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
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| Titolo: |
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
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| 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 |
| Opac: | Controlla la disponibilità qui |
Serie:
Zicklin School of Business financial markets series.