Stern School of Business, New York University. For comments on an earlier draft, I am indebted to the editor, the anonymous referees, Gail Belonsky, Frederick H. deB. Harris, Gautam Kaul, A. Craig MacKinlay, Ananth Madhavan, Terry Marsh, Maureen O'Hara, and presentation audiences at Duke University, University of Iowa, University of Missouri, Washington University, and the American Finance Association. The author is a former Visiting Academic Economist at the New York Stock Exchange. All errors are my own responsibility.
One Security, Many Markets: Determining the Contributions to Price Discovery
Article first published online: 30 APR 2012
DOI: 10.1111/j.1540-6261.1995.tb04054.x
1995 The American Finance Association
Additional Information
How to Cite
HASBROUCK, J. (1995), One Security, Many Markets: Determining the Contributions to Price Discovery. The Journal of Finance, 50: 1175–1199. doi: 10.1111/j.1540-6261.1995.tb04054.x
- †
Stern School of Business, New York University. For comments on an earlier draft, I am indebted to the editor, the anonymous referees, Gail Belonsky, Frederick H. deB. Harris, Gautam Kaul, A. Craig MacKinlay, Ananth Madhavan, Terry Marsh, Maureen O'Hara, and presentation audiences at Duke University, University of Iowa, University of Missouri, Washington University, and the American Finance Association. The author is a former Visiting Academic Economist at the New York Stock Exchange. All errors are my own responsibility.
Publication History
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
Options for accessing this content:
- If you have access to this content through a society membership, please first log in to your society website.
- If you would like institutional access to this content, please recommend the title to your librarian.
- Login via other institutional login options http://onlinelibrary.wiley.com/login-options.
- You can purchase online access to this Article for a 24-hour period (price varies by title)
- If you already have a Wiley Online Library or Wiley InterScience user account: login above and proceed to purchase the article.
- New Users: Please register, then proceed to purchase the article.
If your institution is a registered Wiley Online Library customer, you can log in under your institution's name to see our content. This access is provided by Shibboleth or Athens.
Type your institution's name in the box below. If your institution is a Wiley customer, it will appear in the list of suggested institutions.
Registered Users please login:
- Access your saved publications, articles and searches
- Manage your email alerts, orders and subscriptions
- Change your contact information, including your password
Please register to:
- Save publications, articles and searches
- Get email alerts
- Get all the benefits mentioned below!

1540-6261/asset/olbannerleft.gif?v=1&s=f5fa766df21c6468d114bb94916c51480b2eed9e)
1540-6261/asset/jofi_centre.gif?v=1&s=3be479aa919c797606665cb79e364d5eb71c8734)
1540-6261/asset/cover.gif?v=1&s=5192ce61b1e4bde927ebc2df55b44b4da55ef137)