Designated market makers, who historically have provided liquidity (i.e,, have stood by ready to buy and sell)

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Designated market makers, who historically have provided liquidity (i.e,, have stood by ready to buy and sell) in markets for specific stocks, have declined in importance. Explain this decline in terms of technology and global economic integration.

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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