The New Stock Market : : Law, Economics, and Policy / / Merritt B. Fox, Lawrence Glosten, Gabriel Rauterberg.
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...
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Fox, Merritt B., author. aut http://id.loc.gov/vocabulary/relators/aut The New Stock Market : Law, Economics, and Policy / Merritt B. Fox, Lawrence Glosten, Gabriel Rauterberg. New York, NY : Columbia University Press, [2019] ©2018 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- Contents -- Acknowledgments -- Introduction -- Part 1: Foundations -- 1. The Institutions and Regulation of Trading Markets -- 2. The Social Function of Stock Markets -- 3. The Economics of Trading Markets -- Part 2: Trading Market Practices -- 4. High Frequency Trading -- Part 3: Regulation of Traders -- 5. The Economics of Informed Trading -- 6. The Regulation of Informed Trading -- 7. Manipulation -- 8. Short Selling -- Part 4: Regulation of Broker-Dealers -- 9. Broker-Dealers -- 10. Dark Pools -- 11. Maker-Taker Fees -- 12. Payment for Order Flow -- Conclusion -- Notes -- Name Index -- Subject Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star 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. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022) Securities. Short selling (Securities). Stock exchanges. BUSINESS & ECONOMICS / Investments & Securities / Stocks. bisacsh Glosten, Lawrence, author. aut http://id.loc.gov/vocabulary/relators/aut Rauterberg, Gabriel, author. aut http://id.loc.gov/vocabulary/relators/aut Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2019 9783110651959 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2019 English 9783110610765 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2019 9783110664232 ZDB-23-DGG Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics 2019 9783110606065 ZDB-23-DBV Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics, Law & Social Sciences 2019 ENG 9783110610130 print 9780231181969 https://doi.org/10.7312/fox-18196 https://www.degruyter.com/isbn/9780231543934 Cover https://www.degruyter.com/document/cover/isbn/9780231543934/original |
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English |
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eBook |
author |
Fox, Merritt B., Fox, Merritt B., Glosten, Lawrence, Rauterberg, Gabriel, |
spellingShingle |
Fox, Merritt B., Fox, Merritt B., Glosten, Lawrence, Rauterberg, Gabriel, The New Stock Market : Law, Economics, and Policy / Frontmatter -- Contents -- Acknowledgments -- Introduction -- Part 1: Foundations -- 1. The Institutions and Regulation of Trading Markets -- 2. The Social Function of Stock Markets -- 3. The Economics of Trading Markets -- Part 2: Trading Market Practices -- 4. High Frequency Trading -- Part 3: Regulation of Traders -- 5. The Economics of Informed Trading -- 6. The Regulation of Informed Trading -- 7. Manipulation -- 8. Short Selling -- Part 4: Regulation of Broker-Dealers -- 9. Broker-Dealers -- 10. Dark Pools -- 11. Maker-Taker Fees -- 12. Payment for Order Flow -- Conclusion -- Notes -- Name Index -- Subject Index |
author_facet |
Fox, Merritt B., Fox, Merritt B., Glosten, Lawrence, Rauterberg, Gabriel, Glosten, Lawrence, Glosten, Lawrence, Rauterberg, Gabriel, Rauterberg, Gabriel, |
author_variant |
m b f mb mbf m b f mb mbf l g lg g r gr |
author_role |
VerfasserIn VerfasserIn VerfasserIn VerfasserIn |
author2 |
Glosten, Lawrence, Glosten, Lawrence, Rauterberg, Gabriel, Rauterberg, Gabriel, |
author2_variant |
l g lg g r gr |
author2_role |
VerfasserIn VerfasserIn VerfasserIn VerfasserIn |
author_sort |
Fox, Merritt B., |
title |
The New Stock Market : Law, Economics, and Policy / |
title_sub |
Law, Economics, and Policy / |
title_full |
The New Stock Market : Law, Economics, and Policy / Merritt B. Fox, Lawrence Glosten, Gabriel Rauterberg. |
title_fullStr |
The New Stock Market : Law, Economics, and Policy / Merritt B. Fox, Lawrence Glosten, Gabriel Rauterberg. |
title_full_unstemmed |
The New Stock Market : Law, Economics, and Policy / Merritt B. Fox, Lawrence Glosten, Gabriel Rauterberg. |
title_auth |
The New Stock Market : Law, Economics, and Policy / |
title_alt |
Frontmatter -- Contents -- Acknowledgments -- Introduction -- Part 1: Foundations -- 1. The Institutions and Regulation of Trading Markets -- 2. The Social Function of Stock Markets -- 3. The Economics of Trading Markets -- Part 2: Trading Market Practices -- 4. High Frequency Trading -- Part 3: Regulation of Traders -- 5. The Economics of Informed Trading -- 6. The Regulation of Informed Trading -- 7. Manipulation -- 8. Short Selling -- Part 4: Regulation of Broker-Dealers -- 9. Broker-Dealers -- 10. Dark Pools -- 11. Maker-Taker Fees -- 12. Payment for Order Flow -- Conclusion -- Notes -- Name Index -- Subject Index |
title_new |
The New Stock Market : |
title_sort |
the new stock market : law, economics, and policy / |
publisher |
Columbia University Press, |
publishDate |
2019 |
physical |
1 online resource Issued also in print. |
contents |
Frontmatter -- Contents -- Acknowledgments -- Introduction -- Part 1: Foundations -- 1. The Institutions and Regulation of Trading Markets -- 2. The Social Function of Stock Markets -- 3. The Economics of Trading Markets -- Part 2: Trading Market Practices -- 4. High Frequency Trading -- Part 3: Regulation of Traders -- 5. The Economics of Informed Trading -- 6. The Regulation of Informed Trading -- 7. Manipulation -- 8. Short Selling -- Part 4: Regulation of Broker-Dealers -- 9. Broker-Dealers -- 10. Dark Pools -- 11. Maker-Taker Fees -- 12. Payment for Order Flow -- Conclusion -- Notes -- Name Index -- Subject Index |
isbn |
9780231543934 9783110651959 9783110610765 9783110664232 9783110606065 9783110610130 9780231181969 |
callnumber-first |
H - Social Science |
callnumber-subject |
HG - Finance |
callnumber-label |
HG4551 |
callnumber-sort |
HG 44551 F69 42019 |
url |
https://doi.org/10.7312/fox-18196 https://www.degruyter.com/isbn/9780231543934 https://www.degruyter.com/document/cover/isbn/9780231543934/original |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332.64/2 |
dewey-sort |
3332.64 12 |
dewey-raw |
332.64/2 |
dewey-search |
332.64/2 |
doi_str_mv |
10.7312/fox-18196 |
oclc_num |
1079008648 |
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status_str |
n |
ids_txt_mv |
(DE-B1597)517721 (OCoLC)1079008648 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2019 Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2019 English Title is part of eBook package: De Gruyter EBOOK PACKAGE COMPLETE 2019 Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics 2019 Title is part of eBook package: De Gruyter EBOOK PACKAGE Economics, Law & Social Sciences 2019 ENG |
is_hierarchy_title |
The New Stock Market : Law, Economics, and Policy / |
container_title |
Title is part of eBook package: De Gruyter Columbia University Press Complete eBook-Package 2019 |
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