Transition to Electronic Communications Networks in the Secondary Treasury Market (ICPSR 1333)

Version Date: Nov 29, 2006

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Principal Investigator(s):
Bruce Mizrach, Rutgers University; Christopher J. Neely, Federal Reserve Bank of St. Louis

https://doi.org/10.3886/ICPSR01333.v1

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Summary

This article reviews the history of the recent shift to electronic trading in equity, foreign exchange, and fixed-income markets. The authors analyze a new data set: the eSpeed electronic Treasury network. They contrast the market microstructure of the eSpeed trading platform with the traditional voice-assisted networks that report through GovPX. The electronic market (eSpeed) has greater volume, smaller spreads, and a lower estimated trade impact than the voice market (GovPX).

Citation

Mizrach, Bruce, and Neely, Christopher J. Transition to Electronic Communications Networks in the Secondary Treasury Market. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2006-11-29. https://doi.org/10.3886/ICPSR01333.v1

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Funding

Federal Reserve Bank of St. Louis. Research Division

Subject Terms

Distributor(s)

Inter-university Consortium for Political and Social Research
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Data Collection Notes

  1. (1) The file submitted is the data file 0611cn2d.xls. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigators if further information is desired.

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Original Release Date

2006-11-29

Version History

2018-02-15 The citation of this study may have changed due to the new version control system that has been implemented. The previous citation was:

  • Mizrach, Bruce, and Christopher J. Neely. Transition to Electronic Communications Networks in the Secondary Treasury Market. ICPSR01333-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2006-11-29. http://doi.org/10.3886/ICPSR01333.v1

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Notes

  • These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

  • The public-use data files in this collection are available for access by the general public. Access does not require affiliation with an ICPSR member institution.