Rave Reviews for Levitt's Call Market
Traders Magazine, December 1999
While some dealers may balk at the idea, SEC Chairman Arthur Levitt's support for a unified price opening - more popularly known as a call market - is finding an enthusiastic reception among academic experts and institutional stock trading managers.
"I think it would be an excellent innovation," said Robert Schwartz, Professor of Finance for the Zicklin School of Business at Baruch College. "For natural buyers and sellers this is very efficient."
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