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Global Algorithmic Capital Markets
High Frequency Trading, Dark Pools, and Regulatory Challenges
Buch von Walter Mattli
Sprache: Englisch

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Beschreibung
This book illustrates the dramatic recent transformations in capital markets worldwide. Market making by humans in centralized markets has been replaced by super computers and algorithms in often highly fragmented markets. This book discusses how this impacts public policy objectives and how market governance could be strengthened.
This book illustrates the dramatic recent transformations in capital markets worldwide. Market making by humans in centralized markets has been replaced by super computers and algorithms in often highly fragmented markets. This book discusses how this impacts public policy objectives and how market governance could be strengthened.
Über den Autor
Walter Mattli is Professor of International Political Economy at the University of Oxford. He joined Oxford in 2004 after teaching for a decade at Columbia University in New York. He received his undergraduate degree from the University of Geneva and his Ph.D. from the University of Chicago. Before beginning his graduate studies, he worked in international banking in New York. He has held fellowships at the Wissenschaftskolleg (Institute for Advanced Studies) in Berlin, the American Academy in Berlin, Princeton University, and the European University Institute in Florence.
Inhaltsverzeichnis
  • 1: Walter Mattli: Introduction: A New Capital Market Reality and Overview

  • Part I: High frequency trading: key topics

  • 2: Thierry Foucault and Sophie Moinas: Is trading fast dangerous?

  • 3: Haim Bodek: A case sturdy in regulatory arbitrage and information asymmetry: high frequency trading the post only intermarket sweep order

  • 4: Dan Marcus and Miles Kellerman: The FX race to zero: electronification and market structural issues in foreign exchange trading

  • Part II: Market quality and best order execution

  • 5: Elaine Wah, Stan Feldman, Francis Chung, Allison Bishop, and Daniel Aisen: A comparison of execution quality across U.S. stock exchanges

  • 6: Robert Battalio: What has changed in four years? Are retail broker routing decisions in 4Q2016 consistent with the pursuit of best execution

  • 7: Tyler Gellasch and Chris Nagy: Better 'best execution': an overview and assessment

  • Part III: Analytical and regulatory frameworks

  • 8: Merritt Fox, Lawrence Glosten, and Gabriel Rauterberg: Naked open market manipulation and its effects

  • 9: Yesha Yadav: Algorithmic trading and market manipulation

  • 10: Stanislav Dolgopolov: Legal liability for fraud in the evolving architecture of securities markets

  • Part IV: Regulatory agencies and market structure regulation

  • 11: Greg Medcraft: Regulating high-frequency trading and dark liquidity in Australia

  • 12: Steffen Kern and Giuseppe Loiacono: High-frequency trading and circuit breakers in the EU- recent findings and regulatory activity

  • 13: Timothy Baikie, Tracey Stern, Susan Greenglass, and Maureen Jensen: A framework for responsive market regulation

Details
Erscheinungsjahr: 2019
Fachbereich: Volkswirtschaft
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: Gebunden
ISBN-13: 9780198829461
ISBN-10: 0198829469
Sprache: Englisch
Einband: Gebunden
Autor: Mattli, Walter
Redaktion: Mattli, Walter
Hersteller: Oxford University Press (UK)
Verantwortliche Person für die EU: Deutsche Bibelgesellschaft, Postfach:81 03 40, D-70567 Stuttgart, vertrieb@dbg.de
Maße: 240 x 168 x 30 mm
Von/Mit: Walter Mattli
Erscheinungsdatum: 20.02.2019
Gewicht: 0,736 kg
Artikel-ID: 121090089
Über den Autor
Walter Mattli is Professor of International Political Economy at the University of Oxford. He joined Oxford in 2004 after teaching for a decade at Columbia University in New York. He received his undergraduate degree from the University of Geneva and his Ph.D. from the University of Chicago. Before beginning his graduate studies, he worked in international banking in New York. He has held fellowships at the Wissenschaftskolleg (Institute for Advanced Studies) in Berlin, the American Academy in Berlin, Princeton University, and the European University Institute in Florence.
Inhaltsverzeichnis
  • 1: Walter Mattli: Introduction: A New Capital Market Reality and Overview

  • Part I: High frequency trading: key topics

  • 2: Thierry Foucault and Sophie Moinas: Is trading fast dangerous?

  • 3: Haim Bodek: A case sturdy in regulatory arbitrage and information asymmetry: high frequency trading the post only intermarket sweep order

  • 4: Dan Marcus and Miles Kellerman: The FX race to zero: electronification and market structural issues in foreign exchange trading

  • Part II: Market quality and best order execution

  • 5: Elaine Wah, Stan Feldman, Francis Chung, Allison Bishop, and Daniel Aisen: A comparison of execution quality across U.S. stock exchanges

  • 6: Robert Battalio: What has changed in four years? Are retail broker routing decisions in 4Q2016 consistent with the pursuit of best execution

  • 7: Tyler Gellasch and Chris Nagy: Better 'best execution': an overview and assessment

  • Part III: Analytical and regulatory frameworks

  • 8: Merritt Fox, Lawrence Glosten, and Gabriel Rauterberg: Naked open market manipulation and its effects

  • 9: Yesha Yadav: Algorithmic trading and market manipulation

  • 10: Stanislav Dolgopolov: Legal liability for fraud in the evolving architecture of securities markets

  • Part IV: Regulatory agencies and market structure regulation

  • 11: Greg Medcraft: Regulating high-frequency trading and dark liquidity in Australia

  • 12: Steffen Kern and Giuseppe Loiacono: High-frequency trading and circuit breakers in the EU- recent findings and regulatory activity

  • 13: Timothy Baikie, Tracey Stern, Susan Greenglass, and Maureen Jensen: A framework for responsive market regulation

Details
Erscheinungsjahr: 2019
Fachbereich: Volkswirtschaft
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: Gebunden
ISBN-13: 9780198829461
ISBN-10: 0198829469
Sprache: Englisch
Einband: Gebunden
Autor: Mattli, Walter
Redaktion: Mattli, Walter
Hersteller: Oxford University Press (UK)
Verantwortliche Person für die EU: Deutsche Bibelgesellschaft, Postfach:81 03 40, D-70567 Stuttgart, vertrieb@dbg.de
Maße: 240 x 168 x 30 mm
Von/Mit: Walter Mattli
Erscheinungsdatum: 20.02.2019
Gewicht: 0,736 kg
Artikel-ID: 121090089
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