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Abstract–Third-Market Efficiency and NASDAQ

E. P. Mampe

Journal of Financial and Quantitative Analysis · 1974 · Volume 9 · Issue 5

DOI: 10.2307/2329658

Abstract

The study had two objectives: 1) an evaluation of third-market operational efficiency vis-a-vis the New York Stock Exchange and 2) an evaluation of any impact resulting from inclusion of third-market issues in the NASDAQ quotation system on preexisting third market versus NYSE efficiency.

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