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Get Cleaning House: Stock Reassignments On The Nyse - Web Ics Purdue

Ist system is that of reassignments of stocks by specialist firms on the floor of the Exchange. These events change the portfolios at the individual specialist level by reassigning one or more stocks from one individual specialist to another, and affect a large number of stocks. For instance, we document 240 such events involving 1,087 stocks over our 3-year sample period. We study the possible factors determining stock reassignments, and show the impact of these specialist firm decisions on the.

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