Securities Market Issues for the 21st Century
Author: Merritt B. Fox
Publisher:
Published: 2018
Total Pages: 476
ISBN-13: 9781982966850
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The New Stock Market
Author: Merritt B. Fox
Publisher: Columbia University Press
Published: 2019-01-08
Total Pages: 612
ISBN-13: 023154393X
DOWNLOAD EBOOK →The U.S. stock market has been transformed over the last twenty-five years. Once a market in which human beings traded at human speeds, it is now an electronic market pervaded by algorithmic trading, conducted at speeds nearing that of light. High-frequency traders participate in a large portion of all transactions, and a significant minority of all trade occurs on alternative trading systems known as “dark pools.” These developments have been widely criticized, but there is no consensus on the best regulatory response to these dramatic changes. The New Stock Market offers a comprehensive new look at how these markets work, how they fail, and how they should be regulated. Merritt B. Fox, Lawrence R. Glosten, and Gabriel V. Rauterberg describe stock markets’ institutions and regulatory architecture. They draw on the informational paradigm of microstructure economics to highlight the crucial role of information asymmetries and adverse selection in explaining market behavior, while examining a wide variety of developments in market practices and participants. The result is a compelling account of the stock market’s regulatory framework, fundamental institutions, and economic dynamics, combined with an assessment of its various controversies. The New Stock Market covers a wide range of issues including the practices of high-frequency traders, insider trading, manipulation, short selling, broker-dealer practices, and trading venue fees and rebates. The book illuminates both the existing regulatory structure of our equity trading markets and how we can improve it.
The World's First Stock Exchange
Author: Lodewijk Petram
Publisher: Columbia University Press
Published: 2014-05-27
Total Pages: 305
ISBN-13: 0231537328
DOWNLOAD EBOOK →This account of the sophisticated financial hub that was 17th-century Amsterdam “does a fine job of bringing history to life” (Library Journal). The launch of the Dutch East India Company in 1602 initiated Amsterdam’s transformation from a regional market town into a dominant financial center. The Company introduced easily transferable shares, and within days buyers had begun to trade them. Soon the public was engaging in a variety of complex transactions, including forwards, futures, options, and bear raids, and by 1680 the techniques deployed in the Amsterdam market were as sophisticated as any we practice today. Lodewijk Petram’s award-winning history demystifies financial instruments by linking today’s products to yesterday’s innovations, tying the market’s operation to the behavior of individuals and the workings of the world around them. Traveling back in time, Petram visits the harbor and other places where merchants met to strike deals. He bears witness to the goings-on at a notary’s office and sits in on the consequential proceedings of a courtroom. He describes in detail the main players, investors, shady characters, speculators, and domestic servants and other ordinary folk, who all played a role in the development of the market and its crises. His history clarifies concerns that investors still struggle with today—such as fraud, the value of information, trust and the place of honor, managing diverging expectations, and balancing risk—and does so in a way that is vivid, relatable, and critical to understanding our contemporary world.
Regulating Financial Services and Markets in the 21st Century
Author: Eilís Ferran
Publisher: Hart Publishing
Published: 2001-09-11
Total Pages: 357
ISBN-13: 1841132799
DOWNLOAD EBOOK →The essays in this work offer a high-level examination of the most important issues facing financial services regulation,and the far-reaching effects of the Financial Services and Markets Act 2000 on the UK financial sector in the context of rapid global change. Taking an interdisciplinary approach the book includes contributions by many distinguished academic authorities on the law and economics of regulation, and also some of the most influential practitioners, regulators and policymakers. As such it provides an authoritative analysis of the underlying issues affecting the broad development of financial services regulation: the objectives of regulation, the responsibilities of the regulated community, the accountability of regulators, the regulation of electronic financial markets and the impact of stock market mergers, regional regulation within Europe, and the development of global financial regulation.
