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Technology and Regulation - How Are They Driving Our Markets?

Technology and Regulation - How Are They Driving Our Markets?

von: Robert A. Schwartz, John Aidan Byrne, Antoinette Colaninno (Eds.)

Springer-Verlag, 2009

ISBN: 9781441904805, 125 Seiten

Format: PDF, OL

Mac OSX,Windows PC Apple iPad, Android Tablet PC's Online-Lesen für: Linux,Mac OSX,Windows PC

Preis: 128,35 EUR

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Technology and Regulation - How Are They Driving Our Markets?


 

Contents

6

Preface

7

Conference Sponsors

10

List of Participants

11

Chapter 1

13

Opening Address

13

Chapter 2

22

The Impact of Electronic Trading Technology

22

Chapter 3

36

Dialog with Erik Sirri

36

Chapter 4

46

Regulatory Initiatives: Implications for Competition and Efficiency

46

Chapter 5

58

What the Buy-Side Needs

58

Chapter 6

75

Market Quality, The Big Picture

75

Chapter 7

85

Dialog with John Thain

85

Chapter 8

94

Divergent Expectations

94

Introduction

94

How Far Have We Come?

96

What Motivates Trading?

98

From Divergent Expectations to Adaptive Valuations

99

A Buy-side Perspective on Quantity Discovery

101

Implications for Market Structures and Networks

102

Off-Book Trading and the No-Trade Theorem Revisited

103

Implications for Market Structure Regulation

106

There is More Than One Game in Town

108

References

109

Index

123