Zicklin School of Business Financial Markets Series

Technology and Regulation

How Are They Driving Our Markets?

Editors: Schwartz, Robert A., Byrne, John Aidan, Colaninno, Antoinette (Eds.)

  • Considers the impact of both technology and regulation on equity markets and trading
  • International coverage
  • Includes contributions from leading academics, practitioners, and regulators in a lively format
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eBook $199.00
price for USA (gross)
  • ISBN 978-1-4419-0480-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $259.00
price for USA
  • ISBN 978-1-4419-0479-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $259.00
price for USA
  • ISBN 978-1-4614-1723-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

Two primary drivers have transformed the equity markets in recent years: technological advances and regulatory initiatives. How does modern, electronic technology facilitate trading, and to what extent does it present new challenges? How does regulation adjust to the changing structure of the markets, and to what extent is it itself a source of change? What are the new problems and solutions for handling institutional orders? On both sides of the Atlantic, what are the overall impacts of technology and regulation on market quality? The conference resulting in this volume brought together buyside and sellside practitioners, regulators, and academicians to address these and related issues.

The Zicklin School of Business Financial Markets Series presents the insights emerging from a sequence of conferences hosted by the Zicklin School at Baruch College for industry professionals, regulators, and scholars. Much more than historical documents, the transcripts from the conferences are edited for clarity, perspective and context; material and comments from subsequent interviews with the panelists and speakers are integrated for a complete thematic presentation. Each book is focused on a well delineated topic, but all deliver broader insights into the quality and efficiency of the U.S. equity markets and the dynamic forces changing them.

About the authors

Robert A. Schwartz is Marvin M. Speiser Professor of Finance and University Distinguished Professor in the Zicklin School of Business, Baruch College, CUNY. Before joining the Baruch faculty in 1997, he was Professor of Finance and Economics and Yamaichi Faculty Fellow at New York University's Leonard N. Stern School of Business, where he had been a member of the faculty since 1965. Professor Schwartz received his Ph.D. in Economics from Columbia University. His research is in the area of financial economics, with a primary focus on the structure of securities markets. He has published over 50 refereed journal articles and fifteen books, including The Equity Trader Course (co-authored with Reto Francioni and Bruce Weber) Wiley & Sons, 2006, Equity Markets in Action: The Fundamentals of Liquidity, Market Structure and Trading (co-authored with Reto Francioni) Wiley & Sons, 2004, and Reshaping the Equity Markets: A Guide for the 1990s, Harper Business, 1991 (reissued by Business One Irwin, 1993). He has served as a consultant to various market centers including the New York Stock Exchange, the American Stock Exchange, Nasdaq, the London Stock Exchange, Instinet, the Arizona Stock Exchange, Deutsche Börse, and the Bolsa Mexicana. From April 1983 to April 1988, he was an associate editor of The Journal of Finance, and he is currently an associate editor of the Review of Quantitative Finance and Accounting, the Review of Pacific Basin Financial Markets and Policies, and The Journal of Entrepreneurial Finance & Business Ventures, and is a member of the advisory boards of International Finance and The Journal of Trading. In December 1995, Professor Schwartz was named the first chairman of Nasdaq's Economic Advisory Board, and he served on the EAB until Spring 1999. He is developer, with Bruce Weber, of the trading and market structure simulation, TraderEx (http://www.etraderex.com/).

Table of contents (8 chapters)

  • Opening Address

    Domowitz, Ian

    Pages 1-9

  • The Impact of Electronic Trading Technology

    Holowczak, Richard (et al.)

    Pages 11-24

  • Dialog with Erik Sirri

    Sirri, Erik (et al.)

    Pages 25-34

  • Regulatory Initiatives: Implications for Competition and Efficiency

    Hatheway, Frank (et al.)

    Pages 35-46

  • What the Buy-Side Needs

    Gawronski, Joseph (et al.)

    Pages 47-63

Buy this book

eBook $199.00
price for USA (gross)
  • ISBN 978-1-4419-0480-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $259.00
price for USA
  • ISBN 978-1-4419-0479-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $259.00
price for USA
  • ISBN 978-1-4614-1723-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Technology and Regulation
Book Subtitle
How Are They Driving Our Markets?
Editors
  • Robert A. Schwartz
  • John Aidan Byrne
  • Antoinette Colaninno
Series Title
Zicklin School of Business Financial Markets Series
Copyright
2009
Publisher
Springer US
Copyright Holder
Springer-Verlag US
eBook ISBN
978-1-4419-0480-5
DOI
10.1007/978-1-4419-0480-5
Hardcover ISBN
978-1-4419-0479-9
Softcover ISBN
978-1-4614-1723-1
Edition Number
1
Number of Pages
XIV, 117
Topics