The Quality of Our Financial Markets

Taking Stock of Where We Stand

Robert A. Schwartz, John Aidan Byrne, Gretchen Schnee (Herausgeber)

Buch | Softcover

90 Seiten

2014
Springer-Verlag New York Inc.
978-1-4899-9635-0 (ISBN)

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The structure and operations of the US equity markets have evolved dramatically in recent decades with the advent of major technology and regulatory changes. Nothing short of a groundbreaking shift has occurred in the securities industry as the transition has been made from predominantly manual, human intermediated trading to predominantly electronic trading. By many measures, commission, spreads and market impact costs have been dramatically reduced in recent years. But does that mean that market quality has improved? That is the key question addressed in this book, titled after the Baruch College Conference, “The Quality of Our Financial Markets: Taking Stock of Where We Stand.” Featuring contributions from a distinguished panel of practitioners, academicians, and regulators, this volume offers a penetrating and timely account of the most current issues in market quality, covering such topics as high-frequency trading; the Flash Crash of May 6th, 2010; dark pools; lit pools; fragmentation; disruptive and advanced technologies. And, very significantly, it takes a close look at the impact and influence of regulation.

The Zicklin School of Business Financial Markets Series presents the insights emerging from a sequence of conferences hosted by the Zicklin School at Baruch College for industry professionals, regulators, and scholars. Much more than historical documents, the transcripts from the conferences are edited for clarity, perspective and context; material and comments from subsequent interviews with the panelists and speakers are integrated for a complete thematic presentation. Each book is focused on a well delineated topic, but all deliver broader insights into the quality and efficiency of the U.S. equity markets and the dynamic forces changing them.

Quality of Our Financial Markets.- High Frequency Trading: Friend or Foe?.- Mid-Day Address.- May 6: Lessons Learned and Questions Raised.- The Needs of the Buyside: How Well are They Being Met?.- New Technology: What Does it Bring to the Table?.- Closing Address.

Reihe/Serie	Zicklin School of Business Financial Markets Conference Series Baruch College
Zusatzinfo	XIV, 90 p.
Verlagsort	New York
Sprache	englisch
Maße	155 x 235 mm
Themenwelt	Informatik ► Office Programme ► Outlook
	Mathematik / Informatik ► Mathematik ► Finanz- / Wirtschaftsmathematik
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
Schlagworte	Capital Raising • Consolidation • Equity Market Quality • Fragmentation • Transaction Costs • Transparency
ISBN-10	1-4899-9635-4 / 1489996354
ISBN-13	978-1-4899-9635-0 / 9781489996350
Zustand	Neuware