The new stock market : law, economics, and policy

• Material Type: 図書
• ISBN: 9780231181969 (hardback ; alk. paper); 0231181965 (hardback ; alk. paper)
• ISBN (error code): 9780231543934 (ebook)
• Title: The new stock market : law, economics, and policy
• Author/Editor: Merritt B. Fox, Lawrence R. Glosten, and Gabriel V. Rauterberg.
• Author Heading: Fox, Merritt B.; Glosten, Lawrence R. (Lawrence Robert), 1951-; Rauterberg, Gabriel V.
• Publication, Distribution, etc.: New York : Columbia University Press (出版)
• Publication Date: [2019]
• Publication Date (W3CDTF): 2019
• Extent: viii, 395 pages
• Other physical details: illustrations
• Size: 24 cm
• Place of Publication (Country Code): US
• Text Language Code: eng
• Content Type: text
• Media Type: unmediated
• Carrier Type: volume
• Subject Heading: Stock exchanges.; Securities.; Short selling (Securities); Aktienmarkt
• LCC: HG4551
• DDC: 332.64/2
• NDLC: DF178
• Target Audience: 一般
• Note (Content): 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.
• Note (Bibliography): Includes bibliographical references and indexes.
• Holding library: 国立国会図書館
• Call No.: DF178-B61
• Data Provider (Database): 国立国会図書館 : 国立国会図書館蔵書; https://ndlsearch.ndl.go.jp
• Bibliographic ID (NDL): 029432440; http://id.ndl.go.jp/bib/029432440
• LC Control Number: 2018021684; https://lccn.loc.gov/2018021684
• OCLC No.: 1035460403; https://www.worldcat.org/oclc/1035460403
• Cataloging Rule: RDA
• Bibliographic Record Category (NDL): 211

• Contents: The institutions and regulation of trading marketsThe social function of stock marketsThe economics of trading markets...