5Hasbrouch.Jocl,“Security Marker,Information and Liquidity,”Financial Practice & Education,Fall／Winter91,Vol.1 Issue2.
6J.Hasbrouck,“Measuring the Information Content of Stock Trades,”Journal of Finance,March,1991.
7K.J.Cohen and R.A.Schwartz,“Realizing the Potential of an Electronic Trading System”,in Information Technology and Security Markets Under Stress,New York University,1988.
8K.J.Cohen,S.Maier,R.Schwartz and D.Whircomb,“Transaction Costs,Order Placement Strategy and the Existence of the Bid-Ask Spread,”Journal of Political Economy,April,1981.
5See Christopher C. Geczy.Jinghua Yan. Who are the Beneficiaries When Insider Trade? An Examination of Piggybacking in the Brokerage Industry [ J ]. EFA 2005 Moscow Meetings AFA 2007 Chicago Meeting Paper, March 15, 2006.
6See Christopher M. Gorman. ARE CHINESE WALLS THE BEST SOLUTION TO THE PROB- LEMS OF INSIDER TRADING AND CONFLICTS OF INTEREST IN BROKER-DEALERS? [ M]. 9 Fordham J. corp. & Fin. L. 475.
7See IOSCO,Ibid. p. 8.
8《相关证券交易法规汇编》No.34-1548(1938年2月8日).
9See Amendments to Regulation SHO , supra note 34,pp. 13-14.
