Author: Sheldon M. Jaffe
Publisher:
ISBN:
Category : Brokers
Languages : en
Pages : 472

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Book Description

Author: New York Stock Exchange. Advisory Committee on International Capital Markets
Publisher:
ISBN:
Category : Brokers
Languages : en
Pages : 108

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Book Description

Author: Nicholas Wolfson
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 538

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Author: United States. Securities and Exchange Commission
Publisher:
ISBN:
Category :
Languages : en
Pages : 1174

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Book Description

Author: Merritt B. Fox
Publisher: Columbia University Press
ISBN: 023154393X
Category : Business & Economics
Languages : en
Pages : 612

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Book Description
The U.S. stock market has been transformed over the last twenty-five years. Once a market in which human beings traded at human speeds, it is now an electronic market pervaded by algorithmic trading, conducted at speeds nearing that of light. High-frequency traders participate in a large portion of all transactions, and a significant minority of all trade occurs on alternative trading systems known as “dark pools.” These developments have been widely criticized, but there is no consensus on the best regulatory response to these dramatic changes. The New Stock Market offers a comprehensive new look at how these markets work, how they fail, and how they should be regulated. Merritt B. Fox, Lawrence R. Glosten, and Gabriel V. Rauterberg describe stock markets’ institutions and regulatory architecture. They draw on the informational paradigm of microstructure economics to highlight the crucial role of information asymmetries and adverse selection in explaining market behavior, while examining a wide variety of developments in market practices and participants. The result is a compelling account of the stock market’s regulatory framework, fundamental institutions, and economic dynamics, combined with an assessment of its various controversies. The New Stock Market covers a wide range of issues including the practices of high-frequency traders, insider trading, manipulation, short selling, broker-dealer practices, and trading venue fees and rebates. The book illuminates both the existing regulatory structure of our equity trading markets and how we can improve it.

Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Global Financial Crisis, 2008-2009
Languages : en
Pages : 294

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Book Description

Author: Sidney M. Robbins
Publisher:
ISBN:
Category : Securities
Languages : en
Pages : 328

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Book Description

Author: Angela A. Hung
Publisher: Rand Corporation
ISBN: 0833045016
Category : Law
Languages : en
Pages : 151

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Book Description
In theory, financial professionals are relatively distinct: A broker-dealer conducts transactions in securities on behalf of itself and others; and an investment adviser provides advice to others regarding securities. Different laws regulate each type of professional, but boundaries have blurred. This report examines current business practices and investor understanding of each type.

Author: Girard Miller
Publisher:
ISBN:
Category : Finance, Public
Languages : en
Pages : 392

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Book Description

Author: Thomas Lee Hazen
Publisher: West Academic Publishing
ISBN: 9780314144621
Category : Law
Languages : en
Pages : 0

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Book Description
This title is designed to provide an introduction and overview of broker-dealer regulation in the securities markets. It covers broker-dealer front office and back office issues as well as market regulation generally. It gives you with an understanding of basic concepts and the basic regulatory scheme, providing an explanation of broker-dealer regulation generally, sales practices, analysts' conflicts of interest, civil liabilities, and arbitration.