40 years of experience with the National Market System (NMS) : who are the winners and what have we learned? / / Robert A. Schwartz, John Aidan Byrne and Eileen Stempel, editors

• Pubblicazione: Cham, Switzerland : , : Springer, , [2022]; ©2022
• Descrizione fisica: 1 online resource (171 pages)
• Disciplina: 346.092
• Soggetto topico: Securities; Securities - United States
• Persona (resp. second.): SchwartzRobert A.; John Aidan Byrne; StempelEileen
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Intro -- Preface: 40 Years of Experience with NMS: Who Are the Winners and What Have We Learned? -- List of Participants -- Conference Sponsors -- Contents -- Chapter 1: Thoughts and Perspectives on 40th Anniversary of the National Market System (NMS) -- Chapter 2: Technology's Challenge to Regulators -- Chapter 3: The Global View -- Chapter 4: Has NMS-Induced Competition Delivered? -- Chapter 5: Fair and Level Playing Fields: A Good Regulatory Goal? -- Chapter 6: What Have We Learned? -- Chapter 7: The Buy-Side Responds -- Chapter 8: A Liquidity Program to Stabilize Equity Markets -- The Supplemental Liquidity (SL) Proposal -- Price Discovery is a Public Good -- Analytic Context -- Empirical Analysis -- Test Design -- Test Results -- The SL Program Vis-À-Vis Traditional Market Maker Operations -- Conclusion -- Appendix: Further Considerations -- A. Additional Rules for Implementing an SL Program -- B. Compliance with Local Regulations -- C. Call Auction Prices and Equilibrium Values -- D. An SL Program and Gaming Possibilities -- References.
• Altri titoli varianti: Forty years of experience with the National Market System (NMS)
• Titolo autorizzato: 40 years of experience with the National Market System (NMS)
• ISBN: 3-030-91912-9
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910580151703321
• Lo trovi qui: Univ. Federico II
• Serie: Zicklin School of Business financial markets series.