This book offers a look at equity markets and what they have experienced since the 1997 Order Handling Rules were instituted. Specifically, it examines the tremendous technology innovation, intensified competition between an expanding set of alternative trading venues, and continuing regulatory...

This book underscores the complexity of the equity markets, the challenges they face, and the fact that they are still a work in process. Three interacting forces drive market change: competition, technology change, and regulatory change. The markets have one major objective in particular to...

Preface -- Chapter 1 Integrity of Price Discovery -- Chapter 2 A Global Perspective -- Chapter 3 Integrity of Price Discovery -- Chapter 4 Integrity of a Marketplace -- Chapter 5 Trader Perspective -- Chapter 6 Integrity of Market Regulation -- Chapter 7 Equity Trading in the Fast Lane

World agricultural resources will be altered by climate change which will require both public and private actions. Global agriculture is affected by invasive alien pest and disease species and by severe weather such as sea-level rise flooding and drought. Rising sea levels will increase salinity...

Quality of Our Financial Markets -- High Frequency Trading: Friend or Foe? -- Mid-Day Address -- May 6: Lessons Learned and Questions Raised -- The Needs of the Buyside: How Well are They Being Met? -- New Technology: What Does it Bring to the Table? -- Closing Address

The Call Auction Alternative -- The Broad Perspective -- View From a Market Maker -- Alternative Call Auction Designs -- Darwinism vs. Protectionism In the US Equity Markets; the Case for Real Competition -- View from a Derivatives Exchange -- Integrating Call and Continuous Trading -- A Call...