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Introduction
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Chapters in this book
- Frontmatter i
- Contents vii
- Acknowledgments ix
- Introduction 1
- 1 Regulatory Regimes: The Interdependence of Rules and Regulatory Structure 9
- 2 Brokerage, Market Fragmentation, and Securities Market Regulation 35
- 3 Competition, Fragmentation, and Market Quality 63
- 4 An Exchange Is a Many- Splendored Thing: The Classification and Regulation of Automated Trading Systems 93
- 5 Transaction Costs in Dealer Markets: Evidence from the London Stock Exchange 125
- 6 The Effect of Integration between Broker-Dealers and Specialists 177
- 7 International Regulation of Securities Markets: Competition or Harmonization? 207
- 8 Institutional and Regulatory Influences on Price Discovery in Cash and Futures Bond Markets 243
- 9 Market Structure and Liquidity on the Tokyo Stock Exchange 275
- 10 The Price, Volatility, Volume, and Liquidity Effects of Changes in Federal Reserve Margin Requirements on Both Marginable and Nonmarginable OTC Stocks 317
- Contributors 359
- Participants 363
- Author Index 367
- Subject Index 371
Chapters in this book
- Frontmatter i
- Contents vii
- Acknowledgments ix
- Introduction 1
- 1 Regulatory Regimes: The Interdependence of Rules and Regulatory Structure 9
- 2 Brokerage, Market Fragmentation, and Securities Market Regulation 35
- 3 Competition, Fragmentation, and Market Quality 63
- 4 An Exchange Is a Many- Splendored Thing: The Classification and Regulation of Automated Trading Systems 93
- 5 Transaction Costs in Dealer Markets: Evidence from the London Stock Exchange 125
- 6 The Effect of Integration between Broker-Dealers and Specialists 177
- 7 International Regulation of Securities Markets: Competition or Harmonization? 207
- 8 Institutional and Regulatory Influences on Price Discovery in Cash and Futures Bond Markets 243
- 9 Market Structure and Liquidity on the Tokyo Stock Exchange 275
- 10 The Price, Volatility, Volume, and Liquidity Effects of Changes in Federal Reserve Margin Requirements on Both Marginable and Nonmarginable OTC Stocks 317
- Contributors 359
- Participants 363
- Author Index 367
- Subject Index 371