Nonstandard-settlement transactions

被引：4

作者：

Angel, JJ ^{[1
]}

机构：

[1] Georgetown Univ, Sch Business, Washington, DC 20057 USA

来源：

FINANCIAL MANAGEMENT | 1998年 / 27卷 / 01期

关键词：

D O I：

10.2307/3666149

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Most NYSE trades settle in three business days, the customary period for a "regular-way" trade. Nonstandard-settlement trades settle at other times-usually on the same or next business day. At times these trades are a major part of the trading volume in some stocks. Some of these trades are extremely large dividend-capture trades while others may be used to bypass the limit-order book. Others are small market sell trades by individuals seeking faster access to sale proceeds. Situations are addressed in which users of empirical databases should and should not eliminate nonstandard-settlement trades.

引用

页码：31 / +

页数：17

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