CHAPTER 3: OPERATIONS OF A FLOOR BROKER Moderator - Rohert Schwartz, Zicklin School of Business, Baruch College Marvin M. Speiser Professor of Finance and University Distinguished Professor Paul Davis, TIAA-CREF Investment Management Senior Managing Director Robert Fagenson, Fagenson & Company President Robert McCooey, The Griswold Company President & Chief Executive Officer Doreen Mogavero, Mogavero, Lee & Company President & Chief Executive Officer Jamie Selway, White Cap Trading Managing Director Robert Shapiro, Iridian Asset Management Director of Trading ROBERT SCHWARTZ: The title of this session, 'Operations of a Floor Broker,' is fine for the program, but I would also like to focus on the value of a trading floor in our discussions. In numerous ways, the first panel and Ed NicoU's speech set the tone today. With that, I would like to start by making sure that everybody knows the cast of characters on the panel. So, Bobby McCooey and Doreen Mogavero, will you confirm that you indeed are direct access brokers? ROBERT McCOOEY: We are indeed direct access brokers. DOREEN MOGAVERO: I am a direct access broker on the New York Stock Exchange. SCHWARTZ: Thank you. We have two direct access brokers here. Next, look at who I have http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Electronic vs. Floor Based TradingOperations of a Floor Broker

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/lp/springer-journals/electronic-vs-floor-based-trading-operations-of-a-floor-broker-I9JBgOUHSE
Publisher
Springer US
Copyright
© Springer Science+Business Media, Inc. 2006
ISBN
978-0-387-29909-9
Pages
27 –47
DOI
10.1007/0-387-29910-6_3
Publisher site
See Chapter on Publisher Site

Abstract

CHAPTER 3: OPERATIONS OF A FLOOR BROKER Moderator - Rohert Schwartz, Zicklin School of Business, Baruch College Marvin M. Speiser Professor of Finance and University Distinguished Professor Paul Davis, TIAA-CREF Investment Management Senior Managing Director Robert Fagenson, Fagenson & Company President Robert McCooey, The Griswold Company President & Chief Executive Officer Doreen Mogavero, Mogavero, Lee & Company President & Chief Executive Officer Jamie Selway, White Cap Trading Managing Director Robert Shapiro, Iridian Asset Management Director of Trading ROBERT SCHWARTZ: The title of this session, 'Operations of a Floor Broker,' is fine for the program, but I would also like to focus on the value of a trading floor in our discussions. In numerous ways, the first panel and Ed NicoU's speech set the tone today. With that, I would like to start by making sure that everybody knows the cast of characters on the panel. So, Bobby McCooey and Doreen Mogavero, will you confirm that you indeed are direct access brokers? ROBERT McCOOEY: We are indeed direct access brokers. DOREEN MOGAVERO: I am a direct access broker on the New York Stock Exchange. SCHWARTZ: Thank you. We have two direct access brokers here. Next, look at who I have

Published: Jan 1, 2006

Keywords: Mutual Fund; Trading Cost; Limit Order; Price Discovery; Market Maker

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