1.

Record Nr.

UNINA9910298503103321

Titolo

The Economic Function of a Stock Exchange / / edited by Robert A. Schwartz, John Aidan Byrne, Lauren Wheatley

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2015

ISBN

3-319-10350-4

Edizione

[1st ed. 2015.]

Descrizione fisica

1 online resource (155 p.)

Collana

Zicklin School of Business Financial Markets Series, , 2627-521X

Disciplina

330

332

650

657.8333

Soggetti

Finance

Macroeconomics

Information technology

Business—Data processing

Finance, general

Macroeconomics/Monetary Economics//Financial Economics

IT in Business

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Preface -- Chapter 1 Opening Address -- Chapter 2 What Makes an Exchange a Unique Institution? -- Chapter 3 Mid-Day Address -- Chapter 4 Competitive Challenges in the Marketplace -- Chapter 5 Wherein lie the Growth Opportunities? -- Chapter 6 IPO Capital Raising in the Global Economy -- Chapter 7 Closing Dialogue.

Sommario/riassunto

In recent years, exchanges on both sides of the Atlantic have been extensively reengineered, and their organizational structures have changed from non-profit, membership organizations to for-profit, demutualized organizations. Concurrently, new alternative trading systems have emerged and the traditional functions of broker/dealer firms have evolved. How have these changes affected the delivery of that mission? How has the efficiency of capital raising in the IPO market been impacted? These are among the key questions addressed in this



book, titled after the Baruch College Conference, The Economic Function of a Stock Market. Featuring contributions from a panel of scholars, academicians, policymakers, and industry leaders, this volume examines current issues affecting market quality, including challenges in the marketplace, growth opportunities, and IPO capital raising in the global economy. 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 Much more than historical documents, the transcripts from the conferences are edited for clarity, perspective and context; material and comments from subsequent interviews with the panelists and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.