Schwartz / Byrne / Stempel Market Integrity

Do Our Equity Markets Pass the Test?
1. Auflage 2019
ISBN: 978-3-030-02871-8
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 112 Seiten

Reihe: Zicklin School of Business Financial Markets Series

This book explores the integrity of equity markets, addressing such issues as the exchange vs. customer perspective on price discovery and the ways market participants deal with key regulatory concerns. Do market practitioners pass the integrity test? How does 'market integrity' play out globally? What is the overall veracity of the marketplace? These are some of the key questions considered in this volume from the viewpoints of traders, economists, financial market strategists and exchange representative. Titled after the Baruch College Financial Markets Conference, Market Integrity: Do Our Equity Markets Pass the Test?, this book is of interest to market practitioners, trading professionals, academics and students in the field of financial markets. 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 Much more than historical documents, the transcripts from the conferences are edited for clarity, perspective and context; material and comments from subsequent interviews with the panelists and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.

Autoren/Hrsg.

Schwartz, Robert A.

Byrne, John Aidan

Stempel, Eileen

Inhaltsverzeichnis

1;Preface;5
1.1;The Low Down on High Intraday Volatility;5
2;List of Participants;11
3;Conference Sponsors;13
4;Contents;14
5;Chapter 1: Integrity of Price Discovery: Perspective of Exchanges;15
6;Chapter 2: A Global Perspective;28
7;Chapter 3: Integrity of Price Discovery: Perspective of Customers;39
8;Chapter 4: Integrity of a Marketplace;55
9;Chapter 5: A Trader’s Perspective;72
10;Chapter 6: Integrity of Market Regulation;86
11;Chapter 7: Invited Editorial Comment: Equity Trading in the Fast Lane—The Staccato Alternative;107
11.1;7.1 Competition Is Not A Simple Matter;108
11.2;7.2 The Speed Game;109
11.3;7.3 Stepping in Front of Others;110
11.4;7.4 Staccato Trading;111
11.5;7.5 Slow Down, You Crazy Child;112