Market 2000
Author: United States. Securities and Exchange Commission. Division of Market Regulation
Publisher:
Published: 1994
Total Pages: 462
ISBN-13:
DOWNLOAD EBOOK →Grave New World
Author: Michael E. Brown
Publisher: Georgetown University Press
Published: 2003-07-29
Total Pages: 356
ISBN-13: 9781589013353
DOWNLOAD EBOOK →The optimism that arrived at the end of the cold war and marked the turn of the Millennium was shattered by September 11. In the aftermath of that event it is not unwarranted pessimism that lines the pages of Grave New World, it is unavoidable reality. Terrorism is but one aspect of many other wider concerns for national and international security, and the contributors to this volume not only warn us, but reward us as well with the clarity of their views into—and possible solutions for—a difficult, complicated future. They speak convincingly of the numerous military and non-military challenges that create security problems—whether those are interstate, intrastate, or transnational—many of which are being dangerously overlooked in public policy debates. The challenges and complexities might seem insurmountable but the first step in solving problems is recognizing that they exist. Grave New World provides an eye-opening assessment of the prospects for peace and security in the 21st century. Michael E. Brown frames these issues in his Introduction, "Security Challenges in the 21st Century;" and in his summation, "Security Problems and Security Policy in a Grave New World."
Corporate Governance and Securities Regulation in the 21st Century
Author: Poonam Puri
Publisher: Markham, Ont. : LexisNexis Butterworths
Published: 2004
Total Pages: 338
ISBN-13: 9780433442929
DOWNLOAD EBOOK →"This book is a compilation of essays written by lawyers who were enrolled in a corporate governance seminar in 2002 as a part of the Part-Time Master of Laws program in Securities Law at Osgoode Hall Law School. The contributors include securities lawyers at major Canadian law firms, provincial securities commissions, self-regulatory organizations and corporations. An essay was also contributed by two professors at Osgoode Hall Law School. Each chapter represents a critical aspect of securities law and corporate governance reform, looking at how legal and market mechanisms aim to encourage better corporate governance monitoring."--Pub. desc.
The Securities Markets
Energy Security Challenges for the 21st Century
Author: Gal Luft
Publisher: Bloomsbury Publishing USA
Published: 2009-08-10
Total Pages: 389
ISBN-13: 027599998X
DOWNLOAD EBOOK →The impact of energy on global security and economy is clear and profound, and this is why in recent years energy security has become a source of concern to most countries. However, energy security means different things to different countries based on their geographic location, their endowment of resources their strategic and economic conditions. In this book, Gal Luft and Anne Korin with the help of twenty leading experts provide an overview of the world's energy system and its vulnerabilities that underlay growing concern over energy security. It hosts a debate about the feasibility of resource conflicts and covers issues such as the threat of terrorism to the global energy system, maritime security, the role of multinationals and non-state actors in energy security, the pathways to energy security through diversification of sources and the development of alternative energy sources. It delves into the various approaches selected producers, consumers and transit states have toward energy security and examines the domestic and foreign policy tradeoffs required to ensure safe and affordable energy supply. The explains the various pathways to energy security and the tradeoffs among them and demonstrates how all these factors can be integrated in a larger foreign and domestic policy framework. It also explores the future of nuclear power, the complex relations between energy security and environmental concerns and the role for decentralized energy as a way to enhance energy security.
21st Century Investing
Author: William Burckart
Publisher: Berrett-Koehler Publishers
Published: 2021-04-13
Total Pages: 154
ISBN-13: 1523091096
DOWNLOAD EBOOK →How institutions and individuals can address complex social, financial, and environmental problems on a systemic level—and invest in a more secure future. Investment today has evolved from the basic, conventional approach of the past. Investors have come to recognize the importance of sustainable investment and are more frequently considering environmental and social factors in their decisions. Yet the complexity of the times forces us to recognize and transition to a third stage of investment practice: system-level investing. In this paradigm-shifting book, William Burckart and Steve Lydenberg show how system-level investors support and enhance the health and stability of the social, financial, and environmental systems on which they depend for long-term returns. They preserve and strengthen these fundamental systems while still generating competitive or otherwise acceptable performance. This book is for those investors who believe in that transition. They may be institutions, large or small, concerned about the long-term stability of the environment and society. They may be individual investors who want their children and grandchildren to inherit a just and sustainable world. Whoever they may be, Burckart and Lydenberg show them the what, why, and how of system-level investment in this book: what it means to manage system-level risks and rewards, why it is imperative to do so now, and how to integrate this new way of thinking into their current practice. “Burckart and Lydenberg are the Wayne Gretzkys of investing: Showing us not where investing is, but where it’s going.” —Jon Lukomnik, Managing Partner, Sinclair Capital; Senior Fellow, High Meadows Institute
