Technology and Regulation: How Are They Driving Our Markets?

Technology and Regulation: How Are They Driving Our Markets?

by Robert A. Schwartz
     
 

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Two primary drivers have transformed the equity markets in recent years: technological advances and regulatory initiatives. How does modern, electronic technology facilitate trading, and to what extent does it present new challenges? How does regulation adjust to the changing structure of the markets, and to what extent is it itself a source of change? What are

Overview

Two primary drivers have transformed the equity markets in recent years: technological advances and regulatory initiatives. How does modern, electronic technology facilitate trading, and to what extent does it present new challenges? How does regulation adjust to the changing structure of the markets, and to what extent is it itself a source of change? What are the new problems and solutions for handling institutional orders? On both sides of the Atlantic, what are the overall impacts of technology and regulation on market quality? The conference resulting in this volume brought together buyside and sellside practitioners, regulators, and academicians to address these and related issues.

Product Details

ISBN-13:
9781461417231
Publisher:
Springer US
Publication date:
12/06/2011
Series:
Zicklin School of Business Financial Markets Series
Edition description:
2009
Pages:
117
Product dimensions:
6.10(w) x 9.25(h) x 0.01(d)

Meet the Author

Robert A. Schwartz is Marvin M. Speiser Professor of Finance and University Distinguished Professor in the Zicklin School of Business, Baruch College, CUNY. Before joining the Baruch faculty in 1997, he was Professor of Finance and Economics and Yamaichi Faculty Fellow at New York University's Leonard N. Stern School of Business, where he had been a member of the faculty since 1965. Professor Schwartz received his Ph.D. in Economics from Columbia University. His research is in the area of financial economics, with a primary focus on the structure of securities markets. He has published over 50 refereed journal articles and fifteen books, including The Equity Trader Course (co-authored with Reto Francioni and Bruce Weber) Wiley & Sons, 2006, Equity Markets in Action: The Fundamentals of Liquidity, Market Structure and Trading (co-authored with Reto Francioni) Wiley & Sons, 2004, and Reshaping the Equity Markets: A Guide for the 1990s, Harper Business, 1991 (reissued by Business One Irwin, 1993). He has served as a consultant to various market centers including the New York Sk Exchange, the American Sk Exchange, Nasdaq, the London Sk Exchange, Instinet, the Arizona Sk Exchange, Deutsche Börse, and the Bolsa Mexicana. From April 1983 to April 1988, he was an associate editor of The Journal of Finance, and he is currently an associate editor of the Review of Quantitative Finance and Accounting, the Review of Pacific Basin Financial Markets and Policies, and The Journal of Entrepreneurial Finance & Business Ventures, and is a member of the advisory boards of International Finance and The Journal of Trading. In December 1995, Professor Schwartz was named the first chairman of Nasdaq's Economic Advisory Board, and he served on the EAB until Spring 1999. He is developer, with Bruce Weber, of the trading and market structure simulation, TraderEx (http://www.etraderex.com/).

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