What is an Exchange?
- 10h 35m
- Ruben Lee
- Oxford University Press (UK)
- 1998
New technology is revolutionizing the nature and threatening the existence of traditional stock and future exchanges. This book analyses how they are responding to developments in automation, what strategies they should adopt to survive and prosper in a competitive environment, and whether their actions both are, and should be, a matter of public concern. The development, operation, management, and governance of stock and futures exchanges is examined. Relevant law and regulation is interpreted and evaluated. Finally, some policy recommendations are presented. The book applies knowledge, experience, and analytical techniques from the fields of business, economics, law, and regulation.
About the Author
Ruben Lee is the Director of the Oxford Finance Group, and Adjunct Professor at The University of Reading ISMA Centre - The Business School for Financial Markets. He was formerly a Fellow of Neffield College, Oxford University, and a Vice President of Salomon Brothers International in New York and London.
In this Book
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Abbreviations
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Introduction
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Governance
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Governance—Case Studies
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Competition and Cooperation
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Cooperation: Case Studies
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Information
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Classification and Market Structure: Law and Regulation
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Information—Law and Regulation
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Governance—Law and Regulation
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Information—Economics
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Information and Competition—Policy
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Classification and Governance—Policy
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Authorities
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Cases