Petrella, Giovanni - In: Journal of Financial Regulation and Compliance 18 (2010) 3, pp. 257-271
regulation national market system (Reg NMS) affect the competition for order flow among trading venues in, respectively, Europe …. Specifically, some of the provisions set forth by the US regulation with respect to the best execution duty, the consolidation of … factors can only partly explain the current structure of the European and US securities markets. Technology and heterogeneity …